Question 1.Write a short note on Provisions and procedures for striking off the name of the company. [Dec. 2010 (4 Marks)]Answer:Strike off can be done by:(a) ROC(b) Company Power of Registrar to remove the name of company [Section 248(1)]: In the following cases the Registrar can remove the name of the company from the register […]
uestion 1.Distinguish between: Insolvency & Bankruptcy.Answer:Following are the main points of difference between insolvency and bankruptcy: Points Insolvency Bankruptcy Meaning When an individual, corporation, or other organization cannot meet its financial obligations for paying debts as they are due it is called insolvency. Bankruptcy occurs when Tribunal has determined insolvency, and given legal orders for
Question 1.What are the objects of the Securities Contracts (Regulation) Act, 1956?Answer:Objects of the Securities Contracts (Regulation) Act, 1956 are as follows: Question 2.Industrial Finance Corporation of India (IFCI), established under the Industrial Finance Corporation Act, 1948 having its registered office at Mumbai issued 8% Redeemable Bonds redeemable after 7 years. These bonds were issued
Question 1.Discuss the various powers and functions of SEBI under the SEBI Act 1992. [June 2017 (4Marks)]Answer:The function of SEBI [Section 11(2)]: Functions of SEBI are as follows: Power of SEBI to make inspection [Section 11(2A)]: The SEBI may take measures to undertake inspection of any book, or register, or other document or record of
Question 1.Distinguish between: Depository & Custodian [Dec. 2006 (2 Marks)]Answer:Following are the main points of distinction between Depository & Custodian: Points Depository Custodian Meaning The depository is an organization, which holds securities of investors in electronic form and provides services related to transactions in securities. A Custodian is a person who carries on the business
Depositories Act, 1996 – Securities Laws and Capital Markets Important Questions Read More »
Question 1.Explain the procedure for approval of ‘basis of allotment’ by the stock exchange. [Dec. 2008 (5 Marks)]Answer:The person responsible for the basis of allotment: In a public issue of securities, the Executive or Managing Director of the Designated Stock Exchange along with the post issue Lead Merchant Banker and the Registrars to the Issue
Question 1.Write a short note on Types of Listing [Dec. 2016 (4 Marks)]Answer:Listing of securities falls under five groups: Question 2.“Listing of securities with stock exchanges is a matter of great importance for companies and investors.” Comment on this statement and list out the benefits of listing for the companies and investors. [June 2017 (4
Question 1.What do you understand by ‘Takeover’?Answer:The takeover means purchasing shares of the company with a view to take over management and control of a company. This is also called ‘Corporate Raid’ and the persona taking over is called ‘Corporate Raiders’. Acquirer: A person who acquires shares directly or indirectly is called an acquirer. Target
Question 1.State the conditions which are required to be satisfied by a company for the purpose of buy-back of shares under the Companies Act, 2013. [Dec 2009 (10 Marks)], [Dec 2010 (8 Marks)]Answer:Conditions for buy-back of shares: No company shall purchase its own shares or other specified securities, unless However, for buy-back up to 10%
Question 1.What are the conditions for voluntary delisting of securities? [Dec 2009 (3 Marks)]Answer:Case I: Procedure for delisting where no exit opportunity is required [Regulation 7]: In a case falling under clause 6(a): An application for delisting shall be disposed of by the recognized stock ex; change within a period not exceeding 30 working days
