100+ Free ICSB CS Executive Practice Questions

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2026 Statistics

Key Facts: ICSB CS Executive Exam

40%

Pass Mark per Subject

ICSB Student Rules

50%

Required Aggregate

ICSB Student Rules

1/5th

Independent Directors (Min)

BSEC Corporate Governance Code 2018

7 Heads

Taxable Income Sources

Income Tax Act 2023

BDT 25L

OPC Min Capital

Companies Amendment Act 2020

15 months

Max AGM Interval

Companies Act 1994, Sec 81

The ICSB CS Executive level tests deep compliance expertise across Company Law (Companies Act 1994), Corporate Governance (BSEC Code 2018, BSS), Securities Laws, Bangladesh Taxation (Income Tax Act 2023, VAT Act 2012), and Management. The passing threshold is 40% per subject and 50% in aggregate.

Sample ICSB CS Executive Practice Questions

Try these sample questions to test your ICSB CS Executive exam readiness. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.

1Under Section 90 of the Companies Act 1994 of Bangladesh, what is the minimum number of directors required for a public limited company and a private limited company respectively?

A.2 for public company, 1 for private company

B.3 for public company, 2 for private company

C.5 for public company, 3 for private company

D.3 for public company, 1 for private company

Explanation: According to Section 90 of the Companies Act, 1994, every public company must have at least three (3) directors, and every private company (other than a One Person Company) must have at least two (2) directors. A One Person Company (OPC) is only required to have one (1) director.

2Under Section 81 of the Companies Act 1994, a company must hold its first Annual General Meeting (AGM) within how many months of its incorporation?

A.Within 9 months

B.Within 12 months

C.Within 15 months

D.Within 18 months

Explanation: Section 81(1) of the Companies Act 1994 mandates that a company must hold its first Annual General Meeting (AGM) within eighteen (18) months from the date of its incorporation. Once this first AGM is held, the company is not required to hold any other AGM in the year of incorporation or in the following year.

3Under Section 81 of the Companies Act 1994, what is the maximum permissible interval that can elapse between two consecutive Annual General Meetings (AGMs)?

A.12 months

B.15 months

C.18 months

D.24 months

Explanation: Section 81(1) of the Companies Act 1994 states that subsequent AGMs must be held once in every calendar year and not more than fifteen (15) months must elapse between the date of one AGM and the next. This ensures that shareholders receive financial and management reports on a regular annual cycle.

4Under the Companies Act 1994, by how many months can the Registrar of Joint Stock Companies and Firms (RJSC) extend the time limit for holding a subsequent AGM?

A.Not exceeding 1 month

B.Not exceeding 2 months

C.Not exceeding 3 months

D.No extension is permitted under the Act

Explanation: Under the proviso to Section 81(1) of the Companies Act 1994, the Registrar (RJSC) may, for any special reason, extend the time within which any Annual General Meeting (other than the first AGM) shall be held, by a further period not exceeding ninety (90) days (i.e., about three months). The company must apply for this extension within thirty (30) days from the date of expiry of the statutory period.

5According to Section 83 of the Companies Act 1994, within what time period must a public limited company limited by shares hold its Statutory Meeting from the date it is entitled to commence business?

A.Not less than 1 month and not more than 6 months

B.Not less than 3 months and not more than 9 months

C.Within 12 months of incorporation

D.Within 30 days of receiving the Certificate of Commencement of Business

Explanation: Section 83(1) of the Companies Act 1994 specifies that every public company limited by shares and every public company limited by guarantee and having a share capital must hold a general meeting of the members, called 'the Statutory Meeting', within a period of not less than one (1) month and not more than six (6) months from the date at which the company is entitled to commence business.

6Under Section 83 of the Companies Act 1994, at least how many days before the Statutory Meeting must the Board of Directors forward the Statutory Report to every member of the company?

A.At least 7 days

B.At least 14 days

C.At least 21 days

D.At least 30 days

Explanation: Under Section 83(2) of the Companies Act 1994, the Board of Directors must send the Statutory Report to every member of the company at least twenty-one (21) days before the day on which the Statutory Meeting is to be held. This provides members with sufficient time to review the details of allotment, cash receipts, and organizational expenses.

7Section 85 of the Companies Act 1994 outlines notice periods for general meetings. What is the standard statutory notice period required to call an Annual General Meeting (AGM)?

A.7 days' written notice

B.14 days' written notice

C.21 days' written notice

D.30 days' written notice

Explanation: According to Section 85(1)(a) of the Companies Act 1994, an Annual General Meeting (AGM) of a company may be called by giving not less than fourteen (14) days' notice in writing. Shorter notice is permissible only if agreed to by all the members entitled to attend and vote.

8Under Section 85 of the Companies Act 1994, what is the notice period required for an Extraordinary General Meeting (EGM) called for the purpose of passing a Special Resolution?

A.7 days' written notice

B.14 days' written notice

C.21 days' written notice

D.28 days' written notice

Explanation: Under Section 85 of the Companies Act 1994, a meeting called for passing a Special Resolution requires not less than twenty-one (21) days' notice in writing. Other general meetings (including an EGM for ordinary resolutions) require 14 days' notice unless the company's Articles specify a longer period.

