Q.1 (A) (1) Letter of _____ is sent to applicants who have not been given shares by the company.
Secretarial Practice
Every question from past board papers on Secretarial Practice, newest paper first. Open any question for its full worked answer.
Maharashtra HSC Secretarial Practice Board Paper March 2026 with Answers
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Q.1 (A) (2) Finance is the management of _____ affairs of the company.
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Q.1 (A) (3) Shares issued free of cost to the shareholders are known as _____ shares.
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Q.1 (A) (4) A company cannot accept deposits for more than _____ months.
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Q.1 (A) (5) _______ participate in the management of the company.
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Q.1 (B) (1) The return on investment paid to the creditors by the company.
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Q.1 (B) (2) The internal source of financing.
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Q.1 (B) (3) A bill which is issued by Reserve Bank of India on behalf of the Government of India.
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Q.1 (B) (4) Transfer of shares due to operation of law.
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Q.1 (B) (5) Documentary evidence of holding the debentures.
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Q.1 (C) (1) A Bear expects the prices of shares to rise in future.
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Q.1 (C) (2) Bond is a source of Short term finance.
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Q.1 (C) (3) Dividend is payable every year irrespective of profits made by company.
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Q.1 (C) (4) Securities are fungible in Physical mode.
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Q.1 (C) (5) The details of debentureholders are entered in Register of Members.
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Q.1 (D) Select the correct option from the bracket:
Group ‘A’ Group ‘B’ (a) _________________ (1) Deposit from Members (b) First Depository in India (2) _________________ (c) _________________ (3) Capital Market (d) Public Deposit (4) _________________ (e) _________________ (5) Nifty (Short term loan, Private company, NSDL, Index of NSE, Funds for long term.)
Q.1 (D) (a) Group A (a) _____ matches Group B (1) Deposit from Members.
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Q.1 (D) (b) Group A (b) First Depository in India matches Group B (2) _____.
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Q.1 (D) (c) Group A (c) _____ matches Group B (3) Capital Market.
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Q.1 (D) (d) Group A (d) Public Deposit matches Group B (4) _____.
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Q.1 (D) (e) Group A (e) _____ matches Group B (5) Nifty.
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Q.2 (1) Debenture Certificate
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Q.2 (2) Fixed Capital
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Q.2 (3) Register of Deposit
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Q.2 (4) Dematerialization
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Q.2 (5) Stock Exchange
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Q.2 (6) Overdraft
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Q.3 (1) Mrs. Khushi wishes to open a Demat Account in her name.
(a) Can she open the account going to Mumbai office of NSDL?
(b) Is she required to pay for opening of account and its maintenance?
(c) Does she have to send the shares to respective company for demating? -
Q.3 (2) Harsh Company Limited decides to pay interim dividend.
(a) Is the board justified to decide interim dividend of ₹ 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 company must pay dividend to shareholders from the date of declaration? -
Q.3 (3) Angel Company Ltd. plans to raise funds through public deposits. Its net worth is ₹ 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? -
Q.4 (1) Equity shares and Preference shares
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Q.4 (2) Dividend and Interest
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Q.4 (3) Jobber and Broker
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Q.4 (4) Initial Public Offer and Further Public Offer
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Q.5 (1) State any four terms and conditions regarding acceptance of deposit.
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Q.5 (2) State the features of Interim Dividend.
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Q.5 (3) State any four factors affecting working capital requirement.
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Q.6 (1) Debenture trustees are appointed by a company issuing debentures.
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Q.6 (2) Depository system is very similar to the banking system.
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Q.6 (3) There are many participants in money market.
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Q.6 (4) Company has to fulfill certain provisions while making Right Issue.
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Q.7 (1) Draft a reply letter resolving the query of the member on low rate of dividend.
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Q.7 (2) Write a letter to debentureholder informing him/her about conversion of debentures into equity shares.
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Q.7 (3) Draft a letter of thanks to the depositor of a company.
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Q.8 (1) What is debenture? Explain the different types of debentures.
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Q.8 (2) Explain briefly the procedure for allotment of shares.
Maharashtra HSC Secretarial Practice Board Paper June 2026 with Answers
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Q.1 (A) (i) Company has to pay ________ to government.
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Q.1 (A) (ii) A depository receipt traded in ________ is called American Depository Receipt.
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Q.1 (A) (iii) ________ of shares takes place due to operation of law.
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Q.1 (A) (iv) Money from _____ account is used for redemption of debentures.
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Q.1 (A) (v) Deposits are _____ loans of the company.
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Q.1 (B) (i) The agent of the depository.
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Q.1 (B) (ii) The return paid to the creditors by the company.
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Q.1 (B) (iii) Instrument for payment of dividend.
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Q.1 (B) (iv) A specific place where trading of securities is arranged in an organized method.
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Q.1 (B) (v) A market which provides short term funds.
