Corporate Laws Question Paper 2023
Gauhati University BCOM 2nd SEM
COMMERCE (Honours Core)
Paper: COM-HC-2026
Full Marks: 80
Time: 3 hours
1. Choose the correct answer for the
following questions: 1x10=10
(a) The minimum number of
members in a private company is
(i) 2.
(ii) 4.
(iii) 6.
(iv) 8.
(b) Which one of the
following documents is required to be filed with Registrar of Companies at the
time of incorporation of a public company?
(i) Articles of Association.
(ii) Memorandum of
Association.
(iii) Prospectus.
(iv) All of the above.
(c) The maximum number of
companies in which a person may hold the office of director at the same time is
(i) 8.
(ii) 10.
(iii) 15.
(iv) 20.
(d) The remuneration of
first auditor of a company is fixed by the
(i) Board Directors.
(ii) Managing Director.
(iii) Company Secretary.
(iv) All of the above.
(e) In which year was ‘The
Depository Act’ passed?
(i) 1966.
(ii) 1976.
(iii) 1986.
(iv) 1996.
(f) A Director cannot be
reappointed.
(i) Correct.
(ii) Incorrect.
(g) The office of the
Registrar of Companies is not a public office.
(i) Correct.
(ii) Incorrect.
(h) A person can
incorporate only one “One Person Company”.
(i) Correct.
(ii) Incorrect.
(i) Articles of Association
can be altered by passing a special resolution.
(i) Correct.
(ii) Incorrect.
(j) Dividend cannot be paid
out of capital.
(i) Correct.
(ii) Incorrect.
2. Answer the following questions: 2x5=10
(a) Write the names of four
statutory companies.
(b) What is prospectus?
(c) Write two differences
between Memorandum of Association and Articles of Association.
(d) What is special
resolution?
(e) Who can be appointed as
auditor of a company?
3. Answer the following questions in about 200 words each: (any four) 5x4=20
(a) Write the differences
between private company and public company.
(b) Write the differences
between transfer and transmission of shares.
(c) Briefly state the main
provisions regarding the annual general meeting of a company.
(d) Briefly state the
various types of dividend.
(e) Briefly state the
advantages of depository.
(f) Explain the features of
depository system. Also write the names of two depositories functioning in
India.
4. Answer the following questions in about 600 words each: 10x4=40
(a) What is company? State
the characteristics of a company. 2+8=10
Or
State the various stages
involved in the process of formation of a company. 10
(b) Discuss the procedures
of alteration of (i) Name clause, and (ii) Object clause of Memorandum of
Association. 7+3=10
Or
What is forfeiture of
shares? State the procedures of forfeiture of shares. Also state the effects of
forfeiture of shares. 2+4+4=10
(c) What is the meaning of
‘Director’ and ‘Board of Directors’? Discuss the different types of director of
a company on the basis of provisions of the Companies Act, 2013. 2+8=10
Or
State the functions of the
different committees required to be formed by the Board of Directors of a
company. 10
(d) What is dividend? State
the statutory provisions relating to declaration of dividend by a company. 2+8=10
Or
State the circumstances
under which a company may be wound up by the National Company Law
Tribunal. 10
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