Maharashtra State BoardHSC Commerce 12th Board Exam
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Secretarial Practice 12th Board Exam HSC Commerce Maharashtra State Board Topics and Syllabus

Academic year:

Syllabus

1 Introduction to Corporate Finance
  • Finance 
    • Introduction
  • Corporate Finance 
    • Meaning
    • Definition
    • Financing Decision
    • Investment Decision
    • Importance
    • Helps in decision making
    • Helps in Raising Capital for a project
    • Helps in Research and Development
    • Helps in smooth running of business firm
    • Brings co-ordination between various activities
    • Promotes expansion and diversification
    • Managing Risk
    • Replace old assets
    • Payment of dividend and interest
    • Payment of taxes/fees
  • Capital Requirements 
    1. Fixed Capital
  • Capital Structure 
    • Definition
    • Components
    1. Equity share capital
    2. Preference share capital
    3. Retained earnings
    4. Borrowed capital
1 Business Finance
  • Business Finance – Meaning, role, objectives of financial management.
  • Financial planning – Meaning and importance.
  • Capital structure – Meaning and factors.
  • Fixed and working capital – Meaning and factors affecting their requirements
2 Sources of Corporate Finance
2 Sources of Business Finance
  • Nature and significance: Financial requirements and sources. 
  • Methods of raising finance
  • Equity and preference shares
  • Debentures and Bonds
  • Retained profits
  • Public deposits
  • Loan from commercial banks
  • Loan from financial institutions
  • Trade credit
  • Discounting of bills of Exchange
  • Global Depository Receipt,
  • American Depository Receipt.
3 Issue of Shares
  • Classification of Share Capital 
    • Authorised/Nominal or Registered Capital
    • Issued and Unissued Capital
    • Subscribed and Unsubscribed Capital
    • Called-up Capital, Uncalled Capital and Reserve Capital
    • Paidup Capital and Calls in Arrears
  • Issue of Shares 
  • Methods of Issue of Shares 
    • Public Issue or Public Offer of Shares
    • Fixed Price Issue Method
    • Book-Building Method
    1. Initial Public Offer
    2. Further Public Offer
    • Offering Shares to Existing Equity Shareholders
    • Rights Issue
    • Bonus Issue/Bonus Share
    • Offering Shares to existing employees
    • Employee Stock Option Scheme (ESOS)
    • Employee Stock Purchase Scheme (ESPS)
    • Stock Appreciation Rights Scheme (SARS)
    • Sweat Equity Shares
    • Private Placement
    • Preferential Allotment

     

