Bhagya

Balbharti Yuvakbharati English 11th Digest Chapter 3.1 Expansion of Ideas Notes, Textbook Exercise Important Questions and Answers.

Maharashtra State Board Class 11 English Yuvakbharati Solutions Chapter 3.1 Expansion of Ideas

11th English Digest Chapter 3.1 Expansion of Ideas Textbook Questions and Answers

Question 1.
Discuss the different ideas connoted by the word ‘season’.
Answer:

1. A season is a division of the year based on weather, ecology etc.
2. India experiences six seasons round the year, namely, summer (grisha), rainy season (varsha), early autumn (sharad), late autumn (hemanta), winter (sheet), spring (vasanta).
3. The change of season allows many people to plan their activities (not shifting of house during rainy season), food, recreation, celebrations, etc.

Question 2.
Select a season of your choice and give the following details:

• Time of the year –
• Characteristics- crops, festivals etc.
• Features/changes – climate/weather/temperature etc.
• Advantages/Disadvantages-

Answer:

Question 3.
Mention some proverbs associated with the word season, guess their meanings and write them along with a sentence of your own.
Answer:
(a) Make hay while the sun shines.
1. Meaning: Make the most benefit out of an opportunity
2. Sentence: Having got admission in a good college you should make hay while the sun shines.

(b) For everything there is a season
1. Meaning: For everything there is appropriate time.
2. Sentence: This is not the time to waste it talking to your friend, you must know, for everything ‘
there is a season

(c) No winter lasts for ever, no spring skips its turn.
1. Meaning: bad days do not stay for ever, as spring always replaces winter in the natural course of
nature.
2. Sentence: Cheer up, my friend, as no winter lasts for ever, no spring skips its turn.

Express your views and opinions in favor and against the topic.

Question (i)
Are sports essential in Jr. Colleges?
Answer:
Favour: (a) Sports help in increasing the physical and mental ability of students.
(b) Sports boost confidence and keep sportspersons fit for everyday living.
(c) Sports teach students team work.
Against: (a) Concentrating on sports is a waste of time. Students should focus on their career.
(b) Focus on entrance exams to persue better career opportunities.

Question (ii)
Are college council elections essential in Jr. Colleges?
Answer:
Favour: (a) The college council elections train the students to take up leadership roles and help them develop decisiveness.
Against: (a) Through elections in colleges children will follow the wrong path.
(b) They will be affected by national politics.
(c) Might get into bad company.

Question (iii)
Is cell-phone the need of the times?
Answer:
Favour: (a) Cell-phone has become the main and the fastest source of communication.
(b) Without a cell-phone one may feel crippled as it is repository of essential data and also is a source of knowledge.
Against: (a) Regular use of cell-phones affects our health conditions.
(b) Increases crimes.

Question (iv)
Should the ‘Earn and Learn’ concept be mandatory for students?
Answer:
Favour:
(a) It can make students economically independent.
(b) It can develop perseverance among students.
(c) Students will be aware of the value of money and hard work.
Against:
(a) This is an age for enjoyment.
(b) Students should concentrate on their health and family time.

(A1)

Question 1.
Expand the idea inherent in the following proverbs:
Answer:
1. A Bad Workman Blames his Tools
This proverb is an useful guide in practical life. It has been generally found that an incompetent person always grumbler. If a student does not do well in examination, he/she sometimes takes an easy resort to blame game that the question paper is tough. The person never admits that the preparation has not been up to the mark. On the other side, a sincere and good workman never tries to find excuses for his mediocre or bad performance. He probably thinks grumbling is a confession of his personal weakness.

Difficulties are parts and parcels of our lives and we have to learn to overcome by putting our best foot forward rather than finding fault with others or may be unfavourable situations. It is better to find out the reason for the performance which is not up to the mark. One has to find out the remedy for the shortcomings and need to have the faith on one’s ownself to raise the bar of his execution.

If the tools are bad, they can be mended, not by grumbling but by removing the defects. A good workman does exactly that and does not waste time complaining. “Patience and perseverance can fetch definite rewards. Everything is possible to achieve for a sincere worker whereas all things are impossible for a lazy person who is always on the look out for a scapegoat to bear the blame of his own failure.

2. One Should Eat to Live, Not Live to Eat – (Franklin)

We all have heard the proverb “health is wealth”. A sound mind can only exist in a sound body. If we are healthy, we can handle any situation in life. Eating plays a major role in maintaining a person’s health. The eating habits depend on own discretion and if we are conscious about the decision where to stop, “this far and no farther”, we can avoid many critical conditions of life with a healthy body. That is the biggest wealth any person can have.

But one needs a strong willpower not to live just to eat. The temptations are spread all around us. Some people have the habit of eating to their heart’s content and consoling themselves saying that it is just one day only. But they are greedy enough to forget their promise easily at the sight of mouth-watering dishes and continue their theory of “living to eat”.

Apparently, to some people, the eating habits do not need to be given so much importance, because they feel that the modern technologies used in the gyms will compensate for the loss of over-eating. Work hard in the gym and you can eat anything, is their motto of life. So, after coming out of the gym, they consume a big mug of cold coffee with cream from a reputed coffee shop and do not feel guilty about it. Not only home-cooked delicious foods, but all sorts of junk foods are included in their list of foods. Food is essential for one’s survival but excess of anything is bad. It is not about restrictions only, it is about how one can balance and enjoy the food.

3. If Winter Comes, Can Spring be Far Behind? – (Shelley)

Think positive and live happy, celebrate life ideally this should be the motto of a person’s life. But how many of us honestly follow this motto? Life, indeed, is beautiful but it does not move in a straight line. There has to be ups and downs and both these ups as well as downs have something to teach us, as P.B. Shelley said, “If winter comes, can spring be far behind?”. These are the natural courses of life. One has to follow the other as one season follows the other.

Life has problems and every problem is bound to have some solutions if we can try to see the brighter side. “No one makes a lock without a key. That is why God won’t give you problems without solutions.” In God’s own world also, if severe winter creates difficulties, He has kept the spring ready to bring smile on the faces of those who faced the difficult situations bravely. Winter, being the symbol of destruction here, spring will bring with it abundance everywhere.

Our duty is to maintain our patience and wait with hope for welcoming the good days because “At the end of every tunnel, there is light”. Night follows Day, that is also God’s design. If we crumble with the pressure of frustration and make ourselves fatigued, how will we enjoy the brightness of the day or the charming weather of the spring?

4. Beauty is Truth, Truth is Beauty – (Keats)

“Ode on a Grecian Urn”, the immortal poem of the poet John Keats, brings out a fact of life, that has its own beauty where joys and sorrows live together. He shows in the poem, the pictures on the urn has paintings of a combination of happiness and sadness to depict the truth of human life. A work of art has the power to express this truth of life so explicity.

“Beauty lies in the eyes of the beholder”. The person who is seeing the beauty can interpret it his or her own way, but the truth will remain the same. Truth is the permanent and ultimate beauty in the world and no one has the power to destroy it.

So, to ignore truth will be a futile attempt and only the inward beauty has the power to be the ever-lasting truth and the outward appearances are momentary. But our thoughts want to find out the truth and our feelings are inspired by the beauty. Thus, thought and feeling, truth and beauty need to go hand in hand.

5. Fools Rush in Where Angels Fear to Tread – (Alexander Pope)

“Experience is the best teacher”. The inexperienced people do not judge the pros and cons of the situation and take a step without much thinking. The experienced people become mature enough to take. a cautious step before taking a hasty decision. Their experience has taught them to “wait and watch” and then decide whether to avoid or get involved.

“A little learning is a dangerous thing”. The prudent and intelligent person think twice before opening their mouth and are also good observers. They are actually “afraid” but they are also careful that their actions should be safe and so they stay away from unnecessary risks. Even if they take risk believing “no risk, no gain”, they are capable of measuring the extent of the risk to reach their final decision. But a so called “fool” or rather an unwise person does not bother to think and can be easily influenced to do stupid things to invite problems in life.

“Ignorance” is not always “bliss”, since ignorance can lead to a irreversible damage. But, if a wise person is ignorant about certain things, he knows how to keep a distance from the unknown territory. The proverb actually tries to create an awareness against quick decisions or may be judgements, because every step of life is important. One wrong step, taken in a hurry, can lead to a major set back which probably will bring the disaster. History stands proof for that.

(A2)

Question 1.
Complete the tabular columns to specify Dos and Don’ts associated with ‘Expansion of Ideas’.
Answer:

Yuvakbharati English 11th Digest Chapter 3.1 Expansion of Ideas Additional Important Questions and Answers

Question 1.
Expand the idea inherent in the following proverbs:
Answer:
(i) Rome was not Built in a Day

Big cities cannot be built very quickly. This actually refers to jobs that we undertake, our careers, our life and our achievements.

Just as Rome was not built in a day, so also our career, our life and our ambitions cannot be achieved in a short period of time. We must bear in mind, before we take up a project, that hard work has to go into making any endeavor a success. Success is 99% perspiration and 1% inspiration. We are aware of this, but do we honestly put in hard work or do we keep putting off our hard work for another day?

Rome took years to be built and once it was built it turned out to be a city beyond compare. Its beauty and its allure was incomparable. This was and is the result of dedication and hard work. We will achieve our goal and rise to the top only, and only if we understand the meaning of dedication, perseverance and hard work.

The three D’s must always be in our mind when we undertake a task to be done. The three D’s are- Dedication, Determination and Devotion. We will be able to touch the stars if we work hard and devote ourselves to the task ahead of us. We should not think of finishing our job in haste because haste makes waste. Only our determination and hard work will help us to achieve our aim in life.

(ii) Cut Your Coat According to Your Cloth

This proverb is something that all of us must bear in mind and abide by. The message that is given is that we must not spend beyond our means but be very careful with our expenditure.

The explanation is that if we give a piece of cloth to a tailor to stitch a coat, he will first measure the cloth and tell us whether it is possible, for him to make the coat we have asked for or not. If the cloth is insufficient, he will not be able to stitch the coat.

The same is the case with our income and expenses. We must always stay within the limits and not spend more than we can afford to or we will end up repenting. I know of a young man who wanted everything he saw advertised and he kept on buying the articles on installment-basis. Finally, he realized that the total amount he had to pay by way of the installments exceeded his income. The young man borrowed the money to make up the deficit.

How long could he go on in this way? His loans increased. People refused to give him more loans, since he could not pay back what he had already borrowed. Finally no one could wait to get the money they had given him on loan. He lost everything he had bought on installments and he landed in jail. His entire life had become one big mess – No money, no friends.

Could we too, end up like this young man? Yes, we could end up like this if we do not keep a track of the money we have and if we do not spend according to our means. This proverb teaches us to economies and to be frugal. We must learn how to manage our resources and live within our means. This will surely keep us out of trouble.

(iii) Empty Vessels Make the Most Sound

We have experienced this fact a number of times at home or even in school. When we strike on an empty vessel, we get a sonorous deep sound and if we strike on a vessel that is full of some liquid, we get only a dull thud. The above adage is metaphorically and literary correct.

We see around us people with no knowledge or very little knowledge making themselves heard above the rest and when they are questioned we realise that all is empty talk, they are just ignorant people who are trying to impress the crowd. Those who really have the knowledge are the ones who are not making a loud noise. They check out on the situation and open their mouths. What they say is the correct thing. They have knowledge and they use it wisely and correctly.

When we are in company, we must not try to prove to all present there, that we are the best, there is no one as knowledgeable as we are. We must use our etiquette and let the others have their say. We must realise that there are many who have more knowledge than we do.

It is very important to learn that when in company, we must give others the chance to have their say and not monopolies all the time such people are respected by others.

(iv) As you Sow, So shall you Reap

If we want to earn good things in life, we must do good things. If a farmer wants to cultivate rice, he will sow rice and not wheat. There was once a person who was not well to do and was really downtrodden and poor. This man had a very large heart. Whatever little food he got, he shared with others. There were times when he went without food, but he saw to it, that the beggars around had food to eat.

The neighbours observed this and decided to help this poor, warm-hearted person. They gave him an education. The man studied very hard and did well. The neighbours were very pleased. They gave him a job and he did very well. This man however never forgot the beggars and always bought them food and clothing.

Soon the poor man rose higher and higher and became the manager of the factory. He helped all the poor and even started a special “Society for the poor”. The man helped others and in return, he was helped. All of us must do well if we expect others to do good to us.

Balbharti Maharashtra State Board Class 12 Secretarial Practice Solutions Chapter 10 Dividend and Interest Textbook Exercise Questions and Answers.

Maharashtra State Board Class 12 Secretarial Practice Solutions Chapter 10 Dividend and Interest

1A. Select the correct answer from the options given below and rewrite the statements.

Question 1.
Dividend is paid to ____________
(a) Shareholder
(b) Debenture holder
(c) Depositor
Answer:
(a) Shareholder

Question 2.
____________ is profit shared by company with a shareholder.
(a) Interest
(b) Rent
(c) Dividend
Answer:
(c) Dividend

Question 3.
Dividend is recommended by ____________
(a) Managing Director
(b) Secretary
(c) Board of Directors
Answer:
(c) Board of Directors

Question 4.
Interim Dividend is declared by ____________
(a) Board of Directors
(b) Debenture holders
(c) Depositors
Answer:
(a) Board of Directors

Question 5.
Final Dividend is declared by ____________
(a) Board of Directors
(b) Shareholders
(c) Depositors
Answer:
(b) Shareholders

Question 6.
Dividend cannot be declared out of ____________
(a) Capital
(b) Profit
(c) Reserves
Answer:
(a) Capital

Question 7.
Dividend amount should be transferred in a separate Bank Account within ____________ days of its declaration.
(a) 5
(b) 15
(c) 50
Answer:
(a) 5

Question 8.
Dividend should be paid within ____________ days of its declaration.
(a) 3
(b) 13
(c) 30
Answer:
(c) 30

Question 9.
____________ holders get dividend from residual profits.
(a) Equity share
(b) Preference share
(c) Debenture
Answer:
(a) Equity Share

Question 10.
Dividend is paid first to ____________ shareholders.
(a) Equity
(b) Preference
(c) Deferred
Answer:
(b) Preference

Question 11.
____________ warrant is a cheque containing dividend amount sent by company to the shareholders.
(a) Dividend
(b) Share
(c) Interest
Answer:
(a) Dividend

Question 12.
IEPF is created by ____________ where unpaid dividend is transferred by company.
(a) Central Government
(b) Company
(c) Shareholders
Answer:
(a) Central Government

Question 13.
Payment of ____________ Dividend must be authorised by the Articles of Association.
(a) Interim
(b) Final
(c) Bonus
Answer:
(a) Interim

Question 14.
____________ is a return paid to creditors by the company.
(a) Dividend
(b) Interest
(c) Rent
Answer:
(b) Interest

Question 15.
____________ is not linked to profits of the company.
(a) Dividend
(b) Interest
(c) Bonus
Answer:
(b) Interest

1B. Match the pairs.

Question (I).

Answer:

Question (II).

Answer:

1C. Write a word or term or a phrase that can substitute each of the following statements.

Question 1.
The return on investment is paid to the shareholders of the company.
Answer:
Dividend

Question 2.
The meeting where the final dividend is declared.
Answer:
AGM (Annual General Meeting)

Question 3.
The company has to intimate the stock exchange about the declaration of dividends.
Answer:
Listed company

Question 4.
The shareholders get dividends at a fixed rate.
Answer:
Preference

Question 5.
The shareholders get dividends at a fluctuating rate.
Answer:
Equity

Question 6.
Request by the shareholder in the prescribed form for payment of dividend into shareholders bank amount.
Answer:
Dividend Mandate

Question 7.
The number of days within which payment of dividend be completed by the company after its declaration.
Answer:
30 days

Question 8.
Dividend declared between two AGMs.
Answer:
Interim Dividend

Question 9.
Dividend decided and declared by the Board.
Answer:
Interim Dividend

Question 10.
The return is paid to the creditors by the company.
Answer:
Interest

1D. State whether the following statements are True or False.

