BCom In Accounting & Finance (BCAF) SEM IV 2017 2018 April 2018 BUS. LAW Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q2 Figures on the right indicate full marks Q-1. A. Fill in the blanks. (Any 8) (08)
2. Q1 Incase of small company paid up share capital doesn’t exceed Rs. or such higher amount as may be prescribed
3. Q2 means a company which has only one person as a member
4. Q3 Incase of private company maximum numbers of members are
5. Q4 DIN stands for
6. Q5 Prospectus were issued in case securities were issued in stages
7. Q6 A public company may issue securities to public through prospectus known as
8. Q7 Buy back securities should be physically destroyed within days
9. Q8 Partnership business is governed by
10. Q10 Prospectus must be signed by atleast directors 7of the company
    • B. State whether following statements are True or False. (Any 7) 7
11. Q1 Even bomb cannot destroy a company
12. Q2 The promoter stands in a fiduciary position towards the company
13. Q3 Incase of Private Company, auditor is appointed by CAG
14. Q4 Promoter cannot make any profit without consent of the company
15. Q5 Maximum number of members in case of public company is unlimited
16. Q6 Registration of partnership firm is compulsory in all over India
17. Q7 Equity share holders cannot vote in meeting
18. Q8 Buy back of shares is specified under section 62
19. Q9 Sweat equity shares are issued at a discount for consideration
20. Q10 Paid up share capital means such aggregate amount of money credited as fully paid up Q-2. a. What is Memorandum of Association? Explain all the clauses of Memorandum of
    • b. What is the procedure for forming a company? Q-2. a. What is Doctrine of ultra vires and its effects? (07) 8
    • b. Write a distinguish between Private Company and Public Company. 8
    • Q.P. Code: 35795 Q-3. a. What is prospectus? Explain all types of prospectus. (07)
    • b. What is Private Placement and explain rules regarding private placement. Q-3. rules regarding allotment of shares by company. (07) 8
    • b. Explain main contents of prospectus. Q-4. a. Write a distinguish between Equity and Preference shares. (07) 8
    • b. What is Bonus Shares? Explain rules regarding bonus issue. 8
    • b. What is Buy Back of Shares? Explain rules regarding buy back of shares. Q-5. Write short notes. (Any 3) (15) 8
    • a. Transmission of shares
    • b. Debentures
    • c. Doctrine of Constructive Notice
    • d. Foreign Company
    • e. Independent Director

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