LLB 4th Semester Examination - 2016
Company Law
(K-4001)
Section A
Note: Attempt all questions. Each question carries 4 marks
- 1. Define a debenture. What are usual features of debentures?
- 2. What do you mean by 'Sweat Equity Shares'?
- 3. Distinguish between Share Certificate and Share Warrant.
- 4. Distinguish between Public Company and Private Company.
- 5. State powers and duties of Auditor of Company.
Section B
Note: Attempt any two questions. Each question carries 10 marks
- 6. Explain the principle of independent corporate existence with case law.
- 7. State the golden rules which must be observed while framing a prospectus.
- 8. What do you understand by Memorandum of Association? Distinguish between "Memorandum of Association" and "Article of Association".
Section C
Note: Attempt any three questions. Each question carries 20 marks
- 9. Discuss the doctrine of Indoor Management with exceptions.
- 10. What is winding up of a company? Explain the procedure for voluntarily winding up of a company. Also discuss the powers of official liquidator under compulsor winding up.
- 11. Explain the rules of Foss vs. Harbottle. What are its exceptions? Discuss.
- 12. Discuss the different kinds of meeting held by company. What is the importance of Annual General Meeting?
- 13. Distinguish between a member and a shareholder. What is the procedure for issuance and allotment of shares as well as forfeiture of shares? Discuss.