Maharashtra State BoardHSC Commerce 12th Board Exam
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Balbharati solutions for Secretarial Practice 12th Standard HSC Maharashtra State Board chapter 4 - Issue of Debentures [Latest edition]

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Secretarial Practice 12th Standard HSC Maharashtra State Board - Shaalaa.com

Chapter 4: Issue of Debentures

Exercise Q.1Exercise Q.2Exercise Q.3Exercise Q.4Exercise Q.5Exercise Q.6
Exercise Q.1 [Pages 76 - 78]

Balbharati solutions for Secretarial Practice 12th Standard HSC Maharashtra State Board Chapter 4 Issue of Debentures Exercise Q.1 [Pages 76 - 78]

Exercise Q.1 | Q 1.01 | Page 76

Select the correct answer from the option given below and rewrite the statement:
A company cannot issue _____________ with voting rights

  • Equity shares

  • Debentures

  • Securities

Exercise Q.1 | Q 1.02 | Page 76

Select the correct answer from the option given below and rewrite the statement:
A company can issue ____________ convertible debentures.

  • Only partly

  • Only fully

  • Partly or fully

Exercise Q.1 | Q 1.03 | Page 76

Select the correct answer from the option given below and rewrite the statement:
Money from ___________  Account is used for redemption of debentures

  • Capital

  • Debenture Redemption Reserve

  • Profit or loss

Exercise Q.1 | Q 1.04 | Page 76

Select the correct answer from the option given below and rewrite the statement:
_______  protects the interest of debenture holders

  • Debenture Trustees

  • Debenture holders

  • Redemption Reserve

Exercise Q.1 | Q 1.05 | Page 76

Select the correct answer from the option given below and rewrite the statement:
Secured debentures must be redeemed within _____________ from the date of its issue

  • 10 days

  • 10 years

  • 15 years

Exercise Q.1 | Q 1.06 | Page 76

Select the correct answer from the option given below and rewrite the statement:
A company issuing ______________ debenture must create a charge on the assets of the company

  • Secured

  • Unsecured

  • Redeemable

Exercise Q.1 | Q 1.07 | Page 76

Select the correct answer from the option given below and rewrite the statement:
Debenture certificate must be issued within ___________ of allotment of debentures

  • 3 months

  • 6 months

  • 60 days

Exercise Q.1 | Q 1.08 | Page 76

Select the correct answer from the option given below and rewrite the statement:
The details of allotment of Debentures must be entered in ___________.

  • Register of debenture

  • Register of members

  • Register of creditors

Exercise Q.1 | Q 1.09 | Page 76

Select the correct answer from the option given below and rewrite the statement:
A company which issues prospectus or invites more than 500 persons to buy its debenture has to appoint ____________.

  • Register of companies

  • Debenture holders

  • Debenture trustees

Exercise Q.1 | Q 1.1 | Page 76

Select the correct answer from the option given below and rewrite the statement:
The contract between company and Debenture trustees of companies is called as _____________.

  • Debenture trust deed

  • Letter of offer

  • Prospectus

Exercise Q.1 | Q 1.11 | Page 76

Select the correct answer from the option given below and rewrite the statement:
Procedure for allotment of Debenture should be completed within ___________ from the date of receipt of applications.

  • 6 months

  • 3 months

  • 60 days

Exercise Q.1 | Q 2 | Page 76

Match the pairs.

Group 'A

Group 'B'

a) Debenture Trustees

1) Power to issue debentures

b) Debenture holders

2) Protects interest of shareholders

c) Charge on assets

3) Secured debentures

d) Board of Directors

4) NCLT

e) Debenture certificate

5) No voting rights

 

6) Unsecured debentures

 

7) Protects interest of debenture holders

 

8) Voting rights

 

9) Proof of ownership of shares

 

10) Issued within 6 months of allotment of debentures

Exercise Q.1 | Q 3.01 | Page 76

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

statement.
Type of resolution needed to issue convertible debentures.

Exercise Q.1 | Q 3.02 | Page 76

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

statement.
Account to be created for redemption of debentures.

Exercise Q.1 | Q 3.03 | Page 76

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

statement.
Institution appointed by company to protect the interest of debenture holders.

Exercise Q.1 | Q 3.04 | Page 76

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

statement.
Period within which secured debentures should be redeemed.

Exercise Q.1 | Q 3.05 | Page 76

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

statement.
Type of debentures on which company has to create a charge on its assets.

Exercise Q.1 | Q 3.06 | Page 76

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

statement.
The document which contains terms and conditions agreed upon by the company and the Debenture trustees.

Exercise Q.1 | Q 3.07 | Page 76

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

statement.
Time period within which the procedure for allotment of debenture is to be completed from the date of receipt of applications.

