Q 1 Masons (Pvt.) Ltd.

is a private limited company as per the articles of association of the

company. However, a public company acquired shares in Masons (Pvt.) Ltd. Thereby making
the company, Masons (Pvt.) Ltd., a subsidiary of that public company. State the impact of such
acquisition of shares by a public company on Masons (Pvt.) Ltd
Q 2 Based on the information given in the memorandum of association, Smart Ltd. Was
incorporated and the certificate of incorporation was issued by the Registrar of Companies, New
Delhi. The memorandum of association was duly signed, except that X, Y and Z signed it on
behalf of five minors. Examine the validity of the certificate of incorporation issued by the
Registrar of Companies [hint: certificate is valid, moosa goolam ariff vs ebrahim goolam
ariff]
Q 3 Good Homes Ltd. was registered as a public company with 205 members as follows:
No. of members

Directors and their relatives 45

Employees 12

Ex-employees 08

(shares were allotted when they were employees)

Others 140

Total number of members 205

Board of directors of the company takes a decision to convert the company into a private
company. Being a legal advisor, the Board of directors seeks your advice about the steps to be
taken for conversion of the company into a private company including reduction in the number
of members, if necessary, as per the Companies Act, 2013. Advise the Board. [Hint: no
reduction required]
Q 4 A group of persons, called promoters have submitted an application to the Registrar of
Companies, New Delhi for getting a company incorporated as a public company. Pending the
Registrar’s decision of granting certificate of incorporation, the promoters enter into certain
contracts for the purchase of some assets for the proposed company. Explain the legal position of
promoters’ liability and the liability of the proposed company after its incorporation, in this
regard. [Hint: pre incorporation contracts]
Q 5 Kamal, the promoter of Desire Ltd., has incurred 1 lakh for formation of the company.The
company refuses to pay all the expenses so incurred by Kamal since the company does not have
any provision in the Articles of Association for such payment. Advise Kamal regarding the
remedy available to him for his claim
Q 6 ABC Ltd. is a company incorporated under the Companies Act, 2013. The paid-up share
capital of the company is held as under:

Government of India 20%

Government of Andhra Pradesh 20%

Government of Tamil Nadu 10%

Government of Maharashtra 10%

Explaining the provisions of the Companies Act, 2013, state whether the said company be called
a ‘Government company’ and also state whether the employees of a Government company can
claim their salaries from the Government of India [hint: govt co, can’t claim from GOI]
BOOKS OF ACCOUNT AND AUDIT
Q 1 Mr shyam is a small shareholder of ABC LIMITED and after that he was appointed as the
small shareholder director ABC LIMITED and as on 1 aug 2016 went to company to inspect the
books of accounts but accounts manager object that he can’t inspect because it is prejudicial to
the interest of company if Mr shaym would be allowed to inspect. Explain as per provisions of
companies act 2013 whether Mr shyam has a power to inspect? [Hint: sec 209(3) of co act 2013,
director has a power to inspect]
Q 2 District court pass an order to recasting the books of accounts of the pasco india limited on
the application filled by the income tax department and company raised objection that district
court doesn’t have a power to pass such type of order, clarify as per provisions of companies act?
[Hint: district court doesn’t have a power to recast the account, NCLT have a power to
recast]
Q 3 Board of director of ITC LTD has approved the financial statement on which Mr sumit has
signed as chairman, for which is no authorization has been received by the BOD for signed, ROC
issued the show cause notice to the company why penalty under sec 134(8) shall not to be
imposed. Explain the action of ROC is tenable under law? [Hint: yes, penalty can be imposed]
Q 4 financial statement of ITC LTD specified that net worth of the company for the FY ended 31
march 2016 600 crore, company wants to spend in the financial year 16-17 in Corporate Social
Responsibility Policy, information in regards of profits of all preceding 3 financial years are as
under :-

