CS Professional Corporate Restructuring, Insolvency, Liquidation & Winding-up PYQ June 2019: Question Paper and Available Answers
CS Professional
Corporate Restructuring, Insolvency, Liquidation & Winding-up
PYQS Series
June 2019
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 (June 2019). Open the source paper and available answers. Older sessions follow the syllabus and statutory provisions applicable to their examination year.
Indexed questions
- XYZ Ltd. is going for reduction of capital, but the Board of directors of the company expects objection from some of the creditors of the company. The Board seeks your opinion as a
- The Board of directors of MNM Ltd., a small company is considering to merge with BRQ Ltd., another small company. The Board wants the merger to be fast and seeks your opinion about
- "Circumstances or reasons that prompt or motivate Management to resort to Corporate Restructuring" - Briefly analyse the phrase giving or citing certain noted mergers or demergers
- Mergers and acquisitions have one common goal of creating synergy that makes the value of the combined companies greater than the sum of the parts - Analyse briefly to focus on the
- GKL Ltd., an Indian company intends to amalgamate with PS International Ltd., a foreign company. Examine the legal provisions that have to be complied with for such an amalgamation
- Whatever may be the degree of complexity and method of satisfaction, valuation is always an estimate - explain citing principles to be kept in mind for valuation.
- "Under Companies Act, 1956 small companies were deterred from entering into mergers owing to the lengthy process and the Companies Act, 2013 provided a solution". Comment.
- Sun Ltd. (listed company) has paid dividend of ₹ 10 per share in the current year. The estimated annual growth rate of the dividend is 5% per annum and share price is ₹ 120. Moon P
- Draft balance sheet of Mentos Ltd. as on 31st March, 2019: Liabilities Amount Assets Amount Share Capital Land & Building 7,500 Equity shares (₹ 10 each) 10,000 Plant & Machinery 3
- Brakes Ltd., a small company manufacturing brakes proposes to merge with Lubricants Ltd., another small company. Registrar of Companies (ROC) objected the scheme on the ground that
- Certain ambiguities are cleared with the notification of Competition Commission of India (Procedure in regard to transactions of business relating to Combinations) Amendment Regula
- Distinguish between merger and an acquisition (any three points).
- Write a short note on Leveraged buyout.
- "Small Companies can only opt for Fast Track Mergers" - Elucidate briefly for identifying small companies.
- "Cross Border Mergers not only bring benefits but also assume risks". - Briefly comment with specific provision under Companies Act, 2013.
- Global Finance Bank Ltd. has extended ₹ 100 crore to GEO Ltd. against mortgage of 50 acre of landed property with building. GEO Ltd. is being liquidated. Global Finance Bank Ltd. s
- Terms "Insolvency" and "Bankruptcy" are synonymous in result but practically refer to different situations and consequences - Briefly explain.
- "Any security interest created in favour of any secured creditor may be enforced, without the intervention of the court or tribunal, by such creditor". Explain the procedure for en
- While adjudication was available for each kind of insolvency and bankruptcy, do you feel the necessity of a single code in the name of Insolvency and Bankruptcy Code, 2016 - Discus
- On or after promulgation of Insolvency and Bankruptcy Code, 2016 only the qualified person can be appointed as a Resolution Professional or a Liquidator of a Corporate Body - Discu
- Debt for Equity swaps can be used as a tool not only for 230-231 of Companies Act, 2013 but for resolution plans formulated under Insolvency and Bankruptcy Code, 2016 - Present you
- Define "bankrupt" under Insolvency and Bankruptcy Code, 2016.
- In a case of Individual Insolvency, creditors resolved to replace the Resolution Professional and approached you for an advice. Offer your views for replacing the Resolution Profes
- Central Government has power to examine the books and papers, financial reports even after sanction of the scheme by National Company Law Tribunal - Elaborate the issue in relation
- A model Law is a legislative text that needs legislative guide to outline the core issues to be incorporated in the substantive law - Discuss the relevance in having Legislative Gu
- A resolution plan has been submitted in respect of the company PQR Ltd. and the resolution plan is yet to be confirmed. The committee of creditors resolved to liquidate PQR Ltd. ap
- "The Insolvency and Bankruptcy Code makes significant changes in the priority of claims for distribution of liquidation proceeds". Comment
- EST Ltd. is aggrieved by the order of National Company Law Tribunal (NCLT) and seeks your advice for further steps in the matter.
- The National Company Law Tribunal (NCLT) has confirmed the reduction of share capital of MGF Ltd. Explain when the reduction of share capital will take place as per the Companies A
- Explain the major amendments introduced in SEBI (Substantial Acquisition of Shares Takeovers) Regulations, 2011 notified on September 21, 2011.
How to Prepare for CS Professional Corporate Restructuring, Insolvency, Liquidation & Winding-up
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