CS Executive Test Series

Question 1.Write a Short Note on True and Fair View. (December 2011) (4 marks)OrEvery financial statement of the company must give a true and fair view of the state of affairs of the company at the end of the financial year. (June 2019) (5 marks)Answer:1. Every financial statement of the company must give a true […]

Question 1.What are the rights, powers, and disabilities of debenture trustees?OrWith reference to the provisions of the Companies Act, 2013 and the rules framed thereunder, state the disqualifications for a Debenture Trustee. Ex¬plain whether the following persons can be appointed as Debenture Trustee?(i) A relative of the whole-time director of the company.(ii) A shareholder who

Question 1.Write a note on Corporate Social Responsibility. (June 2016) (4 marks)Answer:1. As per section 135 of the Companies Act, 2013, the CSR provision is ap¬plicable to companies that fulfill any of the following criteria during the immediately preceding financial year: 2. The CSR Rules have widened the ambit for compliance obligations to include the

Question 1.Distinguish between Reserve Capital and Capital Reserve. (December 2009) (June 2012) (December 2012)(4 marks)Or‘Reserve Capital’ and ‘Capital Reserve’ are one and the same. (December 2014) (5 marks)Answer:Following are the main points of distinction between reserve capital & capital reserve: Points Reserve Capital Capital Reserve Meaning Reserve capital is that part of the uncalled capital

Question 1.During the financial year 2016-17, the board of directors of CARE Automation Services Limited has issued shares to employees under Employees Stock Option Scheme. Ms. Excellent has recently joined the Board of the company and asks you, the Secretary of the company, as to what details are to be disclosed in the Board’s Report