SEBI Act 1992 and SEBI LODR 2015 including Insider Trading and other Important question for SPOM MCQ Exam for CA Final.
Most Important Question For SPOM Exam
| Sr No. | Questions | Answers |
| 1 | No. of ID required on board of listed co if chairperson is NED who is related to promoter | 1/2nd |
| 2 | Lockin for Promoters contribution post IPO | 20% post capital & for 3 years |
| 3 | Chairperson of Sebi Can be Removed by whom and for how much time prior notice is required | CG can remove any time by giving 3 month notice or salary |
| 4 | SEBI insider trading penalty | Min ₹10L to Max. Higher of ₹25Cr or 3x profit made |
| 5 | Intimation to SEBI before days of BoD meeting in case of alteration of share holders rights | 11 days |
| 6 | Confirmation of attachment of Bank Account or property taken from | Special Court |
| 7 | Composition of audit committee in LODR | Min 3 member at least 2/3rd Independent All financial literate & 1 expert |
| 8 | Penalty on Stockbroker for non delivery/non payment | Min 1L & 1L/day Upto Max. ₹1 cr |
| 9 | Sebi due date for submitting corporate Governance report | 21 days |
| 10 | Prior intimation of Board meeting for buyback | 2 days |
| 11 | Filing of investor grievances within | 21 days |
| 12 | SEBI needs to obtain confirmation of an attachment from a special court within a specified period. | 90 days |
| 13 | Penalty for unfair Trade practices? | Min ₹5L to Max. Higher of ₹25Cr or 3x profit made |
| 14 | What does “related to promoter” means in case of listed company | Director (Not ID), Employee, Nominees |
| 15 | Penalty on Stockbroker for excess charges | Min ₹1L to Max. 5 times of excess brokerage charged |
| 16 | Insider trading disclosures are to be maintained by company for minimum how many years | 5yrs |
| 17 | Period of Custody of books of account in case of investigation | 6month |
| 18 | Lockin for promoters holding in excess of minimum promoters contribution | 1 year |
| 19 | Min & max no of days for which IPO to be kept open | 3 to 10 Working days |
| 20 | Penalty for failure to address grievances | Min 1L & 1L/day Upto Max. ₹1 cr |
| 21 | Validity of appointment of Chairman & members | 5 year, Max at the age of 65 year |
| 22 | A person is found guilty of insider trading. What actions can SEBI take against them? a) Impose penalties. b) Debar from holding directorial positions. c) Initiate prosecution. d) All of the above. | All of the above |
| 23 | In case of changes to annual report, time limit to report to Stock exchange | 48 hours of AGM |
| 24 | Before how many days one has to intimate to RSE about convening BM if the purpose of BM is to alter Rate of interest of securities | 11 days |
| 25 | LODR: Minimum No. of BoD in case of Top 2000 listed companies | 6 directors |
Thanks for the compilation, helps a lot.