company law
This query is : Resolved
03 October 2010
CAN ANYONE EXPLAIN SECTION 206A OF COMPANIES ACT
06 October 2010
Dear Mr. Nikhil
Section 206A deal with the right of shares held in abeyance. It means the ownership of such right is yet to be decide.
This situation arise when a shareholder transfer their share to any one and such shares are pending for transfer and during this tenure any dividend, right shares and bonus are issued by the company, in that situation such shares are hold in abeyance until the transfer will take effect and transfer is registered in the register of member of the company.
Regards
Section 206A deal with the right of shares held in abeyance. It means the ownership of such right is yet to be decide.
This situation arise when a shareholder transfer their share to any one and such shares are pending for transfer and during this tenure any dividend, right shares and bonus are issued by the company, in that situation such shares are hold in abeyance until the transfer will take effect and transfer is registered in the register of member of the company.
Regards
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting our of sec 44AD
- Value of property in capital gain
- Copyright software
- Form 121 & TDS deduction
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Multiple trade mark
- Regarding TDS Applicability For Director Remuneration
- Regarding appeal to GSTAT
- LC charges in relation to Asset purchased should be Capitalised ?
- Transporter Declaration form
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
