Here I am giving you question paper for CS Executive Programme Securities Laws And Compliances examination in a PDF file attached with it so you can get it easily.

1. (a) State, with reasons in brief, whether the following statements are true or false :
(i) Dematerialisation of shares is optional.
(ii) The securities market facilitates the internationalisation of an economy.
(iii) Commercial paper is a secured money market instrument.
(iv) The strap buyer feels the market may go either way, but is more likely to go up.
(v) The placement memorandum is issued for public circulation only.
(2 marks each)
(b) Re-write the following sentences after filling-in the blank spaces with appropriate
words(s)/figure(s) :
(i) Mutual funds are regulated by ___________.
(ii) Re-issue of existing government securities having pre-determined yields by the
Reserve Bank of India is known as ___________.
(iii) The provisions relating to Corporate Governance are mostly found in clause
___________ of the listing agreement.
(iv) In the case of an IPO, ___________% of shares held by the promoters are
locked-in for 3 years.
(v) A listed company is required to appoint a ___________ to liaise with SEBI and
stock exchanges.
(1 mark each)

2. (a) Distinguish between the following. Attempt any three :
(i) 'Initial margin' and 'maintenance margin'.
(ii) 'Public notice' and 'public announcement'.
(iii) 'Call option' and 'put option'.
(iv) 'Bullish trend' and 'bearish trend'.
(4 marks each)
(b) Expand the following abbreviations :
(i) KYC
(ii) HNI
(iii) SWP.
(1 mark each)

3. (a) Discuss briefly the composition of 'audit committee' in terms of listing agreement and
enumerate its role and responsibilities.
(9 marks)
(b) Discuss the factors considered by credit rating agencies for rating of an instrument.
(6 marks)

4. (a) Discuss briefly the conditions subject to which a company may issue shares with
differential voting rights.
(6 marks)
(b) Explain briefly the following terms associated with stock market. Attempt any three :
(i) Tracking stocks
(ii) Multiple listing
(iii) Clearing
(iv) Circuit breaker.
(3 marks each)

5. (a) Discuss the procedure followed by depository participants regarding issuance and
verification of delivery instruction slip (DIS).
(4 marks)
(b) What do you mean by insider trading ? Enumerate the penalties which can be imposed
under the Securities and Exchange Board of India Act, 1992 for insider trading.
(6 marks)
(c) Briefly explain the modes of buy-back of securities provided under the SEBI
(Buy-back of Securities) Regulations, 1998.
(5 marks)

PART . B
(Answer ANY TWO questions from this part.)

6. Write notes on the following. Attempt any five :
(i) Green shoe option
(ii) Employee stock option
(iii) Voluntary delisting of securities
(iv) Compliance officer
(v) Alternative investment fund
(vi) IPO grading.
(4 marks each)

7. (a) Explain rollover of non-convertible portion of partly convertible debentures under the
SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009.
(5 marks)
(b) What are the eligibility conditions for making a fast track issue (FTI) ?
(c) What do you understand by Qualified Institutional Placement (QIP) ?
(5 marks)
(d) State the SEBI regulations relating to issue of rights shares.
(5 marks)

8. Explain the following terms associated with public offering of equity shares. Attempt
any five :
(i) Subscription list
(ii) Issue opening date
(iii) Differential pricing
(iv) Lock-in-period
(v) Price band
(vi) Red-herring prospectus.