Pledging of certificate

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....ial capacity ; (b) 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 ^1[pledgee] in the form laid down by the ^2[Director General, Posts.] ....

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....cate :- ''Re-transferred 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 instruments or deeds o....

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....e, no space is left for making further endorsements of a like character on that certificate, a fresh certificate may be issued by the Postmaster of the office of registration in lieu of such certificate. (6) A fresh certificate issued under sub-rule (5) shall be treated as equivalent to the certificate in lieu of which it has been issued for all the purposes of these rules.     ....