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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. - Secretarial Practice

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Question

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.

One Word/Term Answer
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Solution

Request by shareholder in prescribed form for payment of dividend into shareholders bank amount. - Dividend Mandate

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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) 6. | Page 153

RELATED QUESTIONS

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.

Shareholders decide about the rate and amount of profit to be given as dividend.


Complete the sentence.

The meeting at which final dividend is approved is ______.


Complete the sentence.

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


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 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 :

The Board of Directors of STAR Co. Ltd. which is a listed company recommends a dividend of ₹ 15/- per share to be paid in cash.

  1. Is it justified to pay the dividend firstly to its Preference Shareholders and then after to Equity Shareholders?
  2. Is the AGM required to approve the same?
  3. Can the company pay dividend in cash?

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


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