LLB 3 Years Sem 3 Company Law May 2017 Question Paper - Mumbai University | munotes

Questions asked in this paper

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• 2. Figures to the right indicate full marks

1. Q1 Write answer in not more than two sentences 20 marks
   • b) When does Transmission of Share takes place?
   • c) What is tenure of appointment of an Auditor?
   • d) Define Debenture
   • e) What is meant by Dividend?
   • f) What is ‘Joint Venture’?
   • g) alter its name clause?
   • h) Who is ‘Authorised Person’ under FEMA 1999
   • i) What is voluntary winding up?
   • j) Give any two instances of current account transaction under FEMA 1999
2. Q2 Write short notes on any four of the following: 20 marks
   • a) Distinguish between Private and Public company
   • b) Official Liquidator
   • c) Cumulative and Non-Cumulative shares
   • d) Surrender of shares
   • e) Doctrine of Constructive notice
   • f) Forfeiture of shares Solve any two of the following: 12
   • a) The Directors of a company passed a resolution at a Board Meeting, resolving to make a call on a shareholders. However, the amount of ‘call money’ and ‘the due’ date of payment were left blank in the resolution. Later, these blanks were filled by secretary i, What do you mean by ‘call on share’?
   • ii. Will Such a call be valid? Why?
   • b) ‘Godavari’ Transport Co. created floating charge on the Debentures issued by the company
   • 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 of the Principal or Interest?
   • c) Inthe meeting of ABC Co. Ltd proper quorum was present at the beginning. However few members left at the middle of the meeting. It proceeds to business Does the departure of member invalidate the meetings?
   • ii. What is quorum? What should be the quorum for meetings of Public and Private company if articles of association has no provisions?
   • Q.P. Code :04541
3. Q4 Answer any four the following : 48 marks
   • a) Explain the Doctrine of Indoor Management along with exceptions if any?
   • b) Explain the provisions relating to appointment of Auditors?
   • c) Define ‘Member’? How Membership is acquired and how it is terminated?
   • d) What are the compulsory clauses in the Memorandum of Association? What is winding up of company? What are the grounds under Companies Act, 2013, by which Tribunal may order winding up of a company? Explain the legal position of Directors?
   • Q.P. Code :04541 Please check whether you have got the right question paper
   • N.B: 1. Wa

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