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Explain the following term/concept. Final Dividend - Secretarial Practice

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प्रश्न

Explain the following term/concept.

Final Dividend

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उत्तर

Final Dividend is declared and paid after the close of the financial year. It is decided and recommended by the Board of Directors. It is declared by the shareholders in the AGM. It’s declaration does not need authorization by the Articles of Association. It is declared from different sources like; current year’s profits, free reserves, capital profits, Money provided by Govt. for dividend, etc.

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Dividend
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अध्याय 10: Dividend and Interest - Explain the following terms/concepts

APPEARS IN

एससीईआरटी महाराष्ट्र Secretarial Practice [English] 12 Standard HSC
अध्याय 10 Dividend and Interest
Explain the following terms/concepts | Q 3
बालभारती Secretarial Practice [English] Standard 12 Maharashtra State Board
अध्याय 10 Dividend and Interest
Exercises | Q 2.04 | पृष्ठ १५५

संबंधित प्रश्न

Select the correct answer from the options given below and rewrite the statement.
_________ is profit shared by company with a shareholder.


Select the correct answer from the options given below and rewrite the statement.
Dividend should be paid within ________________ days of its declaration


Select the correct answer from the options given below and rewrite the statement.
__________ holders get dividend from residual profits.


Select the correct answer from the options given below and rewrite the statement.
___________ is not linked to profits of the company


Match the pairs.

Group ‘A’ Group ‘B’
a) Dividend 1) Equity Shareholders
b) Interest 2) Appropriation of profit.
c) Interim Dividend 3) Recommendation of Secretary.
d) Final Dividend 4) Registrar of company.
e) Fluctuating Rate of Dividend 5) Obligatory to pay
  6) Decided and Declared by the Board of Directors.
  7) Decided by Board; declared by Members.
  8) Decided by President of India.
  9) Company not allowed to pay.
  10) Declared by Govt. of India

Write a word or a term or a phrase which can substitute the following statement.

The meeting where the final dividend is declared.


Write a word or a term or a phrase which can substitute the following statement.

The shareholders who get dividend at a fixed rate.


Write a word or a term or a phrase which can substitute the following statement.

The shareholders who get dividend at a fluctuating rate.


Complete the sentence.

Dividend is paid to __________.


Answer in one sentence.

What is Dividend?


Answer in one sentence.

What is final Dividend?


Select the correct option from the bracket.

Group ‘A’ Group ‘B’
a) Dividendum 1) ____________
b) Interest 2) ____________
c) ____________ 3) Final Dividend
d) ____________ 4) Interim Dividend
e) Govt. Fund 5) ____________

(Creditors, IEPF, Latin term, At Board Meeting, At AGM)


Select the suitable option for the following.

Dividendum ____________.


Correct the underlined word and rewrite the following sentence.

Special Resolution must be passed to declare Final Dividend


Explain the following term/concept.

Profit


Study the following case/situation and express your opinion :

LMN Co Limited decides to declare a dividend for the financial year 2018-19 in which it has earned profits less than their expectations.

  1. Is Board right in recommending a dividend of Rs. 5/- per share out of free reserves?
  2. Can Board declare the dividend though it is not approved by AGM?
  3. Can the Board give dividends in the form of gifts?

Answer in brief.

State any four points to be kept in mind by a Listed Company with respect to Dividend.


Answer the following question.

Define Dividend and explain its features.


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