LL.B. (Three Years) Sem 3 Company Law Apr 2025 60/40 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.

Q. 1. Answer the following in not more than two sentences (Any Six) 12 Marks

1. (a) What is the certificate of incorporation?
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2. (b) What is a sick company?
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3. (c) Concept of 'Foreign Company' under companies Act, 2013.
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4. (d) Define prospectus.
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5. (e) What is a special resolution?
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6. (f) When is an Internal Auditor required to be appointed in a private company?
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7. (g) What is Amalgamation?
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8. (h) Who can file a winding up petition?
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9. (i) Quorum for shareholders meetings.
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10. (j) What is Deposit?
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Q. 2. Write short notes on (Any two) 12 Marks

1. (a) Difference between doctrine of Indoor Management and doctrine of Constructive Notice
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2. (b) Difference between public and private company
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3. (c) Shelf Prospectus
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4. (d) Debentures and it's types
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Q. 3. Answer the following by giving reason (Any Two) 12 Marks

1. (a) ABC is a private limited company whose paid up capital is Rs. 60 crores and deposits are RS 30 crores.
   • (a) Explain whether Internal Auditors are required?
   • (b) Whether rotation of statutory auditors will be applicable to ABC private limited company?
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2. (b) The Managing Director of Finex Co. Ltd refused to retire in accordance with the articles of the company and wrongly continued the office. 'A' a shareholder brought legal action against the company?
   • (a) Is the action maintainable?
   • (b) On what ground can 'A' Seek relief?
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3. (c) The directors of a company issued a prospectus stating some false representations. Relying on this statement "X" invested money. The company suffered loss and became insolvent.
   • (a) What is the remedy available to "X"?
   • (b) What is the liability of the company and its directors?
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4. (d) 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 a pre-incorporation contract?
   • (b) What is the liability of promoters?
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Q. 4. Answer the following (Any two) 24 Marks

1. (a) Explain the appointment of directors, their duties, and the grounds for disqualification.
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2. (b) Explain different types of meetings of Shareholders and Board of Directors.
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3. (c) Explain the process of winding up a company.
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4. (d) "A company is a legal person and it has an identity separate from the members comprising it" - Elucidate this statement with the help of judicial decisions.
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