Taxmann's Resolution of Corporate Disputes Non-Compliances & Remedies (RCD | RCDNCR)

Contents % ' ! 0

Chapter-wise Marks Distribution

I-5

Previous Exams Trend Analysis (June 2019 Onwards) (New Syllabus)

I-7

Chapter-wise Comparison with Study Material

I-15

Chapter 1

1.1

SHAREHOLDERS DEMOCRACY

Chapter 2

2.1

CORPORATE DISPUTES

Chapter 3

3.1

CLASS ACTION SUITS

Chapter 4

FRAUD UNDER COMPANIES ACT, 2013 AND INDIAN PENAL CODE, 1860

4.1

Chapter 5

5.1

REGULATORY ACTION

Chapter 6

ADJUDICATION, PROSECUTIONS, OFFENCES AND PENALTIES

6.1

Chapter 7

7.1

RELIEF AND REMEDIES

Chapter 8

CRISIS MANAGEMENT AND RISK AND LIABILITY MITIGATION

8.1

Chapter 9

MISREPRESENTATION AND MALPRACTICES - CIVIL AND CRIMINAL TRIAL PROCEDURE

I-17

9.1

3 4 . % 4 . / #

I-18

% ' ! 0

SOLVED PAPER : DEC. 2020 (NEW SYLLABUS)

P.1

SOLVED PAPER : JUNE 2021 (NEW SYLLABUS)

P.34

SOLVED PAPER : DEC. 2021 (NEW SYLLABUS)

P.64

SOLVED PAPER : JUNE 2022 (NEW SYLLABUS)

P.95

DRI NOD AFE NM EO CI O T NA T EI D L F I F E C O R N R OE EC L F B E ARR DOE NNB UOT OIO T PI A N MD N OEA CMC 0 N O OT Y ND B RED R E E R DE T T NF I EM UR SEM E B O MT C OO E CNM L I DL R UAC H AS EN R F O EHI FMTT E O A I CL I R EC I NC EN M F (O IO R C ST C E ND EP HYEN 4TMA EEN L S T O E T I T E HS A T

S IR T M EO S T E VTC NAR M I O R F E OH S NT N ORI O I OT T C A E C P I L S P S N P E I I AT T FC R O HA CP T!I C S H EI E E PN WR SA O RM E P O R F NMS R I O O E S# CE G N NENO I E HF D Y ETF EFOB CORE O6O D R) SA P8 T M L ORU T EAN GT NPFE I AEE T HDB A E L #OV T E R R A E SET H D A R L E G NE T N UR T I A NHD MO N CU I I T EA H O HG WP T

N O I T A C I R B A F D U A R F C FT O E SN NO OC I I T R A E GO EC L L A N O CI I T F I A C N EO PS SR DE NP AM SI UY OR I E R G E R S O GF NS I T V N L E O VM NU I C SO E D S A F #O

E L B A D N U O P M O C N O N D N A L A N I M I R C R O F N O I T U C E S O R P G N I V L O V NS I E C SN E E S F A F #O

SL NA ON SU R B E I PR S4 UE OH RT E R MO T UN NE FM O N TR S EE E VB R E OY T 'A N I LM RA ORE T S TN S A E E #C R E E EH T H N T T I S CEA I RL L OA B UFN E PB U B ESI VE R L I4 O T VRE A T NP A I L L HTE COP I N H P E ! WR E SAH E OT S HR A #WO

E DTSC R EAE N DHC E NWF IF U F O F OTOO PR R S A T E ML I I L OIRR M OA CI SS E A EYE WCNH NAT SE P R H F M E FO C CO I I F NCH F AAW O EDYN HNBO T RANE O IT Y AA N GD A AE PTDH C E T M! T T M I O S MO #E R YI F BNMS A O DPC R A EMS T E I T O I RY M#E E IE EL MH RR OTAH CFET F EO C DO E N D D E N O F NUI F R O O OE I YT P P NC M E A AS ON FR ) I ECH DST NAI UWW

Q2. “A Company and its officers will not be eligible for compounding again for similar offence”. Elucidate. [December 2019 (5 Marks)]

Ans.

7.1

TAXMANN®

N I O T A I L EI L C U N 2O C NR OO I T N A I O L I I T C A NI OD #E DM NO AT ND OE I R T R A E I F D EE -R E SB E T I O N AN PL L MA OH #S S FR O E T T A EM L U RG N Y I RW L E E POM L L SO A !F N

RELIEF AND REMEDIES

CHAPTER

Q1. P is the Managing Director of AMR Limited who committed a fraud against the Company. A judicial proceeding has been initiated against P for fraud committed by him. Now P wants to settle the case through mediation or conciliation. Can P’s case be referred to mediation or conciliation ? [June 2019 (4 Marks)] Ans.

NHRYEO O C T NI AI R P RWDAW ORNPT T O M N YOC HE O T NEE I CW M ANS PI N FET MHHAEO L H S T T B OI I RTA R CW O P N H ARF EI SM FED H I N I H ET T UY TI T T A N S P E I R HE EA A T LME O BT SB E AMYLN L D O H E A C I O SS E H V I I R T I ON I HSD RUET T L PP C D U F N A EE A O F CF N D E NF I ODE EO I F C TFERNN E I O C M S E !NAPI F A A F S SS O E E N HO T I I I HH H N WC AMTT F I E U PMR WOS MOE E RE OCHSRO C #YWNEFN H O N I T EE D EA S NF F RI HP NA E T FO A C C FMTCI FT F O O ONOF A H CETOTT N AMNYU FNER R O NOOUEOF Q R V M S OE EE I D I A R S TCP E I C BDED F EF MUNH I 3O ISATV M O # L A N O I T A . E H T T C ! S E I N A P M O # E H T F O N O I T C E S R E PW SA !, Y N A P

H T I W R E D R O E H T FD O R O EC T A E DR EE H HT T MM OO RF R F ST R N A E ER YA OP WP TA E NK I H A T T I S WI EM MY N IA T YG NN AI Y TF A I T YC AE MR O LT A NW UE BI I V R 4A D N A T I Y B D E S S A P R E D R O Y N A D N E M !

TR YO FD YC R BE E E A S H SS EP S S T S CS A R E I E E P T U C S R CO O &L E R ER N NI E SE DUNPD T IDE2EER OARLBHO R A Y T T E E N A TMF H F H T EEU O GBR BM D E S ULPIA E S I OL RR U F RAN4E I H BT E BS W EA C DAE STB RTR I ENS,ONN E KEA Y HV A AMHNC C T DL AUEL S NA I PSRA MEEMEPN O U EMPOKT P A HAA B # RI T H LMO R F 4 ICNAO E U A N T C TS E ORT I N HT H I ES EOC T MNIAWUY H T L DAW.OJG P F F H NT O T N TON ED I S DD ME E N NR R I AD O IAEEEC HV L G H E C CO AUNH A I UR 2 T R SG S0 L E OA D ES T HNAN N KE R I AI UW OTLT N A E T B O MR A E N Y I A UU R S LP MT NS L T B A I A R E I REY HH UR FP OT HB 4F 3T O

ii TAXMANN®

E DC TE C N !NE RF SE E F C I O N N R AOA PCI L MR SM OE I S #C I S EF FD HO R T FEO O HW TR DE N H NAT OYOS I NR TN ) C A EA E N P S Y I FMA E O GE SOAR NC H G E OH NT I I S N TD I I V ODNE RNUC PAON P O EEM L HB Y L T ON A NI CCO EL R HP OD T PFE ED DAL N EEB IU DB G O N LP UTI OOEM E PNB O L L C MI TE OWO C NB S LN L A I W A W C i

3 % ) $ % % 2 $ . ! & % ) , % 2

7.2

Q3. “National Company Law Tribunal (NCLT) can rectify mistakes in its own orders on suo motu basis.” Comment with reference to the Companies Act, 2013 and Judicial Pronouncements. [December 2019 (5 Marks)]

Ans.

