LL.B. (Five Years) Sem 7 Company Law Nov 2016 Question Paper - Mumbai University | munotes

Questions asked in this paper

• N.B: (1) All questions are compulsory (2) Figures to the right indicate full marks.

1. Q.1 Write Answer in not more than two sentences 20 Marks

1. (a) What is pre-incorporation contract?
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2. (b) State any two requisites of valid meeting.
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3. (c) Who is authorised person under FEMA, 1999?
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4. (d) What is 'Red-herring' prospectus?
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5. (e) What is import under foreign Exchange management Act (FEMA) 1999?
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6. (f) What is Fixed and floating charge?
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7. (g) Who is promoter?
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8. (h) What is Lien on shares?
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9. (i) What is joint ventures?
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10. (j) How can a company after its name alter Clause.
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2. Q.2 Write Short notes on any four of the following 20 Marks

1. (a) Rights of Members
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2. (b) Equity shares
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3. (c) Saloman Vs. Saloman and Co.
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4. (d) Doctrine of Indoor Management
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5. (e) Debenture
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6. (f) DEMAT
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3. Q.3 Solve any two of the following 12 Marks

1. (a) 'XYZ' Public Limited Company has given advertisement in News paper stations ' Some shares are still available for sale," according to terms of the prospectus of the company, which can be obtained on application. Answer :-
   • (i) What is prospectus?
   • (ii) With such advertisement could be held as prospectus? Why?
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2. (b) At an Annual General Meeting of a company the matter is for an appointment of Director :
   • (i) When a Board of Directors can appoint Director under companies Act?
   • (ii) When the retiring Directors shall be deemed to have been re-appointed?
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3. (c) Company 'A' lent money to company 'B' on a mortgage of its assets. The procedure laid down in the Articles for such transactions were not complied with
   • (i) Is the Mortgage binding between company 'A' and 'B'
   • (ii) Will the exceptions to the doctrine of Indoor Management apply in this case?
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4. Q.4 Answer any four of the following 48 Marks

1. (a) Define 'Company' and discuss the advantages of incorporation with reference to case laws?
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2. (b) Discuss the doctrine of 'Ultra-vires' with special reference to Ashbury railway carriage and Iron co. Ltd. Vs. Riche.
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3. (c) Explain the circumstances under which the court can lift the corporation Veil of the company?
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4. (d) Who can be shareholder? What are the rights and duties of shareholders?
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5. (e) Discuss the provisions regarding. Appointment and Qualification of Directors?
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6. (f) What is prospectus? What are the remedies available for mis -statement in lieu of prospectus?
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Read from the scan above, so a character or two may differ. The scan is the original.