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

Select the suitable option for the following.

____________ Interim Dividend.

Answer in one sentence.

At which Meeting Interim Dividend is decided and declared?

Correct the underlined word and rewrite the following sentence.

Final Dividend is paid between two AGMs.

Arrange in Proper Order:

1. Payment of Interim Dividend
2. Board meeting deciding and declaring Interim Dividend.
3. Authorization of Articles of Association.

Explain the following term/concept.

Interim Dividend

Study the following case/situation and express your opinion:

ABC Co. Ltd. decides to pay Interim Dividend

1. Can it be paid out of free reserves?
2. Is the Board right in declaring the same at the Board Meeting?
3. Should the company distribute the same within 30 days of its declaration?

Study the following case/situation and express your opinion :

RAJ Company limited decides to pay Interim Dividend

1. Is the Board justified to decide Interim Dividend of ₹ 5/per share even though profits till date are insufficient?
2. Can the Board declare it out of Free Reserves?
3. Can the Board declare it out of Capital?

Study the following case/situation and express your opinion :

DIAMOND Co. Ltd. is considering to declare Interim Dividend.

1. In how many days of the declaration it should transfer the funds to Dividend Account?
2. In how many days it must pay it to shareholders?
3. In how many days of the declaration it must transfer the funds to the Unpaid Dividend A/c?

Justify the following statement.

Interim dividend cannot be paid out of free reserves.

Justify the following statement.

AGM is crucial for Final Dividend.

Justify the following statement.

Approval of members is not needed for Interim Dividend.

Explain Interim Dividend.

Study the following case/situation and express your opinion.

1. Can the company issue unsecured debentures?
2. Can they issue irredeemable debentures?
3. As the company is offering debentures to its members, can such debentures have normal voting rights?

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

Study the following case/situation and express your opinion.

1. Should the company set up an allotment committee?
2. How should the company inform the applicants to whom the company is allotting shares?
3. Within what period should the company issue a share certificate?

Elaborate on the process for the issue of debentures.

Diamond Company Limited is considering to declare Interim Divided:

1. In how many days of declaration it should transfer the funds to Dividend Account?
2. In how many days it must pay it to Shareholders?
3. Can the Board of Directors declare Interim Dividend out of capital?

State the following statements are True or False.

Capital market is the market for long-term funds.

Big retail stores requires large amount of ............................. capital.

1. Fixed
2. Working
3. Loan

The ____________ recommends the final dividend.

(a) shareholders 

(b) board of directors  

(c) promoters