CS Professional Corporate Restructuring, Insolvency, Liquidation & Winding-up PYQ December 2021: Question Paper and Available Answers
CS Professional
Corporate Restructuring, Insolvency, Liquidation & Winding-up
PYQS Series
December 2021
32 Questions Indexed
ICSI Examination Archive & Suggested Answers: This directory contains indexed questions from the paper for CS Professional Corporate Restructuring, Insolvency, Liquidation & Winding-up 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
- The parties intending to file a notice with the Competition Commission prior to filing of the notice to a proposed combination in terms of Regulation 5 of Combinations Regulations
- 'Divestiture is normally used to mobilize resources for core business or businesses of the company by realizing value of non-core business assets'. Explain the statement with reaso
- Mega Motors Ltd., a car manufacturing Company proposes to takeover AXL Automotives, a component manufacturer. As a professional expert, come out with the objects Mega Motors Ltd. m
- Can any acquirer proceed to voluntarily delist the company post acquisition ? If your answer is affirmative, state the Rules and Regulations applicable to such action along with ma
- Max Ltd. proposes to takeover Mini Ltd. The Share capital of Max Ltd. and Mini Ltd. comprises of 15,000 and 10,000 equity shares of ₹10 each and 5000 and 4000 10% preference shares
- When does goodwill arise on amalgamation? Comment on its amortization. How will you estimate the useful life of the goodwill? Differentiate goodwill and capital reserve as per AS-1
- In order to assess the nitty-gritty of the transactions of the takeover and to opt for or opt out of the takeover deal, due diligence is carried out. As a practicing company secret
- From the following information related to Tanu Ltd, find out : (in Lakh) Net tangible assets 300.00 Operational Revenue 560.00 Employment Cost (including onetime payment of ₹20.00
- From the following information related to Tanu Ltd, find out : (in Lakh) Net tangible assets 300.00 Operational Revenue 560.00 Employment Cost (including onetime payment of ₹20.00
- From the following information related to Tanu Ltd, find out : (in Lakh) Net tangible assets 300.00 Operational Revenue 560.00 Employment Cost (including onetime payment of ₹20.00
- Briefly explain the provisions regarding accounting treatment in the books of the transferee company on amalgamation where Indian Accounting Standard 103 (Business Combinations of
- From the details given below, find out the Value of Santosh Ltd. an unlisted company: No. of shares issued and paid up of ₹10 each 5,00,000 Current Dividend ₹5 per share Annual Div
- What is deemed dividend under Sec 2(22)(e) of the Income Tax Act, 1961 ? Discuss its taxability.
- When indirect acquisition is treated as direct acquisition as per SEBI (SAST) Regulations, 2011?
- Under what circumstances, the Competition Commission may inquire into the appreciable adverse effect caused or likely to be caused on competition in India ?
- List out the various approaches in practice to find out value of shares of each entity post demerger.
- Discuss Split-ups and Split-offs in corporate restructuring.
- "The Insolvency and Bankruptcy Code, 2016 is one of the biggest economic reforms which provides a uniform and comprehensive insolvency legislation". Enumerate applicability of the
- PL Enterprise, an Operational Creditor to XYZ Ltd., a corporate debtor is in the process of making an application to NCLT for initiating the insolvency resolution process. Advise P
- From the following details, determine the order of priority payment out of the realization of liquidation estate assets: Financial debts owed to unsecured creditors; Wages and any
- "A resolution plan shall provide for the measures, as may be necessary for insolvency resolution of a corporate debtor for maximization of values of its assets." Discuss the measur
- Who are disentitled to make an application to initiate corporate insolvency resolution process under IBC, 2016 ?
- Discuss the jurisdiction of Debt Recovery Tribunal as per section 179 (2) of the IBC, 2016.
- The Tribunal has the powers to remove the provisional liquidator or the Company Liquidator. Mention the grounds where the Tribunal may exercise its powers in this regard.
- What do you mean by 'Excluded Debt'?
- Describe the general duties of a debtor under Fresh Start Process.
- An Asset Reconstruction Company is subject to audit and inspection by Reserve Bank of India (RBI). Elucidate the powers of RBI in this regard under SARFAESI Act, 2002.
- You, acting as a Resolution Professional received a Resolution Plan. How will you satisfy yourself that the plan is in order for submission to the Committee of Creditors ?
- Describe the whole gamut of reliefs that may be granted upon recognition of a foreign proceedings whether main or non-main.
- As a liquidator of a Corporate Debtor, how will you gather information for the purpose of admission & proof of claims and identification of the liquidation estate assets.
- A liquidator is entitled to receive remuneration at 2% on the assets realized, 3% on the amount distributed to Preferential Creditors and 4% on the payment made to Unsecured Credit
- Explain the provisions related to presentation of Annual Status Report by Liquidator during completion of liquidation.
How to Prepare for CS Professional Corporate Restructuring, Insolvency, Liquidation & Winding-up
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