I.D. END TERM EXAMINATION, NOVEMBER 2017 B.A.LL.B. (HONS.) SEMESTER-V Corporate Law-I Max. Marks: 60 Time Allowed: 3:00 Hrs. Note: Answer five questions including Question No. 1 which is compulsory. The number of marks carried by each question is indicated at the end of the question.

1. Answer the following (each answer should be in approximately 100 words) (Marks a. Certificate of incorporation. b. Pre- incorporation contract. c. Doctrine of Ultra-Virus. d. Golden rule of framing of prospectus. e. Pre-emptive issue. f. Meaning of Allotment of shares. g. Transmission of shares. h. Quorum i. Reissue of forfeited shares j. Debenture Trust deed.

2. Define a private company. State the special privileges and exemptions enjoyed by a private company. Also state the procedure of conversion of private company into public company. (Marks

3. Explain the rule laid down in the case of Royal British Bank v. Turquand and state the exceptions to the rule with case laws. (Marks

4. What is prospectus? Mention cases in which prospectus is not required to be issued by a public company. (Marks

5. What is meaning of preference share capital of a company? Explain briefly the various kinds of preference share a company is allowed to issues under the provisions of the Companies Act, 2013. (Marks

6. What is dividend? Explain the provisions of the Companies Act, 2013 relating to unpaid and unclaimed dividend and its payment. (Marks

7. "Every meeting in order to be valid must be duly convened, legally constituted and properly conducted". In the light of above, discuss the requisites of a valid meeting with case laws. (Marks 10)