*02020621* 0202/0621

II Semester 3 Year LL.B./VI Semester 5 Years B.A.LL.B./B.B.A.LL.B.

Examination, December 2016
COMPANY LAW

Duration : 3 Hours Max. Marks : 100

Instructions : 1. Answer Q. No. 9 and any five of the remaining questions.

2. Q. No. 9 carries 20 marks and the remaining questions
carry 16 marks each.
3. Answers should be written either in English or Kannada
only.
ÓÜãaÜ®æWÜÙÜá : 1. ±ÜÅÍæ° 9 ÊÜáñÜᤠC®Üá°Ú¨Ü ±ÜÅÍæ°WÜÙÜÈÉ ¿ÞÊÜâ¨æà I¨Üá ±ÜÅÍæ°WÜÙÜ®Üá° EñܤÄÔÄ.
2. ±ÜÅÍæ° 9 PæR 20 AíPÜWÜÙÜá ÖÝWÜã C®Üá°Ú¨Ü ±ÜÅÍæ°WÜÚWæ ñÜÇÝ 16 AíPÜWÜÙÜá.
3. EñܤÃÜWÜÙÜ®Üá° BíWÜÉ »ÝÐæ¿áÇÝÉWÜÈ A¥ÜÊÝ PܮܰvܨÜÇÝÉWÜÈ ŸÃæ¿áñÜPÜR¨Üáª.

Q. No. 1. Explain the circumstances in which the “Corporate Veil” of the

company will be lifted by the court. Marks : 16
®Ý¿ÞÆ¿á©í¨Ü PÜí±Ü¯¿á ÓÜíÓݧ ÓÜÌÃÜã±Ü¨Ü ÊÜááÓÜáPÜ®Üá° ÓÜÄÓÜÆá ¯àvÜáÊÜ
B¨æàÍÜPæR CÃÜáÊÜ ÓÜí¨Ü»ÜìWÜÙÜ®Üá° ËÊÜÄÔ.

Q. No. 2. “Company cannot be sued for pre-incorporation contracts.”

Discuss. Marks : 16
""ÓÜíÓݧ±Ü®Ý ±ÜäÊÜì PÜÃÝÃÜáWÜÚWæ PÜí±Ü¯¿á ËÃÜá¨Üœ ¨ÝÊæ ÖÜãvÜáÊÜí£ÆÉ.''
aÜbìÔÄ.

Q. No. 3. Explain the doctrine of Indoor Management with exceptions. Marks : 16

JÙÝvÜÚñÜ Ô¨ÝœíñÜ樆 áÜ ° A±ÜÊݨÜWÙÜ ã
æ í©Wæ ËÊÜÄÔ.

Q. No. 4. Define “Prospectus”. What are the remedies available for

misrepresentation in the prospectus ? Explain. Marks : 16
""±ÜÄaÜ¿á ±ÜñÅÜ ''ÊÜ®áÜ ° ÊÝÂTݯÔ. ±ÜÄaÜ¿á ±ÜñÅÜ ¨È
Ü É®Ü ñܱâÜ ³ ÖæàÚPæWÚÜ Wæ CÃÜáÊÜ
±ÜÄÖÝÃÜWÜÙÝÊÜâÊÜâ ? ËÊÜÄÔ.

P.T.O.
0202/0621 -2- *02020621*

Q. No. 5. State the powers and duties of directors in the company. Marks : 16
PÜí±Ü¯¿á ¯¨æàìÍÜPÜÃÜ A—PÝÃÜ ÊÜáñÜᤠPÜñÜìÊÜÂWÜÙÜ®Üá° £ÚÔÄ.

Q. No. 6. Explain the different types of share capital. Marks : 16

ÍæàÃÜá ŸívÜÊÝÙÜ¨Ü ËË«Ü ±ÜÅPÝÃÜWÙÜ ®Ü áÜ ° ËÊÜÄÔ.

Q. No. 7. Discuss the members’ voluntary winding up of the company. Marks : 16

ÓܨÓÜ ÂÜ ÃÜ ÓÜÌ&CaæfÀáí¨Ü PÜí±Ü¯¿á ÓÜÊÞ
Ü ±Ü®¿
æ á PÜáÄñÜá aÜbìÔ.

Q. No. 8. Write short notes on any two of the following : Marks : 8×2=16
PæÙXÜ ®Ü ¿ÞÊÜâ¨Ý¨ÜÃã
Ü GÃÜvPÜ Ræ ÆZá q±Ü~
³ ŸÃæÀáÄ :
a) Doctrine of ultra vires.
A—PÝÃÝ£àñÜ Ô¨ÝœíñÜ.
b) Forfeiture of shares.
ÍæàÃÜáWÜÙÜ ÊÜááoárWæãàÆá.
c) Rule laid down in “Foss V/s Harbottle”.
""´æäàӅ ËÃÜá¨Üœ ÖÜÃܸÝoDž'' ±ÜÅPÜÃÜ|¨ÜÈÉ®Ü ¯¿áÊÜá.

Q. No. 9. Solve any two of the following problems : Marks : 2×10=20

PæÙXÜ ®Ü ¿ÞÊÜâ¨Ý¨ÜÃã
Ü GÃÜváÜ ÓÜÊáÜ ÓæÂWÜÚWæ ±ÜÄÖÝÃÜ £ÚÔÄ :
a) ‘A’ transferred certain land to ‘B’ on a condition that ‘B’ would
never sell the land to coloured persons. ‘B’ sold the land to a
company composed exclusively of Negros. ‘A’ took action for
the annulment of the transfer on the ground that property had
passed to coloured persons. Will he succeed ?
"A' ñܮܰ »ÜãËá¿á®Üá° ÊÜ~ìà¿á g®ÜÄWæ ÊÜÞÃܸÝÃܨæíŸ ÐÜÃÜ£¤®æãí©Wæ
"Ÿ'¯Wæ ÊÜÞÃÜáÊÜ®Üá. "Ÿ' ®Üá A¨Ü®Üá° ¯WæãÅàWÜÚí¨ÜÇæà PÜãw¨Ü PÜí±Ü¯Wæ
ÊÜÞÃÜáñݤ®æ. "A' ®Üá ñܮܰ ÐÜÃÜñÜᤠEÆÉíZ®æ¿ÞX¨æ GíŸ PÝÃÜ|¨Ü ÊæáàÇæ
ÊÜÞÃÝoÊÜ®Üá° ÃܨÜáªWæãÚÓÜáÊÜíñæ ¨ÝÊæ ÖÜãvÜáÊÜ®Üá. AÊÜ®Üá g¿á
WÜÚÓÜáÊÜ®æà ?
*02020621* -3- 0202/0621

b) A Company’s Articles provides that a member who becomes

bankrupt shall often for sale of his shares to other share holders
at the price fixed by the directors. Decide the validity of the
provision.
Jí¨Üá PÜí±Ü¯¿á ÈUñÜ PÜorÙæ¿áá ñܮܰ ÓܨÜÓÜÂÃÜá ©ÊÝÚ¿ÞX¨ÜªÈÉ BñÜ®Üá
ñÜ®æ°ÇÝÉ ÍæàÃÜáWÜÙÜ®Üá° CñÜÃÜ ÍæàÃÜá¨ÝÃÜÄWæ PÜí±Ü¯¿á ¯¨æàìÍÜPÜÃÜá
WæãñÜᤱw
Ü Ô¨Ü ¸æÇWæ æ ÊÜÞÃÝo ÊÜÞvܸàæ PæíŸ ¯¿áÊÜáÊÜ®áÜ ° Öæãí©ÃÜáñܤ¨.æ
D ¯¿áÊÜÞÊÜÚ¿á FiìñÜñæ¿á®Üá° ¯«ÜìÄÔ.
c) The directors of a company by two resolutions resolved to
make a call. But neither resolutions have specified the date
and amount of payment. Is the call valid ?
Jí¨Üá PÜí±Ü¯¿á ¯¨æàìÍÜPÜÃÜá ÍæàÃÜáWÜÙÜ Êæáà騆 PÜíñÜá ÖÜ|PÝRX GÃÜvÜá
WæãñÜá¤ÊÚÜ WÜÙÜ ÊÜáãÆPÜ PÜÃæ ÊÜÞw¨ÜÃáÜ , B¨ÜÃæ ¿ÞÊÜâ¨æà WæãñÜá¤ÊÚÜ ¿áÆãÉ
©®ÝíPÜ ÊÜáñÜᤠÖÜ|¨Ü ÊæãñܤÊÜ®Üá° ®ÜÊÜáã©ÔÃÜáÊÜâ©ÆÉ . D PÜÃæ¿áá
FiìñÜÊæà ?
________________
*204702020621* 2047/0202/0621

II Semester 3 Year LL.B./VI Semester 5 Year B.A.LL.B. (Maj.-Min.)/

B.B.A.LL.B./VI Semester 5 Year B.A./B.B.A.LL.B. (New/Old)
Examination, December 2017
COMPANY LAW
Duration : 3 Hours Max. Marks : 100

Instructions : 1. Answer Q. No. 9 and any five of the remaining questions.