  • Allotment of Shares 
    • Provisions/Conditions for Allotment of Shares
    1. Statutory Provisions
    2. General principles
    • Procedure for Allotment of Shares
    1. Appointment of Allotment Committee
    2. Hold Board Meeting to Decide Basis of Allotment
    3. Pass Board Resolution for Allotment
    4. Collection of Allotment Money
    5. Arrangement Relating to Letters of Renunciation
    6. Arrangement Relating to Splitting of Allotment Letters
    7. File Return of Allotment
    8. Prepare Register of Members and Issue Share Certificate
  • Share Certificate 
  • Calls on Shares 
  • Forfeiture of Shares 
    • Accounting treatment for forfeiture of shares
    • Re-issue of Forfeited Shares.
  • Surrender of Shares 
  • Transfer of Shares 
    • Refusal to transfer shares
    1. Blank Transfer
    2. Forged Transfer
  • Transmission of Shares 
3 Role of a Secretary in the Capital Formation Part 1
  • Meaning of issue of shares at par, premium and discount, at bid price
  • Meaning of Initial public offer.
  • Meaning of bonus issue
  • Meaning of rights issue
  • Meaning of Employee stock option scheme
  • Meaning of private placement.
  • Issue of shares – procedure
  • Allotment – Meaning, conditions for valid allotment, procedure
  • Transfer and Transmission of shares – Meaning, provisions, procedure, difference.
  • Issue of share certificate and share warrant – Meaning, provisions, procedure, difference.
4 Issue of Debentures
4 Role of a Secretary in the Capital Formation Part 2
  • Issue of debentures – procedure, conversion and redemption of debentures.
  • Deposits – invitation, acceptance, renewal, repayment, default and remedies
  • Depositories and dematerialization of securities – meaning, importance, procedure, secretarial duties in issuing securities in dematerialized form
5 Declaration and Payment of Dividend
  • Meaning
  • Provisions related to ascertainment of dividend, declaration of dividend and payment of dividend. 
  • Procedure of payment of dividend.
  • Provisions regarding unpaid / unclaimed dividend
  • Interim and final dividend – Meaning and difference
5 Deposits
  • Sources of Borrowed Capital 
  • Terms and Conditions for Acceptance of Deposits 
    1. Amount of Deposit
    2. Period / Tenure of Deposit
    3. No demand deposit
    4. Secured or Unsecured Deposit
    5. Application Form
    6. Joint names
    7. Nomination
    8. Circular or Advertisement
    9. Appointment of Deposit Trustee
    10. Create charge on assets
    11. Deposit Insurance
    12. Obtain credit rating
    13. Open Deposit Repayment Reserve Account
    14. Deposit Receipt
    15. Register of Deposit
    16. Return of Deposit
    17. Interest
    18. Right to alter the Terms and Conditions
    19. Disclosure in financial statements
    20. Punishment
  • Procedure for Accepting Deposits from Public 
    1. Hold Board Meeting
    2. Hold a General Meeting
    3. Hold Board Meeting
    4. Appoint Banker
    5. Obtain Credit Rating
    6. Appoint Deposit Trustee
    7. Take Deposit Insurance
    8. File a copy of advertisement with Registrar of companies
    9. Advertisement to the public
    10. Upload the advertisement on the company’s website
    11. Collect application form and money
    12. Issue Deposit Receipt
    13. Create charge on assets
    14. Make entries in Register of Deposits
    15. File Return of Deposits with Registrar of Companies
  • Procedure for Accepting Deposit from Members 
    1. Hold Board Meeting
    2. Hold a General Meeting
    3. Hold Board Meeting
    4. Appoint Banker
    5. Obtain Credit Rating
    6. Appoint Deposit Trustee
    7. Take Deposit Insurance
    8. File a copy with Registrar of Companies
    9. Issue circular to members
    10. Upload circular on company’s website
    11. Collect application form and money
    12. Issue of Deposit Receipt
    13. Create charge on assets
    14. Make entries in Register of Deposits
    15. File Return of Deposits
6 Correspondence with Members
6 Correspondence of Company Secretary with Members, Debenture Holders and Depositors
  • Allotment of shares
  • Regret letter
  • Lodgement notice
  • Approval / Refusal of Transfer of shares
  • Issue of bonus shares
  • Distribution of dividend – notice
  • Allotment of debentures
  • Redemption of debentures
  • Conversion of debentures into shares
  • Payment of interest on debentures
  • Letter thanking the investor for deposits
  • Payment of interest (Basic information of TDS to be given)
  • Renewal of deposits
  • Repayment of deposits
7 Correspondence with Debentureholders
7 Financial markets
  • Concept of Financial market
  • Money market – nature, instruments.
  • Capital market- nature and constituents – primary and secondary market.
  • Distinction between capital market and money market.
  • Stock Exchange – meaning, functions, BSE, NSEI, Trading procedure.
  • Securities Exchange Board of India (SEBI) objectives, functions.
8 Correspondence with Depositors
9 Depository System
  • Depository System 
    • Meaning
    • Importance
    • Benefits
    • To Investors
    1. Elimination of Risk
    2. Safety
    3. Easy Transfer of shares
    4. Updates and Intimation
    5. Security against Loan
    6. No concept of ‘Lots’
    7. Nomination Facility
    8. Automatic Credit
    • To Companies
    1. Up-to-date Information
    2. Reduction in costs and efforts
    3. Better Investor - Company Relationships
    4. International Investment
  • Constituents of Depository System 
    1. The Depository
    2. Depository Participant (DP)
    3. The Beneficial Owner (BO)
    4. The Issuer Company
  • Concepts/Terms Related to Depository System 
    • Dematerialization
    • Rematerialization
    • Fungibility
    • International Securities Identification Number (ISIN)
  • Functioning of Depository System 
    • In case of conversion of physical certificates into electronic/ Dematerialisation Process
    • In case of IPO (Initial Public Offer)
    • In case of transfer of securities under the Depository system
  • Depositories in India 
    1. NSDL
    2. CDSL
10 Dividend and Interest
11 Financial Market
  • Concept of Financial Markets 
    • Meaning and Features of Financial Markets
    • Function of Financial Markets
    • Capital Market and Its Types -(Primary and Secondary)
    • Money Market and Its Instruments
  • Functions of Financial Market 
    1. Transfer of Resources
    2. Productive usage
    3. Enhancing Income
    4. Capital Formation
    5. Price determination
    6. Sale Mechanism
    7. Mobilizing Funds
    8. Liquidity
    9. Easy access
    10. Industrial development
  • Types of Financial Market 
    • Money Market 
      • Meaning
      • Features
      • Important participants
      1. Reserve Bank of India
      2. Central and State Government
      3. Public Sector Undertakings (PSU)
      4. Scheduled Commercial Banks
      5. Insurance Companies
      6. Mutual Funds
      7. Non-Banking Finance Companies (NBFCs)
      8. Corporates
      9. Primary Dealers
      • Instruments
      1. Call money and Notice money
      2. Treasury Bills (T-Bills)
      3. Trade Bills/ Commercial Bills
      4. Commercial Papers (CPs)
      5. Certificate of Deposits (CDs)
      6. Government Securities
      7. Repo or Repurchase Agreement
      8. Money Market Mutual Funds (MMMFs)