RI NNE L OOD P I TNP S N I A 5 V E OR N RAR A E PPD E L EPR I F HAO T SLY E A FK A O N M I AG TT R T SI A R PION M E T S M T S Y D I R TR N I F R O A F O A V C RYEP E E FTER DI A NT DN D C E UE O EH T TRHT A N T R E H MO R T A RP OE D R L FY E P H R SAA PE S A X A K E O A A WT YT T S TDOEI I EWHM R T T E RE WNE I H O H HT T T 2PI I G N 4MWEI )E TT ERH M S A I G IP I L T L A H DG Y NN NI UA OH BD CN I E R R O T OSI T ECEA EHC HR T T

Commissioner of Income

N )

Sree Ayyanar Spinning & Weaving Mills Ltd Tax suo motu

LS A NA UW BN I O R I T T A EC T I A L L P L E P PA PE AH ET HH T G TU A O HH T T DN L E E HV TE R D UO OI R #E XP ED PE !T A EL HU D T PO I I T NS R E OE I P S HE I T V H O RDT N PO N I EYT H HEI T B W FEL O L ME TI W H GTD K I LO E L NT OF I )

S N T D I I H N R T I E I B M WS NIO F T OI I S RI T A E S CDA I R L OB P PA LE AN H T EI N HG I T O R DO R EFE L T IO T F A SEM T A A HD E TEH N AHT CTE I D MI L P POCN R E AF O DI ES A T HROT A T ETI L TY A M N NI EOU L V W F B ET O I DFR D EOTN EU NDT OI OA O I LR T R L N G E E EP PE MDPH EAT ET N E HL A HO T T U T NP RO I I ON STF USG D E HH N NA 4T I

3 % ) $ % % 2 $ . ! & % ) , % 2

ON AT A PR N ME OWO #OR LPO A S N NA O OH I I T T LO A A .NM UN FB O IW RO 4S ET HI DT N NT AA O HD TR EO TC A E I T R N SA E T E HC TT L S ! U B 2U ME H OT HSR T FR I W E TD N D E N A R U S EE A R Y PT L PR UA A 2 EP LK A A N AY T NUS B OBI I I MN T R C O I E4AT 3WYA C F I SAI L U,T P C HYE P 4NR A Can the Liquidator of the Company commence proceedings against Mrs. Meera and her daughter in these circumstances ?. [December 2019 (4 Marks)] Ans.

TAXMANN®

E HSDYNSER R N CAR ENI OO A O I W A T H F I E PC T E WYDM C EE B NR SA O OSS Y E CPYCRT LR E E L N T NMT E D E A A EO N HNV I T F T F E D U F C E N A U E F O L TE E OM EQ O L EH I R RT ESA E HT S RERCMH T SNBEDEEIT H 3 U S C R E E E T I S H E RT F BOE M VHSF I LRDNT OWIOL IENOY CYY E T D N UMN ONA HSN SA T L E D U L P A L P I A VT Y E H L R MMBWT A E E O I D VWR W N OCE OTO R C E T T CEP E E L T HI TH CA T NHU C !TEMNEOTG D O N F I R M T I C N SO E E C H I E HOGB T SW D I !I CND R N N AE SI L WI N E C O U E PI RDW S G C O E F E A MF E N CT T ACN H OOCE E T NF F SC #E) OIF A CMO O N EH WE HTP GMT E F T YUH NON YF FB I C GT NOO E O E N A H G DI M E R P PCA DU E T E U M T N C SNWN D O I NIIN HE W HA CG OMR CM UE I MI M T C OEOHUEHM O D EC NWTHRWO 3E T T E E I UEL C S R I B D T O E H E O AH H OW WN HT T T

REA E H NR R F E T O S S O NNFE T I R AE A DP R D T DNEU I YAAH H I Q N AMTTL I O A RF TE E T A H R F HS D T O T NOI T SA R S O E PN G R DT I RA I ENAG V OHIEA RTEYD PNDEI AANO HM V TSOE F RI O B R E TH E DL L C TFOA S !O IH NR SYA ES E NRP I AT P N APEAU PMHNG I N MOTH I R T D OCO I N #ASW I S EYE EW HB D NA R T I O FDS O NUMF N IB O N KFO I YO T I I T T NNEA E OASR P F R I E T O UD C E OI Y ET H CST 3R YNF E O RP R CO E A O N HR NEO T I U P R I D L T UFR A A &O OVT

LREP EL EGU HA R T DHA D GEOH N NRTC A I U I SO R E U L V DW C D DS E NA YH AW NS A PY PY N!UN MA FYA OP O AP # EPM M EONOO H#UT C T T E E E FFH H O OTH T 4 F S O R T Y T OOT C T S Y R AC T D E F E R P EREN!O I U P HD R R F O T P E OERDH P S L E T T O T R O R RSAE E NT A FV EO L H I IAG MHEDDU T L E ISA DT A S S R N D EA E AV Y W R R BSI E A EDH DNDG A R D N EA A N DEAGA R I T HDR E V V TO O3OON I R R EEMUE PS OG P D SA CA T E CTR CG C N AR T E A=A T F VS KO E EI N G L H AM E EB 4; A R R

Shearn

Fodare Pty Ltd.

7.3

Q4. Mrs. Meera was the Managing Director of ME India Private Limited. During her tenure, she sold few properties of the Company and cleared all the registered mortgages. She also diverted Company’s funds of ` 50 Lakhs to her bank account and diverted another ` 10 Lakhs to pay off and discharge the Housing Loan on her daughter’s property. Later, winding up proceedings were initiated against the Company.

S SDE A NRY A WU N WA OA NR P RG A SM EEA O HH C 3TWF TNEO A OHE S HD L T SA EA NG S OR EM I A E T A HTO S R R CU F A S L R G C A N EWTI E DR S VI I AE R T GTCA NHUS G I R D T K US E EA E NC ED OO S SRCR E G AP NHF F I D O O D ENTT EAI U CSBO OE MS RI T A D PU EN DDH U E CYTF R NA NG I EI N H I MCT V U I I DW MI E C OF SE CFL L R ROA O FS IY H T C E E T A AHH R DE E SSP I R U TO T A QBA R I HP HT NT , I

H NT EI PW MR OE H CT EE L G B O AT T I N U O QI ET A RS ON F YE NP AM PO MC OY R #O T EU HT T A OT T S ED L B N AA I L S ST A N WU NO RM A EA HE 3H TT A H H T TO DB L F E HO SN A O I WT A TS )

RY R E E T R T HE H G TP U AO A HR D TP E E R!RH A E FW T HO D TNAN A OEA HT I BY T ATE DSHN N L GO E EI HP MM TMRE R V E UOT A OCH H EGT #L U B O EA AN MI D T DY EU EI N R PQHDA UETTP T P 3RA UM O HR O EFT KC HYD NE T NNA H RAUBT P E ORO HMF ET T OTMD R UCRRE OG &EUF O H# N T AO S T OESL S OTHAE CE4WB L D DBT OO L S A HS NI E AL R WS E OT TS RA S LN E W E A I HT R S T S E A O U A T L H N MT WP I EH L C B U AS T I Y U L QT EN E RR OR F U RC E N T O H GC U AN DUL E R EDB HL A I T U L DOY L NWL A A T R RE S E E V HRE E T S T O N D MI N ESA U HL Y T P L T F N O I O Y J T I E L I B B L A I I L L E!W HFM T O E D H N I T A OF S I T O TA R H UST ONO #E PB T EMA HOH 4C T EID BU N QA DI L ,A U R OEE H E WT T C RD-! E NS T AR E H H GS-T UDTN ANS I DUND F I A R E SG E D HYAV I N GO DAN R NPI P AMD S AOEE E R #C R E U EFOD O R -N PE C I OEO S R SCR N R -E EP E VMU TI A D M D HR T O G O CN DF I EE NW DL A B O UA CL L L IYO C NLNF Y OL AR L CA PE T ERMF E BV OA R NECE ASET CDHH T NF G TA I U EYOA R CL D T O NN R T EO IA E (J DH

F EGO D N I I T V R O OAT RCC I PD E U R I J D$ ! Y TET C U H !T PS TF EL N ) $A E E MY P R T OP EI GR ! AOT N H NT R EO AU M T -!E C E EGC R GN RI O$ NI ATFL HANA C % CI I C XD F E UO %J P ND 3 R G!O I O E T T F C R E OOEI R L SI &R L FE L $I O TW DN R O L A AE DTT NS SP I ANS P I S A A ! G T SA N S NSI E OL I A Y M T T EI C E EPR C 3POR A H O T F RU N O! % F Q5. XYZ Software Technologies Limited of Bengaluru was engaged in business of software exports. During the past years, it had exported services to its Parent entity in United States of America (USA), but failed to realize and repatriate the foreign exchange due on its exports to India, within the stipulated time. The Adjudicating Authority imposed a penalty under the provisions of Foreign Exchange Management Act, 1999. Being aggrieved by this penalty, the Company seeks your advice to file an appeal. Advise the Company. [December 2019 (4 Marks)] Ans.

