LLM Group 2 Business Law Corporate Law 2022 Question Paper - Mumbai University | munotes

Questions asked in this paper

• N.B: Please check whether you have got the right question paper. 1. Attempt any four questions. 2. Figures to the right indicate full marks. 3. Cite relevant case laws where necessary.

SECTION I - Form 77205. Attempt any four questions, all questions carry equal marks (any four of seven) 100 Marks

1. 1. Discuss the role of managerial personnel for managing administrative affairs of the Company. State the rights duties, liabilities, and disabilities of Board of Directors. Discuss the legal mechanisms for conducting meetings.
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2. 2. Briefly discuss the types of shares and share capital. Discuss the rights of shareholders. State the objectives of memorandum of association and critically write on the doctrine of constructive notice
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3. 3. Discuss the scope and importance of corporate finance. Enhance the administrative control on corporate finance by Security Exchange Board of India, Central Government, Registrar of Companies and Company law board.
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4. 4. Discuss the provisions under the Companies Act for dematerialization of securities. State the manner in which securities can be transferred and transmitted.
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5. 5. Write notes on any two of the following -
   • a. Lifting of Corporate Veil
   • b. Legal regulations of Multinationals.
   • c. Functions of Auditors and audit of accounts.
   • d. Majority powers and minority rights.
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6. 6. Who is a Director in a Company? Briefly discuss the legal position of a Director. Discuss the manner in which the Directors are appointed and removed from a Company.
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7. 7. Discuss the various modes under the Indian Companies Act for dissolution and winding up of Companies. State the effect on winding up of companies.
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SECTION II - Q.P. Code 21997. Attempt any four questions, all questions carry equal marks (any four of six) 100 Marks

1. Q.1. (A). Briefly state the need for lifting of corporate veil. Discuss the characteristics of a company on its incorporation.
   • (B). Discuss the procedure for registration and incorporation of Company
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2. Q.2. Discuss the following-
   • a). Transfer, Transmission and Dematerialisation of Securities.
   • b). Rights Duties and Liabilities of Shareholders and Members.
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3. Q.3. Elaborately discuss the need and scope of Corporate Finance. Define Prospectus. Write a note on different types of prospectus.
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4. Q.4. Briefly discuss the provisions under Indian Companies Act for protecting the rights of creditors, investors and shareholders. Also state the provisions for preventing oppression and mismanagement in company.
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5. Q.5. Write notes on any three of the following-
   • a. Rights, Duties and Liabilities of Directors in a Company
   • b. Winding up and dissolution of Companies.
   • c. Appointment, disqualification and Removal of Directors in a Company
   • d. Kinds of Companies.
   • e. Nature, issue and class of debentures.
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6. Q.6. Discuss the following -
   • (i) Role of Security Exchange Board of India - (SEBI).
   • (ii) Procedure for registration of prospectus. Liability of promoters in lieu of mis-statement in prospectus.
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