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Name of faculty: Gagandeep Bhatara CourseNo : MGT201 Course Title : COMPANY LAW Class : BBAMBA Semester : Section : Batch : Max. Marks : 15 DOA : DOS :
Objectives of Academic Activity
Submission The objective of the Assignment is as follow: a) To imbibe the habit of analysis. b) Inculcate the habit of interpretation and decision making by doing practical analysis. CASE ANALYSIS on the topics: 1. Company Management 2. Prevention of Oppression and Mismanagement 3. Winding Up 15 cases are given to all the students related to the above mentioned topics Cases are mentioned in the Annexure IV written report.
5 marks for written report. 10 marks for home work based test.
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50 lakhs from state bank by mortgaging the fixed assets of the company. Can A proceed with his petition in the company law board? (b) Indicate also. 25 lakhs and it has no reserves. Case 5: .HOMEWORK-IV COURSE CODE: MGT201 COURSE: COMPANY LAW Case 1: The board of directors of F. a) Advise the company about the steps to be taken for the purpose. They allege that they have been wrongfully removed by the majority from their employment as secretary and factory manager.000 p. Limited has the following proposals to be discussed at the board’s meeting: (i) Appointment of “A” relative of one of the directors. if it is a deemed public company. Ltd. the number of members fell below one-tenth. The company’s paid –up capital is Rs.m. on a salary of Rs. were conducted in a manner oppressive to him and to other members. Case 2: The articles of association of a company provide that the number of directors shall not be less than 3 or more than 12. The present board consists of 12 directors. as a chief accountant of the company (ii) To give guarantee to state bank of India on behalf of AB private ltd. in which a director of the company is also a director (iii) To borrow Rs.G. whether it was necessary for ‘A’ in this case to show circumstances justifying the winding up of the company for an order by the court. The company wants to appoint 3 more directors on the board. Decide Case 4: (a) A shareholder filed a petition complaining that the affairs of XY Co. Advice the board in respect of above proposals in the light of provisions of the companies Act. after having obtained the written consent of one-tenth of shareholders. 25. Some of these shareholders later withdrew their consent and as a consequence. b) What will be the procedure to be adopted by a private limited company which is not a subsidiary of public limited company? Case 3: A petition is filed in the company law board under section 397 by two shareholders of a company.
Indian Automobile Association. Case 7: Mr. one of which controlled majority of shares. RM Company. Case 6: Mr.The directors of a public company have to travel very often for the company’s business. Case 8: A dispute arose between two groups of directors of a company. 2007. Is this in order? Case10: In a public company the following situation have arisen: (i) One of the directors of the company has died and the board of directors wants to fill up the casual vacancy .C. The articles of association of the company also provide that he cannot be removed by the members in general meeting. The minority group had also taken possession of books of accounts and statutory books and consequently the profit and loss account could not be prepared for last two years. P is named as a director for life in the articles of association of M/s XYZ Private Ltd. The petition alleged that the minority group had taken possession and control of the management of the company’s factory workshop. an unlimited company. Some of the members want to remove ‘P’ by passing an ordinary resolution in general meeting. has held the shares within the prescribed time but did not get the shares registered in his name within 2 months of his appointment. The company makes some advances to them for the purpose which sometimes exceeds the actual requirements. Private Ltd. In such a case. A is a director in 14 public limited companies. 1956. (iii). The majority group alleged that it had been rendered absolutely powerless and ineffective by reason of the wrongful and ultra vires activities of the rival group of minority shareholders. which was incorporated on 1st April. The majority group applied to the company law board for relief under section 397 and 398. Decide whether the company law board can consider the petition presented by the majority group. whose articles require the holding of share qualification. B. He is offered directorship of the following: (i). (ii). Case 9: A director of a company. a company registered under section 25 of the Companies Act. would any provision of the Companies Act. State whether the proposed action is valid with reference to the relevant provisions of the Companies Act.
• A private company in which one of the directors of the company is the member. The Board wishes to fill up the casual vacancy by appointing A in the forthcoming meeting. . Case. At the relevant time there are only 9 directors.(ii) One of the directors of the company proposes to visit USA for four months and the board of directors wants to appoint an alternate director in his place. What is the liability of the directors to the company? Case. The board of directors wants to appoint 2 additional directors. a change will occur in the board of directors which would affect prejudicially the company’s affairs. 5 Lakhs on credit. Banerjee is the managing director of a public limited company having a paid-up share capital of Rs. 2 crores. Case 14: Discuss the validity of the following: The Board filled up a casual vacancy by appointing S as a director. The public limited company proposes to enter into a contract with the private limited company to sell to the latter goods of the value of Rs. Due to the negligence of the directors the company was compelled to pay a certain amount of money to a third party. When can such a contract be entered into? Case.13: A director of a public company apprehends that as a result of change in ownership of the shares held in the company. S expired within a few days of his becoming director. Case 15: A public company wants to sell its products to its following customers: • A partnership firm in which two directors of the company are partners. You are requested to advise the company about the steps to be taken for making the above appointments. Advise him. He is also a director and a member of a private limited company. (iii) According to the articles of association of the company the maximum number of directors has been fixed at 11.12: Mr.11: The articles of the company exempted the directors of the company from liability in respect of acts of default and negligence.
1956 for the above transactions. .• A public company in which one of the directors is the director Enumerate the steps to be taken and records to be maintained by the company under the Companies Act.