English

State whether the following statement is true or false. Shareholders decide about the rate and amount of profit to be given as dividend. - Secretarial Practice

Advertisements
Advertisements

Question

State whether the following statement is true or false.

Shareholders decide about the rate and amount of profit to be given as dividend.

Options

  • True

  • False

MCQ
True or False

Solution

The statement is false.

shaalaa.com
Legal Provisions on Dividend
  Is there an error in this question or solution?
Chapter 10: Dividend and Interest - Exercises [Page 153]

APPEARS IN

Balbharati Secretarial Practice [English] 12 Standard HSC Maharashtra State Board
Chapter 10 Dividend and Interest
Exercises | Q 1 D) 6. | Page 153

RELATED QUESTIONS

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

Request by shareholder in prescribed form for payment of dividend into shareholders bank amount.


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.

Dividend is paid to registered shareholders of the company.


Dividend once declared cannot be revoked.


State whether the following statement is true or false.

IEPF is the fund created by company.


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.

Equity Shares ____________.


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.

Dividend is payable every year irrespective of profits made by 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.

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?

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.


Explain the following term/concept in detail:
Listed Company


Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×