NISM SERIES II A – REGISTRARS TO AN ISSUE AND SHARE TRANSFER AGENTS (CORP) EXAM-12

Q1.SEBI may suspend or even cancel the registration granted to an R&T agent in case of non-compliance with the provisions of the regulations but only after holding an inquiry into the facts of the case and issuing a show-cause notice to the R&T agent – State True or False?
  True
  False

 

Q2.When securities are purchased in an Off Market trade and these securities get lost in transit before the transfer of ownership then ___.
filing of an FIR will be sufficient to apply for duplicate shares.
The claimant has to furnish an indemnity bond and surety along with an affidavit notarized by a notary public.
 If the value of the security is above a specified limit, the claimant is also required to advertise the loss of security in the company’s monthly investment paper.
 None of the above

 

Q3.If the share certificates are lost by the shareholder, he/she will have to apply for duplicate certificates within 7 days of loss – State True or False?
  True
  False

 

Q4.Mutual Fund management fees is charged __.
 only on profitable mutual fund schemes
 as a lumpsum amount
 as per the decision of the fund manager
 as a percentage of the Asset Under Management (AUM)

 

Q5.The equity shares have to be compulsorily be listed on a stock exchange when __.
 the company starts its operation
 the company’s shares are issued to the public
 the company becomes profitable
 the company is incorporated

 

Q6.The Beneficial Owner has the __. 1. Right to receive all the benefits of ownership 2. Right to receive some selected benefits of ownership 3. Liabilities related to ownership
 1 and 3
 1 and 2
 2 and 3
 All of the above

 

Q 7. The expenses involved in transacting in securities that are in Demat form are ____.
 Lower when compared to transacting in physical securities
 Higher when compared to transacting in physical securities
 Sometimes higher sometimes lower depending on the stock exchange on which the trade was done.
 Same as transacting in physical securities

 

Q8.The R&T agent can issue duplicate share certificates only after receiving the approval of SEBI – State True or False?
  True
  False

 

Q9.Securities are usually transferred post which of the following?
An off-market deal
 A Stock Market deal
 Both 1 and 2
 None of the above

 

Q10.The objective of a Fixed Price Issue is to identify the price that the market is willing to pay for the shares being issued by the company – State True or False?
  True
  False

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