CAF-7 | Ch-9 | Distribution of Profits
CAF-7 Ch-9 Distribution of profits
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COMPANY LAW Quiz offered for the ICAP CA students.
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Question 1 of 10
1. Question
1 pointsCategory: CAF7The chief executive officer of every company is responsible to make the payment of cash dividend within a period of __________________ from the date of its declaration.
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Question 2 of 10
2. Question
1 pointsCategory: CAF7A company may, on giving not less than ________ previous notice closes its register of members, for any period or periods not exceeding in the whole ____________ in each year.
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Question 3 of 10
3. Question
1 pointsCategory: CAF7The amount of final dividend is proposed by directors and approved by
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Question 4 of 10
4. Question
1 pointsCategory: CAF7The interim dividend may be proposed and paid before the end of the year by the
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Question 5 of 10
5. Question
1 pointsCategory: CAF7The dividend is proposed by the directors. The members may
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Question 6 of 10
6. Question
1 pointsCategory: CAF7Dividend warrants are a type of crossed cheque and can be credited into bank account of
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Question 7 of 10
7. Question
1 pointsCategory: CAF7Who is responsible in case of default regarding payment of dividend to the member?
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Question 8 of 10
8. Question
1 pointsCategory: CAF7In any case, the members of the company cannot
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Question 9 of 10
9. Question
1 pointsCategory: CAF7In case of delay in payment of dividend, Chief executive of the company may be imprisoned for a term not exceeding two years and he may be fined for an amount
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Question 10 of 10
10. Question
1 pointsCategory: CAF7In case of default regarding the period of payment of dividend, the Chief executive of the company will be fined and imprisoned for a term which may extend to two years. He shall further be ineligible to become a director or chief executive of
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