Enumerate the major characterstics of company.

What is the doctrine of lifting of Corporate Veil ? What are the causes of lifting corporate veil ? Illustrate your answer with cour
Explain The principles of Lifting the corporate veil
Advantages and disadvantages of incorporation of company
Holding & Subsidiary company as per companies Act, 2063
Legal Provisions of Company, Whether the company can sue or not ? Relevant Provisions of Companies Act
Exxtent of liability of such loan of shareholder under provisions of companies Act, 2063
Existence of the company has also come to the end if all the members of the company died ?
Circumstances where the office may refuse registration of prospective company ?
Number of Shareholders ?
What are the terms to be abided by any company incorporated under the companies Act, 2063 ?
What are the Limits of Paid of Capital of Public Company ?
Name the companies which needs to be incorporated as Public company to conduct the transactions.
Under what circumstances a Public company can be converted into private company ?
Under what circumstances a Private company can be converted into Public company?
What are pre incorporation contracts. State the liability of company for Pre incorporation contract under companies Act
The MOA is the fundamental law or a charter defining the objects and limiting the power of company. Explain
What do you understand by MOA ? What are the contents of MOA ?
What is the minimum numbers of shares to be undertaken by promoters ?
Differentiate between MOA & AOA
What are the provisions in the Companies Act, 2063 to make the ammendment of MOA & AOA, changes Void ?
State the procedure for changing the company name as per Companies act, 2063
Write the procedure for ammending the MOA of a Limited Liability Company as per Companies Act, 2063?
A Newly apppointed CEO of Public Company ask your advice regarding publication of MOA & AOA, Advice Him.
Case of Doctrine of Ultra Vires
Constructive Notice saves the insiders from the outsiders. Explain
Doctrine of indoor management can't be claimed by an outsider dealing with the company in every circumstances'. Justify you
Explain the doctrine of 'Indoor management' in brief.
What is prospectus. State the provisions relating to publication of Prospectus ?
Explain the Liability for matters contained in prospectus.
Differentiate between Equity Shares and Preference Shares
Distinguish Between Share & Stock
Cases + How can you give your opinion regarding the benefits of right shares ?
What do you mean by allottment of shares ? Write down the process of allottment of shares as per Companies Act, 2063
Mention the conditions on which a company may issue shares of premium. Answer referring to provisions of Companies Act
Can a borad of directors of a company decide to create differences in the rights between one to another group of shareholders
What is Share Certificate ? When and Within what time it should be issued ?
What is the duty of the shareholder when the share certificate is lost or destroyed ?
What is meant by a debenture ? Explain the differences between a debenture and a share ?
Can a private company issue debenture ? Does the CEO Have to authority to issue debentures ?
Can a public company issue debentures ? Does it needs any approval ?
Is there any agreement need to be concluded with any party before issuance of debenture ?
Who is debenture trustee ? What are the matters to be included in the agreement to be concluded between the debenture tru
Differentiate between Transfer of Shares and Transmission of Shares.
Who are Substantial Shareholders ?
Distinguish Between Right Shares and issue of Shares at Premium ?
State the circumstances where company can alter its share capital ?
How can a company reduce its paid up share capital ? Can BOD decide to reduce share capital ?
Is there need to take any approval from any authority to reduce paid up share capital ?
What are the liabilities of shareholders in respect of Reduced Share Capital
State the source of funds that can be utilized by the company for purchasing its own shares and the requirements to be compli
