B.A. LL.B. (Five Years) Sem 6 Company Law 2012 Dec Question Paper - KSLU

Questions asked in this paper

UNIT - I

1. Q1 (a) Explain the doctrine of "Lifting the corporate veil".
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2. Q1 OR State the formalities to be completed for the formation of a company. Discuss the effects of issue of certificate of incorporation.
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3. Q1 (b) Write a brief note on "Name clause".
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4. Q1 OR 'X' Company by passing special resolution in its general meeting makes alteration in its objects. However company did not obtain the permission from the company law board for the alteration. Is this alteration valid ?
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UNIT - II

1. Q2 (a) Define prospectus. State its contents.
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2. Q2 OR Make a note on Annual General Meeting and its importance.
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3. Q2 (b) Directors of a company executed a bond in favour of 'A'. The Directors had the powers in the articles to issue bonds provided they were authorised by a proper resolution of the company. In fact, no such resolution was passed. Whether the bond executed in favour of 'A' is legally valid ?
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4. Q2 OR 'R' applied for shares in a company on the basis of a prospectus containing the names of several persons as Directors. But before allotment took place there were changes in the directorate some directors having retired. Can 'R' avoid the allotment ?
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UNIT - III

1. Q3 (a) Discuss the provisions of the Companies Act 1956 for the prevention of oppression and mismanagement.
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2. Q3 OR Who can apply for Winding Up ? Explain the consequences of courts winding up order.
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3. Q3 (b) 'A' and 'B' were only share holders as well as directors of a Private Company. Some serious differences developed between them and they became hostile with each other. 'A' seeks legal advise from you. Advise 'A'.
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4. Q3 OR 'X' applied for some shares in 'Y' Company. His application was sent by post. A letter of allotment was despatched by the company soon after. But the letter never reached to 'X'. Decide the liability of 'Y'.
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UNIT - IV

1. Q4 (a) Explain the procedure, powers and functions of the Securities Appellate Tribunal under SEBI Act 1992.
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2. Q4 OR Discuss when and how the Central Government can suspend business of a Stock Exchange under the Securities Contracts (Regulation) Act.
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3. Q4 (b) Write a note on Management of SEBI.
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4. Q4 OR Listing of Securities.
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UNIT - V

1. Q5 (a) Explain the provisions relating to various Penalties and enforcement of the orders of Adjudicating authority under the FEMA Act 1999.
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2. Q5 OR Discuss the powers of the Competition Commission of India to enquire into agreements and dominant position of enterprise under the Competition Act 2002.
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3. Q5 (b) Write short note on : Adjudicating Authority (FEMA)
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4. Q5 OR Enterprise (Competition Act)
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Typed from the KSLU paper above. The paper is the original. Long reading passages are shortened here to their first and last lines and a summary.