CS Executive Company Law PYQ December 2018: Question Paper and Available Answers
CS Executive
Company Law
PYQS Series
December 2018
33 Questions Indexed
ICSI Examination Archive & Suggested Answers: This directory contains indexed questions from the paper for CS Executive Company Law PYQS (December 2018). Open the source paper and available answers. Older sessions follow the syllabus and statutory provisions applicable to their examination year.
Indexed questions
- Raman Pvt. Ltd. has only two shareholders, X and Y. All shares were fully paid-up. X sold all his shares to Y and the company carries on its business activities thereafter.
- Every company is required to disclose the details of vigil mechanism in the Board Report.
- A public company may issue secured irredeemable debentures.
- Chief Financial Officer is responsible to maintain books of account of the company.
- Any expenditure incurred for the benefit of the society will be considered as expenditure in pursuance of corporate social responsibility policy. Comment with reference to the prov
- Minutes of the meetings of the company shall be preserved for a period of not less than eight years. Comment with reference to the provisions of the Companies Act, 2013.
- If a company has appointed a Company Secretary then his signature is mandatory on the share certificate issued by the company. Analyse with reference to the provisions of the Compa
- The concept of treasury shares in United Kingdom is same as buy-back of shares in India. Examine.
- Filing of financial statements in XBRL mode and by using XBRL taxonomy is mandatory to certain companies. Discuss, referring to the provisions of the Companies Act, 2013.
- On 3rd December, 2018 the Registrar of Companies applied to the Regional Director for seeking sanction to file a winding up application against a company. On next day i.e. on 4th D
- A company declared dividend on 21st November, 2018. It reports on 22nd December, 2018 that it could not pay dividend to 46 members as they are not traceable for last three years. A
- A member of an incorporated company becomes insolvent. He claimed right to vote and receive dividend from the company. Referring to the provisions of the Companies Act, 2013 discus
- In a case pertaining to oppression and mismanagement, the respondents pleaded that the legal heirs of a deceased member whose name is still on the register of members are not entit
- The Board of directors of Wood Ltd. are authorised to borrow money upto ₹ 2 crore. The Board of directors got sanctioned a loan of ₹ 30 lakh from a Bank for payment of debt liabili
- Ram is a practising Chartered Accountant and partner of two audit firms namely PYMG and YE. In the immediately preceding financial year, PYMG has completed its two terms of five co
- Premium Ltd. is considering buy-back of its shares without using any proceeds of shares or other specified securities. The balance sheet of Premium Ltd. shows the following status
- The Board of directors of XYZ Ltd. wants to delegate all or any of their powers to any of the directors of the company or any person even not in the employment of the company for t
- Anil, a shareholder holding 9% equity shares of the company, who is not holding any directorship wants to stand for directorship in Pritam Ltd. in its next annual general meeting.
- Articles of Reality Ltd. provides that directors participating through audio-visual means in its Board meetings shall always be counted for quorum. Examine the validity of this pro
- Logical Solutions Ltd., a listed company, is having a Corporate Social Responsibility (CSR) committee constituted with the following members: Rohan - Whole-time director & Chairman
- Draft an appropriate resolution to authorise the Board to borrow for company's business upto a limit beyond paid-up share capital and free reserves. Assume facts and figures.
- Kirti Ltd. has total paid-up share capital of ₹23 crore and its annual general meeting is scheduled on 27th December, 2018. Ritik is holding paid-up share capital having nominal va
- In Pallavi Chemicals Ltd. resolution for issue of bonus shares in the general meeting was put to remote e-voting and requisite majority has approved but quorum is not present at th
- Assume yourself as Company Secretary in practice and secretarial auditor of Rama Ltd. which is having its annual general meeting scheduled on 17th August, 2018 at its registered of
- A Board meeting of a listed public company was called at shorter notice to transact an urgent business. None of the Independent directors could attend the meeting. Examine the vali
- Fashion Ltd. holds a general meeting for passing a special resolution regarding appointment of Shyamal aged 72 years as Managing Director of the company. Out of the 50 members pres
- In a general meeting, a motion was put for removal of small shareholders' director. A small shareholder contended that only small shareholders are entitled to vote on this motion a
- On 4th September, 2018 Varun was appointed as Managing Director of Astha Ltd. by the Board of directors subject to the approval of the members at the next general meeting. On 10th
- SRM Ltd. has paid ₹15 lakh as an insurance premium on behalf of its Company Secretary and Managing Director for indemnifying any of them against any liability in respect of any neg
- Director, Ravi, was appointed on 1st July, 2018. On 2nd July, 2018 he wrote to Managing Director of the company to inspect the minutes of the board meeting held on 1st August, 2017
- On 5th January, 2018 in a general meeting a motion for removal of a director was put to vote. The Chairman declared the motion passed as ordinary resolution by show of hands. In th
- Shalini, practising Company Secretary, has disclosed information acquired in the course of her professional engagement to a person other than the client, without the consent of suc
- Rakesh, practising Company Secretary, has accepted the position of Secretarial Auditor previously held by another Company Secretary in practice by communicating through SMS. He als
- Ajay, Sanjay & Vijay LLP was formed in 2012. It was observed that the LLP filed Statement of account & Solvency for year ended 31st March, 2013, 31st March 2014, 31st March, 2015 a
- Banking and insurance companies are exempted from certain financial disclosures under the Companies Act, 2013.
