CS Professional Secretarial Audit, Compliance Management and Due Diligence PYQ December 2020: Question Paper and Available Answers
CS Professional
Secretarial Audit, Compliance Management and Due Diligence
PYQS Series
December 2020
29 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 2020). Open the source paper and available answers. Older sessions follow the syllabus and statutory provisions applicable to their examination year.
Indexed questions
- A very pertinent question which arises for consideration is the extent of detailed verification that has to be resorted to before certifying the Annual Return. Being a Company Secr
- Privacy of records and its control is the most important function for the Secretarial Department of an organization. Records of Contracts and Commercial Documents and Trade Secrete
- The continued adoption of web, mobile, cloud and social media technologies by the companies has increased opportunities for attackers for online frauds. Explain various types of on
- Travel and Tourism Industry in India is required to implement various laws. Examine the various laws applicable to such Industry.
- ABC Ltd. is having a paid up capital of ₹1,000 crore and annual turnover of ₹2,500 crore. The company has asked you, as a Company Secretary in Practice, to advise it on preparation
- Jindal Brothers has constituted a Limited Liability Partnership (LLP) under the LLP Act, 2008. There are total 3 partners in the Firm. Jindal Brothers has approached you for mainta
- While preparing the Search and Status Report, it is important for professionals to conduct due diligence of the intellectual property rights, as tremendous worth is associated with
- State the procedure of KYC of directors in Form DIR-3 and mention the consequence of non-compliance in this regard. (KYC stands for 'Know Your Customer' or 'Know Your Client').
- Explain the process of Compliance Risk Mitigation indicating various risks of non-compliance.
- Explain the role of a company secretary in Investor Education and Protection.
- What do you mean by Good Documentation? Give some examples of Good Documentation Practices as well as Poor Documentation Practices.
- Jemez & Co. Ltd. has listed is Securitized Debt Instruments at a stock exchange. One of the directors has asked you, being the compliance officer of the company, to inform the obli
- A series of financial crimes and frauds by some of its employees is alleged by a company. It is desired to gather legally tenable evidence and to fix the negligence and responsibil
- How monitoring and evaluation of effectiveness of the Organisation's Risk Management Process is carried out through internal audit ? Describe.
- Explain compliances specified in the Regulation 24A regarding applicability of secretarial audit under the Securities and Exchange Board of India (Listing Obligations and Disclosur
- Highlight inclusion of Emphasis of Matter (EOM) in an audit report.
- "Working papers should be prepared using the appropriate cross referencing." Justify.
- Explain the term 'conflict of interest' regarding audit engagement as per the Company Secretaries Auditing Standard (CSAS)-1.
- Differentiate Fine and Penalty as per the Companies Act, 2013.
- What do you mean by Ethical Dilemma ?
- Write a note on establishment and functions of Quality Review Board under the Company Secretaries (Amendment) Act, 2006.
- "Audit as a monitoring device is essential in corporate governance also". Substantiate the statement.
- XYZ Limited has 9 directors on its Board. Registered office of the company is situated in Mumbai. 4 directors of the company reside outside Mumbai. The company held 7 board meeting
- Appraisal of management decisions involves a number of steps. Enumerate them.
- Snehal Sansthan a non-profit organization registered under Section 8 of the Companies Act, 2013 is enlisted under the Foreign Contribution (Regulation) Act, 2010 (FCRA) to procure
- Explain the planning stage of peer review process.
- Describe auditing risk and its components.
- State the obligation of the auditor to maintain confidentiality regarding auditee information.
- ABC Limited is a non-compliant listed entity suspended under the Standard Operating Procedure for non-compliances under the Securities and Exchange Board of India (Listing Obligati
- A company has a share capital of 5,00,000 equity shares of ₹10 each, ₹6 paid up per share. It has a balance in the Reserve Fund Account amounting to ₹50,00,000. The company has dec
- A company has a share capital of 5,00,000 equity shares of ₹10 each, ₹6 paid up per share. It has a balance in the Reserve Fund Account amounting to ₹50,00,000. The company has dec
- Y, while conducting secretarial audit of ABC Ltd. has found that one of the employees of the company is diverting the funds of the company to buy goods for this own benefit thereby
- XYZ Ltd. a company wants to shift its registered office from Chennai, Tamil Nadu (ROC, Chennai) to Coimbatore, Tamil Nadu (ROC, Coimbatore) since the company is facing operational
- Benjamin, a foreign investor wants to make investment in India. He is not familiar with the Foreign Direct Investment (FDI) Scheme of India. As a company secretary, advise Benjamin
- Benjamin, a foreign investor wants to make investment in India. He is not familiar with the Foreign Direct Investment (FDI) Scheme of India. As a company secretary, advise Benjamin
- Benjamin, a foreign investor wants to make investment in India. He is not familiar with the Foreign Direct Investment (FDI) Scheme of India. He wants you to prepare the check list
- A company secretary qualifies its report because a company is not maintaining register of proxies. Is he right in doing so?
- What will he check in the Register of proxies as a company secretary?
