Whether scheme of IBC,2016 contemplates that sum forming part of Resolution Plan should match with Liquidation value ?
Anonymous Quiz
14%
Yes it should match
83%
No there is no provision or regulation to match Resolution plan with liquidation value
1%
It depends on NCLT decision
2%
It depends on COC
Whether it is permissible to initiate CIRP under section 7 against Debtor and Guarantor for same set of claims ?
Anonymous Quiz
45%
Yes ,allowed
55%
No, not allowed
Whether liquidator required to pay gratuity/pf to Employees if no fund was created by Company ?
Anonymous Quiz
34%
Yes as it is statutory requirement
59%
No as it doesnt form part of liquidation estate
6%
Depend on Plan of liquidator
2%
None of the above
Is it necesary to provide grounds for arrest under Section 19 of PMLA,02 ?
Anonymous Quiz
11%
No, as it is Cognizable offence
49%
Yes , grounds to be provided
40%
No, as it is congnizable and non bailable offence
0%
None of the above
Penalty on Authorised Dealer for non compliance of RBI under FEMA,02 ?
Anonymous Quiz
47%
10000 and 2000 daily till contravention continues
7%
2000 daily till contravention continues
27%
10000 or 2000 daily till contravention continues
19%
2 lac and 5000 daily till contravention continues
Which among the following constitutes a default under IBC 2016 ?
Anonymous Quiz
3%
Non payment of creditor's claim
6%
when both principal and interest are unpaid
37%
liability or obligation in respect of claim shall become due and payable and remains paid
54%
non payment of financial or operational debt
IRP shall hold office till
Anonymous Quiz
5%
30 days from insolvency commencement
15%
till the first meeting of COC
78%
till Resolution professional appointed
1%
till notified by AA
which is not the ground for initiation of liquidation ?
Anonymous Quiz
9%
Non receipt of Resolution plan
11%
decision of COC to liquidate even when the plan have been submitted by applicant
71%
no business operations of the corporate debtor
9%
contravention of resolution plan approved by NCLT
which statement is false in context of proceeds of crime under PMLA ?
Anonymous Quiz
4%
property derived as a result of criminal activity
8%
criminal activity shall relate to a scheduled offence
80%
Intanglible property excluded from the scope
8%
property includes property of any kind used in commission of offence under PMLA
Which statement is correct in context of moratorium under IBC ?
Anonymous Quiz
9%
pending suits shall be prohibited from being continued against debtor during CIRP
7%
any action to enforce security interest is prohibited under moratorium
80%
Both of the above
4%
None of the above
Public announcement by IRP to be made within ?
Anonymous Quiz
30%
7 days
54%
3 days
12%
14 days
4%
No it is to be made by RP
Many of you asking for the two MCQ of Case Study No. 25.
In that case study, Related party would not be considered for counting and for unrelated 20 parties there is section 25 A and According to this section when many FC appoint one Authorised representative then the vote of 51% would prevail
So in this 11 in favour and 9 against so all to be considered in favour
Also , in MCQ 3 people abstrain from voting has been considered by ICAI however,
Law is not clear in this under IBC and ICAI have taken many time different assumption too
so we have to give note in this type of questions
In that case study, Related party would not be considered for counting and for unrelated 20 parties there is section 25 A and According to this section when many FC appoint one Authorised representative then the vote of 51% would prevail
So in this 11 in favour and 9 against so all to be considered in favour
Also , in MCQ 3 people abstrain from voting has been considered by ICAI however,
Law is not clear in this under IBC and ICAI have taken many time different assumption too
so we have to give note in this type of questions
Section 25A is not given in the new study material issued by ICAI
Do take out the printout of it before going for the Exam.
Do take out the printout of it before going for the Exam.
CamScanner 06-18-2021 19.47.24.pdf
387.4 KB
CamScanner 06-18-2021 19.47.24.pdf
CA Gaurav Jha.
CamScanner 06-18-2021 19.47.24.pdf
Many of you want to know about the rules and Regulations of chapters required to be covered or not ,this is for the exclusion of rules and regulation for May 21 exams
issued by ICAI in May 21 RTP.
issued by ICAI in May 21 RTP.
5_6230902548878852763.pdf
45.2 KB
I am sharing '5_6230902548878852763' with you
CA Gaurav Jha.
5_6230902548878852763.pdf
Section 25A for printout purpose.
CA Gaurav Jha.
65187exam52495.pdf
opt out facility by Institute
Admit card already issued at 10.30 am
Admit card already issued at 10.30 am