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securities law of CS executive

Khushi (CA & CS Final) (1367 Points)

25 December 2009

does anyone have solution of this Q.

procedure of conduct of enquiry of securities contrat (regulation) rules 1957?

from securities law of CS executive

plz tell me page no. where to findout.

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9 Replies

MOHIT MAHAJAN (LCS, ACA) (2050 Points)
Replied 25 December 2009

I have a 2006 edition module. In it, the securities contrat (regulation) rules 1957, are given under Chapter VII - Stock Exchanges. Try to find corresponding chapter in your new module, you will get the answer.

Else refer the attached file of Securities Contract Rules, i think answer to your question is on Pg-9

Attached File : 49 scra 57.pdf downloaded: 260 times

Khushi (CA & CS Final) (1367 Points)
Replied 27 December 2009

thanks mohit,

do u have idea about the solutions of this question-

Q.Abhay's agricultural land was purchased by the government for the purpose of construction of a factory but no duty was paid for this transfer by the government. Abhay wanted to take back his land on the ground that gov. has not paid the duty and, therefore no sale deed was executed. will abhay succeed?

give reasons.-- - from test papers 5/2009 of GCL-CS executive

MOHIT MAHAJAN (LCS, ACA) (2050 Points)
Replied 27 December 2009

I think the answer should be NO. i.e. abhay can't take land back on ground that Govt. has not paid the duty. You will find the provisions on a thorough study of Chapter - Law relating to Stamps.

Under heading "Instruments Chargeable with duty" in chapter you will find exceptions i.e.

No duty shall be chargeable in respect of -

Any instrument executed by or on behalf of or in favour of the Govt. , in cases where, the Government would be liable to pay the duty chargeable in respect of such document.

Thus Govt. is not liable to pay duty, hence deed cant be assumed as not-executed on non payment of duty by Govt.

I would advise you to post your query at forum, to get answers from other members.

Khushi (CA & CS Final) (1367 Points)
Replied 28 December 2009

is stamp duty or this duty same..i thought they are talking about excise duty... thanks..i have postd this q. in the forum but no body is responding....can u tell me ans. of this Q. also where to find out this one-

Q. Anudhav owes Rs. 10,000 to the partnership firm of Bose and chander. Bose dies leaving chander surviving. Anubhav sues chander for a debt of rs. 15,000 due in his individual capacity. can chander set-off the debt of rs. 10,000? - - from test papers 5/2009 of GCL-CS executive

thanks alot

MOHIT MAHAJAN (LCS, ACA) (2050 Points)
Replied 28 December 2009

Excise on sale of land! Excise is a tax levied on manufacture and production of certain goods & it has no linkage with sale of land. Anyway you will learn more about it when you will prepare for IDT in second group.

Regarding your new question I think you will get its answer in Chapter CODE of Civil Procedure under heading Setoff & Counter Claims.

Khushi (CA & CS Final) (1367 Points)
Replied 29 December 2009

thanks mohit.............

do u have any idea abt these Question also -

Q.1 state with reason, whether the following statements are true or false-

A. service costing is used in industries producing goods.

B. Rent on own building is not included in cost accounts.

-- - from test paper3/2008 of company a/s and cost and mgmt accounting.

MOHIT MAHAJAN (LCS, ACA) (2050 Points)
Replied 30 December 2009

Ok...so a shift from Law to A/c. A/c is not among my favourites but still here is my opinion on these quest.

1. As the name suggests Service Costing deals with sectors providing services i.e. the sectors which dont deal in physical production of goods or the goods provided by them is of intangible nature which are better known as services. Hence assuming that in the statement 'GOODS' refers tangible goods.; I think the statement is FALSE.

2. I think rent on own building is taken as opportunity cost in costing. For exp. The building in which you are running your business, if let out, will give you a monthly rent of 10,000. This 10,000 should be considered as opportunity cost. So this statement should also be FALSE

Plz discuss the satements with your friends before having a final conclusion

Khushi (CA & CS Final) (1367 Points)
Replied 30 December 2009

thanks mohit...i also thought the same way ....thanks for replying and to solve all my problems........thanks a lot

can u tell me one thing that if i have applied for online exemption test for CS computer course will i have to take exam within 30 days otherwise i'll have to pay full amount. is it correct?

MOHIT MAHAJAN (LCS, ACA) (2050 Points)
Replied 30 December 2009

I myself had undergone complete 70 hrs.training from NIIT. Now I think you have to register with Aptech. As far as I know, if you apply for online test, you will be given 2 chances within 30 days to clear the test. on payment of Rs. 450/- + tax.

I am not sure that whether the exam will be taken within 30 days from registration or not but once the first exam is taken and unfortunately you dont clear then you will have to appear for second attempt within 30 days.

Regarding your query to pay full amount, i think here full amount refers to 450 + S.T. and not 3,000/- i.e. if you dont clear in 2 attempts then again pay 450/-+Tax and get 2 fresh attempts.

Here i am giving link of FAQ on ICSI-Aptech. You will get information about your query. In case of further doubts contact the number given in Quest. 13. or contact the aptech centre in your city.

https://icsi.aptechtrainingsolutions.com/Home/FAQ.aspx