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महाराष्ट्र राज्य शिक्षण मंडळएचएससी वाणिज्य (इंग्रजी माध्यम) इयत्ता १२ वी

Dividend once declared cannot be revoked. - Secretarial Practice

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प्रश्न

Dividend once declared cannot be revoked.

पर्याय

  • True

  • False

MCQ
चूक किंवा बरोबर

उत्तर

This statement is True.

Explanation:

Once a dividend is declared by the company’s Board of Directors and approved by the shareholders in the Annual General Meeting (AGM), it becomes a legal obligation and cannot be revoked. The company must pay the declared dividend to eligible shareholders within the prescribed time. Failure to do so can lead to legal consequences under company law.

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Legal Provisions on Dividend
  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 10: Dividend and Interest - Exercises [पृष्ठ १५३]

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बालभारती Secretarial Practice [English] 12 Standard HSC Maharashtra State Board
पाठ 10 Dividend and Interest
Exercises | Q 1 D) 4. | पृष्ठ १५३

संबंधित प्रश्‍न

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 ______.


Answer in one sentence.

Who has right to recommend Dividend?


Select the suitable option for the following.

Preference 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.


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.

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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