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

Questions asked in this paper

UNIT - I

1. Q1 (a) What is meant by "lifting the corporate veil" ? Discuss when the court lifts the veil. Refer to decided cases.
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2. Q1 OR What are the essential ingredients of a Memorandum of Association ? How can a memorandum be altered ?
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3. Q1 (b) While in General Body Meeting, all the members of a private company were killed by a bomb during war. Does the company cease to exist ?
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4. Q1 OR Certificate of Commencement of Business.
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UNIT - II

1. Q2 (a) Who are liable for misstatements in prospectus ? Explain the extent of civil and criminal liability of such misstatements.
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2. Q2 OR Define Dividend. Discuss the law relating to payment of Dividend by companies.
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3. Q2 (b) Annual Meeting for 2004 is not called. But in 2005, meetings for 2004 and 2005 are called and held. Are they legal and proper ?
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4. Q2 OR State the qualifications of a director.
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UNIT - III

1. Q3 (a) Discuss the different kinds of share capital.
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2. Q3 OR What steps can be taken to prevent oppression of minority ?
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3. Q3 (b) Duties of Liquidator.
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4. Q3 OR 'X' applied for shares in a company. A letter of a allotment was despatched by the company soonafter. But the letter never reaches 'X'. Can 'X' be considered as a shareholder ?
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UNIT - IV

1. Q4 (a) Discuss the procedure and powers of the Securities Appellate Tribunal under SEBI Act, 1992.
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2. Q4 OR Explain as to how the Central Government can suspend the business of a stock exchange under the Securities Contracts (Regulation) Act, 1956.
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3. Q4 (b) Power of Central Government to Supersede the Board.
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4. Q4 OR Definition of Securities.
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UNIT - V

1. Q5 (a) Who is an authorised person ? Explain the powers of Reserve Bank of India to issue directions and to inspect authorised person under the Foreign Exchange Management Act, 1999.
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2. Q5 OR Explain the duties, powers and functions of Competition Commission of India under Competition Act, 2002.
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3. Q5 (b) Provisions of Appeal to Appellate Tribunal.
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4. Q5 OR Powers of Competition Appellate Tribunal.
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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.