Question 1.
The dividend is paid to registered shareholders of the company.
Answer:
True

Question 2.
The dividend is decided by the Board.
Answer:
True

Question 3.
The dividend is decided by the shareholders.
Answer:
False

Question 4.
Dividend once declared cannot be revoked.
Answer:
True

Question 5.
Dividend cannot be paid out of capital.
Answer:
True

Question 6.
Shareholders decide about the rate and amount of profit to be given as dividends.
Answer:
False

Question 7.
All categories of shareholders get a fixed-rate dividend.
Answer:
False

Question 8.
IEPF is the fund created by the company.
Answer:
False

Question 9.
Interest is a liability for the company.
Answer:
True

Question 10.
Interest is paid to shareholders of the company.
Answer:
False

1E. Find the odd one.

Question 1.
Final Dividend, Interim Dividend, Interest
Answer:
Interest

Question 2.
Out of Capital, Out of free reserve, Out of money given by the government
Answer:
Out of Capital

Question 3.
Dividend Account, Dividend Mandate, Unpaid/ Unclaimed Dividend Account
Answer:
Dividend Mandate

Question 4.
Dividend warrant, Dividend Mandate, Cheque
Answer:
Dividend Mandate

1F. Complete the sentences.

Question 1.
Word dividend is derived from Latin term ____________
Answer:
Dividendum

Question 2.
Dividend is paid to ____________
Answer:
registered shareholders

Question 3.
Dividend can be declared only on recommendation of ____________
Answer:
Board of Directors

Question 4.
Dividend must be paid in ____________
Answer:
cash

Question 5.
The meeting at which final dividend is approved is ____________
Answer:
Annual General Meeting

Question 6.
Dividend cannot be paid out of ____________
Answer:
capital

Question 7.
Interim dividend is decided and declared by ____________
Answer:
Board of Directors

Question 8.
Predecided and a fixed rate of dividend is paid to ____________
Answer:
preference shareholder

Question 9.
Payment of dividend must be completed within ____________
Answer:
30 days

Question 10.
Payment of Interim Dividend needs to be authorized by ____________
Answer:
Articles of Association

Question 11.
The obligatory payment made by company to its creditors is called as ____________
Answer:
Interest

1G. Select the correct option from the bracket.

Question 1.

(Latin term, Creditors, At AGM, At Board Meeting, IEPF)
Answer:

Question 2.

(Fixed rate Dividend, Dividend at a Fluctuating Rate, Interest, within 30 days, Unclaimed/Unpaid Dividend)
Answer:

1H. Answer in one sentence.

Question 1.
What is Dividend?
Answer:
The dividend is a share in distributable profits of the company to which the shareholder in entitled when formally declared by the company.

Question 2.
Who has the right to recommend dividends?
Answer:
The Board of directors has the right to recommend.

Question 3.
What is a Final Dividend?
Answer:
The final dividend is that dividend that is declared and paid after the close of the financial year.

Question 4.
What is an Interim Dividend?
Answer:
The interim dividend is that dividend that is declared and paid between two AGMs of an accounting year.

Question 5.
Who declares Interim Dividend?
Answer:
The Board of directors declares Interim dividends.

Question 6.
Which shares get dividends at a fixed rate?
Answer:
Preference shares get dividends at a fixed rate.

Question 7.
Which shares get dividends at a fluctuating rate?
Answer:
Equity shares get dividends at a fluctuating rate.

Question 8.
At which meeting Interim Dividend is decided and declared?
Answer:
Interim Dividend is decided and declared in Board Meeting.

Question 9.
What is Interest?
Answer:
Interest is the price paid for the productive services rendered by capital

Question 10.
State the time within which unpaid dividends be transferred to the unpaid dividend account.
Answer:
The unpaid dividend should be transferred within 7 days of the end of 30 days within which payment has to be made.

1I. Correct the underlined word and rewrite the following sentences.

Question 1.
The dividend is paid to creditors.
Answer:
The dividend is paid to shareholders.

Question 2.
Interest is paid to shareholders.
Answer:
Interest is paid to creditors.

Question 3.
The final Dividend is paid between two AGM.
Answer:
Interim Dividend is paid between two AGM.

Question 4.
Special Resolution must be passed to declare the Final Dividend.
Answer:
An ordinary resolution must be passed to declare the Final Dividend.

Question 5.
The dividend must be paid within 60 days of its declaration.
Answer:
The dividend must be paid within 30 days of its declaration.

Question 6.
The Dividend to be paid should be transferred to Dividend A/c within 30 days of its declaration.
Answer:
The Dividend to be paid should be transferred to Dividend A/c within 5 days of its declaration

Question 7.
The dividend is an obligation to be paid by a company every year.
Answer:
Interest is an obligation to be paid by a company every year.

Question 8.
Preference shareholders are given the last priority in the payment of dividends.
Answer:
Equity shareholders are given the last priority in the payment of dividends.

Question 9.
Preference shareholders get dividends from residual profits.
Answer:
Equity shareholders get dividends from residual profits.

Question 10.
Dividend is payable every year irrespective of profits made by the company.
Answer:
Interest is payable every year irrespective of profits made by the company.

1J. Arrange in proper order.

Question 1.
(a) Recommendation of Dividend.
(b) Checking sufficiency of profits
(c) Board Meeting
Answer:
(a) Checking sufficiency of profits
(b) Board Meeting
(c) Recommendation of Dividend

Question 2.
(a) Transfer to Dividend Account
(b) Transfer to IEPF
(c) Transfer to Unpaid Dividend Account
Answer:
(a) Transfer to Dividend Account
(b) Transfer to Unpaid Dividend Account
(c) Transfer to IEPF

Question 3.
(a) Closure of Register of Members.
(b) Intimate Stock Exchange of Board Meeting.
(c) Intimate Stock Exchange of declaration of dividend.
Answer:
(a) Intimate Stock Exchange of Board Meeting
(b) Intimate Stock Exchange of declaration of dividend
(c) Closure of Register of Members

Question 4.
(a) Decision on Rate of Dividend
(b) Transfer of IEPF
(c) Payment of Dividend
Answer:
(a) Decision on Rate of Dividend
(b) Payment of Dividend
(c) Transfer to IEPF

Question 5.
(a) Payment of Interim Dividend
(b) Board meeting deciding and declaring Interim Dividend
(c) Authorization of Articles of Association
Answer:
(a) Authorization of Articles of Association
(b) Board meeting deciding and declaring Interim Dividend
(c) Payment of Interim Dividend

2. Explain the following terms/concepts.

Question 1.
Profit
Answer:
Profit is the financial gain from business activity minus expenses. Profit is the income remaining after deducting total costs from total revenue. It is also called financial gain. Profit is the difference between revenues and expenses for a given period. It is the tool for measuring the success of the business. Without profit, the company cannot survive in the market.

Question 2.
Dividend
Answer:
The term dividend is derived from the Latin word ‘Dividendum’ which means that which is to be divided. A dividend is the portion of the company’s earnings distributed to the shareholders decided and managed by the company’s board of directors. The dividend is a share in distributable profits of the company Shareholder is entitled to receive the dividend when it is formally declared by the company

Question 3.
Interest
Answer:
Interest is the cost of borrowing money typically expressed as an annual percentage of a loan. The money people earn on their savings is called Interest. Interest is paid to the lender by the borrower, in case of a loan or from the financial institution to the depositor, in the case of a savings account. In financial terms, it is a payment made for using the money of another i.e. borrower takes money from the lender. Interest is the cost of renting the money for the borrower and it is the income from lending money for the lender.

Question 4.
Final Dividend
Answer:
The final dividend is declared and paid after the financial year is closed. The final dividend is decided and recommended by the Board of Directors. The final dividend is approved by the shareholder in the AGM. The declaration of the final dividend does not require authorization of Articles of Association. The rate of the final dividend is always higher than the Interim dividend. It is declared from sources like the current year’s profits, money provided by Government for dividends, etc.

Question 5.
Interim Dividend
Answer:
The interim dividend is the dividend that is declared and paid in the middle of an accounting year i.e. before the finalization of accounts for the year. Dividend declared by the Board of Directors between two Annual General Meetings is called Interim Dividend. The interim dividend is paid in the middle of the accounting year.

Question 6.
Unpaid Dividend
Answer:
Dividend declared by the company but neither paid to nor claimed by a shareholder within 30 days of its declaration is termed as Unpaid and Unclaimed Dividend.

Question 7.
Unpaid Dividend Account
Answer:
A dividend declared by the company but neither paid to nor claimed by a shareholder is called an Unpaid/Unclaimed Dividend. This unpaid/unclaimed dividend should be transferred to the Unpaid/Unclaimed Account within 30 days of its declaration. This ‘Unpaid Dividend Account’ is opened in a scheduled Bank by the company.

Question 8.
Dividend Mandate
Answer:
The dividend is paid by different modes of payment like cash, cheque, or warrant or by electronic mode. It can also be paid by using the Dividend Mandate. If the shareholder wishes to get dividend credited directly in the Bank Account he is required to send a request in a prescribed form which is called ‘Dividend Mandate’. The dividend Mandate authorizes the company to pay dividends directly to shareholders’ bankers.

Question 9.
IEPF
Answer:
IEPF means Investors Education and Protection Fund. Any amount in the Unpaid Dividend Account of a company that is unpaid/ unclaimed for a period of 7 (seven years) from the date of such a transfer shall be, transferred to ‘Investors Education and Protection Fund’. The claimant can claim his dividend by filling the prescribed form and submitting the necessary documents. The claimant needs to follow the procedure.

Question 10.
Rate of Dividend
Answer:
The return that a shareholder receives on his investment from the company is called a dividend. The dividend is always declared by the company on the face value of a share irrespective of its market value. The rate of dividend is expressed as a percentage of the face value of a share per annum.

3. Study the following case/situation and express your opinion.

1. LMN Co Limited decides to declare a dividend for the financial year 2018-19 in which it has earned profits less than their expectations.

Question (a).
Is Board right in recommending a dividend of Rs. 5/- per share out of free reserves?
Answer:
Yes, Board is right in recommending a dividend of Rs. 5/- per share out of free reserves, as dividends can be paid out of free reserves.

Question (b).
Can Board declare the dividend though it is not approved by AGM?
Answer:
No Board cannot declare the divided if it is not approved by AGM as dividends should be approved by shareholders by passing an ordinary resolution in AGM.

Question (c).
Can the Board give dividends in the form of gifts?
Answer:
No Board cannot give dividends in the form of gifts. It must be paid in cash, not in kind.

2. ABC Co. Ltd. decides to pay Interim Dividend.

Question (a).
Can it be paid out of free reserves?
Answer:
No. the Interim Dividend cannot be paid out of free reserves.

Question (b).
Is the Board right in declaring the same at the Board Meeting?
Answer:
Yes. Board is right in declaring the same at the Board meeting as it has the power to declare an Interim Dividend.

Question (c).
Can the company distribute the same within 30 days of its declaration?
Answer:
Yes, after the declaration, the Interim dividend should be paid within 30 days of its declaration.

3. RAJ Company limited decides to pay Interim Dividend.

Question (a).
Is the Board justified to decide Interim Dividend of Rs. 5/per share even though profits to date are insufficient?
Answer:
The interim dividend is paid out of profits between two annual general meetings. It cannot be paid out of any reserves. So it is not justified.

Question (b).
Can the Board declare it out of Free Reserves?
Answer:
No Board cannot declare an Interim dividend out of free reserves.

Question (c).
Can the Board declare it out of Capital?
Answer:
No Board cannot declare out of capital.

4. DIAMOND Co. Ltd. is considering declaring an Interim Dividend.

Question (a).
In how many days of the declaration it should transfer the funds to Dividend Account?
Answer:
The interim dividend must be transferred to the Dividend Account within 5 days of its declaration.

Question (b).
In how many days it must pay it to shareholders?
Answer:
The interim dividend should be paid within 30 days of its declaration to shareholders.

Question (c).
In how many days of the declaration it must transfer the funds to the Unpaid Dividend A/c?
Answer:
Unpaid/unclaimed Interim dividend should be transferred to ‘Unpaid Dividend Account’ within 7 days of the expiry of 30 days of declaration i.e. 37 days of its declaration.

5. The Board of Directors of STAR Co. Ltd. which is a listed company recommends a dividend of Rs. 15/- per share to be paid in cash.

Question (a).
Is it justified to pay the dividend firstly to its Preference Shareholders and then after to Equity Shareholders?
Answer:
Yes, because preference shares are entitled to the dividend before it is paid to the equity shareholder. Equity shareholders get dividends from residual profits i.e. after paying to preference shareholders.

Question (b).
Is the AGM required to approve the same?
Answer:
Yes for declaration of final divided Approval of AGM is a must.

Question (c).
Can the company pay dividends in cash?
Answer:
Yes, the company pay a dividend in cash and not in kind.

6. GOLD Co. Ltd. declares a dividend of Rs. 10/- per share for F.Y. 2018-19.

Question (a).
Is the company under default, if the dividend was not paid within 30 days of its declaration?
Answer:
Yes, the company is to default as the time limit within which the company must pay dividends after the declaration is 30 days.

Question (b).
Is the company right in transferring the unpaid dividend to its Debenture Reserve Account?
Answer:
No, the company has to transfer the total amount of dividend which remains unpaid/unclaimed to the ‘Unpaid Dividend Account.

Question (c).
Does the company have to transfer the amount of unpaid dividend to IEPF after 30 days?
Answer:
No, any amount in the unpaid dividend account of a company that remains unpaid/unclaimed for a period of 7 years from the date of such a transfer, should be transferred to (IEPF), ‘Investors Education and Protection Fund’.

4. Distinguish between the following:

Question 1.
Final Dividend and Interim Dividend
Answer:

Question 2.
Dividend and Interest
Answer:

5. Answer in brief.

Question 1.
State any four points to be kept in mind by a listed company with respect to dividends.
Answer:
When a company lists its shares on Stock Exchange, additional listing agreements are to be followed which are as follows:

• Stock exchange should be informed if the securities are listed 2 days prior to the Board meeting in which recommendation of final dividend is to be considered.
• Stock Exchange should be informed immediately regarding the declaration of dividend as soon as the Board meeting gets over.
• Notice of closing book should be informed at least 7 (seven) working days before the closure to the stock exchange.
• Transfer Register and Register of Members should be closed.

Question 2.
Discuss any four features of dividend.
Answer:

• It is the portion of profits of the company paid to its shareholders.
• It is payable out of profits of the company.
• It is an unconditional payment made by the company.
• If the company has issued equity shares with differential rights as to dividend, the terms of issue of such shares will govern the rights of shareholders about receiving the dividend.

Question 3.
Explain the features of interest.
Answer:
Interest is the cost of borrowing money typically expressed as an annual percentage of a loan. The money people earn on their savings is called Interest. Interest is paid to the lender by the borrower in case of a loan or from the financial institution to the depositor in the case of a savings account. In financial terms, it is a payment made for using the money of another i.e. borrower takes money from the lender. Interest is the cost of renting the money for the borrower and it is the income from lending money for the lender.
Features:

• Interest is the price paid for the productive services rendered by capital.
• Interest has a direct relation with risk. The higher the risk, the higher is the interest.
• The rate of interest is expressed as the annual percentage of the principal.
• The rate of interest is determined by various factors like money supply, fiscal policy, the volume of borrowings, rate of inflation, etc.
• Interest is a charge against the profit of the Company. Even if, the company makes no profit, interest should be paid.
• The rate of interest is fixed and pre-determined.

6. Justify the following statements.

Question 1.
The dividend is paid out of the profits of the company.
Answer:

• The dividend is the portion of profits of the company paid to its shareholders.
• It is payable out of profits of the company.
• Dividend can be paid out of capital profits on fulfilling these conditions.
• Capital Profits are realized in cash.
• Articles of Association of the company permit such a distribution.
• It remains as profits after revaluation of all assets and liabilities.
• Thus, it is rightly justified that dividend is paid out of profits of the company.

Question 2.
Interim dividends cannot be paid out of free reserves.
Answer:

• Dividend declared by the Board of Directors between two Annual General Meetings is called Interim Dividend.
• The interim dividend shall not be declared out of free reserves.
• In the event of a loss or inadequacy of profits during a financial year, no interim dividend shall be declared.
• The declaration of an interim dividend does not create a debt against a company.
• The board of directors can cancel an interim dividend after declaring it.
• Thus, it is rightly justified that Interim dividends cannot be paid out of reserves.

