B.A. LL.B. (Five Years) Sem 6 Company Law 2014 Dec Question Paper - KSLU

Questions asked in this paper

1. Q1 Discuss the advantages of incorporation of a company.
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2. Q2 What is incorporation and what are the different stages of incorporation.
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3. Q3 What is memorandum of association of a company ? Explain the fundamental clauses of memorandum of association.
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4. Q4 Who is a promoter ? What are his powers and liabilities ?
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5. Q5 What is prospectus ? What are the remedies that are available for misrepresentation in the prospectus ?
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6. Q6 Describe the general principles and statutory restrictions for allotment of shares.
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7. Q7 Discuss briefly the conditions of relief for oppression and mis management in the company.
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Write short note on any two of the following :

1. Q8 (a) Holding and subsidiary company.
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2. Q8 (b) Different kinds of share capital of a company
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3. Q8 (c) Compulsory winding up of a company.
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Solve any two of the following problems :

1. Q9 (a) The articles of association of X company contained a clause to the effect that B (an outsider) should be a director and should not be removed for 5 years. However he was removed earlier and he brought an action to restrain company from excluding him will be succeed ?
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2. Q9 (b) The director of a company borrowed a sum of money from the plaintiff bank. The company's articles provided that the director might borrow on bonds such sums as may from time to time be authorised by a resolution passed at general meeting of the company. Share holders claimed that there had been resolution authorising the loan and therefore it was taken without their authority. Is the company liable to the plaintiff bank ?
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3. Q9 (c) 'X' a minor was registered as a share holder. After attaining majority he received dividend from the company. Subsequently company went into liquidation X denies his liability. Decide.
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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.