Transcription of E:Omkar CDFinal
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E:Omkar CDFinal
331: 1 :2/2017 allowed : 3 hoursMaximum marks : 100 Total number of questions : 6 Total number of printed pages : 8 NOTE :1. Answer ALL All references to sections relate to the Companies Act, 2013 unless stated (a) Rajesh & Ramesh Co., Chartered Accountants, are the statutory auditor of FDE TextilesPvt. Products Ltd., the holding company of FDE Textiles Pvt. Ltd., is considering toallot assignment of designing of financial information system to Rajesh & Ramesh and advise the Board of directors of DEF Products. Ltd. on the above.(5 marks)(b) Critically evaluate the following statement : The ultimate objective of an IPO is to maximize the wealth of the promoters ratherthan raising funds. (5 marks)(c) Board of Directors of Supershine Detergents Ltd., a listed company having accumulatedfree reserves of rupees five hundred and fifty crores, authorized share capital of rupeesseventy five crores and paid up share capital of rupees fifty crores is considering a proposalto capitalize part of the reserves by issue of Bonus shares in the ratio of 1 : 1 to itsshareholders.
331: 1 : 2/2017/ACLP P.T.O. Roll No..... Time allowed : 3 hours Maximum marks : 100 Total number of questions : 6 Total number of printed pages : 8
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