Generally entries n the "Register of Members "may take some time. However, the transferee's right to dividend, Bonus Shares, Right shares etc, stands fully protected. However, the transfer deed must have been delivered to the company before the record date or book closure; otherwise this benefit would be lost. It should be noted that the transferee can get the dividend in respect of shares under transfer, only if he secures a mandate therefore from the transferor and produces the same before the company (sect 206 A)

 

Where dividend has already been declared, the transferee (buyer, whose name is not registered), may lodge the shares and other relevant documents, with the company, for being registered in his name, within 15 days from the date when dividend became due.