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Important Questions for "company law":

[1]

  1. What do you mean by non-voting shares?
  2. What do you mean by mortgage?
  3. Can a member inspect the books of minutes of the Board Meeting? Discuss.

[2]

  1. Distinguish between member's voluntary winding-up and creditor's voluntary winding-up.
  2. What do you understand by promoters of a company? Discuss the duties and liabilities of promoters.
  3. Define Debenture. What are the various kinds of Debenture? State the difference between shareholders and debenture holders.

[3]

  1. Who can be directors of a company? Briefly explain their duties. Can a director delegate his functions to another person?
  2. Define Debenture. What are the various kinds of Debenture? State the difference between shareholders and Debenture holders.
  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 is the objective of portfolio diversification?
  3. What are sweat equity shares?

[5]

  1. Do you agree with the definition of a joint stock company as 'an artificial person created by law with a perpetual succession and a common seal'?
  2. Explain the formalities involved in obtaining a certificate of commencement of business. Is such a certificate necessary for all companies?
  3. Who is a promoter? Discuss his legal position in relation to a company which he promotes.

[6]

  1. What is the difference between a Private and Public Limited Company?
  2. What are the provisions of Companies Act regarding the mode of appointment of the directors of a company?
  3. What are the different kinds of meetings of the shareholders of a company? When and how are these meetings held?

[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 the concept of Corporate Personality?
  2. Explain the applicability of the forms as mentioned in the Tables A, B, C, D, and E under Schedule 1 of the Companies Act, 2013.
  3. What is a Statutory Company?

[9]

  1. What is the difference between Transfer and Transmission of Shares?
  2. What is the difference between Pledge and Mortgage?
  3. Explain the civil and criminal liabilities for misstatement in prospectus.

[10]

  1. Differentiate between fixed charge and floating charge.
  2. What do you understand by 'Annual General Meeting'?
  3. Write in detail the advantages and disadvantages of incorporation of a company.

[11]

  1. Role of National Company Law Tribunal and related appointments.
  2. Requirements for a company having a paid-up share capital of 5 crores or more for a whole-time appointment.
  3. Types and classifications of companies, share capital specifics, and memorandum clauses.

[12]

  1. How is 'Appellate Tribunal' defined in the Companies Act, 2013?
  2. Who decides the working days calendar for the Tribunal in a year?
  3. What is the significance of Section 43 of the Companies Act, 2013?

[13]

  1. Any transaction outside the scope of a company's object is ultra vires the company and void.
  2. What is a public company?
  3. What is Statement in lieu of prospectus?

[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 understand by Corporation?
  3. Define the prospectus of a company.

[15]

  1. What do you understand by called-up capital?
  2. What do you understand by statement in lieu of prospectus?
  3. Discuss the legal position of directors.

[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. What do you understand by 'Annual General Meeting'?
  3. How are the auditors of companies appointed? What are their powers and duties under the Companies Act?

[17]

  1. What do you understand by Doctrine of Ultra Vires?
  2. What do you mean by Private Company? When does a private company become a public company? Can a public company be transformed into a private company? Distinguish between a public and private company.
  3. How can you investigate the Company affairs? What is the importance of the report submitted by the Inspector? What are the powers of Inspector appointed by Central Government for the investigations of Company affairs?

[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 doctrine of 'Constructive Notice'.
  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 ultra vires acquired property.
  2. Whether a company can sue on pre-incorporation contract?
  3. Explain doctrine of Indoor Management.

[21]

  1. What are the rules governing the use of proxies?
  2. Under what circumstances can a director be removed?
  3. What is the difference between transfer and transmission of Shares? Under what circumstances and how can a company transfer its shares?

[22]

  1. State the difference between prospectus and statement in lieu of prospectus.
  2. Explain the legal position of Promoter. State the liabilities of Promoter towards the company.
  3. Give definition of articles of association and explain their contents.

[23]

  1. What is Promotion of Company?
  2. Give the rights of minority shareholders.
  3. Examine critically the provisions of the Companies Act for the prevention of oppression and mismanagement in a company.

[24]

  1. State powers and duties of Auditor of Company.
  2. What do you understand by Memorandum of Association? Distinguish between Memorandum of Association and Article of Association.
  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. Explain the rule of majority.
  3. What is the doctrine of Indoor Management? Discuss with the help of decided cases.

[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 is meant by 'Articles of Association'? What is their nature? Explain.
  3. What do you understand by the members of a company? Are they the same persons as the shareholders? How is the membership of a company acquired?