Can company provide loan or financial assistance to employees to purchase its own Shares ?
Can a company issue shares at a discount ? Answer based on the provision of the companies Act, 2063
Advise the ABC Ltd. Regarding the matters to be disclosed while issuing the preferential shares.
Are minor & disqualified person eligible to become promoter of the company ?
A consensus agreement concluded between MR. A, B, C & D the promoters of ABC Ltd that General meeting shall not be held.
Suggest the company where should be the place of meeting as per companies Act, 2063
Explain the provisions of Notice regarding General meeting.
Explain the provisions regarding validity of the meeting.
Explain the provisions regarding leaglity of the meeting.
Explain what quorom is required for holding a GM of Pvt. Company under provisions of Companies Act.
Director of Palpasa Pvt. Ltd unable to attend 10th AGM of company and appoints proxy to attend AGM in capacity of Director, i
What are the circumstances where attendance or voting of shareholders in General meeting is restricted under Companies Act
Can Every Shareholder vote in GM of Company ?
What are Directors ? Discuss the provisions of Companies Act, 2063 relating to voting on election of Directors ?
What are the provisions regarding quorom required for a General meeting as per the companies Act, 2063 ?
Write Short notes on Quorum of General meeting.
What are the procedures of making decision on the agendas at general meeting ?
Explain the provision of Excercising of Casting Vote by Chairperson in General meeting of Company.
What are minutes ? Should Company Keep minutes of general meeting ?
What is Annual General Meeting ? When Should Public Company held its general meeting ?
Can CRO & Court call AGM ? If yes, What are the provisions ?
What are the matters to be presented and decided in AGM ?
Mention the ordinary businesses that are transacted at the AGM of a company. What kind of resolution does the Company Act
Write Short notes on Annual Return.
What are the documents which needs to be prepared for AGM by Company ?
What is EGM ? In which Case Auditor may request to call EOGM ?
Can Shareholder cause BOD to convey EOGM ? If yes, Explain the provisions of Companies Act, 2063 ?
Who call call EGM ? List out provisions relating to calling an EGM.
List out the circumstances where Special Resolutions is to be presented as according to Companies Act, 2063.
State the provisions relating to share qualifications of Director.
State the Circumstances where one is disqualified to be appointed as Director ?
State the Circumstances where one is disqualified to be appointed as Independent Director ?
When the Director have to cease to hold the office of Director ?
Explain the Duration of director in a company referring Section 90 of the Companies Act, 2063.
What are the provisions relating to remuneration of Director ? Who can fix such remuneration ?
What are the matters to be disclosed by Directors ?
Power & Duties of BOD** Case Questions - Page. No. 103
Explain the provisions relating to meeting & quorum of BOD.
What are the Responsibilites & Duties of Directors ?
Can Company provide Loans to Officers or Shareholders ?
Who are liable for false statements given by officers ?
***Section 105 - Restrictions on Authority of Directors***
What is the provision relating to validity of Acts which is already done by director, where it is afterwards discovered that provis
What is Board's report ? State the matters to be included in it.
Describe the provisions regarding the appointment of auditor in companies.
List out the persons who are disqualified to be appointed as an auditor.
If the appointment of Auditor is invalid by any reason, what steps must be taken by auditor ?
If the appointment of Auditor is declared invalid and he has audited the books of accounts, what would be the validity of the a
When can Company Registrar Office (CRO) appoint Auditor ?
What are the Functions & Duties of Auditor ?
List out the matters to be included in the Audit Report.
Can auditor be removed from his engagement ? Explain with respect to provision mentioned in Companies Act, 2063.
 Illustrate your answer with court cases.

