LLB 3 Years Sem 3 Company Law June 2023 Question Paper - Mumbai University | munotes

Questions asked in this paper

• Please check whether you have got the right question paper
• 2. Figures to the right indicate full marks

1. Q1 Answer the following in not more than two sentences (Any Six) 12 marks
2. Q1 What are Pre Incorporation contracts of Company?
3. Q2 Explain the term Authorized Dealer
4. Q3 Which Companies have license to drop the word “limited” from its name?
5. Q4 Why object clause is important for the creditors of the Company?
6. Q5 What is Red Herring Prospectus?
7. Q6 What is Foreign Exchange?
8. Q7 What is share certificate?
9. Q8 What is underwriting Commission?
10. Q9 When Key Managerial Person are required
11. Q10 What are the minimum and maximum number of directors in OPC, Private Company and Public Company?
12. Q2 Write short notes on (Any two) 12 marks
13. Q1 Appointment of Auditors
14. Q2 Reduction of Capital
15. Q4 Independent directors
16. Q3 Answer the following by giving reason (Any two) 12 marks
17. Q1 Mr. Mr. B want to incorporate private limited company. Advice them on
    • a) Restriction on number of members
    • b) Issue of prospectus
    • c) Conversion into public company
18. Q2 The directors of a company issued a prospectus inviting subscriptions for debentures stating the objects of the issue of debentures were to complete alterations in the buildings of the company and to develop trade of the company. Relying on the statement Mr. John advanced money. To save the company, Directors used the fund to pay off other liabilities of the Company
    • a) Whether Mr. John has right to file suit against Company? Why?
    • b) Whether the utilization of fund for saving of company from liabilities amounts to
19. Q3 The articles of association of a company contained a clause to the effect that Mr.B should be a director and should not be removable till 2026. Mr. B was however removed in the year 2023. Mr. B brought an action to restrain the company from
    • a) Advice Company
    • b) Who is an outsider for the company?
20. Q4 Mr. Black was appointed as managing director of the FICO Company on the condition that “he shall not at any time while he shall hold the office of a managing director or afterwards, solicit or entice away the customers of the Company.” His employment was determined under an agreement. Mr. White incorporates rival company in which Mr. Black is one of the Directors
    • a) Is there any remedy available to FICO Company?
    • b) Can FICO Company file a suit against its rival Company?
21. Q4 Answer the following (Any two) 24 marks
22. Q1 Explain requisites of valid meeting of shareholders
23. Q2 Explain the rule in “Foss v Harbottle”
24. Q3 Explain the process of winding up of company
25. Q4 State the characteristics of a company [Time: 2 Hours 60 Marks] Please check whether you have got the right question paper
    • N.B. the questions are compulsory
26. Q2 Figures to the right indicate full marks
    • A) FICO at
    • C) FICO HR sat feret 2 ) 24 marks

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