TAXMANN®

3 % ) $ % % 2 $ . ! & % ) , % 2

7.4

RL L E OA GT H NC S AEL HRA CIE X$P TP %N A NAE T GS H I I E S T R S N O! E &EH RHT OTT F ON LTE A RM NO E UI C BNR E I O R S L F 4SN A N EI%U Y T T F B A I O L I R L R O E R PHO4 E PTTT C U !! E A L R L I HG$ E T P N I WIYP T T ! U EAP C E I I L D H ET LU L J$O A HDRT S!OE TD LEN A A EHEM T PF M PI EE A CB R RERY O V E L F T HEN C T W E % R R UOFI &(O D

TD A N C E AI L I N T F D S I I U EH S T J BI S D !NW ! ATE FC CH O TAT RN DY E DEIB A RMS E OEE D CHA TR S NOTM F F I A N O RN G E % O AF DS R R LO NOE A ERO P POIED PTTHE C T C EF !E V E R I3OI $RYR E SY PG L DO G A TN CA EU U PP EE PE HH ST T ! L $ R A HY EC B RO PI OT PHD T E C N !WV EE I R NE R M I O O C $ET E E CC LR R T A EA O S I R DI C F I EN$ Y ET P%LH I 3FA TR I O C MH OOE T R T OU OPR LT 3F! A EC SN H E PR Y T PI I O AI !$WDT

YY YSNET GT HIA NU OT LI I A RM T T PEC A MOT E P H C$ ) PEOT I 3 D RUN !R F UR !O E J O SGS RD D Y O T R NA NE !N T I C U T D P FEE A E C O RG MI D RE$ E N IV D E C U DRLANJ E I ROAHID I H C R F C ON T G !G EXI E P%WHA H%3 N CE T F UH FG I TOO ST E S RRR YY NO I TEOTBB A E GCD&C AERR DD O ! R O E A I L$ EF TM V A HLN I E A E T E RC PTT N M E PNS E UE A DR N !S BG T I RS I A I R AOI S G LS A4NES A L N!REAHA T T A UOOL F E BT TE LEO P I N P RE R PGY! OM 4I PNP A O ENE!H CR E T CEC O A S R H EC T L L GOTXHE E T F O%H N PI N R T I PE % NC$ E G !BF DIIL H E OYOAR A WI T T R O I C OM& NE LR E T A O C FOP EH E EBO 3 PT N T R PUI A R A D !!$C O

3 % ) $ % % 2 $ . ! & % ) , % 2

7.5

L A E P P A O N D N A Y T I R O H T U A GA L NN I D U NB I I F R T4 C AE F H LT A Y NB I F D EE HN T I SM I LR A E NT UE BD I S R T 4C A EF HE T H TT A HS T T N DI EA T G O A NS EI E BL E H T N O D E S A B L A E P P A N A E L I F Y A M S E I G O L O N H C E 4 Y ET R I A R WO H TT F O U 3! G :N 9I T 8A C I ED CU NJ ED (! NYC AAI D YMS BRR I DEU ECJ I VF G F EO N I I R V G GA GN H AT I A NC 4 OI ! SD R 3 U E @ PJL D YAA N N N AA U B I YR B4 EE T DA TA C L L !ME )RP "E P ! %D 3RS E EOI T HNI T A R FY U O C 4BE R3 O A NDO ORT R A I E LT T OA C T E"EA P 3EP M RH E E TAH N PF SOAT N RI !RE E F N DE O RR I OPT Q6. PQ Limited was a Company listed on XYZ Stock Exchange. The Company was making continuous losses and was not performing well. There were also reports of alleged financial irregularities in media. Also, many complaints were received by Securities Board of India (SEBI), regarding its listed securities. Subsequently, SEBI passed an Order to delist the securities of the Company from the said stock exchange. As a Company Secretary, advise PQ Limited for further course of action. [December 2019 (4 Marks)] Ans.

DFD4D E NON!S ANA O TOL3P E I N A R S S E EI I O PF DC D NEPE E ODABB PEODO SH TET E T L Y I R D F T ER ED L REA R HI A E UE T SPT T P O OAY A T VP G R A A DN M E E RT I E VED A H ETEH T HEOTNF E S T RI GRR SO E NO T E HDP I E T D G NE I BN RRA U I O FY C &EE O S L F R T I B YD R I I T F I FES O O C N S O I OE UMYF F T PA T P R OGOOSD PNCGAE I N Y PM I A L H T OR S T A D U I NF M NC O I AN I O T EOEDI R VCSUD J F I O D ES RS G PH A E L LD L A XT DE A LE N HRL SOANSO LEHRAM A NHSEH C T T 4 I NW US! N S O BA I 3C I TH R L T EA 4P) I E W EY"HD T HA%O F SO 4M3T I

TAXMANN®

HE H CT I H S WA NR OE C EI T F F A D/ EG HN T I T MA C OI RD F U SJ Y AD D! E H T FR O O D) O" I R % E P3 E AH M NT I I YH H T BY I WEB D DDE EAV L M I I F E RC EE BD E R LR L S O A HEI SH E LT B A EFY POA PY APM E EOS HCA 4AC

EU T A C L E L S E PES PH N !TI O F T SO A E L GU I T NG I I R T E US CI 2 EL E S 3D E I ORT O T I F R LO U A E C PGE PY3 AAF O NMG AYN N I GA T NP S I I L L ME I F O $ RC E ) E DH " I S % NT3 Y OL E CE H VT DI L TH U A T ONI HRW SEE T C L D! N E A T I D M4R I!O , 3C C 1L A 0AN N I SUS B E UI I HR T I 44R

S I E C T I C SA E L R U P 2S U NO OU I NR T I A O TT I L N A I OL I C I NCC OFN #OO DSC R NA R AE O NYR O ONT I E T A A EI I T D D F E I EF -S TM A S A SE E L D I TE N L AAL PHE TN MI A OWP #YM FRE O A T G E N RI EC L E EB U 23R YF O RN E PAD E SPI !MI F L OA #U AQ

Q7. A Practicing Company Secretary wants to establish his practice in the field of Mediation and Conciliation. He wants to know whether he would not be eligible to be appointed as a Mediator or Conciliator as per Rule 5 of Companies (Mediation and Conciliation) Rules, 2016. Advise him. [December 2019 (4 Marks)]

Ans.

R SO E L R U O 2T A I ND OE I T M A I S L I A C ND OL E #L E DN NA AP NM OE I T G A I N D I EE -B R O SF E I D N E AF I PI L MA OU Q #S FD I O E EB L L U L A 2H RSE E H PNF O I SS A R R E O RP T E A VAL I E I C W N O O ( C

L A R T N E # E H T F O N O I N I P O E H T N I H CE I D H U WI T EP CR NU ET F L F A O R NO AM RS OE F V L DO EV T C N I I V NT ON CE NM EN ER E BV SO A H'

T N E M N R E T VN OE 'M EN HR T E FV O O E' CE I V H R T E Y S EB HD T E L L MO OR T RN F DO EC S R S O I MD SE I N D RW OO N DO EI VT A OR MO EP R R NO E# EE BH ST A R HO

E T A I R P O R P P A E H T Y B G N I D E E C O R P Y R A N I L P I C S I D YR NO A Y NI T I R DO EH HT SU I A N UY PR A NN EL I EP BI C SS A I HD

L LYA A N I N C A O N I S AOS NTE I D F F E O T HA R CL P UE SRS I ESH VIF ARO HOE E G TTR U N A P ES H C MI S NDI RFD O E R E V O R H OE T T A T 'T TL I I LACC E A M F R N F T O T A N C C EE O R T #J O B Y EUL R HSE O K T T E I A L FH I O S T D I NNTE M OII I T S S N A A I E P S R SA E OT E I S ENT N HIRO A T R I P T NE A H E I T G HI SOTB L A RF HO OO EL E HI T H R OW F E V TI C T UA T DN NE OS CE R FP O E ER DD OE CS I ER HO T H RT E U DA NE UH DT EY BB I N R C RS S OE E W I R T P I E R SBO S H O E T T R U DDA E LR A E NIH OUT Q I E ER S S R O E SF F I E O L B RA PN G ON EI I HS R 4SA E E F P O RP PA Ans.

L A N O I S S E F O R 0 RL OA F I SC E I ND I U LJ E E DR I O U F 'E GB R NA I WE P OP L L A O F O T ES HE T I R DA ET VE OR RC PE P3 AY SN A HAL S P )M A 3 N #OU )#B FRI O R OT LF I ED C NDN UOA O#S SI E #S EE D HRO 4$B TAXMANN®

N A S A D E T A C I D U J D A E B O T D E I L P G PN AI SD A N HE RP OI S TN N O EI VA T L O C SL I NP I P DA ES GI R H A HD CN S A I D T N NE UV L NO AS N SI I

3 % ) $ % % 2 $ . ! & % ) , % 2

7.6

Q8. S is a newly qualified Company Secretary. He wants to know whether there is any dress code approved by the Council of ICSI as professional dress code, for Company Secretaries to appear before judicial/quasi judicial bodies and Tribunal? Advise S. [June 2019 (4 Marks)]

quasi judicial

) 3 # ) E I 4 K C E .

T R I H 3 E V E E L S L L U F E T I H 7

D E N I H 3 S E O H 3 R E H T A E , K C A L " L A M R O &

K C E N A H T I W E B D L U O C R E S U O R 4 T A O # T I U S E T A R O P RR OO CA EI UN L G " I S YN V) AE I .T

R E Z A L " E U L " Y V A . H T I W R U O L O C R E B O S F O S S E R D R E H T O O G YO NL A 3 E# EH R T I A 3W

D E N I H S C T E S E G D E 7 S E I L L E " S E O H 3 E K I L R A E W T O O F R E B O S !

