CS Professional Secretarial Audit, Compliance Management and Due Diligence PYQ December 2019: Question Paper and Available Answers
CS Professional
Secretarial Audit, Compliance Management and Due Diligence
PYQS Series
December 2019
30 Questions Indexed
ICSI Examination Archive & Suggested Answers: This directory contains indexed questions from the paper for CS Professional Secretarial Audit, Compliance Management and Due Diligence PYQS (December 2019). Open the source paper and available answers. Older sessions follow the syllabus and statutory provisions applicable to their examination year.
Indexed questions
- Prepare a checklist of documents required for KYC of Proprietorship & Partnership.
- The Chairman of ABC Limited, a listed company, seeks your opinion for framing a policy for preservation of documents to avoid stringent penal provisions for non-compliance of the p
- Who will pre-certify the followings e-forms ? Explain the compliance for certification of followings e-forms by Practicing Professional. (a) GNL-1 (b) DPT-3 (c) MGT-14 (d) AOC 4 (e
- Your client wants to setup Food Processing Unit in the state of Uttarakhand. Describe the details about specific laws applicable to setup Food Processing Unit.
- Zen Pvt. Limited had a paid up share capital of ₹35 crore in the previous year. The Company Secretary advises the Company that it is mandatory to appoint the auditor as per the req
- Describe the difference between C-KYC & E-KYC.
- You have been engaged as a Practicing Company Secretary by XYZ Limited, an unlisted company having a turnover of ₹75 crore, for certification of annual return of the company for th
- Ramesh Kumar has received the certificate of membership as well as certificate of practice from the Institute of Company Secretaries of India on 31st March, 2019 and now he wants t
- Describe Professional Misconduct in relation to members of the ICSI under First Schedule to the Company Secretaries Act, 1980?
- You have been appointed as Company Secretary of XYZ Ltd., a listed company, having diversified business and multi-operational branch offices. On joining your office, you observed t
- XYZ Ltd. is having paid up share capital of ₹10.00 crore as on 31st March, 2019. Whether the company is required to appoint a Company Secretary in the Company ? What would be your
- Your client wants to setup a unit in Pharmaceuticals sector in the state of Telangana. Describe in detail about the specific laws applicable for setting up of a unit in the Pharmac
- Describe differences between Social audit and Takeover audit.
- Explain the due diligence for issue of securities by a Company.
- Is there a need to obtain a Management representation letter from the Auditee Company? Describe.
- What do you mean by an unqualified/unmodified opinion by an auditor?
- What do you understand by a CSR Audit ? Explain its coverage.
- What is Forensic Audit Report? Highlight its major contents.
- What is materiality concept in auditing ? Explain.
- What are the benefits which a practice unit will obtain in undergoing a peer review?
- You are engaged as a retainer in a company for looking after all secretarial compliances. With the advent of introduction of Goods and Services Tax (GST), though the company initia
- What do you mean by Environment Audit ? Prepare a process chart for conducting Environment Audit.
- Draft the 'confidentiality undertaking' and 'arbitration' clauses of a non-disclosure agreement.
- As a Company Secretary, prepare an information chart, to be contained in, for preparing a scheme of amalgamation.
- Define Internal Audit. Describe core principles of Internal Audit.
- What is Audit Trail and why there is a need of creation of Audit Trails?
- Analyse the differences between the following: (a) Fraud and Non-compliance
- Analyse the differences between the following: (b) Ethics and Values.
- What are the penal provisions under the Companies Act, 2013 for giving incorrect Secretarial Audit Report or making false statements therein.
- What are the criteria for suspension of the trading in the shares of the listed entities? Describe.
