CS Professional Secretarial Audit, Compliance Management and Due Diligence PYQ June 2021: Question Paper and Available Answers
CS Professional
Secretarial Audit, Compliance Management and Due Diligence
PYQS Series
June 2021
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 (June 2021). Open the source paper and available answers. Older sessions follow the syllabus and statutory provisions applicable to their examination year.
Indexed questions
- Unique Ltd., a start-up company launched in the year 2019, manufactures electric two-wheelers. Jayco, the Company Secretary was discussing the corporate compliance framework of the
- Odee Ltd., a listed company has appointed two independent directors. As part of its familiarization policy it provides key updates and background about the company to the newly app
- Some financial institutions require a Report by the Company Secretary in practice on certain additional points relevant and important for them for cross verification of documents f
- Vijay is the Company Secretary of Gemmy Ltd. which is having an annual turnover of ₹500 crore for last three financial years. As part of annual certifications, he asked Mohan, a Pr
- The Board of directors of Bee & Bee Ltd. was of the view that as the company was diversifying its operations, it should evaluate digitizing the books of accounts and other records.
- A to Z & Co. of qualified Company Secretaries is a recently set up professional firm. Tej, the Managing Partner wants to understand the criteria to be adopted by a professional as
- Axe Ltd., a company providing information technology and enabled services, had raised ₹1,200 crore through public issue of its equity shares and was listed on BSE and NSE. The comp
- Indian media and entertainment sector comprises mainly of film industry, animation industry and TV channels. Name any ten specific laws applicable to media and entertainment sector
- Shekh & Co. LLP, a Company Secretaries firm provides various secretarial and related consulting services. Arun has recently started a private equity fund and was looking for target
- The audit of Financial Statements in respect of Spinex Ltd. for the year ended 31st March, 2021 was not completed due to difference of opinion on certain accounting matters between
- IT Ltd. acquired 99% equity shares in Zeb Ltd. on 1st February, 2021. Amongst other compliances the Company Secretary informed the finance team that the consolidated Financial Stat
- Sames Ltd. is a recently listed company. To cater to the growing reporting requirements, the company recruited various professionals across its finance and secretarial team. The Co
- Neha, a Practicing Company Secretary was appointed as the Secretarial Auditor of Nex Ltd. Neha was issued an engagement letter, soon after his appointment. Later, the Management of
- Mega Ltd. has identified Helping Hands, a reputed NGO for executing its CSR activities as an implementation agency. However, one of the directors suggested it would be better if th
- As a Company Secretary, how would you deal with a complaint by the Registrar of Companies (ROC) and the Serious Fraud Investigation Office (SFIO) in a Special Court.
- Define Speculation. How Suspicion is different from Speculation?
- Distinguish between Meta-Ethics and Applied Ethics.
- "To be efficient and effective, the internal auditor must have adequate independence." Comment.
- "A fraud triangle is a tool used in forensic auditing." Elucidate.
- Raj, the Secretarial Auditor of Netcap Ltd. wants to seek external confirmations. Guide Raj about the steps involved in obtaining external confirmations.
- Mehar, a Chartered Accountant was working as a Manager in Finance team of Sita Mining Ltd. Mehar was curious to know about the Secretarial Auditor comments on compliance with appli
- Mayank has recently started as a Company Secretary in Practice. He has got an assignment of internal audit. Advise Mayank about internal audit and its stepwise approach.
- The Board of Directors of Vee Kay Ltd. has received a letter from a whistle blow alleging insider trading by few members amongst the Senior Management. The Board has appointed you
- "A Peer Reviewer has to report under certain guidelines as prescribed by ICSI. The reporting is to done in three different forms". Discuss in brief the statement as given in the gu
- You have made a presentation to the Risk Management Committee of your company about the various risks and the mitigation plans thereof. The committee has asked you to formulate the
- "The audit checklist assists auditors in conducting a thorough, systematic and consistent audit." Briefly highlight the benefits of checklist.
