M.B.A. DEGREE EXAMINATION, APRIL 2017
Second Semester
COMPANY LAW AND PRACTICE I
(CBCS 2014 onwards)
Time 3 Hours Maximum 75 Marks
Part A x 3 15)
Answer all questions.
All questions carry equal marks.
1. What is a foreign company?
2. What is a 'statement in lieu of prospectus'?
3. Distinguish between stock and share.
4. What is Director Identification Number
5. What is a
Part B x 10 50)
Answer all questions choosing either or
All questions carry equal marks.
6. Explain the documents that should accompany the
application for incorporation or registration of a
company.
Or
What is the legal position of a promoter and what is
promoter's liability?
Sub. Code
622205
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Wk 10
7. What are the limitations regarding alteration of
articles?
Or
Explain the contents of memorandum of association.
8. What are the guidelines for bonus issues?
Or
What is the procedure for transfer of share in
depository mode?
9. Describe the provisions of the Companies Act, 1956,
relating to vacation of office by Directors.
Or
Discuss the principles of corporate governance.
10. What are the requisites of a valid meeting?
Or
Discuss the requirements of 'Minutes' as per
sections 193 and 196 of the Companies Act, 1956.
Part C x 10 10)
Compulsory.
11. Read the following case and answer the questions.
The chairman and managing director of Progressive
Ltd. resigned on 6th May, 2009 as such, but the
company filed Form No.32 with the Registrar of
Companies stating the date of resignation as 15th
March, 2010. The company issued various cheques
to its investors in repayment of their deposits after
RW-022
3
Wk 10
6th May, 2009 which got bounced. The investors
filed a complaint against the former chairman and
managing director. The articles of association of the
company provided that the resignation would be
effective from the date it was tendered. Will the
chairman and managing director be liable in the
instant case?
There are seven shareholders in a private limited
company having registered office in Chennai. Six
shareholders are French nationals and belong to the
same family holding an aggregate of 95% voting
rights These shareholders are unable to come down
to Chennai and wish to hold the company's annual
general meeting in Paris, France. Advise whether
the meeting can be held in Paris.
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