https://www.taxtmi.com/caselaws?id=199138 Deposit of share certificates with blank transfer deeds as security may amount to a mortgage of shares, not merely a pledge, where the surrounding conduct shows an intention to transfer the shares. In that situation, authority to complete the blank transfers can be implied from the transaction itself, and the transferee may acquire a valid legal title capable of registration. A completed transfer is not defeated simply because the order sanctioning registration was made ex parte, if there is no basis to recall or vacate it. The bank's right to complete the transfers and obtain registration was therefore upheld, and the attempt to set aside the prior sanction failed. en-us Mon, 08 Nov 1954 00:00:00 +0530 Wed, 21 Feb 2018 12:41:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=199138 Deposit of share certificates with blank transfer deeds as security may amount to a mortgage of shares, not merely a pledge, where the surrounding conduct shows an intention to transfer the shares. In that situation, authority to complete the blank transfers can be implied from the transaction itself, and the transferee may acquire a valid legal title capable of registration. A completed transfer is not defeated simply because the order sanctioning registration was made ex parte, if there is no basis to recall or vacate it. The bank's right to complete the transfers and obtain registration was therefore upheld, and the attempt to set aside the prior sanction failed. Case-Laws Companies Law Mon, 08 Nov 1954 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=199138