Exercise Q.1 | Q 3.08 | Page 76

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

statement.
Period within which debenture certificate must be issued by a company.

Exercise Q.1 | Q 3.09 | Page 76

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

statement.
Institution which redresses grievances of debenture holders.

Exercise Q.1 | Q 3.1 | Page 76

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

statement.
Authority which has power to issue debentures.

Exercise Q.1 | Q 4.01 | Page 76

State whether the following statement is or false.
Debenture holders have no voting rights.

  • True

  • False

Exercise Q.1 | Q 4.02 | Page 76

State whether the following statement is or false.
Company cannot issue non-convertible debentures.

  • True

  • False

Exercise Q.1 | Q 4.03 | Page 76

State whether the following statement is or false.
Special Resolution is needed to issue convertible debentures.

  • True

  • False

Exercise Q.1 | Q 4.04 | Page 76

State whether the following statement is or false.
Debentures holders are paid interest.

  • True

  • False

Exercise Q.1 | Q 4.05 | Page 76

State whether the following statement is or false.
Debenture Trustees can not approach NCLT to redress grievances of debenture holders.

  • True

  • False

Exercise Q.1 | Q 4.06 | Page 76

State whether the following statement is or false.
All secured debentures should be redeemed within 20 years from date of its issue.

  • True

  • False

Exercise Q.1 | Q 4.07 | Page 76

State whether the following statement is or false.
Company has to create a charge on its assets when it issues secured debentures.

  • True

  • False

Exercise Q.1 | Q 4.08 | Page 77

State whether the following statement is or false.
Debenture trustees are appointed to protect the interest of shareholders.

  • True

  • False

Exercise Q.1 | Q 4.09 | Page 77

State whether the following statement is or false.
Debenture certificate is issued within 6 six months of allotment of debentures.

  • True

  • False

Exercise Q.1 | Q 4.1 | Page 77

State whether the following statement is or false.
After allotment of Debentures their names are entered in the register of members.

  • True

  • False

Exercise Q.1 | Q 5.1 | Page 77

Find the odd one.

  • Debenture holders

  • Interest

  • Dividend

Exercise Q.1 | Q 5.2 | Page 77

Find the odd one.

  • Debenture Trustees

  • Court

  • NCLT

Exercise Q.1 | Q 5.3 | Page 77

Find the odd one.

  • Secured Debentures

  • Convertible debentures

  • Irredeemable debentures

Exercise Q.1 | Q 5.4 | Page 77

Find the odd one.

  • Debenture trustees

  • Trust Deed

  • Shareholders

Exercise Q.1 | Q 6.01 | Page 77

Complete the sentence.
A legal instrument conveying the assets of a company to the Debenture trustees is called  _______________.

Exercise Q.1 | Q 6.02 | Page 77

Complete the sentence.
To protect the interest of Debenture holders, a company appoints _______________.

Exercise Q.1 | Q 6.03 | Page 77

Complete the sentence.
On receipt of application and money, the procedure for allotment of debentures should be completed within __________.

Exercise Q.1 | Q 6.04 | Page 77

Complete the sentence.
Authority to create charge on company’s assets is with the ___________.

Exercise Q.1 | Q 6.05 | Page 77

Complete the sentence.
Secured debentures should be redeemed within  ____________.

Exercise Q.1 | Q 6.06 | Page 77

Complete the sentence.
To stop a company from incurring further liabilities, the Debenture trustee can approach ____________.

Exercise Q.1 | Q 6.07 | Page 77

Complete the sentence.
A company which issues prospectus or invites more than 500 persons to subscribe for its debentures, has to appoint _______________.

Exercise Q.1 | Q 6.08 | Page 77

Complete the sentence.
Return on investment on debenture is called ________.

Exercise Q.1 | Q 6.09 | Page 77

Complete the sentence.
For public issue of debentures of ₹100 crores, minimum subscription should be ______.

Exercise Q.1 | Q 7 | Page 77

Select the correct option from the bracket

Group 'A'

Group 'B'

a) Debenture Trustees

1) ___________

b) _______________

2) Charge on assets

c) Register of Debenture

3) _______________

d)  _______________

4) Debenture certificate

e) No voting rights

5)  _______________

(Issued within 6 months of allotment, Names of debenture holders, Secured debentures, Trust deed, Debenture holders.)

Exercise Q.1 | Q 8.01 | Page 78

Answer in one sentence:
Who are debenture holders?

Exercise Q.1 | Q 8.02 | Page 78

Answer in one sentence:
What do debenture holders receive as return on investment?

Exercise Q.1 | Q 8.03 | Page 78

Answer in one sentence:
Whom does the company appoint to protect the interest of debenture holders?

