100+ Free CS Professional CRVI Practice Questions
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Key Facts: CS Professional CRVI Exam
100 marks
Descriptive Paper
ICSI Professional Programme Syllabus
3 hours
Exam Duration
ICSI Professional Programme Syllabus
25%
SAST Open-Offer Trigger
SEBI SAST Regulations 2011
330 days
CIRP Outer Limit
IBC 2016, Section 12
Sec 247
Registered Valuer Requirement
Companies Act 2013
40%/50%
Passing Criteria
ICSI Examination Rules
The ICSI CS Professional paper Corporate Restructuring, Valuation & Insolvency (Group 2, New Syllabus 2022) is a 100-mark descriptive exam of 3 hours. Part I covers corporate restructuring, mergers, demergers, slump sale, compromises and arrangements under Sections 230-232, SEBI SAST takeovers, cross-border M&A, and accounting and taxation of restructuring. Part II covers valuation approaches, methods, standards, and registered valuers under Section 247. Part III covers insolvency under the IBC 2016, including CIRP, liquidation, voluntary and individual insolvency, and IBBI regulations. ICSI passing criteria require 40% in the paper and 50% aggregate in the group. This set delivers 100 MCQs for knowledge practice.
Sample CS Professional CRVI Practice Questions
Try these sample questions to test your CS Professional CRVI exam readiness. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.
1Corporate restructuring that involves combining two or more companies where all combining entities are dissolved and a new company is formed to take over their businesses is best described as:
2Under the Companies Act, 2013, the scheme of compromise or arrangement between a company and its members or creditors is primarily governed by which sections?
3A 'slump sale' under Section 2(42C) of the Income-tax Act, 1961 means the transfer of one or more undertakings:
4The substantial acquisition of shares and takeovers of listed companies in India is regulated by:
5Under the SEBI (SAST) Regulations, 2011, an acquirer is required to make a public announcement of an open offer upon acquiring shares or voting rights that, taken together with existing holding, entitle the acquirer to exercise voting rights of:
6Under SAST Regulations, 2011, an acquirer holding 25% or more but less than the maximum permissible non-public shareholding may acquire additional voting rights in a financial year up to a 'creeping acquisition' limit of:
7The minimum offer size for a mandatory open offer under the SEBI (SAST) Regulations, 2011 is at least what percentage of the total shares of the target company?
8A 'demerger' under Section 2(19AA) of the Income-tax Act, 1961, to be tax-neutral, requires that the resulting company issue shares to shareholders of the demerged company on a:
9Which of the following best describes a 'reverse merger' in the Indian context?
10Under the Companies Act, 2013, the authority that sanctions a scheme of compromise, arrangement or amalgamation is the:
About the CS Professional CRVI Exam
Corporate Restructuring, Valuation & Insolvency is a Group 2 paper of the ICSI CS Professional Programme (New Syllabus 2022) covering corporate restructuring strategies, Companies Act schemes, SEBI takeover law, valuation approaches and standards, and the Insolvency and Bankruptcy Code, 2016.
Assessment
Question count not published by the exam provider
Time Limit
3 hours (180 minutes)
Passing Score
40% in the paper and 50% aggregate in the group, per ICSI passing criteria
Exam Fee
Per-module Professional Programme examination fee per the current ICSI fee structure (Institute of Company Secretaries of India (ICSI))
CS Professional CRVI Exam Content Outline
Corporate Restructuring — Types & Strategies
Forms of restructuring, mergers, horizontal/vertical/conglomerate combinations, joint ventures, strategic alliances, reverse mergers, spin-offs, disinvestment, leveraged buyouts, buy-back and capital reduction.
Mergers, Amalgamations, Demergers & Slump Sale
Amalgamation by absorption or new company, demergers, slump sale under Section 2(42C), business sale, swap ratios, and merger and amalgamation case studies.
Compromises & Arrangements (Sec 230-232)
Schemes under Chapter XV of the Companies Act 2013, NCLT sanction, voting majorities, fast-track mergers under Section 233, minority squeeze-out, and appointed and effective dates.
