CS Executive Company Law PYQ June 2021: Question Paper and Available Answers
CS Executive
Company Law
PYQS Series
June 2021
37 Questions Indexed
ICSI Examination Archive & Suggested Answers: This directory contains indexed questions from the paper for CS Executive Company Law PYQS (June 2021). 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: Amount lying in the securities premium account belongs to the shareholders and can be used freely for their benefit.
- Comment on the following: Debapriya was appointed as alternate director of Julien in Amal Housing Finance Ltd. The company was served a demand notice by Goods & Service Tax departm
- Comment on the following: Dealing with dividend is the prerogative of Board of directors. However there are certain parameters included in dividend distribution policy of a company
- Comment on the following: Every company is required to comply the disclosure requirements under the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal)
- As a Company Secretary, explain the procedure of satisfaction of charge.
- Books of account have to be kept only at the registered office of the company. As a corporate consultant give your comments in this regard.
- Jupiter Ltd. intends to acquire shares in another company. How much amount can be invested by Jupiter Ltd. without passing special resolution considering the facts mentioned below
- Santosh, CEO of the company, has advised the Board of directors of an unlisted company that in order to market the public issue and generate interest and awareness amongst the publ
- What are the requirements to form a proprietary company under the Australian Corporations Act, 2001 ?
- Every company is required to have active website. Comment.
- Appointed date and Effective date are very important in any merger or amalgamation through a scheme of arrangement. Do you agree?
- Assistant Company Secretary of JKL Ltd. has made excess payment of ₹ 1 lakh to MCA for filing of E-forms. What is the procedure of refund of MCA-21 fees?
- ABC Products Ltd. has taken term loan of ₹ 5 crore from bank and has given the properties situated at Maldives as a prime security of loan. Can the company give the properties situ
- Monika Ltd. wants to purchase its own 5,00,000 equity shares @ ₹ 10/- each out of the following: lakh (a) Unsecured Loans 25 (b) Balance of Free Reserves 15 (c) Securities Premium
- Provide a specimen of board resolution for preparation of annual report in abridged form for mailing to the members. Assume facts and figures for the purposes of mentioning in the
- Advise whether the internal auditor is required to be appointed in the following scenarios: Name of the Company Status of the Company Paid-up Capital Turnover Outstanding loans and
- Chief Financial Officer (CFO) of a conglomerate is of the view that secretarial audit is mandatory for all the companies. He has approached you to determine whether secretarial aud
- Rohan is a well-known banker and holds directorship in 22 companies as on 30th September, 2020. The companies include 10 public companies, 11 private companies (including MNP Pvt.
- Can Rohan continue to hold directorship in all 22 companies after acquisition made by ABC Ltd. ?
- Company Secretary of ABC Ltd. has proposed to restrict number of directorship of the directors in ABC Ltd. Whether the proposal given by the Company Secretary is tenable in light o
- Raman is a director of Mega Ltd., a company engaged in the business of selling mineral water. Rohini, wife of Raman, is a partner in M/s. Total, a partnership firm, engaged in the
- Board of directors of Charity Ltd. wants to understand from you applicability of the provisions relating to CSR to companies including requirements to constitute CSR committee. Inf
- Approval of the Audit Committee to a related party transaction can be granted by passing a circular resolution. Discuss.
- In the following scenario, examine whether the amount of sitting fees decided by the Board of directors is in accordance with the provisions of the Companies Act, 2013 and rules ma
- Board of directors of Yes No Ltd. proposes to appoint Arjun as managing director. Arjun has recently celebrated his 71st birthday. Arjun has spent his entire career in power sector
- Dim Dim Ltd. was incorportated on 31st December, 2019. An advisor to the company has suggested that since the Articles of Association (AOA) does not contain provisions relating to
- Himmat Ltd. has a paid-up capital of ₹ 50,00,000 dividend into 5,00,000 shares of ₹ 10/- each. Special notice of intimation to move a resolution to remove Rajesh & Co., statutory a
- Shankar was appointed as a small shareholders' director on 2nd March, 2017. Shankar has submitted a letter to the Board of directors expressing his desire to get re-appointed. In t
- Whether he is liable to retire by rotation as on 31st March, 2019?
- Since Shankar is serving as director in many companies, whether his directorship in the capacity of small shareholders' director be included in the total number of directors as per
- Vasu is independent director in various companies and he seeks your opinion regarding presence of independent director in different types of Committees. Advise.
- Logic Ltd. wants to remove Radhika, Company Secretary of the Company. Explain the procedure.
- Draft a postal ballot form of ZYX Ltd, a company in existence for last 10 years. Assume facts and figures.
- Can an annual general meeting be called at a shorter notice? Would your answer be different if it were an extra-ordinary general meeting?
- The Board of Directors of Passion Ltd. has passed board resolutions for the following items. Examine the validity of resolution as a secretarial auditor of the company : (a) To inv
- FMP & Associates, Company Secretaries, has sent a letter to the foreign exchange department of Reserve Bank of India stating that the firm has three partners who specialise in the
- A complaint of professional misconduct is filed with ICSI against Swapan, a practising member. The Disciplinary Committee of ICSI is of the opinion that Swapan is guilty of profess
- Comment on the following: Every Company is required to issue securities in dematerialized form only.
- Comment on the following: No Debenture Redemption Reserve is required to be created for privately placed debentures and for debentures issued by a housing finance company.
