File Details:

Questions:

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.
4. Explain the statement: 'The Memorandum of Association is the fundamental law or a charter defining the objects and limiting the powers of a company.'
5. Who are liable for misstatements in a prospectus? Explain the extent of civil and criminal liabilities for such misstatements.
6. How and in what circumstances can a company reduce, increase or reorganize its share capital?
7. What is the difference between stock and shares?
8. What is the difference between transmission of shares and transfer of shares?
9. What are the statutory provisions regarding the holding of an annual general meeting? What business is transacted at such a meeting?
10. What are the different kinds of debentures? What remedies are available to debenture holders for realization of their security?
11. Write short notes on the principle of majority rule and its exceptions.
12. Write short notes on the borrowing powers of a company.