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    Company Secretarial Practice: Part-A

    Uploaded by

    meetwithsanjay
    This document contains a practice test for Company Secretarial Practice. It has 8 questions covering topics like derivatives, mutual funds, buybacks, venture capital, and corporate governance. The test has two parts, with Part A containing short answer and multiple choice questions, and Part B containing longer answer questions requiring explanations. The document provides guidance for a 3 hour exam worth a total of 100 marks.

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    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd

    Company Secretarial Practice: Part-A

    Uploaded by

    meetwithsanjay
    27 views4 pages
    This document contains a practice test for Company Secretarial Practice. It has 8 questions covering topics like derivatives, mutual funds, buybacks, venture capital, and corporate governance. The test has two parts, with Part A containing short answer and multiple choice questions, and Part B containing longer answer questions requiring explanations. The document provides guidance for a 3 hour exam worth a total of 100 marks.

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    266

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    This document contains a practice test for Company Secretarial Practice. It has 8 questions covering topics like derivatives, mutual funds, buybacks, venture capital, and corporate governance. The test has two parts, with Part A containing short answer and multiple choice questions, and Part B containing longer answer questions requiring explanations. The document provides guidance for a 3 hour exam worth a total of 100 marks.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    27 views4 pages

    Company Secretarial Practice: Part-A

    Uploaded by

    meetwithsanjay
    This document contains a practice test for Company Secretarial Practice. It has 8 questions covering topics like derivatives, mutual funds, buybacks, venture capital, and corporate governance. The test has two parts, with Part A containing short answer and multiple choice questions, and Part B containing longer answer questions requiring explanations. The document provides guidance for a 3 hour exam worth a total of 100 marks.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 4

    Company Secretarial Practice

    : 1 :
    266
    Roll No..........................

    Time allowed : 3 hours Maximum marks : 100

    Total number of questions : 8 Total number of printed pages : 4

    PART—A
    (Answer Question No.1 which is compulsory
    and any three of the rest from this part.)

    1. (a) State, with reasons in brief, whether the following statements are true or false :
    (i) ‘Derivatives’ are contracts which do not derive their value from any assets.
    (ii) Trustees are required to disclose the basis of calculation of repurchase price
    and NAV of various schemes of mutual fund.
    (iii) Participatory notes are derivative instruments.
    (iv) ‘Underwriter’ means a person who engages in the business of selling of an
    issue of securities of a body corporate.
    (v) The collective investment management company is not permitted to launch
    any scheme for the purpose of investing in securities.
    (2 marks each)
    (b) Choose the most appropriate answer from the given options in respect of the
    following :
    (i) A company cannot buy-back the securities from —
    (a) Free reserves
    (b) Securities premium account
    (c) Borrowed money
    (d) Proceeds of fresh issue.
    (ii) Duration of future contract on NSE is —
    (a) One month
    (b) Two months
    (c) Three months
    (d) Six months.
    (iii) Certificate of deposits are issued in the form of —
    (a) Bill of exchange
    (b) Usance bill of exchange
    (c) Usance promissory notes
    (d) Term deposit.

    1/2009/SLC (NS) P. T. O.
    266 : 2 :

    (iv) Venture capital funds are regulated by —


    (a) RBI
    (b) SEBI
    (c) Stock exchange
    (d) Ministry of Corporate Affairs.
    (v) FCCBs are unsecured and carry interest at —
    (a) Variable rate
    (b) Fixed rate
    (c) Floating rate
    (d) Not determined.
    (1 mark each)

    2. (a) Distinguish between any two of the following :


    (i) ‘French auction’ and ‘Dutch auction’.
    (ii) ‘Cut off yield’ and ‘cut off price’.
    (iii) ‘Initial margin’ and ‘maintenance margin’.
    (4 marks each)
    (b) “Certain securities are not available to a company for buy-back.” Explain.
    (4 marks)
    (c) Expand the following :
    (i) F C C B
    (ii) CIS
    (iii) SPN.
    (1 mark each)

    3. (a) Write short notes on any four of the following :


    (i) Dual option warrants
    (ii) Securities Appellate Tribunal
    (iii) Escrow account
    (iv) Hybrid instrument
    (v) Exchange traded fund.
    (2 marks each)
    (b) Explain the procedure for grant of registration certificate to venture capital fund
    by SEBI and effect of refusal to grant the certificate.
    (4 marks)
    (c) Explain the term ‘demat’. State the benefits of demat securities.
    (3 marks)

    1/2009/SLC (NS) Contd...


    : 3 :
    266
    4. (a) What action lies against SEBI registered intermediaries in case of default/violation
    under the SEBI Act, 1992 ?
    (4 marks)
    (b) Briefly discuss the guidelines for issue of commercial paper.
    (4 marks)
    (c) “Corporate Governance is the application of best management practices.” Comment.
    (4 marks)
    (d) Explain the following credit rating symbols —
    (i) E R 1 A
    (ii) E R 1 C
    (iii) M1.
    (1 mark each)

    5. (a) Explain the following terms related to capital market :


    (i) Incubators
    (ii) Angel investors
    (iii) Private equity players.
    (2 marks each)
    (b) Ajay purchases 8.4% Government of India Bond, 2018 of face value of Rs.20 lakh
    @ Rs.102.50 for every unit of security having face value of Rs.100. The settlement
    is due on 13th October, 2009. What is the amount to be paid by Ajay ? (Assuming
    that interest is payable on 13th May and 13th November every year.)
    (5 marks)
    (c) Discuss the regulatory framework governing primary market intermediaries.
    (4 marks)
    PART—B
    (Answer ANY TWO questions from this part.)

    6. (a) What is Indian Depository Receipt (IDR) ? What are eligibility criteria for issue
    of IDRs ?
    (5 marks)
    (b) What is ‘price stabilization fund’ ?
    (5 marks)
    (c) Write a note on ‘due diligence’ in the process of public issue of securities.
    (5 marks)
    (d) State the powers and functions of the ‘Ombudsman’ under the SEBI (Ombudsman)
    Regulations, 2003.
    (5 marks)
    1/2009/SLC (NS) P. T. O.
    266 : 4 :

    7. (a) What do you understand by ‘offering circular’ for Euro-issue ? Mention any five
    aspects which should be covered in the offering circular.
    (5 marks)
    (b) What are the disclosures in the Directors’ Report as per the SEBI (Employee
    Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999 ?
    (5 marks)
    (c) Explain the procedure of bidding in book building issue.
    (5 marks)
    (d) Discuss the approvals required from various authorities in issuance of GDRs and
    FCCBs.
    (5 marks)

    8. (a) “SEBI expects the investors to make investments with their eyes and ears open.”
    Comment.
    (5 marks)
    (b) Discuss the end use of external commercial borrowings under approval route.
    (5 marks)
    (c) Discuss the various formalities to be complied with for the issue of bonus shares
    under the SEBI (Disclosure and Investor Protection) Guidelines, 2000.
    (10 marks)

    ——o——

    1/2009/SLC (NS) Contd...

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