- Gee & Kay Ltd. has appointed Rajshekhar & Co., a Company Secretaries firm as the Secretarial Auditor for the year ended 31st March 2021. The Secretarial Audit of the company for th
- "After the exit meeting and the completion of the audit procedures, the auditor should prepare an executive summary of audit finding". Comment and list out points which should form
- Write a brief note on guidance criteria for verification of compliances under Foreign Exchange Management Act, 1999 and the rules and regulations made thereunder.
- ADN Ltd. an Indian Listed Company in real estate segment has participated in International Competitive Bidding process and successfully selected as L1 bidder for development of Air
- ADN Ltd. an Indian Listed Company in real estate segment has participated in International Competitive Bidding process and successfully selected as L1 bidder for development of Air
- ADN Ltd. an Indian Listed Company in real estate segment has participated in International Competitive Bidding process and successfully selected as L1 bidder for development of Air
- ADN Ltd. an Indian Listed Company in real estate segment has participated in International Competitive Bidding process and successfully selected as L1 bidder for development of Air
- ADN Ltd. an Indian Listed Company in real estate segment has participated in International Competitive Bidding process and successfully selected as L1 bidder for development of Air
- ABC Pvt. Ltd. is a subsidiary company of a XYZ Ltd. having a paid up capital of ₹60 Crore and Turnover of ₹180 crore as per the audited balance sheet as on 31st March, 2021. Referr
- ABC Pvt. Ltd. is a subsidiary company of a XYZ Ltd. having a paid up capital of ₹60 Crore and Turnover of ₹180 crore as per the audited balance sheet as on 31st March, 2021. Referr
- ABC Pvt. Ltd. is a subsidiary company of a XYZ Ltd. having a paid up capital of ₹60 Crore and Turnover of ₹180 crore as per the audited balance sheet as on 31st March, 2021. Referr
- ABC Pvt. Ltd. is a subsidiary company of a XYZ Ltd. having a paid up capital of ₹60 Crore and Turnover of ₹180 crore as per the audited balance sheet as on 31st March, 2021. Referr
- ABC Pvt. Ltd. is a subsidiary company of a XYZ Ltd. having a paid up capital of ₹60 Crore and Turnover of ₹180 crore as per the audited balance sheet as on 31st March, 2021. Referr
- You are appointed as Secretarial Auditor by ESB Ltd, a Listed Company to conduct the secretarial audit for financial year 2020-21. While carrying out the audit, it was found that C
- You are appointed as Secretarial Auditor by ESB Ltd, a Listed Company to conduct the secretarial audit for financial year 2020-21. While carrying out the audit, it was found that C
- You are appointed as Secretarial Auditor by ESB Ltd, a Listed Company to conduct the secretarial audit for financial year 2020-21. While carrying out the audit, it was found that C
- You are appointed as Secretarial Auditor by ESB Ltd, a Listed Company to conduct the secretarial audit for financial year 2020-21. While carrying out the audit, it was found that C
- You are appointed as Secretarial Auditor by ESB Ltd, a Listed Company to conduct the secretarial audit for financial year 2020-21. While carrying out the audit, it was found that C
- R Company Ltd. incorporated on 16th December, 2020. The Company adopted its first financial year as from 16th December, 2020 to 31st March, 2021. The profit and loss account prepar
- R Company Ltd. incorporated on 16th December, 2020. The Company adopted its first financial year as from 16th December, 2020 to 31st March, 2021. The profit and loss account prepar
- Immediately upon conducting the last general meeting held in August, 2020, the Chairman went abroad for medical treatment. Due to non-availability of the Chairman, the minutes of t
- The date of approval of Financial Statements by the Board of Directors of PQR Ltd. is 17th July, 2020 and the date of notice of Annual General Meeting (AGM) is 11th August, 2020. C
- What are the powers vested with Board of Directors under section 179(3) of the Companies Act, 2013? Can any power be delegated to any authority, if so, elucidate.
