B.A. LL.B. (Five Years) Sem 6 Company Law 2016 Dec Question Paper - KSLU

Questions asked in this paper

1. Q1 Explain the circumstances in which the "Corporate Veil" of the company will be lifted by the court.
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2. Q2 "Company cannot be sued for pre-incorporation contracts." Discuss.
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3. Q3 Explain the doctrine of Indoor Management with exceptions.
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4. Q4 Define "Prospectus". What are the remedies available for misrepresentation in the prospectus ? Explain.
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5. Q5 State the powers and duties of directors in the company.
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6. Q6 Explain the different types of share capital.
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7. Q7 Discuss the members' voluntary winding up of the company.
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Write short notes on any two of the following :

1. Q8 (a) Doctrine of ultra vires.
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2. Q8 (b) Forfeiture of shares.
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3. Q8 (c) Rule laid down in "Foss V/s Harbottle".
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Solve any two of the following problems :

1. Q9 (a) 'A' transferred certain land to 'B' on a condition that 'B' would never sell the land to coloured persons. 'B' sold the land to a company composed exclusively of Negros. 'A' took action for the annulment of the transfer on the ground that property had passed to coloured persons. Will he succeed ?
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2. Q9 (b) A Company's Articles provides that a member who becomes bankrupt shall often for sale of his shares to other share holders at the price fixed by the directors. Decide the validity of the provision.
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3. Q9 (c) The directors of a company by two resolutions resolved to make a call. But neither resolutions have specified the date and amount of payment. Is the call valid ?
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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.