SECRETARIAL PRACTICE TRUE OR FALSE


1.        Share Capital is borrowed capital. (False)
2.        Stock cannot be split up into the different parts. (False)
3.        Equity shareholders get dividend every year without fail. (False)
4.        Preference shareholders receive a fluctuating rate of dividend. (False)
5.        Preference shareholders have normal voting rights in the general body meeting. (False)
6.        A share warrant is issued only in respect of fully paid shares. (True)
7.        Share Warrant is a negotiable instrument. (True)
8.        A share Certificate is a bearer document. (False)
9.        Transmission of shares is a voluntary act. (False)
10.   Surrender of shares is possible in the case of partly paid shares only. (True)

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