Skip to content

CS Professional · Compliance Management, Audit and Due Diligence · Values, Ethics and Professional Conduct

Consider these tasks: (1) prescribing fees for examination of candidates for enrolment; (2) collecting fees from members and examinees; (3) conducting elections to the Council; (4) recognising foreign qualifications for enrolment. Under the Company Secretaries Act, 1980, which tasks are Council duties under section 15 rather than Institute functions under section 15A?

Only prescribing examination fees and recognising foreign qualifications are Council duties, under section 15(2)(b) and (d). Collecting fees and conducting Council elections are Institute functions under section 15A(d) and (g).

  1. A1 and 4 onlyCorrect
  2. B2 and 3 only
  3. C1, 2 and 4 only
  4. D1, 3 and 4 only

Explanation

Prescribing examination fees is in section 15(2)(b) and recognising foreign qualifications is in section 15(2)(d), both Council duties. Collecting fees is in section 15A(d) and conducting elections is in section 15A(g), both Institute functions. The levy of fees is a Council duty, but collection is an Institute function, which is the trap in option 3.

Did you get it right without looking?

One question tells you little. A timed set on Values, Ethics and Professional Conduct shows your real accuracy, how long you take and where you lose marks.

Practise Values, Ethics and Professional ConductFree diagnostic mock

More Values, Ethics and Professional Conduct questions