LL.B. (Semester (CGPA) Examination Mar/Apr-2018
COMPANY LAW
Time: 2½ Hours
Max. Marks: 70
Instructions: All questions are compulsory. Figures to the right indicate full marks.
Q.1
Multiple choice questions:
14
The of the company may be said to be an advertisement through which the company invites public to purchase its shares or debentures.
Memorandum
Article
Prospectus
None of these
A by company may be defined as a demand for payment of the balance amount or part thereof which has remained unpaid on each share.
Calls on share
Surrender of share
Forfeiture of share
None of these
of shares takes place by operation of law when a shareholder dies or is adjudged insolvent or if the shareholder being a company goes into inquidation.
Transfer share
Transmission of share
Lien on share
None of these
The word debenture is derived from the term 'debere'.
English
Latin
French
None of these
is a document given by a company as an evidence of a debt to the holder usually arising out of a loan and most commonly secured by charge.
Share
Debenture
Brokerage
None of these
All general meetings of a company other than the statutory and the annual general meeting are called
Extra ordinary general meeting
Class meetings
Debenture holders meeting
Any other
The word denotes a brief summary of the proceeding of a meeting.
Agenda
Resolution
Minutes
Any other
can be appointed as an Inspector for Investigation in to the affairs of a company under section 210 of the companies Act 2013.
A firm
Body corporate
Other association
None of these
of a company takes place when two or more companies are joined to form a third entity or one is absorbed or blended with another.
Amalgamation
Winding up
Both a and b
None of these
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SLR- HF-72
10) The principle that the will of the majority should prevail over the will of the minority in matters of internal administration of the company is known as the rule in
Foss v. Harbottle
Royal British Bank v. Turquand
Daniels v. Daniels
None of these
11) Under circumstances company may be wound up by the tribunal under section 271 of the companies Act 2013.
Inability to pay debts
Special resolution passed by company
On application made by Registrar
All of these
12) The minimum number of a person's required to form a public company is
Seven
Two
Five
Any other
13) Before company is formed, there must be some persons who have intention to form it and takes necessary steps to bring it into existence; such persons are called of the company.
Directors of the company
Promoters
Creditors
Any other
14) Document of the company may be called as a charter or constitution of the company.
Memorandum of Association
Article of Association
Prospectus
Share certificate
Q.2
Write a note on memorandum of Association in detail.
14
Q.3
Define share. Write a note on general principles regarding allotment of shares with statutory restrictions and procedure for transfer of shares.
14
OR
Write a detail note on Appointment, Removal, Powers and Duties of Directors of the company.
14
Q.4

Solve any Two:
08
Right and liabilities of Promoter
Requisites of valid meeting
Powers of Inspector appointed to investigate the affairs of the company

Doctrine of constructive notice and Indoor Management.
06
Q.5
Write short note on Any seven:
14
Definition of Prospectus Contents
Lien on shares
Dividend
Corporate Social Responsibility
The rule in Foss v. Harbottle
Prevention of mismanagement
Duties of Company Liquidator
Winding up by Tribunal
Forfeiture of Share
Difference between share and debenture