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Important Questions for "company law":

[1]

  1. Write a short note on voting by pool.
  2. What is ultra vires borrowing? What remedies are open to a lender in case of ultra vires borrowing?
  3. When can oppression and mismanagement be complained in a company?

[2]

  1. Explain in brief the 'Doctrine of Indoor Management'.
  2. Discuss the various modes of becoming a member of a company.
  3. Distinguish between member's voluntary winding-up and creditor's voluntary winding-up.

[3]

  1. Define 'prospectus'. What particulars are given in the prospectus?
  2. Who can be directors of a company? Briefly explain their duties. Can a director delegate his functions to another person?
  3. Discuss the grounds for compulsory winding up of a company. Who can apply for such a winding-up?

[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. How and in what circumstances can a company reduce, increase or reorganize its share capital?
  3. What is the difference between transmission of shares and transfer of shares?

[6]

  1. What is meant by winding up of a company by the court?
  2. What is a Memorandum of Association? What are its contents?
  3. What is meant by balancing the rights of the majority and minority shareholders for the smooth function of a company?

[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. Give journal entries relating to issue and forfeiture of shares when shares are issued at premium and at discount.

[8]

  1. 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.
  2. What do you understand by Forfeiture of Shares?
  3. What is the difference between the Certificate of Incorporation and Certificate of Commencement?

[9]

  1. Distinguish between the member of the company and shareholder.
  2. Define company and mention the advantages and disadvantages of incorporation.
  3. Explain in brief the powers and duties of Directors of a company.

[10]

  1. Differentiate between Company and Corporation.
  2. Differentiate between fixed charge and floating charge.
  3. Discuss the legal position of directors.

[11]

  1. Role of National Company Law Tribunal and related appointments.
  2. Details on Section 43 related to Kinds of Shares.
  3. Clarifications on membership limits for private limited companies at the time of incorporation.

[12]

  1. What is the minimum number of directors required for a public company?
  2. Define 'financial year' under the Companies Act, 2013.
  3. How are preference shares liable for redemption under the Companies Act, 2013?

[13]

  1. Define share and share capital.
  2. Explain the Doctrine of Indoor Management.
  3. What is Voluntary winding up?

[14]

  1. Discuss the doctrine of Constructive notice.
  2. Discuss the powers of liquidator.
  3. Discuss the criminal liability of the company.

[15]

  1. Differentiate between a company and a partnership firm.
  2. What do you mean by a 'Sweat equity share'?
  3. Differentiate between holding Company and Subsidiary Company.

[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. What do you understand by 'Annual General Meeting'?

[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. Define 'Share' and briefly describe the procedure of allotment of shares referring to restrictions imposed on allotment of shares.
  3. Discuss the statement 'The Directors of a Company are those individuals in whom the power of management of a company is vested.' Elaborately analyze the legal position of Directors.

[20]

  1. Explain ultra vires acquired property.
  2. What is meant by certificate of incorporation?
  3. Whether a company can sue on pre-incorporation contract?

[21]

  1. What is a Company? Distinguish between a Public Company and a Private Company.
  2. What is Prospectus? Discuss the consequences of mis-statement in a prospectus.
  3. Explain the doctrine of Ultra-Vires.

[22]

  1. State the rights of official liquidator.
  2. Give definition of articles of association and explain their contents.
  3. What is meant by extraordinary general meeting? Who can call it?

[23]

  1. Explain the kinds of Companies.
  2. Write the meaning of charge and mortgage.
  3. Describe the modes of winding-up of a company.

[24]

  1. Distinguish between share certificate and share warrant.
  2. Distinguish between Public Company and Private Company.
  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 are the modes of winding up of a company?
  3. What do you understand by Memorandum of Association 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 is meant by 'Articles of Association'? What is their nature? Explain.
  3. Who prepares the statement of affairs in a compulsory liquidation (winding up by the Tribunal) and what information must it contain? What steps does the official liquidator take after receiving the statement of affairs?

[27]

  1. What is the difference between a shareholder and a debenture holder? Explain.
  2. State the circumstances under which the corporate veil of a company is lifted and separate legal existence of it is ignored.
  3. When Court can order winding up of a Company on just and equitable grounds?

