TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Section 126: Handling dividends, rights and bonus shares when share transfer is lodged but not yet registered</h1> When a share transfer instrument is delivered to a company but the transfer is not yet registered, the company must transfer any dividend on those shares to the Unpaid Dividend Account, unless the registered holder has given written authority to pay the dividend to the transferee. Additionally, the company must keep in abeyance, in relation to such shares, any offer of rights shares and any issue of fully paid-up bonus shares until the transfer is registered. This ensures neither transferor nor transferee improperly benefits during the pendency of registration.
TaxTMI 
TaxTMI 
