Tag: commercial studies
Questions Related to commercial studies
Which of the following letter is sent to the share holders whenever an amount becomes payable on shares?
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Share Application Letter
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Share Allotment Letter
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Share Call Letter
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None of above
Share Call letter is sent to the share holders whenever an amount becomes payable on shares. Whenever an amount is to be paid out on shares, share call letter is the required document which is to be issued to th shareholders.
Receiving dividends is a group right of share holders.
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True
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False
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Partly True
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Partly False
Dividends are the payments made out of distributable profits available to company. In simple terms, it is defined as that portion of profits of the company allocated to the holders of shares in the company. Shareholders do not have an automatic to receive dividend payment and also there is no legal obligation on company to declare dividends unless it is proposed by directors of the company and approved by the shareholders. Once dividend is declared by the company then it is right of shareholders to receive payment, otherwise shareholders can take legal action against the company. Therefore, the statement that receiving dividends is a group right of shareholders is incorrect.
More than 50% of the shares are held by Company B in Company
A, thus _________________.
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B is the holing company of A
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B is a subsidiary company of A
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B is both A & B
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None of the above
More than 50% of the shares are held by Company B in Company.
A, thus: B is both the holding company as well as a subsidiary company.
A closely held company is:
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When most of the controlling management and shareholders are same.
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When only are person has all the shares
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A registration of companies
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Both A & B
A closely held corporation is any company that has only a limited number of shareholders; its stock is exchanged only infrequently but is often listed on public exchanges. Most of the controlling management and shareholders are same.
A shareholder who can vote conditionally is a/an __________.
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equity shareholder
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preference shareholder
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member
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none of the above
Preference shares are those which carry the preferential as to ___________________.
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The payment of dividend at a fixed rate
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The return of capital on winding up of the company
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Both (A) & (B)
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Either (A) or (B)
Which of the following can be treated as type of shares?
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Equity
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Preference share
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Both (A) & (B)
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None of the above
Which of the following right may be given to preference shareholders if provided by Articles?
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To participate in the surplus profits remaining after payment of equity dividend
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To receive arrears of dividend at the time of winding up
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To receive premium on redemption of preference shares
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All of the above
If provided by the Articles of Association, the following rights may be given to the shareholders of preferential shares:
To participate in the surplus profits remaining after payment of equity dividend
________means the appropriation of a certain number of shares to an applicant who has applied shares in public issue by the board of directors in consultation with stock exchange.
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Allotment
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Application
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Acceptance
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Final call
Which of the following rights may be given to preference shareholder if provided by Articles?
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To participate in the surplus remaining after the equity shares are redeemed in winding up.
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To participate in the surplus profits remaining after payment of equity dividend.
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To receive arrears of dividend at the time of winding up.
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All of the above.
If provided by the Articles of Association, the following rights may be given to the shareholders of preferential shares are:
To participate in the surplus profits remaining after payment of equity dividend