- Comment on the following: Share certificate of a company is an official publication.
- Comment on the following: The statutory auditor of a public company may render actuarial services to its holding company.
- Distinguish between the following: 'Reduction of Share Capital' and 'Diminution of Share Capital'
- Distinguish between the following: 'Quorum of Board Meeting' and 'Quorum of General Meeting'
- Distinguish between the following: 'Constitution of Audit Committee' and 'Constitution of Corporate Social Responsibility Committee'.
- Distinguish between the following: 'Inspection' and 'Investigation'
- Skill Properties Private Ltd. is in the business of real estate. It has received an amount of ₹95000/- as an advance from its customers during the course of business on which no in
- Members of Star Ltd. proposes to appoint Ram and Shyam as directors of the company by passing a single resolution in the general meeting. Can members of Star Ltd. do so? What will
- Harsh Private Ltd. holds 50% of total shares of Spandan Ltd. A, B, and C holds 10%, 20% and 30% shares of Harsh Private Ltd. Discuss the procedural formalities required to be compl
- Lily Ltd. was merged with Rose Ltd. under a scheme of arrangement. The minutes of the Board meetings and general meetings were handed over to Rose Ltd. Advise the Rose Ltd. on the
- Lily Ltd. was merged with Rose Ltd. under a scheme of arrangement. The minutes of the Board meetings and general meetings were handed over to Rose Ltd. Advise the Rose Ltd. on the
- Karan holds 2500 equity shares of a listed company. The nominal value of these shares is ₹10 each having ₹5 paid-up on each share. As per the latest quote on the National Stock Exc
- In October 2020, Tarun deposited ₹100000 for a term of three years with Fun Ltd., an unlisted company. Tarun seeks your advice on the following: He has an emergency in August 2021,
- In October 2020, Tarun deposited ₹100000 for a term of three years with Fun Ltd., an unlisted company. Tarun seeks your advice on the following: Suppose, if during February 2021, t
- Subhash is a debtor as well as a member of JUMBO Ltd., a listed company. The company declares a dividend of ₹2500 on the shares owned by Subhash and proposes to adjust the said amo
- Vijay Ltd. is having a paid-up capital of ₹250 crore. The company seeks your advice as to whether any of the following persons can be appointed as a managing director of the compan
- Vijay Ltd. is having a paid-up capital of ₹250 crore. The company seeks your advice as to whether any of the following persons can be appointed as a managing director of the compan
- A Ltd. made a public offer of its securities by issuing a prospectus, in which it was stated that the company has a track record of dividend payment without any interruption for th
- Decide whether the following persons are qualified to be appointed as statutory auditor of the Girija Ltd: Bharat, a qualified chartered accountant, holding position as internal au
- Decide whether the following persons are qualified to be appointed as statutory auditor of the Girija Ltd: Mohan, a qualified chartered accountant, holds equity shares of nominal v
- Decide whether the following persons are qualified to be appointed as statutory auditor of the Girija Ltd: Dinesh, a qualified chartered accountant, whose son owes Girija Ltd a sum
- Decide whether the following persons are qualified to be appointed as statutory auditor of the Girija Ltd: Mukesh, a qualified chartered accountant, who has been convicted in the y
- Suraj Ltd. has a subscribed capital of ₹200 crore out of which ₹100 crore has been paid-up. The Articles of Association of the company has a provision that the company shall have a
- Red Entertainment Ltd. received a transfer deed for registration of transfer of shares to Sakshi, daughter of Arun. After registering the transfer, the company sent the certificate
- Pratap is the director of QAP Overseas Trading Ltd. The name of the company was recently struck off from the register of companies by the Registrar. He does not hold directorship i
- Tanila India Producer Company Ltd. was incorporated on 31st October, 2020. State the powers to be exercised by the Board of directors, on behalf of the Producer company only by mea
- Chatterjee, Bose & Dixit Co. LLP was incorporated on 1st October, 2020. It has become very renowned in the field of insurance survey and has already achieved a turnover of ₹5 crore
- Chatterjee, Bose & Dixit Co. LLP was incorporated on 1st October, 2020. It has become very renowned in the field of insurance survey and has already achieved a turnover of ₹5 crore
- ABC Private Ltd, a company engaged in manufacturing of electrical equipment, desirous to grant a loan to Aman Udyog (a partnership firm) as the firm is in need of business funds fo
- Certain depositors of Lifetime Resources Ltd. were of the opinion that affairs of the company are being conducted in a manner prejudicial to their interests. Assuming yourself as a
- One of the agenda items for the next extra ordinary general meeting (EGM) of Richa Ltd is consideration of sub-division of equity shares. Assuming facts and figures, draft a specim
- The name of Orient Builders Private Ltd. was struck off by the Registrar of Companies on the application of the company due to recession. After three years, owing to favourable mar
- A compromise is proposed between Jay Chemicals Ltd. and its creditors. The Tribunal on an application from the creditors has ordered a meeting of the creditors. Notice of such meet
- Examine the validity of Tribunal's order to wind up the company in the following circumstances: The registrar has presented a petition as the company has defaulted in filing financ
- Examine the validity of Tribunal's order to wind up the company in the following circumstances: Petition is presented by a contributory on failure to repay matured deposits on time
- Suresh, the statutory auditor of A Ltd., during the course of the audit detected a fraud against the company by an employee involving an amount of ₹5 crore but failed to report the
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