Pledging of certificate

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.... the Reserve Bank of India or a scheduled bank or a co-operative society including a co-operative bank; (c) a corporation or a Government company; and (d) a local authority: Provided that an application for such transfer is made by the holder of the certificate and the pledge in the form laid down by the Director General, Posts and Telegraphs. (2) When any certificate is transferred under sub-....

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....rred to . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ." Note 1 : A gazetted officer of the Government accepting the certificate as security under sub-rule (1) or releasing the pledge under sub-rule (4) on behalf of the President or the Governor of a State, shall certify that he is duly authorised under article 299 of the Constitution to execute such ....