CS Professional Corporate Restructuring, Insolvency, Liquidation & Winding-up PYQ June 2021: Question Paper and Available Answers

CS Professional Corporate Restructuring, Insolvency, Liquidation & Winding-up PYQS Series June 2021 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 2021). Open the source paper and available answers. Older sessions follow the syllabus and statutory provisions applicable to their examination year.

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Indexed questions

ABCD Manufacturing and Exporting Ltd desires to use Masala Bonds for further Augmentation of funds. Would you guide the Company as to the concept and exceptions that bars raising f
Perform Transformers Ltd is a listed company that contemplates taking over another Listed company. Could you suggest the legislations/regulations need to be looked into indicating
Could you explain with certain citations indicating exceptions to the Majority Rule Held in Foss Vs Harbottle (1843) 2 Hare 461 (Ch.)?
"Safeguarding the interest of creditors is considered while sanctioning reduction of capital under Section 66 of the Companies Act, 2013". Comment and analyse briefly.
"Documentation in a proper manner is the steppingstone and an important aspect in fulfilment of legal requirements and obligations in mergers and amalgamations" - analyse the state
"Profitability of any business is sensitive to several factors that prompts the analyst to prepare Sensitivity Analysis to help in Management decisions." Comment.
There are certain departures in accounting aspects dealing with amalgamations or mergers as per IFRS 3 in comparison to IND AS 103. Enlist such variations briefly.
"In case any combination is to be notified for ex post facto approval, it would defeat the very intendment of the provisions of the Competition Act, 2002 yet there are exemptions f
MNP Ltd is a listed company and is in the process of merging SQW Ltd, not being a listed company. The management of MNP Ltd desires your suggestions and process in getting the No o
The valuation of NETWORKS LTD. was done by an investment Analyst. Based on an expected free cash flow of ₹54 million for the following year and an expected growth rate of 9%, the a
Procedure as per Civil Procedure Code, 1908 need not be followed while trying Petitions, applications or appeals by National Company Law Tribunal (NCLT) and National Company Law Ap
Discuss the tax aspects on 'slump sale' and 'demerged company'.
Explain issue of Sweat Equity shares and its valuation.
Explain Competition Test (AAEC).
HIJ Entertainment LLP desires to amalgamate as transferor with LMN Exhibitors Ltd. Is it permissible ?
'Insolvency and Bankruptcy Code, 2016 cast upon certain obligations on Information Utilities' – Justify with your views.
"Initiation of Corporate Insolvency Resolution Process puts brake on any other legal Proceedings against Corporate Debtor (CD) undergoing CIRP during the process." Offer your views
"An Information Memorandum in respect of affairs of the Corporate Debtor undergoing Corporate Insolvency Resolution Process is to be prepared in such a manner that incites the Reso
"Debt restructuring involves a reduction of debt and an extension of payment terms or change in terms and conditions" - analyse the statement indicating that any Resolution plan ne
XY Tractors Ltd is undergoing Corporate Insolvency Resolution Process. The Corporate Debtor does not have any financial creditors. Help the Interim Resolution Professional in const
YM Auto Ltd sends expression of interest as a Resolution Applicant and has been shortlisted by the Resolution Professional. Now YM Auto Ltd writes to Resolution Professional to pro
"A discharge order in case of individual or firm insolvency permits the debtor to start business afresh having freed from the qualifying debts of the insolvent past". Explain brief
"Any modification suggested by creditors need consent of the debtor in respect of Repayment plan in case of individual or firm insolvency". Comment briefly on the statement narrati
"The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act) has a provision for Right to Caveat". Explain briefly.
"Initiation of voluntary liquidation at the instance of Members or Creditors of the Corporate person intended to be liquidated but dissolution only subject to the orders of Adjudic
RDX International Ltd is undergoing Corporate Insolvency Resolution Process. The Resolution Professional noticed large chunk of plant and machinery of the company are situate in a
"All the assets that are in possession of the Corporate Debtor undergoing liquidation are to be taken into custody by the Liquidator". Would you analyse the statement?
"Filing of Statement of Affairs by the Directors of the Company on which a prima facie case is felt by the Tribunal, is a pre-requisite to oppose such winding-up Petition pending i
"In terms of Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016 the liquidator can dispose of the assets only through online auction or spot Auction i
"Resolution Plan needs approval of not only the Committee of Creditors but also by the Adjudicating Authority to make it legally binding." Comment the statement briefly detailing t

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