law: Companies Act, 2013 
  126.
  
    Right
  
  to dividend, rights shares and bonus shares to be held in abeyance pending
  
  registration of transfer of shares.
  Where
  
  any instrument of transfer of shares has been delivered to any company for
  
  registration and the transfer of such shares has not been registered by the
  
  company, it shall, notwithstanding anything contained in any other provision of
  
  this Act,—
  a.      transfer the dividend
  
  in relation to such shares to the Unpaid Dividend Account referred to in
  
  section 124 unless the company is authorised by the registered holder of such
  
  shares in writing to pay such dividend to the transferee specified in such
  
  instrument of transfer; and
  b.     keep in abeyance in
  
  relation to such shares, any offer of rights shares under clause (a ) of
  
  sub-section (1 ) of section 62 and any issue of fully paid-up bonus
  
  shares in pursuance of first proviso to sub-section (5 ) of section 123.