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State whether the following statement is true or false. Dividend is paid to registered shareholders of the company. - Secretarial Practice

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Question

State whether the following statement is true or false.

Dividend is paid to registered shareholders of the company.

Options

  • True

  • False

MCQ
True or False
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Solution

The statement is true.

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Legal Provisions on Dividend
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Chapter 10: Dividend and Interest - Exercises [Page 153]

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Balbharati Secretarial Practice [English] Standard 12 Maharashtra State Board
Chapter 10 Dividend and Interest
Exercises | Q 1 D) 1. | Page 153

RELATED QUESTIONS

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.


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.

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.

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 ____________.


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:

  1. Recommendation of Dividend
  2. Checking sufficiency of profits
  3. Board Meeting

Arrange in Proper Order:

  1. Closure of Register of Members.
  2. Intimate Stock Exchange of Board Meeting.
  3. Intimate Stock Exchange of declaration of dividend.

Study the following case/situation and express your opinion: 

GOLD Co. Ltd. declares a dividend of ₹ 10/- per share for F.Y. 2018-19.

  1. Is company under default, if the dividend was not paid within 30 days of its declaration?
  2. Is 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?

Justify the following statement.

Equity shares get last priority in dividend.


Dividends can be paid out of capital.


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