Practice Test

Q1) Interim dividend is declared at the _______. Show Answer

Q2) At least ___________ days notice must be given to the members for payment of call money. Show Answer

Q3) A notice of forfeiture must make reference to the __________ authorizing the board of directors to forfeit the share s. Show Answer

Q4) Power to make call rests in ___________. Show Answer

Q5) Fresh issue of shares must be first offered to __________. Show Answer

Q6) ______ dividend is that dividend which is paid in between two annual general meeting of the company. Show Answer

Q7) ____________ Shares can be forfeited. Show Answer

Q8) Fully paid shares cannot be ____________ to the company. Show Answer

Q9) A share warrant is a _________ document. Show Answer

Q10) A secretary is a _________ of the company. Show Answer

Q11) _____________ is paid after the company prepares final accounts at the end of financial year. Show Answer

Q12) Shares are transmitted when shareholder __________. Show Answer

Q13) The applicants who are not allotted any shares must be sent __________. Show Answer

Q14) The shareholder has the right to receive a dividend only if it is declared in________ of the company. Show Answer

Q15) A company may utilize a part of its general reserve for issuing __________. Show Answer

Q16) In case of death of shareholders shares are __________. Show Answer

Q17) A letter of __________ must be sent to the shareholder before forfeiting shares. Show Answer

Q18) The dividend on ____________ shares is uncertain. Show Answer

Q19) An amount of call should not exceed __________% of the face value of share. Show Answer

Q20) __________ has been defined as the portion of distributable profit of the company, which a shareholder is entitled to receive. Show Answer

Q21) Members are the ________ of the company. Show Answer

Q22) The rate of dividend to equity shareholder varies from year to year depending upon the size of the _________ amongst equity shareholders. Show Answer

Q23) Letter of ______________ is always accompanied by the necessary refund of application money. Show Answer

Q24) Interim dividend is declared by ________. Show Answer

Q25) _________ Letter is Written by the secretary to members when company wants additional uncalled capital. Show Answer

Q26) The dividend paid before the close of the company's financial year is called _______. Show Answer

Q27) _______ letter is written to the member informing him about the termination of his membership. Show Answer

Q28) _________ Letter is to be preserved as it is to be exchanged for the share certificate. Show Answer

Q29) While writing letters to the members the secretary has to play the role of ________ Show Answer

Q30) Secretarial correspondence with members should be of ________ nature. Show Answer

Q31) Calls on shares are made by the ________. Show Answer

Q32) Dividend Warrant is signed by _______ directors. Show Answer

Q33) ___________ Letter need not be preserved. Show Answer

Q34) _____ Dividend is declared by the directors. Show Answer

Q35) __________ is a letter asking the member to pay a part or whole of the balance amount on his shares. Show Answer

Q36) _________ is exchanged for a new share certificate. Show Answer

Q37) _________ is an intimation of rejection of investors application for purchase of shares. Show Answer

Q38) Membership is terminated when letter of _________ is issued by the company to its member. Show Answer

Q39) Share certificate should be ready for delivery by the company within ________ months after the allotment of shares. Show Answer

Q40) _______ letter is an official intimation to the applicant about allotment of shares. Show Answer

Q41) Letter of allotment is a favourable reply while letter of regret is an unfavourable reply to the applicant. Show Answer

Q42) Refund order must be enclosed with a regret letter. Show Answer

Q43) Company can refuse for transfer of shares, if call money is not paid by the shareholder, Show Answer

Q44) Regret letter is often sent to the members. Show Answer

Q45) The shares are forfeited when calls on shares are paid in time. Show Answer

Q46) Regret letter is accompanied by a share certificate. Show Answer

Q47) Letter of Allotment need not be preserved. Show Answer

Q48) Bonus shares are issued to existing equity shareholders. Show Answer

Q49) By mere hand delivery shares can be transferred. Show Answer

Q50) Allotment means distribution of shares amongst those who have applied for. Show Answer

Q51) ________ is exchanged for a new share certificate. Show Answer

Q52) A company issues ________ on conversion of shares into share warrant. Show Answer

