Paper 1 Company Secretarial Practice...Q&A-1.2 Syllabus Paper 1 (100 marks) Company Secretarial...

Q&A-1.1

Paper 1 Company Secretarial Practice

Syllabus . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Q&A-1.2

Bird's-Eye View . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Q&A-1.5

Line Chart Showing Relative Importance of Chapters . . . . . . . . . . . . . Q&A-1.9

Table Showing Importance of Chapter on the Basis of Marks . . . . . . . Q&A-1.10

Table Showing Importance of Chapter on the Basis

of Marks of Compulsory Questions . . . . . . . . . . . . . . . . . . . . . . . . . . . . Q&A-1.12

Legends for the Graphs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Q&A-1.14

Study Material Based Contents

1. Study (I) E-Governance of Company Law (MCA-21) . . . . . . . . . . Q&A-1.15

2. Study (II) Company Formation and Conversion . . . . . . . . . . . . . . Q&A-1.22

3. Study (III) Alterations in the Memorandum and Articles of

Association . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Q&A-1.47

4. Study (IV) Issues of Securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . Q&A-1.78

5. Study (V) Allotment of Securities . . . . . . . . . . . . . . . . . . . . . . . . . . Q&A-1.109

6. Study (VI) Issue and Redemption of Debentures . . . . . . . . . . . . . . Q&A-1.117

7. Study (VII) Membership and Transfer/Transmission of Shares . . . Q&A-1.126

8. Study (VIII) Directors and Managers . . . . . . . . . . . . . . . . . . . . . . . . Q&A-1.144

9. Study (IX) Company Secretary . . . . . . . . . . . . . . . . . . . . . . . . . . . . Q&A-1.191

10. Study (X) Auditors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Q&A-1.202

11. Study (XI) Decision-Making Forums and Meeting . . . . . . . . . . . . . Q&A-1.214

12. Study (XII) Preparation & Presentation of Reports . . . . . . . . . . . . . Q&A-1.276

13. Study (XIII) Distribution of Profit . . . . . . . . . . . . . . . . . . . . . . . . . . . . Q&A-1.304

14. Study (XIV) Charges . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Q&A-1.320

15. Study (XV) Inter-Corporate Loans, Investments, Guarantees

and Security . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Q&A-1.331

16. Study (XVI) Filling and Filing of Returns and Documents . . . . . . . . Q&A-1.341

17. Study (XVII) Striking off Names of Companies . . . . . . . . . . . . . . . . . Q&A-1.349

18. Study(XVIII) Best Practices . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Q&A-1.353

19. Study (XIX) Insider Trading . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Q&A-1.360

20. Study (XX) Global Developments in Company Law . . . . . . . . . . . . Q&A-1.373

21. Objective Questions . . . . . . . . . . . . . . . . . . . . . . . . . . . . Q&A-1.382

Question Paper of December, 2011 . . . . . . . . . . . . . . . Q&A-1.402

Question Paper of June, 2012 . . . . . . . . . . . . . . . . . . . . Q&A-1.405

Question Paper of December, 2012 . . . . . . . . . . . . . . . Q&A-1.409

Question Paper of June, 2013 . . . . . . . . . . . . . . . . . . . . Q&A-1.412

Q&A-1.2

SyllabusPaper 1 (100 marks)

Company Secretarial Practice

Level of knowledge : Expert knowledge.

Objective : To provide an in-depth understanding of the procedures under the

Companies Act, Rules and Regulations made thereunder including understanding

of international dimensions of company law.

Detailed contents :

1. E-governance (MCA – 21)

Important Features of MCA-21 – CIN, DIN, DSC, CFC, SRN, etc; E-forms and

on-line filing and inspection of documents.

2. Company Formation and Conversion

Choice of form of business entity; conversion/ re-conversion of one form of

business entity into another. Procedure for incorporation of private/public

companies, companies limited by guarantee and unlimited companies and their

conversions/re- conversion/re- registration; obtaining certificate of

commencement of business; obtaining certification of re-registration;

commencement of new business and certification; filing of agreements with

managerial personnel; Formation of associations not for profit and non profit

companies; procedure relating to foreign companies carrying on business in

India.

3. Alteration of Memorandum and Articles

Procedure for alteration of various clauses of memorandum: name clause,

situation of registered office clause, objects clause, capital clause and liability

clause; procedure for alteration of articles; effect of alteration.

4. Issue and Allotment of Securities

Procedure for public issue, rights issue and bonus shares; procedure for issue

of securities at par/premium/discount; procedure for calls on shares; Issue of

sweat equity shares, employees stock option scheme, shares with differential

voting rights; issue and redemption of preference shares; issue of shares on

preferential basis/private placement.