2. Q. No. 9 carries 20 marks and the remaining questions
carry 16 marks each.
3. Answer should be written either in English or Kannada
completely.

Q. No. 1. Define company. Discuss the merits of incorporation. Marks : 16

PÜí±Ü¯¿á®Üá° ÊÝÂTݯÔ. PÜí±Ü¯ ¯WÜËáàPÜÃ|
Ü WæãÚÔÃÜáÊÜâ¨ÜÄí¨Ü BWÜáÊÜ ÇÝ»ÜWÙÜ ®Ü áÜ ° aÜbìÔ.
Q. No. 2. Explain the doctrine of Indoor Management. State the exceptions,
if any. Marks : 16
JÙÝvÜÚñÜ Ô¨ÝœíñÜ樆 áÜ ° ËÊÜÄÔ. A¨ÜPRæ A±ÜÊݨÜWÚÜ ¨ÜÈ
ª É £ÚÔ.
Q. No. 3. Who is a promoter ? What are his powers and liabilities ? Marks : 16
±ÜÅÊñÜ ì
Ü PÜ Gí¨ÜÃæ ¿ÞÃÜá ? BñÜ®Ü A—PÝÃÜ ÖÝWÜã ÖæãOæWÝÄPæWÙÜ ÝÊÜâÊÜâ ?
Q. No. 4. What is prospectus ? What are the remedies available for
mis-representation in prospectus ? Marks : 16
±ÜÄaÜ¿á ±ÜñÜÅ Gí¨ÜÃæà®Üá ? ±ÜÄaÜ¿á ±ÜñÜŨÜÈÉ®Ü ñܱÜâ³ ¯ÃÜã±ÜOæWæ
¨æãÃæ¿ááÊÜ ±ÜÄÖÝÃÜWÜÙÝÊÜâÊÜâ ?
Q. No. 5. Discuss the general principles and statutory restrictions for allotment
of shares. Marks : 16
ÍæàÃÜá ÖÜíbPæ¿á ÓÝÊÜޮܠ¯¿áÊÜáWÜÙÜ ÖÝWÜã ÍÝÓܮܟ¨Üœ ¯Ÿìí«ÜWÜÙÜ®Üá°
aÜbìÔ.
Q. No. 6. Explain the rule laid down in Foss V. Harbottle. State the exceptions,
if any. Marks : 16
´ÝӅ Ë. ÖÜŸÝoDž ±ÜÅPÜÃÜ|¨ÜÈÉ ÖæàÚ¨Ü ¯¿áÊÜáÊÜ®Üá° ËÊÜÄÔ.
A¨ÜPæRà®Ý¨ÜÃÜã A±ÜÊݨÜWÜڨܪÈÉ £ÚÔ.
P.T.O.
2047/0202/0621 *204702020621*

Q. No. 7. State the circumstances under which tribunal can order for winding up of
a company. Marks : 16
®Ý¿ޗàPÜÃÜ|ÊÜâ ¿ÞÊÜ ÓÜí¨Ü»ÜìWÜÙÜÈÉ PÜí±Ü¯¿á®Üá° ËÓÜiìÓÜÆá
B¨æàÎÓÜáñܤ¨æ GíŸá¨Ü®Üá° £ÚÔ.
Q. No. 8. Write short notes on any two of the following : Marks : 2×8=16
PæÙXÜ ®Ü ¿ÞÊÜâ¨Ý¨ÜÃã
Ü GÃÜvPÜ Ræ ÆZá q±Ü~
³ ŸÃæÀáÄ :
a) One person company.
HPÜÊÜÂQ¤ PÜí±Ü¯.
b) Pre-incorporation contracts.
¯WÜËáàPÜÃÜ|&±ÜäÊÜì PÜÃÝÃÜáWÜÙÜá.
c) Dividend.
ÇÝ»ÝíÍÜ.
Q. No. 9. Solve any two of the following : Marks : 2×10=20
PæÙXÜ ®ÜÊâÜ WÜÙÈ
Ü É ¸æàPÝ¨Ü GÃÜvPÜ Ræ EñܤÄÔ :
a) During the war all the members of a private company while
in general meeting were killed by a bomb.
Does the company cease to exist ? Decide.
¿áá¨Ü¨œ Ü ÓÜÊáÜ ¿á¨ÜÈÉ TÝÓÜX PÜí±Ü¯Áãí¨ÜÃÜ ÓÝÊÜޮܠÓÜ»æ ®Üv¿
æ áᣤ¨ÝªWÜ ¸Ýí¸…
Óæã–ào BX GÆÉ ÓܨÜÓÜÂÃÜá ÓÜñܤÃÜá.
PÜí±Ü¯¿á AÔ¤ñÜÌ Pæã®æWæãíw¨æÁáà ? £àÊÜÞì¯Ô.
b) One of the objects of the company ‘M’ was to manufacture
mechanical spares and to market them.
The company ‘M’ intended to manufacture gold ornaments
and to sell them. Advise ‘M’ company.
PæçWÝÄPÝ ¹w»ÝWÜWÜÙÜ®Üá° ñÜ¿ÞÄÔ ÊÜáñÜᤠÊÜÞÃÜáPÜpær ÊÜÞvÜáÊÜ E¨æªàÍÜ©í¨Ü "Gí'
PÜí±Ü¯ Óݧ±Ü®æ¿ÞXÃÜáñܤ¨æ. "Gí' PÜí±Ü¯¿áá b®Ü°¨Ü JvÜÊæWÜÙÜ®Üá° ñÜ¿ÞÄÔ ÊÜáñÜá¤
ÊÜÞÃÝo ÊÜÞvÜÆá Ÿ¿áÓÜáñܤ¨æ. "Gí' PÜí±Ü¯Wæ ÓÜÆÖæ Pæãw.
c) A company’s Articles provides that a member who becomes
bankrupt shall offer for sale of his shares to other share
holders at the price fixed by the directors. Decide the validity
of the provision.
Jí¨Üá PÜí±Ü¯¿á ÈUñÜ PÜoÙr ¿ æ áá ñÜ®°Ü ÓܨÓÜ ÂÜ ÃÜá ©ÊÝÚ¿Þ¨ÜÃæ BñÜ®áÜ ñÜ®Ç °æ ÝÉ
ÍæàÃÜáWÜÙ®Ü áÜ ° CñÜÃÜ ÍæàÃÜá¨ÝÃÜÄWæ PÜí±Ü¯ ¯¨æàìÍÜPÃÜ áÜ WæãñÜᤠ±Üwst ¸æÇWæ æ ÊÜÞÃÝo
ÊÜÞvܸàæ PæíŸ ¯¿áÊÜá Öæãí©ÃÜáñܤ¨.æ D ¯¿áÊÜÞÊÜÚ¿á FiìñÜñ¿ æ á®Üá° ¯«ÜìÄÔ.
________________
*02020621* 0202/0621
II Semester of Three Year LL.B./VI Semester of B.A. LL.B./B.B.A. LL.B.
Examination, December 2012
COMPANY LAW (Course – II)
Duration : 3 Hours Max. Marks : 100
Instructions : 1. Answer all 5 questions.
2. One essay type questions and one short note question or
problem from each Unit which is referred as Part (a) and
Part (b) in all the Units.
3. Figures to the right indicate marks.
4. Answer should be written either in English or Kannada
completely.

