CS Professional Advanced Company Law and Practice PYQ June 2015: Question Paper and Available Answers
CS Professional
Advanced Company Law and Practice
PYQS Series
June 2015
34 Questions Indexed
ICSI Examination Archive & Suggested Answers: This directory contains indexed questions from the paper for CS Professional Advanced Company Law and Practice PYQS (June 2015). Open the source paper and available answers. Older sessions follow the syllabus and statutory provisions applicable to their examination year.
Indexed questions
- Within what period subscribers to the memorandum are required to bring in share application money in the company? Explain with relevance to obtaining certificate of commencement of
- Explain with reference to the provisions of the Companies Act, 2013 whether an independent director is entitled to: (i) Sitting fee;
- Explain with reference to the provisions of the Companies Act, 2013 whether an independent director is entitled to: (ii) Remuneration;
- Explain with reference to the provisions of the Companies Act, 2013 whether an independent director is entitled to: (iii) Employees stock option.
- 'No company shall enter into any contract or arrangement with a related party.' Examine the validity of the statement.
- 'All resolutions, no matter how simple they are, should be drafted in clear and distinct terms, since resolutions embody the decisions of the meeting.' Comment with reasons.
- Explain the term 'private placement' in relation to issue of securities by a company. What conditions must be fulfilled by a company under the Companies Act, 2013 before issuing se
- Explain the term 'preferential offer'. Whether a company issuing securities on preferential basis is also required to comply with the conditions concerning private placement?
- Distinguish between 'defunct company' and 'dormant company'.
- Explain the provisions governing one person company (OPC). Can a person incorporate more than one OPC?
- Discuss the concept of 'rotation of auditors' of a company as per provisions of the Companies Act, 2013. Is the concept also applicable to secretarial auditor?
- Explain the provisions governing vigil mechanism under the Companies Act, 2013. Is it applicable to all companies?
- A company may issue secured debentures if it fulfills certain conditions. State the conditions to be fulfilled.
- ABC Ltd. appointed Anil as director on 1st November, 2014. Subsequently, Anil obtained his DIN on 10th November, 2014. ABC Ltd. filed DIR-12 on 15th November, 2014. Examine the leg
- Give a specimen of Board resolution for appointment of whole-time key managerial personnel under section 203.
- Shine Ltd. wishes to appoint PMQ firm for the first time as the auditor of the company for a period of 5 years at the company's annual general meeting to be held on 30th June, 2015
- Shine Ltd. wishes to appoint PMQ firm for the first time as the auditor of the company for a period of 5 years at the company's annual general meeting to be held on 30th June, 2015
- Royal Ltd. wishes to appoint an independent director on the Board of the company. Explain the procedure and also draft a resolution to be passed by the shareholders of Royal Ltd.
- BST is a company incorporated as a company not for profit under section 25 of the Companies Act, 1956. The Board of BST has decided to convert the same into a public company under
- Write notes on the following: (i) Conditions for issuance of sweat equity shares
- Write notes on the following: (ii) Declaration of dividend
- Write notes on the following: (iii) Auditors not to render certain services
- Write notes on the following: (iv) XBRL filing.
- Red Cap Ltd. wants to reduce its equity share capital to extinguish the holding of only non-promoter shareholders on payment of the value of their shares. Reduction was approved by
- Smart Ltd. wants to include a provision in the articles of association by altering it to limit the company's share capital to a fixed amount. Can it do so? Will your answer be diff
- Northern Ltd. is a company engaged in manufacture of mobile phones. The name of the company was struck-off on an application under 'simplified exit scheme'. However, subsequently t
- A charge is a right created by any person, including a company, referred to as 'the borrower', on its assets and properties, present or future, in favour of a financial institution
- Manohar Motors Ltd. has a paid-up share capital of ₹10 crore and free reserves of ₹5 crore. The Board of directors want to borrow a sum of ₹20 crore for its long-term capital requi
- Pankaj is a whole-time director of a listed company and also an independent director in two other listed companies out of which he is also the Chairman of the audit committee of on
- Is Company Secretary a 'managerial personnel' for the purpose of restrictions on remuneration under section 197? Is his salary considered for the purpose of computation of manageri
- What items of business are required to be transacted through postal ballot in terms of provisions of the Companies Act, 2013?
- 'Apart from general secretarial duties entrusted, the Companies Act, 2013 has entrusted and prescribed some duties and authorities.' Discuss the statutory duties and liabilities of
- The Companies Act, 2013 has introduced several provisions which would change the way Indian corporates do business and one such provision is spending on corporate social responsibi
- The primary objective of compliance management backed by secretarial audit is to safeguard the interests of the company and its stakeholders. Discuss the provisions governing secre
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