- Following data was presented by a company ZZ Ltd. covered for the provisions of the Corporate Social Responsibility (CSR) under section 135 of the Company Act, 2013: Financial Year
- Sen holds 8% shares in Z Ltd. B Ltd. holds 5% shares in Z Ltd. Sen holds 60% shares in B Ltd. Whether Sen will be considered as significant beneficiary owner under the Companies Ac
- ABC Technologies Pvt Ltd. is a private company with authorised capital of ₹19,00,00,000 divided into 1,90,00,000 of equity shares of ₹10 each. The issued, subscribed and paid up sh
- Y Ltd. was incorporated in 2012. Earlier, you as a Company Secretary has informed the Board of directors that there is non-compliance in filing ACTIVE form. The Board is now seekin
- Lira India Pvt. Ltd. is a subsidiary of Lira Inc. USA. During the financial year 2018-19, the holding company on behalf of its subsidiary i.e. Lira India Pvt Ltd. had paid directly
- Lira India Pvt. Ltd. is a subsidiary of Lira Inc. USA. During the financial year 2018-19, the holding company on behalf of its subsidiary i.e. Lira India Pvt Ltd. had paid directly
- N Ltd. is an unlisted public company incorporated in India. It issued ₹1 crore Partially Convertible Debenture (PCD) with a face value of ₹100 each. Against the above issue, out of
- N Ltd. is an unlisted public company incorporated in India. It issued ₹1 crore Partially Convertible Debenture (PCD) with a face value of ₹100 each. Against the above issue, out of
- XYZ Ltd. a public unlisted company engaged in business of transportation, is having three layers of subsidiary as on 31st March, 2016. The company secretary advises the Board of di
- What will be the consequences which any company may face for non-fulfilling the provisions under the Companies (Restriction on number of layers) Rules, 2017?
- Define unpublished price sensitive information as per provisions under the Securities Exchange Board of India (SEBI) (Prohibition of Insider Trading) Regulations, 2015.
- Examine whether the following information will be treated as unpublished price sensitive information as per provisions under the Securities Exchange Board of India (SEBI) (Prohibit
- Examine whether the following information will be treated as unpublished price sensitive information as per provisions under the Securities Exchange Board of India (SEBI) (Prohibit
- Examine whether the following information will be treated as unpublished price sensitive information as per provisions under the Securities Exchange Board of India (SEBI) (Prohibit
- MCA-21 offers the facility to view documents and also search and other facilities of public documents online. Explain the procedure for viewing such documents filed by the company
- MCA-21 offers the facility to view documents and also search and other facilities of public documents online. Can we view documents relating to charges on MCA website?
- XX Pvt. Ltd. has entered into an agreement with one of the most reputed car manufacturers of the country. The terms and conditions of an agreement are as follow: (a) Car manufactur
- How an escrow amount is calculated under Regulation 17 of the Securities Exchange Board of India (SEBI) (Substantial Acquisition of Shares and Takeovers) (SAST) Regulations, 2011.
- Comment upon the following citing relevant provisions of the Companies Act, 2013: Shanoo is a whole-time Director of a listed entity and got invitation to join the Board of another
- Comment upon the following citing relevant provisions of the Companies Act, 2013: Shanoo is an independent Director on the Board of X Ltd. X Ltd. had some unfair trade practices un
- Comment upon the following citing relevant provisions of the Companies Act, 2013: As a fall out cited above, Shanoo resigned from the company on 15th June 2019. Board accepted the
- Smith is a Swiss national and also the Managing Director (MD) of Front India Ltd. The said company had obtained loan from consortium of banks to a tune of ₹12,000 crore. There are
- What undertaking should Information Receiving Party make while entering the Non-disclosure Agreement with an organisation where it is ought to conduct due diligence?
- Explain the procedure for investigation of 'Combinations' under Combination Regulations of the Competition Law. Give an illustrative check list on Regulation of Combinations also.
- It is important to conduct "Legal Health Check" of a corporate organisation during certain corporate transactions. Name some of these occasions.
- Is company secretary, a competent professional for carrying-out legal health check of an organisation?
- Write short notes on Cartels.
- Write short notes on Significance of Corporate Compliance Management.
- Write short notes on Check list for Security Offered on the Term Loan.
- Distinguish between Foreign Currency Convertible Bonds (FCCBs) and Global Depository Receipts (GDR).
- Distinguish between Form F-6 and Form 6-K as prescribed under Securities and Exchange Commission (SEC).
- Your company is engaged in the business of sugar manufacturing. You have been instructed by the government to conduct environmental due diligence since the government has apprehens
- Mehra is appointed as the compliance officer of the company. He found box ticking practices are adapted by the organisation. Under which category will this practice fall?
- Write other two categories of compliance in this regard?
- Gopi Ltd. proposes to come out with a public issue of ₹1,200 crore comprising of equity shares of ₹900 crore and convertible debentures of ₹300 crore. Advise the company as a Compa
How to Prepare for CS Professional Secretarial Audit, Compliance Management and Due Diligence
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.