https://www.taxtmi.com/acts?id=36731 Pledging allows transfer of National Savings Certificates as security to specified public and financial entities upon application by transferor and transferee; transfers involving minors require parental or guardian certification. The Postmaster must endorse certificates transferred as security. A pledgee is deemed the holder until re-transfer, which requires the pledgee's written authority and the authorised Postmaster's prior written sanction with an endorsement. Authorised officers must certify their authority when accepting or releasing pledges. If endorsement space is exhausted, a fresh certificate may be issued and treated as equivalent to the original. en-us Mon, 01 Jul 2019 12:40:42 +0530 Wed, 06 Nov 2024 16:15:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=36731 Pledging allows transfer of National Savings Certificates as security to specified public and financial entities upon application by transferor and transferee; transfers involving minors require parental or guardian certification. The Postmaster must endorse certificates transferred as security. A pledgee is deemed the holder until re-transfer, which requires the pledgee's written authority and the authorised Postmaster's prior written sanction with an endorsement. Authorised officers must certify their authority when accepting or releasing pledges. If endorsement space is exhausted, a fresh certificate may be issued and treated as equivalent to the original. Act-Rules Direct Taxes Mon, 01 Jul 2019 12:40:42 +0530 https://www.taxtmi.com/acts?id=36731