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Explain the following term/concept. Blank transfer - Secretarial Practice

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प्रश्न

Explain the following term/concept.

Blank transfer

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उत्तर

  • When a member signs the Instrument of transfer without filling in the name of the transferee and hands it over to the transferee along with the share certificate, it is called a 'Blank Transfer.'
  • The blank transfer enables easy to purchase and sale of shares as the blank transfer form can be sold any number of times. The intermediate buyers need not pay stamp duty. A holder of a blank transfer form enjoys all rights that a member is entitled to have.
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Transfer of Shares
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 3: Issue of Shares - EXERCISE [पृष्ठ ६५]

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बालभारती Secretarial Practice [English] 12 Standard HSC Maharashtra State Board
अध्याय 3 Issue of Shares
EXERCISE | Q 2. 16. | पृष्ठ ६५
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