E D O C S S E R D E M A S E H T D E B I R C S E R P N E E B O S L A E V A H T N E M Y O L P M E N I S R E B M E E H 4

Y V A . R O A I N G I S N ) O G O L R 3E #S U HO T I R W4 D RE E R S O UL OO RC 4R E B O TS A OA #R E TV I U O 3R E EZ UA L L " " YE VU AL ." (1) For Male Members:

(2) For Female Members:

3 % ) $ % % 2 $ . ! & % ) , % 2

Y HOED E AT T R H N N I R E EO T WDTT V N F N E X G O OEE N CLT R LEI O YBXEYU F NAENAN S AHYNMI S T O E A I PN N SHO ES MR MU PE C OPHEICUU H P R C A C N AEILW I S D B A H T I I E FL N N I LWRNNA O ATEIOS C HUGFIUN A T H SBN O N T O YSA I H E I NE W T V T TA N A EMER C EE L !PP NV Y T SMUEBNOA A E O ORKH R I CON CH T T N S D KN I EDO AEA PHL ANHN C U T MTERP EE ET ONNO H R #OOTEEXT B E C I H N E H L ET Y L W C HCARA A I E I T H D HDM S H T FS W O SYSN I T R H S A L H G E E T U C SI L N VA E F H I R OEEFE U SBDEPWD T NDU E NNO N R O T N OI NAI S I I SLSSDF R T I I N L E I C V RF A E A O EO E HP E HSH 3R H RPSUWUTT O R R E EHH YHU R C PH I E H KNTFF ST T A Y A !SWL PTAA F E H I EEMF Y NN T I VOO A EI I VF CTWD F S A E N I F M U M I X A M Y V E L Y A M 4 , # . E H 4

Ans.

R E P D N A S U O H T Y EA NE L OD SF E EO PY UA 2D

TAXMANN®

R E P D N A S U O H T Y EA NE L OD SF E EO PY UA 2D D N A S U O H T Y T F l S E E P U 2 D N A R O T C E R I $ N O Y T L A 0 N E0+

H K A L E V l S E E P U 2

Y N A P M O # N O Y T L A N E 0

Violation under Section Fine for continuing of 203 contravention Particulars

7.7

Q9. ABC Technologies Limited was incorporated under the Companies Act, 2013 as a closely held Public Company. The paid-up capital of Company is ` 15 Crore. The Company suo motu filed a petition for compounding of violation under Section 203 of the Companies Act, 2013 read with Rule 8 of Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014. The Company pleaded that it had tried, but was unable to find and appoint a full time Company Secretary as required under the Act. What would be the consequences for Company, its Directors and KMP in this case ? [June 2019 (4 Marks)]

O T D E T C E J B U SE EV R O A B 0A -D E +N O T I N SE R OM T C S EA R I D S T I T DC E! T I S ME II , N A SP E I M G OO L # O NF HO CS EN 4O I S #I V "O !R P EL CA NN EE (P

E DET EMA VE L L ER E I R PP G GUP A3!E R E NEH D OHT R STF O O R OH T E RC LE PA YEDU NPRS APOF EO AH T NT U AF O EO G L T TI N P F C I I S Y E !A I CR SM EA E R I LFW N A AAOL N E PU T F MB A O OIDN #REO 4 HT I EET S HT ME A T L U FL OQ E O R F Y PS N PY !A A NEDN H OT YO I T T F X M C I I EOS R S NH REI O D H E T T PRI L A SOWN !Y T N U R AU B I YOR B#4

Q10. PQR Express Limited is aggrieved by an order of National Company Law Appellate Tribunal (NCLAT). As a Company Secretary, advise the Company as to where an appeal can be filed against the order of NCLAT and also comment on limitation period of appeal against the order. [June 2019 (4 Marks)]

Ans.

O DT ET T I N EW VO EL L R PA SD A O I WR TE N P S ADY L L IA E A PSD PEY AH T X ETI NS HI T G THN T A I I HW D T E LE DA C EEX I P F S PE I T AO T A E S HN ST D I O TGI I N R I FI E L I P YFR AME MOH R T TF R R U E US F OU A #A N ECI T H MN T I EEW I R C PI D F UF E 3U L I ESF HYE 4BB

N O I T C I D S I R U J O N S A H T R U O C L I V I C S A S T I U S H C U S N I A T R E T N E T O N N A C T R U O C L I V I # TYEEC TD R E UNHNE I R PR OATM R F S E CO ORE F L E I R N L T T V A C NO E I N E I C C PUDYR OS O T BT I NE E I R W RRTOO N4CHP T IE!U GTSA Y I A N H L N TI RA L T C D E REF !EP H E EP TC T O DO N E EO!NRC R EUO MP N HRT E T A R R O GO UU R AT S OYOR B NI C YDY AUT U P -SR IEN EYORAN GNHEYI NATWBN ANUODE I !PE K HA A MTT CT N XRG E E N AE %T I SR B NNTIG A GEI CL SEO I OD E ABT T R R L E U L O ONJ PA ODP T &I HNC FT ! S ! E! C O NK I NR D S I OOAH I T SAT I T HCC NR NT CE UI OJ N R OE I I R U T T EHIJ D C C NA EVW$I N A L S RA OYU RHE IN NR E TC LT PL EDAO A A PNFY SH M3 !S AOB O T L A E P P A N A C D E T I M I , S T R O P X % # " ! E S A C N E V I G E H T N )

EL DLFNRN O HAIIAO A A D I I T T C UAC Y R C S E E EF BR EJ E P PDH DI E 3 3!T E$R EEN ENVTP ENY TRHI HO O I C T IR YTT AA !MFI F HCGTM S ROC G TO C I E ST I N A S E S EERPHSN! N R E S WE E MND O SNM O EOR SOPRAE GTO T L S E N AI C A !PGR E N N NO L HL I YE O ON APT AI F N P T -A B H O T N A A S I % E Y NSLT C T F GNIDEI IO S NOANRD R L I G A N S O AT R A I I HO HAA E R N T T T S CCSO P UC C U E J XILI F P A ! T E! I C %T EC AET!R O I S P E G L N NN I PSP N$R C E GY I AI O R SDE I T YT MA E B T R H C R N X E CUE A T L OL AEG I ER R &A ADPI H E Y R NUE$ FH E $ A D J O S A O T L D MTTNT AA A ! N I E RC SUM EEO S L SG E L A E H ME I N EANTTP T I HEAYN3 NRPR P P HBEE E OTP OV !H I H N!CEMT T X E O T D O C CO %A I E'SUT R R R T S ! N L A M OL O O A CC RR GRF T T GI A I C E NE N F T E E ER EI PN I %P T D R R T OR SEI I O P A FA !#$C N$&OO 1. Appeal to Special Director (Appeals)

TAXMANN®

T L R A U4N ! O, U ## B I E.R M 4 ELE A R T NA PU L UB L E 3I P R O4 P T ! E L A T E A EL H PL T PEF APO NPR A!E EWD L AR I F O N,F AYO CNT DAI P P EM E T I C O E M# R IL , F A O SN S E OT E I T R A PAD X.E %FH O T 2R 1E M DO 0R R EOF S TS S A Y NA CI NA EGD VA I A G I N ED I HNH T T )I F NO W ) Ans.

3 % ) $ % % 2 $ . ! & % ) , % 2

7.8

Q11. ABC Exports Limited aggrieved by an order of Adjudication Authority under Foreign Exchange Management Act, 1999, wants to file an appeal against the order in Civil Court. As a Company Secretary, advise ABC Exports Limited whether the civil court has jurisdiction to entertain such a suit ? If not, suggest an alternate remedy [June 2019 (4 Marks)]

E N S VNAL O AR SHA S TE RP EE P PH ! YT NO A R TR YO C T T !OI C TTRE O N N R HI EET $ MMU L EN!A GR I L G E AV C A NE NO N I P T A' U A 3B -L C I I ER EA D H 4 GRU T NTJ E T ANDRA HE!OL L C# N E XEA P %HY P NTB ! G E E I NH E R NDOT I A T OO O C M I &T T EL C FE RS O A E S DNE BRIP OOP U SNTA N NNADA E OIYR I B D R R T E E E C D F F D EI EE E S VR R RVEE P O I E RR SY PP G OA SSG HM !A AT

2. Appeal to Appellate Tribunal (Section 19)

Q12. Sundry creditors of MNO Trading Limited filed a complaint with the Registrar of Companies (ROC), Delhi & Haryana alleging that the management of the company is indulging in destruction and falsification of the accounting records of the company. The complainants request the ROC to take immediate steps to seize the books of account & records of the

3 % ) $ % % 2 $ . ! & % ) , % 2

R NO I T C NE OP PS UN I ER R F O E O H S W#R T/E A 2P H A T RP SA D E RN T DS I IA V OGS REK P2O EO HB TE EH T ST TI C WA !R H SET E HE I T V N O E AR I L PO E MN B OO O IT #S ESD HEN S T U S FO O O PR SG I E HB L NNA OIN I N T O O C S I ET A 3A E R MS RA OH F

