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Final Dividend is declared by ______. - Secretarial Practice

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Question

Final Dividend is declared by ______.

Options

  • Board of Directors

  • Shareholders

  • Depositors

MCQ
Fill in the Blanks

Solution

Final Dividend is declared by shareholders.

Explanation:

The Board of Directors recommends the final dividend amount. However, the final authority to declare the dividend lies with the shareholders, who approve it in the Annual General Meeting (AGM) as per the Companies Act, 2013. Without shareholder approval, the final dividend cannot be declared.

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Chapter 10: Dividend and Interest - Exercises [Page 151]

APPEARS IN

Balbharati Secretarial Practice [English] 12 Standard HSC Maharashtra State Board
Chapter 10 Dividend and Interest
Exercises | Q 1 A) 5. | Page 151
SCERT Maharashtra Secretarial Practice [English] 12 Standard HSC
Chapter 10 Dividend and Interest
Select the correct answer from the options | Q 3

RELATED QUESTIONS

Select the correct answer from the options given below and rewrite the statement.
Dividend is paid to ___________.


Select the correct answer from the options given below and rewrite the statement.
Dividend should be paid within ________________ days of its declaration


Select the correct answer from the options given below and rewrite the statement.
__________ holders get dividend from residual profits.


Select the correct answer from the options given below and rewrite the statement.
_________ warrant is a cheque containing dividend amount sent by company to the shareholders.


Match the pairs.

Group ‘A’ Group ‘B’
a) Dividend 1) Must inform stock exchange about Dividend declaration
b) Interest 2) Creditors
c) IEPF 3) Registered Shareholders.
d) Unpaid Dividend Account 4) Balance of unpaid Dividend Transferred here.
e) Listed Company 5) Unregistered company.
  6) Non-listed company.
  7) Unpaid/Unclaimed Dividend.
  8) Balance of unpaid Bonus transferred here.
  9) Must inform Government about Dividend declaration.
  10) General Public.

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

The return on investment paid to the shareholders of the company.


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

The meeting where final dividend is declared.


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

The shareholders who get dividend at a fixed rate.


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

The shareholders who get dividend at a fluctuating rate.


State whether the following statement is true or false.

Dividend is decided by the Board.


State whether the following statement is true or false.

Dividend is decided by the shareholders.


Complete the sentence.

Dividend is paid to __________.


Answer in one sentence.

What is final Dividend?


Select the correct option from the bracket.

Group ‘A’ Group ‘B’
a) Dividendum 1) ____________
b) Interest 2) ____________
c) ____________ 3) Final Dividend
d) ____________ 4) Interim Dividend
e) Govt. Fund 5) ____________

(Creditors, IEPF, Latin term, At Board Meeting, At AGM)


Select the correct option from the bracket.

Group ‘A’ Group ‘B’
a) Preference Shares 1) ____________
b) Equity Shares 2) ____________
c) Deposit holders 3) ____________
d) ____________ 4) Payment of Dividend
e) ____________ 5) Dividend Declared but not paid/claimed

(Unclaimed/Unpaid Dividend, Fixed rate Dividend, Dividend at a Fluctuating Rate, Interest, Within 30 days)


Explain the following term/concept.

Profit


Explain the following term/concept.

Dividend


Explain the following term/concept.

Rate of Dividend.


Answer the following question.

Define Dividend and explain its features.


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