UNIT – I

Q. No. 1. (a) Explain the doctrine of “Lifting the corporate veil”. Marks : 15
""ÓÜíÓݧ ÓÜÌÃÜã±Ü¨Ü ÊÜááÓÜáQ®Ü GñÜá¤ËPæ '' ԨݜíñÜÊÜ®Üá° ËÊÜÄÔÄ.
OR/A¥ÜÊÝ
State the formalities to be completed for the formation of a
company. Discuss the effects of issue of certificate of
incorporation.
Jí¨Üá PÜí±Ü¯¿á®Üá° ÃÜbÓܸæàPݨÜÃæ ±ÜäÃæçÓܸæàPÝ¨Ü L±ÜaÝÄPÜñæWÜÙÜ®Üá°
ÖæàÚÄ. PÜí±Ü¯¿á ÓÜíÁãàg®Ý ±ÜÅÊÜÞ| ±ÜñÜÅÊÜ®Üá° PæãvÜáÊÜâ¨ÜÄí¨Ü
BWÜáÊÜ ±ÜÄOÝÊÜáWÜÙÜ®Üá° aÜbìÔÄ.
(b) Write a brief note on “Name clause”. Marks : 5
""ÖæÓÜÄ®Ü SívÜ ''¨Ü ÊæáàÇæ Jí¨Üá ÓÜíQұܤ q±Ü³~ ŸÃæÀáÄ.
OR/A¥ÜÊÝ
‘X’ Company by passing special resolution in its general
meeting makes alteration in its objects. However company
did not obtain the permission from the company law board for
the alteration. Is this alteration valid ?
‘X’ PÜí±Ü¯¿ááñܮܰ ÓÝÊÜޮܠÓÜ»æ¿áÈÉ Jí¨Üá ËÍæàÐÜ WæãñÜá¤ÊÜÚ¿á®Üá°
AíXàPÜÄÔ ñܮܰ E¨æªàÍÜWÜÙÜ®Üá° Ÿ¨ÜÇÝÊÜOæ ÊÜÞvÜáñܤ¨æ. B¨ÝWÜãÂ
PÜí±Ü¯¿áá D Ÿ¨ÜÇÝÊÜOWæ æ PÜí±Ü¯ PÝ®Üã®Üá ÊÜáívÜÚ¿á A®ÜáÊÜ᣿á®Üá°
±Üvæ©ÃÜÈÆÉ. D Ÿ¨ÜÇÝÊÜOæ FiìñÜÊæà ?
P.T.O.
0202/0621 -2- *02020621*
UNIT – II
Q. No. 2. (a) Define prospectus. State its contents. Marks : 15
±ÜÄaÜ¿á ±Ü£ÅPæ¿á®Üá° ÊÝÂTݯÔÄ. A¨ÜÃÜ JÙÝíÍÜWÜÙÜ®Üá° ÖæàÚÄ.
OR/A¥ÜÊÝ
Make a note on Annual General Meeting and its importance.
ÊÝÑìPÜ ÊÜáÖÝÓÜ»æ ÊÜáñÜᤠA¨ÜÃÜ ±ÝÅÊÜááSÂñæ ŸWæY Jí¨Üá q±Ü³~ ÊÜÞwÄ.
(b) Directors of a company executed a bond in favour of ‘A’. The
Directors had the powers in the articles to issue bonds
provided they were authorised by a proper resolution of the
company. In fact, no such resolution was passed. Whether
the bond executed in favour of ‘A’ is legally valid ? Marks : 5
Jí¨Üá PÜí ±Ü¯¿á ¯¨æàìÍÜPÜÃÜá ‘A’ ¯Wæ Jí¨Üá ÊÜááaÜcÚPæ ŸÃæ¨Üá
PæãvÜáñݤÃæ. PÜí±Ü¯¿á ÈUñÜ PÜorÙæWÜÙÜ ÊæáÃæWæ PÜí±Ü¯¿áá PÜÅÊÜ៨ܜÊÝX
WæãñÜá¤ÊÜÚ AíXàPÜÄÔ ¯¨æàìÍÜPÜÄWæ A—PÝÃÜ ¯àw¨ÝWÜ ÊÜÞñÜÅ AÊÜÃÜá D
Äࣿá ÊÜááaÜcÚPæ PæãvܟÖÜá¨ÝXñÜá¤. ¯gÊÝX CíñÜÖÜ ¿ÞÊÜ WæãñÜá¤ÊÜÚ
AíXàPÜÄÔÃÜÈÆÉ . ‘A’ ¯Wæ PÜí±Ü¯ ¯àw¨Ü ÊÜááaÜcÚPæ PÝ®Üã®Üá ÓÜÊÜá¾ñÜÊæà ?
OR/A¥ÜÊÝ
‘R’ applied for shares in a company on the basis of a
prospectus containing the names of several persons as
Directors. But before allotment took place there were changes
in the directorate some directors having retired. Can ‘R’ avoid
the allotment ?
Jí¨Üá PÜí±Ü¯¿á ±ÜÄaÜ¿á ±ÜñÅÜ ¨ÈÜ É ÖÜÆÊÜâ g®ÜÃÜ ÖæÓÃÜ ®Ü áÜ ° ¯¨æàìÍÜPÃÜ íæ ¨Üá
PÝ~ԨܪÄí¨Ü ‘R’ Gí¸ÝñÜ®Üá B PÜí±Ü¯¿á ÍæàÃÜáWÜÙÜ®Üá° PæãÙÜÛÆá Aiì
ÖÝPÜáñݤ®æ. ÍæàÃÜáWÜÙÜá ÖÜíbPæ¿ÞWÜáÊÜ Êæã¨ÜÇæà PæÆÊÜÃÜá ¯ÊÜêñܤÃݨÜ
ÊÜáãÆPÜ ¯¨æàìÍÜPÜ ÊÜáívÜÚ¿áÈÉ PæÆÊÜ⠟¨ÜÇÝÊÜOæWÜÙݨÜÊÜâ. ‘R’®Üá
ÍæàÃÜáWÜÙÜá ñÜ®ÜWæ ÖÜíbPæ¿ÞWÜáÊÜâ¨ÜÄí¨Ü ñܲ³ÔPæãÙÜÛÆá ŸÃÜáñܤ¨æÁáà ?
UNIT – III
Q. No. 3. (a) Discuss the provisions of the Companies Act 1956 for the
prevention of oppression and mismanagement. Marks : 15
¨Ü¸ÝºÚPæ ÊÜáñÜᤠ¨ÜáÃÝvÜÚñÜ ñÜvæWÜorÆá PÜí±Ü¯ A—¯¿áÊÜá 1956
Aw¿áÈÉ¿á E±ÜŸí«ÜWÜÙÜ®Üá° aÜbìÔÄ.
OR/A¥ÜÊÝ
Who can apply for Winding Up ? Explain the consequences of courts
winding up order.
PÜí±Ü¯ ÓÜÊÜޱܮæWæ ¿ÞÃÜá Aiì ÓÜÈÉÓܟÖÜá¨Üá ? PÜí±Ü¯ ÓÜÊÜޱܮæ
®Ý¿ÞÆ¿á¨Ü B¨æàÍÜ¨Ü ±ÜÄOÝÊÜáWÜÙÜ®Üá° ËÊÜÄÔÄ.
*02020621* -3- 0202/0621
(b) ‘A’ and ‘B’ were only share holders as well as directors of a
Private Company. Some serious differences developed
between them and they became hostile with each other. ‘A’
seeks legal advise from you. Advise ‘A’. Marks : 5
‘A’ ÊÜáñÜᤠ‘B’
CÊÜğºÃæà Jí¨Üá TÝÓÜX PÜí±Ü¯¿á ÍæàÃÜá¨ÝÃÜÃÜá ÊÜáñÜá¤
¯¨æàìÍÜPÜÃÝX¨ÜªÃÜá. ñÜÃÜáÊÝ¿á AÊÜğºÃæãÙÜWæ ¼®Ý°¼±ÝÅ¿áWÜÙÜá Ÿí¨Üá
ÖÜWæñÜ®Ü ¸æÙæÀáñÜá. ‘A’ ®Üá ¯Ëá¾í¨Ü PÝ®Üã®Üá ÓÜÆÖæ PæàÙÜáñݤ®æ. ‘A’Wæ
ÓÜÆÖæ ¯àw.
OR/A¥ÜÊÝ
‘X’ applied for some shares in ‘Y’ Company. His application
was sent by post. A letter of allotment was despatched by
the company soon after. But the letter never reached to ‘X’.
Decide the liability of ‘Y’.
‘X’ ®Üá ‘Y’ PÜí±Ü¯¿áÈÉ ÍæàÃÜáWÜÚWÝX Aiì¿á®Üá° ÖÝQ¨Ýª®æ. AÊÜ®Üá
Aiì¿á®Üá° Aíaæ ÊÜáãÆPÜ PÜÙÜá×Ԩݪ®æ. PÜí±Ü¯¿áá ¸æàWÜ®æ ÍæàÃÜáWÜÙÜ
ÖÜíbPæ ±ÜñÅÜ Ê®Ü áÜ ° AÊܯWæ PÜÙáÜ ×ÔPæãqrñáÜ . A¨ÜÃæ B ±ÜñÅÜ ÊâÜ ‘X’Wæ ñÜÆá±ÜÇàæ
CÆÉ. ‘Y’®Ü ¸Ý«ÜÂñæ¿á®Üá° £àÊÜÞì¯ÔÄ.

