CS Executive Company Law PYQ December 2020: Question Paper and Available Answers
CS Executive
Company Law
PYQS Series
December 2020
33 Questions Indexed
ICSI Examination Archive & Suggested Answers: This directory contains indexed questions from the paper for CS Executive Company Law PYQS (December 2020). Open the source paper and available answers. Older sessions follow the syllabus and statutory provisions applicable to their examination year.
Indexed questions
- Comment on the following: Reduction of share capital and Diminution of share capital mean the same.
- Comment on the following: Annual Return is a significant document in relation to the company.
- Comment on the following: An encumbrance may be created by a charge, pledge or a mortgage.
- Comment on the following: In the United Kingdom, the name of the company may be entered in its register of members as a member in certain cases.
- Sumeet, Puneet and Manmeet were subscribers to the Memorandum of Association of a private company for 500 shares, 300 shares and 200 shares respectively. After incorporation, Sumee
- The following summarized information is available in respect of a company for the year ended 31st March, 2019 : Equity Share Capital 10,000 shares of the face value of ₹ 100 each ₹
- Arup entered into a transaction with Brilliant Merchandise Ltd. for a contract worth ₹ 51 lakh. The Articles of Association of the company stipulate that a contract above ₹ 25 lakh
- KBC Ltd. filed Form PAS-3 with the Registrar of Companies (ROC), Mumbai as required under the Companies Act, 2013 with late fees as it was not filed within the due date. The ROC on
- P Realtors Ltd., A Construction Ltd. and five other individuals have incorporated XYZ Builders Ltd. to construct a commercial complex. P Realtors Ltd. and A Construction Ltd. have
- An application has been made by a shareholder of a company to the National Company Law Tribunal (NCLT) that the company which has been just incorporated has supplied incorrect info
- DEF Traders Ltd. is incorporated as a small company. State with reference to the relevant legal provisions whether it is required to set up a Corporate Social Responsibility Commit
- HIJ Engineers Ltd. has a paid-up capital of ₹ 20 lakh, Free Reserves of ₹ 3 lakh and Securities Premium of ₹ 2 lakh. It has granted a loan of ₹ 14 lakh to KLM Traders Ltd. The Boar
- The following information as per latest balance sheet figures as on 31st March, 2019 is made available to you: Paid-up Share Capital ₹ 150 crore Free Reserves ₹ 50 crore Securities
- Sunita sold her flat to NOP Televisions Ltd. on 1st April, 2016. The company appointed Prakash (a registered valuer and also husband of Sunita) on 1st May, 2019 to determine the va
- In the course of business of the company, RST Logistics Ltd. received ₹ 2 lakh on 31st March, 2015 as advance towards consideration for providing future services in the form of war
- Manish, a shareholder of a company has not claimed his dividends from the company for the last 10 years due to different reasons. He wants to know whether he will be able to recove
- Every company is required to get pre-scrutiny and pre-certification of e-forms by a practising professional before filing with the Registrar of Companies (ROC). Is this true? Expla
- Examine the validity of the following statements: (i) 'Every listed public company must have an independent woman director.' (ii) 'Every listed public company must have a small sha
- A meeting of the Board of Directors was convened to approve the annual financial statements of the company. The company has a total of 9 directors out of which 4 directors were att
- RST Communications Ltd. has a total paid-up share capital of ₹ 6 crore consisting of 6 lakh shares of ₹ 100 each. Its annual general meeting had been scheduled for 15th September,
- The Annual General Meeting (AGM) of a company is scheduled to be held on 22nd August, 2019 at 2 p.m. Taking into account the relevant legal provisions contained in the Companies Ac
- Rajeev and his wife Surekha are the only two directors of Rajsur Pvt. Ltd. Rajeev went abroad for two months. Before going abroad, he registered a general power of attorney in favo
- Ratan is a member of Adarsh Club Ltd., a company formed for promoting sports and not for profit. For the ensuing extraordinary general meeting to be held on 5th November, 2019, he
- In a Board of Directors meeting of a private company held on 15th November, 2019 all the directors present, unanimously decided that the next meeting of the Board of Directors woul
- Owing to the resignation of Prashant, Managing Director of Beauty Herbals Ltd. on 15th October, 2019, the company appointed one of its Senior Deputy General Manager Kristina Kelly,
- What do you understand by the term 'secured computer system' in the context of virtual board meetings? Can all matters required to be approved by meeting of Board of Directors be a
- Dhanvantri is the Chairman of the Risk Management Committee of Advanced Solutions Ltd. A meeting of this Committee of Directors has been scheduled to be held on 5th December, 2019
- The Chairman of the Board of Directors of Jagruti Printers Ltd. has sent a draft of Resolution along with necessary papers to all the ten directors of the company to get it passed
- Kailash, a director of a company has sent in his resignation notice stating that he is resigning from the office of director with effect from 10th December, 2019. The notice was re
- 25 members of a company holding 11% of total paid up equity share capital made a requisition on 5th December, 2019 to the Board of Directors to convene an Extra Ordinary General Me
- Amit is having directorship of the following companies : Nature of companies Number of companies Public companies (including 2 dormant companies) 8 Private companies (including 2 s
- Kavita, a practicing company secretary, posted a request on whatsapp group of practicing company secretaries for providing secretarial audit in any company. She also made a similar
- Piyush a practicing company secretary is planning to establish a multi-disciplinary Professional firm to provide secretarial, financial and medico-legal services. For this purpose,
- Is it mandatory for every public company to appoint Key Managerial Personnel?
