Company Law Question Paper May' 2018, Dibrugarh University B.Com 4th Semester

Company Law Question Paper May' 2018
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. Fill in the blanks:                                          1x4=4
a)      A public company is required to have minimum Rs. _____ as paid-up capital.
b)      After registration of the company, the memorandum becomes a _____.
c)       Quorum, for General Meeting for a public company is _____ members personally present, if the total numbers of members as on the date of meeting is more than 5000.
d)      The maximum number of directors in a public company is _____ as per the provision of the Companies Act.

2. Write True or False:                                    1x4=4
a)      Under Sections 5(1) and 7(1) of 2013 Act, it is not compulsory for every company to have its own articles.
b)      A company can become a member of another company.
c)       Member’s voluntary winding-up takes place only when the company is insolvent.
d)      Only Board of Director can convene an Extraordinary General Meeting.

3. Answer any four of the following questions:                                  4x4=16
a)      Write the disadvantages of a private company.
b)      When a company does not require to issue a prospectus?
c)       What are the objects of holding the Annual General Meeting?
d)      What is the role of a Company Secretary as a coordinator?
e)      What are the differences between a member and a shareholder?
f)       What is meant by share qualification of a director?

4. (a) What do you mean by Articles of Association? Distinguish between Articles of Association and Memorandum of Association.             4+10=14
(b) Explain the procedure of alteration of the (a) name clause and (2) registered office clause of memorandum of a company.          7+7=14

5. (a) Who can be a member of a company? Can the following parties become member of a company? Explain.    4+10=14
1)      Minor.
2)      Company.
3)      Partnership Firm.
4)      Foreigner.
5)      Insolvent.
(b) Discuss the rights and powers of a Company Secretary. Are there any restriction on the power of a Company Secretary?        10+4=14

6. (a) What is Extraordinary General Meeting? Who may convene such a meeting? What are the needs for holding such meeting?           3+4+7=14

(b) Discuss the various kinds of meeting that are to be convened by a public company.       14

7. Briefly discuss the provisions of the Companies Act regarding appointment of Director of a Company.       14
Briefly discuss the modes of winding-up of a company.                  14
Full Marks: 80
Pass Marks: 32
1. Fill in the blanks:                                          1x4=4
a)      _____ companies are not required to have any Memorandum or Articles of Association.
b)      A fixed charge is usually created on _____ assets.
c)       Annual return shall be filed with registrar within _____ days from the date of the holding of the Annual General Meeting.
d)      The share is a _____ property.
2. Write True or False:                                    1x4=4
a)      A public company is required to have minimum of paid-up capital of Rs. 5,00,000.
b)      A charge created on the stock-in-trade of a business is a fixed charge.
c)       The shareholders of a company can appoint an Additional Director.
d)      The Board of Director is the proper authority to convene Annual General Meeting.
3. Write briefly (any four):                           4x4=16
a)      Share Certificate.
b)      Articles of Association.
c)       Register of Members.
d)      Disqualification of Director.
e)      Extraordinary General Meeting.
f)       Fixed Charge.
4. (a) What is memorandum? Discuss the various clauses of memorandum.                         2+10=12
(b) Distinguish between private company and public company.                                  12
5. (a) Explain the procedures for conversion of share into stock. What are the differences between share and stock? 5+6=11
(b) What is share warrant? How does it differ from share certificate?                      4+7=11
6. (a) What is charge? Explain the procedures of registration of charges.                                3+8=11
(b) What is floating charge? What are the characteristics of floating charges? When floating charges converted to fixed charge?                                2+4+5=11
7. (a) What are the objectives of holding an Annual General Meeting of a company? What are the consequences of not holding such a meeting?                                               5+6=11
(b) “A register of members is not merely a record of members and their particulars but an adequate proof of title to the membership.” Discuss.                                  11
8. (a) Explain the duties of directors in a company.                           11
(b) Who is a Managing Director? How is he appointed? What are the disqualifications of a Managing Director?  2+5+4=11

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