UNIT – IV
Q. No. 4. (a) Explain the procedure, powers and functions of the Securities
Appellate Tribunal under SEBI Act 1992. Marks : 15
Óæ¹ A—¯¿áÊÜá 1992ÃÜ Aw¿áÈÉ ÍæàÃÜá Êæáàƾ®ÜË
®Ý¿ޗPÜÃÜ|¨ÜÈÉ¿á ±ÜÅQÅÁá, A—PÝÃÜWÜÙÜá ÊÜáñÜᤠPÝ¿áìWÜÙÜ®Üá°
ËÊÜÄÔÄ.
OR/A¥ÜÊÝ
Discuss when and how the Central Government can suspend
business of a Stock Exchange under the Securities Contracts
(Regulation) Act.
»Ü¨ÜÅñÝ ±ÜñÜÅWÜÙÜ PÜÃÝÃÜá (¯¿áíñÜÅ|) A—¯¿áÊÜá¨Üw¿áÈÉ ÖæàWæ ÊÜáñÜá¤
¿ÞÊÜ ÓÜí¨Ü»ÜìWÜÙÜÈÉ Pæàí¨ÜÅ ÓÜPÝìÃÜÊÜâ ÓÝrP… ˯ÊÜá¿á ÊݱÝÃÜ ÃܨÜáª
ÊÜÞvÜáÊÜâ¨ÜÃÜ ŸWæY aÜbìÔ.
(b) Write a note on Management of SEBI. Marks : 5
Óæ¹¿á ¯ÊÜìÖÜOæ (ÊÜÂÊÜÓݧ±Ü®æ ) ŸWæY Jí¨Üá q±Ü³~ ŸÃæÀáÄ.
OR/A¥ÜÊÝ
Listing of Securities.
ÓæPÜáÂÄqàӅ ±Üqr ÊÜÞvÜáÊÜâ¨Üá.
0202/0621 -4- *02020621*
UNIT – V

Q. No. 5. (a) Explain the provisions relating to various Penalties and

enforcement of the orders of Adjudicating authority under
the FEMA Act 1999. Marks : 15
˨æàΠ˯ÊÜá¿á ÊÜÂÊÜÓݧ±Ü®æ A—¯¿áÊÜá 1999ÃÜ Aw¿áÈÉ ËË«Ü
gáÇݾ®æWÜÙÜá, (¨ÜívÜWÜÙÜá) ÊÜáñÜᤠ®ÝÂ¿á ¯|ì¿á ±ÝŗPÝÃܨÜ
B¨æàÍÜWÜÙÜ®Üá° hÝÄWæãÚÓÜáÊÜ ŸWæY CÃÜáÊÜ E±ÜŸí«ÜWÜÙÜ®Üá° ËÊÜÄÔÄ.
OR/A¥ÜÊÝ
Discuss the powers of the Competition Commission of India
to enquire into agreements and dominant position of enterprise
under the Competition Act 2002.
±æç±æäàq A—¯¿áÊÜá 2002 ÃÜ Aw¿áÈÉ PÜÃÝÃÜáWÜÙÜ ÊÜáñÜᤠE¨ÜÂÊÜá
±ÜÅ»ÜáñÜÌ Óݧ®ÜWÜÙÜ ŸWæY ËaÝÃÜOæ ÊÜÞvÜÆá »ÝÃÜñÜ¨Ü ±æç±æäàq
BÁãàWÜQRÃÜáÊÜ A—PÝÃÜWÜÙÜ®Üá° aÜbìÔÄ.
(b) Write short note on : Marks : 5
ÆZá q±Ü³~ ŸÃæÀáÄ :
Adjudicating Authority (FEMA)
®ÝÂ¿á ¯|ì¿á A—PÝÄ (´æÊÜÞ) (ËËÊÜÂA)
OR/A¥ÜÊÝ
Enterprise (Competition Act)
E©ªÊæá (±æç±æäàq A—¯¿áÊÜá).
________________
*02020621* 0202/0621
Second Semester of Three Year LL.B./Sixth Semester of 5yr. B.A. LL.B,
B.B.A. LL.B. Examination, June/July 2012
COMPANY LAW (Course – II)
Duration : 3 Hours Max. Marks : 100

Instructions : 1. Answer all 5 Questions.

2. One essay type and one short note question or problem
from each Unit to be attempted, which is referred as Part (a)
and (b) in all the Units.
3. Figures to the right indicate marks.
4. Answer should be written either in English or Kannada
completely.

UNIT – I

Q. No. 1. (a) What is meant by “lifting the corporate veil” ? Discuss when
the court lifts the veil. Refer to decided cases. Marks : 15
¯WÜÊÜá¨Ü ±ÜÃܨæ ÓÜÄÓÜáËPæ Gí¨ÜÃæà®Üá ? ®Ý¿ÞÆ¿á ¿ÞÊÜ ÓÜí¨Ü»ÜìWÜÙÜÈÉ
¯WÜÊÜá¨Ü ±ÜÃܨæ¿á®Üá° ÓÜÄÓÜáñܤ¨æ ? CñܦìñÜ ÊÝÂgÂWÜÙæãí©Wæ aÜbìÔ.
OR/A¥ÜÊÝ
What are the essential ingredients of a Memorandum of
Association ? How can a memorandum be altered ?
ËÊÜÃÜ| ±ÜñÜŨÜÈÉÃܸæàPÝ¨Ü ÊÜááS AíÍÜWÜÙÝÊÜâÊÜâ ? ËÊÜÃÜ| ±ÜñÜÅÊÜ®Üá° ÖæàWæ
Ÿ¨ÜÇÝÀáÓܟÖÜá¨Üá ?
(b) While in General Body Meeting, all the members of a private
company were killed by a bomb during war. Does the company
cease to exist ? Marks : 5
TÝÓÜX ÓÜíÓæ¿
§ á ÓÜ»æ ®Üv¿ æ áᣤ¨ÝªW,Ü ¿áá¨Ü¨
œ Ü ÊæàÙæ¿áÈÉ ¸Ýí¸… Óæãà– o©í¨Ü
GÇÝÉ ÓܨÜÓÜÂÃÜá ÓÜñܤÃÜá. PÜí±Ü¯ Pæã®æWÝ|áÊÜâ¨æà ?
OR/A¥ÜÊÝ
Certificate of Commencement of Business.
ÊݱÝÃÜ ±ÝÅÃÜí»Ü ±ÜÅÊÜÞ| ±ÜñÜÅ.
P.T.O.
0202/0621 -2- *02020621*
UNIT – II

