CS Professional Secretarial Audit, Compliance Management and Due Diligence PYQ June 2019: Question Paper and Available Answers
CS Professional
Secretarial Audit, Compliance Management and Due Diligence
PYQS Series
June 2019
32 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 (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. has not filed Annual return for the financial year 2017-18. Write a note on the consequences of non-filing of Annual Return by the company in relation to a Director of the
- "Good Corporate Governance demands compliances level that match the intentions of Legislature, expectations of Stakeholders and requirements of Regulators". Explain.
- Describe the role of a Company Secretary as an Insolvency Professional.
- You are appointed as Compliance Officer in a listed company. An Independent Director asks you to describe the scope of Corporate Compliance. Prepare a brief note.
- How does Enhanced Due Diligence (EDD) in KYC differ from Customer Due Diligence (CDD) in KYC ?
- Explain the procedure for search Report under IPR Laws.
- What are the disadvantages of Electronic records ?
- Explain the compliances under Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) [SEBI (LODR)] Regulations, 2015 relevant to the common obligation
- Z Ltd. seeks your opinion on the role of the various levels of management for compliance ownership. Explain the role.
- You are appointed as Compliance Officer of the company. One of the foreign investor in the company is hesitating to provide personal data during the KYC saying that KYC is a risky
- What is peer review and describe its contents ?
- XYZ Bank Ltd. has sanctioned a term loan for ₹5,000 crore to CXT Ltd. The purpose of the loan is to develop the townships in 5 Smart Cities including Mumbai. The 30% of the loan am
- Differentiate between Audit Plan and Audit Programme.
- Prepare a note on Illustrative checkpoint on the Cyber Security Audit.
- "A Corporate Social Responsibility (CSR) Audit aims at identifying environmental, social or governance risks faced by the organization and evaluating managerial performance in resp
- X & Co. Practicing Company Secretary, was appointed as Secretarial Auditor of a Company. During the audit certain irregularities were found. However, before the finalisation of
- Prepare a note on provisions with respect to punishment under Section 392 of the Companies Act, 2013 for contravention of the provisions by a foreign company.
- If the amount of a fraud detected by a Secretarial Auditor during the course of his work in a company is ₹50 lakh, explain his duties to report.
- What are the guiding criteria for identifying the applicable laws while conducting the Secretarial Audit ?
- A firm of Company Secretaries is to be engaged as professional experts in due diligence process. What are the preconditions of accepting the professional engagement by the firm to
- As a Company Secretary, prepare a note differentiating between concept of Ethics and Values.
- ABC Ltd. has got the licence for setting up of a Rubber enterprise in State of Tamil Nadu. While providing the environmental clearance, Ministry of Environment, Forest and Climate
- During the Secretarial Audit of the Company, auditors found various reports of expert. Some reports comprise technical details about the plant and project including assessment. Wri
- A fraud is punishable offence whereas the non-compliance also attracts the penalties. Differentiate between the two concepts i.e. Fraud and Non-Compliance.
- Internal audit is applicable to every company. Comment.
- FKZ Ltd. is a public limited company carrying business of manufacturing the electric products having a paid up capital of ₹75 crore and turnover of ₹250 crore as per latest audited
- FKZ Ltd. is a public limited company carrying business of manufacturing the electric products having a paid up capital of ₹75 crore and turnover of ₹250 crore as per latest audited
- FKZ Ltd. is a public limited company carrying business of manufacturing the electric products having a paid up capital of ₹75 crore and turnover of ₹250 crore as per latest audited
- FKZ Ltd. is a public limited company carrying business of manufacturing the electric products having a paid up capital of ₹75 crore and turnover of ₹250 crore as per latest audited
- There are various heads under which due diligence of Competition Law can be carried out. Explain.
- Why is there a need of external experts' opinion on various technical matters to auditors ?
- XYZ Ltd. a public limited company appointed R, a practicing professional, as an Internal Auditor of the company. During its audit procedure, he came to know some material informati
- Commercial International Ltd., a listed company, secures an accommodation for the residence of one of its directors by entering into a lease agreement under which the company has t
- XYZ Ltd., an unlisted company, issued partly convertible debentures to the tune of ₹ 500 crore out of which convertible (into equity shares) portion is ₹ 300 crore. Pursuant to Rul
- As per the Foreign Direct Investment (FDI) policy in India, the foreign investor either does not require any approval or should obtain prior approval of the Government of India for
- A Non-Resident Indian X in USA wants to invest in a Central Public Sector Enterprise in India producing uranium. Whether X can do so ?
- The base record for providing corporate benefits to the shareholders of a company is its Register of Members, a Statutory Register. Provide a check list for the verification of the
- The Board of directors of Pace Power Corporation Ltd. has asked you as a Company Secretary of the company to prepare the agenda item for related party transactions as per provision
- XYZ Ltd. attracted by the provisions of Section 135 of the Companies Act, 2013 does not want to spend 2% of its average net profit on CSR activities in pursuance of its CSR policy.
