Investor fund transfer rule prevents transfer of shares to investor protection fund if dividend paid or claimed during period. Amendment redefines the transfer trigger to the Investor Education and Protection Fund so that a share is subject to transfer where a dividend has not been paid or claimed for seven consecutive years or more, and inserts an explanation that if any dividend is paid or claimed for any year during that seven year period the share shall not be transferred.
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.
Investor fund transfer rule prevents transfer of shares to investor protection fund if dividend paid or claimed during period.
Amendment redefines the transfer trigger to the Investor Education and Protection Fund so that a share is subject to transfer where a dividend has not been paid or claimed for seven consecutive years or more, and inserts an explanation that if any dividend is paid or claimed for any year during that seven year period the share shall not be transferred.
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