LL.B. (Three Years) Sem 3 Company Law Dec 2025 75/25 Question Paper - Mumbai University | munotes

Questions asked in this paper

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

Q.1. Answer the following questions in one or two sentences (any six) 12 Marks

1. (a) What is a prospectus?
   Read the model answer
2. (b) Who is a alternate director?
   Read the model answer
3. (c) What is the time limit for holding the first AGM of a company?
   Read the model answer
4. (d) What is the rule in Foss v. Harbottle?
   Read the model answer
5. (e) State any three powers of a company director.
   Read the model answer
6. (f) What is a dormant company?
   Read the model answer
7. (g) Who is a contributory in winding up?
   Read the model answer
8. (h) What is Corporate Veil?
   Read the model answer
9. (i) What is the time limit for filing Annual Return?
   Read the model answer
10. (j) Define Insider Trading.
    Read the model answer

Q.2. Write short notes on (ANY TWO) 12 Marks

1. (a) Pre-incorporation contracts
   Read the model answer
2. (b) Buy-back of shares
   Read the model answer
3. (c) Statutory Meeting
   Read the model answer
4. (d) Doctrine of Ultra Vires
   Read the model answer

Q.3. Answer the following questions by giving reasons (ANY TWO) 12 Marks

1. (A) Ravi is a shareholder of Bright Star Ltd. He applied for inspection of minutes of general meetings, but the company secretary refused, stating it is confidential.
   • (a) Is Ravi entitled to inspect the minutes?
   • (b) State the remedies available to him.
   Read the model answer
2. (B) A company has only two shareholders. One of them dies, leaving the other as sole member.
   • (a) Can the company continue to exist?
   • (b) What remedy is available in such a case?
   Read the model answer
3. (C) A public company was incorporated on 1st April 2025 and obtained its certificate to commence business on 15th April 2025.
   • (a) Is it required to hold a statutory meeting?
   • (b) When should it hold its first AGM?
   Read the model answer
4. (D) Mr. Shah, a promoter of Star Industries Ltd., entered into a contract on behalf of the company before its incorporation. After incorporation, the company refuses to ratify the contract.
   • (a) Can the company be held liable?
   • (b) Is the promoter personally liable?
   Read the model answer

Q.4. Long Questions (ANY THREE) 39 Marks

1. (1) Explain the Doctrine of Lifting of Corporate Veil with judicial decisions.
   Read the model answer
2. (2) Define and explain Articles of Association and Memorandum of Association. Discuss their role in defining the relationship between the company and its member?
   Read the model answer
3. (3) Explain the provisions relating to appointment and removal of directors.
   Read the model answer
4. (4) State the contents of a Prospectus. What are the liabilities for misstatements?
   Read the model answer
5. (5) What are the different modes of winding up of a company?
   Read the model answer

Read from the scan above, so a character or two may differ. The scan is the original.