LL.B. (Three Years) Sem 3 Company Law Apr 2024 75/25 Question Paper - Mumbai University | munotes

Questions asked in this paper

• Please check whether you have got the right question paper
• 2. Figures to the right indicate full marks

1. Q1 Answer the following in not more than two sentences (Any Six) 12 marks
   • (a) Explain Associate Company
   • (b) What does ‘Ratification-of pre incorporation Contract’ mean?
   • (c) What is notice of memorandum and articles of association?
   • (d) What is prospectus?
   • (e) How much CSR contribution is mandatory?
   • (f) When sweat equity shares are issued by the company?
   • (g) What are the sources of payment of dividends?
   • (h) What Plan?
2. Q2 Write short notes on (Any two) of Indoor Management 12 marks
   • c. Debentures
3. Q3 Answer the following by giving reason (Any two) Ram, Mr. Madhav and Mr. Shri are friends were owning an Amusement Park together which they transferred to ABC Exciting Park Ltd. Co. exemptions from ad valorem duty on transfer of property to the Company: 12 marks
   • (i) Can they claim exemption since transfer of property is in the company which belongs to (i1) Explain the principle applicable.to decide the matter
   • (ii) State the case law for the same Holdings Ltd.Company issued a prospectus stating all the details of the company, including its share capital, pre- incorporated contracts. All the statements were signed by the two Directors, Auditor and the CFO. Mr. Bhola Ram subscribed for securities of a company acting on the above statements. However, it that the prospectus was issued with the intention to defraud the applicants
   • (i) What are the rights of Mr. Bhola Ram? What is the liability and liable for the mis-statements in the prospectus?
   • c. Mr. Amar Shah, MD, Krish Industries Ltd., signed-a deal with Ferrari NV, a Italian business, who agreed to purchase 51% shares of Krish Industries Ltd. sold portion of his Krish Industries ownership, which he owned Mr. Aditya considered Mr. Raj to be well connected individual, and accordingly held that Mr. Shah was guilty of insider trading
   • (i) Who is an Insider (i1) Did Insider Trading happen in the given case and state the What is the penalty for Insider Trading
   • d. Mr. Lodi, a prominent cloth merchant, was obtaining fraudulent Letters of Undertaking (LoUs) worth approximately $2 billion along with the officials of Uttar Rashtriya Bank. Mr. the country, in is responsible and liable for actions carried out by him with Bank officials
   • (i) Explain Corporate Governance What are the consequences of obtaining fraudulent Letters of Undertaking by Mr. Lodi
   • (iii) State the case law
4. Q4 Answer the following (Any three) 39 marks
   • a. Explain Memorandum and Articles of the alteration of these two documents with b: Explain in detail Appointment, Qualifications and Powers of Statutory Auditor
   • c. Explain different methods of voting at the Annual General Meeting and Passing of Resolution by Circulation for.directors
   • d. Explain Class Action Suit and Powers of Tribunal in cases.of Oppression and Mismanagement
   • e. detail about Corporate Social Responsibility activities-that can be carried out by the Company and different theories that provide the basis of evolution of Corporate Governance with
5. Q1 12 marks
6. Q2 12 marks
7. Q3 BRU SHA at) oft aff. fa (ii) (iii) 12 marks
   • (i) oft are aft aT aT
   • (iii) SS
   • (i) AT
   • (ii) oft, (ii)

Read from the scan above, so a character or two may differ. The scan is the original.