LLM Group 2 Business Law Corporate Law 2023 Question Paper - Mumbai University | munotes

Questions asked in this paper

SECTION I - Form 39556. Answer any four Questions, all questions carry equal marks (any four of seven) 100 Marks

1. 1. Explain in detail different types of Companies that can be formed under Companies Act. "The liability of the members of a limited company can never be unlimited" Discuss
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2. 2. Define the term "Prospectus" and state its various types? Who can file a Shelf prospectus? State the provisions of Companies Act under which such prospectus is required to be filed with the Registrar of Companies.
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3. 3. Explain in detail the process of allotment of shares. When is an allotment of shares treated as an irregular allotment? Briefly state the effects of an irregular allotment.
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4. 4. Distinguish between Winding-up and Insolvency. Explain various modes of winding-up. Who can present the petition for winding-up?
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5. 5. Discuss the various powers and functions of SEBI under the SEBI Act 1992. Discuss the composition and initiatives taken by the SEBI for the development and regulation of the securities market.
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6. 6. What is meant by Oppression? State whether the aggrieved party would succeed in obtaining relief from Tribunal on the ground of Oppression in the following cases:
   • (i) When majority of the Board of directors override the minority directors
   • (ii) A petition by majority shareholders complaining Oppression by minority shareholders.
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7. 7. Write Short notes on any two :
   • (i) Rights of Share Holders and Members
   • (ii) Process of Registration of Company
   • (iii) Discuss Merger vs. Takeover
   • (iv) Auditors and Audit of Accounts
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