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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. - Secretarial Practice

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Question

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.

One Word/Term Answer
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Solution

Number of days within which payment of dividend be completed by company, after its declaration. - 30

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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 C) 7. | Page 153

RELATED QUESTIONS

Dividend once declared cannot be revoked.


Complete the sentence.

Predecided and a fixed rate of dividend is paid to ______.


Answer in one sentence.

Who has right to recommend Dividend?


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.

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.

Explain the following term/concept.

IEPF


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.

Listed Company has to follow additional guidelines on dividend matters.


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


Explain the following term/concept in detail:
Listed Company


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