Q. No. 2. (a) Who are liable for misstatements in prospectus ? Explain the
extent of civil and criminal liability of such misstatements. Marks : 15
Jí¨Üá ±ÜÄaÜ¿á ±Ü£ÅPæ¿áÈÉ ñܱÜâ³ ÖæàÚPæWæ ¿ÞÃÜá ÖæãOæWÝÃÜÃÜá ? Cí¥Ü
ñܱÜâ³ ÖæàÚPæWÜÚWæ ©Êݯ ÊÜáñÜᤠA±ÜÃÝ«Ü ÖæãOæWÝÄPæ GÐÜrÃÜ ÊÜáqrWæ C¨æ
GíŸá¨Ü®Üá° ËÊÜÄÔ.
OR/A¥ÜÊÝ
Define Dividend. Discuss the law relating to payment of Dividend
by companies.
ÇÝ»ÝíÍÜ Gí¨ÜÃàæ ®Üá ? PÜí±Ü¯WÜÙÜ ÇÝ»ÝíÍÜ ¯àvÜáËPæ ÓÜíŸí«Ü ¯¿áÊÜáWÜÙ®Ü áÜ °
aÜbìÔ.
(b) Annual Meeting for 2004 is not called. But in 2005, meetings
for 2004 and 2005 are called and held. Are they legal and
proper ? Marks : 5
2004ÃÜ ÓÝÈWæ ÊÝÑìPÜ ÓÜ»¿ æ á®Üá° PÜé æ ÃÜáÊÜâ©ÆÉ . B¨ÜÃæ 2005ÃÜÈÉ , 2004
ÊÜáñÜᤠ2005ÃÜ ÓÝÈWæ ÓÜ»Wæ ÙÜ ®Ü áÜ ° PÜÿ
æ áÇÝÀáñÜá ÊÜáñÜᤠPÝ¿áì PÜÇݱÜWÙÜ ®Ü áÜ °
®ÜvÓæ Ç
Ü ÝÀáñÜá. CÊÜâ PÝ®Üã®Üá Ÿ¨Üœ ÖÝWÜã ÁãàWÜÂÊÝXÊæÁáà ?
OR/A¥ÜÊÝ
State the qualifications of a director.
¯¨æìàÍÜPÜ®ÝWÜÆá CÃÜáÊÜ AÖÜìñæWÜÙÜ®Üá° £ÚÔ.
UNIT – III

Q. No. 3. (a) Discuss the different kinds of share capital. Marks : 15

ÍææàÃÜá ŸívÜÊÝÙÜ¨Ü ËË«Ü ±ÜÅPÝÃÜWÜÙÜ®Üá° aÜbìÔ.
OR/A¥ÜÊÝ
What steps can be taken to prevent oppression of minority ?
AƳÓÜíTÝÂñÜÃÜ Êæáà騆 ¨Ü¸ÝºÚPæ¿á®Üá° ñÜvæWÜorÆá ¿ÞÊÜ PÜÅÊÜáWÜÙÜ®Üá°
ñæWæ¨ÜáPæãÙÜ۟ÖÜá¨Üá ?
*02020621* -3- 0202/0621

(b) Duties of Liquidator. Marks : 5

ÓÜÊÜÞ±ÜPÜ®Ü PÜñÜìÊÜÂWÜÙÜá.
OR/A¥ÜÊÝ

‘X’ applied for shares in a company. A letter of a allotment was

despatched by the company soonafter. But the letter never
reaches ‘X’. Can ‘X’ be considered as a shareholder ?
Jí¨Üá PÜí±Ü¯¿á ÍæàÃÜáWÜÚWÝX ‘X’ ®Üá Aiì ÖÝPÜáñݤ®æ. PÜí±Ü¯Àáí¨Ü
ÍæàÃÜá ±ÜñÜÅÊÜ®Üá° ÎàZÅÊÝX PÜÙÜá×ÓÜÇÝÀáñÜá. B¨ÜÃæ B ±ÜñÜÅÊÜâ ‘X’ Wæ
ñÜÆá±ÜÇæà CÆÉ. ‘X’ ®Ü®Üá° ÍæàÃÜá¨ÝÃÜ®æí¨Üá ±ÜÄWÜ~ÓÜᣤàÃÝ ?

UNIT – IV

Q. No. 4. (a) Discuss the procedure and powers of the Securities Appellate
Tribunal under SEBI Act, 1992. Marks : 15

Óæ¹ A—¯¿áÊÜá 1992ÃÜ Aw¿áÈÉ ÍæàÃÜá Êæáàƾ®ÜË ±ÝŗPÝÃÜ¨Ü ±ÜÅQÅÁá

ÊÜáñÜᤠA—PÝÃÜWÜÙÜ®Üá° aÜbìÔ.
OR/A¥ÜÊÝ

Explain as to how the Central Government can suspend the

business of a stock exchange under the Securities Contracts
(Regulation) Act, 1956.
»Ü¨ÜÅñÝ ±ÜñÜÅWÜÙÜ PÜÃÝÃÜá (¯¿áíñÜÅ|) A—¯¿áÊÜá, 1956ÃÜ Aw¿áÈÉ ÖæàWæ
Pæàí¨ÜÅ ÓÜPÝìÃÜÊÜâ ÓÝrP… ˯ÊÜá¿á¨Ü ÊݱÝÃÜÊÜ®Üá° ÃܨÜ᪠ÊÜÞvÜáñܤ¨æ
GíŸá¨Ü®Üá° ËÊÜÄÔ.
(b) Power of Central Government to Supersede the Board. Marks : 5

ÊÜáívÜÚWæ A—PÜÅËáÓÜáÊÜ Pæàí¨ÜÅ ÓÜPÝìÃÜ¨Ü A—PÝÃÜ.

OR/A¥ÜÊÝ

Definition of Securities.

ÓæPÜãÂÄqӅ®Ü ÊÝÂTÝ®Ü.
0202/0621 -4- *02020621*

UNIT – V

Q. No. 5. (a) Who is an authorised person ? Explain the powers of Reserve

Bank of India to issue directions and to inspect authorised
person under the Foreign Exchange Management Act, 1999. Marks : 15
A—PÜêñÜ ÊÜÂQ¤ Gí¨ÜÃæ ¿ÞÃÜá ? ˨æàΠ˯ÊÜá¿á ÊÜÂÊÜÓݧ±ÜPÜ A—¯¿áÊÜá
1999 ÃÜ Aw¿áÈÉ A—PÜêñÜ ÊÜÂQ¤Wæ ¯¨æìàÍÜ®ÜÊÜ®Üá° ÖæãÃÜwÓÜáÊÜ ÊÜáñÜá¤
±ÜÄÎàÈÓÜáÊÜ »ÝÃÜ£à¿á ÄgÊ…ì ¸ÝÂíQXÃÜáÊÜÜ A—PÝÃÜWÜÙÜ®Üá° aÜbìÔ.
OR/A¥ÜÊÝ

Explain the duties, powers and functions of Competition

Commission of India under Competition Act, 2002.
±æç±æäàq A—¯¿áÊÜá, 2002 ÃÜ Aw¿áÈÉ , »ÝÃÜ ñ Ü ¨ Ü ±æ ç ±æ ä àq
BÁãàWÜQRÃÜáÊÜ PÜñÜìÊÜÂWÜÙÜá, A—PÝÃÜWÜÙÜá ÊÜáñÜᤠ±ÜÅPÝ¿áìWÜÙÜ®Üá° ËÊÜÄÔ.
(b) Provisions of Appeal to Appellate Tribunal. Marks : 5

Êæáàƾ®ÜË ®Ý¿ޗàPÜÃÜ|PæR Êæáàƾ®ÜË ÓÜÈÉÓÜáÊÜ E±ÜŸí«ÜWÜÙÜá.

