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Query w.r.t. pledging of shares

This query is : Resolved 
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(Querist)
18 February 2019 Can a private Company (Its shareholder's Shares) pledge its shares as security against loan received from other Company
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CS Mitesh Mehta

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CS Mitesh Mehta (Expert)
18 February 2019 No. Shareholders can pledge their shares
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Rishi Vashisth

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Rishi Vashisth (Querist)
18 February 2019 What if shareholder consented the for the same?
and if shareholders are the promoters of the company.
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