मराठी

Attempt the following: Write a reply to a complaint by investor

Advertisements
Advertisements

प्रश्न

Attempt the following:

Write a reply to a complaint by an investor

थोडक्यात उत्तर
Advertisements

उत्तर

VIKRAM COMPANY LIMITED
Registered Office: 49, Vikas house, Vivekananda Road,
Churchgate, Mumbai - 400 020.
CIN : L42874MH2021PLC666398

Tel. No. (022) 2213 4769
Fax No. (022) 2213 5698

Website: www.vikramcoltd.com
E-mail: [email protected]
Date: 15th July, 2019

Ref. No. VC/69/19-20
Mr. Vaibhav Joshi,
15, Prerna Mahal, lala lajpat rai Road,
Ahmadabad 380 009.

[By Registered Post A.D.]

Sub: Non-receipt of Dividend for 2018-19

Dear Sir,
I am in receipt of your complaint letter dated 10th July 2019 regarding non-receipt of dividend for the year 2018-19. In this regard. I am directed by the Board to inform you that your Board of Directors has carefully considered the financial position and profits of the company before taking a decision on the payment of dividends.

The Board of Directors is of the view that the non-payment of dividends this year will help strengthen the financial position of your company. Such a non-payment of dividend will provide additional nuance for the expansion and development programme which your company has in its immediate view. The alternative to this step was heavy borrowings from the banks and other (financial institutions at a higher rate of interest. The consequent heavy burden of interest would have decreased the probability of your company. The Board's decision of non-payment of dividends will prove to be a boon to the Company as also to its members.

I hope you will appreciate the long term beneficial view taken by the Board in this regard.

Your faithfully,
For Vikas company limited

Sd./
Company secretary

C.C to: SEBI

shaalaa.com
  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 12: Correspondence with Statutory Authorities - Exercise Q.5 [पृष्ठ १८५]

APPEARS IN

बालभारती Secretarial Practice [English] Standard 11 Maharashtra State Board
पाठ 12 Correspondence with Statutory Authorities
Exercise Q.5 | Q 3 | पृष्ठ १८५

संबंधित प्रश्‍न

The company has to obtain consent of ............................ if issue of debentures exceeds Rs. 1 crore.

  1. SEBI
  2. Registrar
  3. National Stock Exchange

State the protective functions of the Securities and Exchange Board of India.


What are the objectives of SEBI?


Answer each of these questions in about fifteen words:

What is SEBI?


Answer the question in about fifty words:

What is SEBI and what is its role?


Answer each of these questions in about fifty words:

Who manages SEBI?


Select the correct answer from the options given below and rewrite the statement.
________ was established as a statutory body to regulate the securities market in India.


Write a word or a term or a phase which can substitute for the following:
Regulator of securities market in India.


State whether the statement is true or false:
SEBI protects the interest of investors in securities market.


Select the correct option form the bracket.

Group ‘A’ Group ‘B’
Regulator of Securities Market ______________

‘MYKAA Limited ‘is dealing in all types of cosmetic products. It is enjoying increased demand for its product during the last few years. For the purpose of expansion the company needs ₹ 100 crores as additional capital. The company decides to raise funds through equity shares. Chirag Kapoor, the finance manager of the company recommended that the shares may be sold through issuing houses or brokers. Identify and explain the method recommended by Mr.Kapoor through which the company can raise additional funds for expansion purposes.


Which of the following is the development function of SEBI?


Under which method, the securities are sold only to some selected individuals and big institutional investors rather than to the public.


Which of the following can be a depository participant (DP)?


______ is an institution or organisation, which holds securities in electronic form, in which trading is done. 


Which of the following stands for SEBI?


The Securities and Exchange Board of India was established by the Government of India and was  given a statutory status in ______.


STATEMENT I: Electronic holdings can be converted into physical certificates with the process of dematerialisation.

STATEMENT II: There is no danger of theft, loss or forgery of share certificates in dematerialisation.

Choose the correct option from the following:


SEBI regulates the prices of the securities listed in the market.


Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×