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Important Questions for "company law":

[1]

  1. What do you mean by mortgage?
  2. When can oppression and mismanagement be complained in a company?
  3. What is winding-up? When can a company be wound-up by the court?

[2]

  1. What is meant by 'Articles of Association'?
  2. A proper balance between majority supremacy and minority rights is essential for the smooth functioning of the company. Explain.
  3. Define liquidator and discuss his legal position. Is he a trustee?

[3]

  1. Who can be directors of a company? Briefly explain their duties. Can a director delegate his functions to another person?
  2. Discuss the grounds for compulsory winding up of a company. Who can apply for such a winding-up?
  3. Distinguish between 'Amalgamation' and 'Reconstruction'. When and how can two or more companies be amalgamated in national interest?

[4]

  1. Define liability of members as per company law.
  2. What does buying low and selling high indicate?
  3. What is the Doctrine of Indoor Management?

[5]

  1. What is the difference between stock and shares?
  2. What is the difference between transmission of shares and transfer of shares?
  3. Write short notes on the principle of majority rule and its exceptions.

[6]

  1. What is the importance of articles of association of a company?
  2. What is a Share Warrant?
  3. What are the liabilities for mis-statement in a prospectus?

[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. Define Holding Company and Subsidiary Company. What are the various calculations which are made for preparing consolidated Balance Sheet of holding company and its subsidiary company?

[8]

  1. What is the difference between Share Warrant and Share Certificate?
  2. What is a Statutory Company?
  3. Explain the different clauses under the MOA under Section 13 of the Companies Act, 2013.

[9]

  1. What is the difference between Private and Public Limited Company?
  2. What do you mean by the Doctrine of Ultra Vires?
  3. Explain in brief the powers and duties of Directors of a company.

[10]

  1. Write in detail the advantages and disadvantages of incorporation of a company.
  2. Explain the statement: 'A Company is vested with corporate personality which is independent of and distinct from its members.'
  3. State the grounds on which the Court may order compulsory winding-up of a company.

[11]

  1. Role of National Company Law Tribunal and related appointments.
  2. Details on Section 43 related to Kinds of Shares.
  3. Restrictions under Section 71 of Companies Act, 2013 regarding debentures.

[12]

  1. What is the minimum capital required for a private company?
  2. What is the minimum number of directors required for a public company?
  3. What is the significance of Section 43 of the Companies Act, 2013?

[13]

  1. What is the quorum for a valid meeting?
  2. Explain Memorandum and Articles of Association.
  3. Describe the various clauses of a memorandum of association. How far the name clause of a memorandum of association can be altered?

[14]

  1. How can a person become a member of a company and how does he cease to be such a member?
  2. What do you mean by issues of share at premium?
  3. What do you understand by Government Company?

[15]

  1. Can a suit be filed against a company for false statements in a prospectus? Can the Board of Directors be held liable?
  2. Write a short note on 'Articles of Association'.
  3. What do you mean by 'Doctrine of Ultra-Vires'?

[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. Explain 'winding-up' of a company.
  3. How is the transfer of debentures effected?

[17]

  1. Can a minor become a member of a Company?
  2. What do you understand by dividend?
  3. Can a suit be filed against that company for false statements in the prospectus? Can the Board of Directors be held liable? Discuss the liability if any.

[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 the importance of 'Doctrine of Ultravirus' with respect to object clause of the Company.
  3. What is meant by Memorandum of Association? Describe its subject-matter and differentiate between Memorandum of Association and Articles of Association.

[20]

  1. Explain doctrine of ultra vires.
  2. Explain member and shareholder of a company.
  3. Discuss winding up of a company by Tribunal.

[21]

  1. What is Stock? How does it differ from a Share?
  2. Under what circumstances can a director be removed?
  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. State the rights of official liquidator.
  2. Describe a limited liability company.
  3. What is a debenture? Describe methods of issue of debentures.

[23]

  1. What is One Person Company?
  2. Give the meaning of director.
  3. What are the powers of the directors? What restrictions have been imposed by the Companies Act on the powers of directors?

[24]

  1. What do you understand by Memorandum of Association? Distinguish between Memorandum of Association and Article of Association.
  2. Explain the rule in Foss versus Harbottle. What are its exceptions?
  3. Explain the different kinds of meeting held by a Company. What is the importance of annual general meeting?

[25]

  1. Discuss the doctrine of ultra vires in Company Law with reference to cases decided by Indian Courts.
  2. What is the doctrine of constructive notice?
  3. What are the modes of winding up of a company?

[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. What are the various duties imposed on the directors by the Companies Act, 2013?
  3. What is the Doctrine of Ultra Vires? Also write the exceptions to this doctrine. What are the consequences of Ultra Vires transactions? Refer to Indian cases.

[27]

  1. Who may be a member of a company?
  2. What do you mean by the doctrine of Indoor Management?
  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 one-person company?
  2. State the powers and duties of directors as laid down in the Indian Companies Act.
  3. What do you understand by 'Memorandum of Association'? Briefly state its various clauses and also write its difference from 'Article of Association'.

