HSC Commerce (English Medium) इयत्ता १२ वी - Maharashtra State Board Question Bank Solutions for Secretarial Practice

Select the correct answer from the options given below and rewrite the statement.

The ______ have the power to allot shares.

Letter of ______ is sent to applicants who have been given shares by the company.

Explain the following term/concept.

Borrowed Capital 

Write a word or a term or a phrase which can substitute the following statement.

Appropriation of shares to an applicant.

Write a word or a term or a phrase which can substitute the following statement.

Committee set up to decide the formula for allotment of shares in case of over subscription.

State whether the following statement is true or false.

Allotment of shares must be done within one month of receipt of application money.

Find the odd one.

Complete the sentence.

Letter sent to applicants for informing them shares are allotted is called as ______

Complete the sentence.

When applications received are more than the number of shares offered, it is called as ______

Answer in one sentence.

What is the time limit to issue share certificate on allotment of shares?

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:
Private company can accept deposits from its member or Directors upto not more than ___________ % of its aggregate of paid-up share Capital and free reserves.

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.