https://www.taxtmi.com/acts?id=8405 Para 7 permits a depositor to pledge or transfer an account as security via Form 4 and the pledgee's acceptance. It lists permissible transferees, requires guardian certification for transfers involving minors or persons of unsound mind, and mandates authorised officer endorsements reading "Transferred as security..." and "Re transferred to...". The transferee is deemed the depositor until authorised retransfer, which requires the transferee's written authority and the authorised officer's prior written sanction. Blind or physically infirm depositors may pledge through an authorised literate individual. en-us Mon, 18 Feb 2008 13:01:11 +0530 Fri, 02 Jan 2026 11:22:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=8405 Para 7 permits a depositor to pledge or transfer an account as security via Form 4 and the pledgee's acceptance. It lists permissible transferees, requires guardian certification for transfers involving minors or persons of unsound mind, and mandates authorised officer endorsements reading "Transferred as security..." and "Re transferred to...". The transferee is deemed the depositor until authorised retransfer, which requires the transferee's written authority and the authorised officer's prior written sanction. Blind or physically infirm depositors may pledge through an authorised literate individual. Act-Rules Direct Taxes Mon, 18 Feb 2008 13:01:11 +0530 https://www.taxtmi.com/acts?id=8405