15-16 Rs 100 crore

14-15 Rs 160 crore

13-14 Rs 120 crore

BOD didn’t specified in board report about the amount and details of expenditure in CSR policy
explain as per provisions of companies act, 2013 [hint: Rs 2.5 crore and required to disclose
otherwise liable to impose penalty]
Q 5 Prism Ltd. has accepted Rs10 lakh as advance towards the supply of goods to certain parties.
As per the agreement, the company will supply the goods after two years from the date of
deposit. Later on, internal auditors qualified their report on the ground that the company has
violated the provisions of the Companies Act, 2013. Directors explained that this is required to
complete the order. Examining the relevant provisions of the Companies Act, 2013 state whether
the explanation given by the directors is justified [hint: not justified, consider as deposit
otherwise punishable with fine which shall not be less than one crore rupees but which may
extend to ten crore rupees ]
Q 6 Karnataka bank limited engaged in the business of banking provides a loan to the one of its
director i.e. mukesh, amount Rs 20 crore as on 10 sep 2016 for its statutory auditor made an
objection that it is violated the provision of companies act and BOD REQUIRED to give
explanation on it. Explain as per provisions of companies’ act 2013 [hint: banking company
can give a loan to director, sec 185]
Q7 on examination of books of accounts of DLF LTD Statutory auditor specify in the audit
report that there is likely an amount of Rs 1 crore but BOD has not provided any explanations in
the board report about the such fraud, BOD contented that it is not actual figure it is an expected
figure. Explain as per provisions of companies’ act 2013 [hint: mandatory to explain]
Q8 Mr krishnamurty, statutory auditor of the coca cola (india) pvt ltd, has attend the EGM of the
company, for which company didn’t made any notice to the auditor, company has made
objection that mandatory to issue notice only in case of annual general meeting. Explain as per
provisions of companies act 2013 statutory auditor can attend meeting without receiving a
notice? [Hint: can attend]
CONVERSION
Q 1 ABC pvt ltd has equity paid up share capital amount of Rs 40 lacs and preference paid up
share capital Rs 30 lacs and the turnover for the period ended 31 march 2016 Rs 2.5 crore
Explain whether there is a mandatory to convert in to public company or private company? And
time required for conversion? [Hint: yes and in 6 months i.e. 30 Sep 2016]
Q 2 ABC pvt ltd has equity paid up share capital amount of Rs 40 lacs and preference paid up
share capital Rs 30 lacs and the turnover for the period ended 31 march 2016 Rs 2.5 crore
If within 6 months conversion will not be made whether company liable to struck off, explain the
consequences? [Hint: no, One Person Company or any officer of the One Person Company
shall be punishable with fine which may extend to ten thousand rupees and with a further
fine which may extend to one thousand rupees for every day]
DEPOSITS
Q 1 jaypee industries ltd made a public issue amount of Rs 100 crore and received an application
money amount Rs 10 crore as on 1 jan 2016 and company unable to made allotment, due to
strike made by the employees of merchant bankers, upto 31 jan and company made an refund 2
april 2016.CFO contended that required to show the amount in the as a deposit. Explain as per
provisions of companies’ act 2013 [hint: considered as deposits]
Q 2 pioneer Ltd. has accepted Rs10 lakh as advance towards sale of land. As per the agreement,
the company will transfer the possession of land after two years from the date of deposit. Later
on, internal auditors qualified their report on the ground that the company has violated the
provisions of the Companies Act, 2013. Directors explained that this is required to complete the
order. Examining the relevant provisions of the Companies Act, 2013 state whether the
explanation given by the directors is justified [hint: not consider as deposit]
Q3 pioneer Ltd. , is an eligible company, has accepted Rs10 lakh as deposit for a term 24 months
from member as on 1 April 2016 financial statements provided the following information for the
year ended 31 march 2016 as as under

