The preference shares holders who have no claim for the arrears of dividend are _________ preference shares.

The preference shares holders who have no claim for the arrears of dividend are _________ preference shares. Correct Answer Non-cumulative

The preference shares holders who have no claim for the arrears of dividend are Non-cumulative preference shares. Non-cumulative preference shares are those type of preference shares, which have right to get fixed rate of dividend out of the profits of current year only. They do not carry the right to receive arrears of dividend.
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When there is no profit in one year or the profit of a company is not enough to pay the fixed dividend on preference shares, the arrears of dividend are to be carried forward and paid before a dividend is paid on the ordinary shares. This is called:
Mark the incorrect proposition:
1. Set-off is a statutory defence to a plaintiff's action, whereas a counterclaim is a cross-action.
2. Set-off and counter-claim arises out of the same transaction.
3. Set-off should not be barred on the date of the suit while counter-claim should not be barred on the date of filing of written statement.
4. Claim for set-off cannot exceed plaintiff's claim, whereas counterclaim can exceed the plaintiffs claim.
5. Both set-off and counter-claim cannot exceed the pecuniary jurisdiction of the court.
Propositions are:
1. Set-off and counter-claim arises out of the same transaction.
2. Set-off should not be barred on the date of the suit while counter-claim should not be barred on the date of filing of written statement.
3. Claim for set-off cannot exceed plaintiff's claim, whereas counter-claim can exceed the plaintiff's claim.
In respect of the aforesaid which is correct:
Consider the following statement(s).
1. A defendant may set up, by way of a counter-claim against the claim of the plaintiff any right or claim in respect of the cause of action accruing to him.
2. The counter-claim may be submitted by the defendant even after he has delivered his defence.
3. The counter-claim shall not exceed the pecuniary jurisdiction of the court.
Which of the statements given above are correct?
Which of the following is correct?
1. Unrealised dividend is an asset to the company
2. Dividend declared between two annual general meeting is called interim dividend
3. A company can distribute both interim and final dividend in the same financial year
Choose the correct answer:
Type of preferred stock whose dividend payments are never paid to stock holders and are not considered in in arrears is classified as
A company issued 50,000 Equity shares of Rs. 10 each, Rs. 8 paid up and 50,000 8% Preference shares of Rs. 100 each. Expected profits are Rs. 10,00,000 Normal rate of dividend on Equity shares is 16%, Provision for taxation 60% and 10% of the profit is transferred to reserves.
The value of equity share will be:
The preference shares which cannot be converted into equity shares are __________ preference shares.
As per the Master Circular on "Prudential Norms on Capital Adequacy - Basel I Framework", elements of Tier I capital include:
1. Authorized Capital (Ordinary shares), statutory reserves, all other free reserves (disclosed), if any.
2. Paid-up capital (Preference shares).
3. Perpetual Non-Cumulative Preference Shares (PNCPS).
4. Innovative Perpetual Debt Instruments (IPDI).
Shares with a fixed rate of dividend that entitle their holders to priority payment over those who hold ordinary shares of a company are called