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Units

1. Business Finance 41 - 54

l Topic 1 - Business Finance : An Introduction

l Topic 2 - Financial Planning

l Topic 3 - Capital Structure

l Topic 4 - Fixed Capital and Working Capital

2. Sources of Business Finance 55 - 75

l Topic 1 - Nature and Significance : Financial Requirements and Sources

l Topic 2 - Methods of Raising Finance

l Topic 3 - Debentures and Bonds

l Topic 4 - Retained Profits, Public Deposits and Loans

l Topic 5 - Trade Credit, Discounting of Bills of Exchange, ADR and GDR

3. Role of a secretary in the Capital Formation (Part I) 76 - 92

l Topic 1- Meaning and Types of Issue of Shares

l Topic 2 - Procedure of Issue of Shares and its Allotment

l Topic 3 - Issue of Share Certificate and Share Warrant : Meaning,

Provisions, Procedure and Difference

l Topic 4 - Transfer and Transmission of Shares : Meaning,

Provision, Procedure and Difference

4. Role of a secretary in the Capital Formation (Part II) 93 - 112

l Topic 1 - Issue of Debentures : Procedure, Conversion and Redemption

l Topic 2 - Deposits : Invitation, Acceptance, Renewal, Repayment,

Default and Remedies

l Topic 3 - Depositories and Dematerialisation of Securities

5. Declaration and Payment of Dividend 113 - 120

l Topic 1 - Meaning and Provisions Related to Ascertainment,

Declaration and Payment of Dividend

l Topic 2 - Procedure of Payment of Dividend, Provisions Regarding

Unpaid/Unclaimed Dividend, Interim Dividend and Final Dividend

6. Correspondence of company secretary with Members,

Debenture holders and Depositors 121 - 147

l Topic 1 - Correspondence with Members

l Topic 2 - Correspondence with Debenture- holders

l Topic 3 - Correspondence with Depositors

7. Financial Markets 148 - 167

l Topic 1 - Financial Market Concept

l Topic 2 - Money Market and Capital Market : Nature, Constituents, Instruments

l Topic 3 - Stock Exchange and SEBI

( 3 )

• Examination Paper of HSC Exam March 2016 9 - 10

• Topper Answers of HSC Exam March 2015 11 - 39

CONTENTS

Note : Solutions of the Examination Paper are given within the book in their respective chapters / topics.

PREFACE

( 4 )

Malcolm Forbes said “Education's purpose is to replace an empty mind with an open one” and

this is something which is always followed by Maharashtra State Board of Secondary & Higher Education (MSBSHSE). The aim of the Board is not just to let learners obtain basic knowledge but to make

them life-long learners.

The purpose of this book is to nurture individuality and thus enhance one's innate potentials which help in increasing the self-study mode for students. This book strengthens knowledge and attitude related to subject. This book is designed in such a way that students can set their own goals and can improve their problem solving and thinking skills.

This book is strictly as per the latest Maharashtra Board Curriculum for HSC Exams. It

contains variety of questions from latest textbooks. It contains all types of questions like VSA Questions (Very Short Answer), SA Questions (Short Answer), MCQs (Multiple Choice Questions) and LA Questions (Long Answer). A synopsis is given for every chapter which contains important points from that chapter. Each chapter has high quality figures wherever required for better, fast and clear understanding.

OSWAAL HSC Question Bank is different and better in terms of High Quality Questions which

are developed by 'OSWAAL Expert Panel'. The Question Bank is strictly based on the latest MSBSHSE

Textbooks and is arranged ‘TOPIC-WISE’ where each Topic from every Chapter is explained in detail.

Through OSWAAL Books students are taught how to think, not what to think. We at OSWAAL Books try to use quality content, standard language, creativity and high quality figures, which makes readers to enjoy it because we believe if our readers don't enjoy reading our book then there is no use in reading it at all. This is one of the reasons that the scope of this book extends from students to teachers. Teachers can use this book as a perfect teaching guide and students can use this book for good learning and practice.

At last we would like to thank our authors, editors, reviewers and specially students whom we request to send suggestions regularly which will help in continuous improvement of this book and will

make this book “One of the Best”. Wish you all Happy Learning.

–Publisher

1. Chapter-wise and Topic –wise resentation in Question Banks facilitates systematic study.

2. Question Banks can be referred to by the

students throughout the year as well as at

the completion of each chapter in school.

3. Question Banks, take into account any

changes in syllabus or layout and hence are

fully updated and aligned as per the latest

specifications by the Board.

Question Bank Previous Years' Paper

1. Year Wise presentation restricts methodical flow of learning.

2. These can be referred to only after the completion of the full syllabus in school.

3. Previous Years' questions cannot be changed and hence fail to be adept with the latest Board specifications

Why Topic Wise Question Banks Are A Better Choice than Previous Year’s Papers ?

( 5 )

LATEST SYLLABUS

Specific Objectives

Ÿ To acquire the knowledge of business finance, sources of business finance.

Ÿ To understand the role of secretary in the capital formation.

Ÿ To know about the declaration and payment of dividend.

Ÿ To acquire the knowledge of correspondence of a company secretary with members, debenture

holders and depositors.

Ÿ To give the information about financial markets.

UNIT-1 Business Finance

Ÿ Business Finance – Meaning, role, objectives of financial management.

Ÿ Financial planning – Meaning and importance.

Ÿ Capital structure – Meaning and factors.

Ÿ Fixed and working capital – Meaning and factors affecting their requirements.