- Sippy Ltd. engaged in setting up of infrastructure projects, proposes to issue secured debentures for a period of 12 years. Referring to the provisions of the Companies Act, 2013,
- Sohan is conducting the Secretarial audit of Geo Ltd. The company could not produce records of minutes/resolutions/registers pertaining to the charges etc. as they were in possessi
- State the limit for issuing of secretarial audit reports by the Secretarial Auditor for the financial year 2018-19.
- The provision of the corporate benefit of Capitalization of profits for issue of bonus shares to the shareholders is a process inviting rigorous vouching by the Secretarial Auditor
- The financial statements of XYZ Ltd., an unlisted company, could not be adopted in its scheduled Annual General Meeting (AGM) for want of some clarifications by the shareholders an
- Aero Ltd. proposes to shift its cement manufacturing unit from location X to another location Y in the same State in the country. As a Company Secretary in Practice, suggest the ba
- Jain Motors Ltd. wishes to raise US $ 400 million through Foreign Currency Convertible Bonds (FCCBs) via public issue from international market in the financial year 2019-20. Advis
- If the company wants to raise the fund via private placement, who can be a party to private placement ?
- The estimated issue related expenses are US $ 35 million, whether it is within the limit to incur ?
- The company wants to mature the FCCBs in 4 years. Is it allowed ?
- What is the requirement relating to furnishing the reports to RBI ?
- Det Ltd. has made a final call of ₹ 5 on the shares of ₹ 10 each on the total allotment of 2,50,000 shares made on 30 th June, 2018. Out of this, 2,15,000 shares have been paid ful
- Sherman Ltd. approached a financial institution for a loan. The financial institution asked you as a Company Secretary in Practice to submit a search report giving the relevant det
- One of the areas of coverage by the Diligence Report to be obtained by banks is the foreign currency exposure of their borrowers. X Bank Ltd. has appointed you, a Practicing Compan
- Brief about the following prescriptions of ISO 14001 Standard relevant to pollution control to the industries : (a) Recovery-Reuse of waste products
- Brief about the following prescriptions of ISO 14001 Standard relevant to pollution control to the industries : (b) Vegetal Cover
- Brief about the following prescriptions of ISO 14001 Standard relevant to pollution control to the industries : (c) Disaster planning
- Brief about the following prescriptions of ISO 14001 Standard relevant to pollution control to the industries : (d) Human Settlements
- Brief about the following prescriptions of ISO 14001 Standard relevant to pollution control to the industries : (e) House-keeping.
- X Ltd. is an unlisted and ₹200 crore networth company having paid up share capital of ₹ 4 crore and turnover of ₹ 90 crore as on 31 st March, 2019. Its networth increased to ₹300 c
- Will your advice differ if X Ltd. is a listed company and other things in point (i) above remain constant ?
- What will be your advice if the increase in the networth was to ₹300 crore in March 2019, other things remain same as per point (i) above?
- Can you indicate any difference in the advice for point (ii) and point (iii) above ?
- Zen Systems Plc. incorporated in Australia wants to raise funds from India through issue of Indian Depository Receipts (IDRs). As a Finance Consultant of the company in India, comm
- Minimum application amount is ₹ ten thousand;
- At least sixty per cent of the IDRs shall be allotted to the qualified institutional buyers;
- At any given time there shall be two denominations of IDR of the issuing company;
- The issuing company is prohibited to issue securities by the regulatory body in Australia;
- The issuing company is not listed in its home country; and
- If the issuing company fails to refund the entire subscription amount within the stipulated period, it is liable to pay the amount with interest @ eighteen per cent per annum for t
- Under Section 230(1) of the Companies Act, 2013, relevant to Compromises, Arrangements and Amalgamations, National Company Law Tribunal (NCLT) has ordered a meeting of creditors of
- 9 creditors of the value of ₹ 70 crore voted in favour of the proposed compromise ?
- 9 creditors of the value of ₹ 76 crore voted in favour of the proposed compromise ?
- You are the Company Secretary of Peeka Ltd., a Small and Medium Enterprise (SME). The Managing Director of your company has asked you to give advice and submit a report on the bene
- Gippy Ltd. has requested you as a Company Secretary in Practice to ascertain financial position of the company as per Para no. 13 of the Diligence Report to be submitted to the ban
- Write short notes on the following : (i) Two-way fungibility of global depository receipts
- Documents to be covered during the legal due diligence of Material Contracts.
- Relevant Market under the Competition Act, 2002.
- Distinguish between the following: (i) 'Bid rigging' and 'Resale Price Maintenance'
- Distinguish between the following: (ii) 'Operational Due Diligence' and 'Financial Due Diligence'.
- Explain the process of Corporate Compliance Reporting.
- Enumerate the important things that one should take cognizance for Pre-diligence and during Due Diligence process from the corporate viewpoint.
- ZM Communication Ltd. and Tele Developer Ltd. are of the view that Zetka Communication Ltd. is abusing its dominant position in the telecom industry. They want to lodge a complaint
How to Prepare for CS Professional Secretarial Audit, Compliance Management and Due Diligence
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