https://www.taxtmi.com/caselaws?id=302301 A pledge of shares, absent a contract to the contrary, does not transfer general property in the shares to the pawnee; the pawnee has only a special property and a right to retain and, on default, to sell after notice. As the pledged shares were not sold and no agreement excluded the pawner's rights, accretions arising from the shares remained with the pawner. The pledge therefore did not extend to accrued dividends or to bonus and right shares, and the pawner was held entitled to those accretions. en-us Thu, 13 Feb 1969 00:00:00 +0530 Sat, 14 May 2022 10:16:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302301 A pledge of shares, absent a contract to the contrary, does not transfer general property in the shares to the pawnee; the pawnee has only a special property and a right to retain and, on default, to sell after notice. As the pledged shares were not sold and no agreement excluded the pawner's rights, accretions arising from the shares remained with the pawner. The pledge therefore did not extend to accrued dividends or to bonus and right shares, and the pawner was held entitled to those accretions. Case-Laws Indian Laws Thu, 13 Feb 1969 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302301