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Question September-2022-Exam.

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12 views

Question September-2022-Exam.

Uploaded by

Ashraful Alam
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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CMA SEPTEMBER-2022 EXAMINATION

ADVANCED LEVEL I
CORPORATE GOVERNANCE & SECRETARIAL PRACTICES

Course Code : LT344 Total Marks : 100


Reading Time : 15 minutes Writing Time : 180 minutes

Instructions to Candidates
 You MUST NOT write anything during the reading time.
 There are 5 (five) questions.
 You should attempt ALL questions.
 Answers should be properly structured and relevant.
 Carefully read ALL the requirements and sub-questions before attempting a specific
question.
 ALL answers must be written in the answer book.
 AVOID WRITING/MARKING on the question paper at any time which may cause
disciplinary action.
 Start answering each question from a fresh sheet.
 Answers should be clearly numbered with the sub-question number.

Allowable Materials
 Writing Stationaries
 Non-programmable Calculator

Assessment Structure

Sub- Expected Time


Marks
question Required
Question 1 Essay/Computational/Case 3 20 35 minutes
Question 2 Essay/Computational/Case 3 20 35 minutes
Question 3 Essay/Computational/Case 3 20 35 minutes
Question 4 Essay/Computational/Case 2 20 35 minutes
Question 5 Essay/Computational/Case 3 20 35 minutes
Revision 5 minutes
Total 100 180 minutes

RESTRICTED USE
This paper MUST NOT BE REMOVED from the examination venue

Do not turn the page until instructed


QUESTION 1
(a) A Company is a person, resident and citizen. Explain these three status of a Company
according to the concept of corporate personality and nature of corporate
characteristics.
(b) What is the procedure of conversion of a Public company into Private Company?
(c) What would happen if a public limited company carry on business with less than the
legal minimum number of members? Would it be different if it is a private company?
[Marks: (10+5+5) = 20]
QUESTION 2
(a) What are the matters which require sanction by Ordinary Resolution and Special
Resolution?
(b) “The validity of a resolution passed at a meeting depends on the proper constitution
and conduct of the meeting.” - Explain.
(c) State with reasons in brief, whether the following statements are true or false:
(i)
Resolution for availing of a term loan sanctioned by the banker of the company
can be passed by circulation.
(ii) All resolutions that are passed at Board meetings need only simple majority, as
special resolution has nothing to do with Board Meeting.
[Marks: (5+5+5+5) = 20]
QUESTION 3
(a) What is meant by the term “ultra vires”? What is the effect of an “Ultra vires”
transaction as far as the company and its directors are concerned?
(b)What are the rights and duties of Directors of a company?
(c)What are the Businesses at the First Board Meeting of a Company?
[Marks: (10+5+5) = 20]
QUESTION 4
(a) “A company secretary plays vital role in corporate governance of a Ltd. Company”
explain the statement.
(b)What are the qualifications and experience required and the duties of a company
secretary of a public limited company.
[Marks: (10+10) = 20]
QUESTION 5
(a) Describe an outline of the secretarial work involved in the allotment of shares and
forfeiture of shares.
(b) Distinguished between “Motion” and “A Resolution”.
(c) “Quorum is necessary for the AGM of Ltd. Company” explain the statement.
[Marks: (10+5+5) = 20]

END OF QUESTION

CMA September-2022 Examination, LT344 [Page 2 of 2]

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