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प्रश्न
Study the following case/situation and express your opinion:
GOLD Co. Ltd. declares a dividend of ₹ 10/- per share for F.Y. 2019-20.
- Is the company under default, if the dividend was not paid within 30 days of its declaration?
- Is the company right in transferring the unpaid dividend to its Debenture Reserve Account?
- Does the company have to transfer the amount of unpaid dividends to IEPF after 30 days?
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उत्तर
- Yes, the company is under default if it fails to pay the declared dividend within 30 days of its declaration.
- No, the company is not right in transferring unpaid dividends to its Debenture Reserve Account.
- No, the company does not have to transfer unpaid dividends to the IEPF after 30 days; such transfer is required after seven years of unpaid status.
APPEARS IN
संबंधित प्रश्न
Write a word or a term or a phrase which can substitute the following statement.
Request by shareholder in prescribed form for payment of dividend into shareholders bank amount.
State whether the following statement is true or false.
All categories of shareholders get a fixed rate dividend.
State whether the following statement is true or false.
IEPF is the fund created by company.
Complete the sentence.
Dividend can be declared only on recommendation of______.
Complete the sentence.
The meeting at which final dividend is approved is ______.
Complete the sentence.
Predecided and a fixed rate of dividend is paid to ______.
Answer in one sentence.
Who has right to recommend Dividend?
Select the suitable option for the following.
Preference Shares ____________.
Correct the underlined word and rewrite the following sentence.
Dividend must be paid within 60 days of its declaration.
Arrange in Proper Order:
- Recommendation of Dividend
- Checking sufficiency of profits
- Board Meeting
Explain the following term/concept.
IEPF
Study the following case/situation and express your opinion:
GOLD Co. Ltd. declares a dividend of ₹ 10/- per share for F.Y. 2018-19.
- Is company under default, if the dividend was not paid within 30 days of its declaration?
- Is company right in transferring the unpaid dividend to its Debenture Reserve Account?
- Does the company have to transfer the amount of unpaid dividends to IEPF after 30 days?
Justify the following statement.
Listed Company has to follow additional guidelines on dividend matters.
Justify the following statement.
Equity shares get last priority in dividend.
Answer the following question.
Discuss legal provisions for declaration of dividend.
Arrange in Proper Order:
(a) Board Meeting
(b) Shareholder approval
(c) Board's Recommendations
