Question

Declaration of dividend is an important agenda of _________.

• A. Statutory Meeting
• B. Annual General Meeting
• C. Extraordinary General Meeting
• D. Joint Meeting of the shareholders and debenture-holders

Answer 1

The correct option is B Annual General Meeting

Dividends are distribution of profits earned by the company. In companies act, 2013 a procedure for declaration and payment of dividend is described. An AGM may have various agenda to discuss but distribution of dividend is stated as one of the important agenda.

Dividends only distributed after declaration in AGM at the rate decided by the board.