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

Questions asked in this paper

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

Q1 Answer in one/two sentences 20 Marks

1. (a) What is "Dividend"?
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2. (b) What is a "Government company"?
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3. (c) Define "Authorised person"?
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4. (d) What is "One person company"?
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5. (e) What shall be the Quorum of meetings of board?
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6. (f) What is Current Account transaction?
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7. (g) What is Shelf Prospectus?
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8. (h) Who is a Promoter?
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9. (i) Write two differences between Company and Partnership?
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10. (j) Who can be appointed as an Auditor?
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Q2 Write short notes on any four 20 Marks

1. (a) Registration of company.
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2. (b) Inspection and Inquiry.
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3. (c) Transfer and Transmission of shares.
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4. (d) Memorandum of Association.
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5. (e) Extra Ordinary General meeting.
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6. (f) Theory of Corporate Personality.
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Q3 Answer any two of the following 12 Marks

1. (a) The directors of a company issued a prospectus stating some false representations. Relying on this statement "A" invested money. Company suffered loss and become insolvent.
   • (a) What is the remedy available to 'A'?
   • (b) What is the liability of the company and is directors?
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2. (b) X and Y the promoters of a company entered into a contract with M/s AB Brothers for purchase of goods on behalf of the company to be formed.
   • (a) What is Pre incorporation contract?
   • (b) What is the liability of promoters?
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3. (c) A company wants to change its Registered office.
   • (a) What is the Procedure?
   • (b) What is the penalty for not complying with the provisions of Companies Act?
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Q4 Answer any four in detail 48 Marks

1. (a) Who is an Official liquidator and what are his powers and duties?
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2. (b) Explain the rule in Foss Vs Harbottle with exceptions?
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3. (c) Explain the circumstances in which a company may be wound up by Tribunal and its powers?
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4. (d) Define Debentures and what is fixed charge and floating charge?
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5. (e) Explain the legal position and duties of director of company?
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6. (f) What are the civil, criminal and tortuous remedies against companies?
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