LL.B. (Three Years) Sem 3 Company Law Nov 2024 60/40 Question Paper - Mumbai University | munotes

Questions asked in this paper

• N.B: 1. Please read the Instructions carefully ; 2. Do not disclose your identity or mark any inscriptions, signages etc. anywhere on the answer sheets ; 3. Attempt All Questions ; 4. Use Examples / Citations / Case Laws references, wherever required.

Q. 1 Answer Any Six of the following Questions 12 Marks

1. (a) What is an Associate Company ?
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2. (b) Which companies can accept Public Deposits ?
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3. (c) When can a Company appoint an Alternate Director ?
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4. (d) What is a Fixed Charge ?
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5. (e) When can a Company be wound up by a Tribunal ?
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6. (f) Define an Abridged form of Prospectus
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7. (g) What should be the Quorum for meetings of Board of Directors ?
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8. (h) State Three differences between a Company and a Partnership ?
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9. (i) Which Companies are required to appoint Woman Director ?
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10. (j) What is E.S.G ?
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Q. 2 Answer Any Two of the following Questions 12 Marks

1. (a) Corporate Social Responsibility.
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2. (b) Roles and functions of an Auditor.
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3. (c) Corporate Personality.
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4. (d) Types of Meetings of a Company.
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Q. 3 Answer Any Two of the following Questions 12 Marks

1. (a) The Board of Directors of A.R.C Limited passed a Board Resolution to buy back 15% of its total Paid up Equity Share Capital plus Reserves.
   • (a) Determine whether the Resolution passed by the Board is valid, why, give appropriate reasons ?
   • (b) Which funds can be utilised by the Company to buy back its own shares?
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2. (b) A Company wants to change its Registered office from Mumbai to Chennai. Advice :
   • (a) What is the Procedure ?
   • (b) What should be mentioned in the Registered Office Clause of a Company?
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3. (c) Champak entered into a Contract with P.Q.R Company Ltd. without verifying its Memorandum or Articles of Association. Later it was found that the Contract is Ultra Vires the objects clause of the Company and the Company refused to make the payment. Champak filed a suit against the Company. Determine :
   • (a) Who would succeed in the given case, why ? Give reasons.
   • (b) Which Doctrine of Company Law is involved in the given matter?
   • (c) Mention the relevant Case Law on the subject.
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4. (d) L.M.N Company Ltd. is incorporated on 10th January, 2022. The Board of Directors of the Company seeks your advice on the following :
   • (a) What is the Time Limit of holding First and Subsequent Annual General Meetings ?
   • (b) What shall be consequences of not holding the Annual General Meetings within the Due Dates ?
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Q. 4 Answer Any Two of the following Questions 24 Marks

1. (a) "A proper balance of the rights of majority and minority shareholders is essential for the smooth functioning of a Company". Discuss citing appropriate provisions of the Law and important case judgements on the matter.
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2. (b) Explain the various provisions related to the qualifications, disqualifications, roles, duties, and powers of the Director of a Company.
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3. (c) State the Golden Rule of framing Prospectus. What are the various remedies available for Misrepresentation in Prospectus ?
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4. (d) Define and discuss the important features of the various types of Companies as are mentioned under the Indian Company Laws.
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