BACHELOR OF COMMERCE (GENERAL) [B. COM. (G)]

Term-End Examination | December, 2025

BCOC-135: COMPANY LAW

Time: 3 Hours

Maximum Marks: 100

Note: Answer any five questions. All questions carry equal marks.

1. (a) Explain "A company limited by guarantee". (5 Marks)

(b) What privileges and exemptions are available to a private company? (15 Marks)

2. What do you mean by Memorandum of Association? Enumerate the different clauses of Memorandum of Association. (20 Marks)

3. (a) What is Insider trading? Why is it illegal? (5 + 3 Marks)

(b) Explain in brief the limitations under the Companies Act regarding payment of remuneration to the managerial personnel. (12 Marks)

4. What are different types of shares which a company can issue? Explain "Equity shares with differential rights as to voting, dividend or otherwise". Can a company issue non-voting shares? (8 + 7 + 5 Marks)

5. "A company is an artificial person created by law with a perpetual succession and is different from the members constituting it." Comment. (20 Marks)

6. Discuss in detail the types of company meetings of shareholders. (20 Marks)

7. (a) What is a deemed prospectus? Explain the provisions of Companies Act, 2013 with respect to deemed prospectus. (10 Marks)

(b) Discuss the liabilities of a Company Secretary in detail. (10 Marks)

8. (a) What all accounts and statements are included in financial statements? (5 Marks)

(b) What are the rights of an auditor? (5 Marks)

(c) Explain the provisions relating to audit. (10 Marks)

9. Write short notes on any four of the following: (4 × 5 = 20 Marks)

(a) Distinction between members and shareholders of a company

(b) Interim dividend

(c) Quorum

(d) Sweat equity shares

(e) Minimum subscription

(f) Incorporation of a company

********************

BACHELOR OF COMMERCE (B. COM.)

Term-End Examination | June, 2025

BCOC-135: COMPANY LAW

Time: 3 Hours

Maximum Marks: 100

Note: Answer any five questions. All questions carry equal marks.

1. (a) What is the meaning of Corporate Veil? Under what circumstances corporate veil can be lifted? (5 + 5 Marks)

(b) Illustrate the doctrine of ultra vires with suitable examples. (10 Marks)

2. (a) When prospectus is not required to be issued? Explain. (5 Marks)

(b) Differentiate between equity and preference shares. Also explain the rules relating to issue and redemption of preference shares. (5 + 5 + 5 Marks)

3. (a) Explain the liabilities of directors towards the company and third parties. Can a director be held liable for criminal liability? (10 + 5 Marks)

(b) Explain different types of resolution that can be passed at an Annual General Meeting. (5 Marks)

4. Explain the content of Articles of Association. What are the limitations on power to alter Articles of Association? (20 Marks)

5. (a) What are the provisions regarding dividend? (5 Marks)

(b) Explain the rules regarding allotment of shares. Also discuss about the procedure of allotment. (10 + 5 Marks)

6. Define member of company. Who can become a member of a company? How is a member different from shareholder of a company? Clarify. (5 + 10 + 5 Marks)

7. (a) How is the Secretary of a company appointed? Also explain the procedure for his/her removal. (5 + 5 Marks)

(b) What are the duties of a Company Secretary? (10 Marks)

8. (a) In the books of accounts of a company, how many types of records should be maintained? (8 Marks)

(b) What are the contents to be included in auditor’s report? (12 Marks)

9. Write short notes on any four of the following: (4 × 5 = 20 Marks)

(a) Doctrine of constructive notice

(b) Difference between winding up and dissolution of a company

(c) Procedure for alteration in object clause

(d) Forfeiture of shares

(e) Proxy

(f) E-filing of documents

**************************

BACHELOR OF COMMERCE (B. COM.)

Term-End Examination | December, 2024

BCOC-135: COMPANY LAW

Time: 3 Hours

Maximum Marks: 100

Note: Attempt any five questions. All questions carry equal marks.

