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ICAI SPOM SetA Law Review How to clear in 5 days if never studied before?Exam Review

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Riya Yadav

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Exam Questions 
1Section8Co quorum
2For how many days inspector can keep records and documents during Investigation
3No of directors in top 2000 listed entities
4Govt cois being amalgamated into NonGovt CoStatus of new co
5Penalty of Insider Trading 
6Days limit to file application with ROC NCLT
7Whether writing of debt is oppression for members or not
8Directors or employees liable to provide info during Investigation even if they left before
9What all is to be included in the application to Tribunal by financial creditor record of default,name of Insolvency professional,other info
10IPO to be within not less than 3 working days and not more than 10 working days
11In how many days first meeting of COC is to be conducted by IRP
12Surrender of certificate under FRCA
13Scholarship received under FCRA is exempted
14Cal of effective Capital 
15Remuneration cal on the basis of effective capital 
16 SEBI LODR
17Coto inform Sec exchange board about securities to be discussed in the board meeting before 7days if the board meeting
18Cooling periods 
19Sec 231 230 
20An employee is posting on social media about profits of the company but in reality company in under losses.Liable under which act
21Whether a foreign subsidiary of a Co incorporated in India is resident in India or outside India
22Dormant conon filing of financial statements/annual reports for how many consecutive years
23Revised annual report is to be filed within 48 hrs after AGM
24Cognizance,NonCognizance of offence
25Purchase of office outside India to open branch by Co incorporated in India Can it do so
26Can a director claim compensation of loss of office when Co is wound up by Tribunal
27Application to NCLT Supreme court within how many days
28Calculation of net profit,adjustments
29Can an Order of NCLT be rectified if an appeal has been made to NCLAT
30No of directors in Audit Committee 
31Can Dormant co have auditor if yes is rotation applicable
32Approval majority in nos 75% in value
33Can Co Not Individual get contribution of USD 250000 without approval of RBI
34Is legal representative of deceased person liable as an heir to provide for penalty under sec 15H,Insider Trading
35 Who appoint recovery office to recover claim in case of pt 34
36Penalty under sec 15H
37Deceased person transferred FD to his Son car to sons wife and property to sister.What all can be utilized to pay penalty under pt 34
38Legal Status of ROC to file for winding up of Co
39Notice of striking off of name by ROC to Co within how many days
40How much amount can be realized from the members who left the company to pay dues at the time of winding up of cos
41Is foreign creditor required to submit certificate from Institution to file application to NCLT
42Under what circumstance more than one director can be appointed by single resolution
43Under what circumstance pt 42 will be void
44Is there any limit on number of director by a single resolution under law pt 42
45A person resident in India earned in foreign as salary 2 years back.Now wants to utilize amount in India Is any permission required
46Who can remove the member of SEBI Board
47Age of Chairman of SEBI Board and Duration of notice if he wants to resign
48Penalty under price manipulation
49Eligibility to file petition for winding up
50Can Tribunal give order of winding up if it feels it to be just and equitable without notice and calling of representation from co
51NCLT to pass order within how many days after registering of application
52Can of contribution to charitable fund
53Limit of contribution to political party
54Only board resolution or any one of board resolution or resolution by circulation,what is required to contribute to political parties
55Function of IRP
56Can IRP maintain bank account of Co
57Under what circumstance recovery of excess remuneration to director can be waived off
58director to hold amount to be refunded under whose trust Co or member
59Foreigner in India working for 2 years he wants to send his salary to his countryHow can it be done
60Minimum application value under SEBI (ICDR) Regulation
61Who all are covered under financial creditors
62If operational creditor send demand notice to corporate debtor and they dont reply,what is to be done Proceed with application to NCLT
63What all is not included under unpublished price sensitive information
64Limit of commission under FEMA beyond which approval of RBI required.USD 25000 or 5% of inward remittance whichever is more
65No of days within which adjudicating authority to accept of reject application under IBC 2016
66Criteria to appoint Woman director 
67Small shareholder related provision
68Govt Co its subsidiary Pvt Cos can appoint multiple directors under one resolutionSec 162 is not applicable
69Cal of net owned fund of Nidhi Co
70Cal of remuneration in case of loss


 

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