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Chapters
2: Sources of Corporate Finance
3: Issue of Shares
4: Issue of Debentures
5: Deposits
6: Correspondence with Members
7: Correspondence with Debentureholders
8: Correspondence with Depositors
9: Depository System
▶ 10: Dividend and Interest
11: Financial Market
12: Stock Exchange
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Solutions for Chapter 10: Dividend and Interest
Below listed, you can find solutions for Chapter 10 of Maharashtra State Board Balbharati for Secretarial Practice [English] 12 Standard HSC Maharashtra State Board.
Balbharati solutions for Secretarial Practice [English] 12 Standard HSC Maharashtra State Board 10 Dividend and Interest Exercises [Pages 151 - 157]
Select the correct answer from the options given below and rewrite the statement.
Dividend is paid to ___________.
Shareholder
Debentureholder
Depositor
Select the correct answer from the options given below and rewrite the statement.
_________ is profit shared by company with a shareholder.
Interest
Rent
Dividend
Dividend is recommended by ______________.
Managing Director
Secretary
Board of Directors
Interim Dividend is declared by ______________.
Board of Directors
Debentureholders
Depositors
Final Dividend is declared by ______.
Board of Directors
Shareholders
Depositors
Dividend cannot be declared out of ______________.
Capital
Profit
Reserves
Select the correct answer from the options given below and rewrite the statement.
Dividend amount should be transferred in a separate Bank Account within ____________ days of its declaration
5
15
15
Select the correct answer from the options given below and rewrite the statement.
Dividend should be paid within ________________ days of its declaration
3
13
30
Select the correct answer from the options given below and rewrite the statement.
__________ holders get dividend from residual profits.
Equity share
Preference share
Debenture
The dividend is paid first to ______ shareholders.
Equity
Preference
Deferred
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.
Dividend
Share
Interest
Select the correct answer from the options given below and rewrite the statement.
IEPF is created by ______________ where unpaid dividend is transferred by company.
Central Govt.
Company
Shareholders
Payment of __________ Dividend must be authorized by the Articles of Association.
Interim
Final
Bonus
______ is a return paid to creditors by the company.
Dividend
Interest
Rent
Select the correct answer from the options given below and rewrite the statement.
___________ is not linked to profits of the company
Dividend
Interest
Bonus
Match the pairs.
| Group ‘A’ | Group ‘B’ |
| a) Dividend | 1) Equity Shareholders |
| b) Interest | 2) Appropriation of profit. |
| c) Interim Dividend | 3) Recommendation of Secretary. |
| d) Final Dividend | 4) Registrar of company. |
| e) Fluctuating Rate of Dividend | 5) Obligatory to pay |
| 6) Decided and Declared by the Board of Directors. | |
| 7) Decided by Board; declared by Members. | |
| 8) Decided by President of India. | |
| 9) Company not allowed to pay. | |
| 10) Declared by Govt. of India |
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 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.
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.
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.
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.
Write a word or a term or a phrase which can substitute the following statement.
The return paid to the creditors by the company.
State whether the following statement is true or false.
Dividend is paid to registered shareholders of the company.
True
False
State whether the following statement is true or false.
Dividend is decided by the Board.
True
False
State whether the following statement is true or false.
Dividend is decided by the shareholders.
True
False
Dividend once declared cannot be revoked.
True
False
State whether the following statement is true or false.
Dividend cannot be paid out of capital.
True
False
State whether the following statement is true or false.
Shareholders decide about the rate and amount of profit to be given as dividend.
True
False
State whether the following statement is true or false.
All categories of shareholders get a fixed rate dividend.
True
False
State whether the following statement is true or false.
IEPF is the fund created by company.
True
False
State whether the following statement is true or false.
Interest is a liability for company.
True
False
State whether the following statement is true or false.
Interest is paid to shareholders of company.
True
False
Find the odd one.
Final Dividend
Interim Dividend
Interest
Find the odd one.
Out of Capital
Out of free reserve
Out of money given by government
Find the odd one.
Dividend Account
Dividend Mandate
unpaid/unclaimed dividend Account
Find the odd one.
Dividend warrant
Dividend Mandate
Cheque
Complete the sentence.
Word dividend is derived from Latin term ______.
Complete the sentence.
Dividend is paid to __________.
Complete the sentence.
Dividend can be declared only on recommendation of______.
Complete the sentence.
Dividend must be paid in______.
Complete the sentence.
The meeting at which final dividend is approved is ______.
Complete the sentence.
Dividend cannot be paid out of ______.
Complete the sentence.
Interim dividend is decided and declared by ______.
Complete the sentence.
Predecided and a fixed rate of dividend is paid to ______.
Complete the sentence.
Payment of dividend must be completed within ______.
Complete the sentence.
Payment of Interim Dividend needs to be authorized by ______.
Complete the sentence.
The obligatory payment made by company to its creditors is called as ______.
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)
Answer in one sentence.
What is Dividend?
Answer in one sentence.
Who has right to recommend Dividend?
Answer in one sentence.
What is final Dividend?
Answer in one sentence.
What is Interim Dividend?
Answer in one sentence.
Who declares Interim Dividend?
Answer in one sentence.
Which shares get dividend at a fixed rate?
Answer in one sentence.
Which shares get dividend at a fluctuating rate?
Answer in one sentence.
