Company Law Question Paper May' 2017, Dibrugarh University B.Com 4th Semester

Company Law Question Paper May' 2017
Dibrugarh University B.Com 4th Semester
Commerce (Gen/Spe)

Course: 402 (Company Law)
Time: 3 hours
The figures in the margin indicate full marks for the questions
Full Marks: 80
Pass Marks: 24

1. Write True or False:                                   1x4=4
a)      A company is a legal person. Therefore it acquires citizenship.
b)      A Company Secretary cannot participate in the management of company affairs.
c)       In case of a public company, the minimum number of directors is five.
d)      The gap between two Annual General Meetings must not be more than fifteen months.

2. Fill in the blanks with appropriate word:                           1x4=4
a)      The maximum number of members of a private company is ____.
b)      A Company Secretary is merely an ____ of the company.
c)       In case of members, voluntary winding-up of a company, the liquidator is appointed by the ____ of the company.
d)      The ____ is the proper authority to convene annual general meeting.

3. Write briefly on any four of the following:                       4x4=16
a)      Registered company.
b)      Prospectus of a company.
c)       Quorum.
d)      Managing Director.
e)      One-person company.
f)       Voluntary winding-up.

4. Discuss how and to what extent Articles of Association of a company can be altered.                 14
What is Memorandum of Association? Discuss the clauses of Memorandum of Association.   2+12=14

5. In what ways may a person cease to be a member of a company? Explain.                       14
Discuss the role of a Company Secretary:                              7+7=14
a)      As a principal or statutory officer;
b)      As a coordinator.

6. What are the objects of holding the Annual General Meeting? What are the consequences of not holding such a meeting?                             6+8=14
Explain the procedure for convening the conducting the Board of Directors meeting at a company. 14
7. What is the position of a Director in a company –?                                       5+5+4=14
a)      As an agent;
b)      As a trustee;
c)       As a managing partner?       
Describe the powers and duties of a liquidator appointed by the tribunal.         14
Full Marks: 80
Pass Marks: 32
1. Fill in the blanks:                        1x4=4
a)      Share warrant is a kind of ____ instrument.
b)      A mortgage of land is an example of ____ charge.
c)       In case of public company, minimum number of directors is ____.
d)      The gap between two Annual General Meetings must not be more than ____ months.
2. Write True or False:                    1x4=4
a)      It is compulsory for every company to have its own Articles of Association.
b)      A shareholder is an agent of the company.
c)       A public company having share capital can start business right from the date of its incorporation.
d)      In the case of a private company, minimum ten members personally present may be the quorum for a meeting.
3. Write briefly (any four):           4x4=16
a)      Prospectus.
b)      Share Warrant.
c)       Annual Return.
d)      Charge.
e)      Qualification share.
f)       Quorum.
4. Define private company. State the special privileges which a private company enjoys under the Companies Act. 3+8=11
Define Articles of Association and discuss its contents.                   2+9=11
5. What is share? Write the differences between transfer and transmission of share.     2+9=11
What conditions are to be satisfied for forfeiting shares? Discuss.                                             11
6. What charges must be registered with Registrar of Company? What is the effect of non-registration of charges? 6+5=11
Distinguish between fixed charge and floating charge. When floating charges are converted to fixed charges? 5+6=11
7. When and by whom an extraordinary general meeting is convened? Discuss.                                 11
Discuss the requirements of a valid meeting of a company.                          11
8. Mention the statutory provisions of the Companies Act relating to the appointment of a Managing Director in a company. Who cannot be appointed as Managing Director of a company?                            8+4=12
Discuss the provisions of Companies Act regarding the removal of directors of a company.           12