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

Write a word or a term or a phrase which can substitute the following statement.

The company which has to intimate stock exchange about declaration of dividend.

Write a word or a term or a phrase which can substitute the following statement.

Dividend declared between two AGMs.

Write a word or a term or a phrase which can substitute the following statement.

Dividend decided and declared by the Board.

Complete the sentence.

Interim dividend is decided and declared by ______.

Complete the sentence.

Payment of Interim Dividend needs to be authorized by ______.

Answer in one sentence.

What is Interim Dividend?

Answer in one sentence.

Who declares Interim Dividend?

Select the suitable option for the following.

____________ Interim Dividend.

Answer in one sentence.

At which Meeting Interim Dividend is decided and declared?

Correct the underlined word and rewrite the following sentence.

Final Dividend is paid between two AGMs.

Arrange in Proper Order:

1. Payment of Interim Dividend
2. Board meeting deciding and declaring Interim Dividend.
3. Authorization of Articles of Association.

Explain the following term/concept.

Interim Dividend

Study the following case/situation and express your opinion:

ABC Co. Ltd. decides to pay Interim Dividend

1. Can it be paid out of free reserves?
2. Is the Board right in declaring the same at the Board Meeting?
3. Should the company distribute the same within 30 days of its declaration?

Study the following case/situation and express your opinion :

RAJ Company limited decides to pay Interim Dividend

1. Is the Board justified to decide Interim Dividend of ₹ 5/per share even though profits till date are insufficient?
2. Can the Board declare it out of Free Reserves?
3. Can the Board declare it out of Capital?

Study the following case/situation and express your opinion :

DIAMOND Co. Ltd. is considering to declare Interim Dividend.

1. In how many days of the declaration it should transfer the funds to Dividend Account?
2. In how many days it must pay it to shareholders?
3. In how many days of the declaration it must transfer the funds to the Unpaid Dividend A/c?

Justify the following statement.

Interim dividend cannot be paid out of free reserves.

Justify the following statement.

AGM is crucial for Final Dividend.

Justify the following statement.

Approval of members is not needed for Interim Dividend.

Explain Interim Dividend.

Study the following case/situation and express your opinion.

1. Can the company issue unsecured debentures?
2. Can they issue irredeemable debentures?
3. As the company is offering debentures to its members, can such debentures have normal voting rights?