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    Corporate Law (23rd May, 2023)

    Uploaded by

    Tanay shukla

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Corporate Law (23rd May, 2023)

    Uploaded by

    Tanay shukla
    6 views6 pages

    Original Title

    corporate law ( 23rd May, 2023)

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    © © All Rights Reserved

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    Copyright:

    © All Rights Reserved
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    6 views6 pages

    Corporate Law (23rd May, 2023)

    Uploaded by

    Tanay shukla

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 6

    [This question paper contains 12 printed pages.

    ]
    Your Roll No.....

    Sr. No. of Question Paper: 4036 E

    Unique Paper Code 22411202

    Name of the Paper : Corporate Laws

    Name of the Course : B.Com. (Hons.) - CBCS

    Semester : II

    Duration : 3 Hours Maximum Marks : 75

    Instructions for Candidates


    1. Write your Roll No. on the top immediately on receipt
    of this question paper.
    2. All questions carry equal marks
    3. Answers may be written either in English or Hindi:
    but the same medium should be used throughout the
    paper.

    2.

    3.

    P.T.O.
    4036 2

    1. (a) What is Corporate Veil? When can it be lifted by


    the courts?

    (b) The numbers of members of acompany registered


    as a public company is reduced to 5. Explain the
    consequences and remedy if any in this regard.

    (c) Define a producer company. Explain the provisions


    regarding object clause of a producer company.
    (5 marks each)

    OR

    (a) The directors of ABC Pvt. Ltd want to convert


    their company into a public limited company.
    Advice them about the procedure involved for this
    under the Companies Act, 2013.

    (b) "The expression Promoter' has never been clearly


    defined either judicially or legislatively despite the
    fact that it is frequently used both in decisions
    and statutes". Comment on legal position of
    Promoter with a company.

    (c) Explain the steps for online registration of a


    (5 marks each)
    company.
    4036 3

    (a) A company's object clause in the Memorandum


    of Association is of fundamental importance not
    only to its members but also to the non-members.
    Elaborate.

    (b) "A Prospectus must state truth and nothing but


    truth". Do you agree? Explain.

    (c) Discuss the rule laid down in Royal British Bank


    vs. Turquand. Are there any exceptions to this
    rule? (5 marks each)

    OR

    misleading
    (a) PQR Ltd. issued a prospectus with
    knowledge
    contents in it. M, an investor had the
    not subscribe
    of the misleading contents so he did
    he purchased
    for the shares. However later on
    to whom the
    some of the shares from his friend
    company.
    shares had been originally allotted by the
    company
    M then claimed compensation from the
    contained the
    on the ground that the prospectus
    misleading content. Can he succeed? Explain with
    rcasons.

    P.T.0.
    4036 4

    (b) The articles of a company


    provided that in the
    event of a shareholder becoming bankrupt, his
    shares would be offered for sale to other
    shareholders at a price fixed by the company. Is
    the provision binding on the shareholders?

    (c) One man Company is a perfectly valid company".


    Comment. (5 marks each)

    3. (a) What statutory provisions must be compliedwith


    before a valid allotment of shares can be made?

    (b) What is a dormant company? What conditions are


    to be satisfied by the company to apply for this
    status?

    (c) Differentiate between right shares and


    bonus
    (5 marks each)
    shares.

    OR

    (a) Can a 'minor' and a 'partnership firm' become


    members of a Company'?

    (D) What are the provisions of law as to "Empy


    Stock Option Scheme'?
    4036 5

    (c) Explain legal position of directors of a company.


    (5 marks each)

    4. (a) Explain about the provisions under the Companies


    Act, 2013 regardingthe application and allotment
    of DIN,

    (b) What is an Extraordinary General Meeting


    (EGM)'? Can it be convened by the directors suo
    motu? Is it possible for a company to adjourn
    EGM on the ground that the quorum was not
    present at the scheduled time?

    (c) Write a note on participation in a board meeting


    through video conferencing. What are the matters
    that cannot be dealt with a meeting through video
    conferencing? (5 marks each)

    OR

    (a) Write anote on 'Postal Ballot'.

    (b) What are the statutory powers of directors?


    Explain the powers which the board of directors
    cannot exercise without a unanimous consent.

    (c) Can a director be removed by the tribunal before


    the expiry of his term? (5 marks each)

    P.T.0.
    6
    4036 4|
    being appointed
    5. (a) What will disqualify a person from
    as an auditor of a company?

    Discuss the grounds and process for thevoluntary


    (b)
    liquidation of a corporate entity as per the
    insolvency and bankruptcy code, 2016.
    salient features
    (c) Define a Depository. What are the
    of the Depository system? (5 marks each)

    OR

    dividend to its
    (a) A company is required to pay
    shareholders within 30 days of its declaration.
    State the circumstances when a company will not
    even it
    be deemed to have committed any offense
    does not pay dividend within 30 days.

    (b) A company's trade has been suspended


    temporarily owing to the trade depression but it
    has bonafide intention to continue its operations
    as
    when conditions improve. Can it be considered
    for the
    just and equitable ground by the tribunal
    winding up of the company? Decide.
    dematerialisation of
    (c) Explain the process of
    (5 marks cach)
    securities.

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