In a blank transfer, if someone purchases shares through a blank transfer, the voting rights are exercised by the individual who purchased them or the last legal owner (the name mentioned in the share certificate as the seller), and because of stamp duty, people were doing transfers through blank transfers. Hence, is stamp duty really expensive for a person? Or just a nominal amount?

A blank transfer occurs when the transferor signs the share transfer form but leaves the name of the transferee blank. This allows the share certificate and transfer form to be passed on multiple times before finally entering the name of the last purchaser, who then lodges it with the company for registration. Hence, blank transfers were used to avoid formalities and speed up trading, not to save large costs.

Answer given by Shubhamm Sir at 10-Oct-2025 10:33 PM

Vaishnavi Agrawal ( Mathura )

Blank transfer