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19.10.2023- Due Diligence

Total questions: 10

Worksheet time: 10mins

Name
Class
Date
1.

Which of the following due diligence tool/website will be helpful in knowing the parent and subsidiary organizations of the company in India and abroad?

a)

GST verification

b)

Indian kanoon

c)

Central Fraud Registry

d)

Legal Entity Identifier

2.

Which of the following due diligence tool/website do not require logging in with a user ID and Password for verification purposes?

a)

ECGC SAL/ASL List

b)

CIBIL Suit Filed Cases

c)

CRILC status

d)

Central fraud Registry

3.

Which document form Income Tax Department confirms the liability of tax of any person?

a)

Intimation order

b)

ITR Form

c)

ITR Acknowledgement

d)

Annual Information Statement

4.

While doing ICAI member search which of the following status should need further verification/due diligence?

a)

Full Time

b)

Fellow (with COP)

c)

No COP

d)

Active

5.

Which of the following document helps us to ensure end use of funds in case of Term Loans?

a)

CIBIL Report

b)

Charge Details on MCA

c)

E-way Bill

d)

No Dues Certificate

6.

Which GST return is filed sharing details of sales made by an entity?

a)

GSTR 1

b)

GSTR 3B

c)

GSTR 9

d)

GSTR 2A

7.

When doing due diligence of companies, which of the following "group of individual/entity" should be searched? Choose the most appropriate and exhaustive group.

a)

Borrower, guarantor, group concern, sister concern

b)

Borrower and guarantor only

c)

Borrower, guarantor, major shareholder, group concern, sister concern

d)

Borrower, guarantor, previous auditor, relatives company.

8.

What is UDIN associated with?

a)

Directors of company

b)

Shareholders of company

c)

Auditors of Company

d)

Registration number of Company with ROC

9.

Which of the following website helps us know the details of ongoing case/proceedings under Insolvency Bankruptcy Code?

a)

ICAI

b)

Indian Kanoon

c)

IBBI

d)

E-Bikray

10.

Which of the following ITR filing status is not acceptable?

a)

Successfully e-verified

b)

Processed with refund

c)

Processed with demand

d)

Defective return