       

    • Secondary Market 
      • Meaning
      • Features
      1. Link between investors and borrowers
      2. Deals in medium and Long-term investment
      3. Presence of Intermediaries
      4. Promotes capital formation
      5. Regulated by government rules, regulations and policies
      6. Deals in marketable and non-marketable securities
      7. Variety of Investors
      8. Risk
      • Instruments
      1. Equity shares
      2. Preference shares
      3. Debentures
      4. Bonds
      5. Government securities
      6. Public Deposits
      • Types
      1. Government Securities Market or Gilt edged markets
      2. Industrial Securities Market
      1. Primary or New Issues Market
      2. Secondary Market
12 Stock Exchange
  • Stock Exchange 
    • Meaning
    • Definitions
    • Management of Stock Exchange
    • Organization Structure of Stock Exchanges in India
    • Membership of Stock Exchange
  • Functions of Stock Exchange 
    1. Mobilisation of Savings
    2. Capital formation
    3. Pricing of Securities
    4. Economic Barometer
    5. Protecting Interest of Investors
    6. Liquidity
    7. Better Allocation of Capital
    8. Contributes to Economic Growth
    9. Providing Scope for Speculation
    10. Promotes the Habit of Savings and Investment
  • Major Stock Exchanges in India 
    1. Bombay Stock Exchange (BSE)
    2. National Stock Exchange (NSE)
  • Important Terms Related to Stock Exchange 
    1. Broker
    2. Jobber
    3. Bull (Tejiwala)
    4. Bull (TejiwalBear (Mandiwala)
    5. Stag
    6. Lame Duck
    7. Wolves
    8. Settlement
    9. Contract Note
    10. Trading Ring
    11. Insider Trading
    12. Day Trading
    13. Sensex
    14. Nifty
    15. Rally
    16. Crash
    17. Market capitalisation
    18. Stop-loss
  • Securities and Exchange Board of India (SEBI) 
    • Functions of SEBI
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