Total No. of Questions 10] [Total No. of Pages 1
LL.M. DEGREE EXAMINATION, MAY 2017
First Year
CORPORATE SECURITIES LAW
General Principles of Company Law I
Time 3 Hours Maximum Marks :70
Answer any Five questions.
All questions carry equal marks.
Q1) Discuss the advantages and disadvantages of Incorporation.
Q2) What are the main Charters of a Company? State the steps required to be taken
for incorporation of a Company.
Q3) What is a Prospectus? Discuss the liability of a Promoter in relation to preincorporation
of a company.
Q4) What is a Give a detailed account on kinds of Shares and the rights
attached to each class of share-holders.
Q5) What is the difference between Transfer and Transmission of Shares? What kind
of restrictions may be imposed on transfer of shares by the Company?
Q6) Differentiate between Memorandum of Association and Article of Association.
State the exceptions to Indoor Management.
Q7) Discuss the various circumstances under which the Object Clause of
Memorandum of Association may be changed.
Q8) Write the procedure for transfer of shares and rectification of Register of Shares.
Q9) "A Company is different from its Members"? Explain this statement.
Q10) Answer any TWO of the following:
Name and Liability clause.
Public and Private Company.
Contents of prospectus.
Nature of a Share