- A petition to the National Company Law Tribunal for winding up of a company shall be presented only by the company and not by any contributory.
- It is not mandatory for every company issuing debentures to create a debenture redemption reserve account.
- The Articles of Association may contain provisions for entrenchment.
- Distinguish between Winding up and striking off name of companies.
- Distinguish between Limited Liability Partnership and Partnership firm.
- Distinguish between Pre-scrutiny and Check form.
- Distinguish between Mortgage and Charge.
- Malafied Ltd. would like to forfeit the shares allotted to a shareholder for non-payment of final call. The company has sent the notice to the address as per the records of the com
- "Every company can issue shares with differential voting rights up to 50% of its share capital". Validate this statement with a brief answer.
- Your company has constituted an Audit Committee. As the Company Secretary, prepare a note on the role of Audit Committee on related party transactions.
- Arohan Ltd., an unlisted company is having its corporate office in Kolkata. It is having registered office in New Delhi and wants to call its annual general meeting in Mumbai on 1s
- Sec. 186 and Sec. 185 dealing with loans and investments by companies speak about loan given to directors and employees and not about any investment made by one corporate body in a
- An investigation into the affairs of a company has been ordered by National Company Law Tribunal in public interest (Sec. 210). As a Company Secretary to handle the investigation w
- Beauty Ltd. wants to include additional grounds for vacation of office of directors in the Articles of Association of the company. Can the company do so under the provisions of the
- ESS Ltd., a government company was incorporated on 1st June 2018 and appointed first auditor on 15th July 2018. Explain as to whether ESS Ltd. has complied with the provisions of t
- ABC Ltd. has accepted deposits from the public for three years with interest payable at 8% p.a annually or at the end of three years at 9% p.a. One depositor "D" has requested the
- A widow applies for transmission of shares standing in the name of her deceased husband without producing a succession certificate. The company officials insist for succession cert
- Shyam Agarwal wants to incorporate a company in the name and style of Raghav Forest Corporation Ltd. in the state of Himachal Pradesh. Can a company be incorporated with the said n
- Gopal Kabra who is a member of Shakti Ltd. wants to inspect the Register of deposits maintained by the company as required under the provisions of the Companies Act, 2013 and rules
- MNO International Financial Service Company is a subsidiary of Lee Ltd of Japan, established in SEZ of India. The holding company Lee Ltd follows calendar year as financial year. M
- "Shareholders are liable to pay on the money due on shares even if assets of the company exceed its liability." Is this statement true as per the provisions of the Companies Act, 2
- XY Ltd. is the holding company of Z Ltd. Can Z Ltd acquire shares of its holding company XY Ltd.? Advise as a practicing Company Secretary.
- P Ltd. intends to raise share capital by issuing equity shares in different stages over a certain period of time. However, the company does not wish to issue prospectus each and ev
- The basic principle of non-interference with internal management of company by the court was laid down in a celebrated case of Foss Vs. Harbottle. Discuss the rule with its excepti
- Rahul has to claim certain shares and unclaimed dividend from Ocean Ltd which has transferred it to Investor Education and Protection Fund (IEPF). Discuss the procedure to be follo
- RST Ltd. proposes to convene the board meeting for approval of the Board's report through video conferencing and seeks your advice for the same. Further clarify who will be signing
- With reference to the following queries of Sangita, Chief Executive Officer of South Village Fresh Farmers Producer Company Ltd., how would you deal with them as per the Companies
- Independent directors (ID) of a listed company decided to convene a meeting of IDs on their own. Non-Independent directors objected to and called it as illegal. Offer your views re
- Bispasha is the Vice President (Business Development) of Embee Hardwares Ltd., a listed entity. The company decided to terminate the services of Bispasha due to gross misconduct an
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