OR/A¥ÜÊÝ

Powers of Competition Appellate Tribunal.

±æç±æäàq Êæáàƾ®ÜË ®Ý¿ޗàPÜÃÜ|¨Ü A—PÝÃÜWÜÙÜá.

________________
*0202/0621* 0202 / 0621
Second Semester of 3 Year LL.B. / VI Semester of B.A. LL.B. / B.B.A.
LL.B. ( 5 Years) Examination, December 2013
COMPANY LAW (Course – II)
Duration : 3 Hours Max. Marks : 100

Instructions : 1. Answer all 5 questions.

2. One essay type question and one short note question or
problem from each Unit which is referred as Part (a) and
Part (b) in all the Units.
3. Figures to the right indicate full marks.
4. Answer should be written either in English or Kannada
completely.
UNIT – I

Q. No.1. (a) Explain the fundamental clauses of Memorandum of

Association of a company. Marks : 15
PÜí±Ü¯¿á ÓÜíÓݧ±Ü®Ü ±ÜñÜŨÜÈÉ®Ü ÊÜáãÆ»ÜãñÜ SívÜWÜÙÜ®Üá° ËÊÜÄÔÄ.
OR/A¥ÜÊÝ
Who is promoter ? What are his powers and liabilities ?
±ÜÅÊñÜ ì
Ü PÜ®íæ ¨ÜÃæ ¿ÞÃÜá ? AÊÜ®Ü A—PÝÃÜWÙÜ áÜ ÊÜáñÜᤠÖæãOæWÝÄPæWÙÜ ÝÊÜâÊÜâ ?
(b) Write a note on certificate of incorporation. Marks : 5
ÓÜíÁãàg®Ý ±ÜÅÊÜÞ| ±ÜñÜÅ¨Ü ŸWæY Jí¨Üá q±Ü³~ ŸÃæÀáÄ.
OR/A¥ÜÊÝ
‘A’ holds almost all shares except one in Timber Company
and he was substantial creditor also. ‘A’ insured the
company’s timber in his own name. Timber having been
destroyed by fire, he claims compensation from the insurance
company. Will he succeed ?
Jí¨Üá ÊÜáÃÜÊÜááoár PÜí±Ü¯¿áÈÉ ‘A’ ®Üá Jí¨Üá ÍæàÃÜ®Üá° ¹oár GÇÝÉ
ÍæàÃÜ®Üá° Öæãí©¨Üª®Üá ÊÜáñÜᤠAÊÜ®Üá PÜí±Ü¯Wæ WÜ|¯à¿áÊÝX ÓÝÆ
Pæãqr¨®ªÜ áÜ . ‘A’®Üá PÜí±Ü¯¿á ÊÜáÃÜÊÜááoárWÜÙÜ®Üá° ñܮܰ ÖæÓÜÄ®ÜÈÉ ËÊæá
ÊÜÞwԨܪ®Üá. ¸æíQÀáí¨Ü ÊÜáÃÜÊÜááoárWÜÙÜá ®ÝÍÜÊݨÝWÜ AÊÜ®Üá ËÊÜÞ
PÜí±Ü¯Àáí¨Ü ±ÜÄÖÝÃÜ PæàÙÜáñݤ®æ. AÊÜ®Üá WæÆáÉÊÜ®æà ?

P.T.O.
0202 / 0621 -2- *0202/0621*
UNIT – II
Q. No.2. (a) Notice and Quorum are the essentials of company’s valid
meeting. Discuss. Marks : 15
ÓÜãaÜ®æ ÊÜáñÜᤠPæãàÃÜí PÜí±Ü¯¿á PÜÅÊÜ៨ܜ ÓÜ»æ¿á AÊÜÍÜ ÓÜíWÜ£WÜÙÜá.
aÜbìÔÄ.
OR/A¥ÜÊÝ
Damages for deceit is one of the remedy for
misrepresentation in the prospectus. Elucidate.
ÊÜíaÜ®æWæ ®ÜÐÜr (Öݯ) ±ÜÄÖÝÃÜÊÜâ ±ÜÄaÜ¿á ±Ü£ÅPæ¿áÈÉ®Ü AÓÜñÜÂ
¯ÃÜã±ÜOæWæ Jí¨Üá ±ÜÄÖÝÃæãà±Ý¿áÊÝX¨æ. ËÐÜ©àPÜÄÔ.
(b) The plaintiff was a transferee of a share certificate issued
under the seal of the defendant company. The certificate
was issued by the company’s secretary, who afixed the seal
of the company and forged the signatures of the two
directors. Advise the Plaintiff. Marks : 5
ÊÝ©¿áá ±ÜÅ£ÊÝ© PÜí±Ü¯¿á ÊÜáá¨æÅ (ÊæãÖÜÃÜá) Àáí¨Ü ¹vÜáWÜvæ
ÊÜÞw¨Ü ÍæàÃÜá ±ÜñÜÅ¨Ü ÊÜWÝìÊÜOæ «ÝÃÜPÜ®ÝX¨Üª®Üá. PÜí±Ü¯¿á
PÝ¿áì¨ÜÎì¿áá PÜí±Ü¯¿á ÊæãÖÜÃÜ®Üá° ÍæàÃÜá ±ÜñÜÅ¨Ü ÊæáàÇæ ÖÝQ
ÊÜáñÜᤠCŸºÃÜá ¯¨æìàÍÜPÜÃÜ Tæãqr ÓÜ׿á®Üá° ÊÜÞw hÝÄWæãÚԨܪ®Üá.
ÊÝ©Wæ ÓÜÆÖæ ¯àwÄ.
OR/A¥ÜÊÝ
Write a brief note on powers of directors.
¯¨æìàÍÜPÜÃÜ A—PÝÃÜWÜÙÜ ŸWæY Jí¨Üá ÓÜíQұܤ q±Ü³~ ŸÃæÀáÄ.

UNIT – III

Q. No.3. (a) What is voluntary winding up ? Discuss members voluntary

winding up of a company. Marks : 15
ÓÜÌCaæf ÓÜÊÜޱܮæ Gí¨ÜÃæà®Üá ? Jí¨Üá PÜí±Ü¯¿á ÓܨÜÓÜÂÃÜ ÓÜÌCaæf
ÓÜÊÜޱܮæ¿á ŸWæY aÜbìÔÄ.
OR/A¥ÜÊÝ
Discuss the different kinds of share capital of a company.
Jí¨Üá PÜí±Ü¯¿á ÍæàÃÜá ŸívÜÊÝÙÜ¨Ü ËË«Ü ±ÜÅPÝÃÜWÜÙÜ®Üá° aÜbìÔÄ.
*0202/0621* -3- 0202 / 0621

(b) ‘X’ a minor was registered as a share holder. After attaining

majority he received dividend from the company. Subsequently
the company went into liquidation. ‘X’ denies his liability.
Decide. Marks : 5
‘X’ GíŸ A±ÝÅ±Ü ¤ ÊÜ ¿ áÓÜ R ®Ü á Jí¨Ü á PÜ í ±Ü ¯ ¿á ÓÜ ¨ Ü Ó Ü Â ®ÝX
®æãàí¨ÝÀáÓÜƳor®Üá. AÊÜ®Üá ±Ýűܤ ÊÜ¿áÓÜR®Ý¨Ü ŸÚPÜ PÜí±Ü¯Àáí¨Ü
ÇÝ»ÝíÍÜÊÜ®Üá° ÔÌàPÜÄÓÜáñݤ®æ. ñܨܮÜíñÜÃÜ PÜí±Ü¯ ÓÜÊÜޱܮæ BWÜáñܤ¨æ. ‘X’®Üá
ñܮܰ ÖæãOæWÝÄPæ¿á®Üá° AÆÉWÜÙæ¿ááñݤ®æ. £àÊÜÞì¯ÔÄ.
OR/A¥ÜÊÝ
Write a note on prevention of mismanagement.
¨ÜáÊÜÂìÊÜ Óݧ±Ü®æ ŸWæY Jí¨Üá q±Ü³~ ŸÃæÀáÄ.
UNIT – IV

