LL.B. (Three Years) Sem 3 Company Law May 2019 Question Paper - Mumbai University | munotes

Questions asked in this paper

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

Q. 1 Q.1 Answer in one or two sentence 20 Marks

1. (a) What is "Foreign Security"?
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2. (b) What is "Director Identification Number"?
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3. (c) What is Repatriation of Foreign exchange?
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4. (d) What is "Cumulative shares"?
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5. (e) What is "Floating charge"?
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6. (f) What is "Deemed Prospectus"?
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7. (g) What is "Debenture"?
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8. (h) Who is a Nominee Director?
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9. (i) What is "Subsidiary Company"?
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10. (j) What is "Investor Education and Protection Fund"?
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Q. 2 Q.2 Write short notes on any four 20 Marks

1. (a) Advantages of forming Company
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2. (b) Kinds of Share capital
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3. (c) Annual General Meeting
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4. (d) Buy Back of shares
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5. (e) Appointment of Directors
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6. (f) Theory of Corporate Personality
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Q. 3 Q.3 Answer any two 12 Marks

1. (a) A meeting of Board of Directors could not be held for want of Quorum
   • (a) What shall be the subsequent procedure?
   • (b) What shall be the Quorum for Meeting of Board?
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2. (b) A company to make its public issue a success makes an agreement with financial institution to subscribe shares to the extent not taken by the public.
   • (a) What is public issue?
   • (b) What is this agreement between company and financial institution known as?
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3. (c) By passing an ordinary resolution a company removes one of its directors before the expiry of term from his office.
   • (a) Is such a removal valid? What are the pre requisites for such resolution?
   • (b) Can a director appointed by Tribunal be removed so?
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Q. 4 Q.4 Answer any four in detail 48 Marks

1. (a) "A proper balance of the rights of majority and minority shareholders is essential for the smooth functioning of the company" Discuss.
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2. (b) What is the procedure for transfer of shares and explain the remedies available if a company refuses to register transfer of shares?
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3. (c) State the golden rule of framing prospectus. What are the remedies available for misrepresentation in Prospectus?
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4. (d) Explain the legal position and duties of Director?
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5. (e) Explain in detail the provision in the companies Act relating to Prevention of oppression and mismanagement?
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6. (f) Who is a official liquidator and what are his power and duties?
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