B.A. LL.B. (Semester IX) (CGPA) Examination Nov/Dec-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 persons who initiate the process of formation of a company are called
Directors
Promoters
Auditors
Share holders
Where a company intends to issue a public appeal for subscription of its shares or debentures, it is essential for it to issue a
Prospectus
Audit
Account
None of these
a right to participate in the profits made by a company while it is going on concern and declares dividends and in the assets of the company in the event of its being wound up.
Share
Debenture
Both a and b
None of these
the portion of the profit earned by a company which is distributed among its shareholders at a pre-determined rate or otherwise.
Interest
Dividend
Both a and b
None of these
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 a charge.
Share
Debenture
Deposit
None of these
Which one of the following is a requisite of a valid meeting, it must be
Z
Properly convened
Properly constituted
Properly conducted
All of these
a brief summary of the proceedings of a meeting.
Quorum
Resolution
Minutes
Any other
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
Royal British Bank V. Tarquand
Foss V. Harbottle
Rylands V. Fletcher
None of these
is a process by which the assets of the company are collected and realized, its liabilities are discharged and the net surplus, if any, is distributed in accordance with the Company's Articles of Association.
Amalgamation
Reconstruction
Winding up
None of these
Page 2 of 2
SLR-HJ-74
10) a company are the internal regulations which govern the management of the internal affairs of a company.
Memorandum
Article
Prospectus
Any other
11) Which one of the following is the disadvantage of Incorporation?
Limited Liability
Perpetual Succession
Separate Property
Lifting of the Corporate Veil
12) The articles and memorandum when registered, become a public document, therefore, any one whether a member or outsider, who has dealing with the company, shall be deemed to have notice of the contents of these documents, This is known as
Doctrine of constructive notice
Indoor Management
Both a and b
Any other
13) a demand for payment of the balance amount or part there of which has remained unpaid on each share.
Brokerage
Interest
Call
Dividend
14) is a security given for securing loans or debentures by a mortgage on the assets of a company.
Charge
Call
Interest
Any other
Q.2
Answer any four out of the following:
16
Define Promoter. Rights Liabilities of promoters
Powers and duties of Auditor
Amalgamation of Companies
Prospectus and its contents
Distinction between Memorandum and Articles of Association
Advantages of Incorporation
Q.3
Answer any two out of the following questions:
12
Constructive Notice and Indoor Management
Meetings of a company Procedure kinds of meeting
Director of company Powers and Duties
Theories of Corporation
Q.4
Answer any one of the following:
14
Write a detail note on winding up of the company.
OR
Discuss in detail the procedure of allotment of share with the restrictions on its allotment methods of making call.
Q.5
Write a detail note on Memorandum of Association of a Company.
14