100+ Free ICSB CS Professional Practice Questions

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2026 Statistics

Key Facts: ICSB CS Professional Exam

50%

Passing Mark

ICSB Guidelines

1/5th

Independent Directors

BSEC Corporate Governance Code 2018

2 hours

PSI Dissemination

BSEC Regulations

3 years

CMSF Transfer Rule

BSEC (CMSF) Rules 2021

21 days

Schedule X Filing

Companies Act 1994

BSS 1-6

Secretarial Standards

ICSB Bangladesh

The ICSB CS Professional Level Exam is the final qualifying step for Chartered Secretaries in Bangladesh. It covers Advanced Company Secretarial Practice (RJSC filing, meetings, BSS 1-6), Corporate Governance (BSEC Code 2018), Corporate Compliance (PSI, DSE/CSE listing, CMSF), and Strategic Management. The passing score is 50% per subject.

Sample ICSB CS Professional Practice Questions

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

1Under the Companies Act, 1994 of Bangladesh, what is the notice period required for calling an Annual General Meeting (AGM) of a company?

A.At least 7 days' written notice

B.At least 14 days' written notice

C.At least 21 days' written notice

D.At least 30 days' written notice

Explanation: Section 85(1) of the Companies Act, 1994 stipulates that an Annual General Meeting (AGM) requires at least 14 days' notice in writing. This is the minimum statutory notice period for listed and unlisted companies in Bangladesh.

2Under Section 85 of the Companies Act, 1994, what is the statutory notice period required for an Extraordinary General Meeting (EGM) that proposes to pass a Special Resolution?

A.14 days' notice

B.21 days' notice

C.28 days' notice

D.30 days' notice

Explanation: Under Section 85 of the Companies Act, 1994, an EGM called to pass a special resolution requires a minimum of 21 days' notice in writing. This aligns with Section 87 which defines a special resolution as one passed at a general meeting of which not less than 21 days' notice has been given.

3According to the Bangladesh Secretarial Standards (BSS-1) issued by ICSB, what is the standard notice period for calling a meeting of the Board of Directors?

A.At least 3 days' written notice

B.At least 7 days' written notice

C.At least 14 days' written notice

D.At least 21 days' written notice

Explanation: Bangladesh Secretarial Standards (BSS-1) on Meetings of the Board of Directors states that notice of every Board meeting must be given in writing to every director at least 7 days before the meeting, unless the Articles of Association prescribe a longer period.

4What is the statutory deadline for filing Schedule X (Annual Summary of Share Capital and List of Shareholders) with the RJSC after holding the Annual General Meeting (AGM)?

A.Within 14 days of the AGM

B.Within 21 days of the AGM

C.Within 30 days of the AGM

D.Within 60 days of the AGM

Explanation: Under the Companies Act, 1994, Schedule X (the annual return of share capital, shareholders, and directors) must be filed with the Registrar of Joint Stock Companies and Firms (RJSC) within 21 days from the date of the AGM.

5A change in the Board of Directors of a Bangladeshi company (such as appointment, resignation, or removal) must be reported to the RJSC using which form and within how many days?

A.Form VI within 28 days

B.Form IX within 30 days

C.Form XII within 14 days

D.Form XV within 60 days

Explanation: Any change in the directors, managers, or managing agents must be filed with the RJSC on Form XII within 14 days of the change, as required by the Companies Act, 1994.

6When a company changes the address of its registered office, within how many days must it submit Form VI to the RJSC?

A.Within 14 days of the change

B.Within 21 days of the change

C.Within 28 days of the change

D.Within 30 days of the change

Explanation: Section 77 of the Companies Act, 1994 requires that notice of any change in the situation of the registered office must be given to the RJSC on Form VI within 28 days after the date of the change.

7Under the Companies Act, 1994, within what timeframe must a newly incorporated public limited company hold its Statutory Meeting and forward the Statutory Report to members?

A.Within 30 days of incorporation

B.Not less than 1 month and not more than 6 months from the date of entitlement to commence business

C.Within 18 months of incorporation

D.At least 15 days before the first AGM

Explanation: Section 83 of the Companies Act, 1994 states that every public limited company must hold a general meeting called 'the statutory meeting' within a period of not less than 1 month and not more than 6 months from the date at which the company is entitled to commence business.

8Unless the Articles of Association specify a larger number, what is the default statutory quorum for a General Meeting of a public company under the Companies Act, 1994?

A.Two members personally present

B.Three members personally present

C.Five members personally present

D.Ten members personally present

Explanation: Section 85(2)(b) of the Companies Act, 1994 states that unless the articles of a company provide for a larger number, five members personally present in the case of a public company shall be a quorum.

9Under Section 159 of the Companies Act, 1994, within how many days must a company register particulars of a charge (mortgage/security) created on its assets with the RJSC?

