https://www.taxtmi.com/caselaws?id=97302 Dividend grossing up and the related tax credit were confined to a registered shareholder whose name appeared in the company's register of members. An unregistered transferee holding shares in blank transfer was not treated as a shareholder for the company's dividend payment or credit, even if the transferee had rights against the transferor in private law. The statutory language was directed to the company's relationship with the registered holder, not to equitable or trustee-based claims between transferor and transferee. On that basis, the unregistered transferee could not claim grossing up under section 16(2) or tax credit under section 18(5). en-us Tue, 31 Aug 1954 00:00:00 +0530 Tue, 16 Sep 2014 18:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97302 Dividend grossing up and the related tax credit were confined to a registered shareholder whose name appeared in the company's register of members. An unregistered transferee holding shares in blank transfer was not treated as a shareholder for the company's dividend payment or credit, even if the transferee had rights against the transferor in private law. The statutory language was directed to the company's relationship with the registered holder, not to equitable or trustee-based claims between transferor and transferee. On that basis, the unregistered transferee could not claim grossing up under section 16(2) or tax credit under section 18(5). Case-Laws Companies Law Tue, 31 Aug 1954 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97302