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Thread: Why one has to wait till the expiry of the validity period of the original warrant

  1. #1
    Junior Member
    Join Date
    Aug 2014
    Location
    Kolkata, India
    Posts
    7

    Why one has to wait till the expiry of the validity period of the original warrant

    Is it necessary for a shareholder to wait until the expiry of the validity period of the original warrant? Can anybody provide stop payment instructions to the bank for the original warrant and issue a duplicate one instantly?

  2. #2
    Administrator
    Join Date
    Jul 2014
    Posts
    20
    Since the dividend warrants are payable at par at almost 100 centres all over the country, it is not practically possible for banks to issue stop payment instruction. So we have to wait till the validity of the original warrant has expired.

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