CS Executive Company Law PYQ December 2021: Question Paper and Available Answers
CS Executive
Company Law
PYQS Series
December 2021
38 Questions Indexed
ICSI Examination Archive & Suggested Answers: This directory contains indexed questions from the paper for CS Executive Company Law PYQS (December 2021). Open the source paper and available answers. Older sessions follow the syllabus and statutory provisions applicable to their examination year.
Indexed questions
- A private limited company incorporated under the Companies Act, 2013 may issue debentures to any number of persons and can accept deposits from the public.
- The privilege of Limited Liability for Business Debts is one of the principal advantage of doing business under the corporate form of organization with some exceptions.
- National Financial Reporting Authority (NFRA) has wide powers to recommend, enforce and monitor the compliance of accounting and auditing standards.
- Signing of the Board's Report can be done by any one of the directors and be filed within 60 days of AGM.
- The Board of Directors of Aakash Ltd., a listed company, in its meeting held on 1st April, 2021 announced a proposal for issue of bonus shares to all equity shareholders of the com
- XYZ Limited has an office building in London. The Company has been granted a term loan of ₹15 crore from a Bank. The Company wants to mortgage office building of London. Examining
- XYZ Limited has an office building in London. The Company has been granted a term loan of ₹15 crore from a Bank. The Company wants to mortgage office building of London. Examining
- X applied for 400 shares in XYZ Ltd and paid ₹2.50 on the face value of ₹10 but no allotment was made to him. Subsequently 400 shares were allotted and issued to him without his re
- XYZ Ltd is an investment company whose principal business is acquisition of shares and debentures of other companies. The following figures were derived from the books of XYZ Ltd.
- XYZ Ltd. is carrying out a project under its CSR initiatives. Some of its employees are working in this project. The company want to monetize and account it under the head of 'CSR
- Santosh Kumar, an employee of a listed company purchased certain shares of his company through a member of a stock exchange and lodged with the company for transfer of shares in hi
- Santosh Kumar, an employee of a listed company purchased certain shares of his company through a member of a stock exchange and lodged with the company for transfer of shares in hi
- The Board of Directors of XYZ Ltd is considering the proposal for making the investment in ABC Ltd. The company has 5 directors on board and in the board meeting 4 directors were p
- Examine the validity of the following: (a) XYZ Ltd wants to declare the dividend out of the current year profit without adjusting the previous year's carry forwarded losses and dep
- Examine the validity of the following: (b) Board of Directors of XYZ Ltd wants to declare interim dividend after the end of financial year.
- ABC Ltd. has not satisfied any conditions specified as per section 137 of the Companies Act for current financial year. The company has filed financial statement as per XBRL Taxano
- Govt. of West Bengal filed an application for winding up of KTC Ltd in the Tribunal citing sec. 271 of the Companies Act, 2013 in the interest of sovereignty and integrity of India
- Mention the requirements in relation to maintenance of minutes, as prescribed by the Secretarial Standards Board.
- Highlight the aspects of corporate governance in USA as per SOX Act.
- Answer the following with regard to appointment of auditor : (i) X, a practising chartered accountant holds shares in ABC Ltd. The nominal value of shares is ₹50,000. Whether ABC L
- Answer the following with regard to appointment of auditor : (ii) A, a practising chartered accountant has business relationship with XYZ Hotels Ltd. The hotel used to provide serv
- Answer the following with regard to appointment of auditor : (iii) X, a chartered accountant is working as a General Manager Accounts with ABC Ltd. Could X be appointed as auditor
- The following figures were extracted from the books of X Ltd (audited). Paid up share capital ₹100 Lakh Reserve & Surplus General Reserve ₹50 Lakh Security Premium Account ₹25 Lakh
- X, proposes his candidature as a director of X Ltd. along with the deposit of ₹1 Lakh. Later X failed to be appointed as director but received 39% of the total votes. X, claimed X
- X has been appointed as the Managing Director of XYZ Limited. The company does not have any other whole time directors. The terms and conditions of his appointment are as under : (
- R is a newly qualified CS and seeks your advice on passing of Resolution by Circulation. Advise him suitably as to the procedure to be followed in this regard.
- Indicate steps to file an application for seeking extension for calling Annual General Meeting and mention the form in which such application needs to be filed with the Registrar o
- A has been appointed as a Company Secretary in the Company by a circular resolution. In addition, he has also been advised to act as a Group Company Secretary and head of the paren
- XYZ Ltd wants to pay sitting fees to its women directors, less than the sitting fees payable to other directors of the Company. And want to appoint X as its Managing Director of th
- X is a company secretary of XYZ Ltd. He is of the opinion that the notice, agenda and notes on agenda of the board meeting should be send only to the alternate director and not to
- X Ltd. is a listed company having 565 shareholders as on 31st December, 2019. The Board of Directors ask you about the formation of Stakeholders Relationship Committee. Is it neces
- X, a finance expert having experience of 30 years. XYZ Ltd wants to appoint him as a Chief Financial Officer at a salary which is more than that of director of the company. State w
- XYZ Ltd. issued a notice on 1st August, 2019 to hold its Annual General Meeting on 24th August, 2019. The company had given the notice through email to all the members as per the r
- The directors of your company is of the opinion that every public company having more than ₹100 crore share capital have to provide for remote e-voting. Does the Companies Act 2013
- X is being appointed as a proxy for an annual general meeting of XYZ Ltd. The said meeting is being adjourned due to some reason. Now, Y is being appointed as a proxy to attend the
- X has applied to the Indian Institute of Corporate Affairs (IICA) for inclusion of his name in the data bank of independent directors. He is working as a director of X Ltd and Y Lt
- Can a company secretary advertise himself as per the guidelines of the ICSI 2020? Mention few of the restrictions in this regard.
- It is essential to device "performance, contribution and efficiency based" revenue sharing model in MDFs. Explain.
- Comment on the following statements : Investigation by Serious Fraud Investigation Office under Section 212 of Companies Act, 2013 can be initiated by Central Government.
- Comment on the following statements : Central Government can cancel a Director Identification Number already issued, for any grounds which it deems fit.
- Comment on the following statements : Investments held by a company shall be held only in the name of Company.
- Comment on the following statements : Contracts made before the incorporation of the company cannot bind the company.
- Distinguish between the following: Company and Hindu undivided family.
- Distinguish between the following: Consolidated Financial Statement and Abridged Financial Statement.
- Distinguish between the following: Pre-emptive Rights and Preferential Rights.
- Distinguish between the following: Nominee Director and Independent Director.
- Growing Ltd., a start up company with a total member base of 170 is thinking of an alteration in the objects clause to include new businesses holding potential in present times. Di
- A newly appointed Company Secretary of Overseas Ltd. with its headquarter in Kolkata discovered that the Company, four months ago, had created a floating charge on its assets locat
- American Amalgamation is a company incorporated in USA and does not have a place of business in India. It would like to merge with an Indian company. The auditors and secretary of
- Rayan Music Corporation Ltd. is a company which has recently issued shares and completed allotment. Now it is in the process of issuing the share certificates. There arose a doubt
- Nozama International Ltd has a consistent dividend policy in the past 5 years paying 10% dividend, and although during the current year it sustained a loss but it wanted to keep up
- Nazim, a director of Arabian Foods Ltd filed a complaint of oppression in the Tribunal for relief u/s 241 against the company for alleged acts of excessive expenditure in the books
- Sigma Ltd is an unlisted company with a paid up capital of ₹6 Crore and annual turnover of ₹55 Crore. The company filed its annual return with the ROC within sixty days from the da
- Under what circumstances can a public company pay total managerial remuneration to its directors including managing director, whole time director and manager in excess of 11% of th
- Board of directors of Gullible Ltd has finalized their CSR policy. Where and how does the company need to disclose this policy?
- Lakshay bought the shares of Blue Ladder Ltd in the public offer relying on claims made in the prospectus which was explained in detail by the Merchant Bankers. The company was inv
- Lajawab Cooperative Society is involved in processing and marketing activities of agricultural produce of its members working in the States of Orissa, Bihar and Jharkhand and is re
- A group of four friends who had applied and were allotted shares in joint names required the company to enter all their names in the register of members. Further, they also require
- Jas Company Private Ltd did not file its annual returns for the past several years. Hence, the Registrar of Companies (RoC) made an application to the Tribunal for winding up of th
- A Company is desirous of calling an urgent meeting of its board in the next four days. The executive director wants to know from you the process to be followed for convening this m
- For the purposes of e-voting, Oriental Ltd has appointed you, a practicing Company Secretary as its scrutinizer. What will be your duties in the process of e-voting and its success
- ABC Ltd is a company where 40% of share capital is held by Central Government, 40% by Uttar Pradesh Government and 10% each by LIC and ONGC. During secretarial audit it was noticed
- You are a Company Secretary in practice and your three old architect friends have approached you for setting up their Limited Liability Partnership (LLP). They seek your help in in
- Mention the steps to be taken, formalities to be fulfilled, forms to be filled for incorporation of a company as per the provisions of Companies Act, 2013.
- Inspiration Limited is a listed company which is sitting on a pile of huge cash flows. With an understanding of the current times, the directors of the company are intending to buy
- Serious Ltd is a listed company with a turnover of ₹75 crore as per last year's balance sheet. Company was facing investigation under section 210(1) wherein government issued order
- An individual deceitfully impersonated himself as the transferee and got the shares transferred in his name. He also received the accruals like bonus, dividend etc. on such shares.
- ARC Finance and Investments Ltd (ARCFIL) registered with the RBI under Section 45-IA of the RBI Act as a non-banking finance company (NBFC), has about ₹100 crore of debenture matur
How to Prepare for CS Executive Company Law
Use past questions to practise the paper format and review available answers. Check the current syllabus, applicable law and examination duration before attempting a timed paper.