[27]

  1. What do you mean by the doctrine of Indoor Management?
  2. Prospectus must state truth and nothing but truth. Do you agree with the statement?
  3. When Court can order winding up of a Company on just and equitable grounds?

[28]

  1. What is a holding company?
  2. What is a one-person company?
  3. Distinguish between 'Public and Private Company'.

[29]

  1. Discuss the facts and decision of the Salomon Vs. Salomon and Co. Ltd. case.
  2. Why is the appointment of independent directors made by the company?
  3. Reduction in share capital is made with or without approval of the Tribunal. Comment.

[30]

  1. What is the effect of the certificate of incorporation?
  2. Discuss about the kinds of Share-capital.
  3. What do you mean by Doctrine of Ultra-Vires?

[31]

  1. Write a short note on Statutory Company.
  2. State the power and duties of directors as laid down in the Indian Companies Act.
  3. Discuss the doctrine of 'Indoor Management'. Fortify your answer by reference to some decided cases. Are there any exceptions to this doctrine?

[32]

  1. What is the relation between holding company and subsidiary company?
  2. Explain the Doctrine of Ultra-vires with the help of decided cases.
  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. Write a short note on surrender of shares.
  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. Write a short note on Dividend.
  2. What Court can order winding-up of a company on just and equitable grounds?
  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. What do you mean by Indoor Management? Classify.
  2. Discuss the powers, functions and the duties of director.
  3. Discuss in detail the different modes of winding up of a company.

[36]

  1. Explain the doctrine of 'Ultra Vires' at length.
  2. What is meant by 'Reconstruction' and 'Amalgamation' in the context of a company? Elucidate.
  3. What is understood by the term 'Winding up' in relation to a company? Explain 'Voluntary Winding Up' in detail.

[37]

  1. Why is 'Certificate of Incorporation' considered important?
  2. Explain the doctrine of 'Ultra Vires' at length.
  3. Explain the concepts of 'Mismanagement' and 'Oppression' with examples.

[38]

  1. What is National Company Law Tribunal?
  2. Differentiate between trust and co-operative society.
  3. Differentiate between the functioning of World Bank and IMF.

[39]

  1. What do you understand by a Private Company? Discuss the privileges and exemptions enjoyed by a Private Company as against a Public Company.
  2. Give the definition of resolution. Describe the different types of resolution which can be passed at a company meeting.
  3. What is ultra-vires borrowing? What remedies are open to a lender if a company resorts to ultra-vires borrowing?

[40]

  1. Define private company and explain the procedure for conversion of a private company to a public company.
  2. What do you understand by 'Memorandum of Association'? Briefly state its various clauses.
  3. Explain the different types of general meetings of a company.

[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. State the Legal provisions regarding qualification shares of directors.
  2. What are the different methods of alteration of share capital of a company? What are the provisions regarded it?
  3. What is meant by "resolution"? Explain the types of resolutions under Indian Companies Act.

[43]

  1. What is the time limit of calling an annual general meeting?
  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. What is the meaning of statutory meeting? In which companies statutory meeting is not held?
  2. What is a private company? What is the difference between a private company and public company?
  3. Describe the duties of directors.

[45]

  1. Distinguish between Prospectus and a Statement in lieu of prospectus.
  2. Who are the Directors of a Company? Discuss the legal procedure for appointment of various types of directors. Also state the restrictions on appointment and re-appointment of directors.
  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. What do you mean by creditor's meeting?
  2. "Every meeting, in order to be valid, must be duly convened, properly constituted and conducted." Elucidate.
  3. Distinguish between dissolution and winding up. State briefly the various methods of winding up of a company.

[47]

  1. Define the expression 'Mismanagement of a company' and critically examine the various administrative and judicial remedies in cases of mismanagement of a company.
  2. Critically explain the doctrines of 'Constructive notice' and 'Indoor management' and state the relevance of these doctrines with regard to the borrowing powers of a company and its directors.
  3. What do you understand by the 'Rule of majority'? Discuss the circumstances when this rule is discarded for the protection of minority shareholders. Refer to relevant statutory provisions and case law.

[48]

  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. How and when can a company pay dividends to its shareholders? What are the rules regarding the payment of dividends?

[49]

  1. What is take-over? Discuss the various provisions related to take-over in Company Law.
  2. What do you mean by winding up of a company? When can a company be wound up on just and equitable grounds?
  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. Explain the meaning and kinds of shares. State the legal provisions regarding allotment, forfeiture, and transfer of shares.
  3. Write a short note on any two of the following: Kinds of Companies, Debentures, Prevention of Mismanagement.

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