Legal Question in Banking Law in India

pledge

whether there can be avalid pledge of shares by the deposits of share cerficate when it is not acconplained by an instrument of transfer(transfer deed)


Asked on 4/08/09, 1:45 am

4 Answers from Attorneys
Pranav Desai PD Legal & Associates

Re: pledge

Already answered

Read more
Answered on 4/13/09, 5:08 am
Homi Maratha N.N. Maratha & Co.-Advocates

Re: pledge

HELLO

GOOD EVENING

You can pledge the shares by endorsement.

IN CASE OF NEED PLEASE CONTACT PERSONALLY ALONGWITH THE DETAILS.

OR

IF ANY FURTHER QUERY MAIL ME.

Read more
Answered on 4/09/09, 6:59 am
J. Radhakrishnan independent Practice

Re: pledge

Pledge of shares by simply deposit of the share certificates is valid. But the practical difficulty in the absence of either filled up share transfer form or blank signed transfer form, is in selling the shares. If there is no such transfer form signed taken from pledgor, one has to make a lot of documentation before requesting the company to transfer the shares in case the shares are sold after default takes place by the pledgor after due notice to him to pay the debt and threatening him with the sale of shares in case of default.

Read more
Answered on 4/15/09, 4:56 am
Sudershan Goel India Law Offices of Sudershan Goel - Advocate

Re: pledge

the shares may be pledged by endorsement.

Read more
Answered on 4/08/09, 8:12 am


Related Questions & Answers

More Banking Law questions and answers in India