Equity share capital Rs 50 lacs

Preference share capital Rs 30 lacs

Securities premium on equity share Rs 3 lacs

Securities premium on preference share Rs 2 lacs

Free reserve Rs 10 lacs

Examine the validity of amount of deposit took by the company? [Hint: deposit up to 9.5 lacs is
valid]
WINDING UP
Q 1 Mr suresh applied for 4,000 shares in a company i.e. JAR aluminum ltd but no allotment
was made to him. Subsequently 4,000 shares were transferred to him without his request and his
name was entered in the register of members. He knew it but took no steps for rectification of the
register of members. The company went into liquidation and he was held liable as a contributory,
explain [hint: liable for contribution]
APPLICATION OF COMPANY LAW TO DIFFERENT SECTORS
Q 1 Section 129 (1) states that the financial statements shall give a true and fair view of the state
of affairs of the company or companies, comply with the accounting standards notified under
section 133 but ICICI bank denies to follow that such provisions shall not apply on it. Explain?
[Hint: view of icici bank is correct]

DEBT CAPITAL
Q 1 SAHARA investment limited issued a debenture on private placement basis amount if Rs
100 crore on which 5% issued to the promoter i.e. subrata roy sahara with a specific rights of
voting in general meeting, one of the shareholder objected that such type of issue against the law,
company contended that objection is valid if such type of issue made to outsider, explain the
validity of objection [hint: no company shall issue any debentures carrying any voting
rights]
Q 2 Alok, the Managing Director of Yellow Ltd., borrowed a large sum of money and
misappropriated the same. Later, when the lender demanded his money, the company refused to
repay, contending that the money borrowed by Managing Director was misappropriated by him
and the company is not liable for repayment. Decide, giving reasons, whether the lender would
succeed in recovering the money from the company
Q 3 Board of directors of Joy Ltd., by a resolution passed at its meeting, decide to provide a loan
of 50 crore to Happy Ltd. The paid-up share capital of Joy Ltd. on the date of resolution was 100
crore and the aggregate balance in the free reserves and securities premium account stood at 40
crore. Examining the provisions of the Companies Act, 2013, decide whether the Board’s
resolution to provide a loan of 50 crore to Happy Ltd. is valid [hint: valid]
Q 4 Board of directors of Prince Ltd. decides to go for the issue of secured debentures of Rs100
each, to the extent of Rs 10 crore. Further, as the company is going for the issue of secured
debentures, it is required to create a debenture redemption reserve. The Board seeks your advice
on the conditions to be fulfilled and compliance of the provisions of the Companies Act, 2013.
Advice the Board
Q 5 Manohar Motors Ltd. has a paid-up share capital of Rs 10 crore and free reserves of Rs 5
crore. The Board of directors want to borrow a sum of Rs 20 crore for its long-term capital
requirements from the market.
Discuss whether they can do so and if yes, what are the requirements under the Companies Act,
2013 which they have to comply with
Q 6 Board of directors of sultan Ltd., by a resolution passed at its meeting, decide to provide a
loan of 50 crore to jayshree Ltd. Information in regards of sultan limited are as under for the year
ended 31 march 2017

equity paid-up share capital Rs 50 crore

preference paid up share capital Rs 30 crore

statutory reserve Rs 50 crore

free reserve Rs 20 crore

securities premium Rs 15 crore

long term loans Rs 20 crore

Examining the provisions of the Companies Act, 2013, decide whether the Board’s resolution to
provide a loan of 50 crore to jayshree Ltd. is valid [hint: valid]
Q 7 Manohar Motors Ltd. provides Information for the year ended 31 march 2017

