The Securities and Exchange Board of India (SEE!) Act, 1992

The Securities and Exchange Board of India (SEE!) Act, 1992
[Including SEBI Guidelines]

C.A. (Final) Past Examinations Questions (SCANNER)

1. An existing Public Company, the shares of which are not listed in any Stock Exchange, seeks your advice on the possibility of issuing equity shares to public at a premium. State when such companies can issue shares at a premium in the light of guidelines issued by the Securities and Exchange Board of India. What must be the minimum Promoter's contribution in such cases?
[May, 1994]
2. A company proposes to issue to public fully convertible debentures providing for conversion into equity shares at premium at different stages. Advise the company on the following matters in the light of guidelines issued by the Securities and Exchange Board of India:
(i) Terms of Issue.
(ii) Compulsory Conversion into Equity Shares.
(iii) Promoters' Contribution. [Nov., 1994]
3. A company, the shares of which are listed in a stock exchange, proposes to issue warrants on a preferential basis to directors, their friends and companies controlled by them. The warrant holders have an option to apply for shares at a future date. Advise t!1e company on the terms of issue of warrants in the light of guidelines issued by the Securities and Exchange Board of India.
[May, 199;.5]
4. An existing public limited company, proposing to issue equity shares and the
Partially Convertible Debentures, seeks your advise on the following matters:
(i) Preferential allotment of shares to be made in favour of Foreign Institution
al Investors registered with SEBI; and
(ii) Buy-back arrangements for Partially Convertible Debentures. Advise the
company in the light of the guidelines issued by the Securities and Ex
change Board of India. [May, 1995]
5. State the guidelines issued by SEBI for the purpose of protection of the investors
in respect of the following: