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.
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.
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.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.