LLM Group 2 Business Law Corporate Law Solved Question Papers with Answers 2015 to 2026 - Mumbai University | munotes

Corporate Law is Paper III of LLM Group II, Business Law, subject code 26914, and the first thing to settle is how many papers this folder actually holds. Ten files hold eleven distinct printed papers, and two of them are not what the file name suggests. The 2018 file is two complete and different hundred mark papers, Q.P. Code 21995 on page one and Q.P. Code 21996 on page two, each with its own N.B. block. The 2019 file is three pages holding two papers, printer's form 77205 with its Marathi on page two, and Q.P. Code 21997 complete on page three. And the file named 2022 is the same scan as the file named 2019, page for page identical, so one paper set has been filed under two academic years; the two PDFs have different checksums, so only a page by page comparison shows it.

Two subjects are set in every one of the eleven papers. Winding up and dissolution draws twelve questions across the folder, and shares and share capital, taken with allotment, transfer, transmission and dematerialisation, draws fifteen. After those come the kinds of companies and incorporation in nine papers with thirteen questions, directors in nine with twelve, auditors and accounts in nine with ten, and the prospectus and oppression and mismanagement in eight each. Meetings appear in only four papers and corporate social responsibility in only two, both of those being the 2025-2026 papers.

That produces the most useful fact in this note, and it was computed by testing every combination of topics against every paper rather than estimated. No set of four topics covers the four questions you must answer on all eleven papers. Exactly five will, and the most economical set is winding up and dissolution, shares and share capital, directors, the kinds of companies with incorporation, and the prospectus. Prepare those five properly and you can write four answers on any paper in this folder.

The shape has barely moved in eleven years: three hours, one hundred marks, attempt any four questions, all questions carry equal marks. Every question is therefore worth twenty five marks and you have about forty five minutes for each. No paper in this folder prints twenty five against a question, which unsettles students who expect to see it; the figure is the paper's own arithmetic. The papers up to 2019 set six or seven questions and every paper from 2023 sets seven.

This examiner reuses whole questions word for word across years, which is worth more to a candidate than any other observation here. The question on dematerialisation of securities and the manner in which securities may be transferred and transmitted is set in identical words in four separate papers, Q.P. Codes 27175, 60974 and 21996 and form 77205. The question on the scope and importance of corporate finance and the administrative control on it is set in identical words in three. The notes question with the same five items, protection and rights of investors and creditors, legal regulations of multinationals, functions of auditors and audit of accounts, majority powers and minority rights, and kinds of companies, appears in three. And the two 2018 papers share their opening question almost word for word.

The folder breaks in two at 2023 and you should read the newer papers first. The papers up to 2019 are written in the idiom of the Companies Act, 1956: they ask about the statement in lieu of prospectus, which has no counterpart at all in the Act of 2013, and about administrative control by the Company Law Board, which was dissolved on 1 June 2016 when the National Company Law Tribunal was constituted. An answer that describes either as live law is answering under a repealed statute, and saying so is worth marks rather than costing them. From 2023 the papers name the Tribunal, the Insolvency and Bankruptcy Code and the Securities and Exchange Board of India Act, 1992 directly, and the 2025-2026 papers ask about corporate social responsibility, the Serious Fraud Investigation Office and the theories of corporate personality, none of which appears anywhere earlier.

Three printing faults are worth knowing so that you do not think you have misread. Q.P. Code 21995 of 2018 sets the same item twice, as functions of auditors and audit of accounts in its notes question and again in its last question, so a candidate who wrote it once cannot write it again. The 2015 paper prints the numeral of its fourth question twice. And the 2023-2024 file is a CamScanner copy of an allowed to keep terms paper sat on 28 April 2025 whose header has been printed twice, one impression slightly offset from the other, so the time and marks line reads doubled; it carries no Q.P. Code and no form number 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.