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Tuesday, August 22, 2017

B.Com 2nd Year Question Papers (Distance): Company Law' 2015

2015 (July)
Paper: 205
(Company Law)
Full Marks: 90

Time: 3 hours
The figures in the margin indicate full marks for the questions

1. Answer as directed: 1x9=9
  1. On which of the following dates the Companies Act, 1956, come into force?
  1. 31st March, 1956.
  2. 1st April, 1956.
  3. 31st March, 1957.
  4. 1st April 1957.
  1. Can a public company be converted into a private company?
  1. Yes.
  2. No.
  1. The Capital with which the company is registered is called –
  1. Subscribed capital.
  2. Authorised capital.
  3. Working capital.
  4. None of these.
  1. For which of the following companies it is not obligatory to have Articles of Association?
  1. Companies limited by shares.
  2. Companies limited by guarantee.
  3. Private limited companies.
  4. Unlimited companies.
  1. A share certificate is a negotiable instrument as the shares of companies are freely transferable.
  1. True.
  2. False.
  1. If the particulars of charge are not field with Registrar of Companies within the prescribed period of 30 days, then the Registrar may allow the additional period of –
  1. 7 days.
  2. 21 days.
  3. 30 days.
  4. 60 days.
  1. Every company (public or private) is required to hold an Annual General Meeting.
  1. True.
  2. False.
  1. A director appointed to fill-up a casual vacancy will hold office –
  1. Years from the date of appointment.
  2. Years from the date of appointment.
  3. The date which the person in whose place he is appointed would have held the office.
  1. It is obligatory to file with the Registrar, a copy of Prospectus, before it is being issued to the public.
  1. True.
  2. False.
2. Write short notes on: 4x4=16
  1. Incorporation of company.
  2. Voting rights of shareholders.
  3. Register of members.
  4. Statutory meeting.
3. (a) What is Memorandum of Association? Explain briefly the important clauses of Memorandum of Association. 4+9=13
(b) Discuss in brief the various kinds of Companies established under the Companies Act. 13
4. (a) Explain how a company can issue shares at a premium and at a discount as per Company Law. 6+7=13
(b) State the procedure of transfer of shares under the Companies Act, 1956. 13
5. (a) Explain the legal provisions relating to registration of charges. What is the effect of non-registration of charges? 10+3=13
(b) What charge must be registered with Registrar of Companies? Write a note on Certificate of Registration of Charges. 7+6=13
6. (a) What are the conditions to be fulfilled before a company can commence its business? Which new condition has been inserted by the Companies Amendment Act, 1956, for the commencement of the business by a company? 8+5=13
(b) Explain the legal provisions of the Companies Act, 1956, regarding the holding of Annual General Meeting. What is the significance of Annual General Meeting? 9+4=13
7. (a) Explain how the office of a director is filled in case of a casual vacancy and for what period. State the number of companies, a person can accept the post of directorship. 7+6=13
(b) Mention the statutory provisions of the Companies Act, relating to appointment of a Managing Director of a company. Who cannot be appointed as Managing Director?

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