File Details:

Questions:

1. Critically examine the legal position of directors and appropriation of corporate opportunity with the help of relevant case law.
2. Discuss the different kinds of shares. Under what circumstances can a company forfeit shares? What remedies are available against forfeiture?
3. The doctrine of ultra vires is an illusory protection to shareholders and a pitfall for third parties. Comment. Has this doctrine become outdated?
4. 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.
5. What is take-over? Discuss the various provisions related to take-over in Company Law.
6. How and when can a company pay dividends to its shareholders? What are the rules regarding the payment of dividends?
7. Explain the provisions of the Companies Act regarding 'buy back' of shares and prohibitions on 'buy back'.
8. 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.
9. What do you mean by winding up of a company? When can a company be wound up on just and equitable grounds?
10. Write a note on the following: Corporate Social Responsibility, Fiduciary Obligation of a Director.