CS Professional Secretarial Audit, Compliance Management and Due Diligence PYQ December 2021: Question Paper and Available Answers
CS Professional
Secretarial Audit, Compliance Management and Due Diligence
PYQS Series
December 2021
31 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 2021). Open the source paper and available answers. Older sessions follow the syllabus and statutory provisions applicable to their examination year.
Indexed questions
- The Compliance Chart of any company must contain the complete information on compliance dashboard. which provide a detailed compliance procedure to the compliance executor. As a Co
- 'R' was appointed as Managing Director of P mart Limited recently. During the meeting of the Board, he desires that all agenda files should be sent by email encrypted by password.
- What are the records to be preserved for a period of 21 years and 5 years under Rules 27 of the Limited Liability Rules, 2009?
- In naming of a document, briefly explain the concept of Descriptive file and Non-Descriptive file.
- During the Secretarial Audit, a Company Secretary in practice has to check the various compliances of the Law. Explain the following compliance requirement relating to the Private
- During the Secretarial Audit, a Company Secretary in practice has to check the various compliances of the Law. Explain the following compliance requirement relating to the Private
- TYRE India Ltd proposed to buy a piece of land on the outskirts of a city to put up their factory. You are appointed as a PCS to prepare a search report for the said property. What
- Softech Services Private Ltd has failed to file its Annual Return for the financial Year 2018-19. Discuss the consequences of non-filing the Annual Return for the Company.
- List out at least five common practices of Diversion of Funds adopted by the companies.
- Amit Krishna, a Company Secretary and Law Graduate by profession, was appointed as Company Secretary cum Compliance offrcer for Radha Raman Ltd (a BSE Listed Company). The Company
- List out the Companies which are required to appoint Internal Auditor under section 138 of the Companies Act 2013 read with Rule 13 of the Companies (Accounts) Rules 2014.
- You are a Company Secretary of a Listed Company, where the prior notice is required to be sent to stock exchange before the Board Meeting. Kindly list out the matters under conside
- Describe the points to be covered in the form MGT-8 and which required to be certifiied.
- The Secretarial Audit lays the groundwork for the establishment of an ongoing Secretarial and Legal Compliances. Being a practicing Company Secretary what would you do while: (i) C
- The Secretarial Audit lays the groundwork for the establishment of an ongoing Secretarial and Legal Compliances. Being a practicing Company Secretary what would you do while: (ii)
- Jain Ram & Co., Practicing Company Secretary, during the secretarial audit, wants to evaluate the function of Internal Audit. Does this come under the function of the Secretarial A
- List the major differences between Cyber Audit and Forensic Audit.
- What do you mean by Audit Sampling?
- Describe the scope of Corporate Governance Audit.
- Define the term 'modified opinion and unmodified opinion' as per Auditing Standard 3-on forming an opinion' (CSAS-3) issued by the ICSI.
- Define what are designated securities for the purpose of Listed entity and Material unlisted subsidiaries as defined by SEBI in LODR Regulation.
- Preapare a checklist on Operational Control under System Audit.
- Differentiate between Fraud Triangle Vs Fraud Risk Vs Fraud Risk assessment.
- Prepare a brief note on Right to Access Records and Methodology for Diligence Reporting.
- What do you understand by reporting with qualification?
- What are the circumstances that calls for the Investigation by Serious Fraud Investigation Office (SFIO).
- You are appointed as a Secretarial Auditor for audit of Group Companies comprising of 20 plus companies. There are numerous transactions between the group companies and lot of Inte
- The methodological approach involved in peer review can be described in four stages. Explain the planning process of the peer review.
- You are appointed as a Company Secretary of Aparana Pvt Ltd. You have to conduct the audit for the flrnancial year 2019-20. Draft the guidelines for verification of Board Compositi
- ABD Limited (listed Company) has failed to redress investors' grievances relating to the Transfer of the share and indulges in fraudulent and unfair trade practices relating to sec
- Whether Intellectual Property Due Diligence can be considered as Technical Due Diligence? Prepare a brief note.
