Question
(c) DEF Ltd., a company listed at Bombay Stock Exchange, failed to file its report on the annual general meeting for the financial year ended
(c) DEF Ltd., a company listed at Bombay Stock Exchange, failed to file its report on the
annual general meeting for the financial year ended 31st March, 2013 with the Registrar
of Companies, Mumbai. The company further abstained from filing the said report for
another two years, viz. financial years ended 31st March, 2014 and 2015 respectively.
Examining the provisions of the Companies Act, 2013, state whether the default committed
by the company amounts to an offence. If so, to what extent it is possible to get the
offence(s) compounded.
(4 marks)
(d) Answer the following by explaining the provisions of the Companies Act, 2013 relating
to 'internal audit' :
(i) Whether a private company is mandatorily required to appoint an internal
auditor ?
(ii) Who may be appointed as an internal auditor ? Whether a Practising Company
Secretary (PCS) can be appointed as an internal auditor ?
(2 marks each)
6. (a) Brave Ltd. is listed at Bombay Stock Exchange and has a net worth of over -
600 crore.
The company has constituted a corporate social responsibility (CSR) committee with Jay
and Vijay as its members. Both Jay and Vijay are directors of the company, Jay being
an independent director.
Explaining the provisions of the Companies Act, 2013 relating to 'corporate social
responsibility', examine whether the company has complied with the provisions of the
Act in this regard.
(b) The Board of directors of Charming Ltd. seek your advice on the matters to be included
in the directors' responsibility statement forming part of the company's annual report to
shareholders. As the Company Secretary of Charming Ltd., advise the Board.
(c) What transactions are considered as 'related party transactions' under the provisions of
the Companies Act, 2013 ? Explain.
(d) Due to inadequacy of profits, the Board of directors of Rise Ltd. decided not to
recommend any dividend for the financial year ended 31st March, 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.
(4 marks eac
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