CORPORATE LAW & SECTERIAL PRACTICES

Corporate Law & Secretarial Practices

Instructor: Sir Jalal Ahmed Khan
Fall 2020
Class ID: 105545

Assignment 1 Submission Date: Sep 12, 2020

Q1- Differentiate between a single member company, private company and a public company.

Q2- What is the proof of existence of the company?

Q3- Define and distinguish between the statement in lieu of prospectus and prospectus.

Q4- Define the following terms:

I. Body corporate
II. Special Resolution.

Q5- what is the time limit for issuance of new and transferred certificates under the companies’ act
2017?

Q6- what is transmission of shares?

Q7- list any 5 contents of disclosure in the board of directors report

 CORPORATE LAW & SECTERIAL PRACTICES

Assignment 2 Submission Date: Sep 19, 2020

Q1- list down any 3 restrictions on the commencement of business for a public company under section
146 of the companies act 2017.

Q2- explain the circumstances under which election of the directors may be declared invalid under
section 179.

Q3- under what circumstances creditor may nominate directors under section 182?

Q4- who is a chief executive?

Q5- what are the rights of shareholders?

Q6- What is the process of registration of mortgages or charges?

Q7- As per section 96, when does a company reduces its capital?
 CORPORATE LAW & SECTERIAL PRACTICES

Assignment 3 Submission Date: Sep 26, 2020

Q1- list down the type of companies’ who are not required to hold the statutory meetings. State the
provision of companies’ act 2017 regarding adjournment of statutory meeting?

Q2- State the specific provisions as required by the companies’ act 2017 for keeping minutes of
proceedings of general meeting of its directors.

Q3- a company which is to borrow a loan for the purposes of its business. Can it do so even if no express
provision is contained in its MOA?

Q4- What are the legal duties and responsibilities of an external director and what qualifications and
training required for it?

Q5- list out the statutory registers which a company secretary has to maintain.

Q6- list down the modes of winding up.

Q7-when is the first and subsequent chief executive required to be appointed under section 198 & 199
of the companies’ act 2017?
 CORPORATE LAW & SECTERIAL PRACTICES

Assignment 4 Submission Date: Oct 03, 2020

Q1- who could be appointed as a company secretary of a listed company?

Q2- for a newly established listed company what are:

I. Quorum requirements in respect of meeting of board of directors.

II. Minimum number of directors’ meetings held in a year.

Q3- What are the restriction on appointment of chief executive under section 201?

Q4-How can an auditor be changed prior to the completion of their term?

Q5- what are the requirements for the director’s report of a non-listed public company under section
236 of the companies’ act 2017?

Q6-Who signs the directors’ report?

Q7- Which type of company is permitted to buyback or purchase its own shares?
 CORPORATE LAW & SECTERIAL PRACTICES

Assignment 5 Submission Date: Oct 10, 2020

Q1- what are the legal requirements regarding balance sheet of a holding company under section 237.

Q2- what are the academic qualifications required for a secretary?

Q3- what is the right to compensation or damage for loss of office by reason of an order issued by SECP?

Q4-when is dividend deemed to have been declared?

Q5- what are the requirements of a retiring auditor?

Q6-what is a share warrant?

Q7- state the circumstances in which proceedings of a general meeting may be declared invalid under
section 160A.
 CORPORATE LAW & SECTERIAL PRACTICES

Assignment 6 Submission Date: Oct 17, 2020

1. Section 158 of the companies’ act 2017 provides various provisions regarding the AGM. You are
required to mention:
a. When the AGM is required to be held
b. Can the time for holding AGM be extended
c. Where is the AGM required to be held
d. What are the various requirements for sending notice of the AGM to the shareholders?
2.
a. Who is ineligible to be appointed as a Chief Executive under section 201?
b. State the manner under which the chief executive is removed from his office under
section 202
3. State the specific provisions as required by the companies’ act 2017 for keeping minutes of
proceedings of general meeting of its directors.
4.
a. List out the statutory registers, which a company’s secretary has to maintain
b. What are the duties of a company secretary to be performed during a general meeting?
Describe in detail.
5.
a. What are the requirements for the director’s report of a non-listed public company
under section 236 of the companies’ act 2017?
b. Is it possible to call an extraordinary GM with less than 21 days’ notice in case a
company is facing an emergency?
6. with reference to the companies’ ordinance 1984 discuss the validity of director’s resolution
passed through circulation.
7. can the accounts of a company exceed 12-month period? Explain with legal stipulation.

