LLB 3 Years Sem 3 Company Law May 2016 Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q1 Explain, the provision to buy-back of shares
   • (f) Discuss the contents of Association’ and explain ‘ procedure for altering the Object Clause (3 Hours) Total Marks: 100 (
   • (1) All questions are compulsory
   • (2) Figures to the right indicate full marks
2. Q1 Answer in not more than two sentences :—
   • (b) Who is proxy? &
   • (c) What is Lien on Shares? 4 What is voluntary winding up? ar
   • (e) Define Debenture
   • (f) Give any two purposes for which the security premium can be utilised by the company. S Who is contributory?
   • (h) Who is “Authorised Person” under FEMA,
   • (i) What is cumulative preference shares?
   • (j) Give any two instances of Current Account under FEMA
3. Q2 Write short notes on any four of the following” 20 marks
   • (b) Statement in liéu of
   • (d) Equity Shares Distinguish between Share & Stock
4. Q3 Solve any two of - 12 marks
   • (a) A bill of exphange was drawn upon a company in its propername & it accepted by two directors of the company. The word however, did not appear in acceptance. The reason was Hat the rubber stamp by which the words of acceptance were on the bill was longer than the paper of the bill and therefore, the word ‘Limited’ over-lapped the paper. The company failed to pay the bill : (i) If the liability of the members of a Private company is limited, how will you write the name of the company

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