Pledging of certificate

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..... tificate as security to,— (a) the President of India or Governor of a State in his official 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; [***] [(d) a local authority; and (e) a housing finance company approved by the National Housing Bank and notified by the Central Gover .....

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..... e holder of the certificate. (4) A certificate transferred under sub-rule (2) may, on the written authority of the pledgee, be re-transferred with the previous sanction in writing of the authorised postmaster and when any such re-transfer is made, the postmaster of the office of registration shall make the following endorsement on the certifi cate, namely:— "Re-transferred to....." Note 1: .....

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..... (4) on behalf of the respective institution, shall certify under his dated signature and seal of office that he is duly authorised under the articles of the said institution, to execute such instruments or deeds on its behalf. (5) Where as a result of several endorsements made under sub-rules (2) and (4) on a certificate, no space is left for making further endorsements of a like character on t .....

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