Pledging of Shares


This query is : Open 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
09 November 2010 Company "A" invested in company "B" and Company "B" invested in a Partnership firm "C". "C" has shares in Company "B". "C" has taken loan from "B" by giving its shares as security. Now "C" is in default.
My doubt goes this way:
1) Can a share holder pledge his shares against the loan issued to him by the company?
2) If yes, can the company forfeit the shares(Fully paid up)if the Shareholder is default?
3) If yes, can it reissue the shares to Company "A"?

09 November 2010 In my opinion, answer to all of ur questions is yes!

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
12 November 2010 Thanks! Can you please support your answer. I mean any reference of sections form respective act/acts.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
24 August 2026
Semi-Qualified CA/CA Finalist - Tax, GST, Audit & Accounts

Bharat Shah & Associates

Mumbai

CA Inter

View Details
Company
27 August 2026
ACCOUNTANT

CHARUPREETI & CO

Noida

Graduate (Any)

View Details
Company
20 September 2026
Semi Qualified CA

Navin & Associates

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 25 August 2026
CA Article's

Saini Pati Shah & Co LLP

Mumbai

CA Inter

View Details
Company
15 September 2026
Client-site CA associate

Aditya Muley and Co

Mumbai

CA

View Details
Company
28 August 2026
Audit Manager

K A R M & CO

Mumbai

CMA

View Details
Company
ARTICLESHIP 07 September 2026
CA Articles

Kothari Jain Patil & Chartered Accountants

Pune

CA Inter

View Details
Company
ARTICLESHIP 26 August 2026
Article Assistant

ANIVESH CONSULTANTS LLP

Gurgaon

CA Inter

View Details