cs professional SECRETARIAL AUDIT COMPLIANCE MANAGEMENT AND DUE DILIGENCE exam paper


Posted on 10-04-2016        By ADMIN

cs professional SECRETARIAL AUDIT COMPLIANCE MANAGEMENT AND DUE DILIGENCE exam paper 1 What is price sensitive information? As a Company Secretary how do you prevent the misuse of price sensitive information? (10 marks) (b) Explain the professional responsibility involved while issuing compliance certificate to a company by a Practising Company Secretary. (5 marks) (c) Secretarial standards help in better governance/board processes. Exemplify. (5 marks) (d) A Practising Company Secretary ignored some material discrepancies while issuing Secretarial Audit Report to company. Explain the professional responsibility involved and state whether any penal provisions are prescribed for taking action in such circumstances. Good Corporate Governance demands apparent, adequate and absolute compliances. Discuss (b) Enumerate the points to be checked by a Secretarial Auditor in respect of the Environmental Management Plan under Environment Protection Act, 1986. (c) Under the Employee Stock Option Scheme, the companies have freedom to determine the exercise price. Critically examine and comment. (5 marks each) 3. (a) “An American Depositary Receipt (ADR) is a US dollar denominated negotiable certificate that represents ownership of shares in a non-US company”. Is the statement true? If so, what are the benefits of ADRs to US investors?. (b) A Practising Company Secretary was engaged to perform Due –Diligence of ABCD Ltd. Draft the Diligence Report to be submitted by him, assuming at least three suggestions and recommendations. (c) Corporate laws are core competence areas of a Company Secretary and corporate compliance management broadly requires complete compliance of these laws. Comment.


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