[28]

  1. What is a holding company?
  2. State the powers and duties of directors as laid down in the Indian Companies Act.
  3. Who are liable for misstatement in a prospectus? Explain the extent of civil and criminal liability for such misstatement.

[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. In what circumstances is lifting of the corporate veil done?

[30]

  1. What do you mean by Holding Company and Subsidiary Company?
  2. Discuss about the kinds of Share-capital.
  3. What do you mean by winding-up of the Company and what are the grounds of winding up of the Company?

[31]

  1. Write a short note on Share Warrant.
  2. What are: (a) 'A' List of contributories (b) 'B' List of contributories?
  3. 'A company is a legal entity distinct from its members'. In what circumstances do courts ignore this principle?

[32]

  1. What is the relation between holding company and subsidiary company?
  2. What are the characteristics of an Incorporated company? Explain with the help of decided cases.
  3. Discuss the position of Directors in a company. What are the powers and duties of a director?

[33]

  1. Write a short note on surrender of shares.
  2. Explain in brief statutory meeting.
  3. Define company. Discuss the features of a company.

[34]

  1. Who may be a member of a company?
  2. Discuss the advantage of the 'Doctrine of Corporate Personality'.
  3. What do you mean by meeting? Discuss the kinds of meeting under the Companies Act, 2013.

[35]

  1. What do you mean by Company?
  2. What do you mean by Doctrine of Ultra Vires?
  3. What is understood by the term 'Article of Association' in relation to a company? Examine its contents in detail.

[36]

  1. What is certificate of Incorporation?
  2. What is meant by share in context of share capital of a company?
  3. Define Prospectus. What are the remedies for misrepresentation in prospectus?

[37]

  1. What is winding-up? When can a company be wound up by the tribunal?
  2. Explain the provisions regarding the transfer of shares.
  3. Who are promoters? Explain their position vis-a-vis the company.

[38]

  1. What is National Company Law Tribunal?
  2. What are the sources of rural finance? Critically evaluate the role of rural institutional finance in rural development.
  3. What is Globalisation? Describe the steps taken by the government of India towards globalisation and its effect on the Indian economy.

[39]

  1. In a company, the will of the majority is supreme. Explain.
  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. Is it compulsory for each company to have its own articles? State briefly its contents.

[40]

  1. Certificate for commencement of business is compulsory for which type of company?
  2. What is meant by transmission of shares?
  3. What is an Annual General Meeting?

[41]

  1. What do you understand by the winding up of a company? Discuss the various methods prescribed under Company Law.
  2. Define prospectus of a company and explain its significance in corporate management. Discuss the consequences of a false prospectus.
  3. What is borrowed capital? Discuss the procedure for seeking loans from banks for a new company.

[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. Write a detailed note on "doctrine of indoor management."

[43]

  1. Write a short note on remuneration of directors.
  2. What are the contents of the memorandum of association of a company?
  3. What is meant by reduction in share capital under the Indian Companies Act? Explain the circumstances and procedure necessary for reducing the share capital of a company.

[44]

  1. Write the meaning of statement in lieu of prospectus.
  2. Describe the duties of directors.
  3. What are the limits of the borrowing powers of a company?

[45]

  1. How is the name clause of Memorandum of Association Altered?
  2. A proper balance of the right of the majority and minority shareholders is essential for the smooth function of a company. Discuss.
  3. Write short notes on the following: (a) Voluntary winding up (b) Liquidator (c) Proxy.

[46]

  1. What do you mean by creditor's meeting?
  2. What do you understand by Articles of Association? Describe its contents.
  3. Distinguish between Managing Director and Manager 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. 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. Critically examine the legal position of directors and appropriation of corporate opportunity with the help of relevant case law.
  3. 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.

[50]

  1. Describe in brief the powers of Directors in a company. Evaluate the position of Directors with reference to their various rights and duties.
  2. Define Memorandum of Association. How and to what extent can the Memorandum of Association be amended?
  3. Explain the meaning and kinds of shares. State the legal provisions regarding allotment, forfeiture, and transfer of shares.

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