Q. No.4. (a) Explain the procedures, powers and functions of the

Securities Appellate Tribunal under the SEBI Act, 1992. Marks : 15
Óæ¹ A—¯¿áÊÜá 1992ÃÜ Aw¿áÈÉ »Ü¨ÜÅñÝ ±ÜñÜÅWÜÙÜ Êæáàƾ®ÜË
®Ý¿ޗàPÜÃÜ|¨ÜÈÉ¿á ±ÜÅQÅÁáWÜÙÜá, A—PÝÃÜWÜÙÜá ÊÜáñÜá¤
PÝ¿áìWÜÙÜ®Üá° ËÊÜÄÔÄ.
OR/A¥ÜÊÝ
Write an explanatory note on registration of stock brokers,
sub-brokers and share transfer agents.
ÓÝrP… ¨ÜÙÝÛÚWÜÙÜá, E±Ü¨ÜÙÝÛÚWÜÙÜá ÊÜáñÜᤠÍæàÃÜá ÊÜWÝìÊÜOæ
PÝ¿áì»ÝÄWÜÙÜ ®æãàí¨Ü~ ŸWæY Jí¨Üá ËÊÜÃÜÊÝ¨Ü q±Ü³~ ŸÃæÀáÄ.
(b) Write a note on definition of securities. Marks : 5
»Ü¨ÜÅñÝ ±ÜñÜÅWÜÙÜ ÊÝÂTÝÂ®Ü¨Ü ŸWæY Jí¨Üá q±Ü³~ ŸÃæÀáÄ.
OR/A¥ÜÊÝ
Make a note on powers of SEBI under Securities Contracts
(Regulation) Act, 1956.
»Ü¨ÜÅñÝ ±ÜñÜÅWÜÙÜ PÜÃÝÃÜá (¯¿áíñÜÅ|) A—¯¿áÊÜá 1956¨Üw¿áÈÉ Óæ¹Wæ
CÃÜáÊÜ A—PÝÃÜWÜÙÜ ŸWæY Jí¨Üá q±Ü³~ ÊÜÞwÄ.
0202 / 0621 -4- *0202/0621*

UNIT – V

Q. No.5. (a) Explain the establishment, power and functions of special

Director (appeal) and Appellate Tribunal under the
FEMA Act, 1999. Marks : 15
˨æàΠ˯ÊÜá¿á ÊÜÂÊÜÓݧ±Ü®æ A—¯¿áÊÜá 1999ÃÜ Aw¿áÈÉ ËÍæàÐÜ
¯¨æìàÍÜPÜÃÜá (Êæáàƾ®ÜË) Êæáàƾ®ÜË ±ÝŗPÝÃÜ¨Ü ÃÜaÜ®æ, A—PÝÃÜWÜÙÜá
ÊÜáñÜᤠPÝ¿áìWÜÙÜ ŸWæY ËÊÜÄÔÄ.
OR/A¥ÜÊÝ
Define “Consumer” and “Service” under the Competition
Act, 2002.
±æç±æäàq PÝÀá¨æ A—¯¿áÊÜá 2002ÃÜ Aw¿áÈÉ ""WÝÅÖÜPÜ'' ÊÜáñÜá¤
""ÓæàÊæ '' ¿á®Üá° ÊÝÂTݯÔÄ.
(b) Write short notes on : Marks : 5
Goods (Competition Act)
ÆZá q±Ü³~ ŸÃæÀáÄ :
ÓÜÃÜPÜáWÜÙÜá (±æç±æäàq PÝÀá¨æ A—¯¿áÊÜá)
OR/A¥ÜÊÝ
Adjudicating authority (FEMA Act)
®ÝÂ¿á ¯|ì¿á A—PÝÄ (´æÊÜÞ A—¯¿áÊÜá)

_______________
*02020621* 0202/0621
II Semester of Three Year LL.B., VI Semester of Five Year B.A.LL.B./
B.B.A.LL.B. Examination, June 2013
COMPANY LAW
Duration : 3 Hours Max. Marks : 100

Instructions : 1. Answer all 5 Questions.

2. One essay type and one short note question or problem
from each unit have to be attempted.
3. Figures to the right indicate marks.
4. Answers should be written either in English or Kannada
completely.

UNIT – I
Q. No. 1. (a) ‘Company is totally different from its members’. Explain. Marks : 15
"PÜí±Ü¯¿áá ñܮܰ ÓܨÜÓÜÂÄí¨Ü ÓÜí±Üä|ìÊÝX ¼®Ü°ÊÝXÃÜáñܤ¨æ. ËÊÜÄÔ.
OR/A¥ÜÊÝ
Discuss the nature of holding company and subsidiary
company.
¯¿áíñÜÅPÜ ÊÜáñÜᤠÓÜÖÝ¿áPÜ PÜí±Ü¯WÜÙÜ ÓÜÌÃÜã±ÜÊÜ®Üá° aÜbìÔ.
(b) A company change its name from Mahti Tea Syndicate Ltd.’
to ‘Mahti Tea Industrial Ltd.’ But the company filed a writ
petition in its old name. Is the petition is enforceable ? Marks : 5
Jí¨Üá PÜí±Ü¯¿áá ñܮܰ ÖæÓÜÃÜ®Üá° "ÊÜáÖÜ£ qà ÔíwPæàp… È.' GíŸ
ÖæÓÄÜ ¯í¨Ü "ÊÜáÖÜ£ qà CívÜÔóà¿áDž È.' Gí¨Üá Ÿ¨ÜÇÝÀáÔPæãíwñÜá.
B¨ÜÃæ PÜí±Ü¯¿áá Jí¨Üá Äp…®Üá° ñܮܰ ÖÜÙæ¿á ÖæÓÜÄ®ÜÈÉÁáà ¨ÝSÆá
ÊÜÞw¨æ. D Äp… ±æqÐÜ®…®Ü®Üá° hÝÄWæãÚÓܟÖÜá¨æà ?
OR/A¥ÜÊÝ
Mr. R was the transferee of a share certificate issued
under the seal of the ‘G’ company. The certificate was
issued by the company secretary, who had affixed the seal
of the company and forged their signature of two directors.
Whether the share certificate is valid ?
Ëá. ‘R’ GíŸáÊÜ®Üá ‘G’ PÜí±Ü¯¿á ÔàDž®Ü Aw¿áÈÉ ¹vÜáWÜvæ ÊÜÞw¨Ü
ÍæàÅ ÓÜqìµPæàp…®Üá° ÊÜWÝìÊÜOæ ±Üvæ¨ÜÊÜ®Üá. ÍæàÃÜá ÓÜqìµPæàp…®Üá°
PÜí±Ü¯¿á PÝ¿á¨ÜÎì ¹vÜáWÜvæ ÊÜÞwÃÜáñݤ®.æ CÊÜ®áÜ PÜí±Ü¯¿á ÔàDž®Üá°
ÖÝQ ÖÝWÜã CŸºÃÜá ¯¨æìàÍÜPÜÃÜ ÓÜáÙÜáÛ ÓÜ׿á®Üá° ÊÜÞwÃÜáñݤ®æ. ÍæàÃÜá
ÓÜqìµPæàp… PÝ®Üã®Üá Ÿ¨ÜœÊæà ?
P.T.O.
0202/0621 -2- *02020621*

