CS Executive Company Law PYQ December 2019: Question Paper and Available Answers
CS Executive
Company Law
PYQS Series
December 2019
44 Questions Indexed
ICSI Examination Archive & Suggested Answers: This directory contains indexed questions from the paper for CS Executive Company Law PYQS (December 2019). Open the source paper and available answers. Older sessions follow the syllabus and statutory provisions applicable to their examination year.
Indexed questions
- The Companies Act, 2013 does not provide statutory recognition to the doctrine of lifting of corporate veil. Only judicial interpretations disregard the concept of separate persona
- The provisions of the Companies Act, 2013 relating to compromises and arrangements are uniformally applicable to all companies.
- An unregistered charge shall be void against the liquidator and other creditors of the company.
- Certain members of a company are allowed to offer for sale their shareholding in the company to the public, such offer document is deemed to be a prospectus issued by the company.
- While adopting accounts for the year, the Board of directors of Prima Ltd. decided to consider the interim dividend @ 12% as final dividend and did not consider transfer of profit
- What are the 'related party disclosures' required to be made by listed entities as per SEBI Regulations ?
- Green Commercial Ltd., an unlisted company, has made a preferential offer of shares for consideration other than cash. A question has been raised by the accounts department as to t
- What types of companies can be formed in Singapore as per the Singapore Companies Act ?
- What are disqualifications for debenture trustees ?
- Who is a 'Significant Beneficial Owner' under the Companies Act, 2013? Is Significant Beneficial Owner required to file BEN-1 to the reporting company ?
- Can a contributory file a petition for winding up of the company? Discuss.
- IOL, a manufacturing company, issued partly convertible debentures with ₹6 crore few years back. The convertible option is only for 50% of the issue and debentures are redeemable i
- "The Companies Act, 2013 attempts to maintain a balance between the rights of majority and minority shareholders." Discuss.
- Reels India Ltd. is a wholly owned subsidiary of Wheels India Ltd. The auditor of Wheels India Ltd. has intimated the Board of directors that the company will not be required to pr
- The share capital of Raney Ltd. is ₹30 crore. 'Russel' is appointed as the managing director of the company, the company wants to compensate him by issue of shares for supplying te
- The share capital of Raney Ltd. is ₹30 crore. 'Russel' is appointed as the managing director of the company, the company wants to compensate him by issue of shares for supplying te
- The share capital of Raney Ltd. is ₹30 crore. 'Russel' is appointed as the managing director of the company, the company wants to compensate him by issue of shares for supplying te
- The share capital of Raney Ltd. is ₹30 crore. 'Russel' is appointed as the managing director of the company, the company wants to compensate him by issue of shares for supplying te
- The share capital of Raney Ltd. is ₹30 crore. 'Russel' is appointed as the managing director of the company, the company wants to compensate him by issue of shares for supplying te
- Amitabh is a director in PQR Overseas Trading Ltd. The company's name has recently been struck off from the register of companies by the Registrar. He does not hold directorship in
- Ram Singh is a shareholder of Alexandra India Ltd. The Board of directors of the company are of the view that the conduct of Ram Singh has been detrimental to the interest of the c
- Rajesh Gawda is a director of XYZ Pvt. Ltd. having a paid up share capital of ₹11 crore. The company has granted a loan of ₹2 crore to Rajesh Gawda. The company has a borrowing of
- Last Annual General Meeting (AGM) of one of the top 100 listed companies was held on 25th May, 2018 pertaining to the FY 20017-18. The Board of directors of the company is planning
- Moon Oil Exploration Ltd. (MOEL) was incorporated on 1st June 2007 and the company made a considerable amount of profit in the past years: Financial Year Net Profit 2016-17 ₹25 Cro
- Moon Oil Exploration Ltd. (MOEL) was incorporated on 1st June 2007 and the company made a considerable amount of profit in the past years: Financial Year Net Profit 2016-17 ₹25 Cro
- Moon Oil Exploration Ltd. (MOEL) was incorporated on 1st June 2007 and the company made a considerable amount of profit in the past years: Financial Year Net Profit 2016-17 ₹25 Cro
- Moon Oil Exploration Ltd. (MOEL) was incorporated on 1st June 2007 and the company made a considerable amount of profit in the past years: Financial Year Net Profit 2016-17 ₹25 Cro
- Moon Oil Exploration Ltd. (MOEL) was incorporated on 1st June 2007 and the company made a considerable amount of profit in the past years: Financial Year Net Profit 2016-17 ₹25 Cro
- JKJ Ltd. has 10 directors on its Board. A Board meeting was convened on 19-10-2019 in which two of the directors participated in-person and one director through video conferencing.
