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

Questions asked in this paper

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

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

1. (a) Who is Proxy?
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2. (b) What is share warrant?
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3. (c) Define Debenture
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4. (d) What do you mean by Joint Venture?
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5. (e) Who is contributory?
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6. (f) Who is 'Alternate Director?'
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7. (g) Explain "Transmission of shares".
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8. (h) Give any two instances of Current Account Transaction under FEMA, 1999.
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9. (i) Who is 'Authorised Person' under FEMA 1999?
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10. (j) What is Pre-incorporation contract?
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2. Q.2 Write short notes on (any four) 20 Marks

1. (a) Annual General Meeting.
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2. (b) Preference shares.
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3. (c) Rights of Members
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4. (d) Issue of shares at Discount.
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5. (e) Salomon vs Saloman & Co. Ltd.
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6. (f) Distinguish between Public company and Private company.
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3. Q.3 Solve any two of the following 12 Marks

1. (a) At an Annual General Meeting of a company the matter is for an appointment of 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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2. (b) Patil Transport company created floating on the Debentures issued by the company. Answer.
   • (i) Under what circumstances floating charge becomes fixed charge?
   • (ii) What remedies are available to the debenture holder, if the company makes default in the payment of the principal or interest?
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3. (c) ABC Ltd posted notices to its members on 15th Dec. 2014, for a meeting to be held on 18 Jan 2015.
   • (i) Will the meeting be a valid meeting? Why?
   • (ii) After the expiry of what time, will the notice of a meeting which is despatched under certificate of posting be deemed to be served?
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4. Q.4 Answer any four of the following 48 Marks

1. (a) Explain the doctrine of Indoor Management along with exceptions, if any.
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2. (b) Who is promoter? Discuss his position. State his duties and liabilities.
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3. (c) Explain the provisions relating to appointment of Auditors.
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4. (d) What is forteiture of shares? Explain the rules relating to valid forfeiture.
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5. (e) Define 'Company' and discuss the advantages of incorporation, with reference to case laws.
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6. (f) Explain the provisions relating to buy-back of shares.
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