HSC Commerce (English Medium) १२ वीं कक्षा - Maharashtra State Board Question Bank Solutions

Answer in one sentence.

What is the time limit for filing Return of Allotment with the Registrar on allotment of shares?

Answer in one sentence.

What is the minimum application money to be collected by company as per the Companies Act?

Correct the underlined word and rewrite the following sentence.

Letter of Allotment is sent to applicants when no shares are allotted to them.

Arrange in proper order.

1. Forfeiture of shares.
2. Calls on shares.
3. Allotment of shares.

Arrange in proper order.

1. Share certificate
2. Allotment letter
3. Application form

Arrange in proper order.

1. Return of allotment
2. Application form
3. Minimum subscription

Explain the following term/concept.

Allotment of shares

Select the correct answer from the options given below and rewrite the statement:
Company can issue circular or advertisement for inviting deposits after _________ days of filing it with Registrar of Companies.

Select the correct answer from the options given below and rewrite the statement:
Charge on assets is to be created when a company issues ______________.

Write a word or a term or a phrase which can substitute the following statement.
Account that can be used only for repaying deposits

Study the following case/situation and express your opinion.

Silver Ltd. Company has recently come out with its public offer through FPO. Their issue was over subscribed. The Board of Directors now wants to start the allotment process. Please advise the Board on:

1. Should the company set up allotment committee?
2. How should the company inform the applicants to whom the company is alloting shares?
3. Within what period should the company issue share certificate?

Answer in brief.

State the general principles/rules for allotment of shares.

Complete the sentence:
Deposit is a type of  _____________ term loan.

Complete the sentence:
Eligible Public company and Govt. Company can accept deposits from ______________.

Complete the sentence:
To collect deposits from public, Eligible public company must have a net worth of not less than ___________

Justify the following statement.

Company has to fulfill general principles/rules for allotment of shares.

Complete the sentence:
Premature repayment of deposits can be done by a company but not before _____________.

Correct the underlined word and rewrite the following sentence.
Deposit Receipt is issued within seven days from date of receipt of deposits

Correct the underlined word and rewrite the following sentence.
Register of deposits is to be filed with the Registrar of companies on or before 30th June every year.

Explain the statutory provisions for allotment of shares.