8.
 CORPORATE LAW & SECTERIAL PRACTICES

Assignment 7 Submission Date: Oct 24, 2020

1. Define the following terms:

a. Private company
b. Document
2.
a. A company is using money received as security deposit from some suppliers, without
any contract for its business. Is the company justified in doing so? Comment in the light
of the companies’ act 2017.
b. What restrictions are imposed by the companies’ act 2017 on declaration of dividends?
c. Is a member entitled to obtain the copies of the balance sheet, directors’ report and
auditor’s report?
3. Discuss with the following regard to voluntary winding up:
a. The circumstances for the winding up
b. Declaration of solvency.
4. What is a related party transaction according to corporate governance what are the restrictions
imposed on transaction with related parties?
5. draft notice for calling 12 annual general meeting (AGM) of ABC ltd on 15 December 2008 for
transacting ordinary business of the company (which should be specified in the agenda).
6. explain the composition of SECP policy board under the SECP act 1997.
7. what remedy is available to the financial institutions in case of default by the directors.
 CORPORATE LAW & SECTERIAL PRACTICES

Assignment 8 Submission Date: Oct 31, 2020

1. What is the difference between prospectus and offer for sale?

2. On what grounds can the directors of the company refuse the transfer of shares? What is the
time frame for notifying the refusal to the concerned member?
3. Briefly describe the procedural steps necessary to convert a private company into a non-listed
public company.
4. What is the procedure for the removal of the director?
5. What is a Central Depositary Company?
6. The secretary of the company has informed you that the chief executive is not available in the
country to sign the annual accounts of the company. He seeks your advice how can he comply
with the legal requirements?
 CORPORATE LAW & SECTERIAL PRACTICES

Assignment 9 Submission Date: Nov 7, 2020

1. What are the rights of shareholders?

2. What are restrictions in commencement of business by a public company?
3. Whether the director can call extra ordinary General Meeting?
4. Define the procedure of election of director under the provision of company Law?
5. Under what circumstances director of a company register under the company´s act 2017 can
shall ipso facto cease to hold office of a director?
6. What is the majority required for the removal of Chief Executive?
7. Can Chief Executive of a company engage himself in a business competing with companies’
business?
 CORPORATE LAW & SECTERIAL PRACTICES

Assignment 10 Submission Date: Nov 14, 2020

1. Discuss the provisions of the companies’ act 2017 related to quarterly accounts of listed
company?
2. What are powers of official liquidator?
3. Can payments of dividends by delayed /ceased beyond the time limit of section 251?
4. Regulations regarding maintenances of Minutes and shareholders meetings, steps necessary to
permit voting by shareholders using proxy procedures?
5. What are the Submission of Board Meeting AGM to Stock Exchange filling requirements of stock
Exchange?
6. What are the Forms required and annual filling with SECP by the Secretary?
 CORPORATE LAW & SECTERIAL PRACTICES

Assignment 11 Submission Date: Nov 21, 2020

1. What are the role of an Audit Committee , who are its members and what measures are taken for
internal control?
2. discuss the circumstances of voluntary winding up.
3. Which type of information should be provided in the tender notice for the buyback of shares?
4. What are the non- sectorial functions of a secretary?
5. what are the conditions by the companies’ act 2017 for the buyback of shares under section 95A.
6. list down any 4 mortgages or charges required to be registered under section 121 of companies’ act
2017.