Transfer of pledged shares of unlisted public company

This query is : Resolved

vinay (Querist)
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15 June 2010 Hai,

can anyone let me know the procedure to transfer the shares of unlisted public Company which have been pledged.

one point that should be considered is that the pledge has to be continued even after the transfer of shares.

Rasesh

Rasesh (Expert)
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17 June 2010 Shares which are pledged cannot be transferred without the specific approval of the pledgee.

It is the pledgee who can instruct the shares to be transferred to the name of some other person and that the pledge should remain in his favour.

vinay

vinay (Querist)
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21 June 2010 Thank you rasesh

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