B.A. LL.B. (Five Years) Sem 6 Company Law 2015 Jun Question Paper - KSLU

Questions asked in this paper

1. Q1 State the circumstances on which the court can lift the corporate veil of a company. Answer with the help of decided cases.
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2. Q2 What is Memorandum of Association ? State the procedure for alteration of objective clause of a company.
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3. Q3 Define Prospectus. Explain the effects of mis-statement in prospectus of a company.
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4. Q4 Who is a Promoter ? Explain the effects of pre-incorporation contracts.
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5. Q5 What are the different classes of share capital ? Explain the statutory restrictions and general principles of allotment of shares.
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6. Q6 Discuss the provisions of Companies Act 2013 with regard to prevention of oppressions and mismanagement in a company.
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7. Q7 Explain briefly the various methods of winding up of a company.
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Write short notes on any two of the following :

1. Q8 (a) One man company.
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2. Q8 (b) Charges.
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3. Q8 (c) Position of Director in a Company.
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Solve any two of the following problems :

1. Q9 (a) One of the object of the company 'Y' was to manufacture mechanical spares and to market them. The company 'Y' intended to manufacture gold ornaments and to sell them. Advise 'Y' company.
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2. Q9 (b) 'X' company lends to 'Y' company a loan on a mortgage of its assets. The procedure laid down in the Articles for such transaction is not complied with. The directors of the 2 companies were the same. Is this mortgage binding upon a company ?
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3. Q9 (c) The Auditors of a company made a confidential report to the directors stating that the security for some loans are insufficient and difficulty of realization and stated that no dividends should be paid for the year, but the auditor also in his report to his shareholder stated that the value of the assets depends upon the realization. A dividend of 15% was declared out of capital assets. State whether the Auditor or Director are liable for the same.
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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.