Question 3.
Annual General Meeting (AGM) is crucial for Final Dividend.
OR
The final Dividend is declared only after the accounts are prepared and finalized.
Answer:

• The final dividend is that dividend that is declared and paid after the closing of the financial year.
• It is decided and recommended by the Board of Directors.
• The rate of final dividend is declared by the shareholders in the AGM.
• It is declared only after the account of the year is prepared and finalized.
• Thus, it is rightly said that AGM is crucial for the Final Dividend. OR Final Dividend is declared only after the accounts are prepared and finalized.
• The final dividend is declared from different sources, and its declaration does not need the authorization of articles.
• Thus, it is rightly said that AGM is crucial for the Final Dividend. OR Final Dividend is declared only after the accounts are prepared and finalized.

Question 4.
Listed Company has to follow additional guidelines on dividend matters.
Answer:

• Notify stock exchange where company’s securities are listed at least 2 (two) days in advance of the date of the meeting of the Board at which recommendation of final dividend is to be considered.
• Intimate Stock Exchange immediately about the declaration of the dividend after the Board Meeting.
• Give notice of Book closure to the stock exchange at least 7(seven) working days before the closure.
• Close the Register of members and the Transfer Register.
• It must use an electronic mode of payment such as Electronic Clearing Services (ECS) or National Electronic Fund Transfer (NEFT); as approved by the Reserve Bank of India (RBI)
• The listed company has to express the dividend on a per-share basis only.

Question 5.
Equity shareholders get the last priority in receiving dividends.
Answer:

• The dividend is the portion of profits of the company paid to its shareholders.
• The dividend is payable only to the registered shareholders of the company.
• Preference shareholders are entitled to the dividend before it is paid to the equity shareholders.
• The equity shares do not enjoy a preference for dividends.
• They do not have priority for the payment of capital at the time of liquidation.
• Equity shareholders will get dividends from residual profit i.e. after paying to preference shareholders and arrears of dividend on cumulative preference shares.
• The equity shares get the last priority in dividends and thus are the residual claimants.
• Thus, it is rightly said that the equity shareholders get the last priority in receiving dividends.

Question 6.
Unpaid dividends cannot be used by the company.
Answer:

• The dividend declared by the company but has not been paid to or claimed by a shareholder within 30 days of its declaration is termed as an unpaid dividend.
• The total amount of dividend which remains unpaid should be transferred to ‘Unpaid Dividend Account’.
• Any amount in the Unpaid Dividend Account of a Company that remains unpaid/unclaimed for a period of 7 years will be transferred to ‘Investors Education and Protection Fund’.
• The company cannot use unpaid dividends. The only claimant of money can claim for it by following certain procedures.
• Thus, it is rightly said that unpaid dividends cannot be used by the company.

Question 7.
Interest is a liability/obligation of the company.
OR
Interest is paid to the creditor of the company.
Answer:

• Interest is a payment made for using another money So it is the cost of renting the money for the borrower and it is the income from lending money for the lender.
• The company has to pay interest, if it has borrowed money from creditors like Debenture holders, Depositors, Bondholders, etc.
• Interest is the liability of the company as it is a payment made for using money from the lender.
• Interest is a charge against the profit of the company.
• Even if, the company makes no profit, it has to pay interest to borrowers.
• Thus, it is rightly said that interest is a liability/ obligation for the company.

Question 8.
Approval of members is not needed for Interim Dividends.
Answer:

• Dividend declared by the Board of Directors between two Annual General Meetings is called Interim Dividend.
• It is paid in the middle of the accounting year.
• It is declared out of profits of the current account year.
• It is declared before the preparation of final accounts of the company.
• The Board of Directors has the power to declare Interim Dividend.
• Articles of Association’ of the Company must authorize the Board of Directors to declare an interim dividend.
• The Board Meeting has to pass a resolution for declaring the Interim dividend.
• Thus, it is rightly said that approval of members is not needed for Interim dividends.

7. Answer the following questions.

Question 1.
Define Dividend and explain its features.
Answer:
The term dividend is derived from the Latin word ‘Dividendum’ which means that which is to be divided. A dividend is the portion of the company’s earnings distributed to the shareholders decided and managed by the company’s board of directors.
The dividend is a share of distributable profits of the company. A shareholder is entitled to receive the dividend when it is formally declared by the company.
Definitions:

• The Institute of Chartered Accountants of India has defined Dividend “as a distribution to shareholders out of profits or reserves available for this purpose”.
• The Supreme Court has defined it as “In case of going – concern, it means the portion of profits of a company, which is allotted to the holders of shares in a company”.

Features of Dividend:

• It is the portion of profits of the company paid to its shareholders.
• It is payable out of profits of the company.
• It is an unconditional payment made by the company.
• The company pays dividends to the equity shareholders and preference shareholders only.
• If the company has issued equity shares with differential rights as to dividend, the terms of issue of such shares will govern the rights of shareholders about receiving the dividend.
• A dividend cannot be declared out of capital.
• Recommendation of the Board of Directors is necessary for the declaration of dividends.
• The dividend is recommended and approved by the Board of Directors by passing a resolution at the Annual General Meeting.
• The previous year’s dividend cannot be declared if that particular year’s Annual Account has been approved in the AGM.
• Dividend once approved and declared by shareholders, creates a debt. It cannot be revoked.
• The dividend includes the interim dividend.
• The dividend must be paid in cash, cheque or transferred through ECS or NEFT and not in kind.
• The dividend is to be paid on the paid-up value of shares.
• Dividend cannot be paid on calls paid in advance.

Question 2.
What is Interest? Explain its features.
Answer:
Interest is the cost of borrowing money typically expressed as an annual percentage of a loan. The money people earn on their savings is called Interest. Interest is paid to the lender by the borrower in case of a loan or from the financial institution to the depositor in the case of a savings account. In financial terms, it is a payment made for using the money of another i.e. borrower takes money from the lender. Interest is the cost of renting the money for the borrower and it is the income from lending money for the lender.
Features:

• Interest is the price paid for the productive services rendered by capital.
• Interest has a direct relation with risk. The higher the risk, the higher is the interest.
• The rate of interest is expressed as an annual percentage of the principal.
• The rate of Interest is determined by various factors like money supply, fiscal policy, the volume of borrowings, rate of inflation, etc.
• Interest is a charge against the profit of the Company. Even if the company makes no profit, interest should be paid.
• The rate of interest is fixed and pre-determined.

Question 3.
Discuss legal provisions for declaration of dividend.
Answer:
The term dividend is derived from the Latin word ‘Dividendum’ which means that which is to be divided.
A dividend means the profit of a company that is not retained in Legal Provisions for declaration of Dividend.
(i) Board Meeting:

• The Board of Directors has the power and authority to declare the dividend.
• The board meeting is called to pass a resolution to discuss the following points.
• Rate of Dividend and amount of Dividend to be paid.
• Book closure date for dividend.
• Date of Annual General Meeting.
• Bank with which a separate account should be opened to remit the dividend amount.

(ii) Shareholders’ Approval:

• The dividend is approved by shareholders by passing an Ordinary Resolution at the Annual General Meeting.
• Shareholders can declare a lower rate of dividend than what is recommended by the Board but not higher than that.
• Once the dividend is declared at the General Meeting, it cannot be canceled. Hence, the company cannot declare dividends for the second time in that year.

(iii) Separate Bank Account:
The company must deposit the dividend amount in a separate bank account i.e. “Dividend Account” opened in a scheduled bank. The dividend must be transferred to this account within 5 days of its declaration.

(iv) Prohibition to pay Dividend:

• A company cannot declare any dividend on equity shares if the company has failed to repay the deposit or any interest on the deposit.
• If the company is found guilty at the time of Payment of Interest to debenture holders, Redemption of Debentures and Preference Shares, Payment of Interest to a financial institution, etc. in that case no dividend can be declared.

Question 4.
Explain Interim Dividend.
Answer:

• The interim dividend is the dividend that is declared and paid in the middle of an accounting year i.e. before the finalization of accounts for the year. Dividend declared by the Board of Directors between two Annual General Meetings is called Interim Dividend.
• The interim dividend is paid in the middle of the accounting year.
• The interim dividend is declared by the Board of directors during any financial year out of surplus in the profit and loss account and out of profits of the financial year.

Features of Interim Dividend:

• The Board of Directors has the power to declare an interim dividend.
• Interim Dividend is only payment on account of the whole dividend for the year.
• The company should provide depreciation for the entire year and not for a part of the year before declaring an interim dividend.
• Interim dividends cannot be paid out of any reserves.
• The Board of directors can declare interim dividend only when it is mentioned in the Articles of Association of the Company.
• A resolution has to be passed in the Board Meeting for declaring the Interim Dividend.
• A separate Bank account should be maintained in a scheduled bank to credit the interim dividend within 5 (five) days of its declaration.
• Interim Dividend should be paid within 30 days of its declaration.
• Unpaid/Unclaimed dividend should be transferred to ‘Unpaid Dividend Account’ within 7 days of the expiry of 30 days of declaration i.e. 37 days of its declaration.
• Any amount remaining Unpaid/Unclaimed in the ‘Unpaid Dividend Account’ for 7 (seven) years should be transferred to IEPF.

Balbharti Yuvakbharati English 11th Digest Chapter 2.6 The Planners Notes, Textbook Exercise Important Questions and Answers.

Maharashtra State Board Class 11 English Yuvakbharati Solutions Chapter 2.6 The Planners

11th English Digest Chapter 2.6 The Planners Textbook Questions and Answers

Question (i)
You have heard the proverb, ‘Plan your work, work your plan.’ It means –
(a) Planning of the work is important.
(b) Without planning work cannot be accomplished.
(c) Make planning and work according to that plan.
(d) Planning and work are two sides of same coin.
Answer:
(c) Make planning and work according to that plan.

Question (ii)
Choose the proper alternatives from the statements given below which would explain why town planning is essential-
(a) To develop the city according to the guidelines.
(b) To get the ‘Best City Award’.
(c) To attract the tourists.
(d) To use and develop the land available in the city for the interest of the citizens.
Answer:
(a) To develop the city according to the guidelines.
(d) To use and develop the land available in the city for the interest of the citizens.

Question (iii)
Given below are various professions in column ‘A’ and in column ‘B’ the nature of work in respective professions. Match the columns.

Answer:

(A1)

Question 1.
Complete the web about the activities the planners do.

Answer:

(A2)

State whether the following statements are true or false.

Question (a)
Planners plan to construct buildings wherever they find place.
Answer:
True

Question (b)
Planners take public consent for the alterations they make in the old structures of the city.
Answer:
False. The planners do not take consent of the public but hypnotise them to agree by the show of wealth and prosperity.

Question (c)
Planners are concerned about the environment of the area.
Answer:
False. The planners are not at all concerned about the environmental degradation problem as beauty of the nature is replaced by mathematical precision of constructing buildings.

Question (d)
Planners make their plans mathematically perfect, at the same time they calculate their profit.
Answer:
True

Question (e)
Planners deliberately find drawbacks in the old city planning.
Answer:
True

Question (f)
The newly planned city looks modern and amazingly beautiful.
Answer:
True

Question (g)
Planners paint beautiful pictures of the upcoming changes in the city which charm the citizens.
Answer:
True

Question (h)
Planners make tactful changes so that citizens do not recognise the familiar landmarks.
Answer:
True

(A3)

Question 1.
Read the expression:
‘the blueprint of our past’s tomorrow’. Consider in a group why the poet has not mentioned ‘the present’. It is because of the planners who have possessed our ‘present’ in order to change ‘our past’ into the ‘future’ they desire. Go through the poem and write the lines which support this thought.
Answer:

1. They erase the flaws, the blemishes of the past.
2. Knock off useless blocks with dental dexterity.
3. All gaps are plugged with gleaming gold.
4. The country wears perfect rows of shining teeth.
5. So history is new again.
6. The blueprint of our past’s tomorrow.

(A4)

Question 1.
The term ‘Anaesthesia’ in the poem means – ‘The planner gives beautiful pictures of the new modern city’. Now find out what is Amnesia and Hypnosis in the given context.
Answer:
1. Amnesia: partial or total loss of memory . The planners make people forget even their glorious past by showcasing the glamour of new constructions.
2. Hypnosis: A trance like state of mind when a person’s thoughts can be influenced by someone else. The planners may be controlling the society by hypnosis so that they easily agree to the planner’s ideas of change.

(A5)

Question 1.
Pick up the statement which aptly depict the theme of the poem.
Answer:

• In the poem the speaker memorises the past.
• In ‘The Planners’, the poet describes the unstoppable force of modernisation.
• The poet talks about the replacement of natural environment by the concrete jungle.

(A6)

Question 1.
The tone of the poet is sarcastic. When he writes ‘All spaces are gridded filled with permutations of possibilities’ he intends to indicate the efforts made by the planner to exploit every available piece of land without any consideration of harming nature or violating attachments of people to places. Make pairs/groups and find out some more sarcastic lines having the same effect.
Answer:
1. All hang in the grace of mathematics.
– The planners’ precision is sarcastically referred to as “the grace of mathematics”.
2. “They erase the flaws / the blemishes of the past, knock off/useless blocks with dental dexterity/All gaps are plugged/with gleaming gold/The country wears perfect rows/of shining teeth.
– The entire second stanza is full of sarcasm where the planner is compared to a dentist who acts with precision to extract a damaged teeth as the planners are destroying ancient structures because of their faulty constructions. According to them, three old constructions are useless and should be replaced by shining buildings as a rotten teeth is extracted and the gap is filled with a shining tooth.
3. Anaesthesia, amnesia, hypnosis.
– The poet is convinced that the common people have lost their ability to protest as they are suffering from forgetfulness, have the anaesthetic effect of numbness and hypnotised by the glamour. The sarcasm is very apparent.

(A7)

Question (i)
Write the appreciation of the poem.
Answer:
The poet, Boey Kim Chang, a Singapore – born Australian poet, is pained to see the developments all around him, which in the name of modernization, is encroaching into nature and destroying the heritage with a lot of precision.

The planners have not been given any specific identity. They are mentioned in the poem as “They” but their work is very minutely scrutinized to present them as powerful people who can easily fulfill their purpose because they have the financial strength to manipulate all voices against them. But, according to the poet, they do their job with a lot of planning and their work is also logically designed. They are not bothered to save the nature as their only concern is the maximum utilization of space.

The accuracy of the planners has been sarcastically compared to a dentist who can identify the rotten tooth easily, extracts it and fills up the gap with the shining tooth. The person concerned is happy to get a new set of teeth and comfortably forgets the past. The same process is applied by the planners to rewrite history by destroying the past, and replacing it with the glamorous new construction.

The people are so mesmerized by the new-found charm that they are in a state of trance to have the amnesia of forgetting what has been replaced. The replaced beauty is tactfully presented by the planners to have an anaesthetic effect on them. Like the archaeologists, the planners also drill but their purpose is not to search glory or history, but destroy the soul of the past.

The poet refuses to resort to any creativity such a situation since he does not consciously want to stain the present by messing up with the blue print of the so – called advancement. He may be suggesting that the change is in the hands of the people and they need to act the way they want to see the future.

The poem has no particular rhyme-scheme as the poet’s thoughts flow freely to express his emotions on the depletion of nature and burying of the past. The short lines in the beginning, “They Plan”. “They build”, without directly referring who “They” are, the poet sets the planners apart from the readers. But the poem is full of sarcasm against the planners to express the poet’s displeasure. He has used a number of figures of speech to create an awareness among the readers.

The poem brings out a strong nostalgic emotion of the poet and his thoughts are moving around to search for the existence of natural beauty or glorious past. That is why, the lines of the poem are irregularly arranged – some lines run into the next, not like the precision of the planners. These irregularities have got an appeal to the readers because sometimes imperfections also appear perfect.

Question (ii)
Write the summary of the poem.
Answer:
Refer the synopsis.

(A8)

Question 1.
Read the first and second stanza of the poem. We understand that the poet wants to suggest the powerful dominance of the planners who shape the town according to their selfish desires. Make a list of such expressions. You may begin with –
Answer:

1. All the spaces are gridded, filled with permutations of possibilities.
2. They have the means.
3. They have it all so it will not hurt.
4. Anaesthesia, amnesia, hypnosis.
5. They build and will not stop.
6. The piling will not stop.

