This Paper has 48 answerable questions with 0 answered.
|Time allowed : 3 hours||Maximum marks : 100|
|Total number of questions : 8||Total number of printed pages : 3|
|NOTE : Answer SIX questions including Question No.1 which is compulsory.|
|1.||Write notes on any four of the following :||5each|
|(i)||Green shoe option||(0)|
|(v)||Private equity fund.||(0)|
|2.||(a)||Safal Mutual Fund provides the following information related to one of its schemes : |
Size of the scheme : Rs.2,000 crore.
Face value of the units : Rs.10 per unit.
Number of outstanding units : 200 crore.
Market value of funds– portfolio : Rs.4,200 crore.
Receivables : Rs.100 crore.
Accrued income : Rs.100 crore.
Liabilities : Rs.150 crore.
Accrued expenses : Rs.275 crore.
You are required to calculate net asset value (NAV) of the scheme and rate of return if a unit holder has purchased units at the NAV of Rs.15 per unit and received a dividend of Rs.2 per unit during the period.
|(b)||Expand any four of the following :||1each|
|(c)||Distinguish between any three of the following :||2each|
|(i)||‘Depository’ and ‘custodian’.||(0)|
|(ii)||‘Money market’ and ‘capital market’.||(0)|
|(iii)||‘Commercial bill’ and ‘commercial paper’.||(0)|
|(iv)||‘American option’ and ‘European option’.||(0)|
|3.||(a)||Define ‘par value of shares’. Explain the terms and conditions related to denomination of the shares.||4||(0)|
|(b)||Define any four of the following terms related to securities market :||1each|
|(c)||What is ‘audit committee’ ? Prepare a Board note explaining the provisions of clause 49 of the listing agreement related to audit committees.||8||(0)|
|4.||(a)||Explain any four of the following credit rating symbols and indicate against each name of the concerned rating agencies:||1each|
|(b)||List out the consequences of violation of listing agreement.||4||(0)|
|(c)||State briefly the role of any four of the following agencies involved in the euro–issue :||1each|
|(ii)||Overseas depository banks||(0)|
|(iv)||Domestic custodian banks||(0)|
|(d)||State the penal provisions for merchant bankers upon violation of SEBI norms on issue of securities.||4||(0)|
|5.||(a)||Comment on changing scenario of the Indian financial system during the post–liberalisation period.||8each||(0)|
|(b)||You are the Company Secretary of Fellow Systems Ltd., a listed company. Your managing director wants you to prepare a Board note on the requirements for a rights issue of shares. Briefly outline the various requirements of the SEBI guidelines for the rights issue and list out the major steps involved in the rights issue.||(0)|
|6.||(a)||Discuss the norms for entry of non– banking finance companies (NBFCs) into insurance business.||4each||(0)|
|(b)||What is the role and importance of stock market index in the Indian capital market ?||(0)|
|(c)||State the regulatory measures to promote investors’ confidence in the Indian capital market.||(0)|
|(d)||What is ‘placement memorandum’ ? List out its essential contents.||(0)|
|7.||(a)||“Treasury bill is a powerful instrument in the money market.” Do you agree ? Comment.||4||(0)|
|(b)||Explain briefly the investment criteria for a foreign venture capital investor.||4||(0)|
|(c)||What is the concept of ‘takeover’ ? Explain briefly the provisions of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 related to takeover of control and management of a listed company.||8||(0)|
|8.||(a)||What is ‘insider trading’ ? Explain the term ‘relative’ in the context of insider trading.||4each||(0)|
|(b)||Define ‘independent director’. What are the provisions in clause 49 of the listing agreement related to independence of a director ?||(0)|
|(c)||What is meant by ‘demutualisation of stock exchanges’?||(0)|
|(d)||Discuss the duties of a ‘compliance officer’ in a listed company||(0)|