CS Executive Company Law PYQ June 2019: Question Paper and Available Answers
CS Executive
Company Law
PYQS Series
June 2019
39 Questions Indexed
ICSI Examination Archive & Suggested Answers: This directory contains indexed questions from the paper for CS Executive Company Law PYQS (June 2019). 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: A private company and a banking company, can freely accept deposits.
- Comment on the following: Every financial statement of the company must give true and fair view of the state of affairs of the company at the end of the financial year.
- Comment on the following: The Articles of Association of a company cannot impose a blanket ban prohibiting transfer of shares in favour of a minor. Such a restriction is unreasonab
- Comment on the following: Every shareholder of a company is known as member while every member may not be known as shareholder.
- "If a company does not receive minimum subscription, it should refund money received from applicants within such time as may be prescribed". Explain the above statement with suitab
- What are the requirements as to the maintenance of Register of Postal Ballot?
- Explain whether a Floating charge attached to the company's property generally remains dormant till it crystallizes or becomes fixed.
- Who is a "related party" as defined in Section 2 (76)?
- State the time limit within which certificate of securities as provided in Companies Act, 2013 to be issued in case of: (i) Any allotment of shares. (ii) Any allotment of debenture
- Referring to the provisions of Companies Act, 2013 advice a public company which declared dividend on 30th September, 2018 as to the procedures to be followed in this regard for pa
- Draft "A specimen of deed of Assignment of shares of a company".
- Who are all the persons required to obtain Digital Signature Certificates?
- Explain whether the Corporate Social Responsibility (CSR) Committee is entrusted with any specific functions under the Companies Act, 2013?
- XYZ Ltd. sold a mine, owned by it for ₹28.20 crore. A minority shareholder brought an action for damages against their directors and against the company itself stating that the rea
- With reference to the provisions of the Companies Act, 2013 and the rules framed there under, state the disqualifications for a Debenture Trustee. Explain whether the following per
- Vijay is an auditor of XYZ Ltd, a listed public company having paid-up share capital of ₹10 crore. Advise him as to whether he can render the following services, keeping in mind, t
- A public limited company has only seven shareholders. Being all the shares paid in full, one such shareholder purchased all the shares of another shareholder in a private settlemen
- "A" Ltd., a public company wants to appoint Alternate Directors. Examine the validity of acts of the company with reference to provisions of Companies Act, 2013 in following cases:
- 'E' a director was absent for 4 months. It is proposed to appoint 'F' as an alternate director in place of 'E'. 'F' is already acting as an alternate director in "A" Ltd. for a dir
- Can the said appointment, if permitted, be passed by circular resolution?
- Prepare an Agenda items for a Board Meeting with a minimum of any eight items to be discussed.
- DEF Ltd. has made profit for last 3 consecutive financial years as under : Year | ₹ in Crore 2017-18 | 100 2016-17 | 150 2015-16 | 200. Considering the provisions of Companies Act
- What is the limit on the maximum amount that can be contributed by a company to a political party?
- Would your answer be different, if DEF Ltd. is a "Government Company" and donation is given by an "account payee cheque"?
- Jolly Retails Ltd. issued a notice for the meeting of its Board of directors scheduled for on 5th June 2019 at its corporate office. One of the directors intimated that he would be
- Pluto Ltd. was incorporated on 10th June, 2013 in Delhi and is engaged in the business of providing specialized catering services for corporate events. The Board of directors propo
- State the situations under which a company is required to constitute the Audit Committee?
- ABC Corporation Ltd. has no managerial person acting in professional capacity. During the current financial year the company sustained a loss. How can the company remunerate their
- 'X' was appointed as an Additional director of Precious Ltd w.e.f. 21st November, 2018 in a casual vacancy caused by the unexpected death of "P" by way of a circular resolution pas
- Enumerate the difficulties encountered in holding virtual meetings of Members.
- As a company secretary referring to the provisions of Companies Act, 2013 examine the validity of following propositions: A company wishes to call its annual general meeting on a w
- Due to the availability of chairman, the AGM of the company can be held only on 15th August, 2018. All members are ready to give consent in writing in advance for the same.
- Due to technical problem, company wants to hold its AGM at a city other than a city at which registered office of the company is situated.
- Prism Ltd. which has 50 preference shareholders called a preference shareholders meeting for amending the terms of these shares. 'A' was the only preference shareholder who attende
- Ragini, a practicing company secretary expressed her opinion on a report given to a business firm called "Quick March Consultants". Ragini has an interest in the same to be extent
- How would you substantiate the view that the members of the Institute of Company Secretaries of India (ICSI) are subject to disciplinary mechanism?
