Company Law Important Questions, B.Com CBCS Pattern, Dibrugarh University

Company Law Important Questions
B.Com 3rd Sem CBCS Pattern
Dibrugarh University

Unit 1:  Introduction to Company, Administration, Promotion and Incorporation

Q. Discuss in brief the constitution of Board of Company Law Administration. Write the important objectives of Company Law.                       2011

Q. Define company. What are its features?                         2013

Q. What is one person company? Explain various types of companies as per the Companies Act, 2013. 2015, 2019SN

Q. What is corporate veil? When it can be lifted?

Q. Define private company and public company. What are the privileges and exemptions enjoyed by a private company under the Companies Act, 2013?              2013, 2019SN, 2021

Q. Explain various stages in incorporation of a company. Mention various advantages and disadvantages of incorporation of a company.   2019SN

Q. Who is promoter? Discussabout the functions of promoter.                2021

Q. Explain the legal status of promoters of a company.

Q. Write short notes on:

Ø Illegal association

Ø Pre-incorporation contract

Ø Small company

Ø Dormant company

Ø One-person company


Ø Objectives of Indian Companies Act' 2013

Unit 2:
Part A: Memorandum, Articles and Prospectus

Q. What is memorandum of association? What are its Clauses (2013, 2015, 2017, 2019)? How it is altered (2018)? 2021

Q. What are articles of association (2016, 2018)? What are its contents? How it isaltered?          2017

Q. What is prospectus? What are its contents? What are the legal provisions relating toissue of prospectus (2018)?                 2016, 2019

Q. Explain and illustrate doctrine of indoor management. What are the exceptions to thisrule?

Q. Explain and illustrate doctrine of ultra vires. What are the consequences and exceptions to this rule?

Q. Write Short notes on:

Ø  Various categories of prospectus

Ø  Consequences of mis-statement in prospectus

Ø  Legal effect of MOA and AOA (Importance)

Ø  Red-herring prospectus

Ø  Doctrine of constructive notice

Ø  Memorandum Vs. articles of association.       2016, 2018

Ø  Book Building Process

Part B: Shares, Transfer, Transmission, Bonus, Buyback

Q.Explain the provisions of the Companies Act’ 2013 relating to buyback of shares.

Q.Explain the provisions of the Companies Act’ 2013 relating to bonus shares.

Q. What is share certificate and share warrant? Distinguish between share certificate and share warrant.   2021

Q. What is transfer and transmission of shares? Distinguish between transfer and transmission of shares.

Q. Explain the provisions of the Companies Act’ 2013 relating to issue of shares at a discount and premium.

Q. What is forfeiture and reissue of forfeited shares? Explain the provisions of the Companies Act’ 2013 relating to forfeiture and reissue of shares.

Q. Explain the provisions of companies act relating to allotment of shares.

Unit 3
Part A: Company Directors

Q. Mention various types of directors in a company. 

Q. Who can and cannot be appointed as director of a company (Qualification and Disqualification of Directors)? 2018, 2019

Q. What do you mean by Managing Director of A Company? State the provisions ofCompanies Act relating to appointment (2013, 2015, 2016, 2019) and removal (2014) of managing director.         2021

Q. Explain the rights and duties (2013) of directors of a Company.

Q. Write a brief note on Liabilities of Company's Director.                        

Q. Explain the legal position of a company director.                 2014, 2017, 2019

Q. Write short notes on:

Ø  Woman director           VVVI                      2019

Ø  Compulsory winding up

Ø  Key managerial personnel


Ø  Board of Directors

Ø  Qualification share

Ø  Number of Directors and Ceiling on Number of Directorship

Part B: Company Meetings

Q. What are various types of a company meeting (2018)? Explain the essentials of a valid meeting.  (Notice, Quorum, Agenda,Proxy) 2013, 2016, 2019

Q. What is annual general meeting? What are its objectives (2018, 2019)? Outline thebusiness usually transacted at this meeting.            

Q. In what manner and by whom an Annual general meeting be called? State the statutoryrules governing the holding of Annual general meeting.                             2013, 2015, 2017, 2019, 2021

Q. What is board meeting? Discuss the legal provisions relating to the board meeting. 2017, 2019SN

Q. What is Extraordinary General Meeting? Who may convene such a meeting? What are the needs for holding such meeting?                            2016, 2018

Q. What is resolution? What are its various types?

Unit 4

Part A: Company Audit and Auditors

Q. Who can be appointed and who cannot be appointed as an auditor of a company?   2019

Q. How an auditor is appointed (2014, 2018)? Explain the procedure for removal (2017SN) of auditor before and after the expiry of the term?        2019

Q. What are the rights, liabilities and duties of an auditor under the Companies Act, 2013? Explain them briefly.                             2013, 2015, 2016, 2019

Q. What do you mean by qualified report? Under what circumstances as an auditor of a company would you qualify the report? Draft a qualified report giving at least four reasons (2017).         2014, 2018SN

Q. What are various types of audit report? Explain them briefly. Explain the importance of Audit Report.    2015, 2017, 2018, 2019

Q. What is Audit Report? Explain its essential elements.  2015, 2019

Part B: Books of Accounts, Divisible profits and dividends

Q. What are the different books of account that a company registered under the Companies Act is bound to maintain? Discuss.                2021

Q. What is divisible profit and dividend? What are its various sources? As an auditor, state the legal provisions relating to the payment of final dividend.                 2013, 2014SN, 2018SN, 2019

Q. Explain the provisions of companies act 2013 relating to interim dividend, unpaid and unclaimed dividends

Unit 5: Winding Up, Insider trading, Whistle blowing

Q. What is winding up of a company? Explain various modes of winding up of a company. What are its consequences? 2016, 2018, 2021

Q. Who is an official liquidator? Write a brief note on powers and duties of official liquidator.                2017

Q.What is Insider trading? Explain the legal provisions regarding insider trading.           2021      

Q. What is whistle blowing? Explain the ‘vigil’ mechanism established under the Companies Act, 2013.              2021