Q.Draft a reply letter resolving the query of the member on low rate of dividend.

The odd one out is Demat. The other three — dividend warrant, interest warrant and share warrant — are documents/instruments, whereas demat is a process.

• Dividend warrant is the instrument by which a company pays dividend to shareholders.
• Interest warrant is the instrument by which interest is paid to debenture-holders.
• Share warrant is a bearer document entitling the holder to the shares specified in it. …

The correct option is 30. Under the Companies Act, 2013, dividend must be paid within 30 days from the date of its declaration.

When a company declares a dividend, the amount becomes payable to the shareholders and the secretary must arrange prompt payment.

• The law requires the dividend to be paid (or the warrant posted) within 30 days of the date of declaration. …