- Comment on the following statements: A company is an artificial juristic person. It does not have citizenship, residence and domicile.
- Comment on the following statements: A holder of a Global Depository Receipt is a member of the company.
- Comment on the following statements: Directors can be removed only by passing a special resolution.
- Comment on the following statements: Establishment of Vigil Mechanism and Sexual Harassment Complaints Committee is mandatory only for listed companies.
- Distinguish between the following: Alteration of Share Capital and Reduction of Share Capital.
- Distinguish between the following: CIN and DIN.
- Distinguish between the following: Minority Shareholders and Dissenting Shareholders.
- Distinguish between the following: Pre-fill in e-forms and Pre-scrutiny in e-forms.
- ABC Ltd. is a non-listed public company with a paid-up share capital of ₹50 crore. It has deposits of ₹10 crore. Its turnover in the last financial year was ₹101 crore. It has 800
- A was appointed as the Managing Director of OPQ Ltd. for a period of 4 years on his 66th birthday on 1st June, 2016. A Board Resolution was passed to extend his term of office by a
- EFG Pvt. Ltd. is a holding company of HIJ Ltd. and KLM Ltd. which are its subsidiary companies. Is the company required to prepare a consolidated financial statement (including the
- RST Ltd.'s annual general meeting should have been held on 30th Sept., 2018. However, as the accounts for the year 2017-2018 were not ready, the AGM could not be held. In order to
- Y, the M.D. of UVW Ltd. deposited a cheque of ₹5 crore drawn in favour of the company, in his personal account. The bank credited the said amount in Y's personal account. The compa
- A company has just received applications for shares in response to a public issue, which has been fully subscribed. How would you ensure that the shares are validly allotted ?
- An Inter-State Co-operative Society was incorporated on 1st June, 2019, as a producer company. The producer company proposes to have 18 directors on its Board of directors. Further
- When may a company be given a "dormant" status ?
- A subscriber to the shares of a company, wherein the shares were only partly called up, paid all the money due on the shares held by him in advance. Later, the shareholder claimed
- The promoters of a company engaged in the formation of a software company approach you as a Company Secretary in practice to advise them about the details of declaration required t
- A limited liability partnership was formed by B, a resident individual with 2 more body corporates as its partners. The Registrar refused registration. Is the Registrar justified i
- Under what circumstances can the National Company Law Tribunal order winding-up of a company ?
- XYZ Ltd. has a paid-up capital of ₹50 crore and free reserves of ₹30 crore. It provided a guarantee for repayment of a loan of ₹40 crore borrowed by its wholly owned subsidiary com
- The prospectus issued by a company contained a false statement that B a very well-known successful businessman was on its Board of directors. C acting upon this statement applied t
- You have joined as a compliance officer of a company on 1st June, 2019. You realize that a charge which was created on 15th Feb., 2019 has not yet been registered. What immediate s
- 1000 shares of a company are presently held jointly by A, B and C their names appearing in the share certificates in this order. The joint shareholders want a transposition of the
- Explain the provisions contained in the Cos. Act, 2013 and the Companies (Acceptance of Deposits) Rules, 2014, which are primarily aimed at protecting the interests of the deposito
- Under what circumstances may the National Company Law Tribunal (NCLT) order an investigation of a company under S. 213 of the Cos. Act, 2013? What is the security, if any, required
- Explain the terms "IFSC" and "specified IFSC private company".
- A person holds 90% of the issued shares of a company. He wants to acquire the balance 10% of the shares from the existing shareholders. As a Company Secretary in practice, advise h
- A company has appointed you as a scrutinizer in respect of a resolution required to be passed through a postal ballot. Describe your functions as a scrutinizer.
- You have been appointed as a Debenture Trustee in respect of debentures issued by a company. How would you protect the interests of its debentureholders ?
- 'T' Ltd. a listed company has ₹ 20 crore paid up share capital and has nine directors on its Board. Advise T Ltd. on the following matters : The number of independent directors it
- Referring to the provision of Companies Act, 2013 advise the directors of a company in the following matters: The company wishes to obtain approval of the financial statement in a
- 'S' is a member of Institute of a Company Secretaries of India. He has defaulted in payment of annual subscription and his name is removed from the Register of Members by ICSI on 3
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