Pledge of Shares

[BalaJi Srivastava]

Dear All,

 

Kindly advice me the procedure or pledging the Shares of a Private Limited company and an Unlisted Public company along with any supportive sections or notifications in this regard.

 

Kindly treat this as urgent. Many thanks

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Thanks and Regards,

Balaji Srivastava
Mobile: +91 (0)997-177-2679
Email:bbala...@gmail.com

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[Venkat Ragavan]

Dear Balaji,

Now a days bankers accepting the pledge dematerialization of shares only.  For bank pledge you have to first dematerialization of the company shares(Pvt). then only you can able to pledge.

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[BalaJi Srivastava]

Sir,

Many thanks for the mail. I would request you to kindly provide me any notification. Specifying the Fact that only demat shares can be pledged and I also want to know the procedure of Demat of Shares of Private Limited Company in details

[CS Chandru]

Hi,

Even one of our borrowing case,  Banker had requested to demat and pledge the shares to secure the amt borrowed. Check with your lender on this. As and when the partial repayments are made, in proportion to that , shares will be released from pledge account and credited to Borrowers demat account. It brings clarity for both lender and borrower as to o/s loan and shares pledged. 

And to demat the shares of unlisted Company, visit this link  - 

https://nsdl.co.in/joining/issuer.php

Thanks & Regards

CS Chandrashekhar

+91 9743148312

 

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[BalaJi Srivastava]

its a long process then...:(

[PL Babu]

It is not long process.  It is easy.

[Venkat Ragavan]

To get connectivity with CDSL

List of Documents to be submitted to Central Depository Services (India) Limited/ NSDL by the Unlisted Company.

 

1.      Copy of the Board Resolution for admission of Securities on Central Depository Services/NSDL (India) Limited

 

2.      Bank Attested Specimen Signature of the authorized signatory as per the Board Resolution

 

3.      Duly filled fresh “Master Creation Form” 

 

4.      Certified copy of Certificate of Incorporation.

 

5.      Certified copy of Memorandum of Articles of Association.

 

6.      Certified Copies of Annual Reports for last three years.

 

7.      Letter from the company regarding appointment of.................................. as Share Transfer Agent.

 

8.      Undertaking-cum-Indemnity to be taken on a Rs.200/-stamp paper 

 

9.      Certified Latest net worth certificate from a chartered accountant in support of         networth computation. The CA is required to state that there is no conflict of interest and that he is in no capacity connected with the company.Alternatively he should disclose the areas of association with the company. 

 

10. Letter from RTA, regarding its appointment as Electronic Registrar for both 

 

11. In case of increase in the paid of capital of the company after the date of the latest balance sheet, certified copies of the following is required.

·        True copy /ies of the resolutions for increase in paid- up- capital.

·        Copy /ies of forms filed with R.O.C and

·        Copy /ies of receipt(s) of R.O.C in that regard.

 

12. The format of Tri-partite agreement is available on CDSL website which can be downloaded and printed on Rs.300 stamp paper/franked bond paper. After getting the franking the same should be made 3 sets which should be filled in, signed and stamped by the issuer and RTA before forwarding it to CDSL.

 

 

13. An amount of Rs.22,472/- (Rs.20,000/- towards joining fee plus Rs.2472/-Service tax) as joining fee to be payable to CDSL, payable at Mumbai

 

Please note that all the documents have to be certified and MCF should be signed by the Managing Director/ Company Secretary /Authorized Signatory [ duly authorized by Board] on all pages [ letterheads] and should be stamped   

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[BalaJi Srivastava]

thnx very much...

Ultimately I can conclude that we need to get a ISIN no for sure prior to go for Demat

[Bhavani Prasad]

You have to have ISIN which is unique number given by the Depository

Regards

CS Bhavani Prasad C N
Company Secretary
098665 19059

[BalaJi Srivastava]

Yup Many thanks to you all for the prompt response