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Thank You so much Rajesh Sir

Blank Transfer (B. T.) is a system in practice in share market.

"A transfer signed by the transferor, but with a blank for the name of the transferee is called a blank transfer. In a blank transfer neither the transferee’s name and signature nor the date of sale are filed in the transfer form. The transferee is at liberty to sell it again without filling his name and signature to a subsequent buyer. The process of purchase and sale can be repeated any number of times with the blank deed and ultimately when it reaches the hands of one who wants to retain the shares, he can fill in his name and date and get it registered in the company’s books. Until a transferee is so registered as a shareholder the transferor will continue to be the shareholder of the company and he remains liable for the unpaid amount if any.'

http://www.publishyourarticles.net/knowledge-hub/accounting/what-is-blank-transfer.html

Not much difference as you have to pay taxes while buying or selling. However, if you are a trader and like to sell in near future, you will be free from the task of name transfer, which takes sometimes 2/3 months.

Can anybody tell me about B.T ? what are the merits and demerits of purchasing share in B.T. ?