LL.B. (Three Years) Sem 3 Company Law Apr 2026 75/25 Question Paper - Mumbai University | munotes

Questions asked in this paper

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

Q1. Answer Any Six of the Following 12 Marks

1. (a) Define 'Company'
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2. (b) What is red herring prospectus?
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3. (c) What are bonus shares?
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4. (d) National Company Law Tribunal
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5. (e) DIN and its importance
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6. (f) State the difference if any between authorised share capital, issued share capital and paid-up share capital
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7. (g) What is the significance of the Board meeting?
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8. (h) Securities Premium Account.
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Q2. Answer Any Two of the Following 12 Marks

1. (a) Who is a promoter? Explain his rights and duties.
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2. (b) Write a note on doctrine of ultra vires.
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3. (c) Briefly explain the requisites of a valid meeting
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4. (d) Write a note on investor education and protection fund.
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Q3. Answer Any Two of the Following 12 Marks

1. (a) A shareholder who holds 99% of the share capital of a company, can he be held responsible for the acts of the company? Give advice.
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2. (b) Four Board Meetings were held during July to December in calendar year 2023. Thunder, a director, attended none of them. For first three meetings he sought leave of absence from the Board but did not inform the Board regarding last meeting as he was hospitalised. In the light of provisions of Companies Act, 2013 examine if he is disqualified to act as a director or otherwise.
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3. (c) Raviraj is director in nine public limited companies, one dormant public limited company and ten private limited companies. He has vast experience in business management and is invited by Strong Ltd. to join as director. Discuss the relevant provisions of the Companies Act, 2013 and advise Raviraj.
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4. (d) Examine the validity of the following
   • (a) Rachna, is appointed as independent director on the Board of Fatafat Motors Limited, a listed company, by passing an ordinary resolution in the annual general meeting.
   • (b) Suvarna, nominee director appointed by BICCI Bank Ltd. is removed from directorship at the annual general meeting of Reliable Capacitors Limited, a listed company, by passing an ordinary resolution.
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Q4. Answer Any Three of the Following 39 Marks

1. (a) Define Company and explain its types.
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2. (b) Different types of directors and the procedure for their appointment and removal.
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3. (c) What are the powers and duties of NCLT with respect to reconstruction and amalgamation a company?
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4. (d) Explain the fundamental clauses of memorandum of association.
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5. (e) What is prospectus? State the consequences of misrepresentation in the prospectus.
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