NEW SYLLABUS

437
Roll No. ..................................... : 1 :

Time allowed : 3 hours Maximum marks : 100

Total number of questions : 6 Total number of printed pages : 5

NOTE : Answer ALL Questions.

PART–A

1. (a) Explain with a suitable example, day count convention for Debt Securities issued under

the SEBI (Issue and Listing of Debt Securities) Regulations, 2008.

(5 marks)

(b) Y Ltd. an Indian Company opened irrevocable letter of credit for 6 Million Swedish

Kroner in favour of Z Ltd. for import of two pulsed rectifiers.

Z Ltd. the Swedish Company shipped only one pulsed rectifier but invoiced for two

pulsed rectifiers. Bill of Lading also stated that the packing contains two pulsed rectifiers.

Based on the documents the Indian Bank remitted the amount to the Banker of

Z Ltd. and debited the account of Y Ltd.

Y Ltd. wants to hold the Indian Banker responsible for wrong payment against the

short shipment.

Will Y Ltd. succeed ?

Give your assessment with reasons.

(5 marks)

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: 2 :

(c) You are required to compute Maximum Permissible Bank Borrowings (MPBB) under

three methods of Tandon Committee Norms pertaining to M L Ltd. from the following

data and how you will present it to the Board :

Existing Current Assets Amount in `

Raw materials 8,00,000

Work in progress 80,000

Finished goods 3,60,000

Receivables 2,00,000

Other current assets 40,000 14,80,000

Existing Current Liabilities

Creditors for purchases 4,00,000

Other current liabilities 2,00,000

Bank borrowings 8,00,000 14,00,000

Core current assets are ` 3,80,000.

(5 marks)

Attempt all parts of either Q. No. 2 or Q. No. 2A

2. (a) What do you mean by ECB ? Under what circumstances conversion of ECB’s into

equity is possible ?

(5 marks)

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: 3 :

(b) In the recent past, a listed housing finance company issued MASALA BONDS for

a sum of ` 3,000 crore.

Explain the term MASALA BOND. Is there any advantage of MASALA BONDS

over NORMAL BONDS ?

(5 marks)

(c) What do you mean by Securitisation ? Explain the Securitisation Structure.

(5 marks)

OR (Alternate question to Q. No. 2)

2A. Distinguish between the following :

(i) Bill Discounting and Factoring

(ii) Letter of Guarantee and Bank Guarantee

(iii) Asian Development Bank and International Monetary Fund.

(5 marks each)

3. (a) What is the difference between a Fixed Deposit and Inter-Corporate Deposit ?

In case of default by a company, explain the role of Regulator.

(b) Explain the provisions of the Companies Act, 2013 for Issue of Sweat Equity Shares.

To what extent the Sweat Equity Shares can be issued to an Independent

Director ?

(c) Write a detailed note on Islamic Banking.

(5 marks each)

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: 4 :

4. (a) Discuss the different modes of Euro Issue in detail.

(b) Can an entity, pursue listing of its specified securities without making a public

issue ? Give the exemptions, if any.

(c) Commercial Paper is sold at a discount from its face value and redeemed at its

face value. Calculate the pre-tax cost on annualised basis of commercial paper, if

face value is ` 5,00,000, maturity period is 180 days and net amount realized is

` 4,80,000. (Assume 360 days in a year.)

(d) What are the merits and demerits of customer advance ? Explain.

(e) Discuss the various conditions required to be fulfilled for listing of Non-Convertible

Redeemable Preference Shares.

(3 marks each)

PART–B

5. (a) Explain the Regulation 39 of Issuance of Certificates or Receipts for securities and

dealing with unclaimed securities under SEBI Listing Regulations, 2015.

(b) List out the Half Yearly Compliance Calendar for listed entity for SME (Small and

Medium Enterprise) as per SEBI Listing Regulations, 2015.

(c) Write down the criteria to get listed on Singapore Exchange Ltd. (SGX).

(d) “Information dissemination through website assumes significance particularly in respect

of listed companies”.

Discuss and explain the statutory disclosures on company’s website.

(5 marks each)

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: 5 :

Attempt all parts of either Q. No. 6 or Q. No. 6A

6. (a) The provisions of SEBI Listing Regulations, 2015, shall not be applicable to “perpetual
debt instrument” and “perpetual non-cumulative preference shares” listed by Banks.
Comment.
(b) IPO being “once a life time event, mis-calculation of any nature can create a hurdle
for company’s future growth”.
Keeping this in mind list out the important aspects that key Managerial Personnel
shall consider while preparing for an IPO.
(c) What are the documents required to be prepared by the company secretary for listing
approval for Bonus Shares issued by the company for documentation purpose ?
(d) For listing and trading of SME — Initial Public Offer (IPO), what are the documents
to be submitted by the Company Secretary on T+2 days ?
(5 marks each)

OR (Alternate question to Q. No. 6)

6A. (i) Discuss the post issue formalities to be completed by the company secretary for Rights
Issue of equity shares for listing purpose.
(ii) Briefly explain the concept of market segmentation.
(iii) Enumerate the principles governing disclosures for the listed companies.
(iv) PQR successfully completed its Initial Public Offer (IPO). List out the documents to
be submitted on T+2 days for listing.
(5 marks each)
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