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Q.1 (C) (a) Match from Group ‘B’: Working capital
Group ‘B’: (1) Maximum 36 months; (2) Trading of financial securities; (3) Problem faced in physical mode; (4) Sum of current assets; (5) Power to issue debentures; (6) Maximum 30 months; (7) Sum of current liabilities; (8) Trading of commodities; (9) NCLT; (10) Problem faced in electronic mode -
Q.1 (C) (b) Match from Group ‘B’: Board of Directors
Group ‘B’: (1) Maximum 36 months; (2) Trading of financial securities; (3) Problem faced in physical mode; (4) Sum of current assets; (5) Power to issue debentures; (6) Maximum 30 months; (7) Sum of current liabilities; (8) Trading of commodities; (9) NCLT; (10) Problem faced in electronic mode -
Q.1 (C) (c) Match from Group ‘B’: Tenure of deposits
Group ‘B’: (1) Maximum 36 months; (2) Trading of financial securities; (3) Problem faced in physical mode; (4) Sum of current assets; (5) Power to issue debentures; (6) Maximum 30 months; (7) Sum of current liabilities; (8) Trading of commodities; (9) NCLT; (10) Problem faced in electronic mode -
Q.1 (C) (d) Match from Group ‘B’: Financial Market
Group ‘B’: (1) Maximum 36 months; (2) Trading of financial securities; (3) Problem faced in physical mode; (4) Sum of current assets; (5) Power to issue debentures; (6) Maximum 30 months; (7) Sum of current liabilities; (8) Trading of commodities; (9) NCLT; (10) Problem faced in electronic mode -
Q.1 (C) (e) Match from Group ‘B’: Bad delivery
Group ‘B’: (1) Maximum 36 months; (2) Trading of financial securities; (3) Problem faced in physical mode; (4) Sum of current assets; (5) Power to issue debentures; (6) Maximum 30 months; (7) Sum of current liabilities; (8) Trading of commodities; (9) NCLT; (10) Problem faced in electronic mode -
Q.1 (D) (i) Land and Building, Plant and Machinery, Cash
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Q.1 (D) (ii) Face value, Redemption value, Market value
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Q.1 (D) (iii) SEBI, Debentureholder, Shareholder
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Q.1 (D) (iv) Dividend account, Dividend mandate, Unpaid/Unclaimed dividend account
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Q.1 (D) (v) New issue market, Secondary market, Call money market
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Q.2 (i) Investment Decision
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Q.2 (ii) Trade Credit
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Q.2 (iii) Initial Public Offer (IPO)
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Q.2 (iv) Debenture Certificate
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Q.2 (v) Rematerialization
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Q.2 (vi) Stock Exchange
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Q.3 (i) ALPHA Company Ltd. has made a demand on its shareholders to pay the balance unpaid amount of ₹ 20/- per share (having a face value of ₹ 100/-) held by them. The company has sent letters asking the shareholders to pay the money to its bankers within the specified time.
(a) Are the shareholders liable to pay ₹ 20/- for the shares held by them?
(b) Name the letter sent by the company to its shareholders asking them to pay ₹ 20/-.
(c) What happens if a shareholder fails to pay the money within the specified time? -
Q.3 (ii) 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? -
Q.3 (iii) DONALD Company Ltd. declares a dividend of ₹10/- per share for F.Y. 2024-25.
(a) Is company under default, if dividend was not paid within 30 days of its 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? -
Q.4 (i) Owned Capital and Borrowed Capital
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Q.4 (ii) Rights Shares and Bonus Shares
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Q.4 (iii) Interim Dividend and Final Dividend
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Q.4 (iv) Jobber and Broker
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Q.5 (i) State any four provisions of Companies Act, 2013 for issue of debentures.
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Q.5 (ii) Explain the features of Interest.
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Q.5 (iii) State any four functions of financial market.
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Q.6 (i) There are various factors affecting the requirement of fixed capital.
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Q.6 (ii) Debenture trustees are appointed by a company issuing debentures.
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Q.6 (iii) All companies cannot accept deposits from public.
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Q.6 (iv) Electronic holding of securities is safer than physical holding.
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Q.7 (i) Write a letter to the member for the issue of Share certificate.
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Q.7 (ii) Draft a letter of allotment to debentureholder.
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Q.7 (iii) Draft a letter to depositor informing him about payment of interest through Interest Warrant.
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Q.8 (i) What is Debenture? Explain the different types of debentures.
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Q.8 (ii) Explain the statutory provisions for allotment of shares.
Maharashtra HSC Secretarial Practice Board Paper March 2025 with Answers
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Q.1 (A) (1) The holder of bond is _____ of the company.
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Q.1 (A) (2) Company has to appoint _____ to protect the interest of depositors.
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Q.1 (A) (3) The rate of interest payable on debenture is _____.
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Q.1 (A) (4) Demat shares are_____ .
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Q.1 (A) (5) Central government is a borrower in the money market through the issue of _______.