- In the course of Secretarial Audit, you discovered that the shareholders of Rajesh Agro Ltd. removed one director X in the Extra-ordinary General meeting held on 27th February, 201
- You are a practicing Company Secretary, have been awarded an assignment of Secretarial Audit by NMR Ltd. List out the check points to be taken care with regard to 'Register of Cont
- Z, one of the director of Shyam International Ltd. leaked an insider information in the market for personal benefit. Ram, Secretarial auditor of the company, in the course of perfo
- List out the check points to be observed by Company Secretary while conducting Secretarial Audit with regard to quorum in the meetings of the Board of directors under Secretarial S
- You are appointed as the Secretarial Auditor of Shakti Foods Ltd., a NSE listed company for conducting Secretarial Audit for the financial year 2018-19. During the audit you found
- Jain & Jain Company Ltd., a listed company wants to issue shares under Employees Stock Option under the Companies Act, 2013. For that purpose, the company has to pass a special res
- PQR Ltd. wants to declare interim dividend during the financial year 2019-20. The company incurred losses for the first quarter ended 30th June, 2019 of the current year. Can the c
- Comment on the following: A practicing Company Secretary can act as a Registered Valuer under the provisions of the Companies Act, 2013 and other applicable laws for the time being
- Comment on the following: Limits prescribed by ICSI for the issue of Secretarial Audit Report.
- Comment on the following: The Secretarial Auditor is a tenure based appointment.
- The Companies (Restriction of Number of Layers) Rules, 2017 imposes restrictions on number of layers for certain classes of holding companies. Which are the companies exempted from
- Pika Industries Ltd. appointed you as Company Secretary. The company is engaged in the activities covered under FDI. You are requested to list out the prohibited activities/ sector
- You are a Company Secretary in XYZ Ltd. and also the Corporate Compliance officer of the said company. The Chairman of the company directed you to prepare a report on the complianc
- Industries are required to be located, striking a balance between economic and environmental considerations. What are the factors that must be recognized in such a selected site un
- GHI Ltd. wants to acquire RST Ltd., the target company. Prepare a check list to undertake a preliminary study on the target company before taking over.
- As a Company Secretary, what are the corporate governance process to be kept in mind with respect to related party transactions under the Securities and Exchange Board of India (Li
- MNR International Ltd. wants to raise funds through issue of Foreign Currency Convertible Bonds (FCCBs) through automatic route. As a Compliance Officer of the company answer the f
- MNR International Ltd. wants to raise funds through issue of Foreign Currency Convertible Bonds (FCCBs) through automatic route. As a Compliance Officer of the company answer the f
- MNR International Ltd. wants to raise funds through issue of Foreign Currency Convertible Bonds (FCCBs) through automatic route. As a Compliance Officer of the company answer the f
- MNR International Ltd. wants to raise funds through issue of Foreign Currency Convertible Bonds (FCCBs) through automatic route. As a Compliance Officer of the company answer the f
- MNR International Ltd. wants to raise funds through issue of Foreign Currency Convertible Bonds (FCCBs) through automatic route. As a Compliance Officer of the company answer the f
- What are Anti-competitive agreements? What are the various types of Anti-competitive agreements ?
- Pace Power Corporation Ltd. proposed to be amalgamated with Universal Power Ltd., for which a scheme of amalgamation is to be prepared. Detail out the points which should be covere
- What are the possible legal hurdles in carrying out a legal due diligence of the target company and what are the actions to be taken to break the said hurdles in due diligence?
- The All-India Financial Institution while granting term loans to companies insist on certain formalities to be completed by a company availing such loan. These include furnishing o
- As a practicing Company Secretary briefly describe the procedure for conducting the meeting of creditors of the transferor and transferee companies in a merger.
- Define 'SME Exchange'. What are the exemptions available for securities listed at SME Exchange ?
- Write short notes on the following: Two-way fungibility of GDRS;
- Write short notes on the following: Relevant market under Competition Act, 2002;
- Write short notes on the following: Elements of ISO 14001 Standard for Environment.
- The funds borrowed from banks/financial institutions must be used by the company for the purpose for which they were borrowed. Briefly explain the term 'Diversion and siphoning of
- For what purposes the following forms are required to be filed under the Companies Act, 2013: FC-4;
- For what purposes the following forms are required to be filed under the Companies Act, 2013: MBP-3;
- For what purposes the following forms are required to be filed under the Companies Act, 2013: PAS-6.
- Discuss the accounting principles to be used in preparation and disclosure of financial reports under SEBI (LODR) Regulations, 2015 by HDB Bank Ltd., a foreign listed entity, which
- Due diligence exercise these days is carried out through creation of Virtual Data Room in the form of internet site where all the confidential/material business information is stor
- What are the directions placed by the Supreme Court in 'M.C. Mehta Vs. Union of India', AIR 1115, 1988, SCR (2) 530 to the Government to create awareness of environment among peopl
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