Download App

Correspondence with Members — Secretarial Practice STD 12 Commerce / Arts — Question

Maharashtra BoardEnglish MediumSTD 12 Commerce / ArtsSecretarial PracticeCorrespondence with Members4 Marks
Question
Registered shareholders get dividends through dividend warrants or electronically.
✓

Answer

  • The dividend is the portion of profits of the company which is distributed to the shareholders of the company.
  • Dividend can be paid through dividend warrant or by means of electronic mode i.e. ECS or NEFT, etc only to the registered shareholders.
  • The dividend is paid through dividend coupons to share warrant holders. Share warrant is a bearer document of title to shares.
  • The letter contains a number of equity shares held, dividend warrant number, gross dividend, TDS if any, the net amount of dividend, etc.
  • Thus, it is rightly said that the registered shareholders get dividends through dividend warrants or electronically.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "Justify the following statement." from Correspondence with Members→Correspondence with Members — all question types→Secretarial Practice STD 12 Commerce / Arts question papers→Maharashtra Board STD 12 Commerce / Arts question papers→Maharashtra Board question paper generator→

Similar questions

Interest is a debt.
→
The rate of interim dividend is lesser than final dividend.
→
The firm has multiple choices of sources of financing.
→
Company has to fulfill certain provisions while making Right Issue.
→
Listed Company has to follow additional guidelines on dividend matters.
→
There is a limit or restriction on the amount that a company can collect as Deposits.
→
    • Annual General Meeting (AGM) is crucial for Final Dividend.
      OR
      The final Dividend is declared only after the accounts are prepared and finalized.
→
There are certain circumstances when a secretary has to correspond with debenture holders.
→
Debenture trustees are appointed by a company issuing debentures.
→
Money Market makes available short-term finance through different instruments.
→