Online Final Examination Fall 2020

Student I.D: _______________ Date: 08/Jan/2021

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Course Title: Corporate Governance Course Code: MGT-611

Program: MBA-90, R, MS Teacher Name: Amir Hamza

Semester: Fall Evening 2020 Marks: 40

Instructions:

Instructions:

Q.1: (a) In order to carry out the routine fuction /affairs of the company the BOD has the power to
manage the affairs of the company without any general or special approval of members but there
are some matters/transactions which require special approval by the members. Discuss the
circumstances when they cannot use their own power (05)
(b) A meeting of ABC company is to be held on today 12:00 am Quorum is present but chairman of
board is absent. Directors are not willing to chair the meeting, members worried that what they
should do, please advise them. (02)

Q.2: (a) As per predefined regulation, the directors can be considered ineligible but according to the
latest regulation of corporate governance, the directors can be disqualified by SECP, for the period
of 5 years, please discuss the reason with regard to aforesaid provisions. (03)
(b) Explain the Mutatis Mutandis rights of proxy, mention which rights cannot exercised by the
proxy, who can be appointd as proxy and what should be the time duration for lodgement of proxy
form (03)

Q.3: (a) Discuss the provisions relating to unclaimed shares, Modaraba certificate and dividends and
their disposal procedure (2.5)
(b) What are the conditions that pave the way for the appointment of administrator of the company,
and to what extend the power can be vested to him what will be the Suemoto action in this regard.
(3.5)

Q.4: (a) Explain the responsibilities of BOD also discuss the conditions in which they are considered
ultra vires of memorandum of association
(2.5)
(b) If the creditors of the company are not satisfied with the current performance of the company,
what options are available to them, to whom they can apply, and how much percentage of paid up
capital of the company they must posses, what option is available for the aggrieved party.
(4.5)
Q.5: (a) the inspector can enter into any premises of company and can check the books etc. there
are some circumstances where he required the search warrant by the majestrate, discuss those
circumstance and also mention that who is boumd to help him (03)
(b) It is considered lawful for the companies to enter into agreements with other companies and
undertaking but there are some agreements that are prohibited between them please discuss such
agreement (03)

Q.6: (a) An south african company “CHESTRIOD ” and Afghani company “MICHAL”s” want to
incorporate a company in the Pakistan. When SECP will permit them for such incorporation and
what will be the procedure for authentication of documents.
(04)
(b) If the company is being winded up, then the contributors has certain wishes, how these wishes
can be ascertain by the court also discuss that how seized rpoerty can be disposed off. (04)