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.
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.