Q.State the types of dividend.

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. …