BLS LLB 5 Years Sem 7 Company Law Solved Question Papers with Answers 2017 to 2026 - Mumbai University | munotes

The most useful thing to know about this subject is that its papers keep setting institutions the Companies Act, 2013 abolished, and the newest papers are the worst offenders. The statutory meeting and the statutory report were Section 165 of the Companies Act, 1956 and were never re-enacted, yet the December 2025 paper sets a short note on the statutory meeting and then asks in its situational section whether a company incorporated in 2025 must hold one, and the 2025-26 ATKT paper asks the same thing again. The certificate to commence business went the same way, replaced by a director's declaration under Section 10A, and three papers still use the old expression. The 2024-25 ATKT paper asks what a sick company is, when the Sick Industrial Companies Act was repealed in 2016 and the chapter of the 2013 Act that would have replaced it was omitted and never brought into force. Answer these questions historically: say what the institution was, say which Act contained it, say that it is gone and what replaced it. An answer that describes the statutory meeting as current law is answering a question about repealed law without knowing it.

The same trap runs through winding up, which is set in ten of the thirteen papers. Inability to pay debts is no longer a ground on which a Tribunal may order a company to be wound up: it was removed by the Insolvency and Bankruptcy Code in November 2016, along with the reduction of members below the statutory minimum, and the voluntary winding up provisions of the Companies Act, Sections 304 to 323, were omitted at the same time. Five of these papers ask for the grounds under Section 271, and the list is five: the company's own special resolution, acting against the interests of the State, fraud or misconduct found on the Registrar's application, default in filing financial statements or annual returns for five consecutive years, and the just and equitable ground. Not one of them is about money. A creditor who is not paid now applies for a corporate insolvency resolution process under the Code, and a solvent company that wants to end its life goes to Section 59 of the Code. Any textbook printed before 2017 gets this wrong.

There is a whole component of the older papers that a student preparing from recent sittings will never meet. The 100 mark papers carry Foreign Exchange Management Act questions in the short answer section: four of them in 2017-18, three in 2018-19, one in 2019-20, on the authorised person, foreign security, repatriation, export, and current and capital account transactions. Of the nine papers set from 2022-23 onward, seven carry none at all. If you are sitting a 100 mark paper, or revising from one, FEMA is straightforward marks and the answers are short. If you are sitting a 60 or 75 mark paper it has almost certainly gone.

The situational section recycles, and it recycles across a very long span, so an old paper is not stale for that section. Seven fact patterns account for fourteen of the forty-seven situational questions in this folder. The Godavari Transport floating charge problem and the ABC Co. Ltd quorum problem were both set in 2017-18 and both reappear in the 2025-26 ATKT paper, eight years later. The prospectus misstatement problem and the pre-incorporation contract with AB Brothers were set in 2019-20 and reappear in the 2024-25 ATKT paper. Mr. A and Mr. B incorporating a private limited company, and Mr. Black of the FICO Company bound not to solicit customers, appear in the 2022-23 and 2023-24 ATKT papers word for word. Work every situational question in this folder, not only the recent ones.

Meetings are the one topic set in every single paper here, thirty-four questions across the thirteen, and they are the most mechanical marks on offer because the answers are figures. First annual general meeting within nine months of the close of the first financial year, with no extension. Subsequent ones within six months, and not more than fifteen months between two, the Registrar being able to extend a later one by three months. Twenty-one clear days' notice, or shorter with the consent of ninety-five per cent. Quorum of two members personally present in a private company, and five, fifteen or thirty in a public company according to its membership, with a proxy not counted. Board meetings need seven days' notice, four a year, not more than a hundred and twenty days apart, and a quorum of one-third of the total strength or two directors, whichever is higher. Learn the numbers and a good part of every paper is already answered.

Check the pattern before you revise, because the arithmetic differs and three shapes exist. Up to 2019-20 this was 100 marks in three hours, in sections of 20, 20, 12 and 48, under codes 66904, 37750 and 66804. From 2022-23 it has been 60 marks in two hours, in sections of 12, 12, 12 and 24, under code 66914. From 2025-26 there is also a 75 mark paper in two and a half hours, in sections of 12, 12, 12 and 39, under code 67144. Two papers here are outliers worth knowing about. The 2017-18 scan is two complete 100 mark papers bound into one file, so it carries fifty questions rather than twenty-five. And 2021-22 was an online examination of twenty multiple choice questions at one and a half marks each and ten descriptive questions at three, with no duration printed on it at all.

These are model answers prepared by munotes. They are a study aid and not official University answer keys, which the University of Mumbai does not publish.