equity paid-up share capital Rs 50 crore

preference paid up share capital Rs 30 crore

statutory reserve Rs 50 crore

free reserve Rs 20 crore

securities premium Rs 15 crore

long term loans Rs 20 crore

Company decide to take a loan amount of Rs 90 crore from ICICI BANK. Examining the
validity of the provisions of the Companies Act, 2013 [hint: up to 80 crore BOD pass a
resolution, for excess required to pass special resolution]
Q 8 jaypee industries ltd made a public issue amount of Rs 100 crore and received an application
money amount Rs 10 crore as on 1 jan 2016 and company unable to made allotment, due to
strike made by the employees of merchant bankers, upto 31 jan and company made an refund 2
april 2016.CFO contended that required to show the amount in the as a deposit. Explain as per
provisions of companies’ act 2013 [hint: considered as deposits]
Q 9 pioneer Ltd. has accepted Rs10 lakh as advance towards sale of land. As per the agreement,
the company will transfer the possession of land after two years from the date of deposit. Later
on, internal auditors qualified their report on the ground that the company has violated the
provisions of the Companies Act, 2013. Directors explained that this is required to complete the
order. Examining the relevant provisions of the Companies Act, 2013 state whether the
explanation given by the directors is justified [hint: not consider as deposit]
Q 10 pioneer Ltd. , is an eligible company, has accepted Rs10 lakh as deposit for a term 24
months from member as on 1 april 2016 financial statements provided the following information
for the year ended 31 march 2016 as as under

Equity share capital Rs 50 lacs

Preference share capital Rs 30 lacs

Securities premium on equity share Rs 3 lacs

Securities premium on preference share Rs 2 lacs

Free reserve Rs 10 lacs

Examine the validity of amount of deposit took by the company? [Hint: deposit up to 9.5 lacs is
valid]
Q11 PQR pvt Ltd. has accepted Rs10 lakh as deposit for a term 24 months from member as on 1
april 2016 financial statements provided the following information for the year ended 31 march
2016 as as under