1. Discuss different types of companies on the basis of (a) incorporation, (b) liability, and (c) control. (20 Marks)

2. Who is a promoter of a company? Discuss the functions and legal position of a promoter. (2 + 10 + 8 Marks)

3. What is the meaning and purpose of 'Articles of Association'? Explain the doctrine of indoor management. Are there any exceptions to this doctrine? If yes, explain. (4 + 8 + 8 Marks)

4. (a) What are preference shares? Explain different types of preference shares. (2 + 8 Marks)

(b) Distinguish between rights shares and bonus shares. (10 Marks)

5. (a) What is forfeiture of shares? What is the procedure of forfeiting? What are the effects of forfeiture? (2 + 4 + 6 Marks)

(b) What do you mean by buyback of shares? From what sources the company can buy its own shares? (4 + 4 Marks)

6. What do you mean by member of a company? Explain the rights of a member of a company. When does a member cease to be the member of a company? (2 + 10 + 8 Marks)

7. Who can be appointed as a director? Discuss the liabilities of a director to the company and to the third party. (4 + 8 + 8 Marks)

8. What is Annual General Meeting? What is the purpose of holding it? Enumerate the rules regarding Annual General Meeting. (2 + 3 + 15 Marks)

9. Write explanatory notes on any two of the following: (10 + 10 = 20 Marks)

(a) Doctrine of Ultra vires

(b) National Company Law Appellate Tribunal

(c) Misstatement in a prospectus

(d) Whistle Blowing

*******************

BACHELOR OF COMMERCE (B. COM.)

Term-End Examination | June, 2024

BCOC-135: COMPANY LAW

Time: 3 Hours

Maximum Marks: 100

Note:

1. Answer any five questions.

2. All questions carry equal marks.

1. (a) "Company is an artificial person created by law with a perpetual succession and is different from its members constituting it." Comment. (10 Marks)

(b) What are illegal associations? What are the consequences of forming such associations? (2+8 Marks)

2. Define 'public company' and 'private company'. Enumerate the privileges and exemptions available to a private company. (4+16 Marks)

3. What do you understand by Memorandum of Association? Explain the different clauses which are included in Memorandum of Association. (4+16 Marks)

4. (a) What are sweat equity shares? What are the conditions for issuing sweat equity shares? (12 Marks)

(b) Distinguish between a share and a debenture. (8 Marks)

5. (a) What is forged transfer? What are its consequences? (4+6 Marks)

(b) What is book building? Discuss the advantages of book building. (5+5 Marks)

6. (a) Describe the role and structure of audit committee of a company. (8 Marks)

(b) Discuss the duties of directors of a company. (12 Marks)

7. Define the term 'Secretary' under Companies Act. Who can be appointed as a Secretary of the company? Describe the liabilities of a company secretary. (2+2+16 Marks)

8. (a) What is a resolution? Explain different types of resolutions passed in General Meetings and for what purpose they are required? Explain purpose of each type of resolution. (2+12 Marks)

(b) Who is a Chairman? Why is a Chairman necessary for the meeting? (2+4 Marks)

9. Write explanatory notes on any two of the following: (10+10 = 20 Marks)

(a) Board Meetings

(b) Winding up

(c) Insider Trading

(d) Pre-incorporation contracts

******************

BACHELOR OF COMMERCE (B. COM.)

Term-End Examination

December, 2023

BCOC-135: COMPANY LAW

Time: 3 Hours

Maximum Marks: 100

Note: Answer any five questions. All questions carry equal marks.

