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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. 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?
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उत्तर
- Yes, the company is in default if the dividend is not paid within 30 days of its declaration.
- No, the company is not right in transferring the unpaid dividend to its Debenture Reserve Account. It should be transferred to the Unpaid Dividend Account. It is a separate bank account opened in a scheduled bank within 5 days of its declaration.
- No, it does not have to transfer the funds to the IEPF after 30 days. The immediate requirement after 30 days is to transfer the funds to the Unpaid Dividend Account within 7 days. The amount must only be transferred to the Investor Education and Protection Fund (IEPF) if it remains unpaid or unclaimed for a period of 7 years after being transferred to the Unpaid Dividend Account.
APPEARS IN
संबंधित प्रश्न
Dividend once declared cannot be revoked.
State whether the following statement is true or false.
All categories of shareholders get a fixed rate dividend.
Complete the sentence.
Dividend can be declared only on recommendation of______.
Complete the sentence.
Predecided and a fixed rate of dividend is paid to ______.
Select the suitable option for the following.
Govt. Fund ____________.
Select the suitable option for the following.
Preference Shares ____________.
Select the suitable option for the following.
Equity Shares ____________.
Correct the underlined word and rewrite the following sentence.
Preference shareholders are given the last priority in payment of dividend.
Correct the underlined word and rewrite the following sentence.
Dividend is payable every year, irrespective of the profits made by the company.
Arrange in Proper Order:
- Recommendation of Dividend
- Checking sufficiency of profits
- Board Meeting
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.
Dividends can be paid out of capital.
Arrange in Proper Order:
(a) Board Meeting
(b) Shareholder approval
(c) Board's Recommendations
