NAVIGATION
Home
Services
About Us
Contact Us
Partners
Company Profile
Ask a Query
My Documents
Admin Login
 

Right to dividend, rights shares and bonus shares to be held in abeyance pending registration of transfer of shares

 Where any instrument of transfer of shares has been delivered to any company for registration and the transfer of such shares has not been registered by the company, it shall, notwithstanding anything contained in any other provision of this Act,—

 

(a)   transfer the dividend in relation to such shares to the Unpaid Dividend Account referred to in unless the company is authorised by the registered holder of such shares in writing to pay such dividend to the transferee specified in such instrument of transfer; and
(b)   keep in abeyance in relation to such shares, any offer of rights shares under clause (a) of sub-section (1) of and any issue of fully paid-up bonus shares in pursuance of first proviso to sub-section (5) of .
Total Visitors: 687188 Copyrights © S. Sahoo & Co. All Rights Reserved. Powered By Aem Solutions