1. (a) Distinguish between a public company and a private company.                        10

(b) What are the privileges and exemptions available to a private company?                     10

2. What is name clause in memorandum of association? Describe the procedure for alteration of the name. What are the effects of change of name?                  5,10,5

3. (a) State the rules subject to which the preference shares may be issued and redeemed.                            10

(b) What do you mean by issue of shares at a premium? State the purpose for which the share premium amount can be utilised.                          10

4. (a) What is blank transfer? State the evils associated with blank transfer.                           10

(b) Explain forged transfer. What are the consequences of a forged transfer?                    10

5. Who can be appointed as a director? Explain the liabilities of a director towards the company and third party.     20

6. Distinguish between a member and a shareholder. What are different modes of becoming a member in a company? Explain.                                5, 15

7. Discuss the duties and liabilities of a company Secretary.                           20

8. (a) What is an extraordinary general meeting? How can it be convened?                            12

(b) What is quorum? What happened if there is no quorum in a meeting?                          8

9. Write explanatory notes on any two of the following:                                 10+10

(a) Lifting the corporate veil.

(b) Promoter.

(c) National Company Law Appellate Tribunal.

(d) Global depository receipts.

*************************

BACHELOR OF COMMERCE (B. COM.)

Term-End Examination June, 2023

BCOC-135: COMPANY LAW

Time: 3 Hours

Maximum Marks: 100

Note: (i) Answer any five questions.

(ii) All questions carry equal marks.

1. Define a public company. Distinguish between a public company and a private company. What are the steps necessary for conversion of private company into public company?                                2+10+8

2. What is the meaning and purpose of Memorandum of Association? Explain the various clauses which are included in the Memorandum of Association.                             5+15

3. (a) What is Deemed Prospectus? What are the provisions of the Companies Act, 2013 with respect to deemed prospectus?                       10

(b) Explain shelf prospectus and red herring prospectus.                           10

4. Explain the meaning, features and different types of debentures.                          2+6+12

5. What is allotment of shares? Explain the general and legal rules for the allotment of shares.                     4+8+8

6. (a) Differentiate between transfer and transmission of shares.                                10

(b) Explain the various ways when a person may cease to be a member of a company.                  10

7. Explain the liabilities of directors towards company, towards third party and criminal liability.                  20

8. (a) Explain the different types of resolutions. For what purposes such resolutions are necessary?            8+6

(b) Explain the rules regarding notice of general meeting.                          6

9. Write notes on any two of the following:                          10+10

(a) Winding up of a company.

(b) Interim dividend.

(c) Position of a Company Secretary.

(d) Doctrine of Indoor Management.

*****************

BACHELOR OF COMMERCE (B. COM.)

Term-End Examination

December, 2022

BCOC-135: COMPANY LAW

Time: 3 Hours

Maximum Marks: 100

Note: Answer any five questions. All questions carry equal marks.

1. (a) Describe the main characteristics of a company.                     10

(b) Distinguish between company and limited liability partnership.                        10

2. Explain the duties and liabilities of a promoter.                              20

3. Explain the meaning and purpose of Articles of Association. Discuss the binding effect of Memorandum and Articles. How far are they binding on outsiders?                                  5, 10, 5

4. What is transfer of shares? Explain the procedure for effecting transfer of shares. Discuss the power of the Board of Directors to refuse the registration of transfer of shares.                                2+12+6

5. Who is a director of a company? Who can be appointed as a director of a company? Explain the qualifications and disqualifications of a director.                     4+4+12

6. (a) What is managerial remuneration? What is not included in the managerial remuneration?                  4+6

(b) Discuss the provisions relating to payment of dividend.                        10

7. (a) Discuss the inspection of Books of Accounts of a company. Who are the persons responsible for keeping books of accounts and what is the punishment for not keeping proper books of accounts?                6+6

(b) Who cannot be appointed as an auditor?                    8

8. What is winding-up of a company? How is it different from dissolution? Explain the procedure for winding-up of a company.                            4+6+10

9. Write notes on any of the following:                                   10+10

(a) National Company Law Appellate Tribunal.

(b) Formation of a company.

(c) Doctrine of Indoor Management.

(d) Sweat equity shares.

*********************

BACHELOR OF COMMERCE (B. COM.)

Term-End Examination

June, 2022

BCOC-135: COMPANY LAW

Time: 3 Hours

Maximum Marks: 100

Note: Answer any five questions. All questions carry equal marks.

