can anybody please help me to understand
section 126 - right of dividend, right shares and bonus shares to be held in abeyance pending registration of transfer of shares.
i can not able to understand this section from Bare Act.
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declaration and payment of dividend
Replies (2)
if there is dispute regarding real owner then company will stop the payment of divd ,it is called abyence
abeyance means put on hold, if registration of transfer of shares is pending with the company and if any dividend or right shares or bonus is declared then such dividend or right shares or bonus related to the shares will be put on hold untill the shares are transfered or the transfer deed is rejected.
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