Exercise Q.1 | Q 8.04 | Page 78

Answer in one sentence:
Within what period should secured debentures be redeemed?

Exercise Q.1 | Q 8.05 | Page 78

Answer in one sentence:
Name the document which is an agreement between the debenture trustee and company?

Exercise Q.1 | Q 8.06 | Page 78

Answer in one sentence:
Who has the authority to create charge on assets of a company?

Exercise Q.1 | Q 8.07 | Page 78

Answer in one sentence:
Name the meeting in which approval for increasing the borrowing powers of board of directors is passed?

Exercise Q.1 | Q 8.08 | Page 78

Answer in one sentence:
Within what period should be debenture certificate be issued?

Exercise Q.1 | Q 8.09 | Page 78

Answer in one sentence:
What is the minimum subscription that a company must collect for an issue of debentures of 100 crores?

Exercise Q.1 | Q 8.1 | Page 78

Answer in one sentence:
When should a company appoint a credit rating agency?

Exercise Q.1 | Q 9.1 | Page 78

Correct the underlined word and rewrite the following sentence:
The details of debenture holders are entered in Register of Members.

Exercise Q.1 | Q 9.2 | Page 78

Correct the underlined word and rewrite the following sentence:
Secured debentures must be redeemed within 15 years from the date of its issue.

Exercise Q.1 | Q 9.3 | Page 78

Correct the underlined word and rewrite the following sentence:
A company issuing irredeemable debentures must create a charge on assets of the company.

Exercise Q.1 | Q 9.4 | Page 78

Correct the underlined word and rewrite the following sentence:
Return on investment on debenture is dividend.

Exercise Q.1 | Q 9.5 | Page 78

Correct the underlined word and rewrite the following sentence:
Debenture trustees redress the grievances of Shareholders.

Exercise Q.1 | Q 9.6 | Page 78

Correct the underlined word and rewrite the following sentence:
Debenture certificates are issued within 3 months of allotment of debentures.

Exercise Q.1 | Q 9.7 | Page 78

Correct the underlined word and rewrite the following sentence:
Procedure for allotment of debentures should be completed within 90 days from date of receipt of application.

Exercise Q.1 | Q 9.8 | Page 78

Correct the underlined word and rewrite the following sentence:
To rate its debentures a company appoints underwriters.

Exercise Q.1 | Q 10.1 | Page 78

Arrange in proper order.
a. Obtain Credit Rating.
b. Entry in register of debenture
c. Receive application with money

Exercise Q.1 | Q 10.2 | Page 78

Arrange in proper order.
a. Issue debenture certificate
b. Issue prospectus
c. Open bank Account

Exercise Q.1 | Q 10.2 | Page 78

Arrange in proper order.
a. Hold Board Meeting for allotment
b. Issue debenture certificate
c. Receive application with money

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Exercise Q.2 [Page 78]

Balbharati solutions for Secretarial Practice 12th Standard HSC Maharashtra State Board Chapter 4 Issue of Debentures Exercise Q.2 [Page 78]

Exercise Q.2 | Q 1 | Page 78

Explain the following term/concept.
Debenture Certificate.

Exercise Q.2 | Q 2 | Page 78

Explain the following term/concept.
Debentures Trustee.

Exercise Q.2 | Q 3 | Page 78

Explain the following term/concept.
Charge on assets.

Exercise Q.2 | Q 4 | Page 78

Explain the following term/concept.
Debenture Trust Deed.

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Exercise Q.3 [Page 79]

Balbharati solutions for Secretarial Practice 12th Standard HSC Maharashtra State Board Chapter 4 Issue of Debentures Exercise Q.3 [Page 79]

Exercise Q.3 | Q 1.1 | Page 79

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 appoint a debentures trustee?

Exercise Q.3 | Q 1.2 | Page 79

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?

Exercise Q.3 | Q 1.3 | Page 79

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:
Can the tenure of debentures be less than ten years?

Exercise Q.3 | Q 2.1 | Page 79

Study the following case/situation and express your opinion.
Violet Ltd. company plans to raise 10 crores by issuing debentures. The Board of Directors have some queries. Please advise them on the following:
Can the company issue unsecured debentures?

Exercise Q.3 | Q 2.2 | Page 79

Study the following case/situation and express your opinion.
Violet Ltd. company plans to raise 10 crores by issuing debentures. The Board of Directors have some queries. Please advise them on the following:
Can they issue irredeemable debentures?

Exercise Q.3 | Q 2.3 | Page 79

Study the following case/situation and express your opinion.
Violet Ltd. company plans to raise 10 crores by issuing debentures. The Board of Directors have some queries. Please advise them on the following:
As the company is offering debentures to its members, can such debentures have normal voting rights?