Equity share capital Rs 50 lacs

Preference share capital Rs 30 lacs

Securities premium on equity share Rs 3 lacs

Securities premium on preference share Rs 2 lacs

Free reserve Rs 10 lacs

Examine the validity of amount of deposit took by the company? [Hint: deposit up to 95 lacs is
valid]
Q 12 Ajay Ltd. had given a loan of Rs 10 crore to Binoy Ltd. and created a charge on the assets
of the company. But Binoy Ltd. failed to register the charge within the stipulated time. Can Ajay
Ltd. register the charge with the Registrar of Companies? If yes, what shall be the procedure?
[Hint: can register it]
SMALL SHAREHOLDER DIRECTOR
Q 1 Infosys ltd has listed the BSE has total number of registered shareholder are 36 thousands
out of which 1244 are such shareholder who acquire the equity shares 1800 each per person
nominal value per share Rs10, having market value 120 per share in BSE, ROC objected that
company is required to appoint a small shareholder director, explain as per provision of
companies act, 2013, there is mandatory to appoint small shareholder director?
Q 2 Infosys ltd has listed the BSE has total number of registered shareholder are 36 thousands
out of which 1244 are such shareholder who acquire the preference shares 1800 each per person
nominal value per share Rs10, having market value 120 per share in BSE, ROC objected that
company is required to appoint a small shareholder director, explain as per provision of
companies act, 2013, there is mandatory to oppoint small shareholder director and company
objected mandatory to appoint, when small shareholder, who acquired equity share of the
company exceeded 1000. Explain
Q 3 Infosys ltd has listed the BSE has total number of registered shareholder are 36 thousands
out of which 1244 are such shareholder who acquire the preference shares 1800 each per person
nominal value per share Rs10, having market value 120 per share in BSE, all small shareholder
made a notice to company for appointment of Mr A as a small shareholder director, who didn’t
purchased any share in the company, whether Mr A can appoint as a small shareholder director
APPOINTMENT OF DIRECTOR
Q 4 wipro ltd has no provision in AOA for the appointment of director 5 subscriber become the
director of a company but another 2 didn’t want to become a director Mr rohan the company
secretary of the company specify that subscribers to the memorandum who are individuals shall
be deemed to be the first directors of the company until the directors are duly appointed, it is
mandatory that all subscriber shall be consider as director. Clarify contention of Mr rohan is
correct as per provision of companies act 2013
Q 5 Mr ram file the application for the allotment of DIN as on 1 july 2016 in meanwhile TCS
limited has passed a resolution in the extra ordinary general meeting as on 27 july 2016 for Mr
ram appointed as director on the basis of application number generated after filing of application.
ROC made an objection for such appointment that on the basis of application number no
individual can be appointed as a director as per sec 152(2) appointment of director, whether
contention of ROC tenable as per law? Clarify
Q 6 bharat electronics LIMITED which is wholly owned by the central govt in which half
director in the BOD are rotational director ROC OBJECTED that minimum 2/3 of total director
require to be rotational.Mr B, CS in practice, objected that provision of sec 152(6) shall not
apply to government company. Clarify
DISQUALIFICATION OF DIRECTOR
Q 7 bharat electronics LIMITED which is wholly owned by the central govt in the company
when Mr ram has a director financial statements or annual returns for any continuous period of
three financial years i.e. 12-13, 13-14 and 14-15 Mr ram are going to be appointed as director in
reliance industries limited for it resolution has been passed in 30 sep 2015.ROC objected that
appointment against the provisions of sec 164(2)? Clarify
Q 8 reliance industries ltd, in the company when Mr ram has a director financial statements or
annual returns for any continuous period of three financial years i.e. 12-13, 13-14 and 14-15 Mr
ram are going to be appointed as director in IRCTC limited for it resolution has been passed in
30 sep 2015.ROC objected that appointment against the provisions of sec 164(2)? Clarify
Q 9 Reliance Clothing India Private Limited is a subsidiary of reliance industries limited has
made an additional ground of disqualification of director that director should be post graduate,
small shareholder are going to appoint a representative, i.e. Mr harish , of small shareholder in
BOD but who is only a graduate, whether he can be appointed as director ? Clarify as per
provisions of companies’ act 2013
SECRETARIAL AUDIT
Q 10 ABC LTD listed in the BSE having the equity paid capital Rs 30 crore and preference paid
up capital Rs25 crore.it has not annexed the secretarial audit report with board report because of
non-conduct of such audit. ROC objected that mandatory to conduct and file the secretarial audit.
Explain as per provision of companies’ act 2013
AUDIT COMMITTEE
Q 11 ABC LTD having the equity paid capital Rs 6 crore and preference paid up capital Rs 3
crore as on 31 march 2016 audited financial statement and first quarter for the FY 16-17 ended
30 june 2016 unaudited financial statement provides that equity paid capital Rs 6 crore and
preference paid up capital Rs 4 crore (incl 1 cr through private placement basis).whether BOD of
the company are mandatory to constitute the audit committee. Explain with reasons.
CONTRIBUTION TO POLITICAL PARTY
Q 12 reliance jio telecommunication ltd contributed to own formed the People’s Electoral Trust
and claim deduction 1 crore in FY 16-17 on the basis of information of last preceding financial
year profit are as under 13-14 Rs 10 crore, 14-15 Rs 20 cr and 15-16 Rs 20 cr. ROC objected on
the basis of information that company can’t claim deduction for own formed electoral trust,
explain as per provision of companies act 2013
RELATED PARTY TRANSACTION
Q 13 Infosys (india) LTD having made a sale to Infosys china, NR narayanmurti, who is the
promoter of Infosys india,has acquired the equity share 2%, amount of Rs 31 crore in the
financial year 16-17 without confirmation in general meeting and turnover of the Infosys (india)
ltd for the FY 16-17 300 CRORE. Whether it is covered under related party transaction u/s 188?
Explain
Q 14 rohit murty, son of NR narayanmurti, who is the promoter of Infosys india,appointed as
chief financial officer in the financial year 16-17 for a salary amount of Rs 2.6 lacs month,
whether rohit murty can be appointed as CFO with such remuneration, explain as per provision
of companies act 2013
DIVIDEND
Q 1 Due to inadequacy of profits, the Board of directors of Rise Ltd. decided not to recommend
any dividend for the financial year ended 31stMarch, 2015.Certain shareholders of the company
complained to the Company Law Board/Tribunal regarding mismanagement of the affairs of the
company, since the Board of the company did not recommend any dividend. Explaining the
provisions of the Companies Act, 2013, examine whether the contention of the shareholders is
tenable. [Hint: not consider mismanagement]
Q 2 BOD OF reliance industries ltd has passed a resolution to declare an interim dividend during
the financial year 16-17 as on 30 sep 2016 @ 120% of the face value of the share i.e. Rs 10 but
before payment of dividend BOD rescind the such resolution i.e. 16 oct 2016, on it shareholders
made an objection that after passing a resolution of dividend it is a debt against the company,
company can’t rescind after that. Explain [hint: VAZIR SULTAN TOBACCO CO.
LTD vs CIT 1981, not a debt to the company]
Q 3 RR METALS limited has no profits in the financial year for the year ended 31march 2017,
for declaring a dividend company made a public issue amount of Rs 1 crore out of which 70 lacs
has been utilised for the payment of dividend for such financial year, statutory auditor made an
objection it is not tenable in law, clarify as per provisions of companies act 2013 [hint: it is not
tenable in law as per sec 123(1)]
Q 4 RR METALS limited has no profits in the financial year for the year ended 31march 2017,
for declaring a dividend company intended to utilize the amount of general reserve, information
are as under