5. Return of allotment and effect of irregular allotment; issue of certificates;

alteration of share capital; procedure for forfeiture of shares and re-issue of

forfeited shares; cancellation of shares; surrender of shares; conversion and

re-conversion of shares into stock.

Q&A-1.3

6. Procedure for issue of debentures including creation of security and debenture

redemption reserve; drafting of debenture trust deed; conversion of and

redemption of debentures.

7. Membership and Transfer/Transmission

Procedure for induction of members; nomination of shares; variation of

shareholders’ rights; cessation of membership including dispute resolution.

Transfer/transmission/ transposition; dematerialization/ rematerialisation of

securities.

8. Directors and Managerial Personnel

Procedure for appointment, reappointment, resignation, removal and varying

terms of appointment/ re-appointment of directors and managerial personnel.

Procedure for payment of remuneration to directors and managerial personnel

and disclosures thereof; compensation for loss of office; waiver of recovery of

remuneration; directors and officers liability insurance.

Procedure for making loans to directors, disclosure of interest by a

director, holding of office or place of profit by a director/relative, etc. of a

director.

9. Company Secretary – Appointment, resignation and removal of Company

Secretary; role of the Company Secretary; functions and duties; relationship

with chairman and directors; secretary as advisor to the chairman and the

board. Company Secretary in Practice – Functions ; procedure for

appointment, resignation and removal of company secretary in practice.

10. Auditors

Procedure for appointment/reappointment, resignation and removal of statutory

auditors and branch auditors; appointment of cost auditors; special auditors;

CAG audit.

11. Decision-making Forums and Meetings

Collective decision making forums - authority, accountability, delegation and

responsibility. Board Meetings - Convening and management of Board and

Committee Meetings. General Meetings - convening and management of

statutory meeting, annual and extra-ordinary general meetings, class meetings;

preparation of notices and agenda papers. Procedure for passing of resolutions

by postal ballot, conducting a poll and adjournment of a meeting. Post-meeting

formalities including preparation of minutes and dissemination of information

and decisions including filing thereof.

12. Preparation & Presentation of Reports

Preparation of financial statements, auditors’ report, directors’ report and report

on corporate governance.

Q&A-1.4

13. Distribution of Profit

Procedure for ascertainment of divisible profits and declaration of dividend;

payment of dividend; claiming of unclaimed/unpaid dividend; transfer of

unpaid/unclaimed dividend to Investor Education and Protection Fund.

14. Charges

Procedure for creation/modification/satisfaction of charges and registration

thereof; register of charges; inspection of charges.

15. Inter-corporate Loans, Investments, Guarantees and Security

Procedure for making inter-corporate loans, investments, giving of guarantees

and providing of security.

16. Filling and Filing of Returns and Documents, etc.

Procedure for filling and filing of returns and documents :

(a) Annual filing, i.e., annual accounts, compliance certificate, annual return,

etc.

(b) Event based filing.

17. Striking off Names of Companies – Law and Procedure.

Company Important Provisions of Law on Striking off : Effect of restration.

18. Best Practices - Secretarial Standards

Concept, scope and advantages; Secretarial Standards issued by the ICSI;

Compliance of secretarial standards for good governance.

19. Insider Trading

Concept and rationale behind prohibition of insider trading; SEBI’s Insider

Trading Regulations; major actions taken by SEBI so far; Role of Company

Secretary in compliance requirements.

20. Global Developments in Company Law

Contemporary developments, distinguishing and evolving features of company

law in other jurisdictions.

Q&A-1.5

Bird's-Eye View

Paper 1

Company Secretarial Practice

Question Paper Based Contents of Last Five Examinations

Years Q. No. Chapter Page

No.No. Name

2011

June

1. (i)

(ii)

(iii)

(iv)

(v)

(vi)

2.(a)(i)

(ii)

(b)

(c)

3. (a)

(b)

(c)

4. (a)

(b)

(c)

5. (a)

(b)

6. (a)

(b)

(c)

7. (a)

(b)

(c)

(d)

8. (i)

(ii)

(iii)

(iv)

(v)

3

6

5

8

8

3

11

8

21

21

21

11

20

12

18

19

16

4

11

4

12

8

12

11

20

1

12

11

19

11

Alterations in the Memorandum and Articles of Association

Issue and Redemption of Debentures

Allotment of Securities

Directors and Managers

" " "


Decision Making Forums and Meetings


Objective Questions

" " "

" " "

Decision Making Forums and Meeting

Global Developments in Company Law

Preparation & Presentation of Reports

Best Practices

Insider Trading

Filling and Filing of Returns and Documents

Issues of Securities








E-Governance of Company Law (MCA-21)



Insider Trading


69

123

112

167

167

69

249

168

393

393

394

249

378

301

358

367

346

99

251

99

291

187

302

251

379

18

278

215

360

215

Q&A-1.6

2011

Dec.

