LL.B. (Three Years) Sem 3 Company Law Apr 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) What is meant by corporate social responsibility (CSR)?
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2. (b) What is meaning of quorum?
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3. (c) Write any two functions of Auditor
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4. (d) What is meaning of proxy?
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5. (e) Write any two differences between company and partnership firm
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6. (f) Write any two modes of acquisition of membership
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7. (g) Write any two differences between MOA & AOA
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8. (h) What is meaning of merger and demerger of company?
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9. (i) What is nationality of company?
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10. (j) What is the meaning of ordinary resolution?
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2. Write short notes on (Any two) 12 Marks

1. (a) Shelf prospectus
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2. (b) Articles of Association
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3. (c) One Person Company
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4. (d) Independent Director
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3. Answer the following by giving reason (Any two) 12 Marks

1. (a) Mr. A and Mr. B want to incorporate private limited company. Advice them on following terms
   • (a) Restriction on number of members
   • (b) Issue of prospectus
   • (c) Conversion into public company
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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.
   • (a) Whether the Board of Directors have power to pass such resolution?
   • (b) Define the nature of act committed by the Board of Directors and comment on its validity.
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3. (c) Mr. Black was appointed as managing director of the FICO Company on the condition that "he shall not at any time while he shall hold the office of a managing director or afterwards, solicit or entice away the customers of the Company." His employment was determined under an agreement. Mr. White incorporates rival company in which Mr. Black is one of the Directors.
   • (a) Is there any remedy available to FICO Company?
   • (b) Can FICO Company file a suit against its rival Company?
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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.
   • (a) Can they claim exemption since transfer of property is in the company which belongs to them only
   • (b) Explain the principal applicable to decide the matter.
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4. Answer the following (Any two) 24 Marks

1. (a) Explain about the qualification and disqualification of a director of company under the Companies Act, 2013?
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2. (b) Discuss about various types of winding up a company?
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3. (c) State the characteristics of a company.
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4. (d) Explain the rule in "Foss v Harbottle"
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Read from the scan above, so a character or two may differ. The scan is the original.