Regarding

ABU FATEH (Querist) 13 January 2010 This query is : Resolved
Hi
I have some shares pledged against as security in my bank.The bank had earlier cancelled the lien mark.What the bank has is old share certificates.Those share certificates are no more valid. And I have the new share certificates.In this context is it legally correct/possible to sell my shares without the banks consent?

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Kumar Thadhani (Expert) 13 January 2010
Sinceyour bank has earlier cancelled th lien mark the pledge purporting to be as security is automaatically cancelled then such the loan or transaction with your bank is repaid or squared off with your bank it is then the new shares certificates are valid and such you may not require any consent while selling those shares.

ABU FATEH (Querist) 14 January 2010
Hi Kumar
Request you to please provide your contact number,if possible.
We wish to talk and consult with you further in the same context.

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