TMI BlogPledging of certificateX X X X Extracts X X X X X X X X Extracts X X X X ..... s security to- (a) the President of India or Governor of a State in his official capacity; (b) the Reserve Bank of India or a scheduled bank or a cooperative society including a cooperative bank; (c) a corporation or a Government company; and (d) a local authority: Provided that the transfer of a certificate purchased on behalf of a mi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the holder of the certificate. (4) A certificate transferred under sub-rule (2), may, on the written authority of the pledge, be re-transferred with the previous sanction in writing of the authorised Postmaster and when any such retransfer is made, the Postmaster of the office of registration shall make the following endorsement on the certificate, namely:- Re-transferred t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cepting the certificate as security under sub-rule (1) or releasing the pledge under sub-rule (4) on behalf of the respective institution, shall certify under his dated signature and seal of the office that he is duly authorised under the articles of the said institution, to execute such instruments or deeds on its behalf. (5) Where as a result of several endorsements made under sub-rul ..... X X X X Extracts X X X X X X X X Extracts X X X X
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