HSC Commerce (English Medium) 12th Standard Board Exam - Maharashtra State Board Question Bank Solutions for Secretarial Practice

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.

Dividend can be declared only on recommendation of______.

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 ______.

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 :

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?

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.

Justify the following statement.

Equity shares get last priority in dividend.