- Aroma Private Ltd. with paid-up capital of ₹ 60 Lakh is a subsidiary of Ayurvedic Ltd., a public company having a paid-up capital of ₹ 40 crore and turnover of ₹ 35 crore. During a
- One of the Directors of Marksmen Ltd. leaked an insider information in the market for personal profit. A, auditor of the company, in the course of performance of his duties finds o
- List out the check points to be observed by Company Secretary while conducting the Secretarial Audit with regard to Attendance at meetings of the company as per Secretarial Standar
- Aura Ltd. has received a request from Joe, one of the legal representatives of a deceased member James, for transmission of 1000 equity shares. Meanwhile Jennie, the spouse of Jame
- Ray, the Independent Director of a company has brought to the notice of the Board that the company is mandatorily required to file E-Form ACTIVE. As the Company Secretary of the co
- VPS Construction Private Ltd. is working on a project of constructing 80 well equipped hospitals in 10 different cities. For raising capital, the company offered its securities to
- You are appointed as the Secretarial Auditor of Varuna Food Supplier Ltd., a BSE listed company, for conducting Secretarial Audit for the financial year 2018-19. During the audit,
- State the disclosures that need to be annexed to the Report of Board of directors with regard to "Public Deposits" as per the Secretarial Standard-4 (SS-4).
- "Secretarial Audit is to be on the principle of 'Prevention is better than cure' rather than a post mortem exercise and to find faults". Explain.
- List out the check points to be observed by a Company Secretary while conducting the Secretarial Audit with regard to Quorum of the meetings as per Secretarial Standard-1.
- Economic and social factors are recognized and assessed while setting up an industry. State the factors which must be considered in respect of locations to be avoided in setting up
- Twinbirds Inc., a company registered in Mauritius has recently set up a back office at Hyderabad in the State of Telangana, wherein the company provides service to its customers. W
- Prepare a checklist for right issue of shares.
- Royal X Ltd., a listed company, has issued USD 50 Million Indian Depository Receipts (IDRs). Prepare a checklist for equitable treatment to IDR holders as per the Securities and Ex
- Ashu Ltd. and Pragarti PMC Ltd. have entered in to a Joint Venture Agreement (JVA). Pursuant to provisions of JVA, a Joint Venture Company (JVC) shall be incorporated to run the Pr
- Write a note on abuse of dominance under the Competition Act, 2002.
- As a company secretary, state the corporate governance requirements with respect to subsidiary of a listed company under the Securities and Exchange Board of India (Listing Obligat
- Sharma and Verma are the shareholders of Mukta Enterprises Ltd., an unlisted public company, holding 5000 equity shares each. Both the shareholders have their holdings in physical
- Mention the time within which Public Announcement is required to be made to the Stock Exchange under the following circumstances: (i) Disinvestment.
- Mention the time within which Public Announcement is required to be made to the Stock Exchange under the following circumstances: (ii) Acquisition of shares, voting rights or contr
- Mention the time within which Public Announcement is required to be made to the Stock Exchange under the following circumstances: (iii) Agreement to acquire shares or voting rights
- Mention the time within which Public Announcement is required to be made to the Stock Exchange under the following circumstances: (iv) Acquiring shares or voting rights or control
- Mention the time within which Public Announcement is required to be made to the Stock Exchange under the following circumstances: (v) Increase in voting rights pursuant to a buy-ba
- As a company secretary state which companies are to be covered under the defaulter list of the Reserve Bank of India. Also prepare a checklist in this regard.
- State the provisions for registration of charges (created/modified) with the Registrar of Companies under the Companies Act, 2013.
- Write short notes on the following: (i) Scope of legal due diligence.
- Write short notes on the following: (ii) Risks associated with non-compliance of law.
- Write short notes on the following: (iii) Justification for environmental due diligence.
- Prepare a checklist for compliance with terms and conditions set forth by a lending bank at the time of sanctioning a loan.
- Mention description of the following forms required to be filed under the Companies Act, 2013: Form No. DPT-3, Form No. DIR-12, Form No. INC-24
- Greenfield Ltd. has borrowed from Trust Bank by way of Term Loan of ₹ 40 crore for its new hotel project with the consent of the Board. The paid up equity share capital and free re
- What are the benefits of Data Room under due diligence ?
- "The successful merger demands that strategic planners are sensitive to the human issues of the organizations". Discuss and mention the checks that need to be ensured in this regar
How to Prepare for CS Professional Secretarial Audit, Compliance Management and Due Diligence
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