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प्रश्न
Attempt the following:
Write a reply to a complaint by an investor
उत्तर
VIKRAM COMPANY LIMITED
Registered Office: 49, Vikas house, Vivekananda Road,
Churchgate, Mumbai - 400 020.
CIN : L42874MH2021PLC666398
Tel. No. (022) 2213 4769
Fax No. (022) 2213 5698
Website: www.vikramcoltd.com
E-mail: [email protected]
Date: 15th July, 2019
Ref. No. VC/69/19-20
Mr. Vaibhav Joshi,
15, Prerna Mahal, lala lajpat rai Road,
Ahmadabad 380 009.
[By Registered Post A.D.]
Sub: Non-receipt of Dividend for 2018-19
Dear Sir,
I am in receipt of your complaint letter dated 10th July 2019 regarding non-receipt of dividend for the year 2018-19. In this regard. I am directed by the Board to inform you that your Board of Directors has carefully considered the financial position and profits of the company before taking a decision on the payment of dividends.
The Board of Directors is of the view that the non-payment of dividends this year will help strengthen the financial position of your company. Such a non-payment of dividend will provide additional nuance for the expansion and development programme which your company has in its immediate view. The alternative to this step was heavy borrowings from the banks and other (financial institutions at a higher rate of interest. The consequent heavy burden of interest would have decreased the probability of your company. The Board's decision of non-payment of dividends will prove to be a boon to the Company as also to its members.
I hope you will appreciate the long term beneficial view taken by the Board in this regard.
Your faithfully,
For Vikas company limited
Sd./
Company secretary
C.C to: SEBI
APPEARS IN
संबंधित प्रश्न
The company has to obtain consent of ............................ if issue of debentures exceeds Rs. 1 crore.
- SEBI
- Registrar
- National Stock Exchange
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As expected, the share prices went up by 40% and the market price of Nimesh’s shares was now Rs 8.4 crores. He had earned a profit of Rs 2.4 crores. He gave Rs 1.2 crore to Mr. Aditya Gupta and kept Rs 1.2 crore with him. On regular inspection and by conducting enquiries of the brokers involved, Securities and Exchange Board of India (SEBI) was able to detect this irregularity. SEBI imposed a heavy penalty on Aditya Gupta. By quoting the lines from the above para identify and state any two functions that were performed by SEBI in the above case.
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a. Which market is being reflected in the above case?
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Depository Participant
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| Group ‘A’ | Group ‘B’ |
| Regulator of Securities Market | ______________ |
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Which of the following is/are the 'Developmental Functions' of Securities and Exchange Board of India?
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Read the following text and answer the following question on the basis of the same:
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In the above case Mr. Ghosh suggested to raised more funds from debt. Higher debt-equity ratio results in:
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Which of the following statements is incorrect?
Which of the following is not a function of Securities and Exchange Board of India (SEBI)?
STATEMENT I: Electronic holdings can be converted into physical certificates with the process of dematerialisation.
STATEMENT II: There is no danger of theft, loss or forgery of share certificates in dematerialisation.
Choose the correct option from the following:
SEBI regulates the securities market in India.