L ALA I DAC EFE T DP N E 3 I R O E E PL H PT AAT DM TE O O R NTF A L ST I R A E HUD YMRR S N OE ADNP E AA PY MO GP ORND T I CS N N I EEA A HDT S T EBK FBOO I ORO ET E B CY T I H LFC T A E C KYU AI R S PLAF E MO R NA I E ER YYHU R R Z A D A I T T EE E E T S R E R C E R C EE C H S SET R YYSO NNRF AAOT PPDR EU MMI FO OOI # CCS v

R O R O T I D U A

R O R O T C E R I D Y N A

iii

R O L E N N O S R E P L A I R E G A N A M Y E K E H T O T G N I T A L E R ii

R O Y N A P M O C A

RH E C T U F A S YM R A O S R S F E S CT EC NA R T SX R E E DR I S O N OF CO ES E I HP O SC A E SK R E A PTT AOS O PT C DYS N NA T I AP T S A KMS OOE R OCP BEA HHP CTR UGO N SI S K EWO Z OO I L E L B A S

TAXMANN®

E H T H CD R N A EA S T DP NE AK E DR EA R I S U R QE EP R A EP BR O YS AK MO O SB A EH CC NU AS T E S I R S E S H A HW S CE UC SA L HP T I R WO RE E C T A N L EP

LD DA NI E ACI T HEM P C3 I R , E A HG ET S N I EMD HOA T RR F RR 4 OE / F D. SR E OS I NE MA H EGT R NF PI NO EI S AK HT T O DBO EOB T R U E E O T H N HT T EI E Z #WI E /YS NO 2A T NPD OME I OZ T I S CR E E O UH H QT T NFU EOA S VK T I O G O N EOS B HF I T E O H NE I T ERR U CZ U NI O I E# 3 S

O W T E R A E R E H T T C ! S E I N A P M O # E H T F O S NE OT I I I T R C O EH 3T FU O A SG N MI RD E N T U NO ) P M O C

LS A E R I T N N EA #P EM HO T # YE BH T DF EO T N S I E O S PO PP AR U $P 2E H RT OR T O C F ER R I O T $C LE A R NI O$ I L G A EN 2O EI HG 4E 2 R OA T S C A D ET R NN I $EA LM A N NR OE I VT G EOC 2'!

4 , # . L A N U B I R 4 W A , Y N A P M O # L A N O I T A .

EG CN I AN L P I A ET HB T O HE R CT R F A EA S Y L DN NO A M RE E T H N T EE Z YI AE MS D #N /A T 2P SE NK T OER I R S U A I O V S # OR RE L PP A I EAC VPE ORP BO3 ASE EKH O T HO T M OBO T HR GCF NUR I SE D RED ORR CEO CHN !WA

Ans.

7.9

company so that the management may not be allowed to tamper with the books of account & records. The complaint was received at 11 A.M. on l0th January 2019 and the ROC entered the premises at 11.30 A.M., for a search without obtaining an order from the Special Court. Comment on the action of ROC vis-a-vis his powers under the Companies Act, 2013. [June 2019 (4 Marks)]

Q13. Enumerate the Compounding Authorities under Companies Act, 2013. Write the procedure for compounding in brief. [June 2019 (4 Marks)]

Ans.

D MFR ROA R OE W F B R EM O F EUO HN T T NTMD N I EIE H EC I V RL NI O O OF V DFFN # U SS/I I E R 2 E E #V OF /IT F L 2ENO O DI M T SOA U E S L T I CN I N ! L A A P PE PU S Q A MO G E OPN R H #U I T D FP N N O SUO RI O D H A PE T R T S RMA S O I OB G F CL E D EA 2E N BHU T HI T RFB I I WCOR S S E E 4 GR I P NPO $ I L C I 2 F D O E,R T H.A T 4'HI

U P I T S T N U O M A E H T Y A P D N A L A N U B I R 4 $ 2 E HD T E X YI BF DE EM S I S T A E PH RT E N DI RH OT EI HW T D TT E E A 'L

E K A T L L I W # / 2 D N A # . ) M R O F N I # / 2 H T I W 4 , # . E $M 2A F3 O E RH E DT RF /O E ET L O I & N -

I R 4 G RN OI RD ON T U C EO R P I $M O LC A NR OO I F G D EI 2A EP HE T B EO R T OT F E N BU GO NM I A R A E EH HT LE A D NI OC SE R D E L PI L AW EH BC LH I L I WW L EA R N E HU 4B

N O C E H T S E T A T S N O T I SA E M L R U O 2F N N) OF I T O A I Y L T II C L I NB OI S #S DI NM AD A NN OI I T D A N I A D EE -R U ES HL O T C FS O I D Y T EI L L U A I 2T N E D I F -

Ans.

R E E DMC AOI F MCF SO EI BHY N LHA E L T A B R HIO Y SWR A ERO M CEC T H NT E ES EE F GRA F OIC $ O T LE N A H AEN T FMI OS O AG A S GE ET NH 2N I D TEE NDHM TN UR R OA R OE PWL V MRA OONO CFU' L L L B EA A I HH R R T T S4N RO EE OH H# F T NWOE H ORT T I A T N Y R A O T B CS E I IR L D G P E PEES A2HI T R SO YET R HN H E T T EU VO MA %T

DR NO AF N DO NI T UA OI Z PR MO H OT CU OA T Y R SA S N S OE I C T E U L N O SG E N R I D SI S V A O PR DP ND AN GA NN I O TI E T EA R -A P DE RR A G OPN I RD "O N EFU HEO T DP I DV M L O O RO (P C

TAXMANN®

S N O I T C E S T N A V E L E R E H T R E P S A D E V L O V N I E N I F E H T F O T N U O M A E H T T A E V I R R !

M O # E H T R E P S A G N I D N U O P M O C N O E D I C E D O T G N I T E E M D R A O BT AC R! S OE F I LN L A A #P

3 % ) $ % % 2 $ . ! & % ) , % 2

7.10

Procedure for Compounding of offence

Q14. Discuss confidentiality, disclosure and inadmissibility of Information under Mediation and Conciliation Rules, 2016. [Self Test Questions ICSI]

TNE NA T RHAA E I R CTEP NFVO O A OEH R CC P N YP N A OT AM A I T R S A E B Y D T MUR I S RSA N OEP F O HR N C T I EY E L HA A S T OO UL M T C C T E I S AI HS F DT A SL TN E L A O VAH I I H T T E A CS N EEOA S H R L R P OYYX T T R T R E A A A I H L PPC I C RU NYES ONHT CATN R OE S OMEE O HR RR T OF P T EOO A T T I T U D Y EPNI T O S I MI N T D A U AE T MR NH R O ET OP HGF P NO NI 7I

Disclosure of substance information to the party by the Mediator or Conciliator subject to maintenance of confidentiality.

TLE C AH ET I T J N B O UET D SI N RF O I ON T T OA A CM I L I T R C P O NE F OKN C I RET OBA RYH OAT T ME A S I O N D L OC EI S TI MA D EMT HR O T ON OF T L NL NIA OEH I H S T T A R T O MA T RHI A OTL F I NC N ON I I SI T O E DC VN R I G OO YCR T OY CT R I A T F A I R PC I A D AEE P NP R ESME HAEH T HO OT 7T

R T A O E HCN T TL L O A A RHH OTS R SNO I T R G T ON A I PV I L I ER C R EN SSO DEC RL R OIO CHR EWO R T FRI A O O T D A NL E I OC IM I T NE A OH R C A T P D ERN O R PRA L OA RT I OA T IN LDE A E D S I UMF REN E O HC PT RYE OB B T L S L P T A I N E H CES EMY R T U I EC C HO A 4DP

3 % ) $ % % 2 $ . ! & % ) , % 2

F RESO A OH NT RP SEOU R T LO N OA R F EE NG MB U BR U CNIO R O N OI 4O DT A E S EI T R L S I A E C L ON P L HO E T PY GCPN R!A NO I R D E O RNH O A T Y I GT T R I EA O R R I O L D NE A H T OM NU I U T A BA EI MHR R E RT4H OGET F NH O N I R I TY EURN GDO A L DTR U N E VR EO I IM D P E SNB ON T RY DAE ERVA T L O M L T E PA' E H S L S MWA N A R O O CS T CON T R EE ESEH #TP BA

TY A L E HR T TO SO T T N NS ELA VL EAS H G FS N O I DD TN E C E EAC P O SNR O E I R P T A R NL I E I IH YCT N T O I O L C N A I I T D N N O ENI DAT I NA F O N M I OT R CA O I F D NE N I I A M D T I N A I ES A H MTE H GT LN L A E IC HR SUU D SDO E DR I E T T R R N I A I PPR S NO EA HR N 4T O

R HRO E CH T I A H T I WOD E NRM O OL I T E A A I H T I T L N I R C E O ND OIE S CFI N T ROR OC A N P S OA E I T H DT A E I Y T D A B EE MR N T E EE V HB I G T G N NOO T I I R T D A UE DI R M R DU O EQF NEN I R I A T YR L B O R OS O S S T T E SR F A T I N PAI L EXRC MEDN SO UEE C CRT OEO R DWNO

