In case any transfer deed relating to transfer of shares has been delivered to company by trans...........

Companies Act-Phase (I & II) Paymentofdividends

In case any transfer deed relating to transfer of shares has been delivered to company by transferor or transferee of the shares for registration but transfer of shares has not been registered by company in the name of transferee and transferor has not authorized the company to pay dividend to transferee, right to dividend shall be:

Cancelled by the company

Kept in Abeyance*

Be given to the transferee

Be given to the transferor

None of the above

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Explanation:

As per section 126 of Companies Act,2013, In case any transfer deed relating to transfer of shares has been delivered to company by transferor or transferee of the shares for registration but transfer of shares has not been registered by company in the name of transferee and transferor has not authorised the company to pay dividend to transferee, right to dividend shall be kept in Abeyance.