LL.B. (Three Years) Sem 3 Company Law Nov 2014 Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q1 Answer in not more than two sentences 20 marks
   • (a) Who is contributory ?
   • (b) What is “Dividend” ?
   • (c) When, a person ceases to be a member of a company ?
   • (d) What is stock ?
   • (e) What do you mean by “Joint Venture” ? When does transmission of shares take place ?
   • (g) pre-incorporation What is prospectus under the companies Act, 1956 ? is fixed and floating charge ?
   • (j) What do you mean by lien on shares ?
2. Q2 Write short notes on any four of the following :—
   • (a) Doctrine of Constructive Notice
   • (c) Equity Shares Statement in lieu of Prospectus
   • (f) Distinguish between Private and Public Company
3. Q3 Answer any two of the following 12 marks
   • (a) Articles of Association of “Shree Co. Ltd. provided for preferential shares carrying a “Cumulative Preferential Dividend,” Later on the company altered its Article by striking out the word ‘Cumulative’ before preference—
   • (i) Does preferential share holders of the company still entitle to a cumulative
   • (ii) Distinguish between Cumulative and Non Cumulative preference shares
   • (b) The Directors of passed a resolution at a Board Meeting, resolving to make a call on the shareholders. However, the amount of call money and the due date of payment were left blank in the resolution. Later, These blanks were the secretary (i} Will suchacallbevalid? Why? What do you mean by “Calls on Shares” ?
   • (c) Inthe meeting of “Shiv Samartha Co. Ltd” proper quorum was present at ‘the beginning. However few members left at the mid of meeting when proceeds to business—
   • (i) Does the departure of members, invalidate the meeting
   • (ii) Whatis quorum ? What should be the quorum for meetings.of Public and Private Company, if Articles of Association has no provision ? Answer any four of the following 48
   • (a) Define “Company” and discuss the advantages of incorporatioin with reference to case laws
   • (b) What are the compulsory clauses in the Memotandum of Association ? In what mode and to what extend can a company alter these clauses ?
   • (c) Who is Promoter? Discsus his position. State his duties and liabilities
   • (d) Explain the provisions relation to appointment of auditors Explain the provisions of compulsory winding up under :— ‘Inability to pay debts
   • (ii) Just and Equitable grounds ?
   • (f) Explain the legal position of a Director? aS
   • (S) (stock)

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