1. (i)

(ii)

(iii)

(iv)

(v)

(vi)

2. (i)

(ii)

(iii)

(iv)

(v)

3. (a)

(b)

(c)

4. (a)

(b)

(c)

(d)

5. (a)

(b)

(c)

6. (a)

(b)

(c)

7. (a)

(b)

(c)

8. (a)

(b)

(c)

8

17

12

8

9

2

5

1

3

12

2

8

16

21

9

11

21

21

11

3

18

15

11

20

4

1

2

11

19

12


Striking off Names of Companies



Company Secretary

Company Formation and Conversion

Allotment of Securities






Filling and Filing of Returns and Documents

Objective Questions

Company Secretary


Objective Questions

" "



Best Practices

Inter-Corporate Loans, Investments, Guarantees

and Security







Insider Trading


168

350

292

168

198

42

112

19

70

292

42

188

346

394

200

252

395

396

252

70

358

339

253

379

100

20

43

253

367

302

2012

June

1. (i)

(ii)

(iii)

(iv)

(v)

2. (i)

(ii)

(iii)

(iv)

13

7

7

11

8

11

8

7

10

Distribution of Profit

Membership and Transfer/Transmission of Shares

" " "






Auditors

313

138

138

254

169

215

148

128

203

Q&A-1.7

(v)

3.(a)(i)

(ii)

(b)

(c)

4. (a)

(b)

(c)(i)

(ii)

5. (a)

(b)

(c)

(d)

6. (a)

(b)

(c)

7. (a)

(b)

8. (a)

(b)

(c)

2

12

12

21

21

2

21

2

4

12

7

7

8

8

8

11

20

20

17

8

3



" " " “

Objective Questions

" "


Objective Questions







" " "

" " "



" " "




25

293

293

396

397

44

397

44

100

293

139

143

169

189

189

254

379

380

351

169

76

2012Dec.

1. (i)

(ii)(iii)(iv)(v)

2. (a)(b)

(c)(i)(ii)(iii)

3. (a)(b)

4. (i)(ii)(iii)(iv)

5. (a)(b)(c)

15

74

117

21161112132111

8153

1919

9

Inter-Corporate Loans, Investments, Guaranteesand SecurityMembership and Transfer/Transmission of SharesIssues of SecuritiesDecision Making Forums and MeetingMembership and Transfer/Transmission of SharesObjective QuestionsFilling and Filing of Returns and DocumentsDecision Making Forums and MeetingPreparation & Presentation of ReportsDistribution of ProfitObjective QuestionsDecision Making Forums and MeetingDirectors and ManagersE-Governance of Company Law (MCA-21)Allotment of SecuritiesAlterations in the Memorandum and Articles of AssociationInsider Trading" " " Company Secretary

339140100274140398347216278306399255170

20113

70368368199

Q&A-1.8

6. (a)(b)(c)(d)

7. (a)(b)

(c)(i)(ii)

8. (a)(b)(c)(d)

161817122011

88

11141113

Filling and Filing of Returns and DocumentsBest PracticesStriking off Names of CompaniesPreparation & Presentation of ReportsGlobal Developments in Company LawDecision Making Forums and MeetingDirectors and Managers" " "Decision Making Forums and MeetingChargesDecision Making Forums and MeetingDistribution of Profit

347359351294381255171171255329256313

2013

June

1. (i)

(ii)

(iii)

(iv)

(v)

2. (a)

(b)

3. (a)

(b)

(c)

4. (a)

(b)

(c)

5. (a)

(b)

(c)

6. (a)

(b)

(c)

7. (a)

(b)

(c)

8. (i)

(ii)

(iii)

(iv)

(v)

3

4

3

3

9

21

11

21

21

7

17

1

1

8

14

3

19

8

13

20

10

18

2

7

9

13

19




" " "

Company Secretary

Objective Questions


Objective Questions

" " "




" " "


Charges


Insider Trading




Auditors

Best Practices



Company Secretary


Insider Trading

70

100

70

71

199

400

257

400

401

141

352

21

21

171

330

76

372

172

313

381

213

359

23

127

192

306

361

Q&A-1.9

Line Chart Page

Q&A-1.14

Legends for the GraphsS

ho

rt N

ote

s

Dis

tin

gu

ish

Be

twe

en

De

sc

rip

tiv

e

Pra

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Solved Scanner CS ProfessionalProgramme Company Secretarial

Practice Paper 1 by Dr.Arun Kumar,CS DrHimanshu Srivastava Dec-2013

Publisher : Shuchita Prakashan ISBN : 9789350345993 Author : Dr. Arun Kumar, CSDr. Himanshu Srivastava

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