(A9)

Question 1.
Explain the extended metaphor related with dentistry in the poem. Give suggestions to protect our national heritage monuments.
Answer:
The planners are indirectly compared to the dentists. The past is having flaws like rotten teeth and it has to be removed with precision as a dentist does with perfection. The planners get rid of the ancient structure and fill up the gap with glamorous building. The dentist also removes the damaged tooth and replaces it with a shining one so that the person is happy with a row of shining teeth. The planners satisfy the people with modern constructions so that they do not complain of heritage structures.

Extension of ‘dentistry’ metaphor is the medical term used ‘Anesthesia, amnesia, hypnosis’. Anaesthesia is ‘ a medical procedure that nums to give relief from pain as it leads to loss of consciousness like it happens in operation, sleeper hypnosis giving a trance like state. The planners have these effects on the people and it is indirectly mentioned by the poet.

My suggestions to protect our national heritage movements are:

1. Regularly take part in the cleanliness drive organised by government or private institutions.
2. Be a part of the NSS unit of the college and create an awareness among the people not to scribble anything on the monuments and not to litter the monument premises.
3. Celebrities can campaign through TV or Cinema to safeguard our national monuments.
4. The Puja Pandals can be modelled on national monuments so that people can see their beauty, the hard work for their construction and be motivated not to spoil it.
5. Pollution spoils our national monuments as it has happened with the Tajmahal. So, industrial growth has to be completely stopped in the vicinity of the monument and care should be taken that they are at safe distance.

(A10)

Question 1.
Complete the following table.
Answer:

(A11)

Question 1.
Compose four lines expressing the grief of having lost nature due to modernisation.
Answer:
Where is the blue sky, where is the green garden?
Skyscrapers have eaten them all.
Everything is modern, comfort scattered everywhere,
But alas! are we happier in the absence of nature?

(A12)

Question 1.
Imagine that a person who has returned to his native place after long time is talking to his old friend about the changes that have taken place in the village. Write a dialogue between two friends who have become nostalgic about their old village.
Answer:
Santosh: Hi Suman! I haven’t seen you for quite sometime.
Suman: Yes, Santosh, I was not there in Mumbai. I had been to our village to spend time with my grandparents.
Santosh: Oh! how nice! You have spent your vacation by giving company to your grandparents.
Suman: Yes, I really had good times with them. Not only that I remembered all those days when you and I used to live in the village. I visited the places we used to spend time together-the football ground, the bank of the river, the fields where we used to climb trees. What a pleasant time we had!
Santosh: Really ! I miss all those days. Here, we hardly get vacant places. All are filled with high rise buildings. How sad!
Suman: But Santosh, if you go to our village now, you’ll be surprised to see the changes that have taken place. There are lots of developments. You will not see anybody collecting water from the wells. Lots of tube wells have been installed and there is provision for water through pipes in some areas, thanks to the development scheme of the Panchayat. The village is shining with electric lights you’ll hardly see any house with oil lamps.

The best thing I found was the cleanliness drive taken by the authorities. Not only do most of the houses have their own toilets, but the public toilets are also very clean. I am really very impressed. But in spite of all these, I missed our old village where we, friends, had spent our innocent childhood.
Santosh: Yes, I have read about are these developments and I am happy for my village which is my root. I am so attached to our native place that even the glamour of the city life cannot impress me so much.
Suman: I feel, we have spent the best part of our lives there. As a well wishes of my village, I welcome all the changes. But at any cost, I do not want anything to replace the naturalness. Thankfully, our village still has the freshness of air. I could breathe comfortably which I experience rarely in a city. Why don’t we plan to visit our native place together?
Santosh: That’s a brilliant idea. I am feeling so nostalgic after hearing everything from you that I’m tempted to go in our next vacation.
Suman: We’ll sit together and plan it nicely. I’ve to leave now. Bye !
Santosh: Bye !

(A13)

Question (i)
Write in short about at least five cities in India that are considered to be the most developed cities.

Question (ii)
Your examinations are only two months ahead. Plan your schedule of studies and write in your notebook.

Question (iii)
Read ‘The City Planners’ by Margaret Atwood.

Yuvakbharati English 11th Digest Chapter 2.6 The Planners Additional Important Questions and Answers

Question 1.
The space has been gridded by –
Answer:
The space has been gridded by all possible plans so that it is tightly packed to its full potentiality.

Question 2.
Many times the word ‘they’ is used in the poem. Explain the use of‘they’ in this context.
Answer:
“They” are the planners who have not been given any specific identity in the poem but there are all informations to prove that they are powerful people who cannot be stopped. They plan urbanization policy very meticulously and can easily convince people to accept the changes. This may be poet’s way of distancing himself to show how he is protesting the fact that the people are blindly supporting.

Comprehension:

Global Understanding:

State whether the following statements are true or false. Correct the false statement.

Question (i)
The dentist removes all the teeth to set a new row of teeth.
Answer:
False. The dentist only removes the rotting, useless teeth.

Question (ii)
Mathematics spoil the connection between the buildings and roads.
Answer:
False. Mathematics help in the alignment of buildings and roads, with precision.

Question (iii)
Planners take care of the nature before constructing.
Answer:
False. Planners have no concern for the nature and treat it mercilessly while constructing.

Question (iv)
With the help of ‘Anaesthesia, amnesia, hypnosis,’ the planners can easily convince the people.
Answer:
True

Interference / Interpretative / Analysis

Question 1.
Why did the poet mention about the job of the dentist?
Answer:
The poet sarcastically compares the job of the dentist with the town-planners. The precision with which the dentist extracts the rotten teeth and replaces them with the shining ones to make his patient happy, the planners are also removing all ancient constructions with rows of new structures so that people do not complain. In this process, the planners are tactfully erasing the tradition to promote modernization.

Personal Response:

Question 1.
Mention two evils of modernisation that bother you.
Answer:
1. Indiscriminate cutting of trees bother me a lot since it creates ecological imbalance, inadequate rainfall, global warming etc.
2. Increase of the number of vehicles is a matter of deep concern for me. The roads are becoming unbelievably bad, pollutions creating smog, health hazards worry me a lot.

Poetic Device:

Question 1.
Name and explain the figure of speech in the following line.
“The country wears perfect rows / of shining teeth”.
Answer:
Personification: The country is given the human quality of having teeth.

Creativity:

Question 1.
Fill in the blanks with lines of your own along with the lines from the poem.
1. They have the means
2. So history is new again.
Answer:
1. They have the means.
They can easily showcase prosperity.
2. So history is new again
Charmed by glamour, nobody missed the past.

Appreciation:

Question 1.
Write an appreciation of the extract with the help of the following points (100-150 words).

• About the extract
• Theme and significance
• Poetic style, language, poetic devices
• Inspirational message
• Your opinion and critical evaluation of the extract

Answer:
The poet Boey Kim Chang, a Singapore – born Australian poet is pained to see the destruction of nature in the name of modernization. He points finger at the city-planners by referring them as “they” and in the process distances himself from them. He hints that these are powerful people who bring the changes with mathematical precision and the public is hypnotised to accept the charges without any protest. The public is happy with the glamour of modernization like a dental patient feels happy to get a new set of teeth replacing the rotten ones by an expert dentist.

The extract is written in free verse to give vent to the flow of the thought of the poet smoothly. The extract is sarcastically presented with the help of a number of figures of speech like personification, alliteration, metaphor. The poet laments the destruction of the ancient and the nature. The lines are irregular but these imperfections appear perfect to me because of the emotional appeal of the poet.

Poetic Devices:

Question 1.
Read the expression ‘permutation of possibility’. The consonant sound ‘P’ at beginning of the successive words creates sonorous effect. This is an example of Alliteration. Find out more examples of Alliteration from the poem.
Answer:
Examples of Alliteration
1. “Permutations of possibilities”
– the sound of ‘p’ at the beginning of the successive words creates sonorous effect.
2.“the skies surrender”
– sound of ‘s’ is repeated
3. – “dental dexterity
– sound of ‘d’ is repeated
4. – “gleaming gold”
– sound of ‘g’ is repeated
5. -“Anaesthesia, amnesia….”
– sound of ‘a’ is repeated.

Balbharti Yuvakbharati English 11th Digest Chapter 2.5 Nose Versus Eyes Notes, Textbook Exercise Important Questions and Answers.

Maharashtra State Board Class 11 English Yuvakbharati Solutions Chapter 2.5 Nose Versus Eyes

11th English Digest Chapter 2.5 Nose Versus Eyes Textbook Questions and Answers

Question (i)
Complete the web with the help of adjectives used to describe eyes and nose in all respects.

Answer:

Question (ii)
Given below are some words from legal terminology used in court affairs. Discuss and complete the table accordingly.
Answer:

Question (iii)
Name the five sensory organs and provide phrases / idioms / proverbs related to them.
Answer:
The five sensory organs are: eyes, ears, nose, skin and tongue.
The five senses are: sight, hearing, smell, touch, taste.

Phrases / Idioms / Proverbs:
(a) To turn a deaf ear (refuse to listen) / Lend an ear (to listen to)
(b) Beauty lies in the eyes of a beholder, (different people have different opinion)
(c) Pay through your nose (pay a lot of money) / Under the nose (directly in front of someone)
(d) Tongue in cheek (not serious) / Bite your tongue (to take back something that you have said.)
(e) Hand in glove (working together, often to do something dishonest) / Put your finger on something (to find out something correctly) / A thick skin (ability to ignore criticism)

(A1)

(i) State whether the following statements are true or false. Correct the false statements.

Question (a)
Nose can use spectacles.
Answer:
False. Nose cannot use the spectacles, the spectacles uses the Nose to hold them in place.

Question (b)
Eyes have to be shut when the Nose wears/puts on spectacles.
Answer:
False. Though this is the verdict of the judge, but this defeats the basic purpose of the existence of the Eyes.

Question (c)
The Ear was appointed as a judge.
Answer:
True

Question (d)
Eyes cannot use spectacles.
Answer:
False. Spectacles are meant for the Eyes for providing ability to see since it is a sensory organ.

Question (ii)
Match the following expressions given in Column ‘A’ with their interpretations in Column ‘B’

Answer:

(A2)

Question (i)
The tongue justifies the possession of the spectacles on behalf of the nose. Pick up the expressions from the poem that argue in favour of the Nose and complete the following web diagram.
Answer:

Question (ii)
Comment on the following characters depicted in the poem, in a sentence or phrase.
Answer:

Question (iii)
‘Lend thy ears to all but few thy tongue …’ is a famous quote by William Shakespeare. Justify.
Answer:
If one wants to appear intelligent, one should develop the habit of listening carefully without speaking much. One should listen attentively to all but needs to decide who should one talk to and where to stop. It is better to receive all the information before expressing an opinion. Then the decision will be considerate and thoughtful and not a hasty one.

(A3)

Question 1.
Pick out examples of Inversion from the poem.
Answer:
1. Inversion:

1. ‘Between Nose and Eyes a strange contest arose’.
The order of words are changed for poetic effect.
The proper order is ‘A strange contest arose between Nose and Eyes’.
2. ‘But what were his arguments few people know’
The proper order is : ‘Few people know what were his arguments’.
3. That the visage or countenance had not a Nose, Pray who would, or who could, wear spectacles then?’
The proper order is: Tray that then?’

2. Simile

1. ‘Designed to sit close to it, just like a saddle’.
Direct comparison between the spectacles and the saddle.
2. ‘For the court did not think they were equally wise’.
Direct comparison between the two argument of the lawyer.

3. Alliteration

1. To which the said spectacles ought to belong-’ sound of ‘s’ is repeated.
2. ‘Eyes should be shut’. – sound of ‘s’ is repeated.

4. Metonymy

1. ‘and a wig full of learning’

Change of name, ‘wig full of learning’ is actually ‘head full of learning’. The two things are separable and their connection is external.

5. Interrogation

‘Pray who would, or who could, wear spectacles then?’
It is a question where no answer is expected by the speaker.

6. Metaphor
‘While Chief Baron Eat sat to balance the laws’.
Indirect comparison between a powerful person like Baron with Ear.

7. Anticlimax
That the visage or countenance had not a Nose pray who would, or who could, wear spectacles then?’
Ideas are arranged in the descending order of importance.

8. Oxymoron
‘By daylight or candlelight’ – two opposite words are placed side by side to enhance the effect.

(A4)

Question (i)
Justify the verdict delivered in the poem.
Answer:
I can support my answer with the help of the following suitable arguments:
1. It is a well-known fact for years that the Nose holds the spectacles.
2. The spectacles are designed in such a way that it can sit on the Nose perfectly. The sections of the Nose and
the parts of the spectacles to fit on them, are in absolute harmony.
3. A face without a nose will never be able to wear the spectacles.

Question (ii)
Compose a poem of two lines of your own on any sensory organ.
Answer:
Eyes that see everything and ears that hear,
Need to have the patience and strength to bear.

Question (iii)
Imagine that you are a lawyer defending the case of the Eyes in court. Present your counter statement in support of your client.
Answer:
My Lord, my points in support of my client Eyes are:

1. Eyes are given by the God Almighty for seeing and the basic purpose of the spectacles is to give a clear vision.
2. Nose is serving the secondary purpose of holding the spectacles, but the primary purpose of seeing is served by the presence of the Eyes, one of the sensory organs.
3. I agree that without Nose, the spectacles would not have been worn or placed properly. But, without eyes, the spectacles would not have been needed.
4. If for the sake of putting on the spectacles on the Nose, the eyes are shut, the world will be absolutely dark for the spectacle wearer.

(A5)

Question (i)
Write the appreciation of the poem.
Answer:
William Cowper, the English poet, well-known for composing hymns, deviated from his usual topic and presented Nose versus Eyes, an interesting and uncommon subject on a courtroom drama of a dispute between the Nose and the Eyes about the ownership of the spectacles.

The title makes no bones about the disagreement between the Nose and the Eyes by using the word ‘versus’ and directly involves the readers in the context of the poem. The poet sarcastically refers to the contest as ‘strange’ but makes it sound very obvious about the position of the spectacles.

All the formalities of the courtroom were fulfilled with quite precision. The Tongue, which is used for speaking, was assigned the job of the lawyer so that he could defend his client wisely with valid arguments. The Tongue did his job perfectly with the help of intelligent reasoning in favour of the Nose for being the legitimate owner of the spectacles. He went to the extent of saying that in absence of a Nose, there was no way one could wear the spectacles.

Here, the poet brought the surprise element of the poem by making the same lawyer change side and represent the other disputant, the Eyes. But the learned judge, the all-powerful Ear, even after being very attentive and prudent, could not make head or tail of the arguments in favour of the Eyes. So, he had to come to a decision to give the official order in favour of the Nose, in a serious tone without having any hesitation in mind.

He also pronounced a verdict for the Eyes to keep themselves shut whenever the spectacles are worn. The poem is a satire on the judicial system and the poet made his comments very obvious by using expressions like ‘a wig full of learning’. He has personified various sensory organs, which are very essential in a courtroom, to bring out how the futility of the judiciary can lead to major harm. For creating humour, he has used the language and the background of a courtroom which also has made the poem an interesting read.

Like an allegory, where a story or poem is used to reveal a hidden meaning, this poem also can be interpreted to have a moral. All the imaginary characters point out to the moral values needed for the judiciary. The same lawyer speaks in favour of both the rivals and the deliberate attempt to present vague arguments for the second client add to the element of humour but it also hints at the justice that is denied. The deliberate use of words to protect the dignity of the judge, who actually does not do justice, is the poet’s way of pointing finger at misuse of such an important service.

The first reaction of the reader will be having a good laugh while reading the poem. But the deeper meaning of the need for morality in the judicial system definitely makes the poem thought-provoking.

Question (ii)
Write the summary of the poem.
Answer:
Refer Synopsis.

(A6) Project:

Read different stories about intelligent ministers of kings, whose judgements helped to bring about law and order in society. For example, Birbal, Tenalirama etc. Write 5 such stories in your notebook.

Yuvakbharati English 11th Digest Chapter 2.5 Nose Versus Eyes Additional Important Questions and Answers

Question 1.
Give reasons for the dispute between the Nose and the Eyes.
Answer:
The dispute arose because both the Nose and the Eyes have important roles to play for the spectacles. The eyes use the spectacles to see the things and the Nose holds the spectacles to keep them in place. But unfortunately, both of them were not ready to accept the usefulness of each other for the spectacles and each was supposed to serve its own purpose. So, the dispute arose.

