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

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.

Justify the following statement.

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

Complete the sentence:
To invite the public to subscribe for its deposits, a company issues __________________.

Explain the statutory provisions for allotment of shares.

Explain briefly the procedure for allotment of shares.

Give one word or phrase for the following sentence:

The instrument for payment of dividends.

Arrange in proper order:

(a) Allotment of shares

(b) Application of shares

(c) Share certificate

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

There is no payment of ______ when securities are demated.

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

This system eliminates storing of certificates.

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

The registered owner of securities.

Transfer of securities is easier in electronic mode.

State whether the following statement is true or false.

Bad delivery is likely in Depository System.

State whether the following statement is true or false.

DRF is required for conversion from physical to electronic.