Advertisements
Advertisements
प्रश्न
Attempt the following:
Write a reply to a complaint by an investor
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
APPEARS IN
संबंधित प्रश्न
Mr. Aditya Gupta was the chairman of ‘Vandan Bank’. The Bank was earning good profits. Shareholders were happy as the bank was paying regular dividends. The market price of their shares was also steadily rising. The bank announced taking over of ‘Karur Bank’. Aditya Gupta knew that the share price of Vandan Bank would rise on this announcement. Being a part of the bank, he was not allowed to buy shares of the bank. He called one of his rich friends Nimesh and asked him to invest Rs 6 crores in the shares of his bank promising him the capital gain.
As expected, the share prices went up by 40% and the market price of Nimesh’s shares was now Rs 8.4 crores. He had earned a profit of Rs 2.4 crores. He gave Rs 1.2 crore to Mr. Aditya Gupta and kept Rs 1.2 crore with him. On regular inspection and by conducting enquiries of the brokers involved, Securities and Exchange Board of India (SEBI) was able to detect this irregularity. SEBI imposed a heavy penalty on Aditya Gupta. By quoting the lines from the above para identify and state any two functions that were performed by SEBI in the above case.
What are the objectives of SEBI?
Answer each of these questions in about fifteen words:
State three functions of SEBI rolled into one body.
Answer each of these questions in about fifty words:
Explain briefly the three functions of SEBI rolled into one body.
Which of the following is the regulatory function of SEBI?
What are the protective function of SEBI?
Rishu's friend Devina works as a Finance Manager in Perfect Solutions Ltd. Devina in a meeting with the directors of the company came to know that the firm would soon be declaring a bonus issue which would lead to an increase in the price of shares. On this basis, Devina advised Rishu to purchase the shares of Perfect Solutions Ltd., who thus bought the shares. SEBI can control malpractices like these through which of the following functions:
Which is the apex statutory body of capital market to which customers can complain to redress their grievances?
Zakira Ltd. wants to invest in treasury bills issued by RBI. What will be the minimum amount to be invested in Treasury Bill?
SEBI calls for information and issues a show cause notice to stock exchange and its officials seeking explanation and conducting audit and enquiry. Which function is SEBI performing?
Which body is the regulator of the securities market in India?
How does SEBI address insider trading as a protective function?
To whom does SEBI provide training as a developmental function?
On which matters do merchant bankers advise companies?
Which set gives examples of merchant bankers?
Which are the two major depositories in India?
How do credit rating agencies help borrowers raise funds?
What role do mutual funds play under SEBI's regulation?
