Podcast
Questions and Answers
When is the final dividend paid for all companies?
When is the final dividend paid for all companies?
- Within thirty days of the end of the financial year
- Within thirty days of the approval of annual financial statements
- Within thirty days of the date of annual general meeting (correct)
- Within thirty days of the date of directors meeting
What is the purpose of an interim dividend?
What is the purpose of an interim dividend?
- To provide a dividend if the company's profits increase
- To provide a dividend in addition to the final dividend
- To provide a dividend if the annual financial statements are not approved
- To provide a dividend before the end of the year (correct)
Who approves the amount of final dividend?
Who approves the amount of final dividend?
- Members in annual general meeting (correct)
- Shareholders in a special meeting
- Board of directors
- Company executives
When must the interim dividend be paid if share transfer books were not closed for this purpose?
When must the interim dividend be paid if share transfer books were not closed for this purpose?
What is the restriction on declaration of dividend according to Sec 240 o?
What is the restriction on declaration of dividend according to Sec 240 o?
Who appoints the first auditor of a company and within what timeframe?
Who appoints the first auditor of a company and within what timeframe?
When does the first auditor appointed by the board retire?
When does the first auditor appointed by the board retire?
How is the subsequent auditor of a company proposed and appointed?
How is the subsequent auditor of a company proposed and appointed?
Under what circumstances would a casual vacancy for an auditor remain unfilled, and what action is taken in such a case?
Under what circumstances would a casual vacancy for an auditor remain unfilled, and what action is taken in such a case?
What are the provisions for the retirement and reappointment of auditors in a company?
What are the provisions for the retirement and reappointment of auditors in a company?