Jaspreet Singh SinghJaspreet Singh asked 2 years ago
2 Answers
RaviRavi Staff answered 2 years ago

Mr A sells shares to Mr B on 1st August
Mr B sends, share certificate + transfer deed to company on 10th August
But company could not execute transfer ever though all documents were proper because of order of court / authority / dispute etc
Record Date 20th August
Company has Mr A as registered shareholder and Mr B as shareholder in waiting, Sec 126 says hold payment of dividend / bonus / right.
it should be given once problem in transfer is resolved and on sellers approval payment will be done to buyer, so interest both parties will be protected. 

Auditaudit Staff answered 2 years ago

Sorry sir but my question was in respect of section 125 in which co. shall inform authority within 30 days of end of financial year in IEPF-6 but the doubt resides in the next step where the authority has to inform CG within 60days of end of f/y. Kndly explain this with the help of eg.

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