Pledge of shares by unlisted company

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Querist : Anonymous

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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


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