LL.B. (Three Years) Sem 3 Company Law Apr 2026 60/40 Question Paper - Mumbai University | munotes

Questions asked in this paper

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

Q1. Answer the following in one or two sentences (Any 6) 12 Marks

1. (a) What is the legal principle contained in Salomon v. Salomon & Co. Ltd?
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2. (b) What is the time limit for holding the first AGM of a company?
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3. (c) Who is Alternate Director?
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4. (d) Define "Debenture"?
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5. (e) What is "Director Identification Number"?
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6. (f) What is "Red-herring" prospectus?
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7. (g) Name any three disqualifications of a director.
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8. (h) What is CSR?
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9. (i) What is the certificate of incorporation?
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10. (j) What is special resolution?
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Q2. Write Short Notes on (Any 2) 12 Marks

1. (a) Foss v. Harbottle
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2. (b) Annual General Meeting
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3. (c) Doctrine of Constructive Notice
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4. (d) Investigating power of the Inspectors under Companies Act, 2013
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Q3. Answer the following questions by giving reason (Any 2) 12 Marks

1. (a) A public company has been incorporated on 23rd January, 2025. It acquires its Certificate to commence business on 1st February, 2025. Answer the following with reasons:-
   • (a) Is it required to hold Statutory Meeting and when it can hold it?
   • (b) When can it hold its subsequent Annual General Meeting?
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2. (b) In the meeting of "LMN co LTD" proper quorum was present at the beginning. However, few members left at the mid of the meeting when it proceeds to business.
   • (a) Does the departure of members invalidate the meeting?
   • (b) What is "Quorum" what should be quorum for the meeting of public and private Company?
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3. (c) It was mentioned in Companies Prospectus that Company makes a provision for purchase of foreign machinery which will reduce the production cost and considerable increase in profit of Company is expected. Believing on Prospectus many person invests in Company. But, during year fails to purchase machinery. A press reporter file suit against directors who signs the Prospectus.
   • (a) Can Press Reporter do so? Why?
   • (b) In the above case are the Directors personally liable for Misrepresentation in Prospectus? Why?
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4. (d) 'Godavari' Transport Co. created floating charge on the Debentures issued by the Company.
   • (a) Under what circumstances Floating Charge become Fixed Charge?
   • (b) What remedies are available to the debenture holder, if the Company make default in the payment of the Principal or Interest?
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Q4. Answer the following questions (Any 2) 24 Marks

1. (1) What is winding up of a company? What are the grounds under Companies Act, 2013? Which Tribunal may order winding up of a company?
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2. (2) Explain Memorandum and Articles of Association alongwith Doctrine of Ultra Vires and Doctrine of Indoor Management?
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3. (3) Explain types of Directors? What are the qualification and disqualification of Directors?
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4. (4) State the golden rule of framing Prospectus. What are the remedies available for misrepresentation in Prospectus.
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Read from the scan above, so a character or two may differ. The scan is the original.