At which Meeting Interim Dividend is decided and declared?
Answer in one sentence.
What is Interest?
Answer in one sentence.
State the time within which Unpaid Dividend be transferred to unpaid dividend Account?
Correct the underlined word and rewrite the following sentence.
Dividend is paid to creditors.
Correct the underlined word and rewrite the following sentence.
Interest is paid to shareholders.
Correct the underlined word and rewrite the following sentence.
Final Dividend is paid between two AGMs.
Correct the underlined word and rewrite the following sentence.
Special Resolution must be passed to declare Final Dividend
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.
The Dividend to be paid should be transferred to Dividend A/c within 30 days of its declaration.
Correct the underlined word and rewrite the following sentence:
Dividend is an obligation to be paid by a company every year.
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.
Correct the underlined word and rewrite the following sentence.
Dividend is payable every year irrespective of profits made by company.
Arrange in Proper Order:
- Recommendation of Dividend
- Checking sufficiency of profits
- Board Meeting
Arrange in Proper Order:
- Transfer to Dividend Account
- Transfer to IEPF
- Transfer to Unpaid Dividend Account
Arrange in Proper Order:
- Closure of Register of Members.
- Intimate Stock Exchange of Board Meeting.
- Intimate Stock Exchange of declaration of dividend.
Arrange in Proper Order:
- Decision on Rate of Dividend
- Transfer to IEPF
- Payment of Dividend.
Arrange in Proper Order:
- Payment of Interim Dividend
- Board meeting deciding and declaring Interim Dividend.
- Authorization of Articles of Association.
Explain the following term/concept.
Profit
Explain the following term/concept.
Dividend
Explain the following term/concept.
Interest
Explain the following term/concept.
Final Dividend
Explain the following term/concept.
Interim Dividend
Explain the following term/concept.
Unpaid Dividend
Explain the following term/concept.
Unpaid Dividend Account
Explain the following term/concept.
Dividend Mandate
Explain the following term/concept.
IEPF
Explain the following term/concept.
Rate of Dividend.
Study the following case/situation and express your opinion :
LMN Co Limited decides to declare a dividend for the financial year 2018-19 in which it has earned profits less than their expectations.
- Is Board right in recommending a dividend of Rs. 5/- per share out of free reserves?
- Can Board declare the dividend though it is not approved by AGM?
- Can the Board give dividends in the form of gifts?
Study the following case/situation and express your opinion :
ABC Co. Ltd. decides to pay Interim Dividend
- Can it be paid out of free reserves?
- Is the Board right in declaring the same at the Board Meeting?
- Can 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
- Is the Board justified to decide Interim Dividend of ₹ 5/per share even though profits till date are insufficient?
- Can the Board declare it out of Free Reserves?
- 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.
- In how many days of the declaration it should transfer the funds to Dividend Account?
- In how many days it must pay it to shareholders?
- In how many days of the declaration it must transfer the funds to the Unpaid Dividend A/c?
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.
- Is it justified to pay the dividend firstly to its Preference Shareholders and then after to Equity Shareholders?
- Is the AGM required to approve the same?
- Can the company pay dividend in cash?
Study the following case/situation and express your opinion:
GOLD Co. Ltd. declares a dividend of ₹ 10/- per share for F.Y. 2018-19.
- Is company under default, if the dividend was not paid within 30 days of its declaration?
- Is company right in transferring the unpaid dividend to its Debenture Reserve Account?
- Does the company have to transfer the amount of unpaid dividends to IEPF after 30 days?
Distinguish between the following:
Interim dividend and Final dividend.
Distinguish between the following:
Dividend and Interest
Answer in brief.
State any four points to be kept in mind by a Listed Company with respect to Dividend.
Answer in brief.
Discuss any four features of dividend.
Explain the features of Interest.
Justify the following statement.
Dividend is paid out of profits of the company.
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.
Listed Company has to follow additional guidelines on dividend matters.
Justify the following statement.
Equity shares get last priority in dividend.
Justify the following statement.
Unpaid dividend cannot be used by the company.
Justify the following statement.
Interest is a liability/obligation of the company.
Justify the following statement.
Approval of members is not needed for Interim Dividend.
Answer the following question.
Define Dividend and explain its features.
Answer the following question.
What is Interest? Explain its features.
Answer the following question.
Discuss legal provisions for declaration of dividend.
Explain Interim Dividend.
Solutions for 10: Dividend and Interest
Balbharati solutions for Secretarial Practice [English] 12 Standard HSC Maharashtra State Board chapter 10 - Dividend and Interest
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Concepts covered in Secretarial Practice [English] 12 Standard HSC Maharashtra State Board chapter 10 Dividend and Interest are Dividend, Legal Provisions on Dividend, Unpaid and Unclaimed Dividend, Modes of Payment of Dividend, Interim Dividend, Interest.
Using Balbharati Secretarial Practice [English] 12 Standard HSC Maharashtra State Board solutions Dividend and Interest exercise by students is an easy way to prepare for the exams, as they involve solutions arranged chapter-wise and also page-wise. The questions involved in Balbharati Solutions are essential questions that can be asked in the final exam. Maximum Maharashtra State Board Secretarial Practice [English] 12 Standard HSC Maharashtra State Board students prefer Balbharati Textbook Solutions to score more in exams.
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