(1)On the issue of a share warrant, the company shall strike out of its register of members the name of the member then entered therein as holding the shares specified in the warrant as if he had ceased to be a member, and shall enter in that register the following particulars, namely:-(a)the fact of the issue of the warrant;(b)a statement of the shares specified in the warrant, distinguishing each share by its number; and(c)the date of the issue of the warrant.
