Right to dividend suspension when share transfer unregistered: dividend held in unpaid account and share entitlements withheld. Where a share transfer instrument has been delivered but not registered, the company must transfer the related dividend to the Unpaid Dividend Account unless the registered holder authorises payment to the transferee, and must keep in abeyance any offer of rights shares and any issue of fully paid bonus shares in respect of those shares until registration is completed.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Right to dividend suspension when share transfer unregistered: dividend held in unpaid account and share entitlements withheld.
Where a share transfer instrument has been delivered but not registered, the company must transfer the related dividend to the Unpaid Dividend Account unless the registered holder authorises payment to the transferee, and must keep in abeyance any offer of rights shares and any issue of fully paid bonus shares in respect of those shares until registration is completed.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
