https://www.taxtmi.com/circulars?id=10725 Holders of fractional share coupons are not allottees merely by holding coupons; allottee status arises only upon communication of an allotment by the company and receipt of shares in exchange for those coupons. Interim dividends on the capital represented by the coupons are to be treated as earmarked for whoever later acquires full shares in exchange for the coupons. en-us Wed, 27 Mar 1963 00:00:00 +0530 Thu, 16 Jun 2011 15:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10725 Holders of fractional share coupons are not allottees merely by holding coupons; allottee status arises only upon communication of an allotment by the company and receipt of shares in exchange for those coupons. Interim dividends on the capital represented by the coupons are to be treated as earmarked for whoever later acquires full shares in exchange for the coupons. Circulars Companies Law Wed, 27 Mar 1963 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10725