Maharashtra Board Class 12 Secretarial Practice Important Questions 2027 (Repeated in Board Exams)

Explain the following term / concept: Fixed Capital

Explain the following term / concept: Investment Decision

Select the proper option and rewrite: Finance is the management of _____ affairs of the company. (a) monetary (b) marketing (c) production

Distinguish between: Fixed Capital and Working Capital

Correct the underlined word and rewrite: Bond is a source of Short term finance.

Explain the following term / concept: Overdraft

Distinguish between: Owned Capital and Borrowed Capital

Explain the following term / concept: Borrowed Capital

Select the correct answer and rewrite: The holder of bond is _____ of the company. (a) secretary (b) owner (c) creditor

Answer in detail: Explain briefly the procedure for allotment of shares.

Distinguish between: Rights Shares and Bonus Shares

Explain the following term / concept: Right Issue

Answer in detail: What are Preference Shares? Explain the different types of Preference Shares.

Justify the following statement: Debenture trustees are appointed by a company issuing debentures.

Explain the following term / concept: Debenture Certificate

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

Answer in brief: State any four terms and conditions regarding acceptance of deposit.

Select the proper option and rewrite: A company cannot accept deposits for more than _____ months. (a) 24 (b) 36 (c) 45

Study the case and express your opinion: Angel Company Ltd. plans to raise funds through public deposits. Its net worth is Rs.250 crores. (a) Can they accept deposits from the public? (b) Can they accept deposits which mature after 5 years? (c) Within what period should the company issue deposit receipt to its depositors?

Select the correct answer and rewrite: Deposits are _____ loans of the company. (a) fixed (b) long term (c) short term

Explain the following term / concept: Secured Deposit

Select the correct answer and rewrite: _____ of shares takes place due to operation of law. (a) Forfeiture (b) Transmission (c) Allotment

Attempt the following: Write a letter to debentureholder informing him/her about conversion of debentures into equity shares.

Attempt the following: Draft a letter of allotment to debentureholder.

Attempt the following: Draft a letter of thanks to the depositor of a company.

Attempt the following: Write a letter to depositor regarding renewal of his deposit.

Write a word/term/phrase: The return paid to the creditors by the company.

Distinguish between: Interim Dividend and Final Dividend

Attempt the following: Write a letter to the member for the payment of dividend through dividend warrant.

Study the case and express your opinion: Harsh Company Limited decides to pay interim dividend. (a) Is the board justified to decide interim dividend of Rs.10 per share even though profits till date are insufficient? (b) Can the board declare dividend out of free reserves? (c) In how many days must company pay dividend to shareholders from the date of declaration?

Attempt the following: Draft a reply letter resolving the query of the member on low rate of dividend.

Correct the underlined word and rewrite: Dividend is payable every year irrespective of profits made by company.

Answer in brief: Explain the features of Interest.

Study the case and express your opinion: DONALD Company Ltd. declares a dividend of Rs.10/- per share for F.Y. 2024-25. (a) Is company under default if dividend was not paid within 30 days of declaration? (b) Is company right in transferring the unpaid dividend to its Debenture Reserve Account? (c) Does the company have to transfer the amount of unpaid dividend to IEPF after 30 days?

Distinguish between: Dividend and Interest

Answer in brief: State the features of Interim Dividend.

State True or False: Dividend once declared cannot be revoked.

Correct the underlined word and rewrite: Securities are fungible in Physical mode.

Explain the following term / concept: Dematerialization

Select the correct answer and rewrite: A depository receipt traded in _____ is called American Depository Receipt. (a) London (b) Japan (c) U.S.A.

Explain the following term / concept: Rematerialization

Justify the following statement: Electronic holding of securities is safer than physical holding.

Study the case and express your opinion: Mr. Rajesh holds 100 shares of STAR Company Ltd. in demat mode. (a) He wants to transfer one share each to his wife, daughter and son. Can he do so? (b) Does he need to submit DRF or DIS if he wants to transfer his shares? (c) Can he nominate his wife in his demat account?

Study the case and express your opinion: Mr. Z holds 50 shares of Peculiar Company Ltd. in physical mode and wishes to convert into electronic mode. (a) He holds a Saving Bank Account with CFDH Bank Ltd. Can he deposit his shares into this account for demat? (b) What type of account is needed? (c) Is it the RBI which will be the custodian of shares after demating?

Write a word/term/phrase: A bill which is issued by Reserve Bank of India on behalf of the Government of India.

Distinguish between: Initial Public Offer and Further Public Offer

Correct the underlined word and rewrite: FPO refers to offering of shares to the public for the first time.

Distinguish between: Primary Market and Secondary Market

Correct the underlined word and rewrite: A stock market is an important constituent of money market.

Explain the following term / concept: Stock Exchange

Correct the underlined word and rewrite: A Bear expects the prices of shares to rise in future.