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प्रश्न
Dividend can be paid on advance amount of calls received.
उत्तर
Ans. False:
Reasons:
(1) By dividend we mean the return paid to a shareholder out of profits distributed by the company.
(2) Call amount is paid towards unpaid value of shares in case of partly paid shares.
(3) For some reasons, a share older may decide to make advance payment of calls for his own convenience.
(4) Dividend is paid on paid - up value of shares; uniformly to all the shareholders of company.
(5) If the Articles of company permit, interest may be paid on advances made towards calls.
(6) But, there is no provision to pay dividend on the advance payment of calls.
APPEARS IN
संबंधित प्रश्न
State, with reasons, whether the following statements are True or False
No dividend can be declared without making provisions for reserve and depreciation.
Select the proper option from the options given below and rewrite the sentence:
The dividend is calculated and paid on ___________ capital.
Explain the Procedure for payment of dividends.
