HSC Commerce: Marketing and Salesmanship 12th Standard Board Exam - Maharashtra State Board Question Bank Solutions for Secretarial Practice

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

Dividend declared by company at is annual general meeting.

What are the factors affecting requirement of fixed capital?

Write a word or a term or a phrase which can substitute each of the following statements:  

A dividend remaining unpaid to shareholders even after the expiry of 30 days of its declaration.

Draft a Letter to the depositor informing him/her about payment of interest. 

Write a word, term, or phrase that can substitute for
the following statement:

The authority which has power to accept deposits.

State, with reasons, whether the following statements are True 
or False (Any THREE) :  

A company can accept deposits repayable on demand.

Select the proper option from the option given below and rewrite the sentences: 

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