9Under Section 97 of the Companies Act 1994, a director must acquire their qualification shares within what time period after their appointment?

A.Within 30 days

B.Within 2 months

C.Within 3 months

D.Within 6 months

Explanation: Section 97(1) of the Companies Act 1994 dictates that it shall be the duty of every director who is required by the Articles to hold a specified share qualification, and who is not already qualified, to obtain their qualification shares within two (2) months after their appointment, or such shorter time as may be fixed by the Articles.

10What is the statutory quorum for a general meeting of a public limited company under Section 85 of the Companies Act 1994, unless the Articles of Association provide for a larger number?

A.Two members personally present

B.Three members personally present

C.Five members personally present

D.Ten members personally present

Explanation: Section 85(2)(c) of the Companies Act 1994 provides that, unless the Articles of the company provide for a larger number, five (5) members personally present shall be a quorum in the case of a public company, and two (2) members personally present shall be a quorum in the case of a private company.

About the ICSB CS Executive Exam

The Institute of Chartered Secretaries of Bangladesh (ICSB) Chartered Secretary (CS) Executive Level curriculum tests core legal, financial, and management competencies required to act as a professional Company Secretary. Candidates are examined on Company Law (incorporation, management, meetings), Corporate Governance (BSEC Code 2018, Board structures, Committees, Bangladesh Secretarial Standards BSS), BSEC Securities Laws (Ordinance of 1969, IPO rules), Taxation (Income Tax Act 2023, VAT Act 2012), and general Management principles (HRM, leadership, strategy). This exam validates compliance-readiness under Bangladesh regulations.

Assessment

100 multiple-choice practice questions covering the Executive Level syllabus

Time Limit

3 hours

Passing Score

40% in each individual paper and 50% in the aggregate

Exam Fee

~BDT 30,000 (Institute of Chartered Secretaries of Bangladesh (ICSB))

ICSB CS Executive Exam Content Outline

20%

Company Law

Incorporation, share capital, allotment, prospectuses, management, board and general meetings, RJSC filings, and winding-up under Companies Act 1994.

20%

Corporate Governance & Secretarial Standards

BSEC Corporate Governance Code 2018 (Board size, Independent Directors, Audit and NRC committees) and Bangladesh Secretarial Standards (BSS 1-6).

20%

BSEC Securities Laws

Securities and Exchange Ordinance 1969, BSEC Act 1993, public issue rules, insider trading, listing regulations, and BSEC enforcement.

20%

Taxation (Direct & Indirect)

Income Tax Act 2023 (Heads of income, resident status, corporate tax calculations) and VAT and Supplementary Duty Act 2012 (Thresholds, zero-rating).

20%

Management & Human Resources

Planning, organization, leadership theories, human resource management (recruitment, performance), and strategic corporate management.

How to Pass the ICSB CS Executive Exam

What You Need to Know

Passing score: 40% in each individual paper and 50% in the aggregate
Assessment: 100 multiple-choice practice questions covering the Executive Level syllabus
Time limit: 3 hours
Exam fee: ~BDT 30,000

Keys to Passing

Complete 500+ practice questions
Score 80%+ consistently before scheduling
Focus on highest-weighted sections
Use our AI tutor for tough concepts

ICSB CS Executive Study Tips from Top Performers

1Memorize key section numbers in the Companies Act 1994 (e.g., Section 81 for AGM, Section 83 for Statutory Meeting, Section 90 for Directors).

2Thoroughly review the BSEC Corporate Governance Code 2018, focusing on committee structures, quorums, and Independent Director criteria.

3Understand the 7 heads of income under the Income Tax Act 2023 and the dual-residency tests (182 days or 90+365 days).

4Study the Bangladesh Secretarial Standards (BSS-1 on Board Meetings, BSS-2 on General Meetings, BSS-3 on Minutes) issued by ICSB.

5In quantitative calculations, practice computing corporate tax liabilities for listed vs. non-listed entities and input tax credits under the VAT Act 2012.

Frequently Asked Questions

What is the ICSB Chartered Secretary Executive Level Exam?

It is a key milestone in the professional qualification path of the Institute of Chartered Secretaries of Bangladesh (ICSB). It is designed to train professionals to perform corporate compliance, governance, board administration, and corporate advisory duties in companies across Bangladesh.

What are the passing criteria for the ICSB exams?

Candidates must score a minimum of 40% marks in each individual subject paper and achieve an overall aggregate of 50% in all subjects attempted during a given exam session.

Does the taxation section reflect the new Income Tax Act 2023?

Yes, our practice material is updated to reflect the Income Tax Act 2023 (which replaced the old Income Tax Ordinance 1984) and the current VAT and SD Act 2012 guidelines.

What are the requirements for an Independent Director under BSEC guidelines?

A listed company's board must comprise between 5 and 20 directors, of which at least 1/5th must be independent directors. Independent directors must not hold 1% or more of the company's paid-up shares, and they must head the Audit Committee and Nomination and Remuneration Committee (NRC).