B.Com. LL.B. (Five Years) Sem 6 Company Law 2024 Aug Question Paper - KSLU

Questions asked in this paper

UNIT - I

1. Q1 (a) Define 'Company'. Explain its kinds.
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2. Q1 OR State the circumstances on which the court can lift the corporate veil of the company. Answer with the help of decided cases.
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3. Q1 (b) In a train accident all the 10 members of a private company died. Does the company cease to exist because all the members have died ? Give reasons.
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4. Q1 OR 'A' holds almost all shares except one in a Timber Company. 'A' insured the company's timber in his own name. Timber having been destroyed by fire, he claims compensation from the insurance company. Will he succeed ? Decide.
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UNIT - II

1. Q2 (a) Explain the fundamental clauses of Memorandum of Association of a company.
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2. Q2 OR Define prospectus. What are the remedies available for misrepresentation in the prospectus ? Explain.
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3. Q2 (b) A company has its registered office at Mumbai. Due to some reasons unfavourable to the company, it wishes to shift its registered office to Karnataka. Advise the company.
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4. Q2 OR The Articles of the company contained a clause to the effect that 'A' should be the director and should not be removed untill 2015. He was, however removed much earlier. He brings an action against the company, for damages. Will he succeed ? Advice.
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UNIT - III

1. Q3 (a) State the different kinds of meetings in a company. What is the procedure to call a meeting of the company ? Explain.
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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 A Director, refused to retire in accordance with Articles of Association and illegally continued in the office. A member of the company wants to file a suit in his individual capacity against the director. Advise him.
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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 debenture ? Explain its characteristics along with various kinds of debenture.
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3. Q4 (b) 'N' a minor was registered as a share holder. After attaining majority he received dividends from the company. Subsequently the company went into liquidation. 'N' denies liability as a shareholder. Decide.
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4. Q4 OR 'A' was the trasferee of a share certificate issued under the seal of 'B' company. The certificate was issued by the company secretary, who had affixed the seal of the company and forged the signature of two directors. Whether the share certificate is valid ? Advice him.
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UNIT - V

1. Q5 (a) When a National Company Law Tribunal can order for winding up of a company ? Explain.
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2. Q5 OR What are the powers and duties of tribunal with respect to reconstruction and amalgamation of a company ? Explain.
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3. Q5 (b) Due to Covid - 19 Lockdown and subsequent developments 'A' 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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4. Q5 OR 'X' had subscribed the M.O.A. of a company for 100 shares. The company was duly registered but ultimately he took only 10 shares. The company was wind up. What is the extent of 'X' s liability ?
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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.