LLB 3 Years Sem 3 Company Law Nov 2016 Question Paper - Mumbai University | munotes

Questions asked in this paper

• (2) Figures to the right indicate full marks

1. Q1 Write Answer in not more than two sentences. 20 marks
   • (a) What is pre-incorporation contract?
   • (b) State any two requisites of valid meeting
   • (d) What is 'Red-herring' prospectus?
   • (e) What is import under foreign Exchange management Act (FEMA) 1999?
   • (f) What is Fixed and floating charge?
   • (g) Who is promoter?
   • (h) What is Lien on shares?
   • (i) What is joint ventures?
   • (j) How can a company after its name alter Clause 2 Write Short notes on any four of the following :- 20
   • (a) Rights of Members
   • (b) Equity shares
   • (d) Doctrine of Indoor Management
   • (e) Debenture
2. Q3 Solve any two of the following
   • (a) 'XYZ' Public Limited Company has given advertisement in News paper 12 stations shares are still available for sale," according to terms of the prospectus of the company, which can be obtained on application
   • (i) What is prospectus? With such advertisement could be held as prospectus? Why?
   • (b) Atan Annual General Meeting of a company the matter is for an appointment of Director :
   • (i) When a Board of Directors can appoint Director under
   • (ii) When the retiring Directors shall be deemed to have been re
   • (c) Company 'A' lent money to company on a mortgage of its assets The procedure laid down in the Articles for such transactions were not
   • (i) Is the Mortgage binding between company 'A' and 'B'
   • (ii) Will the exceptions to the doctrine of Indoor Management apply in this case?
3. Q4 Answer any four of the following Define 'Company' and discuss the advantages of incorporation with reference to case laws? 48 marks
   • (b) Discuss the doctrine of 'Ultra-vires'with special reference to Ashbury railway carriage and Iron co. Ltd. Vs. Riche
   • (c) Explain the circumstances under which the court can lift the corporation Veil of the company?
   • (d) be shareholder? What are the rights and duties of shareholders? Discuss the provisions regarding. Appointment and Qualification of
   • (f) What is prospectus? What are the remedies available for mis -statement in lieu of prospectus?
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   • (3) se (ii)
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