Which sections of the UK Companies Act 2006 govern the payment of dividends?
ASections 100 to 120
BSections 399 to 410
CSections 829 to 853
DSections 900 to 930
Answer & Solution
Correct answer: C. Sections 829 to 853
Part 23 of the Act, sections 829 to 853, governs distributions to shareholders.
Keep practising Dividend Basics
Browse all Dividend Basics questions for CA Inter, or explore more Financial Management topics.
Related questions
Which limits can restrict how much a firm may distribute as dividend?Why might management avoid changing dividend policy abruptly?Which alternative to cash dividends may a firm choose when surplus cash exists?Which type of shareholder usually prefers earnings to be retained?With no NPV-positive projects and surplus cash, what should management do?Management knowing more than the market is called what?If dividends bear higher tax than gains, raising them does what to value?Per the Modigliani-Miller theorem, dividend policy has what effect on firm value?