Overview

Service Name

Share Pledge

Description This service enables the company to register, amend or terminate the share pledge

Details

Requester General Manager or Appointed Legal Representative
Service Deliverables Registry of Security
Service Request Channels
  • Online
  • Customer Service Center at Dubai Studio City - Commercial Building 1 - Ground Floor
  • Dubai Knowledge Park - Block 8 - Ground Floor
Service Hours
  • Online: 24/7
  • Customer Service Centre:

     Monday to Thursday from 7:30 am to 2:30 pm.

     Friday from 7:30 am to 12 pm.

Estimated Time to Deliver 2 Working Days
Service Fees
  • AED 3000 per transaction

An additional fee of AED 10 as “Knowledge Dirham” and AED 10 as “Innovation Dirham” is applicable per transaction

Required Documents For Registration:
  • Original signed Share Pledge Agreement
  • Original signed Share Pledge Registration application
  • RICC Form (Registry Identification Code Form - Corporate) from Bank/Finance institute
  • Copy of license or Registration Certificate of Bank/Finance Institute
  • Endorsed share certificates.
  • Original Powers of Attorney (POA) and/or Authorizing Resolutions
  • Passport copies and Emirates ID for the persons signing on behalf of the Pledgor and Pledgee
For Amendment:
  • Original Share Pledge Registration Amendment Application Form
  • Original Amendment to the existing Share Pledge Agreement
  • Endorsement of the new share certificate
  • Original Powers of Attorney (POA) and/or Authorizing Resolutions
  • Passport copies and Emirates ID for the persons signing on behalf of the Pledgor and Pledgee
For Termination:
  • Share pledge registration termination application
  • Original or true copy of the POA of bank, granting authority to the signatory to sign documents on behalf of the bank with respect to release of share pledge
  • Passport copy and ID for the attorney
  • Release letter from Bank
Notes Power of Attorney is required to be Notarized by Notary Public & Attested by UAE Embassy.