Blank transfer - 1. Meaning: Transfer deed without date. 2. - TopicsExpress

Blank transfer - 1. Meaning: Transfer deed without date. 2. Procedure for Blank Transfer: The transferor delivers to the buyer (i) share certificate, and (ii) Blank transfer deed. 3. Effects of Blank Transfer: • The buyer may become the owner of such shares • The buyer may transfer such shares 4. Who is Transferee? a. The last holder of blank transfer deed b. Until some buyer is registered the original holder of shares 5. Validity period: A blank transfer shall remain valid only for such period as is prescribed. 6. Why blank transfer? • But in a blank transfer, the seller just fills his name and signs it. • Enable the buyer to sell the shares again to a subsequent buyer • The process of purchase and sale can be repeated any number of times 7. Disadvantages / Evils: • Avoidance of transfer stamps. • Concealment of the identity • Evasion of tax

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