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Q.1 (B) (1) Depository Receipt traded in USA is called as Global Depository Receipt.
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Q.1 (B) (2) FPO refers to offering of shares to the public for the first time.
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Q.1 (B) (3) Bonus shares are issued as a free gift to the Preference Shareholders.
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Q.1 (B) (4) Dividend is an obligation to be paid by a company every year.
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Q.1 (B) (5) A stock market is an important constituent of money market.
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Q.1 (C) (a) Match from Group ‘B’: Financial Market
Group ‘B’: (1) Secured debentures; (2) 1996; (3) Mix up of various sources of funds; (4) Trading of financial securities; (5) Risk capital; (6) Unsecured debentures; (7) Trading of commodities; (8) Safe capital; (9) Product mix; (10) 1956 -
Q.1 (C) (b) Match from Group ‘B’: Equity Share Capital
Group ‘B’: (1) Secured debentures; (2) 1996; (3) Mix up of various sources of funds; (4) Trading of financial securities; (5) Risk capital; (6) Unsecured debentures; (7) Trading of commodities; (8) Safe capital; (9) Product mix; (10) 1956 -
Q.1 (C) (c) Match from Group ‘B’: Charge on Assets
Group ‘B’: (1) Secured debentures; (2) 1996; (3) Mix up of various sources of funds; (4) Trading of financial securities; (5) Risk capital; (6) Unsecured debentures; (7) Trading of commodities; (8) Safe capital; (9) Product mix; (10) 1956 -
Q.1 (C) (d) Match from Group ‘B’: Depository Act
Group ‘B’: (1) Secured debentures; (2) 1996; (3) Mix up of various sources of funds; (4) Trading of financial securities; (5) Risk capital; (6) Unsecured debentures; (7) Trading of commodities; (8) Safe capital; (9) Product mix; (10) 1956 -
Q.1 (C) (e) Match from Group ‘B’: Capital Structure
Group ‘B’: (1) Secured debentures; (2) 1996; (3) Mix up of various sources of funds; (4) Trading of financial securities; (5) Risk capital; (6) Unsecured debentures; (7) Trading of commodities; (8) Safe capital; (9) Product mix; (10) 1956 -
Q.1 (D) (1) Dividend once declared cannot be revoked.
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Q.1 (D) (2) Authorized capital is mentioned in capital clause of Memorandum of Association.
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Q.1 (D) (3) Fixed capital is also referred as circulating capital.
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Q.1 (D) (4) Depositors are given voting rights.
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Q.1 (D) (5) Bombay Stock Exchange (BSE) is the oldest stock exchange in India.
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Q.2 (1) Fixed capital
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Q.2 (2) Overdraft
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Q.2 (3) Debenture certificate
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Q.2 (4) Secured Deposit
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Q.2 (5) Rematerialization
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Q.2 (6) Bull
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Q.3 (1) STAR Company Ltd. has recently come out with its public offer through FPO. Their issue was oversubscribed. The Board of Directors now wants to start the allotment process. Please advise the Board on:
(a) Should the company set up allotment committee?
(b) How should the company inform the applicants to whom the company is alloting shares?
(c) Within what period should the company issue share certificate? -
Q.3 (2) Mr. Z holds 50 shares of Peculiar Company Ltd. in physical mode and wishes to convert the same into electronic mode.
(a) Mr. Z 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 for the same?
(c) Is it the RBI which will be the custodian of shares of Mr. Z after demating? -
Q.3 (3) XYZ Company Ltd. decides to declare dividend for the financial year 2021-22 in which it has earned profits less than their expectations.
(a) Is Board right in recommending a dividend of ₹ 5/- per share out of free reserves?
(b) Can Board declare the dividend though it is not approved by Annual General Meeting?
(c) Can the Board give dividend in the form of gifts? -
Q.4 (1) Shares and Debentures
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Q.4 (2) Transfer of shares and Transmission of shares
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Q.4 (3) Final Dividend and Interim Dividend
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Q.4 (4) Primary Market and Secondary Market
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Q.5 (1) State the provisions relating to Bonus Shares.
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Q.5 (2) Explain the features of Interest.
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Q.5 (3) Explain any four features of Stock Exchange.
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Q.6 (1) The firm has multiple choices of sources of financing.
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Q.6 (2) A company can issue only certain types of debentures.
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Q.6 (3) Company has to fulfill certain provisions relating to issue of circular or advertisement.
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Q.6 (4) ISIN is a necessary component of Demat.
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Q.7 (1) Write a letter to depositor regarding renewal of his deposit.
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Q.7 (2) Write a letter to the debenture holder informing him/her about conversion of debentures into equity shares.
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Q.7 (3) Write a letter to the member for the payment of dividend through dividend warrant.
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Q.8 (1) What are Preference Shares? Explain the different types of Preference Shares.
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Q.8 (2) Explain the procedure for allotment of shares.