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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.
Number of days within which payment of dividend be completed by company, after its declaration.
State whether the following statement is true or false.
Dividend is paid to registered shareholders of the company.
Dividend once declared cannot be revoked.
State whether the following statement is true or false.
Shareholders decide about the rate and amount of profit to be given as dividend.
Answer in one sentence.
Who has right to recommend Dividend?
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.
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.
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.
Arrange in Proper Order:
- Recommendation of Dividend
- Checking sufficiency of profits
- Board Meeting
Arrange in Proper Order:
- Closure of Register of Members.
- Intimate Stock Exchange of Board Meeting.
- Intimate Stock Exchange of declaration 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.
Arrange in Proper Order:
(a) Board Meeting
(b) Shareholder approval
(c) Board's Recommendations
