HSC Commerce (English Medium) 12th Standard Board Exam - Maharashtra State Board Important Questions for Secretarial Practice

Study the following case/situation and express your opinion.

Mr. S holds 50 shares of Peculiar Co. Ltd. in demat form. The company has declared a dividend of ₹ 5/- per share and a Bonus of 1:1 to its shareholders.

1. How will Mr. S get his dividend?
2. Will he get a Bonus share in Physical or demat?
3. Who is entitled to dividend and Bonus: Mr. S or the depository? (NSDL in this case)

Explain DP as the constituent of Depository system.

Justify the following statement.

The electronic holding of securities is safer than physical holding.

Justify the following statement.

Depository provides easy and quicker transfer of shares.

Justify the following statement.

Depository system is very similar to the banking system.

Justify the following statement.

ISIN is necessary component of Demat.

Explain the advantages of the Depository System to the companies.

India has a ______ depository system.

NSDL & CDSL are the only depositories that exist in India.

In Depository System, securities are held in ______ form.

Give one word or phrase for the following sentence:

How securities are settled?

State benefits of the depository to Investors.

India has a single depository system.

ISIN is a code given to a company.

Mr. Kishore wants to demat his 25 shares of Hero Company Ltd. bearing certificate no. 100 and distinctive no. 76-100:

1. Which form is he required to fill as a written request to the DP-DRF or RRF?
2. Does he have to fill instrument of transfer if he wishes to transfer the same after demat?
3. Does he have to quote certificate number and distinctive number, if he wishes to transfer his shares after it is in demat form?

Explain the following term/concept:

Depository system

Study the following case/situation and express your opinion.

1. Mr. Satish holds a Savings Bank Account with SBI Can he deposit his shares in this account for demat?
2. What type of account is needed for the same?
3. Is the RBI which will be the custodian of shares of Mr. Satish after demating?

Interim Dividend is declared by ______________.

Payment of ______ Dividend must be authorised by the Articles of Association.

______ is a return paid to creditors by the company.