Multiple Choice Questions on XYZ company is desirous of declaring the dividend to its shareholders at Annual General Meeting of t........... for SEBI Grade A ( Officer) Exam Preparation

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Multiple Choice Questions

XYZ company is desirous of declaring the dividend to its shareholders at Annual General Meeting of t...........

Companies Act-Phase (I & II) Paymentofdividends
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    XYZ company is desirous of declaring the dividend to its shareholders at Annual General Meeting of the company. Accordingly, the dividend can be declared out of:

    Current Year’s profits after providing depreciation

    Incorrect Answer

    The profits of the company for any previous financial year or years arrived at after providing for depreciation.

    Incorrect Answer

    Money provided by Central Government or State Government for the payment of dividend by the company in pursuance of guarantee given by Government

    Incorrect Answer

    All of the above

    Correct Answer
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    Explanation:

    As per the provisions of Companies Act, 2013, company can pay final dividend from:

    a.: Out of current profits of the company after providing depreciation

    b. Out of profits of previous financial year (s) after providing depreciation

    c. Out of money provided by the Central or State Government

    By: Vikas Goyal
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