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THREE L.L.B DEGREE EXAMINATIONS JANUARY-2011.

THIRDSEMESTER
Paper III COMPANY LAW
(Revised Regulations w.e.f. 2009-2010)
Time: 3 Hours
Max Marks: 100
Part-A (Short Answer Questions)
Write short notes on any six questions of the following
Each question carries 4 Marks
(Marks: 6x4=24)
1. Doctrine of ultra virus
2. Promoters.
3. Difference between private company and public
company.
4. Debentures.
5. Advantages of incorporation of a public limited
company.
6. Quorum for the Board meeting.
7. Official liquidator.
8. Prospectus.
9. Statutory Meeting.
Part-B (ESSAY TYPE QUESTIONS)
Answer any Two of the following
Each question carries 18 marks
(Marks: 2x18=36)
10. Describe the doctrine of lifting the corporate veil.

11. What is the procedure for transfer for shares and

restrictions on transfer?
12. What is the position of directors in a public
limited company?
13. What are the various modes of winding-up of
public limited?
Part-c (Case Comment Type questions)
Answer any two questions
Each question carries 20 marks
(Marks: 2x20=40)
14. The Tata Nano Company got power by its articles
of association to issue debentures by passing an
ordinary resolution in the Board of Directors. The
Managing Director issued bonds to a without the
requisite resolution. After two years. A sued the
company for the recovery of money under the
bonds.
15. A buys 100 shares of a public limited company
from B through a stock broker He receives the
share certificate and blank transfer deed signed
by B but not lodge the transfer deed for
registration.

Examine the legal effect of the

unregistered transfer between the Transferor and

transferee.

16. The Board of Directors of Satyam Co. Ltd.

Appointed Raju as the Managing Director and gave
him all powers of management of the companys
affairs. Raju had manipulated the accounts of the
company to show that the company is running on
very sound lines.

But he stated after two years

that he manipulated the accounts. How far he is

responsible for the loss of the shareholders?
17. The executive Director of a company purchased
some stationery for the company but took it to his
house for private use.

The company refused to

pay the supplier of the stationery on the plea that

it never received the stationery. Decide.