धारा 365

Section 365 of the Companies Act, 2013, provides that 'where any share or other interest of a member in a company is transmitted to a person, the right to dividend, rights shares and bonus shares in respect of such share or interest shall be held in abeyance until the transfer of such share or interest is registered in the name of the person to whom it is transmitted.' The section further states that 'the company shall not pay any dividend, rights shares or bonus shares in respect of the share or interest to any person other than the person in whose name the share or interest is registered.' The section aims to ensure that the rights to dividend, rights shares, and bonus shares are held in abeyance until the transfer of shares is registered in the name of the person to whom it is transmitted.