- Jackson is a prospective candidate for the post of Managing Director of Tirubuvani Sugars Ltd. Unfortunately, his proposed appointment could not satisfy the conditions of Schedule
- A newly joined trainee of the secretarial department would like to know details of information to be entered in respect of resolution passed through postal ballot by the company. A
- 'A', a shareholder, appointed 'X' as his proxy for the general meeting of a company. The proxy forms were lodged 50 hours before the meeting. The Chairman of the meeting refused to
- 'A', a shareholder, appointed 'X' as his proxy for the general meeting of a company. The proxy forms were lodged 50 hours before the meeting. The Chairman of the meeting refused to
- ABC & Associates is an audit firm with partners A, B and C. The firm's tenure as statutory auditor in M Ltd. has expired under Companies Act, 2013. M Ltd. is a listed company. XY &
- A company passed a special resolution in its general meeting for grant of loan to another body corporate in excess of limits specified in section 186(2). However, one of the direct
- Destinations Ltd. is a listed company with paid-up share capital of ₹40 crore, turnover ₹200 crore but having a loss of ₹10 crore for the year ended 31 March, 2018. The woman direc
- Warner Ltd. is an Indian company with a net profit of ₹4, 7, 6 and 7 crores respectively in the last four years. Net profit for each of last four years included a dividend of ₹1 cr
- A group of shareholders holding 13% of the total paid-up share capital of Lala Investments Ltd. requested the Board of directors of the company to convene the Extraordinary General
- You are a company secretary in a company. The Board of Directors want to know the details that should be entered in the Register of Renewed and Duplicate share certificates and the
- RPK Ltd. is an unlisted company having ₹9 crore as paid up capital and ₹52 crore as long term loan. The directors of the company would like to know from you the answers for the fol
- RPK Ltd. is an unlisted company having ₹9 crore as paid up capital and ₹52 crore as long term loan. The directors of the company would like to know from you the answers for the fol
- RPK Ltd. is an unlisted company having ₹9 crore as paid up capital and ₹52 crore as long term loan. The directors of the company would like to know from you the answers for the fol
- CS Rohan, a company secretary in practice availed loan against his personal investments from a bank. He issued two cheques towards repayment of the said loan as per terms of sancti
- A middle aged practicing company secretary (PCS) is considering to start a mega professional firm. Name the professional bodies with which the PCS can have partnership as per the C
- Nirja is a newly appointed company secretarial staff in the office of the Company Secretary of a listed company. She has suggested that an existing floating charge on the fixed ass
- Only a Company Secretary, being officer responsible for ensuring compliances under the Companies Act, 2013, shall be treated as officer in default in case of violations committed b
- Buy-back of shares is more advantageous to the promoters than a hefty dividend payment.
- It is mandatory to have atleast three directors on the CSR committee of every company.
- Distinguish between the following: Subsidiary company Vs. Associate company.
- Distinguish between the following: Doctrine of indoor management Vs. Doctrine of Alter Ego.
- Distinguish between the following: Shelf prospectus Vs. Red herring prospectus.
- Distinguish between the following: Casual vacancy of director Vs. Retirement of director by rotation.
- Charlie obtained travel advance amounting to ₹1,80,000 in ₹1,000 denomination on 7th November, 2016 based on the signature of the Managing Director of the company on the travel adv
- Discuss the provisions applicable to signing of Memorandum of Association of a company where the subscriber is: (a) illiterate; (b) a Limited Liability Partnership.
- Spacekid Private Ltd. reported a paid-up share capital of ₹10 crore and bank borrowings of ₹60 crore as at 31st March, 2019. Smithson & Co., the statutory auditors of the Company,
- Comment if the following transactions entered into by Solace Ltd. attract compliance with provisions relating to acceptance of deposit: (i) A sum of ₹5 lakh paid by Jeevan towards
- National Wind Power Ltd. is a company registered in the State of Maharashtra, in which the equity capital is held by Central Government — 40%, LIC — 20%, State Bank of India — 20%
- Comment whether the following loan transactions fall under section 185 of the Act requiring a special resolution: (i) A Ltd. extends a loan of ₹5 crore to Maxima LLP in which Krish
- The Workers' Union of Brave Ltd. went on a strike demanding increased wages and welfare measures and during the course of the strike, publicized the news through videos captured co
- Akilesh, as a member of a Producer Company, wants to understand his rights and voting power. Advise.
- Board of Directors of ABC Ltd. is evaluating merger of ABC Ltd. into its holding company MNP Ltd. which is registered in British Virgin Islands. Chief Financial Officer of ABC Ltd.
- Advise which of the following companies need to file its financial statements in XBRL format: Name of the Company Turnover for the year ended on 31st March, 2019 Nature of business
- Random Ltd. with 500 members, needs a quorum of 10 members physically present for a general meeting as stipulated by its Articles of Association. At a general meeting convened to c
- Deepak promoted and incorporated Clever Ltd. in January, 2019. He sold 25 acres of land in the State of Punjab, which he had acquired in his name in January, 2017 to Clever Ltd. in
- Decide whether S will fall under the definition of Significant Beneficial Owner with respect to A Ltd. in the following circumstances: (i) S holds directly 10% of equity in A Ltd.
- The statutory auditors of Diplomat Ltd. reported a fraud committed by the employees of the Company involving an amount of ₹25 lakh. Further, the secretarial auditor of the Company
- FYZ Ltd., an unlisted public company, has six directors on the Board with a quorum of 3 directors physically present for any board meeting. The Company convened a board meeting to
- Evaluate if in the following cases, the person will be disqualified for appointment as a director of Race Ltd.: (i) Takur, who holds a directorship in Turf Ltd., a company which di
- Draft specimen of a board resolution recommending payment of dividend on equity shares out of current profits of JAK Ltd., a company which is in existence for more than ten years.
- The Board of Directors of Prince Ltd. passed a resolution at its 50th meeting for recommending declaration of dividend out of reserves. Prepare specimen extracts of minutes contain
- RAN Ltd., an unlisted company, proposes to issue equity shares of the Company to certain investors numbering to a total of 30. Advise the Company if it is feasible, and if so, narr
- True False LLP is engaged in the business of providing logistics solutions to shipping companies. Average net profit for the last 3 years is ₹14 crore. Accordingly, it is not manda
- Zigzag Ltd. is a fast growing start-up company and has issued ESOPs to Rinku, Rina and Reshma during FY 2017-18. Due to a major accident in the premises of the company last month,
- Lala Ltd. is engaged in manufacturing stainless steel products. The Company also has a 120 MW captive power plant within its premises. Share capital and free reserves of Lala Ltd.
- Anand who was a shareholder of PQR Ltd. died in a road accident in August, 2019. His son Niraj has sent an intimation to PQR Ltd. regarding his death. In light of the applicable Se
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