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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  1. Question 1 of 10
    1. Question
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    Category: CAF7

    The 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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  2. Question 2 of 10
    2. Question
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    A 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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  3. Question 3 of 10
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    The amount of final dividend is proposed by directors and approved by

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  4. Question 4 of 10
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    The interim dividend may be proposed and paid before the end of the year by the

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  5. Question 5 of 10
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    The dividend is proposed by the directors. The members may

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  6. Question 6 of 10
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    Dividend warrants are a type of crossed cheque and can be credited into bank account of

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  7. Question 7 of 10
    7. Question
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    Category: CAF7

    Who is responsible in case of default regarding payment of dividend to the member?

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  8. Question 8 of 10
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    In any case, the members of the company cannot

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  9. Question 9 of 10
    9. Question
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    Category: CAF7

    In 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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  10. Question 10 of 10
    10. Question
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    Category: CAF7

    In 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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