Overview

Service Name

Share Pledge

Share Pledge

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

Details

RequesterGeneral Manager or Appointed Legal Representative
Service DeliverablesRegistry 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 Deliver2 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 DocumentsFor Registration:
  • Original signedShare Pledge Agreement
  • Original signedShare 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:
  • OriginalShare 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
NotesPower of Attorney is required to be Notarized by Notary Public & Attested by UAE Embassy.
  • Online
  • Customer Service
Online
Apply
Apply
  • Login toaxs portal
  • Create new service request.
  • Select Service Name: Share Pledge
  • Complete the application.
  • Upload the required documents.
Pay
Pay Fees
  • Pay the applicable fees.
  • Acknowledgement of receiving application will be sent.
Feedback
Receive Feedback
  • Receive feedback within the estimated time.
Customer Service
Apply
Apply
  • Approach DDA’s customer service center (location)
  • Submit the required documents.
Pay
Pay Fees
  • Pay the applicable fees.
  • Acknowledgement of receiving application will be sent.
Feedback
Receive Feedback
  • Receive feedback within the estimated time.