why promoter pledge the shares????
What is pledge of share????
Kundan C.Tanawade. (Executive company secretary) (33 Points)
14 July 2010why promoter pledge the shares????
What is pledge of share????
vivek
(CS)
(751 Points)
Replied 14 July 2010
Dear Sir,
What is a pledge: –
Possessory security against a debt or promise
– Liens or hypothecations are mere obligation against property without parting with possession
– Pledge transfers possession of property also
– Pledge is different from usufructuary mortgage:
In the latter, the mortgagee is allowed the right of usufruct.
Pledge is merely right of possession; without right in the usufruct
Detail you can study from the attached presentation,
Regards,
Kundan C.Tanawade.
(Executive company secretary)
(33 Points)
Replied 14 July 2010
Thank you so much sir.
regards,
Kundan C. Tanawade
Master GSTR-9 and 9C with India's First Unique Live Course with Live practical training
CAclubindia