R O T A I L I C N O C R O R O T A I D E M E H T Y B D E S S E R P X E S W E I V R O E D A M S L A S O P O R P L I C N O C R O N O I T A I D E M F O E S R U O C E H T N I Y T R A P A YS BG EI N DD AE ME C NO OR I P S S N I O MI T DA AI

R O N O I T A I D E M E H T F O E S R U O C E H T N I Y T R A S PG N AI D YE BE C DO ER S P S E N R O PI XA T EI L SC I WN EO I V C

7.11

N O C R O N O I T A I D E M E H T F O G N I D R O C E R O E D I V R O O I D S UG AN I OD NE EE BC O LR L A P HN SO ET I R A E I HI L 4C

E H T Y B D E D R O C E R E B L L A H S S E S S E N T I W E H T R O S E R I O T T R A A I PI L C FN O O TC N R EO MR EO T T A A T I S D OE .M

S E L U 2 N O I T A I L I C N O # D N A N O I T A I D E -T N SE E M I E N E AR PG MA OT N #E EM HE T L T FT O E 3 R O EF L U E 2I D V O R P

LESN L A I B A A H LL T OL B T AE DHSO RSNO A UL S GEO T AN EMC R A YE Y AM NSN I E E SHAME T E RR FO I I G T GDT R A AT N A NI PIA DN D EE EE S E HC M E M I T T E L NORRT ERAOT EPPRE WEEOS T H E TT HA E T H I L BN T I Y C N DIBN O ES HEDOE L U C E CS N S E AS N GH EII U R ESTO HDSC ST I E N TFA I H T N O R C E A G U MENPS I EMT F E O I ES HO R R E G RWTR D AO U O E T NSTT A N AE D N U E ES ES G C R I S E S I E UR HEDP E ER EH HR 7T T

(1) Written Signed Agreement between the parties resolving some or all issues – duly signed by the parties and counsel if any

EM I MH EY HB T OD T E N DG EI T S T I R ME T BT UE SL G EN BI R LE L A HV SO DC EA NH GI T I S W OL SL A SH E I S T R O A PH EW HR T O T FA O I L TC I N EN O MC ER EO R G R AO T EA HI 4D

(2) Submission of the Settlement agreement to the mediator or conciliator, Mediator or conciliator to forward the same alongwith covering letter to the Central Government or Tribunal or Appellate Tribunal

TAXMANN®

Q15. What is a Settlement agreement as per Companies Act, 2013 and the Companies (Mediation and Conciliation) Rules?

Ans.

S SOA EI T HR T L OEA ET MN R A AU OI L S I F B C E I BNER H OT 4 SCT E E T RRA I T OOL R P L R A EE OR PT P LP EAL HIA! D H T ES E H NME T E R EEHO WH E L TTL A E E B N I R BE S U S TH B OI A WP R D S4 ERI E HOT H C NT A E ERG M E O R N L ETT I SU L NR I I T RT EW TNE N EISMN N D O ME NRI I EF E TEB V EI A C O R EH' G Y PTL AS A WAM OTE R I NM T I E V N S EL IEE A R E EH#C T HM EE FH H 7T IO TT

T EN HE T FM O E L ET S T OE PS SD I E D V RO E R DP RP OA EE T H A T I F R PO OI S RS PA PB AE NH AT YN BO LM L I A HH E SR RO E F CE I F B F G /N I GD NN I T E A P CG I D N UD I J D E !ES M ECR O HR E 4P T E G VE N R I I E S S T NHO N ETP E HDI SM E N R E ADL PS RT T E MR E OEDS CBRE O MN H AE T AF S-S G SO NEA W I MPE D EIYI E4AV CEMN OL RORI E PHC M I T7I H F N F F/ EO E R L R R G O UEN F CNI E NATB A O0C S CEI G N FHDI T U O J D YD E EB! S E D A C DO EE CS R NSNP A R ) T E PC N E B A NV YOL E ACE E MH R E RTH R E E T DT RF F OA O Explanation

TAXMANN®

E H T R O L A N U B I R 4 E H T R O T N E M N RE E VB OY 'A LM A R E T S N A EC #E EH HT T S OA T L EA N MU AB S I ER H4 T E T DA RL L A E WP RP O! F

RN E DA RH OT R EEN T HI O A T T I O R A L PDU OE G RT PAE I PI 2 T AN F NIO AE YB BON LTO L D A I EA T HS SO L U SP R G OE E RR BP MRB EOU -DS EI N ET MAO I T T II 4 D N E EIR S L R G O E NF HI E 7D ER EE S HCG T OI N FRD O PE LFE E C NOO E AS R 0O P EPE S HI H 4D T

ESE E HS HI T T T I M NR TR I ULE A U C T AT EF N T OSE N CEDE LHDM L T E A E G HFE L T SOL T SSL E NNAS OEE OI I HH T S T I T A V L OD U OT GRTN EPNA R AY T VN EN S E AL A E F HVEI E R T L ST RE E R E N D CA N N C SA I UT L T P L S DU P MA EA S FUE S E CH A R PDI T RDCY E EDB DGN RL EA E OL D SA TA T N EECM A MHFS T F N EFE O L I O T I R T S SBS E L I S I EASM T W HE D AA 4DL

EL E HI T H R OW F E V TI C T UA T DN NE OS CE R FP O E ER DD OE CZ I ER HO T H RT E U DA NE UH DT EY BB I R N C RS S OE E WT I R P R I E SBO S H O E T T R U DDA E LR A E NIH OUT Q I E ER S S R O E SF F I E O L B RA PN G ON EI I HS R SA 4E E FP O RP PA

Ans.

3 % ) $ % % 2 $ . ! & % ) , % 2

7.12

(3) Failure of settlement agreement between parties the mediator or conciliator , to report the same to the Central Government or Tribunal or Appellate Tribunal

Q16. What are Settlement Orders under Securities and Exchange Board of India (Settlement Proceedings) Regulations, 2018?

Ans. Settlement of proceedings before the Adjudicating Officer and the Board (Regulation 23) 1. Disposal of proceeding by the Adjudicating Officer based on the approved settlement terms

2. Disposal of proceeding by the Panel of the Whole Time Members except to the Regulation 23(1)

3. Settlement order to include details

Q17. Explain Professional Dress for a Company Secretary.

3 % ) $ % % 2 $ . ! & % ) , % 2

L A N O I S S E F O R 0 R OL F A I SC E I ND I U LJ E DE I R U OC F 'E T GBE NR4 I A! WE P3 OP L L 4 A! O F O, T ES HE # T I. DR EA VT4 OE, RR# PC PE. 3 E AY K SN I A L HAL S P )M A 3 N #OU )#B FRI O R OT LF I ED C NDN UOA O#S E #SI S EE D HR O 4$B S R E B M E E L A R O & ) 3 # ) E I 4 K C E .

R E S U O R 4 T A O # T I U S E T A R O P2 R O/ CA I EN UG L I " S N Y) V AE I .T

R E Z A L " E U L " Y V A . H T I W R U O L O C R E B O S F O S S E R D R E H T O O G YO NL A 3 E# EH R T I A 3W

D E N I H S C T E S E G D E 7 S E I L L E " S E O H 3 E K I L R A E W T O O F R E B O S !

K C E N A H T I W E B D L U O C

D E N I H 3 S E O H 3 R E H T A E , K C A L " L A M R O &

Y V A . 2 / A I N G I S N ) O G OR L E S 3U #O HR T I4 WD E R RU E O S L UO OC RR 4E B O TS A OA #R E TV I O U 3R E EZ UA L L " " YE VU AL ."

S R E B M E E L A M E & R O &

T R I H 3 E V E E L S L L U F E T I H 7

7.13

quasi-judicial

Ans. Offences cannot be compounded under the Companies Act, 2013 are as follows:

AHE TB YIT BWO EN DL N EB T A AC T I H SE MI N MNI OUF CPH T EI RC E HNW E T O F E FL S HO W A ND TAN C GA !N T IN E SB I E H M T FN RO O E ES DR I R NEP H UT M ERI L E B R C O AF I HF Y S L ION N UYO N PA T N D ERE E CO D N MN EYNU N F OO F A S O I P PR M YMP NOMO !C IC

FG I N DI ED DN NE UP S OI PR MO OD E CT EA I BT I ON SI L N A E TE O NB NS AA CH Y EN L B A AP DM NO UC OH PC MU OS CS T EN S I I A WG RA E N HO T T IC O T EA! G CI S NT I S H EE T F F V R O NE I YE D NH N !T U

FT D I Y D O O L E Y I P DB DP R OD E NA I P U R TA EO E O T T PI PN F AMMLO L I Y OW NMC R I I H O P T CEDX I N B WET UE COO E RN H E NPT CENMR F I F A F E O F COT O R CF SANOA T L T O I I I NDD E RMT E OT OICI TD S E T I N Y SC MU I NASR I AHH T MO S C PI TE OP MH RRCM OWESEO I D C CC N NHN AO E UTEB YE RF BTDAFO L O E I T DADM TE N EDNI L E T E S B U T H I T U I O G O Q MTP I N L E E MMM S S O S OIBR OR E U C CF A CS ESSN E RY CRAE A O WF NE F E D EY E O F NR F EM O E I H O E H H CT R T NH EF RF !T 3O O)

Offence punishable with imprisonment only or imprisonment and fine – Not Compoundable

Compoundable offence in case the investigation against company is pending or has been initiated

Offence committed within a period of three years from the date on which a similar offence committed

TAXMANN®

Q18. Specify which offences cannot be compounded under Companies Act, 2013?

