Can NRI pledged shares be transferred or sold?

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No, the pledged shares cannot be transferred or sold.

In case of invocation of pledge, these shares are required to be transferred from the beneficiary's account to the pledgee's account. Thus, until the loan obligation is not fulfilled and the pledge on the shares is not removed, the pledged shares cannot be sold or transferred to anyone.

Topic: NRI Trading Requirements (Accounts for trading in India) Article

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