Correct Answer
✅ Option A — Yogesh is not entitled to any dividend in respect of call money paid in advance.
All Options:
- AYogesh is not entitled to any dividend in respect of call money paid in advance. ✓
- BYogesh is entitled to proportionate dividend in respect of call money paid in advance, if authorized by a Board Resolution.
- CYogesh is entitled to proportionate dividend in respect of call money paid in advance, if authorized by an Ordinary Resolution in a general meeting.
- DYogesh is entitled to proportionate dividend in respect of call money paid in advance, if authorized by Articles of Association.
Detailed Solution & Explanation
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