ICSI Due Diligence and Corporate Compliance Management Solved Question Paper 2013
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the notice for a Board Meeting and the contention of some of the directors is not legally valid. However, as a good secretarial practice, notice for every board meeting should be sent to all the directors eligible to receive the notice. c Transfer of Unpaid Amount to the Investor Education and Protection Fund i Check whether the company has duly transferred the following amounts to the Investor Education and Protection Fund a amounts in the unpaid dividend accounts of the company. b the application money received by the company for allotment of any securities and due for refund c matured deposits with the company d matured debentures with the company e interest accrued on the amounts referred to in clauses a to d above if such amounts have remained unclaimed and unpaid for a period of seven years from the date they became due for payment and filed a copy of challan evidencing such deposits with the Registrar. ii Whether company has filed Form 1 of Investor Education and Protection Fund Awareness and Protection of Investors Rules, 2001 duly certified. iii Whether the other provisions of Investor Education and Protection Fund Rules, 2001, As for as applicable were complied with. 2013 - June 7 a i , ii , iii i As Register of Investments the following compliances are to be ensured. To check the following entries in the register a The name of the investee b The amount, terms and purpose of the investment c Date of Investment To check the above entries were made chronologically within seven days of making such investment d Whether all investments made by the company on its own behalf are held in its own name. e Whether Certificate or letter of allotment of concerned shares or securities, is in it s custody or with the banker etc. and make a physical certification of it.
Appen dix C S Pro fessio nal Program me Module - III Paper 7
f When any shares or securities in which investments have been made by a company are not held by it in its own name pursuant to permissible conditions in section 49 of the Companies Act, the company shall forthwith enter in a register maintained by it for the purpose, particulars specified below the nature, value and such other particular as may be necessary fully to identify the shares or securities in question, and the bank or person in whose name or custody the shares or securities are held. To verify that the register is kept open for inspection of any member or debenture holder of the company, without charge, during business hours, subject to such reasonable restrictions as the company may by its articles