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of <h1>Companies Must Hold Dividends, Rights Shares, and Bonuses in Abeyance Until Share Transfer Registration is Complete</h1> When a company receives an instrument of transfer for shares, and the transfer is not yet registered, the company must hold the related dividend, rights shares, and bonus shares in abeyance. The dividend should be transferred to a special account unless the registered holder authorizes payment to the transferee. Additionally, any offer of rights shares or issue of fully paid-up bonus shares must also be kept in abeyance until the registration of the transfer is complete. This provision ensures that share entitlements are properly managed during the transfer process.
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