Question 2.
The poem gives close resemblance to human life. The images used in the poem describe human tendencies. Find such examples/tendencies.
Answer:
The human tendencies are:

1. to create unnecessary dispute without accepting the obvious fact – ‘To which the said spectacles ought to belong.’
2. To be unreasonable, just to prove one’s point and be a winner. One does not even need to know the validity of the argument – ‘That the Nose had spectacles always in war’.
3. Quickly shift the side even after knowing that it can cause a big damage – ‘He pleaded again in behalf of the Eyes’.
4. To pass a judgement without considering the adverse effect it can lead to – ‘By daylight or candlelight – Eyes should be shut’.

Comprehension

Global Understanding:

Question 1.
Complete the web.

Answer:

Inference/ Interpretative / Analysis

Question 1.
How does the lawyer Tongue defend the case of Nose?
Answer:
The lawyer Tongue feels that the Nose deserves the sole right over the ownership of the spectacles as it has been used to wear the spectacles from time immemorial. He also argues that the spectacles are made in such a way that they perfectly fit on the nose. He tries to make his argument stronger by saying that in the absence of the nose on the face, it will be impossible to wear the spectacles.

Personal Response:

Question 1.
Do you support the poet’s satire presentation of the judicial system? Explain.
Answer:
To a large extent, I support the poet since the courtroom drama is a common sight in our country as well. People do not hesitate to resort to lies just to win a case and many a times the judiciary turns blind eyes and a deaf ear to all those untruths. But this cannot be generalized. There is always two sides of a coin and an honest verdict may be rare, but possible to achieve.

Poetic Device:

Question 1.
Name and explain the figure of speech in the following line.
While Chief Baron Ear sat to balance the laws’.
Answer:
Metaphor: Indirect comparison between a powerful person like Baron with Ear.

Creativity:

Question 1.
Compose the funny poem of two lines with or without a rhyme scheme, on ‘The Spectacles’.
Answer:
Oh spectacles! when will you leave me?
Don’t fit on my flat nose, however useful you can be.

Appreciation:

Question 1.
Write an appreciation of the extract with the help of the following points. (100 – 150 words)

• About the extract
• Theme and significance
• Poetic style, language, poetic devices
• Inspirational message
• Your opinion and critical evaluation of the extract

Answer:
This extract sarcastically prevents the defense of the lawyer Tongue, for his client Nose as the lawful owner of the spectacles. All the formalities of the courtroom are fulfilled carefully. The lawyer presents his arguments in favour of his client Nose with precision. He places his points in front of the judge Ear judiciously saying that the Nose has been designed to hold the spectacles properly and without the existence of the nose, wearing the spectacles will be impossible.

The poem is a satire on the judicial system and the sensory organs are personified to bring out the theme i.e., fertility of the judiciary can lead to major harm. This extract is also like an allegory where all the imaginary characters hint at the moral values needed in the judiciary system. The humorous presentation of the drama in the courtroom in order to point out an important issue like honesty in the judiciary system makes the extract interesting to me.

Glossary:

1. straddle – extension on both sides
2. ridge – a long, narrow or projected part of a body: the ridge of the nose
3. intended – expected to be
4. dispute – disagreement, clash
5. spectacles – glasses used for clear vision
6. wig – a special covering for the head made of artificial hair worn by the judges,
7. Baron – a powerful person,
8. discerning – showing good judgement,
9. amounts to – becomes,
10. straddle – extend across both sides,
11. ridge – an edge,
12. saddle – a low part of ridge between two high points, sit with a raised ridge,
13. visage or countenance – face,
14. condemn – express disapproval of,
15. decreed – an official order that has the force of law,
16. Solemn – formal and dignified.

Balbharti Maharashtra State Board Class 12 Secretarial Practice Solutions Chapter 9 Depository System Textbook Exercise Questions and Answers.

Maharashtra State Board Class 12 Secretarial Practice Solutions Chapter 9 Depository System

1A. Select the correct answer from the options given below and rewrite the statements.

Question 1.
In physical mode, securities are held in ____________ form.
(a) Paper
(b) Dematerialization
(c) Electronic
Answer:
(a) Paper

Question 2.
Risk of losing certificates exist in ____________ mode.
(a) Physical
(b) Dematerialization
(c) Digital
Answer:
(a) Physical

Question 3.
In Depository system, securities are held in ____________ form.
(a) Scrip based
(b) Electronic
(c) Physical
Answer:
(b) Electronic

Question 4.
____________ is the institute which facilitates electronic holding of securities.
(a) Depository Participant
(b) Issuer
(c) Depository
Answer:
(c) Depository

Question 5.
There is no payment of ____________ when securities are demated.
(a) Octroi
(b) Wealth Tax
(c) Stamp Duty
Answer:
(c) Stamp Duty

Question 6.
Depository Act was passed in ____________
(a) 1919
(b) 1996
(c) 1999
Answer:
(b) 1996

Question 7.
India has a ____________ depository system.
(a) Sole
(b) Multi
(c) Single
Answer:
(b) Multi

Question 8.
____________ is a constituent of depository system.
(a) Government
(b) Issuer
(c) Trust
Answer:
(b) Issuer

Question 9.
____________ is the oldest depository in India.
(a) Dow Jones
(b) NSDL
(c) CDSL
Answer:
(b) NSDL

Question 10.
Demat account is opened by ____________
(a) Beneficial owner
(b) CDSL
(c) SEBI
Answer:
(a) Beneficial owner

Question 11.
Demated shares are ____________
(a) Non-transferable
(b) Fungible
(c) Bearer
Answer:
(b) Fungible

Question 12.
____________ is a unique code given to a security.
(a) IBM
(b) BBM
(c) ISIN
Answer:
(c) ISIN

Question 13.
In India ISIN for corporate securities is allotted by ____________
(a) NSDL
(b) Central Government
(c) State Government
Answer:
(a) NSDL

Question 14.
____________ has to apply for ISIN.
(a) Company
(b) Depository Participant
(c) Depositors
Answer:
(a) Company

Question 15.
____________ has to pay charges to maintain Demat Account.
(a) Investor
(b) Issuer
(c) Depositor
Answer:
(a) Investor

Question 16.
NSDL is promoted by ____________
(a) NSE
(b) BSE
(c) FTSE
Answer:
(a) NSE

Question 17.
CDSL is promoted by ____________
(a) NSE
(b) BSE
(c) FTSE
Answer:
(b) BSE

1B. Match the pairs.

Question 1.

Answer:

1C. Write a word or a term or a phrase that can substitute each of the following statements.

Question 1.
This mode of holding securities may result in loss and theft of certificates.
Answer:
Physical mode of securities

Question 2.
The organization holds the securities in electronic mode.
Answer:
Depository

Question 3.
This system eliminates storing of certificates.
Answer:
Depository system

Question 4.
This system allows faster and easier transfer of securities.
Answer:
Depository system

Question 5.
The oldest Depository of India.
Answer:
NSDL (National Security Depository limited)

Question 6.
The country where the Depository system started for the first time.
Answer:
Germany

Question 7.
The registered owner of securities.
Answer:
Beneficial Owner

Question 8.
The agent of the Depository.
Answer:
Depository Participant

Question 9.
This process converts securities into an electronic form from a physical form.
Answer:
Dematerialization

Question 10.
This process converts securities into physical form from electronic form.
Answer:
Rematerialization

Question 11.
This means securities are without distinctive identity numbers.
Answer:
Fungibility

Question 12.
This is the unique code for security given in the Depository system.
Answer:
International Securities Identification Number

1D. State whether the following statements are true or false.

Question 1.
The physical mode of holding Securities is risky.
Answer:
True

Question 2.
Allotment of Securities takes a longer time when in physical mode.
Answer:
True

Question 3.
Transfer of Securities is easier in electronic mode.
Answer:
True

Question 4.
Bad delivery is likely in the Depository system.
Answer:
False

Question 5.
The depository system began in the USA for the first time in the world.
Answer:
False

Question 6.
India has a multi-depository system.
Answer:
True

Question 7.
The depository system is very similar to the banking system.
Answer:
True

Question 8.
DP is a constituent of the Depository system.
Answer:
True

Question 9.
DP is an Agent of the Depository.
Answer:
True

Question 10.
A bank can work as a DP.
Answer:
True

Question 11.
DRF is required for conversion from physical to electronic.
Answer:
True

Question 12.
ISIN is a unique code given to the specific Securities.
Answer:
True

1E. Find the odd one.

Question 1.
Elimination of storage of certificates, theft of certificates, torn certificates
Answer:
Elimination of storage of certificates

Question 2.
NSDL, CDSL, NBFC
Answer:
NBFC

Question 3.
Depository, DP, RBI
Answer:
RBI

Question 4.
DP, BO, State Government
Answer:
State government

Question 5.
Issuer, BO, Central Government
Answer:
Central government

Question 6.
DRF, RRF, PPF
Answer:
PPF

1F. Complete the sentences.

Question 1.
Central location for keeping Securities in demated form is ____________
Answer:
Depository

Question 2.
Freezing of debit/credit of Securities is possible in ____________
Answer:
Dematerialized Securities

Question 3.
First Depository of the world started in the year ____________
Answer:
1947

Question 4.
The Indian Depository Act was passed in the year ____________
Answer:
1996

Question 5.
Link between Depository and investor is ____________
Answer:
Depository participant

Question 6.
Account of Securities of the investor is maintained by ____________
Answer:
Depository Participant

Question 7.
The process which converts physical Securities in electronic form is ____________
Answer:
Dematerialization

Question 8.
The process which converts digital Securities in physical form is ____________
Answer:
Rematerialization

Question 9.
The issuer company must register with ____________
Answer:
Depository

Question 10.
The unique code identifying a security is ____________
Answer:
(ISIN) International Securities Identification Number

Question 11.
The first Depository of India is ____________
Answer:
NSDL (National Security Depository Limited)

1G. Select the correct option from the bracket.

Question (I).

(1999, Agent of Depository, Germany, Physical to electronic)
Answer:

Question (II).

(12 digital code, NSDL, Electronic to physical, No distinctive number)
Answer:

1H. Answer in one sentence.

Question 1.
What is the Depository system?
Answer:
A depository system is a system where Securities are held in electronic form.

Question 2.
Give examples of actions termed as corporate action.
Answer:
Payment of dividend, issue of Bonus Shares, offering of right Shares, Early Redemption of Debentures, Mergers and Acquisitions, etc.

Question 3.
When was Depository Act passed in India?
Answer:
Depository Act was passed in India in the year 1996.

Question 4.
What is a DP?
Answer:
DP means Depository participant, who is an agent of Depository.

Question 5.
What is Dematerialisation?
Answer:
Dematerialization is the process of converting physical Securities into electronic.

Question 6.
What is Rematerialization?
Answer:
Rematerialization is the process of converting electronic Securities into physical.

Question 7.
What is ISIN?
Answer:
ISIN is the unique code given to the specific Securities of the company. ISIN refers to ‘International Securities Identification Number’.

Question 8.
Name the Depositories in India?
Answer:

• National Security Depository Limited (NSDL)
• Central Depository Services Limited (CDSL)

1I. Correct the underlined words and rewrite the following sentences.

Question 1.
The electronic mode of holding Securities is risky.
Answer:
The physical mode of holding Securities is risky.

Question 2.
Allotment and Transfer of Securities are time-consuming in electronic mode.
Answer:
Allotment and Transfer of Securities are time-consuming in physical mode.

Question 3.
Banking system leads to a script less capital market.
Answer:
Depository system leads to a scriptless capital market.

Question 4.
Storage of certificates is not required in the physical mode of holding.
Answer:
Storage of certificates is not required in the electronic mode of holding.

Question 5.
India has a single Depository system.
Answer:
India has a multi Depository system.

Question 6.
Depository participant in India has to register under the Partnership Act.
Answer:
Depository participant in India has to register under the Depository Act.

Question 7.
Demat accounts are opened and maintained by the Depository.
Answer:
Demat accounts are opened and maintained by the Depository Participant.

Question 8.
Securities are fungible in physical mode.
Answer:
Securities are fungible in electronic mode.

Question 9.
ISIN is a code given to a company.
Answer:
ISIN is a code given to the security of a company.

Question 10.
ISIN of Indian government Securities is issued by NSDL.
Answer:
ISIN of Indian government Securities is issued by RBI.

1J. Arrange in proper order.

Question 1.
(a) Gets statement of Account
(b) Open Demat Account
(c) Submit DRF
Answer:
(a) Submit DRF
(b) Open Demat Account
(c) Gets statement of Account

Question 2.
(a) Investor (BO) submits an application for Securities to the issuer company
(b) Depository intimates the DP about crediting Bo’s Account
(c) Issuer company gives details of allotment to Depository.
Answer:
(a) Investor (BO) submits an application for Securities to the issuer company
(b) Issuer company gives details of allotment to Depository
(c) Issuer company gives details of allotment to Depository

2. Explain the following terms/concepts.

Question 1.
Depository System
Answer:

• In the Depository system, securities are held in electronic form.
• The transfer and settlement of securities are done electronically.
• The Depository System maintains accounts of the shareholder, enables transfer, collects dividends, bonus shares, etc. on behalf of the shareholder.
• This system is also called a scriptless trading system.
• It keeps the securities safe. It offers scope for paperless trading by using state-of-art technology.

Question 2.
Dematerialization
Answer:

• Dematerialization is a process whereby a client can get physical certificates converted into electronic mode.
• For this client has to surrender the certificates along with the Demat Request Form (DRF) to the DP.

Question 3.
Rematerialization

• Rematerialization is the process whereby a client can get his electronic holdings of securities converted into physical certificates.
• For this client has to give a written request in the form of Remat Request Form (RRF) to the DP.

Question 4.
Fungibility
Answer:

• Fungibility means the state of being interchangeable. Securities issued by the same company of the same class have the same value no matter who owns them.
• The securities held in electronic form are fungible which means they don’t have distinctive numbers.

Question 5.
ISIN
Answer:

• ISIN is a standard numbering system that is accepted globally.
• ISIN consists of a 12 (twelve) digit alpha-numeric code which is divided into 3 (Three) parts.
• The company has to apply for ISIN for its securities with documents like a prospectus.

3. Study the following case/situation and express your opinion.

1. Mr. Z holds 100 shares of peculiar Co. Ltd. In physical mode and wishes to convert the same in electronic mode:

Question (a).
Mr. Z holds a savings bank account with CFDH Bank Ltd. Can he deposit his shares in this account for Demat?
Answer:
No. He can’t, as it is a savings bank account.

Question (b).
What type of account is needed for the same?
Answer:
For holding electronic securities, he needs to open a Demat A/c with the Depository Participant (DP).

Question (c).
Is it the RBI that will be the custodian of shares of Mr. Z after demating?
Answer:
No. RBI won’t be the custodian. After demating concerned ‘Depository’ (NSDL/CDSL) will be the custodian of the shares of Mr. Z.

2. Mr. R holds 100 shares of Peculiar Co. Ltd. In Demat mode.

Question (a).
He wants to transfer one share each to his wife, daughter, and son. Can he do so?
Answer:
Yes, Mr. R can do so, as under dematerialized securities market lot is of one share.

Question (b).
Does he need to submit DRF or DIS if he wants to transfer his shares?
Answer:
He needs to submit DIS (Delivery Instruction Slip) if he wants to transfer his shares.

Question (c).
Can he nominate his wife in his Demat account?
Answer:
Yes. Mr. R can nominate his wife for the Demat account.

3. Mrs. Z wishes to open a Demat account in her name.

Question (a).
Can she open the account going to the Mumbai office of NSDL?
Answer:
No, Mrs. 2 cannot go directly to the Mumbai office of NSDL.

Question (b).
Is she required to pay for the opening of the account and its maintenance?
Answer:
Yes, she is required to pay for the opening of the account and its maintenance.

Question (c).
Does she have to send the shares to the respective company for demating?
Answer:
Yes, she has to send her original share certificate through Depository Participant to the company.

4. Mr. L wants to demat his 25 shares of Peculiar Co. Ltd bearing certificate no 100 and distinctive no 76-100.

Question (a).
Which form is he required to fill as a written request to the DP?
Answer:
Mr. L is required to fill Demat Request Form (DRF) as a written request to DP.

