Corporate and Other LawsMCQQuestion 5985 of 221
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9. Yogesh, one of the shareholders deposits in advance the remaining amount due on his shares without any calls made by NCL. NCL declared dividend during the year.

Select Your Answer (Keyboard: A, B, C, D)
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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

Correct Answer: Option **A** Explanation: As per the official suggested answer, option **A** is correct. Hence, **Option A** is the correct answer.

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