B.A. LL.B. (Five Years) Sem 6 Company Law 2022 Oct Question Paper - KSLU

Questions asked in this paper

UNIT - I

1. Q1 (a) What are the advantages of incorporation of a company ?
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2. Q1 OR Who is a promoter ? What are his duties and liabilities ?
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3. Q1 (b) 'L' incorporated a company of which he was the Managing Director. In that capacity he appointed himself as a pilot of the company. While on the duty he died in a flying accident. His widow claims compensation against company. Will she succeed ?
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4. Q1 OR '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 Negroes. 'A' took action for the annualment of this conveyance on the ground that the property in effect had passed to the coloured persons. Will he succeed ?
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UNIT - II

1. Q2 (a) What is memorandum of Association ? State the procedure for alteration of objective clause of a company.
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2. Q2 OR Explain the doctrine of Indoor management with exceptions.
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3. Q2 (b) One of the objectives 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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4. Q2 OR A company issued an advertisement in a newspaper stating that some shares were still available for sale according to the terms of the prospectus of the company which could be obtained on application. Do you consider it as a prospectus ?
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UNIT - III

1. Q3 (a) Who is a Director ? Explain the powers and duties of the Directors.
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2. Q3 OR Discuss briefly the conditions of relief for oppression in the company.
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3. Q3 (b) Certain Directors held a meeting of the Board. But they prevented some lawfully constituted Directors from attending the meeting. A quorum was however present. Whether the Board meeting is valid ?
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4. Q3 OR The minority shareholders in a company brought an action against the directors alleging that they were responsible for losses which they had been incured. Will they succeed in their action ?
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UNIT - IV

1. Q4 (a) Describe the general principles and statutory restrictions for the allotment of shares.
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2. Q4 OR What is floating charge ? When will floating charge crystallise ?
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3. Q4 (b) 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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4. Q4 OR 'X' a minor was registered as a shareholder. After attaining the majority he received dividend from the company. Subsequently company went into liquidation, 'X' denies his liability. Decide.
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UNIT - V

1. Q5 (a) Explain when a National Company Law Tribunal (NCLT) can order for winding up of a company.
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2. Q5 OR Discuss the members voluntary winding up of a company.
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3. Q5 (b) 'A' and 'B' were only shareholders 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. Q5 OR Due to Tsunami disaster, 'X' company suspends its business for more than one year. A shareholder in that company submits an application to the court for its winding up. Will he succeed ?
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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.