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Important Questions for "company law":

[1]

  1. Explain the concept of Share transmission.
  2. What are the article of association? How can they be altered?
  3. Can a member inspect the books of minutes of the Board Meeting? Discuss.

[2]

  1. Explain in brief the 'Doctrine of Indoor Management'.
  2. Discuss the various modes of becoming a member of a company.
  3. Explain the powers and duties of 'Directors'.

[3]

  1. Describe the procedure of issuing shares.
  2. Explain the doctrine of Ultra Vires.
  3. State the powers of the liquidator of a company.

[4]

  1. Define liability of members as per company law.
  2. How is portfolio risk measured?
  3. Explain the concept of government company.

[5]

  1. Who is a promoter? Discuss his legal position in relation to a company which he promotes.
  2. How and in what circumstances can a company reduce, increase or reorganize its share capital?
  3. What is the difference between stock and shares?

[6]

  1. What are the liabilities for mis-statement in a prospectus?
  2. What is meant by winding up of a company by the court?
  3. In what cases does the court ignore the principle that 'a company is a legal entity distinct from its members'?

[7]

  1. What are the Company law provisions relating to issue of shares at discount?
  2. What are the Company law provisions relating to redemption of preference shares? Give the journal entries which are made in the books of a company to give effect to redemption of preference shares.
  3. What do you mean by internal reconstruction of a company? Explain the provisions of Accounting Standard 14 relating to amalgamation of companies.

[8]

  1. What do you understand by Forfeiture of Shares?
  2. What is the meaning and what are the requirements of a Valid Meeting?
  3. Explain the different methods of winding-up of a company in detail.

[9]

  1. Discuss the Doctrine of Indoor Management.
  2. Define company and mention the advantages and disadvantages of incorporation.
  3. What is the Memorandum of Association? What are its contents?

[10]

  1. Differentiate between Company and Corporation.
  2. Differentiate between fixed charge and floating charge.
  3. Define the multinational company and discuss its advantages and disadvantages in country and abroad.

[11]

  1. Role of National Company Law Tribunal and related appointments.
  2. Provision for issuing equity shares with differential rights after rectification of defaults.
  3. Corporate governance aspects including statutory meetings, directorial limits, and company incorporations.

[12]

  1. Define 'financial year' under the Companies Act, 2013.
  2. How is 'Appellate Tribunal' defined in the Companies Act, 2013?
  3. What is the rule for issuing equity shares with differential rights upon rectifying defaults?

[13]

  1. What is the quorum for a valid meeting?
  2. What is Statement in lieu of prospectus?
  3. State about liquidator, his powers and duties.

[14]

  1. State the circumstances under which a company may be wound up.
  2. Discuss the doctrine of Constructive notice.
  3. Discuss the principle of majority and state its exceptions.

[15]

  1. Write a short note on kinds of company meetings.
  2. What do you understand by statement in lieu of prospectus?
  3. How are the Directors removed?

[16]

  1. Discuss the constitution, functions and the power of the Company Law Board. Why is the Board considered as the important agency for the administration of the Company Law in India?
  2. Define Memorandum of Association and state its importance.
  3. Who may be a member of a company?

[17]

  1. What do you mean by Corporate veil?
  2. Discuss the Criminal liability of the company.
  3. Explain the provisions relating to the restriction on the appointment and appointment of Managing Director. Distinguish between Manager and Managing Director.

[18]

  1. What is meant by Redeemable Preferential Share? What restrictions have been imposed on such shares under the Company Law?
  2. Whether a 'Corporate Body' can be appointed as a Director of a Company? Give your answer referring to relevant Section of the Company law.
  3. Describe in detail the composition and power of the National Company Law Tribunal.

[19]

  1. Mention the main powers National Company Law Tribunal.
  2. Explain 'Statement in lieu of prospectus'.
  3. Discuss the statement 'Every shareholder of a Company is a member whereas not every member is a shareholder.'