- Aarav Ltd. (a listed company) is having an audit committee consisting of six directors and the Board of Directors of the Company consists of eight directors of which three are inde
- X is a shareholder of Company A. At the AGM held on 27th Sep. 2018, Company A declared a Dividend of ₹20 per equity share. X wrote to the company saying that he does not want to ta
- Distinguish between Cyber security Vs. Secured system under Companies (Management & Administration) Rules, 2014.
- Distinguish between Deemed prospectus Vs. Shelf prospectus.
- Distinguish between Unpaid Dividend Account Vs. Consequences of Non-Transfer of Dividend to unpaid dividend account.
- Distinguish between Appointment of Small Shareholders' Director Vs. Appointment of Independent Director.
- MAA Engineering Works Pvt. Ltd. advanced an amount of ₹25 lakh to GP Construction Solutions, a firm in which the Managing Director of MAA Engg. Pvt. Ltd. is a partner in the firm.
- A company registered under section 8 of the Act as "ABC Sports Club" wants to do the following - Advise the company on the course of action. (a) ABC Sports Club decided to alter it
- Arnav is the Senior Manager (Purchase) of Future Products Ltd. The company is not listed in any stock exchange. It took ₹7 lakh from Arnav under an employment contract @ 4% interes
- Swaroop wants to depute his friend Suraj to act as a Proxy in companies he holds shares. Advise him on the following: (a) He wants his friend Suraj to speak and vote on his behalf.
- A trade union of auto drivers applied for shares in the fresh issue of a company. The company rejected the application, however, the Company was ready to allot shares in the Joint
- XY Ltd. is a (Unlisted) wholly owned subsidiary of ABC Ltd. (Listed). XY Ltd. annual turnover was ₹120 crore as per the last audited balance sheet. The auditor of XY Ltd. is of the
- Fireworks Limited had its AGM on 10th August 2018. After completion of all ordinary business as stated in the AGM notice, there was a commotion and disorder at the meeting subseque
- Star Ltd. is an Indian company having registered office at Chennai. It has a foreign subsidiary incorporated in Brazil. The accountant of the foreign subsidiary has informed the se
- Kamadenu Sugars Ltd. decided to issue Sweat equity shares to its employees for which it has passed the required special resolution and completed other formalities on it. Decide the
- Mr. Y formed a One Person Company (OPC). For the year ending 31st March, 2018, it had clocked an average annual turnover of ₹2 crores and its paid up capital was raised from ₹5 lak
- The Board of Directors of Tiny Ltd. passed a resolution in its 70th meeting to issue bonus shares. Can Surajit, a director, certify a copy of the resolution when he did not attend
- Metal Industries Ltd. passed a special resolution in the last general meeting to empower the Board of Directors to grant of loan to Subash Finance Ltd. in excess of the 60% of paid
- Following is the balance sheet of Fun Ltd. as on 31st March, 2018: Liabilities (₹) Equity shares of ₹10 each fully paid 12,50,000 Revenue reserve 15,00,000 Securities premium 2,50,
- Ganesh and his wife Seema are the shareholders of the XY Company Ltd. holding jointly 3% of equity shares. Ganesh is working in the company as executive vice-president of Operation
- Mr. X who is a citizen of Pakistan, is a shareholder of an Indian company. The company held its last AGM on 15 September, 2018. There was a war between India and Pakistan between 1
- After a raid conducted by the Chief Commissioner of Income Tax on Mr. Reddy, income tax liability was raised against him to a tune of ₹5 crores. Mr. Reddy immediately handed over s
- SAM & Co. are the auditors of MAS Company Limited appointed at the AGM held in 15 September, 2017 for a period of 5 years. However, due to difference of opinion, SAM & Co. decided
- Sunny Ltd. is a listed company closed its register of members (Equity) and the register of debenture holders for a period from 1st July to 31st July at one stretch during the finan
- The issued, subscribed and paid up capital of Trustwell HR Solutions Ltd. is ₹5 lakh consisting of 45,000 equity shares of ₹10 each fully paid up and 5,000 preference shares of ₹10
- SAM is a Director of a Producer Company. The said Producer Company did not file Annual Accounts and Annual Return for the FY 2013-14, 2014-15 and 2016-17. Comment whether the said
- Net India Ltd. has been under investigation by the Central Bureau of Investigation (CBI) in the public interest. However the investigation was assigned by central government to Ser
- Zinc Ltd. has acquired an immovable property in London and created a Charge in favour of a Bank in UNITED KINGDOM for having availed a loan against the said property under the Comp
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