Q.Distinguish between the following:
Interim dividend and Final dividend.

Dividend is the share of a company's distributable profit paid out to its shareholders in proportion to their shareholding. Section 2(35) of the Companies Act, 2013 defines it inclusively — "dividend includes any interim dividend" — so that every dividend-related provision of the Act (sources, unpaid-dividend transfer, the IEPF, and the Section 127 penalty) applies equally to an interim dividend (declared by the Board between two AGMs, out of current/undistributed prior profits, capped by the average of the preceding three years' rates if the company was loss-making) and a final dividend (recommended by the Board after year-end and declared by shareholders at the AGM, who may reduce but never raise the …