mpanies Act

ract under companies Act

mpany. Explain

A, changes Void ?

s Act, 2063?
OA, Advice Him.

every circumstances'. Justify your answer.

s per Companies Act, 2063

o provisions of Companies Act
o another group of shareholders ? In case of such differences, if any other group of shareholders is not satisfied what will be the coruse of

uded between the debenture trustee and company under companies Act, 2063
d the requirements to be complied with by the company under companies Act, 2063 ?

neral meeting shall not be held. Is this valid ?

nd AGM in capacity of Director, is this valid ?

restricted under Companies Act, 2063 ?

on of Directors ?
es Act, 2063 ?

esolution does the Company Act, 2063 requires for approval of issure of Bonus Shares ?

nies Act, 2063.

fterwards discovered that provision of Act has not been complied in respect of appointment of such director?

at would be the validity of the audit report signed by him ?

n Companies Act, 2063.

sfied what will be the coruse of action ?
 1 The ICAN is an autonomous body. How ?
2 Mention the objectives of ICAN Under Nepal Chartered Accountants Act, 1997.
3 Explain the Composition of Council under ICAN Act.
4 Explain the provision relating to Terms of Office of Chairperson & Councilors.
5 List down the Functions, Duties & Power of Chairperson & Vice Chairperson of Council.
6 How the council of the ICAN constituted ? How and What types of rights & functions are excercised by the council ?
7 What are the circumstances wherein the Councilor's seat remains vacant ? What the procedure for fulfillment of vac
8 Mention the meeting & decision process of Council of the ICAN.
9 List out Functions, Duties & Powers of Council.
10 What do you mean by standing committee of ICAN. How is it constituted ?
11 How disciplinary action is taken against a member of ICAN and what punishment can be imposed against him/her by
12 Explain the formation of disciplinary committee, and the powers vested on it under the NCA Act, 1997 ?
13 How the council of ICAN takes a decision for the report received from Disciplinary committee ?
14 Explain the manner in which the 'Executive Committee' is constituted under the Nepal Chartered Accountants Act. A
15 Explain the formation of Accounting Standard Board. What are the Funcitons, Duties and powers of Accounting Stan
16 Explain the formation of Standard on Auditing Board. What are the Funcitons, Duties and powers of Standard on Au
17 State the different types of membership issued by NCA Council. Also, mentions the qualifications of a person to hold
18 What are the criteria for disqualifications for membership ?
19 Under what Circumstances name of member would be removed from member register under ICAN Act ? Also explai
20 Explain the provision relating to recognition of Foreign Accountancy Practitioner Institute under NCA Act, 1997.
21 What do you mean by COP ? Why it is required ? Explain with reference to the provisions of NCA Act, 1997 ?
22 Srilankan citizen has passed CAP III Level Exams from ICAN in year 2018, he wants to practice accountancy professio
23 Write Short Note on Ceiling of Auditing as per Rule 53 of NCA Rules.
24 Enumerate the duties and responsibilites of the member performing accounting profession under the provision of N
25 Write Short Notes on Funds of the ICAN
26 Mr. Ram, A chartered accountant doesnot follows the code of conduct, mention the provision for complaint to be m
27 Who is an executive director ? What are the functions, duties and powers of an executive director mentioned in ICA
28 State the provisions on punishment as provided in Section 41 of NCA Act, 2053 ?
29 What is Adhoc Council, how it is formed ?
s are excercised by the council ?
e procedure for fulfillment of vacancy is a provided in the ICAN Act ?

n be imposed against him/her by the council of ICAN ?

the NCA Act, 1997 ?

pal Chartered Accountants Act. Also mention the composition of the committee.
s and powers of Accounting Standards board under the NCA Act, 2053 ?
s and powers of Standard on Auditing board under the NCA Act, 2053 ?
qualifications of a person to hold such membership pursuant to NCA, 2053 ?

ster under ICAN Act ? Also explain the provision of reinstatement of the name.
titute under NCA Act, 1997.
sions of NCA Act, 1997 ?
o practice accountancy profession in Nepal. Advise him in this regard as per NCA Act & Rules.

