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

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.

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.