- Prepare the Checklist as per Secretarial Standard on General Meeting (SS-2) for the following items: 1. Conduct of Voting through Electronic Mode
- Prepare the Checklist as per Secretarial Standard on General Meeting (SS-2) for the following items: 2. Adjournment of Meeting
- Prepare the Checklist as per Secretarial Standard on General Meeting (SS-2) for the following items: 3. Preservation of Minutes and other Records
- Prepare the Checklist as per Secretarial Standard on General Meeting (SS-2) for the following items: 4. Chairman
- Prepare the Checklist as per Secretarial Standard on General Meeting (SS-2) for the following items: 5. Reading of Reports
- List out the check points to be observed by Company Secretary in practice while conducting the Secretarial Audit with regard to issue and redemption of preference share under secti
- LMN Ltd. incorporated with paid-up capital of ₹40 Crore. During the financial year 2019-20, the paid-up capital was increased by ₹30 Crore. The Company Secretary advised that Compa
- MNF Software Ltd. entered into a Non-Disclosure Agreement with RST Broadcast Ltd. As per the agreement, MNF Software Ltd. requires to maintain the software for media publishing. MN
- As on 31.03.2021, the composition of Board of Management of Happy Hotels Ltd., an unlisted Public company comprising of 8 members is as under: SN Name Designation 1 A Executive Cha
- V Ltd and A Ltd. both dealing in drugs and chemicals have entered into an agreement to jointly promote the sale of their products. A complaint has been received by the Competition
- Why the Data Room is required? What type of information is maintained in the Data Room?
- Subir is a newly startup and set up a factory recently in Greater Noida which is causing air pollution by releasing fly ash and discharging steam. This cumulatively caused inconven
- Effective compliance program should have ability to monitor audit compliance in a 'real time manner'. To facilitate this, explain the role of Information Technology in compliance m
- Bank of STV is contemplating to infuse the capital to meet the requirement of the BASEL Norms. In this context, bank is proposing to issue additional equity shares of ₹10,000 crore
- Bank of STV is contemplating to infuse the capital to meet the requirement of the BASEL Norms. In this context, bank is proposing to issue additional equity shares of ₹10,000 crore
- Bank of STV is contemplating to infuse the capital to meet the requirement of the BASEL Norms. In this context, bank is proposing to issue additional equity shares of ₹10,000 crore
- Fact of the case is as under: LDF launched a Group Housing Complex (The Belaire) in Gurgaon, planned to construct 5 multistoried residential buildings. It was alleged that various
- You are Company Secretary of D3-D Productions Ltd. The Managing Director requires you to prepare a note on the various obligations of the Company as the company has made Public Ann
- Under what circumstances, the Secretarial Auditor will report that there is diversion of the Fund.
- Prepare a List of Foreign Currency Exposures with Source for verification on the following points: 1. Advance payments received against exports (exports not taken place)
- Prepare a List of Foreign Currency Exposures with Source for verification on the following points: 2. Loans extended in Foreign Currency
- Prepare a List of Foreign Currency Exposures with Source for verification on the following points: 3. Interest Rate Swaps and Forward Rate Agreements
- Prepare a List of Foreign Currency Exposures with Source for verification on the following points: 4. Foreign Currency Convertible Bond (FCCB)
- Prepare a List of Foreign Currency Exposures with Source for verification on the following points: 5. Post shipment credit in Foreign Currency.
- Write the short notes on the following: Inspection of Register of Charges.
- Write the short notes on the following: Exemption available for securities listed at SME exchange.
- Write the short notes on the following: Risk Management Committee in case of listed entity.
- Distinguish between the following: Relevant Geographic Market and Relevant Product Market.
- Distinguish between the following: ISO 14001:2015 and ISO 14004:2016 on environmental management systems.
- 'The successful merger demands that strategic planners are sensitive to the human issues of the organizations'. For this purpose, as a Practicing Company Secretary outline the diff
- You as a practising Company Secretary has been approached by Popular Bank to carry out due diligence regarding the loan of ₹50 crore to be given to Weak Ltd. How would you find tha
- A company "issuer" was in the process of making an offer to Right Issue of the specified securities. All the process was completed and the arrangement was complete. Ms. Madhu, a di
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