fession under the provision of Nepal Chartered Accountatns Act, 1997

provision for complaint to be made against him under NCA Act, 1997.
cutive director mentioned in ICAN Act ?
 1 Define Capital Fund Under BAFIA 2073. [S-42]
2 A group of Nepalese persons want to establish a Development Bank in Nepal for which they need your advice. Advis
3 Under which circumstances a prior approval for incorporation of BAFI is denied to firm or company based on signifca
4 A group of NRN with foreign investment wants to establish a Commercial Bank in Nepal for which they need your ad
5 What are the provisions concerning opening of offices by foreign banks or financial institutions under BAFIA,2063 ?
6 ABC Limited has filed an application to NRB for the prior approval. NRB refused to grant approval citing name of pro
7 Explain the provisions relating to allottment of shares of Banks & FI to General public & Employees under BAFIA, 207
8 Mr. Sitaram is a promoter of Public Bank Limited established in 2074 Bs. Mr. Sitaram wants to sell out the shares und
9 Explain the provisions relating to conversion of Promoter shares to public shares under BAFIA, 2073.
10 Discuss the provision under BAFIA, 2063 regarding restriction on transactions in securites.
11 Can a bank or financial institutions buy back its share ? Discuss with relevant legal provisions.
12 kantipur Bank limited has adopted Special resolution for buyback of its 10 percent share out of the money borrowee
13 A bank wants to buyback its shares and satisfies all the conditions for buy back under BAFIA, 2073. Advise bank rega
14 Discuss in brief the composition of BOD in BAFI with reference to BAFIA, 2073.
15 Mention the provision relating to appointment of Directors & indpendent directors in Banks & financial institutions.
16 Write short notes on tenure of director & qualification required to be appointed as Director of Banks & FI.
17 What are the qualifications to be appointed as independent director in BAFI under BAFIA, 2073 ?
18 Enumerate the disqualificaiton to become a director as listed in BAFIA, 2073.
19 In what circumstances a director ceases to hold the office under section 19 of BAFIA, 2073 ?
20 Explain relevant provision on Meeting & Quorum of Board of directors as per BAFIA, 2073.
21 Mr. Dilli Ram bajgain has been elected as a director in Lena Bank Limited. State the provisions on disclosure by direc
22 Who is CEO of Bank & FI ? Mention the functions, duties & powers of his as provided in the BAFIA, 2073 ?
23 A Director of Nabil Bank Limited asks your opinion regarding qualification, tenure & appointment of CEO of the Bank
24 What are the documents to be submitted by BFI incorporated in Nepal under the joint investment of any foregin BFI
25 When can NRB refuse to issue license to carry on financial transactions ? Discuss with the provisions of BAFIA, 2073
26 How can a "C" Class Bank be converted in to "B" class bank as per provision of BAFIA, 2073 ? [S-38]
27 Explain the provisions relating to capital to be maintained by BAFI Under BAFIA, 2073.
28 Note on Risk Bearing Fund [S-43]
29 Write Short Notes on General Reserve Funds. [S-44]
30 What is 'Exchange Equilization Fund' under Banks & Financial Institutions Act, 2073 ?
31 Under What circumstances Banks/Financial Institutions are restricted from distribution dividends ?
32 Enumerate the activities prohibited for being carried out by licensed institutions as per BAFIA, 2073.
33 Enumerate the activities carried out by licensed institutions as per BAFIA, 2073.
34 Explain in detail provision regarding supply of credit under BAFIA, 2073.
35 How the Banks & FI can recover credit provided by them ?
36 What acts are deemed as offences under Banking & Financial Institution Act, 2073 ? [Refer P-34 of handsout]
37 Write Short notes on Audit Committee including Functions, powers & duites of such committee under BAFIA, 2073.
38 Explain the provision relating to audit under BAFIA, 2073.
39 What is the procedure to appoint an auditor in any Bank & FI of Nepal ?
40 Write down the disqualifications of Auditor under BAFIA, 2073.
41 What are the Functions, Duties & Powers of Auditor under BAFIA, 2073.
 ich they need your advice. Advise how and under which act they should proceed for the formation of the Bank.
rm or company based on signifcant ownership ? [S-4(3)]
epal for which they need your advice. Advise how they should proceed for the formation of the Bank.
nstitutions under BAFIA,2063 ?
rant approval citing name of proposed bank is identical to other BAFI in existence. Give your view on the contention of the NRB referring re
c & Employees under BAFIA, 2073.
wants to sell out the shares undertaken by him. Advice to him for sell of shares based on BAFIA, 2073.
der BAFIA, 2073.

hare out of the money borroweed by issuing the 10% debentures. But the bank is in doubt regarding the decision made whether it is in con
er BAFIA, 2073. Advise bank regarding the process & formalities for buy buyback.

n Banks & financial institutions.

Director of Banks & FI.
BAFIA, 2073 ?

provisions on disclosure by directors as provided in BAFIA, 2073. [S-24 &25]

d in the BAFIA, 2073 ?
appointment of CEO of the Bank, Advise him with respect to provisions of BAFIA, 2073.
nt investment of any foregin BFI in order to obtain license from Nepal Rastra Bank to conduct its transactions ?
th the provisions of BAFIA, 2073 ?
A, 2073 ? [S-38]

tion dividends ?
per BAFIA, 2073.

