Legal Question in Banking Law in India
urgent with suitable reply
now the query is '' create charge on shares without registration and be able to sell the shares freely''
Asked on 5/27/08, 3:21 am
3 Answers from Attorneys
J. Radhakrishnan
independent Practice
Re: urgent with suitable reply
It will not be possible to create a charge on demat shares without registration. Where shares are held in physical form, if a pledge or hypothecation deed is executed with specific reference to the shares in question with blank transfer forms duly signed, it may be possible to sell the shares after due notice.
Answered on 5/27/08, 9:30 pm
Aniruddha Pawse
Aniruddha.P.Pawse Advocates
Re: urgent with suitable reply
Already replied wrong forum
Answered on 5/27/08, 9:10 am
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