Unclaimed dividend and share transfer rules updated by inserting Authority terminology and linking unpaid dividend to transferred shares. Amendment of section 124 expands the treatment of shares transferred after seven years by linking the transfer with any unpaid or unclaimed dividend. It ... Summary
Unclaimed dividend and share transfer rules updated by inserting Authority terminology and linking unpaid dividend to transferred shares.
Amendment of section 124 expands the treatment of shares transferred after seven years by linking the transfer with any unpaid or unclaimed dividend. It also inserts the word "Authority" after "Fund" in sub-section (6), its proviso and the Explanation, aligning the terminology in the provision governing the relevant Fund and Authority.
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