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प्रश्न
Dividend once declared cannot be revoked.
पर्याय
True
False
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उत्तर
This statement is True.
Explanation:
Once a dividend is declared by the company’s Board of Directors and approved by the shareholders in the Annual General Meeting (AGM), it becomes a legal obligation and cannot be revoked. The company must pay the declared dividend to eligible shareholders within the prescribed time. Failure to do so can lead to legal consequences under company law.
संबंधित प्रश्न
State whether the following statement is true or false.
Dividend is paid to registered shareholders of the company.
State whether the following statement is true or false.
IEPF is the fund created by company.
Complete the sentence.
The meeting at which final dividend is approved is ______.
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.
Correct the underlined word and rewrite the following sentence.
Preference shareholders are given the last priority in payment of dividend.
Explain the following term/concept.
IEPF
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.
Dividends can be paid out of capital.
Arrange in Proper Order:
(a) Board Meeting
(b) Shareholder approval
(c) Board's Recommendations
Explain the following term/concept in detail:
Listed Company
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?
