The pledge request is available to pledgee’s DP through Depository system. The pledgee will have to submit instructions to its DP for acceptance or rejection of pledge request by filling up the pledge request form accordingly. If pledgee has given standing instructions to accept the pledges created in its favor to its DP, then pledgee need not submit an instruction to accept the pledge to its DP separately. Pledged shares are the shares that an investor gives on a temporary basis to a lender, like a bank or broker, instead of getting a loan. This basically refers to a promise, which means the lender is allowed to sell such shares if the borrower fails to pay back the loan. • The pledge request is available to pledgee’s DP through Depository system. The pledgee will have to submit instructions to its DP for acceptance or rejection of pledge request by filling up the pledge request form accordingly. If pledgee has given standing instructions to accept the pledges created in its favor to its DP, then pledgee need not submit an instruction to accept the pledge to its DP separately. The pledge request needs to be verified on the CDSL side on the same day when you had requested for Margin Pledge, If in case you fail to verify the CDSL process then the very next day again you will have to place a fresh Pledge request and follow the steps subsequently.
