IBS Paper Review & MCQ Probable Answers
Paper Review: Tough and No repeated case studies
(will share detailed analysis soon)

You can expect bonus in such difficult paper, similar type of paper for audit came in my exam and everyone got 5 marks bonus in audit, you can verify here from my certified copy).

Now is the time to take a well-deserved break and enjoy :)

✅Case Study 1
1.1 C
1.2 B
1.3 C (DEF given approval time of 60 days)
1.4 C (Question asked incorrect statement)
1.5 B

✅Case Study 2
2.1 B
2.2 D
2.3 C
2.4 A
2.5 C

✅Case Study 3
3.1 C
3.2 B
3.3 D (company is under ibc)
3.4 A
3.5 C

✅Case Study 4
4.1 C
4.2 D
4.3 A
4.4 B
4.5 D

✅Case Study 5
5.1 B (IDT TYK 3 on page 7.20)
5.2 B
5.3 D (Question asked incorrect statement)
5.4 D (Director and relative holding less than 2%)
5.5 D (No penalty on 3 lac)

By CA Rohit Chipper
💫AIR 17 CA Final

(Added few explanations on answer)