UNIT-2 Sources of Business Finance

Ÿ Nature and significance: Financial requirements and sources.

Ÿ 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

UNIT-3 Role of a Secretary in the Capital Formation Part I

Ÿ Meaning of issue of shares at par, premium and discount, at bid price

Ÿ Meaning of Initial public offer.

Ÿ Meaning of bonus issue

Ÿ Meaning of rights issue

Ÿ Meaning of Employee stock option scheme

Ÿ Meaning of private placement.

Ÿ Issue of shares – procedure

Ÿ Allotment – Meaning, conditions for valid allotment, procedure

Ÿ Transfer and Transmission of shares – Meaning, provisions, procedure, difference.

Ÿ Issue of share certificate and share warrant – Meaning, provisions, procedure, difference.

UNIT-4 Role of a Secretary in the Capital Formation Part II

Ÿ Issue of debentures – procedure, conversion and redemption of debentures

Ÿ Deposits – invitation, acceptance, renewal, repayment, default and remedies

...Contd.

( 6 )

Ÿ Depositories and dematerialization of securities – meaning, importance, procedure, secretarial

duties in issuing securities in dematerialized form

UNIT-5 Declaration and payment of dividend

Ÿ Meaning

Ÿ Provisions related to ascertainment of dividend, declaration of dividend and payment of

dividend

Ÿ Procedure of payment of dividend.

Ÿ Provisions regarding unpaid / unclaimed dividend

Ÿ Interim and final dividend – Meaning and difference

UNIT-6 Correspondence of company secretary with members,debenture holders and depositors

Ÿ Allotment of shares

Ÿ Regret letter

Ÿ Lodgement notice

Ÿ Approval / Refusal of Transfer of shares

Ÿ Issue of bonus shares

Ÿ Distribution of dividend – notice

Ÿ Allotment of debentures

Ÿ Redemption of debentures

Ÿ Conversion of debentures into shares

Ÿ Payment of interest on debentures

Ÿ Letter thanking the investor for deposits

Ÿ Payment of interest (Basic information of TDS to be given)

Ÿ Renewal of deposits

Ÿ Repayment of deposits

UNIT -7 Financial markets

Ÿ Concept of Financial market

Ÿ Money market – nature, instruments.

Ÿ Capital market- nature and constituents – primary and secondary market.

Ÿ Distinction between capital market and money market.

Ÿ Stock Exchange – meaning, functions, BSE, NSEI, Trading procedure.

Ÿ Securities Exchange Board of India (SEBI) objectives, functions.

( 7 )

...Contd.

PROJECT WORK - Std. XII

1) Specimen presentation of different kinds of share certificates.

2) Specimen presentation of different kinds of debenture certificates.

3) Interview report of an underwriter.

4) Functional report of SEBI.

5) Visit report – Financial institution other than bank.

6) Presentation of prospectus and your observations.

7) Introduction to latest instruments of debts – (Refer Economic Times, Business Today, internet).

8) Informative report of public deposits offer by company.

9) Informative report of DEMAT account.

10) Report about dividend policy of any company.

11) Specimen presentation of letters issued by company

(Do not use specimen letters given in the book).

12) Collection of news clippings about share market.

13) Functional report of stock exchange.

14) Prepare specimen – Dividend warrant, Interest warrant

Note –

The above list of projects is given only as guidelines. Being creative and innovative, students may select

any topic for project related to the syllabus.

( 8 )

ExaminationPaper

Maharashtra HSC ExamMarch 2016

Set no. : J 725

SECRETARIALPRACTICE

Time : 3 Hours Maximum Marks : 80

Note : (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. (A) Select the proper option from the options given below and rewrite the sentences : (15)

(1) Advice to Board of Directors in respect of financial matters is given by .......................... . (5) (a) an auditor (b) a secretary (c) a finance manager

(2) A person who purchases shares of a company is called a ....................... . (a) shareholder (b) bond holder (c) creditor

(3) Return of allotment is to be filed with the registrar within .............. days from the date of allotment. (a) 60 (b) 45 (c) 30

(4) Government company may accept deposits from public up to ................. of the aggregate of its paid up capital and free reserve.

(a) 35% (b) 30% (c) 25%

(5) Refusal to allotment of shares is conveyed through a ...................... letter. (a) regret (b) allotment (c) call

(B) Match the correct pairs : (5)

Group 'A' Group 'B' (a) Financial plan (1) Savings account (b) Overdraft facility (2) More applications than expected (c) Under subscription (3) Share warrantholder (d) Dividend coupon (4) Management of business funds (e) Deposit Receipt (5) Share certificate holder (6) Current account (7) Evidence of deposit (8) Owner of the company (9) Less applications than expected (10) Advance programming of financial management

(C) Write a word or a term or a phrase which can substitute each of the following statements : (5) (1) The value of share which is determined by demand and supply forces in the share market. (2) The authority which has power to accept deposits. (3) Portion of the profits which is allocated to the shareholders. (4) A type of bill in the nature of promissory note issued by the government. (5) The place where buying and selling of securities takes place.

Q. 2. Distinguish between the following (Any THREE) : (15) (1) Shares and Debentures. (2) Transfer of shares and Transmission of shares.

Oswaal Maharashtra HSC Previous YearQuestions With Complete Solution

Chapterwise For Class 12 SecretarialPractices For 2017 Exam

Publisher : Oswaal Books ISBN : 9789386177704 Author : Panel Of Experts

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