[20]

  1. What is meant by special resolution?
  2. Explain doctrine of ultra vires.
  3. Discuss winding up of a company by Tribunal.

[21]

  1. Set out the different steps in the formation of a limited liability company from promotion to the commencement of business.
  2. What is the difference between transfer and transmission of Shares? Under what circumstances and how can a company transfer its shares?
  3. What is annual general meeting? What are the legal provisions for holding an annual general meeting? What functions are performed at such meetings?

[22]

  1. What are the provisions about remuneration of directors?
  2. State the difference between prospectus and statement in lieu of prospectus.
  3. What do you understand by winding up of company? Discuss duties and liabilities of liquidator.

[23]

  1. What is the doctrine of Constructive Notice?
  2. Describe the types of Share Capital of a company.
  3. Describe the modes of winding-up of a company.

[24]

  1. Distinguish between Public Company and Private Company.
  2. What do you understand by Memorandum of Association? Distinguish between Memorandum of Association and Article of Association.
  3. 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 compulsory winding up.

[25]

  1. Discuss the doctrine of ultra vires in Company Law with reference to cases decided by Indian Courts.
  2. Explain the statutory requirements for the registration of a company and discuss the advantages and disadvantages of incorporation.
  3. Discuss the rules laid down in the important case of Foss vs. Harbottle.

[26]

  1. Explain how the appointment of the official liquidator is made by the Court under the Company Law. Explain the powers and duties of the official liquidator.
  2. Discuss the powers of directors. Are there any restrictions on their powers?
  3. What is meant by winding-up of a company and what are its various modes?

[27]

  1. What is the difference between a shareholder and a debenture holder? Explain.
  2. Prospectus must state truth and nothing but truth. Do you agree with the statement?
  3. What do you understand by the rule of majority? Discuss the circumstances when this rule is discarded for protective minority of shareholders. Refer to case law.

[28]

  1. What is a holding company?
  2. State the fact and legal principle established in 'Aishbury Railway Carriage and Iron Co. Ltd. Vs. Riche (1875)'.
  3. Distinguish between 'Public and Private Company'.

[29]

  1. Discuss the facts and decision of the Salomon Vs. Salomon and Co. Ltd. case.
  2. Discuss with exceptions the rule propounded in the case of Foss Vs. Harbottle.
  3. In what circumstances is lifting of the corporate veil done?

[30]

  1. What do you mean by Prospectus of the Company?
  2. Discuss about the kinds of Share-capital.
  3. What is the 'Doctrine of Indoor Management'?

[31]

  1. Write a short note on Statutory Company.
  2. What is a Private Company? When does it become a Public Company?
  3. Discuss the remedies available to the oppressed minority against oppression and mismanagement under the Companies Act.

[32]

  1. What is the relation between holding company and subsidiary company?
  2. What is Doctrine of Indoor Management? What are its exceptions?
  3. Discuss the importance of the Object Clause of the Memorandum of Association of a company. Can a company amend this clause? If so, when and how?

[33]

  1. What is company's 'doctrine of indoor management'? Explain.
  2. The doctrine of legal personality as applied to a company has produced astonishing effects and has been applied with few exceptions. Discuss.
  3. Describe the procedure of conversion of a private company into a public company. How does a private company differ from public company?

[34]

  1. Who may be a member of a company?
  2. What is the 'Doctrine of Indoor Management'?
  3. Who are liable for mis-statement in Prospectus? Explain the extent of Civil and Criminal liability for such statement. Or State the circumstances under which the corporate veil of a company is lifted and any separate legal existence of it is ignored.

[35]

  1. Explain the concept of 'Corporate Social Responsibility'.
  2. Discuss the mode and consequences of incorporation.
  3. Define reconstruction and amalgamation. Draw a distinction between the two.

