BCom In Accounting & Finance (BCAF) SEM IV 2022 2023 March 2023 F BUSINESS LAW Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q1 Objectives questions : 15 marks
   • A. State whether the statements TRUE Or FALSE : (Any 8) 8 One person company means a company which has only one person as a member
   • 2. Minimum paid up share capital of a private company is rs.1,00,000
   • 3. Private placement means offer of securities
   • 4. A debenture is an external equity
   • 5. Shares and debentures are movable property of the company
   • 6. Public company has a minimum paid up share capital of seven lakh rupees
   • 7. Shell prospectus is not deemed to be a prospectus
   • 9. An artificial person created by law is called partnership firm
   • 10. The liability of members in a company is unlimited
   • B. Match the columns : (Any 7) 7
   • 1. Memorandum of Association a. artificial person
   • 2. Private company b. 1932
   • 4. Shares & debentures are d. given to employees as consideration
   • 5. Sweat equity e. movable property of the company
2. Q2 Answer the following
   • (a) Explain OPC with Essential Features. 8
   • (b) Explain Accounting and Auditing Standard. 7
   • (c) What are the Features of Company?
   • (d) What do you mean by Lifting the Corporate the Veil?
3. Q3 Answer the following :
   • (a) What is of Company? 8
   • (b) Who is Promoter and explain duties and liabilities of promoter. 7
   • (c) Difference*between Private and Public company
   • (d) Explain the registration process of Company under Companies Act, 2013
4. Q4 Answer the following
   • (a) What do you mean by shares and what are the different types of shares? 8
   • (b) What is Certificate of Shares. 7
   • (c) Explain Article of Association and its contents
   • (d) State difference between Private placement and Public Offer
5. Q5 Explain Prospectus and explain types of prospectus. 15 marks
6. Q5 Short Note : (Any 3) 15 marks
   • (a) Debentures (b) Memorandum of Association
   • (c) Books of Accounts (d) Financial Year
   • (e) Doctrine of Indoor

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