B.Com 2nd Year Question Papers (Distance): Company Law' 2017

Paper: 205
(Company Law)
Full Marks: 90
Time: 3 hours
The figures in the margin indicate full marks for the questions
1. Write ‘True’ or ‘False’:                  1x5=5

a)         In case of private company there is no restriction on transfer of shares.
b)         Share certificate can be issued only in respect of fully paid share.
c)          A floating charge becomes a fixed charge when a company goes into liquidation.
d)         Quorum of general meeting is minimum five members personally present for a public company.
e)         The maximum number of directors in a public as well as private company is twenty.
2. Fill in the blanks:           1x4=4
a)         _______ companies are not required to have any Memorandum or Articles of Association.
b)         The _______ may appoint an additional director.
c)          Share warrant is a _______ instrument.
d)         A mortgage of land is an example of _______ charge.
3. Write short notes on: (any four)                  5x4=20
a)         Prospectus.
b)         Reserve Capital.
c)          Qualification Share.
d)         Certificate of Incorporation.
e)         Extra-ordinary general meeting.
f)          Fixed Charge.
4. (a) What is Memorandum? Discuss the various Clauses of Memorandum of Association.          3+10=13
(b) Discuss the modes of acquisition and termination of membership in a company.  6.5+6.5=13                  
5. (a) Explain the provisions of the Companies Act relating to share transfer.      12
(b) What is Share Warrant? How does it differ from share certificate?     3+9=12
6. (a) What is Charge? Which charges need compulsory registration? Discuss.     3+9=12
(b) Explain the procedure of registration of charges.                  12
7. (a) What is Annual Return? Discuss the particulars needed to be furnished in Annual Returns.                               4+8=12
(b) What are the objectives of holding an annual general meeting? What are the consequences of not holding such a meeting?                           4+8=12
8. (a) What is the position of a director in a company?           4+4+4=12
1)         As an agent.
2)         As a trustee.
3)         As a managing partner.                                                      
(b) Explain the duties of Director in a Company.           12


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