LL.B. (Three Years) Sem 3 Company Law Jan 2024 60/40 Question Paper - Mumbai University | munotes

Questions asked in this paper

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

1. Answer the following in not more than two sentences (Any Six) 12 marks

1. (a) When does the government give licence to limited company to register without word "limited" as part of it's name?
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2. (b) What is ultra vires borrowings?
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3. (c) What is Compromise or arrangement?
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4. (d) What is sick Company?
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5. (e) Concept of 'Foreign Company' under Companies Act, 2013
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6. (f) Difference between Doctrine of Indoor Management and Doctrine of Constructive Notice
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7. (g) Define Promoter
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8. (h) When is Nomination and Remuneration Committee Required?
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9. (i) Quorum of Board Meetings
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10. (j) Signatories of Financial Statements
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2. Write short notes on (Any two) 12 marks

1. (a) Ratification of pre-incorporation contract.
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2. (b) Distinguish between Oppression and Mismanagement
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3. (c) Corporate Criminal Liability under the new Amended Company Act, 2013.
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4. (d) Shelf Prospectus
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3. Answer the following by giving reason (Any two) 12 marks

1. (a) Members of PQR Pvt Ltd. company wants to convert the company in to public company.
   • (i) Can members do so?
   • (ii) What is the procedure?
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2. (b) The Board of Directors of Sun Pharmaceuticals Co. Ltd passed a resolution in the meeting of Board of Directors regarding the external reconstruction of the Company.
   • (i) Whether the Board of Directors have power to pass such resolution?
   • (ii) Define the nature of act committed by the Board of Directors and comment on its validity.
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3. (c) ABC is a Private Limited Company whose paid up Capital is Rs. 60 Crores and deposits are Rs. 30 Crores.
   • (i) Explain whether Internal Auditors are required
   • (ii) Whether rotation of Statutory Auditors will be applicable to ABC Pvt. Ltd. Co.
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4. (d) Mr. Ram, Mr. Shyam, Mr. Madhav and Mr. Shri are friends were owning an Amusement Park together which they transferred to ABC Exciting Park Ltd. Co. and claimed exemptions from ad valorem duty on transfer of property to the Company.
   • (i) Can they claim exemption since transfer of property is in the company which belongs to them only
   • (ii) Explain the principle applicable to decide the matter.
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4. Answer the following (Any two) 24 marks

1. (a) Explain in detail Winding Up of a Company, Who are entitled to file Petition for the Winding up, state Grounds on which a company may be wound up by the Tribunal and explain appointment of official liquidator.
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2. (b) Explain Prospectus, Offer for Sale, Contents of Prospectus & different types of Liabilities for misstatements in prospectus.
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3. (c) Explain Appointment of Board of Directors, Rotation of Directors and their Duties of Directors
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4. (d) Explain different types of voting, different types of business transacted and resolutions passed in relation to shareholder's meetings
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