LL.B. III (Semester Examination, 2017
COMPANY LAW
Day Date: Saturday, 13-05-2017 Max. Marks: 50
Time: 10.30 AM to 12.30 PM
N.B. All Questions are compulsory.
Figure to the right indicates full marks.
Q.1 Multiple choice questions: 05
The outstanding feature of a company is its corporate
existence.
Individual Independent
Joint Combined
The certificate of brings the company into existence as
a legal person.
Commencement of Business Incorporation
Establishment None of the above
As per section 254 the directors of a company are to
the appointed by the subscribers of the memorandum.
Fifth Fourth Third First
The clause of the memorandum must specify the state
in which the registered office of the company is to the
situated.
First Second Third Fourth
In the Doctrine of ultra-virus, the word ultra means beyond,
and virus means
Rights Duties Powers Liabilities
Q.1 Fill in the Blanks: 05
Doctrine of Management is opposed to that of the
Rule of constructive notice.
Any advertisement offering to the public shares or
debentures of the company for sale is a
A is a person who brings about the incorporation and
organization of a corporation.
An allottee of shares is entitled to have from the company a
document, called certificate.
A company may change its name by passing a
resolution and with the approval of the central government
signified in writing.
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Q.2 Explain the legal position of promoters and state his duties and
liabilities.
10
Q.3 Write a note on Memorandum of Association with special reference
to object clause of the company along with relevant case laws.
10
OR
Discuss various modes of appointment of Directors and state his
qualifications for Directorship.
Q.4 Answer in short any Two: 04
Certificate of commencement of business
Kinds of Shares
Calls on Shares
Doctrine of Constructive Notice 04
Q.5 Write short note any three: 12
Article of Association
Corporate personality
Prospectus
Transfer and Transmission of Shares