v Introduction of depositories after enactment of the Depositories Act, 1996 has made the transfer of shares and debentures free from hazards that were previously being faced. 5 marks each
a Referring to the powers of the Securities and
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P. T. O.
Exchange Board of India SEBI to issue guidelines, state the salient features for issue of the Indian Depository Receipts IDRs by a company registered in India. 5 marks b Enumerate the points to be checked by a Practising Company Secretary in respect of utilisation of monies advanced. 5 marks c State the restrictions imposed on composition of the Board of directors of a listed company to which Clause 49 of the listing agreement is applicable. 5 marks d Mention the circumstances in which a company is required to file shelf prospectus, information memorandum and red-herring prospectus before issue of securities to the public. 5 marks PART B Answer Question No.7 which is compulsory and any two of the rest from this part. 4.
a Distinguish between management audit and compliance audit and state the role of the management auditor in relation to the success of a business enterprise. 10 marks
1 2007 SMSA