BCom In Accounting & Finance (BCAF) SEM IV 2016 2017 March 2017 COMPANY LAW Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q2 Figures at right side indicates marks
   • A) Choose the correct alternatives. (any eight) 8
2. Q1 Association clause is also known as clause. (subscription, liability)
3. Q3 Doctrine of Indoor management is also called as . (Turquant Rate, void)
4. Q4 Allotment of securities shall be done days of receipt of application. (15, 30, 45)
5. Q5 liable for misstatement in prospectus. (Promoters, Directors)
6. Q6 of registered office within the state resolution is necessary. (Ordinary, special) 1 7) The maximum number of members in case of private company is (200, 100, 50)
7. Q8 In order to have uniform accounting standard is accepted norm. (IFRS, IRFS) & 9) Acompany formed and registered for a project is called . (Future, Dormant)
8. Q10 Financial year means the period ending (31* March, 30" Sept., December)
   • B) State whether True or False. (any seven) 7
9. Q1 Company does not have Perpehral Succession
10. Q2 Shareholder have the right of priority to have shares offered to him in case of increase of a capital
11. Q3 Corporate Veil may be lifted for the protection of revenue
12. Q4 Itis the duty of the promoter to see that prospectus does not contain misleading statement
13. Q5 Memorandum and Articles of the company binds the company to its members
14. Q6 Debenture carries fixed rate of interest
15. Q7 Private placement records to be maintained in PAS.5
16. Q8 Acompany cannot become a member of a company
17. Q9 Bonus shares are issued at no cost
18. Q10 Doctrine of indoor management protects the outsider
19. Q2 A) Define a company? What are the advantages and disadvantages of incorporation Also distinguish between Private and Public company. 15
    • B) Write in short about Articles of Association. 8
    • C) Write in short about object clause 7
20. Q3 A) Briefly explain the classification of companies under the Indian Companies Act
    • B) Explain the doctrine of indoor management
    • C) Explain the doctrine of ‘Corporate Veil" under what circumstances can the veil be lifted
    • D) Explain the meaning of pre-incorporate contracts. Is the company bound by such contra
21. Q4 A) What is a prospectus? What are the different kinds of prospectus?
    • B) Write in short note on Statement in lien of the prospectus
    • C) What are the rules regarding private placement of securities?
    • D) Discuss in detail about alternation of share capital
22. Q5 A) Under what circumstances cana private company be treated to have became a public cor
    • B) What is the effect or binding force of the memorandum and Articles of Association? Write short notes
23. Q3 Debentures
24. Q4 Name clause
25. Q5 Procedure for Registration of company

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