CS Professional Corporate Restructuring, Insolvency, Liquidation & Winding-up PYQ December 2024: Question Paper and Available Answers
CS Professional
Corporate Restructuring, Insolvency, Liquidation & Winding-up
PYQS Series
December 2024
30 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 2024). Open the source paper and available answers. Older sessions follow the syllabus and statutory provisions applicable to their examination year.
Indexed questions
- "Corporate Restructuring is concerned with arranging the business activities of the Corporate as a whole so as to achieve certain pre-determined objectives at corporate level." Com
- "Divestiture is normally used to mobilize resources for core business or businesses of the company by realizing value of non-core business assets". Comment on the statement highlig
- Section 233 of the Companies Act, 2013 outlines a list of conditions which companies proposing to enter into fast-track mergers are required to follow. Mention the conditions.
- Is it possible to retain the same characters of various reserves of transferor Companies amalgamation, mergers or demergers as per Standards of Accounting concepts or conventions ?
- Balance Sheet of XYZ Ltd. as on March 31, 2024 is as follows: Liabilities Amount (₹) Assets Amount (₹) Paid up capital 1,20,000 equity shares of ₹ 10 each 12,00,000 Fixed Assets 36
- "ECBs are commercial loans raised by eligible resident entities from recognised non-resident entities and should conform to parameters such as minimum maturity, permitted and non-p
- "There have been occasions when shareholders holding miniscule shareholdings have made frivolous objections against the restructuring scheme, just with the objective of stalling or
- Explain the term "trigger point" in reference to takeover code. Explain whether the public announcement is required in the following case : The Paid-up Equity Share Capital of A Lt
- "Due diligence is an investigation or audit of a potential investment. It seeks to confirm all material facts in regard to a sale. It is a way of preventing unnecessary harm/ hassl
- "The success of a merger or acquisition depends on whether synergy is achieved. Synergy takes the form of revenue enhancement and cost savings". Give your opinion indicating the be
- Explain "Deemed approval" as per provision of section 31(11) of the Competition Act, 2002.
- Explain the provisions relating to appeal from Orders of Tribunal as per section 421 of the Companies Act, 2013.
- A Ltd. acquires B Ltd., on 1st April, 2024 and discharges consideration for the business as follows: Issued 21,000 fully paid equity shares of ₹ 10 each at par to the equity shareh
- Business Combinations (IND AS-103) applies to a transaction or other event that meets the definition of a business combination." Mention three cases where IND AS-103 does not apply
- Explain the provisions related to combinations under section 5 of the Competition Act involving the Central Public Sector Enterprises (CPSEs) operating in the Oil and Gas Sectors.
- A partnership firm has been set up for objects for rendering professional or financial services etc. It wants to appoint itself as a registered valuer under rule 3 of The Companies
- Explain the term "Insolvency Commencement Date" as defined under section 5(2) of The Insolvency and Bankruptcy Code, 2016. What are the acts prohibited on the insolvency commenceme
- Contracts entered into and in force need to be replaced by fresh contracts after merger or takeovers of entities, pursuant to orders passed by Courts or Tribunals." Do you agree? G
- Explain the concept of 'Qualifying Debt' and 'Excluded Debt' under The Insolvency and Bankruptcy Code, 2016.
- "Resolution Professional may be replaced at any time during the corporate insolvency process by the committee of creditors". Comment.
- "The UNCITRAL Model Law focuses on four elements identified as key to the conduct of cross-border insolvency cases". Explain.
- Mr. S, a company secretary in practice, was last appointed by M/s C Ltd. as secretarial auditor up to March 31, 2022. He now wants to be appointed as a liquidator. Advice and also
- Explain the provisions of continual disclosures under regulation 30 of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011.
- Explain the term "Discovered Price" as defined under regulation 20 of The SEBI (Delisting of Equity Shares) Regulations, 2021.
- "One of the main functions of the committee of creditors (constituted by the Interim Resolution Professional under section 21 of the Code) is the appointment of the Resolution Prof
- A director of a company in CIRP had moved the Hon'ble NCLT, Mumbai Bench, seeking the right to participate in the meetings of the Committee of Creditors (CoC) and access all the do
- What are the duties of resolution professional before initiation of pre-packaged insolvency resolution process ?
- Section 81 of the IBC 2016 provides for the imposition of an interim moratorium. The purpose of the interim moratorium is to provide a conducive environment for the debtor to initi
- Prabhu Polyesters Ltd. is undergoing Corporate Insolvency Resolution Process as per Insolvency and Bankruptcy Code, 2016. Committee of Creditors is constituted. In the mean time, t
- "Debt restructuring involves a reduction of debt and an extension of payment terms or change in terms and conditions." Analyze the statement indicating that any resolution plan nee
How to Prepare for CS Professional Corporate Restructuring, Insolvency, Liquidation & Winding-up
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.