Explain the following term/concept.Blank Transfer – InterviewSolution

1.	Explain the following term/concept.Blank Transfer
Answer» The Blank transfer means the sale or transfer of securities in which the name of the buyer or transferee is not recorded. When a member signs the Instrument of transfer without filling in the name of the transferee and hands it over to the transferee with the share certificate it is called ‘Blank Transfer. The blank transfer enables easy to purchase and sale of shares as the blank transfer form can be sold any number of times. The intermediate buyers need not pay stamp duty.

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