A.Within 14 days of creation

B.Within 21 days of creation

C.Within 30 days of creation

D.Within 45 days of creation

Explanation: Section 159 of the Companies Act, 1994 states that a mortgage or charge created on a company's assets is void against the liquidator and any creditor unless the prescribed particulars and instrument are filed with the RJSC within 21 days of its creation.

10What is the statutory deadline under the Companies Act, 1994 for submitting Form XV (Return of Allotment of Shares) to the RJSC after making a share allotment?

A.Within 21 days of allotment

B.Within 30 days of allotment

C.Within 45 days of allotment

D.Within 60 days of allotment

Explanation: Section 151 of the Companies Act, 1994 requires that whenever a company limited by shares makes any allotment of its shares, it must file a Return of Allotment on Form XV with the RJSC within 60 days.

About the ICSB CS Professional Exam

The ICSB Chartered Secretary Professional Level Exam is the final qualifying tier of the Chartered Secretary program in Bangladesh. It validates advanced skills in company secretarial practice, corporate governance compliance under BSEC directives, stock exchange listing compliance, and corporate strategic management.

Assessment

100 multiple-choice practice questions mapped to the Professional Level syllabus

Time Limit

3 hours per paper (written descriptive); practice test has no time limit

Passing Score

50% marks in each paper

Exam Fee

BDT 20,000 per stage (Institute of Chartered Secretaries of Bangladesh (ICSB))

ICSB CS Professional Exam Content Outline

25%

Advanced Company Secretarial Practice

Compliance with Companies Act 1994, BSS 1-6 standards, Board and General Meetings notices, quorum, resolutions by circulation, minutes writing, dividend distribution, and RJSC filings.

25%

Corporate Governance

Application of the BSEC Corporate Governance Code 2018, independent directors (ratio, appointment, tenure), Audit Committee, Nomination and Remuneration Committee, CEO/Chairman separation.

25%

Corporate Compliance

Compliance under BSEC rules, DSE and CSE listing regulations, Price Sensitive Information (PSI) disclosure timelines, prohibition of insider trading rules, and Capital Market Stabilization Fund (CMSF) transfers.

25%

Strategic Management

Strategic analysis and application of models (SWOT, Porter's Five Forces, BCG, Ansoff) to Bangladeshi corporate scenarios, CSR regulations, change management, and risk frameworks.

How to Pass the ICSB CS Professional Exam

What You Need to Know

Passing score: 50% marks in each paper
Assessment: 100 multiple-choice practice questions mapped to the Professional Level syllabus
Time limit: 3 hours per paper (written descriptive); practice test has no time limit
Exam fee: BDT 20,000 per stage

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 Professional Study Tips from Top Performers

1Memorize key notice periods under the Companies Act 1994 (14 days for AGM, 21 days for EGM/Special Resolutions).

2Understand the composition and role of BSEC mandated committees: Audit Committee and NRC (both must be chaired by an Independent Director and have at least 3 members).

3Learn the specific RJSC forms: Form XII for director changes, Form VI for office changes, Form XV for allotments, and Schedule X for annual returns (filed within 21 days of AGM).

4Study all six Bangladesh Secretarial Standards (BSS 1 to BSS 6) issued by the ICSB.

5Be prepared for strategic planning questions applying SWOT, Porter's Five Forces, and BCG matrix to the Bangladeshi regulatory environment.

6Understand the dividend timeline: dividends must be distributed within 30 days of AGM declaration, and unclaimed dividends must be transferred to the CMSF after 3 years.

Frequently Asked Questions

What is the qualifying score for the ICSB CS Professional Exam?

The qualifying marks for each paper or subject in the ICSB Chartered Secretary program in Bangladesh is 50%.

What topics are covered on the Professional Level syllabus?

The syllabus covers Advanced Company Secretarial Practice, Corporate Governance & Risk Management, Corporate Compliance (including BSEC & Stock Exchange regulations), and Strategic Management.

What are the rules regarding Independent Directors in Bangladesh?

Under the BSEC Corporate Governance Code 2018, listed companies in Bangladesh must have independent directors constituting at least 1/5th (20%) of the total board strength. Their tenure is 3 years, extendable for only one more term (maximum 6 consecutive years).

What is the timeline for declaring Price Sensitive Information (PSI) to BSEC?

Listed companies must submit Price Sensitive Information to BSEC and the stock exchanges within 2 hours of the Board's decision or conclusion of the meeting, and host it on the website for at least 3 years.

What is the Capital Market Stabilization Fund (CMSF) rule for dividends?

Listed companies must transfer any cash or stock dividends remaining unclaimed or undistributed for 3 years or more to the CMSF. Investors can still claim their dividends from the CMSF in the future.