[29]

  1. Discuss the facts and decision of the Salomon Vs. Salomon and Co. Ltd. case.
  2. Reduction in share capital is made with or without approval of the Tribunal. Comment.
  3. In what circumstances is lifting of the corporate veil done?

[30]

  1. What is the effect of the certificate of incorporation?
  2. What do you mean by Holding Company and Subsidiary Company?
  3. What do you mean by Company? What are the types of Company? What is the difference between private company and public company?

[31]

  1. What is illegal association under Section 11 of the Companies Act?
  2. A company has been dissolved. A year later certain property of the company comes to light. Can the dissolution be declared void?
  3. What is a Private Company? When does it become a Public Company?

[32]

  1. Explain the Doctrine of Ultra-vires with the help of decided cases.
  2. 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?
  3. What do you understand by Winding-up? State the grounds on which a company can be compulsorily wound up by the court.

[33]

  1. Write a short note on share warrant.
  2. What do you understand by winding-up of a company? Discuss the various modes of winding-up.
  3. Who is liable for mis-statement in prospectus? Explain also the extent of civil and criminal liability for such mis-statement.

[34]

  1. Discuss the advantage of the 'Doctrine of Corporate Personality'.
  2. What do you understand by Memorandum of Association? Briefly state its various clauses and also write its difference from Article of Association.
  3. What Court can order winding-up of a company on just and equitable grounds?

[35]

  1. Explain the concept of 'Corporate Social Responsibility'.
  2. What do you mean by Doctrine of Ultra Vires?
  3. Describe in detail the corporate veil theory.

[36]

  1. What are the disadvantages of Incorporation? Discuss.
  2. Who are Promoters? Explain their position vis-a-vis the company.
  3. Explain the doctrine of 'Ultra Vires' at length.

[37]

  1. Distinguish between 'Memorandum of Association' and 'Articles of Association'.
  2. What is the legal position of Directors in a company? What are their duties?
  3. Describe the duties of the court to protect the interest of creditors and shareholders.

[38]

  1. What is National Company Law Tribunal?
  2. What do you mean by agricultural marketing?
  3. What is Globalisation? Describe the steps taken by the government of India towards globalisation and its effect on the Indian economy.

[39]

  1. What do you understand by Blank Transfer?
  2. What do you understand by a Private Company? Discuss the privileges and exemptions enjoyed by a Private Company as against a Public Company.
  3. What is a company prospectus? What remedies are open to a person who has been induced to take shares in a company by misrepresentation in the prospectus?

[40]

  1. What is meant by public company?
  2. What do you understand by Quorum?
  3. What is 'Doctrine of Constructive Notice of Memorandum of Association'?

[41]

  1. What do you understand by the winding up of a company? Discuss the various methods prescribed under Company Law.
  2. What is the Article of Association of a company? How does it differ from the Memorandum of Association?
  3. Define prospectus of a company and explain its significance in corporate management. Discuss the consequences of a false prospectus.

[42]

  1. Write two differences between a public company and private company.
  2. Define statement in lieu of prospectus.
  3. What do you mean by share capital? Discuss the various types of share capital.

[43]

  1. How can a Private company be converted into a Public company?
  2. Write a short note on remuneration of directors.
  3. Explain the steps to be taken or a procedure to be followed for incorporation of a public company.

[44]

  1. Give the specimen of certificate of incorporation.
  2. Describe the duties of directors.
  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. Define 'Promoter'. Discuss the duties and responsibilities of promoters.
  2. Distinguish between Transmission of Shares and Transfer of Shares.
  3. What are the compulsory clauses in the Memorandum of Association? In what cases and to what extent can a company alter these clauses?

[46]

  1. What do you mean by creditor's meeting?
  2. Explain Incorporation of a company. Discuss the characteristics of the corporate personality.
  3. Distinguish between dissolution and winding up. State briefly the various methods of winding up of a company.

[47]

  1. Conservation of Capital is one of the main principles of a company. Discuss this statement in the light of the procedure for reduction of capital.
  2. What are the advantages and disadvantages of mergers and takeovers? When do mergers and takeovers make economic sense?
  3. What do you mean by the winding up of a company? When can a company be wound up on just and equitable grounds?

[48]

  1. What is take-over? Discuss the various provisions related to take-over in Company Law.
  2. The doctrine of ultra vires is an illusory protection to shareholders and a pitfall for third parties. Comment. Has this doctrine become outdated?
  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. Proper balance between majority supremacy and minority rights is necessary for smooth functioning of a company. Discuss this statement in light of Foss v. Harbottle (1843) 67 ER 189 and statutory provisions regarding the prevention of oppression of minority shareholders.
  3. What do you mean by winding up of a company? When can a company be wound up on just and equitable grounds?

[50]

  1. What is an Extraordinary General Meeting? What are the consequences for not holding an Extraordinary General Meeting? Discuss.
  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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