Question (b).
Does he have to fill instrument of transfer if he wishes to transfer the same after demat?
Answer:
No, he needs to fill instrument of transfer after opening Demat A/c.

Question (c).
Does he have to quote certificate no. and distinctive no. if he wishes to transfer his shares after it is in Demat form?
Answer:
No, Mr. L need not quote certificate no. and distinctive no. if he wishes to transfer his shares after it is in Demat form.

5. Mr. S. holds 50 shares of Peculiar Co. Ltd in Demat form. The company has declared a dividend of Rs 5. Per-share and Bonus of 1 : 1 to its shareholders.

Question (a).
How will Mr. S get his dividend?
Answer:
Mr. S will get his dividend credited directly to his Demat A/c.

Question (b).
Will he get a Bonus share in Physical or Demat?
Answer:
He will get Bonus Share in his Demat A/c.

Question (c).
Who is entitled to dividend and Bonus: Mr. S or the depository? (NSDL in this case).
Answer:
Mr. S is entitled to dividends and Bonuses through the depository services.

4. Distinguish between the following.

Question 1.
Dematerialization and Rematerialization.
Answer:

5. Answer in brief.

Question 1.
Explain the disadvantages of the physical mode of holding securities.
Answer:
Securities mean shares, debentures, bonds, units of mutual funds, securities are held in physical form or paper form. Following are the problems/disadvantages of holding the securities in electronic form:
(i) Risk factor:
Paper certificates can be lost, damaged, torn, stolen, or misplaced during transit, etc.

(ii) Efforts in Duplicating:
If the original certificate is lost it becomes difficult to obtain duplicate certificates. It consumes time, effort, and money.

(iii) Delay in the allotment:
Allotment of new securities in physical form requires a longer time.

(iv) Delay in Transfer and Transmission:
Handling and recording physical certificates take a lot of time in the transfer and transmission of securities.

(v) Risk of Bad Delivery:
Buying and selling securities can create problems if the certificates are torn, forged, etc.

Question 2.
Explain any four advantages of the Depository system to investors.
Answer:
Investor refers to the Beneficial Owner, the one who invests in the company’s securities.
Advantages of Depository System to the Investor are as follows:
(i) No Risk:
Risks related to physical certificates like delays, loss of certificates, theft, mutilation, bad deliveries, etc. are totally eliminated.

(ii) Safety of Investment:
The safest and secure way of holding securities is in the form of DEMAT. It is controlled under Depositories Act and monitored by SEBI. For e.g. If we don’t want to deal in securities, for the time being, we can freeze the account instructing DP to avoid unexpected debit or credit.

(iii) Easy Transfer of Shares:

• There is no need of filling transfer form and submitting documents.
• Stamp duty is not applicable in this process.
• Cash realization and security transfer take place very fast.

(iv) Updated information:
The investor receives updated information about his transactions and holdings from DP and also sometimes from Depository.

(v) Loan against securities:
An investor can raise a loan from the banks against the security of Dematerialized securities.

(vi) No ‘Lots’:
The lot system has been abolished. The market lot is one share for dematerialized securities.

(vii) Nomination Facility:
Nomination Facility is allowed under the Depository system. In the event of the death of the investor, the process becomes simple.

(viii) Automatic Credit:
The investor’s account is automatically credited or debited by the company. This is called ‘Corporate Action.’
For e.g. Payment of dividend, Bonus Issue, Right Issue, Redemption, etc.

Question 3.
Explain any four advantages of the Depository system to the company.
Answer:
Benefits/Advantages of Depository System:
(A) Investors:
(i) Safety:
A safe and secure way of holding securities is in electronic form/mode. The depository system is monitored by SEBI. The Investor can keep his account in a ‘Freeze/Lock’ mode to avoid/prevent unexpected debit or credit or both by giving instructions to the DP.

(ii) Easy Transfer of Shares:
These securities can be easily transferred in electronic mode. Filling out the transfer form and uploading the documents can be easily done online. It is a time and efforts saving process. No stamp duty is levied on the depository system.

(iii) Update and Intimation:
The investor can check his status of holding securities at any time. Depository Participant provides investors with his statement of accounts periodically.

(iv) Automatic Credit:
Under, the depository system the investor’s account is automatically credited/debited. This credit or debit of accounts is usually in case of Payment of Dividend, Issue of Bonus Shares, Offering of Rights Shares, Early Redemption of Debentures, Mergers, and Acquisitions, etc.

(B) Companies:
(i) Up-to-date Information:
The depository system enables the company to maintain the information of the investors holding. It also helps the company to keep updated information about its shareholding pattern. The company is able to know the particulars of beneficial owners and their holdings periodically.

(ii) Reduction in costs and efforts:
Due to the depository system, maintaining the documents physically, the printing of certificates has saved a lot of time and cost.

(iii) Better Relationships:
The transfer process under the depository system is prompt and free from defects. So, complaints against the company by an investor are avoided in this regard. This helps the company build a good corporate image.

(iv) International Investment:
Paperless trading is a boon for the company management as it provides better and quicker services to the investors staying within the country and abroad. This attracts investment from abroad.

Question 4.
Explain Depository as a constituent of Depository System.
Answer:

• The depository is a company registered under the Companies Act, to deal in securities.
• It holds the securities in electronic form.
• It is responsible for safeguarding the investor’s securities and preventing any manipulation of records and transactions.
• There is no direct access of investors with the Depository.
• It works as a link between the company and investors.
• Statement of accounts is provided to the investor periodically.

Question 5.
Explain DP as the constituent of the Depository System.
Answer:

• Depository Participant acts as a link between the Depository and the Investor. In other words, it is an agent of the depository.
• DP is registered under the SEBI Act. It enjoys rights and obligations as specified under SEBI Regulations of 1996.
• It is an intermediary appointed by Depository.
• DP directly deals with customers and sends a statement of accounts periodically.
• The DP has a unique number for identification.
• Banks, Financial Institutions, Stock Brokers, etc. can function as Depository Participants.
• Thus, it is rightly justified that DP is an important constituent of the Depository system.

6. Justify the following statements.

Question 1.
Electronic holding of securities is safer than physical holding.
Answer:

• Electronic holding of securities means holding the securities in dematerialized form.
• Conversion of physical certificates into electronic form is known as ‘Dematerialization’.
• Holding securities in electronic form eliminates a huge volume of paperwork.
• The use of technology facilitates paperless trading which eliminates storage and handling of certificates. It also helps in reducing costs and efforts.
• There is no risk of getting lost, damaged, torn, stolen, misplaced during transit, etc.
• Delay in transfer and allotment of securities is also avoided.
• Thus, it is rightly justified that, electronic holding of securities is safer than physical holding.

Question 2.
Depository provides easy and quicker transfer of shares.
Answer:

• Under the Depository system, securities are held in electronic form.
• Not only the transfer and settlement of securities are done electronically but it also maintains the accounts of the shareholder, collects dividends, bonus shares, etc. on behalf of the shareholder.
• Depository Participant acts as a link between the Depository and the Investor.
• No stamp duty is levied on the depository system.
• Processing time in the transfer of securities is reduced and neither the securities nor the cash is held up for an unnecessarily long time.
• Hence it is also called a “Scripless trading system”. Thus, it is rightly justified that the Depository provides easy and quicker transfer of shares.

Question 3.
Depository System results in reduced time, cost and efforts.
Answer:

• The depository System has a very important role to play in the successful functioning of the Capital market.
• Under Depository System, securities are held in electronic form.
• The transfer and settlement of securities are done electronically.
• The Depository system maintains accounts of the shareholder, enables transfer, collects dividends, bonus shares, etc. on behalf of the shareholder.
• It eliminates a huge volume of paperwork, storage, and handling of physical certificates.
• Thus, it is rightly justified that, Depository system results in reduced time, cost and efforts.

Question 4.
The depository system is very similar to the Banking system.
Answer:

• The depository system is similar to the Banking system in many aspects.
• Depository keeps the securities safe, just like the bank keeps the money of the account holder safe.
• In banks, funds are held in accounts having unique numbers. Similarly, securities are held in accounts having unique IDs.
• There is no physical handling of money in the bank. Similarly, there is no physical handling of securities by the depository.
• Bank facilitates the transfer of funds between accounts. Depository facilitates the transfer of securities between accounts.
• Thus, it is rightly justified that the Depository system is very similar to the Banking system.

Question 5.
DP is an important constituent of the Depository system.
Answer:

• Depository Participant acts as a link between the Depository and the Investor. In other words, it is an agent of the depository.
• DP is registered under the SEBI Act. It enjoys rights and obligations as specified under SEBI Regulations of 1996.
• It is an intermediary appointed by Depository.
• DP directly deals with customers and sends a statement of accounts periodically.
• The DP has a unique number for identification.
• Banks, Financial Institutions, Stock Brokers, etc. can function as Depository Participants.
• Thus, it is rightly justified that DP is an important constituent of the Depository system.

Question 6.
Depository system allows both: Physical to electronic and electronic to physical conversion.
Answer:

• Under the Depository system, physical certificates can be converted into electronic ones known as ‘Dematerialization’.
• Similarly, the conversion of electronic securities into physical certificates is known as ‘Rematerialization’.
• Due to Dematerialization transfer of securities takes place fast and transactions are also settled immediately. Whereas in Rematerialization, settlement of transactions in the physical system takes more time.
• In Rematerialization, storing and handling physical certificates is more time-consuming. Whereas in dematerialization, there is no handling of certificates.
• There are chances of certificates getting lost, damaged, torn, stolen, misplaced during transit, etc.
• In this technological world, Demat securities are more preferred over Rematerialized securities.
• Thus, it is rightly justified that the Depository system allows both: Physical to electronic and electronic to physical conversion.

Question 7.
ISIN is a necessary component of Demat.
Answer:

• International Securities Identification Number (ISIN) is a code that uniquely identifies a specific securities issue.
• ISINs are allotted by that country’s NNA (National Numbering Agency).
• ISIN is a standard numbering system that is accepted globally.
• The ISIN’s structure is currently defined by the International Organization of Standardization (ISO).
• ISIN consists of a 12 (twelve) digit alpha-numeric code which is divided into 3 (three) parts.
• The company has to apply for ISIN for its securities with documents like a prospectus.
• In India, issuing ISIN to securities is assigned by SEBI to NSDL (for Demat shares). SEBI works as NNA in India.
• Thus, from the above points, it is rightly justified that ISIN is a necessary component of Demat.

7. Answer the following.

Question 1.
What is Depository System? Explain its advantages?
Answer:
The depository system came into existence in the year 1996. It is a system where securities are held in electronic form. It also maintains accounts of the shareholder, enables transfer, collects dividends, bonus shares, etc. on behalf of the shareholder. In other words, it is also called a scriptless trading system.

Benefits/Advantages of Depository System:
(A) Investors:
(i) Safety:
A safe and secure way of holding securities is in electronic form/mode. The depository system is monitored by SEBI. The Investor can keep his account in a ‘Freeze/Lock’ mode to avoid/ prevent unexpected debit or credit or both by giving instructions to the DP.

(ii) Easy Transfer of Shares:
These securities can be easily transferred in electronic mode. Filling out transfer forms and uploading the documents can be easily done online. It is a time and efforts saving process. No stamp duty is levied on the depository system.

(iii) Update and Intimation:
The investor can check his status of holding securities at any time. Depository Participant provides investors with his statement of accounts periodically.

(iv) Automatic Credit:
Under, the depository system the investor’s account is automatically credited/debited. This credit or debit of accounts is usually in case of Payment of Dividend, Issue of Bonus Shares, Offering of Rights Shares, Early Redemption of Debentures, Mergers, and Acquisitions, etc.

(B) Companies:
(i) Up-to-date Information:
The depository system enables the company to maintain the information of the investors holding. It also helps the company to keep updated information about its shareholding pattern. The company is able to know the particulars of beneficial owners and their holdings periodically.

(ii) Reduction in costs and efforts:
Due to the depository system, maintaining the documents physically, the printing of certificates has saved a lot of time and cost.

(iii) Better Relationships:
The transfer process under the depository system is prompt and free from defects. So, complaints against the company by an investor is avoided in this regard. This helps the company build a good corporate image.

(iv) International Investment:
Paperless trading is a boon for the company management as it provides better and quicker services to the investors staying within the country and abroad. This attracts investment from abroad.

Question 2.
Explain the constituents of the depository system.
Answer:

(i) Depository:

• Depository is an organization or a system where securities/shares are held in electric form.
• Depository transfers securities/shares between accounts on the instruction of the account holders.
• Depository contacts the customer through a depository participant.
• Transfer of shares is made through mere computerized book-entry in the depository.
• This becomes possible because shares are dematerialized.
• Only those securities which are held in the form of the share certificate are one’s names can be dematerialized.
• At present, there are two depositories. They are:
  • National Securities Depository Limited (NSDL)
  • Central Depository Services Limited (CDSL).

(ii) Depository Participant:

• The depository participant is the representative of the depository.
• Depository participant acts as an intermediary between investors and depositories.
• The depository participants have an identity number for identification.
• It has to maintain accounts of securities of each investor.
• Depository participant gives intimation about holdings from time to time by sending a statement of holding.
• According to SEBI guidelines financial institutions, banks, stockbrokers can act as a depository participant.

(iii) Beneficial Owner:

• An investor is known as ‘Beneficial Owner’ on whose name Demat account is opened.
• He enjoys the rights and benefits of members such as getting dividends, getting bonus shares, to vote at meetings.
• He is allotted an account number where securities are held.

(iv) Issuer Company:

• It is a company that makes an issue of securities.
• It must get registered with the depository.

Balbharti Yuvakbharati English 11th Digest Chapter 2.3 There is Another Sky Notes, Textbook Exercise Important Questions and Answers.

Maharashtra State Board Class 11 English Yuvakbharati Solutions Chapter 2.3 There is Another Sky

11th English Digest Chapter 2.3 There is Another Sky Textbook Questions and Answers

Question (i)
Life is an amalgam of happy and sad moments. Think of such moments in your life, pair with your classmate and share both the aspects of life.
Answer:

Question (ii)
Find proverbs, idioms or phrases of similar meaning to the one given and fill them in the circles given below:

Answer:

Question (iii)
When we look at the sky, we find several objects. They stand for something or the other. Complete the following table by finding the significance of the given objects. (Answers are given directly)
Answer:

Question (iv)
Colours mentioned in the hexagons given below, are associated with something or the other. Dissuss and fill in the blanks.

Answer:

(A1)

Question (i)
Imagine your younger sister is not paying attention to her studies and is seen wasting time playing games on her cell-phone. Suggest some ways that will help her to concentrate on her studies and overcome her bad habit.
Answer:
My dear sister, these days I hardly see you studying. Most of the time you are busy with your mobile, either playing games or sending WhatsApp messages. You are lost in the world of your cell-phone. Is it fair ? Ask yourself whether you are doing the right thing. I understand, you are living in an age where the cell-phones are the latest craze. But, I think, you are grown up enough to decide what is good for you. You must learn to draw the line, ‘This far and no further.’

I suggest, you make a timetable for yourself, giving enough time for all your subjects, according to your own level of difficulties. That will definitely give you some time to relax and play games on your cell-phone. Excess of anything is bad.

Your eye-sight need to be protected also. Balancing things in life is an art and you must realise the importance of studies in life. I am always there to help you so that you can comfortably manage your studies along with your time for relaxation.

Question (ii)
You have noticed that many of your classmates are not interested in outdoor games or participating in co-curricular activities. Discuss some ways in which they will be encouraged to participate in activities.
Answer:
Dear friend, as the General Secretary of the Cultural Forum, I have observed that many of you are not interested in taking part in extra curricular activities, both intra-collegiate and inter-collegiate. I am also concerned that even the outdoor sports are being neglected. I think, it is the high time to talk to you.

Friends, I know the importance of studies at this stage of your life. But extra-curricular activities need to go hand in hand with the curriculum since they help in our all-round development. They give us opportunities to showcase our non academic abilities which are equally important in the big competitive world. Not only do they boost our confidence but they also help to enhance our theoretical knowledge.

Unfortunately, we are caught in a rat race to establish ourselves in life. Extra-curricular activities give us a lot of exposure, speech fluency, teach us time management, help us develop sense of responsibility and, according to me, most importantly broadens our horizon by giving us courage to come out of our systems.