[36]

  1. Define Prospectus. What are the remedies for misrepresentation in prospectus?
  2. Who are Promoters? Explain their position vis-a-vis the company.
  3. What is meant by 'Reconstruction' and 'Amalgamation' in the context of a company? Elucidate.

[37]

  1. Distinguish between 'Share' and 'Debenture'.
  2. Why is 'Certificate of Incorporation' considered important?
  3. Who are promoters? Explain their position vis-a-vis the company.

[38]

  1. What is National Company Law Tribunal?
  2. Differentiate between the functioning of World Bank and IMF.
  3. Give an account of the growth of trade union movement in India. How far it has been successful in protecting labour interests?

[39]

  1. Explain the legal position of a company's Director.
  2. Give the definition of resolution. Describe the different types of resolution which can be passed at a company meeting.
  3. Under what circumstances can a court wind up a company? State the provisions in respect of company winding up.

[40]

  1. What is meant by public company?
  2. Define the term 'promoter'. What are its functions with reference to the company? State the rights of promoter.
  3. What are the powers of directors? What are its duties under the Companies Act? State briefly their liabilities.

[41]

  1. What do you understand by the winding up of a company? Discuss the various methods prescribed under Company Law.
  2. Define a company and discuss its legal management as per the Companies Act.
  3. What is the Article of Association of a company? How does it differ from the Memorandum of Association?

[42]

  1. Define statement in lieu of prospectus.
  2. What are the articles of association? How can they be altered? Discuss the limit upon the power of a company to alter or add the articles of association.
  3. What is meant by "resolution"? Explain the types of resolutions under Indian Companies Act.

[43]

  1. How can a Private company be converted into a Public company?
  2. What is statutory report? When is it required to be submitted? What are its contents?
  3. Explain the provisions of the Indian Companies Act, 1956 for the prevention of oppression and mismanagement in a company.

[44]

  1. Write the meaning of statement in lieu of prospectus.
  2. Write the subject-matter (contents) of Memorandum of Association.
  3. What are the powers given to the Central Government by the Companies Act, 1956 for the prevention of oppression and mismanagement in a company?

[45]

  1. What do you mean by Extraordinary General Meeting?
  2. Distinguish between Transmission of Shares and Transfer of Shares.
  3. A proper balance of the right of the majority and minority shareholders is essential for the smooth function of a company. Discuss.

[46]

  1. Distinguish between Managing Director and Manager of a Company.
  2. What do you mean by prospectus? Describe the contents of prospectus. Briefly explain the golden rules for issuing prospectus.
  3. "Every Shareholder of a company is known as a member, while every member may not be known as shareholder." Comment. Discuss the rights of a member.

[47]

  1. What is the importance of a 'Statutory meeting' of a company? What is a 'Statutory report'? Give its contents.
  2. What are the advantages and disadvantages of mergers and takeovers? When do mergers and takeovers make economic sense?
  3. It is usual though not essential for debentures to create a charge on the company's assets. In light of this statement, discuss the characteristics of fixed and floating charges.

[48]

  1. What is take-over? Discuss the various provisions related to take-over in Company Law.
  2. Discuss the different kinds of shares. Under what circumstances can a company forfeit shares? What remedies are available against forfeiture?
  3. Prospectus is a window through which a company is displayed to the public. Any mischief in such a display leads to civil and criminal consequences for persons responsible for issuing the prospectus. Comment.

[49]

  1. What is take-over? Discuss the various provisions related to take-over in Company Law.
  2. Critically examine the legal position of directors and appropriation of corporate opportunity with the help of relevant case law.
  3. Write a note on the following: Corporate Social Responsibility, Fiduciary Obligation of a Director.

[50]

  1. Prospectus is the only window through which the Potential Investor can look into the soundness of the company's venture. In the light of this statement discuss the remedies available for wrong information mentioned in a Prospectus.
  2. Corporate Social Responsibility is the need of the day. Critically examine it.
  3. Discuss in detail the concept of amalgamation and its related issues.

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