SP Feb 2022 HSC Maharashtra Board Secretarial Practice Question Paper

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If you are looking for the HSC Maharashtra Board Secretarial Practice (SP) question paper for Feb-2022, you’ve come to the right place! Here, we provide the official SP exam paper to help students understand the paper pattern, marking scheme, and important questions. Download the complete PDF and enhance your exam preparation with real exam experience.

FEB 2022

SECRETARIAL PRACTICE (52)

Time: 3 Hrs.                                                                                                                            Max. 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 correct answer from the options given below and rewrite the statement:        (5) 

1. _____ is related to money and money management. 

    a) Production    b) Marketing    c) Finance 

2. Secured debentures must be redeemed within _____ from the date of its issue. 

    a) 10 days    b) 10 years    c) 15 years 

3. India has a _____ depository system. 

    a) sole    b) multi    c) single 

4. Dividend is to be paid to the shareholders within _____ from the date of declaration. 

    a) 30 days    b) 40 days    c) 20 days 

5. Accumulated dividend is paid to _____ preference shares. 

    a) redeemable    b) cumulative    c) convertible 

(B) Match the pairs:                                                                                                                                       (5) 

Group AGroup B
Investment in debentureFinancial marketPrice of shares mentioned in prospectusCorporate financeListed companyDeals with acquisition and use of capitalMust inform stock exchange about dividend declarationTrading of financial securitiesSafe and secure investmentMust inform government about dividend declarationFixed price issue methodRisky investmentTrading of commoditiesDeals with acquisition and use of assetsBook Building method

(C) State whether the following statements are true or false:                                                               (5) 

1. Dividend can be paid out of capital. 

2. Deposit can be accepted for a maximum of 6 months. 

3. Depository bank stores the shares on behalf of GDR holders. 

4. Securities market is an unorganized marketplace in India. 

5. Bonus shares are fully paid-up shares. 

(D) Correct the underlined word/s and rewrite the following sentences:                                            (5) 

1. Depositors are owners of the Company. 

2. Retained earnings are an external source of finance. 

3. To rate its debentures a company appoints underwriters. 

4. Companies sell fresh shares for the first time to the public in secondary market. 

5. Preference shareholders get dividend from residual profits. 

Q. 2. Explain the following terms/concepts: (Any Four)                                                                       (8)

  1. Production Cycle
  2. Overdraft
  3. Employee Stock Purchase Scheme (ESPS)
  4. Depository Participants (DP)
  5. Rate of Dividend
  6. Right Issue

Q. 3. Study the following case/situation and express your opinion: (Any Two)                                  (6)

1. Sunflower limited company proposes to issue debenture to the public to raise funds. After discussions, the Board of directors has decided to issue secured, Redeemable non-convertible debentures with a tenure of ten years. Please advise the board on the following matters:

  1. Should the company appoint a Debenture trustee?
  2. Should the company create a charge on its assets?
  3. Can the tenure of debentures be less than ten years?

2. ABC Company Ltd. is an eligible Public Company as per the Companies Act, 2013 with reference to accepting Public Deposits:

  1. Can the company accept deposits in joint names?
  2. Can the company accept deposits from its members?
  3. Can the company issue secure deposits?

3. Joy Ltd. Company is a newly incorporated company. It wants to raise capital for the first time by issuing equity shares.

  1. Should it go to the primary market or secondary market to issue its shares?
  2. Should it offer its shares through public offer or rights issue?
  3. What will be the issue of equity shares by Joy Ltd. Co. called as IPO or FPO?

Q. 4. Distinguish between the following: (Any Three)                                                                            (12)

  1. Fixed Capital and Working Capital
  2. Transfer of Shares and Transmission of Shares
  3. Dematerialization and Re-materialization
  4. Primary Market and Secondary Market

Q. 5. Answer the following questions in brief: (Any Two)                                                                    (8)

  1. State the features of Bonds.
  2. Explain any four advantages of the Depository System to investors.
  3. Explain the features of interest.

Q. 6. Justify the following statement: (Any Two)                                                                                      (8)

  1. The Board of Directors can refuse transfer of shares.
  2. The Securities and Exchange Board of India (SEBI) is the regulator for the securities market in India.
  3. Unpaid dividend cannot be used by the company.
  4. A company can issue duplicate share certificates.

Q. 7. Attempt the following: (Any Two)                                                                                                    (10)

  1. Write a letter to the member for the payment of the Interim dividend electronically.
  2. Write a letter to the debenture holder regarding payment of interest through Interest Warrant.
  3. Draft a letter of thanks to the depositor of a company.

Q. 8. Answer the following questions: (Any One)                                                                                      (8)

  1. What are Preference shares? Explain its types.
  2. Explain the provisions of the Companies Act 2013 for the issue of Debentures

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