Dividend other than interim dividend is declared by ........

Companies Act-Phase (I & II) Paymentofdividends

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Dividend (other than interim dividend) is declared by ___________

The Board

The members

Either (a) or (b)

Both (a) and (b)

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Explanation:

A dividend is the distribution of a portion of the company's earnings, decided and managed by the company’s board of directors, and paid to a class of its shareholders. Common shareholders of dividend-paying companies are typically eligible as long as they own the stock by the ex-dividend date. Dividends may be paid out as cash or in the form of additional stock.