HSC Commerce (English Medium) १२ वीं कक्षा - Maharashtra State Board Important Questions

Correct the underlined word and rewrite the following sentence:

Dividend is an obligation to be paid by a company every year.

Correct the underlined word and rewrite the following sentence.

Preference shareholders get dividends from residual profits.

Correct the underlined word and rewrite the following sentence.

Dividend is payable every year, irrespective of the profits made by the company.

Explain the following term/concept.

Final Dividend

Explain the following term/concept.

Rate of Dividend.

Study the following case/situation and express your opinion :

DIAMOND Co. Ltd. is considering to declare Interim Dividend.

1. In how many days of the declaration it should transfer the funds to Dividend Account?
2. In how many days it must pay it to shareholders?
3. In how many days of the declaration it must transfer the funds to the Unpaid Dividend A/c?

Discuss any four features of dividend.

Justify the following statement.

Interim dividend cannot be paid out of free reserves.

Justify the following statement.

Equity shares get last priority in dividend.

Justify the following statement.

Unpaid dividend cannot be used by the company.

Justify the following statement.

Interest is a liability/obligation of the company.

Justify the following statement.

Approval of members is not needed for Interim Dividend.

Answer in brief.

Discuss the rules governing unpaid and unclaimed dividend.

Dividends can be paid out of capital.

Justify the following statement:

Unpaid dividends cannot be used by the company.

Unpaid/unclaimed dividends shall be transferred to Investor Education and Protection fund on expiry of ______ years.

Give one word or phrase for the following sentence:

Latin word for "Dividend".

Justify the following statement.

Unpaid/Unclaimed Dividend is governed by some rules.

Diamond Company Limited is considering to declare Interim Divided:

1. In how many days of declaration it should transfer the funds to Dividend Account?
2. In how many days it must pay it to Shareholders?
3. Can the Board of Directors declare Interim Dividend out of capital?

Study the following case/situation and express your opinion:

GOLD Co. Ltd. declares a dividend of ₹ 10/- per share for F.Y. 2019-20.

1. Is the company under default, if the dividend was not paid within 30 days of its declaration?
2. Is the company right in transferring the unpaid dividend to its Debenture Reserve Account?
3. Does the company have to transfer the amount of unpaid dividends to IEPF after 30 days?