Equity paid up share capital(@10 per share) Rs 500 lacs

Preference paid up share capital(@100 per share) Rs 100 lacs

General reserve Rs 800 lacs

Statutory reserve Rs 200 lacs

Company declared the dividend for the FY 2015-16- 50%, 14-15 70% & 13-14 90%. Advice the
company maximum amount can be utilised for payment of dividend to equity shareholder as per
provisions of companies act, 2013[hint: Rs 140 lacs]
Q 5 In Evergreen Ltd., the Board of directors declared an interim dividend but could not
distribute the dividend due to objections of audit committee that the accounts considered by the
Board were false; and true financial results were inflated by not incorporating outstanding
liabilities and over-valuation of inventories. A shareholder filed a suit for non-payment of
dividend. One of the directors contended that he never attended the Board meeting where the
issue relating to payment of interim dividend was declared on the basis of false accounts. Discuss
about the validity of contention of the director [hint:
VAZIR SULTAN TOBACCO CO. LTD vs CIT 1981, not a debt to the company]
GENERAL MEETING
Q 1 Infosys ltd has not hold its AGM for the financial year ended 31 march 2017, one of the
member of the company who holds 15% voting power in the company has filled the petition in
front of company law tribunal in regards of holding a AGM, RESPONDENT i.e. Infosys
objected that member doesn’t have a power to compel only the ROC has the power. Explain as
per provision of companies’ act 2013 [hint: sec 97: any member can filled to hold AGM]
Q 2 Infosys ltd has not hold its AGM for the financial year ended 31 march 2017, one of the
member of the company who holds 1% voting power in the company has filled the petition in
front of company law tribunal in regards of holding a AGM, RESPONDENT i.e. Infosys
objected that member holding below 10% voting power can’t enforce. Explain as per provision
of companies’ act 2013 [hint: sec 97: any member can filled to hold AGM]
Q 3 Infosys ltd has not hold its AGM for the financial year ended 31 march 2017, one of the
creditor of the company has filled the petition in front of company law tribunal in regards of
holding a AGM, RESPONDENT i.e. Infosys objected that creditor can’t Explain as per provision
of companies act 2013 [hint: sec 97: any member can filled to hold AGM]
Q 4 AOA of Infosys ltd specify that power to call AGM are on the BOD of the company and
member holds 10% or more voting power in the company, one of the member filled petition to
tribunal for call AGM and tribunal pass order, company challenge that only authorized person
who specified in the AOA can only call AGM, YOU are the legal advisor advise on such
matter. [Hint: sec 97: notwithstanding anything contained in this Act or the articles of the
company, any member can filled to hold AGM]
Q 5 Infosys ltd has not hold its AGM for the financial year ended 31 march 2017, one of the
member of the company who holds 1% voting power in the company has filled the petition in
front of company law tribunal in regards of holding a AGM, RESPONDENT i.e. Infosys hold
AGM as per direction of tribunal, ROC objected that meeting for the financial year 16-17 has not
been held by the company. Explain as per provision of companies’ act 2013 [hint: sec 97(3):
Agm As Per direction of the tribunal deemed to be an annual general meeting of the
company]
Q 6 Bright Products Ltd. wishes to sell one of its undertakings for which it decides to call an
extra-ordinary general meeting (EGM) and to pass a resolution thereat. State the material facts to
be set out in the explanatory statement to be annexed to the notice of the EGM on this special
business to be transacted at the meeting. [Hint: matter to be stated in explanatory statement
in case of selling of undertaking]
Q 7 Pioneer Fisheries Ltd. has borrowed an amount of Rs 50 crore from a financial institution.
The annual general meeting of the company was held on 1st September, 2015.Examining the
provisions of the Companies Act, 2013, state as to who will sign and certify the annual return
while filing the same with the Registrar of Companies after the annual general
meeting. [Hint: signed by a director and the company secretary, or where there is no
company secretary, by a company secretary in practice]
Q 8 Pioneer Fisheries pvt. Ltd. has turnover for the financial year ended 15-16 Rs 1.2 cr. The
annual general meeting of the company was held on 1st September, 2016.Examining the
provisions of the Companies Act, 2013, state as to who will sign and certify the annual return
while filing the same with the Registrar of Companies after the annual general meeting [hint: in
case of small company, shall be signed by the company secretary, or where there is no
company secretary, by the director of the company]

