Issue of Shares — Secretarial Practice STD 12 Commerce / Arts — Question
Maharashtra BoardEnglish MediumSTD 12 Commerce / ArtsSecretarial PracticeIssue of Shares2 Marks
Question
Blank Transfer
✓
Answer
The Blank transfer means the sale or transfer of securities in which the name of the buyer or transferee is not recorded.
When a member signs the Instrument of transfer without filling in the name of the transferee and hands it over to the transferee with the share certificate it is called ‘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.
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