Gautam Joshi (ABC) 11 April 2016
Dear Forum,
Can possession of share certificate with declaration writen on simple paper (not stamp paper) to transfer share certificates in my name by the owner, give me title rights.
If yes, please specify the act and section under which i can claim the title rights.
Thanking you in adfvance.
hrmacharla 11 April 2016
No! Share Certificate is not a Negotiable Instrument, simple possession of it will not create any right in it. Written Promise of the owner to transfer share certificates in your favour is not enforceable under law.
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