Inspection and investigation

Q 1 Sudarsan Trading Co. Ltd. is a company mainly transacting non-banking financial business,
the Joint Director, Inspection issue notice of examination of books of accounts of the company
and the mail which has interchanged between the director group of the company, because it is
relevant, company objected on examination of letter, explain as per provisions of companies act
2013 [hint: C.V. Karuppunni And Ors. vs Joint Director, contention of company is correct]
Q 2 Sudarsan Trading Co. Ltd. is a company mainly transacting non-banking financial business,
the Joint Director, Inspection issue notice that “you are hereby required personally to attend at
the office of the Regional Director 14th may 2016 at 11 am to produce either personally or
through an authorized representative the books of account or other documents specified overleaf
and not to depart until you receive my permission to do so”, company object that it is not open
for department to call books of accounts in his office, explain ? [Hint: it is within power of
department to call records in his office]
Q 3 Search and seizure conducted by the inspecting officer in pioneer company limited with the
permission of central govt but for seizure conducted without the permission of special court,
such company made an objection that serach conducted by the inspecting officer is against the
law, explain as per provisions of companies act 2013 [hint: seizure may be conducted after
obtaining an order from the Special Court]
Q 4 Inspecting officer i.e. Mr ravinder seize the books of accounts after conducting the search as
on 1 july 2016 in the amtee properties limited and such books of accounts had not been returned
by Mr ravinder upto 31 dec 2016, company made an objected that it is holding more than
authorized period as specified by the law, whether contention of company is correct [hint: sec
209(2): inspector shall return the books and papers seized in any case not later than 180
days after such seizure]
Q 5 144 members holding 9% paid up share capital of the ABC limited has apply to the tribunal
of investigate the affairs of the company, company object that minimum holder of 10% paid up
share capital shall require to apply for investigate the affairs of the company, explain whether the
contention [hint: sec 213: member can apply to tribunal]
Q 6 Investigating officer i.e. Mr ravinder appoints to examine the affairs of the ABC limited,
wants to examine the papers related to group of suppliers, which are in under possession of Mr
sohan Sharma, who is the former employee of the company, whether Mr ravinder succeed to
examine the documents explain? [Hint: sec 217: can examine the documents]
Q 7 During the pendency of the investigating process the company pass the special resolution to
winding up the company, for which company deny to provide the some documents because of
process of winding up has been initiated, whether investigating officer can examine the
documents after commencement of winding up process?

