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Q1. Will your answer for Q 98 change if the Company was a Private Company rather than a Public Company



Q2. Mr. A a member of A Ltd wanted to inspect the contract of service / memorandum of terms of appointment of the employment of M.D. / W.T.D of A Ltd. He was informed that such a record was not maintained. What are the penal provisions applicable to the Company



Q3. Would contribution be valid in question no. 78 if A Ltd made contribution through Cash or Cheque which was not crossed



Q4. A. Ltd purchased lands in the name of the Director who held more than 75 percent of all shares of the Company. The Company virtually belongs to the Director and so the property is held in name of the Director, but bought and paid for by the Company. One member objected to this. What is the position of the Companies Act, 2013 on this issue?



Q5. Mr. A a Director purchased FloorTiles from the Marble Floor Ltd. He holds Directorship in Marble Floor Ltd. The company extended credit to the Director which was not a policy of the Company. The Auditors raised question saying that this was not permitted in the Companies Act. Which of the following is correct



Q6. In the above case, what are penal provisions applicable to the officers of the Company



Q7. A Ltd. Held shares as a beneficial owner but the shares were in name of the Depository. A register as required by law u/s 187 of Companies Act 2013 to enumerate details of such holdings was not maintained. What are the penal provisions for the same?



Q8. A. Ltd. Made contribution to political parties as follows: 1. Flower Hand Broom(FHB) Party Rs. 100000/- 2. Advertisement in the ‘Socialist’ a pamphlet being issued at rallies by FHB Party Rs 10000/-. 3. Advertisement in ‘Social Soldier’ a brochure chronicling left-leaning seminars, printed by Mr. Leftist, whose philosophies glorify FHB Party . Rs 5000/-. The P&L discloses the Contribution to political parties u/s 182 as Rs 100000/- and Advertisement as 15000/- . Is the disclosure in line with Sec 182 of Companies Act?



Q9. A. Ltd made a contribution of Rs 100000/- to political party but did not follow the Sec 182 of Companies Act 2013. What shall be the punishment for such contravention imposed on the company?



Q10. Register for Contracts and Arrangements entered into with Related Parties and those in which Director are Interested shall be maintained in Form:?



Q11. What form is prescribed under Rule 9 of Companies (Meetings of Board and its Powers) Rules, 2014 for disclosure of interest of Directors and their shareholding?



Q12. A. Ltd sought to contribute to the National Defence Fund an amount at 6 % of the average net profits of 3 years immediately preceding the FY. There is a debate as to who is the proper authority to approve such a resolution. Who is the proper authority?



Q13. Mr. Good a Director of A. Ltd. Has developed an interest in a previously approved contract which at the time of approval he was not interested in. The Director is of the opinion that he is not liable to any further reporting duty since he has disclosed interest at the time of original approval. But the BOD takes a contrary view. Who is correct?



Q14. Mr. Executive a Director of A Ltd. was appointed to that Directorship in July 2017. At the time the flaw in the appointment procedure was not noticed. Mr. Executive voted in many resolutions. In September the auditors brought to the notice of the BOD the flaw in appointment. The BOD were of the opinion that the resolutions to which Mr. Executive had assented shall be invalid by the fact that Mr. Executive was himself invalidly appointed. Is the view off the BOD correct?



Q15. What Form is prescribed for the maintenance of Register as stated above in Q No 94 as per Rule 14 of the Companies ( Meetings of Board and its Powers) Rules , 2014?



Q16. What is the position in law of resolutions (if any) voted upon by the aforesaid Director in Q No 88 after the flaw was notified to the BOD?



Q17. What shall be the penal provisions attracted by the defaulting Company in Q No 92



Q18. Would your answer in the above case differ if instead of land it was shares in a subsidiary company and the Director was a nominee thereto , and such holding in Directors’ name was solely so that the number of members are maintained above Statutory limits



Q19. In the above case, what shall be the punishment labelled onto the defaulting officers of the company?



Q20. Mr. Pro provides tax related advice to the Board of A Ltd which a company with turnover of 5 crores. He does practice also as a Tax consultant. A transaction of leasing of property is sought to be undertaken by the Company with Mr Pro for 1 crore. The Board wants this to be approved by the Company as Mr. Pro is a related party in their estimation. Is the treatment valid?









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