Multiple Choice Questions on In case of Joint Holders the dividend shall be paid to ........ for SEBI Grade A ( Officer) Exam Preparation

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Multiple Choice Questions

In case of Joint Holders the dividend shall be paid to ........

Companies Act-Phase (I & II) Paymentofdividends
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    In case of Joint Holders, the dividend shall be paid to _____________

    The Joint Holder, who is authorized by all the Joint Holders in this regard

    Incorrect Answer

    All the Joint Holders, equally

    Incorrect Answer

    The Joint Holders, who is first named in the register

    Correct Answer

    All the joint holder in proportion of money invested by them

    Incorrect Answer
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    Explanation:

    In the case of Joint Holdings, the dividend shall be paid to the person whose name is registered first in the books. It may be noted that the person whose name is named first in the application for shares is entered first in the Register of members.

    By: Srishti Gupta
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