HSC Commerce (English Medium) 12th Standard Board Exam - Maharashtra State Board Question Bank Solutions for Secretarial Practice

Select the correct answer from the options given below and rewrite the statement:
Company can issue circular or advertisement for inviting deposits after _________ days of filing it with Registrar of Companies.

Select the correct answer from the options given below and rewrite the statement:
Charge on assets is to be created when a company issues ______________.

Write a word or a term or a phrase which can substitute the following statement.
Account that can be used only for repaying deposits

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.

Complete the sentence:
Deposit is a type of  _____________ term loan.

Complete the sentence:
Eligible Public company and Govt. Company can accept deposits from ______________.

Complete the sentence:
To collect deposits from public, Eligible public company must have a net worth of not less than ___________

Justify the following statement.

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

Complete the sentence:
Premature repayment of deposits can be done by a company but not before _____________.

Correct the underlined word and rewrite the following sentence.
Deposit Receipt is issued within seven days from date of receipt of deposits

Correct the underlined word and rewrite the following sentence.
Register of deposits is to be filed with the Registrar of companies on or before 30th June every year.

Explain the statutory provisions for allotment of shares.

Explain briefly the procedure for allotment of shares.

Explain the following term/concept.
Deposit Receipt

Explain the following term/concept.
Return of Deposit

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

Directors are the ____________

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

Registered shareholders receive dividend through ______ warrant.

Shares issued free of cost to the shareholders are known as ______ shares.

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

Share Certificate should be ready for delivery by the company within ______ months after the allotment of shares.