Multiple Pledge Transactions is possible between same persons based on a single agreement. In such cases agreement number should be quoted in all transactions. Entering Agreement number is optional in CDSL. Each of these transactions are identified by a unique system generated number (
A pledgor (borrower) and pledgee (lender) may have their accounts with the same DP or different DPs. The procedure described does not change
Corporate Benefits like Dividend, Bonus etc. flows to Pledgor, . All the Corporate benefits are also locked, 9.
Pledgor and Pledgee should hold DEMAT A/c with same Depository. Interdepository PLEDGE is not possible as of now.
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