Pledge of shares by unlisted company
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 October 2011
Pls share any notification/regualtion which deales with pledge of shares by unlisted company
21 November 2011
Pledge of shares by a listed company is regulated by SEBI and Stock Exchange. However for unlisted there is no restriction and they can pledge there share through passing a board resolution in this regard. The should be entered in the Minutes book.
RG
RG
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