Q.For a shareholder shares are ________ .

The two main types of dividend are Interim Dividend and Final Dividend.

Dividend is the part of the company's profit distributed among shareholders. Its types are:

• Interim Dividend: declared by the Board of Directors in between two annual general meetings, during the financial year, out of the current year's profits.
• Final Dividend: recommended by the Board and declared by the shareholders at the Annual General Meeting, out of the profits after the accounts of the year are finalised. …

Dividend is distributed in two types — interim and final — so the answer is (A) 2.

A dividend is the share of profit distributed among shareholders. Based on the time of declaration it is of two kinds:

1. Interim dividend — declared by the Board of Directors during the financial year, out of expected profits, before the accounts are finalised. …

For a shareholder, shares are movable assets (movable property).

A share represents a unit of ownership in a company and carries a bundle of rights. The Companies Act expressly treats shares as movable property, transferable in the manner provided by the company's articles. This means a shareholder can sell, gift or transfer his shares like any other movable asset, and they can pass on death by transmission. …