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 .
What We Do

Our Services

Direct Taxes

All areas of taxation : Personal Tax, Corporate Tax. | Suggesting legal structure of business entities. | Transactional advisory - optimal deal structure | T

Indirect Taxes

Advising client on establishment of indirect tax management system, in all areas i.e. GST Audit, Customs, Foreign Trade P

Auditing and Assurance Service

We are blessed with team of qualified chartered accountants highly efficient in auditing and assurance services. Our wide range of services are aimed for financial sta

Accounting Services

We offer highly efficient accounting services which are provided by us for our local, national and international clients. We also offer design, implementation and revi

Societies and Trust Consultanc

We are engaged in providing societies and trust consultancy to our clients. Our wide range of services include formation, registration U/s

Company Law Matters Consultanc

Every company according to the India law need to register with the registrar of companies and it is also necessary with documents for vari

CONSULTATION

Client Login

CONSULTATION

ASK A QUERY

verification image, type it in the box Refresh Captcha