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WorksheetsCase study 2
Total questions: 19
Worksheet time: 25mins
HSNBC Ltd. company plans to raise ` 10 crores by issuing debentures. The Board of
Directors have some queries. Please advise them on the following
Can they issue irredeemable debentures?
Yes
No
Depends on the Registrar of Companies
With permission of SEBI
HSBNC Ltd. company plans to raise ` 10 crores by issuing debentures. The Board of
Directors have some queries. Please advise them on the following
Can they issue irredeemable debentures?
Yes
No
Needs to have a provision in its AOA
Needs sanction of SEBI
HSBNC Ltd. company plans to raise ` 10 crores by issuing debentures. The Board of
Directors have some queries. Please advise them on the following
As the company is offering debentures to its members, can such debentures have normal
voting rights ?
Yes
No
Debentures need to have equality
Schefi financial Ltd plans to raise ` 10 crores by issuing secured, Non-convertible debentures.
However, as per the Articles of Association, the board of directors have authority onlyto raise upto 5 crores.
They are also considering whether to go for private placement or
make public offer. Please advise them on the following
What can be the maximum tenure of the debentures to be issued ?
20 years
15 years
10 years
25 years
Morgan Danley Financial Ltd plans to raise ` 10 crores by issuing secured, Non-convertible debentures.
However, as per the Articles of Association, the board of directors have authority only to raise upto 5 crores. They are also considering whether to go for private placement or
make public offer. Please advise them on the following
b. Is the proposed issue within the borrowing powers of the board ?
Yes
No
MIDSE financial plans to raise ` 10 crores by issuing secured, Non-convertible debentures.
However, as per the Articles of Association, the board of directors have authority only to raise upto 5 crores. They are also considering whether to go for private placement or
make public offer. Please advise them on the following
Within what period should company issue Debenture certificate ?
12 months from date of issue
2 months from date of allotment
3 months from date of allotment
6 months from the date of allotment
Pficher Ltd. plans to raise funds through Public Deposits. It’s net worth is 10 Crores.
Can they accept deposits from the public
Yes
No
Woodland Inchi Ltd. plans to raise funds through Public Deposits. It’s net worth is10 Crores.
Can they accept deposits which matures after 4 years.
Yes
No
Inisha BioT Ltd. plans to raise funds through Public Deposits. It’s net worth is 10 Crores.
Within what period should the company issue deposit Receipt to it’s depositors ?
30 days
15 days
2 months
21 days
Good Sense Ltd. is an eligible Public Company as per the Companies Act, 2013 with reference to accepting Public Deposits.
Can the company accept deposits in joint names ?
Yes
No
Good Sense Ltd. is an eligible Public Company as per the Companies Act, 2013 with
reference to accepting Public Deposits.
Can the company accept deposits from it’s members ?
Yes
No
If permitted by AOA
If permitted by MOA
Good Sense Ltd. is an eligible Public Company as per the Companies Act, 2013 with reference to accepting Public Deposits.
Can the company issue secured deposits ?
Yes
No
Depends on the provisions of Companies Act, 2013
Depends on Registrar of Companies
Alcatel Incia Ltd. is an eligible Public Company. It plans to raise secured deposits
from the public. Please advice its Board on the following.
Does the company need to get shareholders approval for accepting deposits ?
Yes
No
Xylo DIN Ltd. is an eligible Public Company. It plans to raise secured deposits from the public. Please advice its Board on the following.
Does the company have to appoint a Debenture Trustee ?
Yes
No
Ziniesta Ltd. is an eligible Public Company. It plans to raise secured deposits
from the public. Please advice its Board on the following
Within what period should the company create a charge on it’s assets ?
20 days of acceptance of deposit
21 days of acceptance of deposit
30 days of acceptance of deposit
1 month of acceptance of deposit
SUN Pharma Pvt. Ltd. company wants to raise funds through deposits.
Can the company accept deposits from the public ?
Yes
No
SUN Pharma Pvt. Ltd. company wants to raise funds through deposits.
Which document should the company issue to invite deposits ?
Advertisement
Letter by Registered Post
circular
SUN Pharma Pvt. Ltd. company wants to raise funds through deposits.
What is the maximum period for which they can accept deposits ?
6 months
3.5 years
36 months
48 months
SUN Pharma Pvt. Ltd. company wants to raise funds through deposits.
Can the company raise deposits from Banks and financial institutions?
Yes
No
