B.Com 2nd Year Question Papers (Distance): Company Law' 2016

2016 (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. Which of the following statements in correct:
  1. The Companies Act, 1956, extends to all the states of India.
  2. The Companies Act, 1956, extends to all the states of India, except Jammu and Kashmir.
  1. The Registered-Office clause of Memorandum of Association contains –
  1. The name of the state in which the registered office of the company is to situate.
  2. The name of the city/town only not that of the state.
  3. The name of the Registrar of Companies.
  4. The complete postal address.
  1. Can a public company issue any other type of shares except ordinary and preference shares?
  1. Yes.
  2. No.
  1. Which of the following statements is not correct?
  1. A share-warrant is a negotiable instrument.
  2. A share-warrant is not a negotiable instrument.
  3. A share-warrant can be issued only in respect of fully paid shares.
  4. A share-warrant can be issued only by a public company limited by shares.
  1. A blank-share transfer instrument is valid for –
  1. 2 months.
  2. 3 months.
  3. 6 months.
  4. 12 months.
  1. The shares in a company are the movable property of the shareholders –
  1. True, as the Companies Act so provides.
  2. False, as only goods can be movable property, but shares are not goods.
  1. Can a change be created on the assets of the company?
  1. Yes, as there is a legal provision to this effect.
  2. No, as a charge on changing assets is meaningless.
  1. A company must commence business within one year of its incorporation.
  1. True, as it is the law on this point.
  2. False, as there is no such provision in the Companies Act.
  1. What is the proportion of total directors that can be given permanent appointment in the company?
  1. 2/3.
  2. 1/3.
  3. 1/4.
  4. 1/6.
2. Write short notes on: 4x4=16
  1. Memorandum of Association.
  2. Share-Warrant.
  3. Certificate of Registration of Charges.
  4. Annual Return of Companies.
3. (a) What is Articles of Association? Mention the contents of articles of association which are generally included in it. 3+10=13
(b) Give the definition of Prospectus as per Companies Act. Mention the various contents written in the prospectus. 4+9=13
4. (a) Define share. What are the different kinds of share a company may issue? Discuss. 8+5=13
(b) What is Share Certificate and Debenture Certificate? What are the essential factors to be required for a valid share certificate? When can a company renew a share certificate or issue a duplicate one? 4+6+3=13
5. (a) What is Charge? What are the special points to be noted by a company, while creating charge? Write an explanatory note on Fixed Charge and Floating Charge. 2+3+8=13
(b) Discuss the legal provisions relating to the maintenance of register of charges by the Registrar and the Company. What are the consequences of non registration of charges? 8+5=13
6. (a) Discuss in brief the legal provisions under Companies Act, in relation to change of name clause of a company. Mention five particulars entered in the Register of Members. 8+5=13
(b) When and which companies are required to hold the Statutory Meeting? Discuss the legal provisions relating to the statutory meeting. 3+10=13
7. (a) Who are the Directors of a Company? Discuss in brief the various modes of appointment of directors in a company. 3+10=13
(b) Who is Managing Director? Discuss the qualifications, disqualifications, remuneration and terms of office, relating to the appointment of managing-director of a company. 3+10=13