About outdoor sports, I think, we all have heard the proverb, ‘A healthy mind in a healthy body’. Co-operation, team work, discipline, fellow-feeling, follow the instructions of the captain, personality development along with the improved health-the list is endless to talk about the benefits of outdoor sports. Moreover, there are practical benefits like opportunities of getting admission in colleges, jobs through sports quota, channel to represent your country in the national and international competitions, earning recognition through awards.

Friends, I can go on talking about the extra-curricular activities and sports because I, myself is a beneficiary of all these advantages. I hope, all of you will take part in large numbers in extra-curricular activities as well as make an attempt to develop an interest in sports. All the best to all of you.

(A2)

Question (i)
Complete the web, highlighting the sad and gloomy aspects of life mentioned in the first part of the poem.

Answer:

Question (ii)
The poet encourages her brother in the second part of the poem by telling him about the brighter
side of life. Make a list of the expressions in the poem that mean encouragement.
(a) Brighter garden
(b) …………………….
(c) …………………….
Answer:
(a) Brighter garden
(b) Unfading flowers
(c) Bright bee hum

Question (iii)
The poet has described two different shades of human feelings by using imagery of various forces of Nature in the poem. Pick out the terms or phrases that describe them. Complete the table given below.
Answer:

Question (iv)
The poem expresses feelings of serenity. Pick out expressions from the above poem that express the same…..
Answer:
(a) ‘There is another sky/Ever serene and fair,
(b) “And there is another sunshine….”
(c) “a little forest,/whose leaf is ever green,”
(d) “Unfading flowers….”

Question (v)
Compare and contrast the two opposing human feelings as expressed by the poet.
Answer:
It was possible that the poet’s brother who has staying in a different place, must have complained of sadness. The poet’s response to that was to invite him to ‘my garden’ where there was brightness forever. She deliberately used contrasting images of depression and joy from the nature to encourage and inspire her brother who was down with hopelessness. As against, silent, lonely fields, fading flowers and darkness she presented peaceful sky, bright sunshine, unfading flowers, buzzing bees, forests with evergreen leaves.

All these images represented the human feelings in two opposite worlds. The poet’s world might be an imaginary place but they could create positivity in a depressed mind.

(A3)

Question 1.
‘Never mind faded forests, Austin’. The word ‘faded’ means to become dim or faint. The word describes the forests that have become faint or dim in appearance. Now go through the poem again and complete the table.
Answer:

(A4)

Question 1.
‘I hear the bright bee hum.’ The poet has used the word ‘hum’ that indicates the sound made by the bee. This is an example of Onomatopoeia.
The poet has used different figures of speech like alliteration, inversion and hyperbole in the poem. Identify them and pick out the lines accordingly.
(i) ‘I hear the bright bee hum’- The figure of speech is Onomatopoeia. The poet has used the word “hum” to indicate the sound made by the bee.

(ii) Metaphor:
‘There is another sky’ – Here the poet indirectly compares ‘another sky’ with ‘another place’ indicating ‘there is another place for you.’

(iii) Hyperbole:
In its unfading flowers’ – The poet makes use of an exaggerated statement. Flowers do fade with time.

(iv) Alliteration:
(a) ‘faded forest’ — Here, the sound of the letter ‘t’ is repeated for poetic effect.
(b) ‘bright bee’ – Here, the sound of the letter ‘b’ is repeated for poetic effect.

(v) Inversion:
(a) ‘where not a frost has been’
The word order is changed for poetic effect.
(b) ‘Prithee, my brother/into my garden come!’
The word order is changed for poetic effect.

(vi) Repetition:
(a) ‘There is another sky …./And there is another sunshine’.
– Expressions are repeated to show the possible alternative, arrangement.
(b) ‘Never mind faded forests, Austin,/Never mind silent fields…’
– Expressions are repeated to emphasise the poet’s intention.
(c) ‘Here is a little forest,…./ Here is a brighter garden’.
The expressions are repeated to provide hope.

(vii) Litotes : ‘Where not a frost has been’.
– A negative word ‘not’ is used in the statement to emphasize a strong positive feeling. ‘Not a frost’ is absolutely frost free.

(A5)

Question 1.
Imagine your friend is a table tennis champion who has won the semi-final in the inter-collegiate championship. Due to over confidence, she neither practises nor does she take her opponent seriously. This may result in her losing the final. Suggest some ways to make her aware of the importance of hard work and regular practice.
Answer:
Dear Sushama, congratulations on winning the semi final of the inter collegiate table tennis championship! But I never see you practicing and preparing yourself mentally and physically for the finals. I am really worried. Are you so confident of your success that you don’t even bother to attend your regular practice sessions? You must be knowing, ‘Practice makes a man perfect’. The other day I was watching the final match of Wimbledon Tennis Competition and it was amazing how the finalist Roger Federer, at the age of 37, was doing so much of hard work to win the long rallies.

Some of the strikes were excellent and this must be the result of his rigorous practice. These are legends and you must learn from them. There is no short cut to success and hard work always pays. You must take out enough time for practice to boost your confidence for the final match. Don’t take things easy and look down upon your opponent. Do it now-start regular practices. All the best!

(A6)

Question (i)
Use the following points and write an appreciation of the poem :

• About the poem, poet and title
• Theme
• Poetic style, language, poetic devices used in the poem
• Special features
• Message/values/morals in the poem
• Your opinion about the poem

Answer:
She assured him not to worry since she could suggest another place, most probably their own home where they had shared many lovely moments. This poem is a sonnet comprising of fourteen lines. Like a typical Petrarchan sonnet,the first eight lines called octave, hint at a problem or express an emotional tension. The last six lines called sestet, try to resolve the problem by relieving the tension. The poem also brings out the poet’s love for nature and here the sonnet resembles. Shakespeare’s sonnets which also has glorified nature.

Central Metaphor for the entire poem is the central symbol of sky which can be blue, dark and different for different persons. But ‘There is another sky/Ever serene and fair,’’-for all and that is the sky of paradise which is blissful. Here the poet means the sky and the places around a person’s own home which will always appear comfortable.

It is possible to resort to one’s own home in the moments of weakness, frustrations and confusions. Emily’s call into this ideal world of home makes us believe that such a world really exists. That makes the poem appear so special to the readers.

The message that the poet tried to convey was that one might change home or hometown, but the place called ‘home’ would never change and that was her purpose of using the expression ‘evergreen’ to convince the readers about eternal existence of one’s own comfortable home. Thus, Emily’s undying love for her brother, Austin who was troubled by some problems, came out through her showcasing all the brightness around the place she was recommending where her brother could life under a light that never faded.

The short poem, ‘There is Another Sky’ in just two stanza, has makes us understand the importance of home where are loved ones will be the bright sunlight in every situation of our life. Emily’s way of giving solace to her brother impress me the most, as, I believe, compression and warmth can always help a troubled person by giving strength. Emily’s brother Austin also has admitted that his sister’s words has been very supportive for him by allowing him to enter into her garden of happiness and joy.

Question (ii)
Writs a summary of the poem with the help of the points given below:

• Title
• Introductory paragraph (about the poem/ type/nature/tone)
• Main body (central idea/gist of the poem)
• Conclusion/ opinions/views/appeal.

Answer:
Refer synopsis

Question (iii)
Let’s compose a poem. Two lines are given. Add two of your own. There is another sky,
Ever serene and fair.
Answer:
There is another sky,
Ever serene and fair.
There is no darkness anywhere,
As colourful butterflies dance on flowers everywhere.

Question (iv)
Given below is a poem ‘Blue Sky’ by Mark Hastings. Imagine a poem of a similar kind by replacing the word blue. You can add any colour or object of your choice and write a poem of four lines. For example replace ‘blue’ with
1. Starry sky above me
2. Cloudy sky above me
Answer:
Bright sky above me,
Fills me with happiness and glee,
Seeing the starry sky above me,
No darkness as far as I can see.

(A7)

Question 1.
Write a letter to your younger sibling making her aware of various manmade and natural disasters and encourage her to join all the programmes, campaigns, drives etc. in school or in your locality.
Answer:
ABC Apartments,
Flat No. 4/2/1,
Ghatkopar (East),
Mumbai.
30th July, 2019.

Dear Richa,

How are you? I am writing to you after a long time. I read an article on the flood in Assam and thought of talking to you about such disasters which are natural as well as partially man-made.

Natural disasters like flood, earthquake, etc., happen quite often these days. Televisions and newspapers are flooded with such kind of reports. Sometimes, we really do not have anything to do to control natural disasters and we are puppets in the hands of nature. I still shudder to think of all those frightful pictures of the killer flood of Kerala.

But it is not uncommon that man-made disasters create havoc. In Mumbai, we quite often hear of buildings collapsing, killing so many people. These are dilapidated buildings which have got the warnings from the authority. People ignore those cautions and continue to stay in such buildings. There is no point in repenting later.

Keeping gas cylinders open is a very common example of fire due to human negligence. Who can forget about Mumbai deluge in 2005? We might be very small at that time, but we have heard stories about the disaster and the man-made cause of it. Mithi river got choked because of irresponsible throwing of non-biodegradable plastics? Have we really learnt from our mistakes?

I want to advise you to join the NSS or NCC unit of your college and participate in all their activities to create awareness among people, educate them to handle natural as well as man-made disasters. The authorities will do their job. But, we, as responsible citizens need to contribute our services in our own way. Basic humanity comes above everything and I am sure, you will take part actively in the campaigns and drives oganized by your college. At the same time, please don’t neglect your studies. You have to learn to balance your social work with your studies.

We are all fine here. Do write to me.
Yours lovingly,
Shanta

(A8)

Question 1.
The poem describes the beauty of Nature. Make a list of careers that are related to Nature, environment and forest
Answer:

1. Forest Department – (Forest officer, Ranger etc.)
2. Geologist
3. Wild-life Photographer
4. Environmental Lawyer
5. nvironmental Engineer
6. Botanist
7. Zoologist

(A9)

Project:

Question 1.
‘The Road Not Taken’ (Robert Frost) and ‘O Captain My Captain’ (Walt Whitman) are inspirational poems. Search these poems on the internet and write down your opinion about the poems in your notebook.

Yuvakbharati English 11th Digest Chapter 2.3 There is Another Sky Additional Important Questions and Answers

Question 1.
The poet is addressing the poem to –
Answer:
The poet is addressing the poem to her brother, Austin who has been going through a state of confusion and depression in life at a place away from home. The poet is trying to encourage him by pointing on the existence of another evergreen and always filled with sunshine universe.

Question 2.
The poet says ‘another sky’. Guess the meaning.
Answer:
‘Another sky’ is a metaphorical reference to ‘another place’ where a sky with brighter colour is waiting for her brother to provide him joy and hope. The image of ‘another sky’ is the image of an ideal world, the paradise, which, apparently has been a great support for her depressed brother.

Question 3.
The poet depicts a different ‘garden’. Discuss.
Answer:
The ‘brighter garden’ that the poet depicted was a place where the flowers were always blooming, the playful bees were humming in happiness. The use of comparative degree (brighter) showed the purpose of the poet to present a world that was in total contrast to the gloomy and dark place where her brother was suffering alone. She assured her brother, through this poem, that the ‘brighter garden’ did not have any withered lower, silent fields or frost that represented sadness and pain.

Comprehension:

Global Understanding:

Question 1.
Complete the table by matching human feelings with the things of Nature.
Answer:

Interference / Interpretative / Analysis:

Question 1.
How did the poet compare and contrast ‘there’ and ‘here’? Why did he do so?
Answer:
The poet wanted her brother to understand the existence of a better place than ‘there’ where he was suffering. She requested him to come ‘here’ where he could have a brighter life. The combination of ‘there’ and ‘here’ is expressed by the poet deliberately to create an assurance in the mind of her troubled brother, of the existence of a heavenly place which might be their home. The poem is an invitation for the brother to come from ‘there’ to ‘here’ to have a peaceful life.

Personal Response:

Question 1.
Do you support the poet’s way of handling the situation? Justify your answer.
Answer:
Yes, I feel, the poet’s assurance of the existence of a better place, will definitely support her brother a lot. A person who is suffering, words of hope are always inspiring and can do wonders. The poet, a loving sister, shows very cleverly the alternative to her brother who has the option to go to a brighter place, that is their home. This types of encouragements can definitely make a person stronger to take a decision.

Poetic devices:

Question 1.
Find out an example of Hyperbole from the poem and explain it.
Answer:
‘In its unfading flowers’ – The poet makes use of an exaggerated statement. Flowers do fade with time.

Creativity:

Question 1.
Compose a poem in appreciation of your ‘home’ using the words,, paradise, warmth, comfort, alone.
Use a rhyme – scheme.
Answer:
My home is the best place, my paradise.
It always welcomes me with warmth and affection.
In my sad moments, my home is my comfort zone,
I don’t feel lonely, never feel alone.

Glossary:

1. hum – make a low; steady continuous sound;
2. prithee – (no longer in everyday use, archaic word)
3. please (used to convey a polite request),
4. serene – peaceful, calm,
5. Austin – Emily’s younger brother,
6. frost – When temperature is below 0°C a thin layer of ice forms on the ground and other surfaces,
7. unfading – bright; colourful.

Balbharti Maharashtra State Board Class 12 Secretarial Practice Solutions Chapter 7 Correspondence with Debentureholders Textbook Exercise Questions and Answers.

Maharashtra State Board Class 12 Secretarial Practice Solutions Chapter 7 Correspondence with Debentureholders

1A. Select the correct answer from the options given below and rewrite the statements.

Question 1.
Debenture Capital is a ______________ capital of a company.
(a) borrowed
(b) owned
(c) permanent
Answer:
(a) borrowed

Question 2.
Debenture holders are ______________ of the company.
(a) Owner
(b) Creditors
(c) Debtors
Answer:
(b) Creditors

Question 3.
Borrowed capital is provided to the company by ______________
(a) Equity shareholder
(b) Debenture holders
(c) Reference Shareholders
Answer:
(b) Debenture holders

Question 4.
Interest on Registered Debentures is given through ______________
(a) Interest Coupons
(b) Interest Warrant
(c) Refund order
Answer:
(b) Interest Warrant

Question 5.
______________ are the creditors of the company.
(a) Shareholders
(b) Debenture holders
(c) Directors
Answer:
(b) Debenture holders

Question 6
Bearer Debenture holders get interest though ______________
(a) Interest Warrants
(b) Refund Orders
(c) Interest Coupons
Answer:
(c) Interest Coupons

Question 7.
Return of income on debentures is ______________ at fixed rate.
(a) Dividend
(b) Loan
(c) Interest
Answer:
(c) Interest

Question 8.
______________ is an acknowledgement of debt issued by the company under common seal.
(a) Debentures
(b) Shares
(c) Reserve
Answer:
(a) Debentures

Question 9.
Debentures repayable after a certain period are ______________ debentures.
(a) Convertible
(b) Registered
(c) Redeemable
Answer:
(c) Redeemable

Question 10.
The rate of interest payable on Debentures is ______________
(a) uncertain
(b) Floating
(c) Fixed
Answer:
(c) Fixed

Question 11.
Debenture holders receive ______________ Certificate from the company.
(a) Share
(b) Bond
(c) Debenture
Answer:
(c) Debenture

Question 12.
Interest Warrants are sent to ______________ of the company.
(a) Shareholders
(b) Debenture holders
(c) Owners
Answer:
(b) Debenture holders

1B. Match the pairs.

Question 1.

Answer:

1C. Write a word or a term or a phrase that can substitute each of the following statements.

Question 1.
Return on investment in debentures.
Answer:
Interest

Question 2.
Documentary evidence of holding the debentures.
Answer:
Debenture Certificate

Question 3.
Status of Debenture holders.
Answer:
Creditor

Question 4.
Debentures can be converted into equity shares.
Answer:
Convertible Debentures

Question 5.
The person who purchases debentures of the company.
Answer:
Debenture holders

Question 6.
An acknowledgment of debt issued by the company under its common seal.
Answer:
Debenture

Question 7.
Debentures whose name is mentioned in the Register of Debentures holders.
Answer:
Registered Debentures

1D. State whether the following statements are true or false.