Q53) ________ letters is send to intimate shareholders that certain number of shares are given to him. Show Answer

Q54) The dividend to registered shareholders of the company is paid through ________ warrant. Show Answer

Q55) The refusal of allotment of share is communicated by sending _______ letter. Show Answer

Q56) ________ does not bear the name of the holder. Show Answer

Q57) Shareholders are the ________ of the company. Show Answer

Q58) _______ is a link between the Directors and the members. Show Answer

Q59) The _______ communicate all the information to the members by correspondence. Show Answer

Q60) The secretary must use ______ words and sentences while writing letters to the members. Show Answer

Q61) The secretary should not disclose ______ information of the company to the members. Show Answer

Q62) Politeness means use of ________ language. Show Answer

Q63) A share certificate is a ______ document of title to the shares issued by the company under the common seal duly stamped and signed. Show Answer

Q64) As per SEBI, companies are required to send share certificates by _______ post. Show Answer

Q65) ______ is the portion of the profits of the company which is distributed to the shareholders of the company. Show Answer

Q66) Dividend is declared and approved by the shareholders at ______. Show Answer

Q67) Directors communicate the decisions taken in the meeting of the shareholders. Show Answer

Q68) No care should be taken while giving facts and figures to the members. Show Answer

Q69) A complaint letter should be replied politely. Show Answer

Q70) Rude or harsh language should be avoided while corresponding with the members. Show Answer

Q71) The secretary can disclose any secret information to the shareholders. Show Answer

Q72) Politeness means use of courteous language. Show Answer

Q73) It is not compulsory to follow relevant provisions of the companies Act, 2013. Show Answer

Q74) A share certificate is a bearer document. Show Answer

Q75) A share certificate is sent by ordinary post. Show Answer

Q76) Only electronic mode is used to pay dividend to the shareholders. Show Answer

Q77) __________ acts as a link between the Directors and the Members. Show Answer

Q78) __________ are the owners of the company. Show Answer

Q79) Directors are the __________. Show Answer

Q80) Secretarial correspondence with the members should be __________. Show Answer

Q81) __________ is a registered document of title to the shares. Show Answer

Q82) As per __________ circular, companies are required to send share certificates by 'Registered Post'. Show Answer

Q83) __________ is issued by the company to its registered shareholders after the declaration of dividend at the Annual General Meeting of the company. Show Answer

Q84) Dividend is paid out of __________ of the company. Show Answer

Q85) Dividend is to be paid to the shareholders within __________ days from the date of declaration. Show Answer

Q86) Dividend is recommended by __________. Show Answer

Q87) Dividend has to be approved by the __________ in the Annual General Meeting. Show Answer

Q88) Registered shareholders receive dividend through __________ warrant . Show Answer

Q89) Shares issued free of cost to the shareholders are known as __________ shares Show Answer

Q90) Bonus Shares are issued by the company out of its __________. Show Answer

Q91) The secretary should not disclose any confidential information of the company to the members. Show Answer

Q92) The secretary can consult legal advisor on certain matter while drafting letters. Show Answer

Q93) Share certificates can be issued with the signature of one director. Show Answer

Q94) Companies can send the Share Certificates to the members through regular post. Show Answer

Q95) Every company must issue or dispatch a share certificate to the allottee within three months after allotment of shares. Show Answer

Q96) Dividend is the portion of the profits of the company which is allotted to the holders of the debentures of the company. Show Answer

Q97) Registered shareholder gets dividend through dividend coupons. Show Answer

Q98) Dividend can also be paid in an electronic mode. Show Answer

Q99) Interim dividend is declared by the secretary in the middle of the accounting year. Show Answer

Q100) Dividend is to be paid to the shareholders within 20 days from the date of declaration. Show Answer

Q101) Building fund is used for issue of bonus shares. Show Answer

Q102) Bonus shares means capitalisation of reserve fund. Show Answer

Q103) The shareholders have to pay for bonus shares. Show Answer

Q104) A complaint letter should not be replied promptly. Show Answer