LL.B. (Three Years) Sem 3 Company Law Apr 2015 Question Paper - Mumbai University | munotes

Questions asked in this paper

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

1. (a) What is "Joint Venture"?
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2. (b) Who is authorised person under FEMA 1999?
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3. (c) What is fixed and floating charge?
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4. (d) Who is alternate director?
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5. (e) Who is contributory?
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6. (f) What is Amalgamation?
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7. (g) Define Debenture?
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8. (h) What is difference between shares & stocks?
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9. (i) What is Capital Account Transaction under FEMA Act 1999?
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10. (j) What do you mean by lien on Shares?
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2. Q.2 Write short notes on any four of the following 20 Marks

1. (a) Adjudicatory Authority under FEMA 1999.
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2. (b) Cumulative and non cumulative shares.
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3. (c) DEMAT
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4. (d) Holding and Subsidiary company
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5. (e) Merits of Public Company
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6. (f) Saloman vs Saloman & co.
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3. Q.3 Answer any two of the following questions 12 Marks

1. (a) 'Patil' transport company created floating charges on the Debentures issued by the company. Answer -
   • (i) What remedies are available to the debenture holder, if the company makes default in the payment of the principal or interest?
   • (ii) Under what circumstances floating charge becomes fixed charge?
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2. (b) "Shree Ganesh" is a Public Limited Company has given advertisement in newspaper. Stating "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) Will such advertisment could be held as prospectus? Why?
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3. (c) At an Annual General Meeting of a company, the matter is for the appointment of the director - Answer-
   • (i) When Board of Directors, can appoint directors under Companies Act?
   • (ii) When the retiring directors shall be deemed to have been re-appointed?
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4. Q.4 Answer any four of the following questions 48 Marks

1. (a) What is Winding up of company? What are the grounds under section 433 of. Companies Act 1956 by which Tribunal may order winding up of a company?
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2. (b) Explain the povisions relating to buy-back of shares.
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3. (c) Explain the circumstances under which the court can lift the corporate veil of the company?
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4. (d) Define Private Company? Distinguish between Public Company and Private Company?
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5. (e) Discuss the nature of Corporate Personality and state various theories of corporate Personality?
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6. (f) Define "Member". How membership is acquired and how it is terminated?
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