[Refer P-34 of handsout]

committee under BAFIA, 2073.
ontention of the NRB referring relevant provisions of the BAFIA, 2073. [S-7]

ecision made whether it is in contradiction with the relevant provision of BAFIA, 2073 and seek your opinion on this matter. Suggest the BA
on on this matter. Suggest the BAFI about the relevant provisions of the BAFIA, 2073 regarding decision of the bank to buy back its shares.
he bank to buy back its shares.
 1 What are the objectives of Nepal Rastra Bank ?
2 State the Objectives, Functions, duties & powers of NRB as provided in the NRB Act, 2058.
3 Explain the provision relating to rights over property of borrower for purpose of recovering loan under NRB Act, 205
4 What are the functions not to be carried out by NRB Under NRB Act, 2058 ?
5 State privilieges and facilities conferred to NRB by NRB Act, 2058.
6 Write short notes on International cooperation & relationship of NRB under NRB Act, 2058.
7 List down the composition of board of Directors in the Nepal Rastra Bank.
8 Write down the provision relating to appointment & tenure of Governor.
9 Can a practicing CA having 20 years of experience be qualified to become a deputy governer ? Who appoints deputy
10 How directors are appointed in Nepal Rastra bank, also mention the tenure of Director under NRB Act, 2058.
11 A member of political party is appointed as Director of NRB. Is this appointment valid ? Explain with respect to Secti
12 Under what circustances a person shall not be eligible for appointment to the office of Governor, Deputy Governor &
13 Under what grounds the directors can be removed from the office? explain with respect to section 22 of NRB Act, 20
14 Write short notes on inquiry committee under NRB Act, 2058.
15 Discuss the provision relating to meeting of Board as per NRB Act, 2058.
16 List down Functions, duites & powers of Board as per NRB Act, 2058.
17 List down Functions, duites & powers of Governer.
18 A Deputy Governer appointed as per NRB Act found to have direct commercial interest with the Bank. Explain in det
19 Write Short notes on Management Committee under NRB Act.
20 What is Audit Committee ? List down the functions, duties & powers of Audit Committee as per NRB Act,2058.
21 An advisor of Nepal Rastra Bank when requested by a court, disagrees to disclose the information that came to his k
22 Write short notes on Capital of Bank.
23 NRB has huge amount as Net profit during the year 2075/2076. How the management of NRB allocates net profit of
24 NRB has huge amount as Net Loss during the year 2075/2076. How the management of NRB allocates net loss of th
25 Explain the provision of Compulsory deposit of Commercial Banks and FI & consecuences (fines) on failure to mainta
26 What do you mean by discount operation under NRB Act, 2058 ?
27 Can NRB provide loan & Refinance to Bank & Financial Institutions ?
28 Can NRB Provide loan facilites to its employees ?
29 Cases of Currency Recall [s-60]
30 List out the acts prohibted on Reproduciton and counterfeiting of currency as per NRB Act, 2058.
31 How NRB manage Foreign Exchange Policy & what are the powers of NRB relating to foreign exchanges ?
32 How does NRB mobilize Foreign Exchange Reserve ? Explain it in the light of NRB Act, 2058 ?
33 Enumerate the assets consisting in the Foreign Exchange reserve under NRB Act, 2058.
34 In the year 2070/2071, the collected revenue of GON was Rs. 60 million, the value of the overdraft from the NRB an
 overing loan under NRB Act, 2058.

governer ? Who appoints deputy governor ? What is the tenure of deputy governor ?
tor under NRB Act, 2058.
d ? Explain with respect to Section 20 & 21 of NRB Act, 2058.
of Governor, Deputy Governor & Director ?
pect to section 22 of NRB Act, 2058.

est with the Bank. Explain in details about the consequences with respect to provision of NRB Act, 2058.

mittee as per NRB Act,2058.

e information that came to his knowledge while exercising his official duty on the ground of confidentiality. Explain in light with provision o

ent of NRB allocates net profit of the Bank ? Explain.

nt of NRB allocates net loss of the Bank ? Explain.
ences (fines) on failure to maintain such deposit.

RB Act, 2058.
o foreign exchanges ?

f the overdraft from the NRB and the total value of Govt bond earned by the NRB for year 71/72 were Rs. 5 Million and Rs. 8 Million respec
. Explain in light with provision of NRB Act, 2058, whether an advisor should disclose the information or not in the court.

5 Million and Rs. 8 Million respectively. Examine the case in terms of the specific provisions of the NRB Act, 2002.
ot in the court.