LL.B. (Three Years) Sem 3 Company Law May 2017 Question Paper - Mumbai University | munotes

Questions asked in this paper

• N.B: 1. Figures to the right indicate full marks.

Q.1 Q.1 Write answer in not more than two sentences 20 Marks

1. (a) Who is Alternate Director?
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2. (b) When does Transmission of Share takes place?
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3. (c) What is tenure of appointment of an Auditor?
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4. (d) Define Debenture.
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5. (e) What is meant by Dividend?
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6. (f) What is 'Joint Venture'?
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7. (g) How can a company alter its name clause?
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8. (h) Who is 'Authorised Person' under FEMA 1999.
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9. (i) What is voluntary winding up?
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10. (j) Give any two instances of current account transaction under FEMA 1999
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Q.2 Q.2 Write short notes on any four of the following 20 Marks

1. (a) Distinguish between Private and Public company
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2. (b) Official Liquidator
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3. (c) Cumulative and Non-Cumulative shares
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4. (d) Surrender of shares
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5. (e) Doctrine of Constructive notice
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6. (f) Forfeiture of shares
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Q.3 Q.3 Solve any two of the following 12 Marks

1. (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.
   • (a) What do you mean by 'call on share'?
   • (b) Will Such a call be valid? Why?
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2. (b) 'Godavari' Transport Co. created floating charge on the Debentures issued by the company
   • (a) Under what circumstances floating charge becomes fixed charge?
   • (b) 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) In the 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.
   • (a) Does the departure of member invalidate the meetings?
   • (b) What is quorum? What should be the quorum for meetings of Public and Private company, if articles of association has no provisions?
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Q.4 Q.4 Answer any four the following 48 Marks

1. (a) Explain the Doctrine of Indoor Management along with exceptions if any?
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2. (b) Explain the provisions relating to appointment of Auditors?
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3. (c) Define 'Member'? How Membership is acquired and how it is terminated?
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4. (d) What are the compulsory clauses in the Memorandum of Association?
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5. (e) What is winding up of company? What are the grounds under Companies Act, 2013, by which Tribunal may order winding up of a company?
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6. (f) Explain the legal position of Directors?
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