Question 1.
Debenture holders get regular dividends.
Answer:
False

Question 2.
The debenture is the loan capital of the company.
Answer:
True

Question 3.
Convertible Debentures can be converted into equity shares.
Answer:
True

Question 4.
Interest on Debentures is paid notwithstanding the volume of profit.
Answer:
True

Question 5.
Debenture holders enjoy full membership rights of the company.
Answer:
False

Question 6.
Dividend warrants are used to pay interest to the debenture holders.
Answer:
False

Question 7.
All types of debentures are eligible for conversion into equity shares.
Answer:
False

Question 8.
Debentures are never redeemed by the company.
Answer:
False

Question 9.
Debenture holders are the owners of the company.
Answer:
False

Question 10.
Debentures are always fully paid up.
Answer:
True

1E. Find the odd one.

Question 1.
Depository Interest, Dividend.
Answer:
Depository

Question 2.
Interest Warrant, Dividend Warrant, Demat.
Answer:
Demat

Question 3.
Debenture holders, Shareholders, Dematerialisation.
Answer:
Dematerialization

Question 4.
Debenture holders, Shareholders, SEBI.
Answer:
SEBI

1F. Complete the Sentences.

Question 1.
Debenture holder is a ______________ of a company.
Answer:
Creditor

Question 2.
Company issues ______________ certificate to the Debenture holder after allotment of Debentures.
Answer:
Debenture

Question 3.
Debenture holder gets ______________ at fixed rate as a return or income.
Answer:
Interest

Question 4.
In case of Registered Debentures, Interest ______________ are used to pay interest.
Answer:
Warrants

Question 5.
The ______________ has to correspond with Debenture holders on important occasions.
Answer:
Secretary

Question 6.
The person who purchases the Debentures of a company is called ______________
Answer:
Debenture holder

Question 7.
Interest does not depend upon ______________ of the company.
Answer:
Profit

Question 8.
Company cannot issue Debentures with ______________ rights.
Answer:
Voting

Question 9.
Debenture Certificate should be issued within a period of ______________ months, from the date of allotment of Debentures.
Answer:
6

Question 10.
A company cannot issue Debentures to more than 500 people without appointing a ______________
Answer:
Debenture trustee

Question 11.
The power to issue Debentures has been vested with the ______________
Answer:
Board of Directors

1G. Select the correct option from the bracket.

Question 1.

(Debt capital, Board of Directors, Creditors, Issued within 6 months, Interest)
Answer:

1H. Answer in one sentence.

Question 1.
Who is the Debenture holder?
Answer:
The person who purchases Debentures of the company is known as a Debenture holder.

Question 2.
What is the income of Debentures holder?
Answer:
The income received by the Debenture holder is the fixed rate of interest.

Question 3.
What is Debenture?
Answer:
A debenture is an acknowledgment of debt received by the company.

Question 4.
What are Convertible Debentures?
Answer:
Convertible Debentures are the Debentures that are converted into equity shares.

Question 5.
Who takes the decision to allot the debentures?
Answer:
The Board of Directors takes the decision to allot the Debentures.

Question 6.
Which form is enclosed along with the letter of redemption of debentures?
Answer:
The debenture Redemption form is enclosed along with the letter of redemption of Debentures.

Question 7.
Which certificate will be issued after the Allotment of debenture?
Answer:
A debenture Certificate will be issued after the allotment of the debenture.

1I. Correct the underlined words and rewrite the following sentence.

Question 1.
The person who purchases debentures of the company is called Shareholders.
Answer:
The person who purchases Debentures of the company is called a Debenture holder.

Question 2.
Debenture holders get regular dividends at a fixed rate.
Answer:
Debenture holders get regular interest at a fixed rate.

Question 3.
A Share Certificate must be issued after the allotment of debentures.
Answer:
A Debenture Certificate must be issued after allotment of debentures.

Question 4.
A Debenture Redemption Reserve Fund is created by the company for the redemption of shares.
Answer:
A Debenture Redemption Reserve Fund is created by the company for the redemption of debentures.

Question 5.
A Demat Request Form is sent along with the letter of redemption of debentures.
Answer:
A Debenture Redemption Form is sent along with the Letter of Redemption of Debentures.

Question 6.
A company must issue a Debenture Certificate within 8 months of allotment of debentures.
Answer:
A company must issue a Debentures certificate within 6 months of allotment of debentures.

1J. Arrange in proper order.

Question 1.
(a) Board Resolution
(b) Allotment of Debentures
(c) Board Meeting.
Answer:
(a) Board Meeting
(b) Board Resolution
(c) Allotment of Debentures

Question 2.
(a) Interest Warrant
(b) Allotment of debentures
(c) Board meeting.
Answer:
(a) Board Meeting
(b) Allotment of Debentures
(c) Interest Warrant

2. Explain the following terms/concepts.

Question 1.
Debentures
Answer:

• Debentures represent the borrowed capital of the company.
• A debenture is an acknowledgment of debt given to the company.
• Debenture Capital is also known as the ‘Supporting Capital’ of the company.

Question 2.
Debenture holder
Answer:

• The person who buys Debentures of the company is known as ‘Debenture holders’.
• The debenture holder is the creditor of the company and has no right to participate in the management of the company.
• They get a fixed rate of interest as a return on their investment.

Question 3.
Interest on Debentures
Answer:

• The returns paid on investment in Debentures are known as ‘Interest’.
• The Rate of interest on Debentures is decided at the time of issue of Debentures.
• Debenture holders get a fixed rate of interest which does not depend upon the profit of the company.

Question 4.
Redemption of Debentures
Answer:

• Redemption means repayment.
• Debenture represents borrowed capital of the company and hence, it has to be repaid.
• Redeemable Debentures are repaid at the time of maturity. It is medium-term capital.

Question 5.
Conversion of Debentures
Answer:

• Conversion of Debentures means converting Debentures into equity shares.
• Convertible Debentures are those Debentures that are not repaid on maturity but converted into equity shares.
• Before conversion, they enjoy all rights of creditors whereas after conversion they get all benefits of the owner.

Question 6.
Interest Warrant
Answer:

• An interest Warrant is an instrument or payment of interest to the Debenture holders.
• It is like a crossed cheque that can be encashed through the Debenture holder’s bank account.

Question 7.
Conciseness
Answer:

• Conciseness refers to avoiding irrelevant and unnecessary information.
• As far as possible the letter should be brief, short, and to the point so that, the reader should develop an interest in reading it.

Question 8.
Precise Information
Answer:

• Precise information refers to providing timely and up-to-date information.
• The data given in the letter must be accurate and based on factual information.

Question 9.
Courtesy
Answer:

• Courtesy means politeness.
• The secretary has to be polite while corresponding with debenture holders. Due respect should be given to them being the Creditors of the company.
• The language in the letter should be courteous. Rude and harsh words should be avoided.

Question 10.
Debenture Certificate
Answer:

• A debenture Certificate is an acknowledgment of debt given to the company.
• It is issued under the common seal and signature of two directors of the company as a witness.
• It contains the name of the Debenture holder, number of Debentures, type of Debenture, rate of interest, maturity, etc.

3. Answer in brief.

Question 1.
Which are the precautions to be taken by the Secretary while corresponding with debenture holders?
Answer:
The following precautions are to be kept in mind by the secretary while corresponding with the debentures.
(i) Transparency:
Transparency means disclosing the correct and accurate information of the company. Including the credit rating of the company, true and real facts of companies’ affairs, etc. in correspondence.

(ii) Quick Response:
Secretary should promptly respond to the queries and complaints of debenture holders without any delay.

(iii) Courtesy:

• As debenture holders are the creditors of the company, proper respect should be given to them in correspondence.
• The wordings in the letter should be courteous. Rude and harsh words should be strictly avoided.

(iv) Conciseness:
Letters to the debenture holders should be brief and to the point avoiding unnecessary information.

(v) Accuracy:
The secretary should provide precise and up-to-date information to debenture holders. The information must be true and correct.

(vi) Confidentiality:
As a confidential officer of the company, the secretary must take due care and should not disclose any secret information about the company while writing letters.

(vii) Reputation of the company:
While corresponding with debenture holders, the secretary should try to maintain goodwill and create a good image of the company in the mind of debentures.

(viii) Legal Provisions:
The secretary should follow the statutory provisions of the Companies Act, 2013 and other related laws while corresponding with debenture holders. Secretary must be very careful in corresponding as it can cause legal consequences.

Question 2.
What are the circumstances under which correspondence can be made with debenture holders?
Answer:
Debenture holders are the creditors of the company. They have the right to know about the decisions taken by the management of the company and other information. The secretary corresponds with the debenture holders under various circumstances. The following are the few circumstances under which the secretary enters into correspondence with the debenture holders:

• Informing the applicant about the allotment of debentures.
• Informing about payment of interest through:
  • Interest Warrant
  • Electronic Mode
• Letter for the conversion of debentures into equity shares.
• Informing the debenture holders about the redemption of their debentures.

4. Justify the following statements.

Question 1.
The company secretary should take certain precautions while corresponding with debenture holders.
Answer:

• Secretary has to be more careful while drafting the letters. The languages used in the letter should be courteous, i.e. showing due respect to the shareholders.
• A prompt reply should be given to the queries raised by the debenture holder.
• The letter should be short and precise containing important information. The data provided in the letter should be up to date.
• It is also necessary for the secretary to keep in mind the goodwill of the company. Simultaneously, it is also necessary to be aware that the company follows all the legal provisions of the Companies Act, 2013.
• Thus, it is rightly justified that, the company secretary should take certain precautions while corresponding with debenture holders.

Question 2.
There are certain circumstances when a secretary has to correspond with debenture holders.
Answer:

• (i) Debenture holders are the creditors of the company and are entitled to receive the interest.
• (ii) Secretary being the link between the company and debenture holders has to draft various letters:
  • Allotment letter has to be sent to Debenture holders when the Debentures are allotted.
  • Letter for payment of interest has to be written to Debenture holders to inform them.
  • Payment can be done either through an interest warrant or ECS/ NEFT.
  • Letter informing the Debenture holders about conversion of debentures into equity shares.
  • Letter informing the Debenture holders about the redemption (repayment) of Debentures.
  • Thus, it is rightly justified that, there are different circumstances when a secretary has to correspond with Debenture holders.

5. Attempt the following.

Question 1.
Draft a ‘Letter of Allotment’ to debenture holders.
Answer:

RADHIKA INDUSTRIES LIMITED
50/A, Bandra-Kurla Complex, Bandra (East), Mumbai: 400 051
CIN: L46001 MH 2002 PLC 503433

Website: www.radhikalimited.com
Email: [email protected]
Date: 14th May 2019

Tel. No.: 022-24761524
Fax No.: 022-24881242
Ref. No.: D/DH/2018-19

Mr. Amit Desai,
C/23, LIC colony,
L.J Road, Mahim,
Mumbai – 400 096

Sub.: Public issue of 10,00,000 @ 12.5% non-convertible debentures of ₹ 100 each at par.

Dear Sir,
In response to your application AD- 1884 dated 19th April 2019, I am directed by the Board of Directors to inform you that, you have been allotted 100,12.5% non-convertible debentures of ₹ 100 each. The period of debentures is for 7 years.

These debentures are allotted to you as per the resolution passed at the Board Meeting held on 8th May 2019 and as per the terms and conditions of Debenture Trust Deed and Articles of Association of the company.

Details of allotment are as follows:

The debenture Certificate will be sent to you within the stipulated period.
Thanking you,

Yours faithfully,
For, Radhika Industries Limited.

Sign
Company Secretary

Question 2.
Write a letter to debenture holders regarding payment of interest through an Interest Warrant.
Answer:

RADHIKA INDUSTRIES LIMITED
50/A, Bandra-Kurla Complex, Bandra (East), Mumbai: 400 051
CIN: L46001 MH 2002 PLC 503433

Website: www.radhikalimited.com
Email: [email protected]
Date: 10th Jan 2019

Tel. No.: 022-24761524
Fax No.: 022-24881242
Ref. No.: D/DH/2018-19

Mrs. Bharati Nikumbh,
A/22, BPT colony,
N.K Road, Mahim,
Mumbai – 400 096

Sub.: Payment of interest on debentures.

Dear Madam,
As per the board resolution passed in the Board Meeting held on 20th Jan 2019, this is to inform you that, the payment on your 10% non-convertible debentures of ₹ 100 each is due.

The details of the amount of interest payable to you are as follows:

The interest warrant is enclosed herewith. Please acknowledge the receipt.
Thanking you,

Yours faithfully,
For, Radhika Industries Limited.

Sign
Company Secretary

Encl: Interest Warrant No. IW-1242.

Question 3.
Draft a letter to the debenture holder informing him about the redemption of debentures.
Answer:

SWARG MARBLE LIMITED
40/B, C-Ramchandra Road, Khar (East), Mumbai: 400 053
CIN: L24308 MH2006 PLC211388

Website: www.swarglimited.com
Email: [email protected]
Date: 16th March 2019

Tel. No.: 022-4133242
Fax No.: 022-4215212
Ref. No.: R/DH/14/18-19

Mr. Amit Berde
A/21, Swastik Colony,
Bhadkamkar Marg,
Fort, Mumbai 400 020

Sub: Redemption of debentures.

Dear Sir,
In accordance with the terms decided at the time of issue of 1,00,000, 10% Non-convertible debentures, this is to inform you that, the said debentures are due for redemption on 30th April 2019.

According to Board Resolution No. 4432 passed at the Board meeting held on 15th March 2019, said debentures shall be redeemed out of the Debentures Redemption Reserve of the company.

Please arrange to submit a duly filled up Debentures Redemption Form along with a duly discharged debenture certificate at the Registered Office of the company on or before 7th April 2019.

On completion of the above formalities, the redemption amount will be credited to your bank account. You are requested to provide us your bank account details.
Thanking you,

Yours faithfully,
For, Swarg Marble Limited.

Sign
Company Secretary

Encl: Debenture Redemption Form.

Question 4.
Draft a letter to debenture holder informing him about conversion of debentures into equity shares.
Answer:

SUNRISE INDUSTRIES LIMITED
50/A, Swami Narayan Road, Tunga Village, Mumbai: 400 072
CIN: L42105 MR 2005 PLC: 402512

Tel. No.: 022-23731242
Fax No.: 022-23738656
Ref. No.: D/DH/2018-19

Email: [email protected]
Website: www.sunriselimited.com
Date: 2nd May 2019

Mr. Uddhav Ansurkar
20, Hilton Complex,
Laxmi Road,
Solapur- 413018

Sub: Conversion of Debentures into Equity shares.

Dear Sir,
In accordance with the terms decided at the time of issue of 1,00,000, 10% fully Convertible debentures, this is to inform you that, the said debentures are due for conversion.

Accordingly, a special resolution was passed at the Extra Ordinary General Meeting held on 20th April 2019 for approval of the conversion of debentures into equity shares in the ratio of 5: 1. As per your letter of option, you have been allotted 10 equity shares in lieu of your 50 debentures.

Details of your holding after conversion are as follows:

A duly signed and executed shares Certificate is enclosed.
Debenture Certificate will be null and void w.e.f. 30th April 2019.
Thanking you,

Yours faithfully
For, Sunrise Industries Limited.

Sign
Company Secretary

Encl: Share Certificate No. 1210

Question 5.
Write a letter to debenture holders regarding payment of interest electronically.
Answer:

RADHIKA INDUSTRIES LIMITED
50/A, Bandra-Kurla Complex, Bandra (East), Mumbai: 400 051
CIN: L46001 MH 2002 PLC 503433.

Tel. No.: 022-24761524
Fax No.: 022-24881242
Ref. No.: D/DH/2018-19

Email: [email protected]
Website: www.radhikalimited.com
Date: 10th March 2019

Mrs. Shweta Gawde.
B/20 Mahindra Tower,
Tardeo Road, Mumbai Central,
Mumbai – 400 034

Sub.: Payment of interest on debenture through ECS or NEFT.

Dear Madam,
As per the Board resolution passed in the Board Meeting held on 8th March 2019, this is to inform you that, the board is finalizing to pay interest @10% on Redeemable Debentures of ₹ 100 each for the year ending 31st March 2019.

We have complied with all the provisions relating to the payment of interest on debentures.

Details of your interest payment are as follows:

Interest will be paid through ECS or NEFT transfer by crediting your bank account as per details provided by you to the company.
Thanking you,

Yours faithfully,
For, Radhika Industries Limited.

Sign
Company Secretary