Exercise Q.3 | Q 3.1 | Page 79

Study the following case/situation and express your opinion.
DDS financial plans to raise 10 crores by issuing secured non-convertible debentures. However, as per the Articles of Association, the board of directors have authority only to raise up to 5 crores. They are also considering whether to go for private placement or make public offer. Please advise them on the following:
What can be the maximum tenure of the debentures to be issued?

Exercise Q.3 | Q 3.2 | Page 79

Study the following case/situation and express your opinion.
DDS financial plans to raise 10 crores by issuing secured non-convertible debentures. However, as per the Articles of Association, the board of directors have authority only to raise up to 5 crores. They are also considering whether to go for private placement or make public offer. Please advise them on the following:
Is the proposed issue within the borrowing powers of the board?

Exercise Q.3 | Q 3.3 | Page 79

Study the following case/situation and express your opinion.
DDS financial plans to raise 10 crores by issuing secured non-convertible debentures. However, as per the Articles of Association, the board of directors have authority only to raise up to 5 crores. They are also considering whether to go for private placement or make public offer. Please advise them on the following:
Within what period should company issue debenture certificate?

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Exercise Q.4 [Page 79]

Balbharati solutions for Secretarial Practice 12th Standard HSC Maharashtra State Board Chapter 4 Issue of Debentures Exercise Q.4 [Page 79]

Exercise Q.4 | Q 1 | Page 79

 Answer in brief.
State any four provisions of Companies Act 2013 for issue of debentures.

Exercise Q.4 | Q 2 | Page 79

Answer in brief.
What is debenture trust deed?

Exercise Q.4 | Q 3 | Page 79

Answer in brief.
Who are debentures trustee?

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Exercise Q.5 [Page 79]

Balbharati solutions for Secretarial Practice 12th Standard HSC Maharashtra State Board Chapter 4 Issue of Debentures Exercise Q.5 [Page 79]

Exercise Q.5 | Q 1 | Page 79

Justify the following statement:
A company has to create charge on its assets for issuing secured debentures.

Exercise Q.5 | Q 2 | Page 79

Justify the following statement:
A company has to create charge on its assets for issuing secured debentures.

Exercise Q.5 | Q 3 | Page 79

Justify the following statement:
A company can issue only certain types of debentures.

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Exercise Q.6 [Page 79]

Balbharati solutions for Secretarial Practice 12th Standard HSC Maharashtra State Board Chapter 4 Issue of Debentures Exercise Q.6 [Page 79]

Exercise Q.6 | Q 1 | Page 79

Briefly explain the provisions of Companies Act, 2013 for issue of debentures.

Exercise Q.6 | Q 2 | Page 79

Explain briefly the procedure for issue of debentures.

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Chapter 4: Issue of Debentures

Exercise Q.1Exercise Q.2Exercise Q.3Exercise Q.4Exercise Q.5Exercise Q.6
Secretarial Practice 12th Standard HSC Maharashtra State Board - Shaalaa.com

Balbharati solutions for Secretarial Practice 12th Standard HSC Maharashtra State Board chapter 4 - Issue of Debentures

Balbharati solutions for Secretarial Practice 12th Standard HSC Maharashtra State Board chapter 4 (Issue of Debentures) include all questions with solution and detail explanation. This will clear students doubts about any question and improve application skills while preparing for board exams. The detailed, step-by-step solutions will help you understand the concepts better and clear your confusions, if any. Shaalaa.com has the Maharashtra State Board Secretarial Practice 12th Standard HSC Maharashtra State Board solutions in a manner that help students grasp basic concepts better and faster.

Further, we at Shaalaa.com provide such solutions so that students can prepare for written exams. Balbharati textbook solutions can be a core help for self-study and acts as a perfect self-help guidance for students.

Concepts covered in Secretarial Practice 12th Standard HSC Maharashtra State Board chapter 4 Issue of Debentures are Regulations Governing Issue of Debentures, Provisions for Issue of Debentures as per Companies Act, 2013, Provisions for Issue of Debentures as per Companies (Share Capital and Debentures) Rule 2014, Requirements as per SEBI, Procedure for Issue of Debentures, Debentures Trustees.

Using Balbharati 12th Board Exam solutions Issue of Debentures exercise by students are an easy way to prepare for the exams, as they involve solutions arranged chapter-wise also page wise. The questions involved in Balbharati Solutions are important questions that can be asked in the final exam. Maximum students of Maharashtra State Board 12th Board Exam prefer Balbharati Textbook Solutions to score more in exam.

Get the free view of chapter 4 Issue of Debentures 12th Board Exam extra questions for Secretarial Practice 12th Standard HSC Maharashtra State Board and can use Shaalaa.com to keep it handy for your exam preparation

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