1. |
Comment on the following : |
|
(a) |
(i) | Though having successfully qualified in a rigorous examination and gaining experience on hand in the profession while dealing with relevant matters, there is a need for the ‘continuing education’ for a Company Secretary. |
(ii) | Multi-disciplinary partnership firms consisting of Company Secretaries, Chartered Accountants and Cost Accountants are imperative to meet global competition. |
|
(3 marks each) |
|
(b) |
The role of a Company Secretary goes much beyond the Companies Act, 1956. |
(6 marks) |
|
(c) |
A professional should command and not demand respect. |
(4 marks) |
|
(d) |
Code of conduct is an effective tool for sustainable professional growth and credibility. |
(4 marks) |
2. |
(a) |
Discuss the points of scrutiny by a Company Secretary in practice during the course of secretarial audit where persons resident outside India have acquired the following securities issued by an Indian company on rights basis :
— | Equity shares; |
— | Preference shares; and |
— | Convertible debentures. |
|
(4 marks) |
|
(b) |
How would you verify the statutory compliances in respect of
(i) | shifting of registered office of a company from Mumbai to Pune ? |
(ii) | contracts relating to allotment of shares ? |
|
(4 marks each) |
|
(c) |
What steps would you take while giving certificate as contemplated by clause 47(c) of the listing agreement ? |
(6 marks) |
|
(d) |
“Though a company has to register transfer of its securities in the name of the transferee on lodgment of proper documents, there are certain exceptions under clause 12 of the listing agreement.” Discuss. |
(2 marks) |