This Paper has 48 answerable questions with 0 answered.
| Roll No………… | |
| Time allowed : 3 hours | Maximum marks : 100 |
| Total number of questions : 8 | Total number of printed pages : 3 |
| NOTE : Answer SIX questions including Question No.1 which is compulsory. |
| Marks |
| 1. | Write notes on any four of the following : | 5each | |||||
| (i) | Green shoe option | (0) | |||||
| (ii) | Proportionate allotment | (0) | |||||
| (iii) | Securities audit | (0) | |||||
| (iv) | Index futures | (0) | |||||
| (v) | Private equity fund. | (0) | |||||
| 2. | (a) | Safal Mutual Fund provides the following information related to one of its schemes : Size of the scheme : Rs.2,000 crore. Face value of the units : Rs.10 per unit. Number of outstanding units : 200 crore. Market value of funds– portfolio : Rs.4,200 crore. Receivables : Rs.100 crore. Accrued income : Rs.100 crore. Liabilities : Rs.150 crore. Accrued expenses : Rs.275 crore. You are required to calculate net asset value (NAV) of the scheme and rate of return if a unit holder has purchased units at the NAV of Rs.15 per unit and received a dividend of Rs.2 per unit during the period. | 6 | (0) | |||
| (b) | Expand any four of the following : | 1each | |||||
| (i) | ALBM | (0) | |||||
| (ii) | ICSEI | (0) | |||||
| (iii) | NSEIL | (0) | |||||
| (iv) | AMC | (0) | |||||
| (v) | ROC | (0) | |||||
| (vi) | ESOP.. | (0) | |||||
| (c) | Distinguish between any three of the following : | 2each | |||||
| (i) | ‘Depository’ and ‘custodian’. | (0) | |||||
| (ii) | ‘Money market’ and ‘capital market’. | (0) | |||||
| (iii) | ‘Commercial bill’ and ‘commercial paper’. | (0) | |||||
| (iv) | ‘American option’ and ‘European option’. | (0) | |||||
| 3. | (a) | Define ‘par value of shares’. Explain the terms and conditions related to denomination of the shares. | 4 | (0) | |||
| (b) | Define any four of the following terms related to securities market : | 1each | |||||
| (i) | Demat trading | (0) | |||||
| (ii) | Floor trading | (0) | |||||
| (iii) | Stop loss | (0) | |||||
| (iv) | Derivatives trading | (0) | |||||
| (v) | Clearing. | (0) | |||||
| (c) | What is ‘audit committee’ ? Prepare a Board note explaining the provisions of clause 49 of the listing agreement related to audit committees. | 8 | (0) | ||||
| 4. | (a) | Explain any four of the following credit rating symbols and indicate against each name of the concerned rating agencies: | 1each | ||||
| (i) | AAA | (0) | |||||
| (ii) | PR 4 | (0) | |||||
| (iii) | DA 5 | (0) | |||||
| (iv) | CS 3 | (0) | |||||
| (v) | PL 4 | (0) | |||||
| (b) | List out the consequences of violation of listing agreement. | 4 | (0) | ||||
| (c) | State briefly the role of any four of the following agencies involved in the euro–issue : | 1each | |||||
| (i) | Auditors | (0) | |||||
| (ii) | Overseas depository banks | (0) | |||||
| (iii) | Legal advisors | (0) | |||||
| (iv) | Domestic custodian banks | (0) | |||||
| (v) | Lead managers. | (0) | |||||
| (d) | State the penal provisions for merchant bankers upon violation of SEBI norms on issue of securities. | 4 | (0) | ||||
| 5. | (a) | Comment on changing scenario of the Indian financial system during the post–liberalisation period. | 8each | (0) | |||
| (b) | You are the Company Secretary of Fellow Systems Ltd., a listed company. Your managing director wants you to prepare a Board note on the requirements for a rights issue of shares. Briefly outline the various requirements of the SEBI guidelines for the rights issue and list out the major steps involved in the rights issue. | (0) | |||||
| 6. | (a) | Discuss the norms for entry of non– banking finance companies (NBFCs) into insurance business. | 4each | (0) | |||
| (b) | What is the role and importance of stock market index in the Indian capital market ? | (0) | |||||
| (c) | State the regulatory measures to promote investors’ confidence in the Indian capital market. | (0) | |||||
| (d) | What is ‘placement memorandum’ ? List out its essential contents. | (0) | |||||
| 7. | (a) | “Treasury bill is a powerful instrument in the money market.” Do you agree ? Comment. | 4 | (0) | |||
| (b) | Explain briefly the investment criteria for a foreign venture capital investor. | 4 | (0) | ||||
| (c) | What is the concept of ‘takeover’ ? Explain briefly the provisions of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 related to takeover of control and management of a listed company. | 8 | (0) | ||||
| 8. | (a) | What is ‘insider trading’ ? Explain the term ‘relative’ in the context of insider trading. | 4each | (0) | |||
| (b) | Define ‘independent director’. What are the provisions in clause 49 of the listing agreement related to independence of a director ? | (0) | |||||
| (c) | What is meant by ‘demutualisation of stock exchanges’? | (0) | |||||
| (d) | Discuss the duties of a ‘compliance officer’ in a listed company | (0) | |||||