1. (a) Describe the main characteristics of a company.                     10

(b) What are illegal associations? What are the consequences of forming such associations? 10

2. Discuss the duties and liabilities of a promoter.   20

3. (a) Explain the meaning and purpose of Articles of Association.               6

(b) Explain the ‘doctrine of indoor management’. Are there any exceptions to it? Discuss. 14

4. What is buyback of shares? What are the sources of buyback of shares? Discuss the conditions for the buyback of shares.                  3+5+12

5. Discuss the statutory and contractual liabilities of a Company Secretary.            20

6. (a) Explain the requisites of a valid meeting.                    12

(b) What is special resolution? Discuss the purposes of special resolution.                          8

7. Describe the different clauses which are included in Memorandum of Association.   20

8. Distinguish between the following:                     10+10

(a) Share and Debenture

(b) Share and Stock

9. Write an explanatory note any two of the following:                   10+10

(a) Private Company.

(b) Proxy.

(c) Compulsory Winding up.

(d) Removal of a Director.

**************************

BACHELOR’S DEGREE PROGRAMME

Term-End Examination

December, 2021

BCOE-108/ECO-08: COMPANY LAW

Time: 2 hours

Maximum Marks: 50

(Weightage: 70%)

Note: Answer any five questions. All questions carry equal marks.

1. What is meant by ‘‘Lifting the Corporate Veil’’? State in detail any four circumstances under which ‘‘the corporate veil can be lifted.’’                           2+8

2. (a) What are the different types of companies? Discuss.

(b) What is an illegal association? What are its consequences?                                                5+5

3. What is Memorandum of Association? Explain its various clauses.                         2+8

4. (a) Point out the differences between ‘‘Share certificate’’ and ‘‘Share warrant’’.

(b) Enumerate the rules for issue of shares at a premium.                          5+5

5. Discuss the liabilities of Directors. Can a company be appointed as a Director?                 8+2

6. Explain various types of company resolutions. Can a company’s Annual General Meeting be held at any time and at any place? Discuss.                          8+2

7. What is compulsory winding up? State the circumstances under which tribunal can order such winding up of a company?                           3+7

8. What is forfeiture of shares? What are the effects of forfeiture? Can such shares be reissued? Discuss.                 3+5+2

9. Write short notes on any two of the following:                               5+5

(a) Doctrine of Ultra Vires.

(b) Company Secretary.

(c) Minimum Subscription.

(d) Preliminary Contracts.

*******************

BACHELOR OF COMMERCE (BCOM)

Term-End Examination

December, 2021

BCOC-135: COMPANY LAW

Time: 3 hours

Maximum Marks: 100

Note: Answer any five questions. All questions carry equal marks.

1. Describe the concept of Corporate Veil. Under what circumstances can this veil be lifted? Explain.         20

2. (a) What do you mean by incorporation of a company? What are the effects of registration of a company?        2+10

(b) Describe the procedure of converting a public company into a private company.                       8

3. (a) Explain doctrine of ultra vires with suitable examples.                          10

(b) Distinguish between Memorandum of Association and Articles of Association.                           10

4. What is forfeiture of shares? What are the legal rules and effects of forfeiture of shares? How is it different from surrender of shares?                       4+12+4

5. (a) Who can become a member of a company? Explain.                             10

(b) What are sweat equity shares? What are the conditions for issuing sweat equity shares?      10

6. (a) What is private placement of shares? Discuss the conditions to be satisfied for private placement of shares.    10

(b) Distinguish between Rights shares and Bonus shares.                            10

7. Discuss the powers of a Director.                          20

8. (a) What is interim dividend? Discuss the provisions under the Companies Act relating to interim dividend.        10

(b) Explain the ‘Just and Equitable’ grounds for winding up of a company.                           10

9. Write explanatory notes on any two of the following:                  10+10

(a) Managerial Remuneration.

(b) Deemed Prospectus.

(c) National Company Law Tribunal.

(d) Resolutions.

***