MEMBERSHIP IN A COMPANY
Q 1 Mr. sohan is the one of the subscriber of the MOA, of the interior investment ltd, out of the 7
subscriber but his name is not mentioned in the register of member of the company at the time of
declaring the dividend company had not declared the dividend after arguing that Mr is not the
registered shareholder of the company, explain as per provisions of the companies act 2013
[hint: subscriber is the member, mandatory to distribute the dividend]
Q 2 Mrs sujata holds 52% equity share capital in the DEF ltd, which is registered under ROC
Mumbai, remaining shareholding acquire by the 48 shareholders, every member holds 1% share
in the company and 20 member resides delhi and decides to registers of member required to be
maintained in delhi Mrs sujata object that it is against the law to maintain the register other than
place of registered office, explain [hint: after passing a special resolution can maintain any
other place in india, where more than 1/10 member resides, proviso of sec 94(1)]
Q 3 icici bank lend a loan to NTPC ltd amount of Rs 150 crore, after making a public issue share
certificate has been allotted by the company and for which representatives of icici bank went to
such company for examination of register of member nut the company made objection only
security holder has as right to inspect, whether contention of company is as per law, clarify as
per provisions of companies act 2013[hint: any other person can inspect the register on
payment of the requisite fee]
Q 4 Satish, outsider, who is not a member of dayal Ltd., wants to inspect the register of deposits
maintained by the company as required under the provisions of the Companies Act, 2013. The
company refused to provide the register for inspection without assigning any reason. Referring to
the provisions of the Act, examine the validity of the company’s refusal [hint: any other person
can inspect the register on payment of the requisite fee]
Q 5 Mr suresh applied for 4,000 shares in a company i.e. JAR aluminum ltd but no allotment
was made to him. Subsequently 4,000 shares were transferred to him without his request and his
name was entered in the register of members. He knew it but took no steps for rectification of the
register of members. The company went into liquidation and he was held liable as a contributory,
explain [hint: liable for contribution]
Q 6 Satish, legal heirs, son of deceased member i.e. Mr sagar of dayal Ltd. wants to inspect the
register of deposits maintained by the company as required under the provisions of the
Companies Act, 2013. The company refused to provide the register for inspection without
assigning any reason. Referring to the provisions of the Act, examine the validity of the
company’s refusal [hint: shares transmitted to satish, he become member, he can inspect the
register]
XBRL
Q 1 Reliance industries limited has listed in Bombay stock exchange and its subsidiary Reliance
Jio Infocomm Limited which has a paid share capital 4 crore as on the 31 march 2017 for the
financial year 16-17, explain as per provision of companies act 2013 whether for Reliance Jio
Infocomm Limited is a mandatory to file financial statements in XBRL taxonomy [hint: yes]
Q 2 Reliance industries limited has listed in Bombay stock exchange and its associate Reliance
Industrial Infrastructure Limited which has a paid share capital 4 crore as on the 31 march 2017
for the financial year 16-17, explain as per provision of companies act 2013 whether for Reliance
Industrial Infrastructure Limited is a mandatory to file financial statements in XBRL taxonomy
[hint: no]
Q 3 In relation to filing of financial statements of a company in XBRL mode and by usingthe
XBRL taxonomy, decide whether the following companies are required to file the financial
statements in the said mode:
(i) Grand, the subsidiary company of Tiny Ltd. which is listed at Kolkata Stock Exchange.
[Hint: yes]
(ii) Prime, a company which has paid-up share capital of Rs 100 crore. [Hint: yes]
(iii) Crafty , a company which has a turnover of Rs 400 crore. [Hint: yes]
(iv) Comfort, a non-banking financial company [hint: no]