Takeover & SAST
SEBI SAST Regulations 2011, open-offer triggers, creeping acquisition, offer size and price, disclosures, exemptions, escrow, and takeover defences.
Cross-Border M&A
Inbound and outbound mergers under Section 234 and Rule 25A, RBI and FEMA (Cross Border Merger) Regulations 2018, and CCI combination approvals.
Accounting & Taxation of Restructuring
Ind AS 103 acquisition and pooling methods, goodwill and impairment, Income-tax Act Sections 2(1B), 47 and 72A, stamp duty, and tax-neutral amalgamation and demerger conditions.
Valuation — Approaches, Methods & Standards
Cost, market and income approaches, DCF, comparable companies, NAV, swap ratio, ICAI Valuation Standards, and registered valuers under Section 247 and the 2017 Rules.
Insolvency & Bankruptcy — IBC 2016 (CIRP)
Corporate insolvency resolution process, default threshold, moratorium, committee of creditors, resolution plan approval, Section 29A, interim finance, and adjudicating authorities.
Liquidation, Voluntary & Individual Insolvency
Liquidation waterfall under Section 53, voluntary liquidation, fast-track CIRP, pre-packaged insolvency for MSMEs, going-concern sale, individual insolvency, and personal guarantors.
IBBI Regulations & Cross-Border Insolvency
IBBI as regulator, the four pillars, CIRP and liquidation regulations, information utilities, avoidance transactions, and cross-border insolvency under the UNCITRAL Model Law.
How to Pass the CS Professional CRVI Exam
What You Need to Know
- Passing score: 40% in the paper and 50% aggregate in the group, per ICSI passing criteria
- Assessment: Question count not published by the exam provider
- Time limit: 3 hours (180 minutes)
- Exam fee: Per-module Professional Programme examination fee per the current ICSI fee structure
Keys to Passing
- Work through all 100 available questions
- Review every answer and explanation
- Track weak areas and revisit them
- Use our AI tutor for tough concepts
CS Professional CRVI Study Tips from Top Performers
Frequently Asked Questions
What is the CS Professional Corporate Restructuring, Valuation & Insolvency paper?
It is a Group 2 paper of the ICSI CS Professional Programme under the New Syllabus 2022. It covers corporate restructuring, Companies Act schemes, SEBI takeover law, valuation, and the Insolvency and Bankruptcy Code, 2016, in a 100-mark descriptive examination.
What is the exam format and duration?
The ICSI examination is an offline pen-and-paper descriptive paper of 100 marks with a duration of three hours. This OpenExamPrep set converts the syllabus into 100 multiple-choice questions for knowledge practice and self-assessment.
What is the passing criteria for this paper?
Under ICSI rules a candidate must generally secure at least 40% marks in the paper and 50% marks in the aggregate of the group, subject to exemption and other passing conditions notified by ICSI.
Which laws and standards does the paper cover?
The paper covers Sections 230 to 240 and 247 of the Companies Act 2013, the SEBI SAST Regulations 2011, FEMA cross-border merger rules, Ind AS 103, the Income-tax Act provisions on amalgamation, the ICAI Valuation Standards, the Registered Valuers Rules 2017, and the IBC 2016 with IBBI regulations.
Who must conduct valuations under the Companies Act, 2013?
Under Section 247, valuations required by the Companies Act must be conducted by a registered valuer registered with the IBBI under the Companies (Registered Valuers and Valuation) Rules, 2017, for the relevant asset class.
What is the open-offer trigger under the SEBI SAST Regulations?
Under Regulation 3(1) of the SAST Regulations 2011, an acquirer whose holding, together with persons acting in concert, reaches 25% or more of the voting rights of a listed target must make a mandatory open offer of at least 26% of the total shares.
How long is the corporate insolvency resolution process under the IBC?
Under Section 12 of the IBC 2016, the CIRP must ordinarily be completed within 180 days, extendable once by up to 90 days, with an overall outer limit of 330 days including time taken in legal proceedings.
Are these practice questions a substitute for the ICSI study material?
No. These MCQs supplement, but do not replace, the official ICSI study material and bare Acts. The actual examination is descriptive, so candidates should also practise writing structured answers and case studies.