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

Explain the following term/concept.
Charge on assets.

Explain the following term/concept.

Debenture Trust Deed.

Study the following case/situation and express your opinion.

1. Should the company appoint a debentures trustee?
2. Should the company create a charge on its assets?
3. Can the tenure of debentures be less than ten years?

Study the following case/situation and express your opinion.
Rose limited company proposes to issue debenture to the public to raise funds. After discussions, the board of directors have decided to issue secured, redeemable, non-convertible debentures with a tenure of ten years. Please advise the board on the following matters:

Should the company create a charge on its assets?

Company can accept deposits from public, minimum for ______ months.

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

Company can accept deposits from public, maximum for ______ months.

Answer in brief.
What is debenture trust deed?

Who are debentures trustee?

Justify the following statement:

A company has to create charge on its assets for issuing secured debentures.

Justify the following statement:

Debenture trustees are appointed by a company issuing debentures.

Answer in one sentence.
Who are Deposit Trustees?

Answer in one sentence.
What is Deposit Trust Deed?

Answer in one sentence.

What is Register of Deposit?

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

It is an acknowledgement of loan issued by company to depositor.

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

Money raised by company from public for minimum 6 months to maximum 36 months.

Answer in brief.

What is public deposit?

Justify the following statement.

Public deposit is good source of short term financing.

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