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

Questions asked in this paper

• N.B: 1. All the questions are compulsory. 2. Figures to the right indicate full marks.

1. Q.1 Answer in not more than two sentences 20 Marks

1. (a) What is Investor Education and Protection Fund?
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2. (b) What is 'blank transfer'?
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3. (c) What is debenture?
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4. (d) Define 'Person resident in India' under FEMA 1999?
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5. (e) What is 'Red - herring' Prospectus?
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6. (f) Can a minor become a member of Company?
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7. (g) Define 'Foreign Exchange' under FEMA 1999?
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8. (h) Who is 'Proxy'?
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9. (i) What is 'One Person Company'?
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10. (j) What is Amalgamation of company?
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2. Q.2 Write short notes on any four 20 Marks

1. (a) Authorised Person
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2. (b) Rule of Constructive Notice
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3. (c) Kinds of Meeting
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4. (d) Calls on shares
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5. (e) Auditor
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6. (f) Inspection and Inquiry
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3. Q.3 Solve any two 12 Marks

1. (a) A public Company declares dividend to its shareholders at an AGM.
   • (i) What is the procedure to be followed by the company for payment and distribution of dividend?
   • (ii) What is Interim Dividend? Can the declared interim dividend be withdrawn?
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2. (b) By passing an ordinary resolution a company removed one of its directors before the expiry of his term.
   • (i) Is such a removal valid?
   • (ii) What are the pre requisites for such a resolution?
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3. (c) A meeting of Board of Directors could not be held for want of Quorum.
   • (i) What shall be the subsequent procedure?
   • (ii) What shall constitute quorum for meeting of Board?
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4. Q.4 Answer any four in detail 48 Marks

1. (a) What is the importance of Prospectus and What are the remedies available for misrepresentation in Prospectus?
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2. (b) Explain appointment, power and duties of a Director?
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3. (c) Explain the rule in Foss V Harbottle with exceptions?
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4. (d) An important step in the formation of company is to prepare a document called the Memorandum of Association.' Discuss in detail.
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5. (e) Explain the various provisions under Companies Act, 2013 regarding transferability of shares of public and private company?
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6. (f) Explain the process of winding up of companies under the Companies Act, 2013?
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