Counter Receipt authorisation governs OTC share transfers and certificate exchange, with fee rules, custody risk, and arbitration enforcement. Form No. 07BB is a Counter Receipt and transfer form for OTC Exchange share transactions that records scrip and transaction details, party particulars, distinctive numbers, signatures and attestations, and permits exchange of the CR for share certificates. It authorises the first holder to transact for all holders, prescribes brokerage and transaction fees, places safe custody risk on the holder, allows transfers under specified holding limits without company reference, and subjects disputes to the exchange arbitration committee with nationwide jurisdiction and specified modes of service.
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Provisions expressly mentioned in the judgment/order text.
Counter Receipt authorisation governs OTC share transfers and certificate exchange, with fee rules, custody risk, and arbitration enforcement.
Form No. 07BB is a Counter Receipt and transfer form for OTC Exchange share transactions that records scrip and transaction details, party particulars, distinctive numbers, signatures and attestations, and permits exchange of the CR for share certificates. It authorises the first holder to transact for all holders, prescribes brokerage and transaction fees, places safe custody risk on the holder, allows transfers under specified holding limits without company reference, and subjects disputes to the exchange arbitration committee with nationwide jurisdiction and specified modes of service.
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