Section 125, The Companies Act, 2009

(1) A company limited by shares, if so authorised by itsarticles may, with respect to any fully paid-up shares, issue under its common seal a warrant (in this Act called a “share warrant”) stating that the bearer of the warrant is entitled to the shares specified in it, and may provide, by coupons or otherwise, for the payment of the future dividends on the shares. (2) A share warrant shall entitle the bearer to the shares specified in it and the shares may be transferred by delivery of the warrant. Transfer and transmission of shares and debentures