R O S R A E Y N E T N A H T S S E L T O N R O F R E N O I T I T C A R P L A G E L D E I F I L A U Q A S I

N A S A D E T A C I D U J D A E B O T D E I L P G PN AI SD A N HE RP OI S TN N O EI VA T L O C SL I NP I P DA ES GI R H A HD CN S A I D T N NE UV L NO AS N SI I

L A R T N E # E H T F O N O I N I P O E H T N I H CE I D H U WI T EP CR NU ET F L F A O R NO AM RS OE F V L DO EV T C N I I V NT ON CE NM EN ER E BV SO A H'

T N E M N R E T VN OE 'M EN HR T E FV O O E' CE I V H R T E Y S EB HD T E L L MO OR T RN F DO EC S R S O I MD SE I N D RW OO N DO EI VT A OR MO EP R R NO E# EE BH ST A R HO

E T A I R P O R P P A E H T Y B G N I D E E C O R P Y R A N I L P I C S I D YR NO A Y NI T I R DO EH HT SU I A N UY PR A NN EL I EP BI C SS A I HD

S REI E HH HT T F FO O ROM OYI LNH A A I Y C NOB ATE D NE G I R F T A A HL H CE C UR S I SSD TIE N R EOH M T E Y NTL L RUA R P E I O VSC I T I OD A I ' DI L LFUC J O A E N R R RP O T E N C T TR ET #ACO E EMFR F HTA O T T C O A FE I T J O D B YE NU L OS E I KM N EI A I HL P SA S OTI ENSS I A HT N T O I NSST E E I I R C T E ST R N A A U NP HI F

R E D N U Y L L U F S S E C C U S S A H O H WN O NT I OA I I T L A I I C L I N C NO OC CR RO ON O NT I OA I I TD A I E D EM MN I NG I N TI R N E I PA XR ET E NN AO SG I

R O M U R O & R E M U S N O # E T A T 3 Y N A F O T N E D I S E R 0 R O R E B M E A N E E B S A H

N O C R O R O T A I D E M S A D E L L E N A P M E G N I E B R O F D E I F I L A U Q S I D E B L L A HE SH F NI OR SO R T E A PL I I !C

SY UN OA UP NM I T O N O# CR FO O T N SA R T A EN YU O NC EC E! T F T I F S O T# S A R EO L T A T N RA OT F N LU A O NC OC I S ! S E D F E O R RE PT R AA NHR E#O E BSY A S R E A A CT HI E T R RC C OA E R3 SP I N A I D N ) R O E C I V R E 3 W A R ,O E T E A C R N OE PI RR OE P #X NE AS I R D A NE ) EY HN T E E NT I F I RF E H CT I I F F W /E C NI AV R NE E3 EL BA G SE A H, f

A . E H T T A D ER T O U T I E T C S R NO OF CN LI A G NN UI BE I B R 4E AM I FT O E RH A T R R T S O I F G EW 2A L RY ON RA E R BE MD EN -U L AE V NE EL EL BA N SO A I HT

R O E G D U * S N O I S S E 3 D N A T C I R T S I $ A N E E B S A H d

R O T R U O # H G I ( A F O E G D U * A N E E B S A H c

R O A I D N ) F O T R U O # E M E R P U 3 E H T F O E G D U * A N E E B S A H b

TAXMANN®

N O C R O R O T A I D E M S A D E L L E N A P M E G N I E B R O F D E I F I L A U Q E B T O E NH LS L S A E HL SN NU OR SO R T E A PL I I !C a

3 % ) $ % % 2 $ . ! & % ) , % 2

7.14

Q19. State the qualifications and disqualifications of Empanelment as per the Companies Mediation and Conciliation Rules, 2016.

Ans. Rule 4 and Rule 5 of the Companies Mediation and Conciliation Rules, 2016 provide for the qualifications and disqualifications of Empanelment Qualifications for Empanelment (Rule 4)

Disqualifications for Empanelment (Rule 5)

3 % ) $ % % 2 $ . ! & % ) , % 2

S E L U 2 N O I T A I L I C N O # DR NO AT A I NI L OC I T N A O I D # ER -O R SO E T I A N I AD PE MOF #O E EL HO T F2 O E H T R O EF L U E 2D I V O R P O T T P M E T T A L L A H S R O T A I L I C N O C R O R O T A I D E M E H 4

S E I T R A P E H T Y B E T U P S I D E H T F O N O I T U L O S E R Y R A T N U L O V E T A T I L I C A F

R E H T O E H T O T Y T R A P H C A E F O W E I V E H T E T A C I N U M M O C

S E U S S I G N I Y F I T N E D I N I M E H T T S I S S A

S G N I D N A T S R E D N U S I M G N I C U D E R

S E I T I R O I R P G N I Y F I R A L C

T P M E T T A N A N I S N O I T P O G N I T A R E N E G D N A E S I M O R P ME OT CU P FS O I SD A E EH R T A E GV NL I O R S OE L R P XO ET

EE S H OT PF MO IT YN AE MM E RL OT T T E A I S L I Y C L NR OA CE RR OO RF OS T E A I T I R D EA MP E EH HT T N SO E I T SI T R NF A OM PT I E EI E HDD N T OY HC T A O BDM FNE A O TSH N S M A ER S E NET OTU H CC P S NU I /S D

E C N E G I L I D E U D H T I W D N A Y L T C I R T S S E L U R E H T E V R E S B O D N A W O L L O F

N O I T A I L I C N O C R O N O I T A I D E M E H T F O S S E N R I A F D N A Y T I R G E T N I E H T S DS L E O C HO PR UP

L EA R R A U ND OE I C T O A I R L P I C E NH OT CF RO OG N NI OD I N T A A T I S D R EE MD N EU HE T T NA I U DQ EE VD L A O VN NA I E SVS E AS I H T E R DC A O PNR EAP D HE E T H TMT A RF HOO F T S N EI T R C YE UR L SI P NA S A EF

D N A E K A T R E D N U O T R DE EN I F N I L A A UM QL A SN I EI O HS SS E RF OO ER HP TA A N HI T T F LN E E S M R E N HG I RS OS FA L E E S H MT E IT H E L YP F S M I T O A C S

R O Y T I L A I T R A P M I TS C A EB I F F A R O OY T T I YA L L E I T KR I L A PP I F H O SE NC ON I T A A R L A E R E P RP OA TN S A E R K E E T E N I S T YH NG AI EM S H OC L C I H S I W D

N O C E B R YO L B T A AI NI L OC SN A O EC R R LO L A R HO ST HI A CD I H E WM TA C UF DO NG N OI CM RO OC YE T B I V N I T U C T AC YU ND AN O NC OS YA R R D A E CR E TD O I NS

n L L A H S R O T A I L I C N O C R O R O T A I D E M E H 4

TAXMANN®

T NN OE I S M I C E ET L DT EE KS F AO T OS T M SR E E I T T R A Y PN EA HE T S FO O P YM T I I L T I B O I N S NL L OA PH SS E R E EH HD T N SA I T I TM E A H HT T S E GTI T NCR E I F S A F I P A S A E HH HC PI T MHN EWO Q21. Write a note on Ethics to be followed by Mediator or Conciliator as per the Companies Mediation and Conciliation Rules 2016. S E L U R O 2T A NL I OI I C T N A I O L I # C NR OO #R O DT A NI AD NE OI T Y A B I D D EE -W O SL E L I O N F AE PB MO OT #S C EI H HT T F% O E H T R O EF L U E 2D I V O R P Ans.

7.15

Q20. State the Role of Mediator or Conciliator as per the Companies Mediation and Conciliation Rules, 2016. Ans.

