LL.B. (Three Years) Sem 3 Company Law Jan 2018 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 Write answer in not more than 2 to 3 lines 20 Marks

1. (a) State the nationality of company.
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2. (b) Which companies have license to drop word "limited" form their name?
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3. (c) Who is an outsider for the company?
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4. (d) Which company can publish shelf prospectus?
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5. (e) Who are promoters of company?
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6. (f) What is an allotment of shares?
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7. (g) What does blank transfer mean?
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8. (h) When shares can be forfeited?
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9. (i) Who is authorized person?
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10. (j) Define Capital Account Transaction under Foreign Exchange Management act 1999
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2. Q.2 Write short note on (any 4) 20 Marks

1. (a) Issue of shares at premium?
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2. (b) Role of an auditor for maintenance of accounts of company.
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3. (c) Annual general meeting
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4. (d) Floating charge
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5. (e) Difference between private and public company
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6. (f) Certificate of incorporation
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3. Q.3 Solve (any two) 12 Marks

1. (a) Mr. A, Mr. B, Mr C incorpated ABC pvt ltd. Company on 1st January 2016. But the date on certificate of incorporation was 30th January. Mr. A purchase raw material for company on 25th December 2015 Mr. B purchases furniture for company but some of it use it home purpose on 15th January 2016 on the name of company. when the bill was presented company refuses to pay the bill.
   • (i) Which is legal date of incorporation of company?
   • (ii) Is the company liable to pay B
   • (iii) State remedies available to Mr. A for recovery of expenses.
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2. (b) It was mentioned in companies prospectus that company makes a provision for purchase of foreign machinery which will reduce the production cost and considerable increase in profit of company is expected. Beliving on prospectus many person invests in company. But during year fails to purchase machinery. A press reporter file suit against directors who signs the prospectus.
   • (i) Can press reporter do so? Why?
   • (ii) In the above case are the Directors personally liable for misrepresentation in prospectus? why?
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3. (c) A Private Company has only two shareholder who are also the directors. The company has made large profits, but there is a complete deadlock in the management of the company. One of the shareholders applied for the Winding up of a company.
   • (i) Can the Tribunal order the windings up of company?
   • (ii) State the grounds on which the Tribunal can order winding up of the company?
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4. Q.4 Answer any four of the following 48 Marks

1. (a) What is winding up of company and how does it takes place?
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2. (b) What is indoor management?
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3. (c) Write various modes of appointment of Directors in company?
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4. (d) Write merits of Company?
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5. (e) State the Doctrine of Ultra Vires?
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6. (f) What is Prospectus? what are the remedies available for misstatement in Prospectus?
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Read from the scan above, so a character or two may differ. The scan is the original.