2024
VII
18
1100
J-999
(E)
SECRETARIAL PRACTICE (52)
Time : 3 Hrs.
(July 2024)
Max. Marks : 80
Notes :
- (1) All questions are compulsory.
- (2) Figures to the right indicate full marks for the questions.
- (3) Figures to the left indicate question numbers.
- (4) Answer to every question must be started on a new page.
Q. 1.
[20]
(A) Write a word or a term or a phrase which can substitute each of the following statements :
(5)
- These shareholders are the ‘real masters’ of the company.
- Transfer of shares due to operation of law.
- The organisation which holds the securities in electronic mode.
- The return on investment paid to the shareholders of the company.
- A market which provides long term funds.
(B) State whether the following statements are True or False :
(5)
- Equity shareholders enjoy fixed rate of dividend.
- Debenture holders are paid interest.
- Return of deposit must be filled every year on or before 31st March.
- Electronic mode of holding securities is risky.
- Dividend once declared cannot be revoked.
(C) Select the correct option from the bracket :
(5)
| Group 'A' | Group 'B' |
|---|---|
| (a) Working Capital | (1) ____________________ |
| (b) ____________________ | (2) Employees Stock Option Scheme (ESOS) |
| (c) First Depository in India | (3) ____________________ |
| (d) ____________________ | (4) Dematerialization |
| (e) SEBI | (5) ____________________ |
(D) Select the correct answer from the options given below and rewrite the sentences :
(5)
- Dividend is paid first to __________ shareholders.
- When the trade bills are accepted by commercial banks, these are known as __________.
- Demated shares are __________.
- A __________ is one who expects fall in price of securities.
- Payment of __________ dividend must be authorized by the Articles of Association.
Q. 2. Explain the following terms / concepts (Any FOUR) :
[8]
- Ploughing back of profit
- Rights Issues
- Debenture Trust Deed
- Secured Deposit
- Depositor
- Broker
Q. 3. Study the following cases / situations and express your opinion (Any TWO) :
[6]
-
Anushka 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 convertible debentures?
- As the company is offering debentures to its members, can such debentures have normal voting rights?
- Capital raised by issuing debentures will be Owned Capital or Borrowed Capital?
-
A, B and Company Ltd. is an eligible Public Company as per the Companies Act, 2013 with reference to accepting public deposits :
- Can the company accept deposits in joint names?
- Can the company accept deposits from its members?
- Can the company issue secured deposits?
-
Mr. R. J. holds 100 shares of Viraj Co. Ltd. in Demat mode :
- He wants to transfer one share each to his wife, daughter and son. Can he do so?
- Does he need to submit DRF or DIS if he wants to transfer his shares?
- Can he nominate his wife in his demat account?
Q. 4. Distinguish between the following (Any THREE) :
[12]
- Owned Capital and Borrowed Capital
- Initial Public Offer (IPO) and Further Public Offer (FPO)
- Interim Dividend and Final Dividend
- Primary Market and Secondary Market
Q. 5. Answer in brief (Any TWO) :
[8]
- State the features of Bonds.
- State any four terms and conditions regarding acceptance of deposit.
- Explain DP as the constituent of Depository system.
Q. 6. Justify the following statements (Any TWO) :
[8]
- Equity shareholders are real owners and controllers of company.
- A shareholder of a public company can transfer shares.
- Unpaid dividend cannot be used by the company.
- Capital market is useful for corporate sector.
Q. 7. Attempt the following (Any TWO) :
[10]
- Write a letter to the member for the payment of dividend through Dividend Warrant.
- Draft a letter of allotment to debentureholder.
- Draft a letter of thanks to the depositor of a company.
Q. 8. Answer the following questions (Any ONE) :
[8]
- What is preference shares? Explain its features.
- Explain the procedure for issue of debentures.