R O Y T E I R P O R P M I Y N A S E I T R A P E H T H T I W G N I Y T T A E CR I I N P UO R MP MM OI CF O EE L I C H N WA R A DE I P O VP AA

N I D E S O P M I Y T I L A I T N E D I F N O C D N A T S R UO RT T A FI L O I C PN I O H SC NR OO I T R A O L T E A R I ED HE T M OF T LO U E FC H I F T F I A O F E EH BT

N I E T U P S I D A F O S N O I T U L O SW E A R L E EL HB T A C OI T L P DP EA T T A L N E A R V E SL G E NR I D E EH ET CH OT RI PW LE L C A N TA C D UR DO NC OC CA

F I Y O L R I SC A E T NN L O P U C I L C RO NO V I R PNA OH NT I C OA A IE DD EE R S A MO B T EE S SH I I T NTR OTA A I T HP A T F I L I DO C Y NNT A I OS L I CE B RT IA OR NAED H OPT N I T E A A HN O I T T D PN EYU E MB M S NEE EO I L E HI R T TEG TARA S A NS HIE D T M E ERCS O S E O R I T L P N C E S GD N I OF OD CL I N T EA ES U R -

F SO C I E H T C I E T EO HN T E SH E T T A O L T O I T V I RG ON T I R A I B L I C Y L NE OT CA RI OD RE OM T M A I I D Y EA MM FY O T TR C UA DP NE OH CTR TEO L A T U HR C T E SI SI R DH $ NT I L F NA YI N T NO R I A WG PO YDE ND2 E AI H AT FL )

) ) E L U D E H C 3 G NN I I DW EO T L A L CO I F D E NH I ST R O OT T C D AE F T EI HM T I L ST MO RN E T T U TB N EG N MI ED L U T L T C E N S EI HD T E TR A E D GI NS I N V O I R C R A E EB L I Y H A 7M

D E T T I M M O C S I T L U A F E D D E G E L L A E H T E S A C N I T N A C I L P P AS N EO HS T YR BE DP EF YO AP L U P O ER L G O R EA Y HB T

E R U T A N

E D A M S N I A G R O D N A S R O T S E V N I E H T O T S S O L R O D N A M RT A N HA FC O I L TP N P EA T E X H ET EY HB T

N I M O T T L U A F E D D E G E L L A E H T E C N I S D E C U DS OE RS T P N A I NL ER EO BT S L EU VA AF HE TD A E HR T U ST E U S F S E E CZ OI RM PI

T N A C I L P P A E H T Y B D E S O P O R P E L U D E H C S E C N A I L P M O C

E C N A I L P M O C N O N E H T M O R F N O S R E P Y N A O T G N I U RE C C CN AA SL I T I P F E M N EO BC D CE I Y MA OL NE OD CR EO

S T L U A F E D D E G E L L A F O T C A P M I D N A Y T I V A R G

N O I T A G I T S E V N I G N I D E E C O R P D E I F I C E P S E H T G N I R U D T N A C I T L I P D PU AA ER HO T FN O O TI C T C UE DP NS ON CI

E C N A I L P M O C N O N R O F T N A C I L P PD AE ED HU T L T C S N NO I A C GR AO GG NN I D I ED EN CE OP RS PI RS E W HA T L O S YE NI T AI RR E U HC T E E S HF WO

Y T I L A I T N E D I F N O C O T SS A T L SU E S I T E R R A F PO ES HE T E FT O N SA NR OA I T U A G T C R EO PS XE ES I EM L B AO NR OP SM A O ER R EF N HI T A NR I F A E T R N I D A N MA

Q22. State the factors to be considered to arrive at the settlement terms as per the Securities and Exchange Board of India (Settlement Proceedings) Regulations, 2018

Ans. Regulation 10 of the Securities and Exchange Board of India (Settlement Proceedings) Regulations, 2018 provide for the factors to be considered to arrive at the settlement terms TAXMANN®

3 % ) $ % % 2 $ . ! & % ) , % 2

7.16

3 % ) $ % % 2 $ . ! & % ) , % 2

Y B E C N A I L P M O C N O N E R U T U F R E T E D O T Y R A S S N E O CS ER NE P ER R E A H HT CO I N H A WR SO NE OM I T A I D S NE OH CT

O T E U D Y E N O M F O T N E M Y A P G N I D RM A GE EH R T SO R T OS T E S I E T I VR NU I C FE O S MF IO A Y L C R E FV O I L NE OD I T R C AO F M S I E T A H S T i

T N A C I L P P A E H T T S N I A G A N E K A T N E E B S A H T A H T N OD I T N C AA TN N O EI T MA EL O CI R OV F E N EM A RS E HE T H O T YR NO AF

E S A C E H T F O S E C N A T S M U C R I C D N A S T C A F E H T N I Y R A S S E C E N S R O T C A F R E H T O Y N A l

E D D N A N O I T A N I M A X E R O F E E T T I M MS OM #R LT E A NT RN E E T M N ) E L OT T T E DS EE R H R T E F F E O R N NO OI I T T A A N CI I L M P R PE !T

E NE RI A HT T ET I PI PWM ASM LMO A NR# L OEA STN T R N E R E PET RMN E OL ) T E DTH NET F ASO D EE NS OI T I VA T ED A MRE RFH OOT N F N OM I I O S R RS F OI F S MY LBA L A UD CS G OEN T HI K ETR T EI O T M T I W R ME N E MPT ORF #OO LDDG N A N OI NAR I T REE E C E T NPE N AAM ) Y A M E E T T I M M O # L A N R E T N ) E H 4

T I E R O F E B T N A C I L P P A E H T F O E C N A R A E P P A L A N O S R E P E H T R O F L L A C

T N A C I L P P A E H T F O E V I T A T N T EN S A E C R I L PP EP R A DE EH Z I T R OF HO T F L U A AH YE L B U DN O AT TN A E HS T E R P E R Y A M

NE I H H T T I F WO E ST MA RD E T E H TT N EM MO ER L F T T S E Y S DA ED S G I N V I EK R R TO I MWG BNN I UET STE OGE T N M I TD E N E E AE T CC T I I L X P EM PT M AO O EN# HD T L A ON T II R R ME E RP T E N PA)

EY HB T E L OB T A GN NI I A N T I B A O T R R E PO T N C A T C E I L SP T P N A EE MH UT CF OO DN O NS I OS I T E A S MS RO OP F N I N I TS N T AL T VUN A EF A L E E C I R D L RDP OE P F A LGE E L L A L H CA T

TAXMANN®

LOS L A M HRR SPE ET NH T OT N I T E R A CEM H I E L T L P E T PH T E AW S NEE AN H SIT NME N OAI I XM T A ER L U OE T GTE EED R E S ET ON TT S I O E I OT HMS A T M L F U NOI I G D#DE ELNR DAAE N I S RDE V E OEL H RTT T T N P) E H ENSI T S AEW I W BE ROYC T E AN HDM A T E D O R SR R G SE O A FNC EEIC VRDA E AEE N 3BC I

7.17

Q23. Explain the Procedure of settlement before the Internal Committee as per the Securities and Exchange Board of India (Settlement Proceedings) Regulations, 2018

Ans. Procedure of settlement before the Internal Committee (Regulation 13) as per the Securities and Exchange Board of India (Settlement Proceedings) Regulations, 2018 is stated below: -

Provided

NDD EE ER T D EN RD E IE T S F NM A OM DCO EEC VB E I R E Y CAE EM H R T SR SY E MA V RDO E GT T NN TK I N E ERC MOR E EWP L Y T T T N N E E S ET WF DT EN O S I IE V H S EI T A R E W T RN ETC HU U NO T TBIM N S A Y AA HA T T DON GTE NTM C I EL E K RJT T B OU E WS S

Provided

E H T E R O F E B D E C A L P E B L L A H S Y N A E FE I T T SI MM RM E T O T# N Y ER MO S EI L V T T D E ! S D DE ER S OE PW O RO P0 H EG HI 4(

Resolution of Corporate Disputes Non-Compliances & Remedies (RCD | RCDNCR) | CRACKER AUTHOR PUBLISHER DATE OF PUBLICATION EDITION ISBN NO NO. OF PAGES BINDING TYPE

: : : : : : :

Atul Karampurwala TAXMANN July 2022 4th Edition 9789356222946 334 PAPERBACK

Rs. : 375 | USD : 36

Description This book is prepared exclusively for the Professional Level of Company Secretary Examination requirement. It covers the questions (topic/sub-topic wise) & detailed answers strictly as per the syllabus of ICSI. The Present Publication is the 4th Edition & updated till 31st May 2022 for CS-Professional | New Syllabus | Dec. 2022/June 2023 exams. This book is authored by CA Atul Karampurwala, with the following noteworthy features:

· Strictly as per the New Syllabus of ICSI · Coverage of this book includes Fully-Solved Questions of Past Exams; Topic-wise



Solved Paper: CS Professional December 2020 | New Syllabus



Solved Paper: CS Professional June 2021 | New Syllabus



Solved Paper: CS Professional December 2021 | New Syllabus



Solved Paper: CS Professional June 2022 | New Syllabus

· [Arrangement of Questions] Questions in each chapter are arranged 'sub-topic wise'

· [Important Additional Questions] with Answers are provided · [Marks Distribution] Chapter-wise marks distribution from June 2019 onwards

· [Trend Analysis] Previous Exam Trend Analysis from June 2019 for New Syllabus

· [ICSI Study Material] Chapter-wise comparison

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