UNIT – II

Q. No. 2. (a) Define Articles of association. Explain the alteration of

Articles of association under Companies Act. Marks : 15
ÈUñÜ PÜpÝrÙæ ÊÝÂTݯÔ. PÜí±Ü¯ PÝÀá¨æ¿á Aw¿áÈÉ ÈUñÜ PÜpÝrÙæ¿á
Ÿ¨ÜÇÝÊÜOæ¿á®Üá° ËÊÜÄÔ.
OR/A¥ÜÊÝ
‘Director are described as agents, trustee and as managing
partner’ – Analyse.
"¯¨æìàÍÜPÜÃÜ®Üá° ±ÜÅ£¯—, ®ÝÂÓÜ«ÝÄ ÊÜáñÜᤠBvÜÚñÜ ±ÝÆá¨ÝÃÜÃÜá Gí¨Üá
ÊÜ~ìÓÜÇÝX¨æ.' & ËÍæÉàÑÔ.
(b) In a Private Company There are only two directors on Board
of the ocmpany. one director was refused to support in the
decision taking on a subject in the meeting. There was no
provision in the articles to increase or decrease the number
of directors. Advise the director. Marks : 5
Jí¨Üá TÝÓÜX PÜí±Ü¯¿áÈÉ CŸºÃæà ¯¨æìàÍÜPÜÃÜá PÜí±Ü¯¿á ¯¨æìàÍÜPÜÃÜ
ÊÜáívÜÚ¿áÈÉ C¨ÜªÃÜá. JŸº ¯¨æìàÍÜPÜ®Üá ÓÜ»æ¿áÈÉ Jí¨Üá ËÐÜ¿á¨Ü
ÊæáàÇæ ¯|ì¿á ñæWæ¨ÜáPæãÙÜáÛÊÝWÜ ñܮܰ ¸æíŸÆÊÜ®Üá° £ÃÜÓÜRÄԨܮÜá. ÈUñÜ
PÜorÙæ¿áÈÉ ¯¨æìàÍÜPÜÃÜ ÓÜíTæ¿á®Üá° ÖæbcWæ A¥ÜÊÝ PÜwÊæá ÊÜÞvÜáÊÜ
¿ÞÊÜâ¨æà ¯¿áÊÜÞÊÜÚ CÃÜáÊÜâ©ÇÝÉ . ¯¨æìàÍÜPܯWæ ÓÜÆÖæ ¯àw.
OR/A¥ÜÊÝ
Certain directors held a meeting of the Board. But they
prevented some lawfully constituted directors from
attending the meeting. A quorum was however present.
Whether the Board meeting is valid ?
PæÆÊÜâ ¯¨æìàÍÜPÜÃÜá ÊÜáívÜÚ¿á ÓÜ»æ¿á®Üá° ®ÜvæÓÜáñݤÃæ. B¨ÜÃæ AÊÜÃÜá
PæÆÊÜâ PÝ®Üã®Üá Ÿ¨Üœ ÊÜáívÜÚ¿á ¯¨æìàÍÜPÜÃÜá ÓÜ»æWæ ÖÝgÃÝWÜáÊÜâ¨Ü®Üá°
ñÜv¿
æ ááñݤÃ.æ B¨ÝWÜã ÓÜ»¿æ áÈÉ PæãÃÜí CÃÜáñܤ¨.æ ÊÜáívÜÚ¿á ÓÜ»¿
æ áá
PÝ®Üã®Üá Ÿ¨ÜœÊæà ?
*02020621* -3- 0202/0621

UNIT – III

Q. No. 3. (a) Describe the general principles and statutory restriction for
allotment of shares. Marks : 15
ÍæàÃÜáWÜÙÜ ÖÜíbPæ¿á ÓÝÊÜޮܠ¯¿áÊÜÞÊÜÚWÜÙÜá ÊÜáñÜᤠÍÝÓܮܟ¨Üœ
¯Ÿìí«ÜWÜÙÜ®Üá° ËÊÜÄÔ.
OR/A¥ÜÊÝ
Discuss briefly the conditions of relief for oppression in the
company.
PÜí±Ü¯¿áÈÉ ¨Ü¸ÝºÚPæ¿á ±ÜÄÖÝÃÜ¨Ü ¯Ÿìí«ÜWÜÙÜ®Üá° aÜbìÔ.
(b) K was Bearer debenture holder of S Company . He transfered
the same to R. The company refused to pay the amount with
interest to him. Whether R can claim it ? Marks : 5
K GíŸÊÜ®Üá S PÜí±Ü¯¿á ¨ÝÃÜPÜ ÓÝƱÜñÜÅÊÜ®Üá° Öæãí©ÃÜáñݤ®æ. CÊÜ®Üá
A¨Ü®Üá° R Wæ ÊÜWÝìÀáÓÜáñݤ®æ. PÜí±Ü¯¿áá ÖÜ|ÊÜ®Üá° Ÿwx ÓÜÊæáàñÜÊÝX
¯àvÜÆá DñܯWæ £ÃÜÓÜRÄÓÜáñܤ¨æ. R ®Üá C¨Ü®Üá° ±Üvæ¨Üá PæãÙÜ۟ÖÜá¨æà ?
OR/A¥ÜÊÝ
The preferential shareholders were entitled to a preference
divided at the rate of 10% per annum and it was specified in
the Articles of association of the company. The earned huge
profit in the financial year. Preferential shareholders are
claimed 15% dividend in the company. The company was
refused to pay the 15% of dividend. Is the preferential
shareholders are entitled for 15 % of dividend ?
B¨ÜÂñæ ÍæàÃÜá¨ÝÃÜÃÜá ÊÝÑìPÜ Íæà. 10%ÃÜíñæ B¨ÜÂñæ¿á ÇÝ»ÝíÍÜÊÜ®Üá°
±Üvæ¿áÆá ÖÜPÜáRÙÜÛÊÜÃÝXÃÜáñݤÃæ ÊÜáñÜᤠC¨Ü®Üá° PÜí±Ü¯¿á ÈUñÜ
PÜpÝrÙæ¿áÈÉ ¯©ìÐÜr ±ÜwÓÜÇÝWÜáñܤ¨æ. PÜí±Ü¯¿áá B¦ìPÜ ÊÜÐÜì¨ÜÈÉ
ÖæbcWæ ÇÝ»ÝíÍÜÊÜ®Üá° WÜÚÓÜáñܤ¨æ. B¨ÜÂñæ¿á ÍæàÃÜá¨ÝÃÜÃÜá Íæà .15%
ÃÜíñæ B¨ÜÂñæ¿á ÇÝ»ÝíÍÜÊÜ®Üá° ¯àvÜáÊÜíñæ PæàÙÜᣤ¨ÝªÃæ. B¨ÜÂñæ¿á
ÍæàÃÜá¨ÝÃÜÃÜá Íæà. 15%ÃÜÐÜár ÇÝ»ÝíÍÜPæR ÖÜPÜáRÊÜâÙÜÛÊÜÃæà ?
0202/0621 -4- *02020621*

UNIT – IV

Q. No. 4. (a) State the Penalties and Adjudication provisions of securities

and exchange Board of India under SEBI Act. Marks : 15
Óæ¹ PÝÀá¨æ¿á Aw¿áÈÉ »ÝÃÜ£à¿á »Ü¨ÜÅñæWÜÙÜá ÊÜáñÜᤠ˯ÊÜá¿á
ÊÜáívÜÚ¿á ¨ÜívÜWÜÙÜá ÊÜáñÜᤠ¯|ì¿á¨Ü ¯¿áÊÜÞÊÜÚWÜÙÜ®Üá° £ÚÔ.
OR/A¥ÜÊÝ
Analyse the powers of recognised stock exchange to make
the bye-laws under the Securities Contracts (Regulation)
Act.
»Ü¨ÜÅñæWÜÙÜ PÜÃÝÃÜá (¯¿áíñÜÅ| ) PÝÀá¨æ Aw¿áÈÉ AíXàPÜêñÜ ÍæàÃÜá
ÊÜÞÃÜáPÜpær¿áá E±Ü&¯¿áÊÜáWÜÙÜ®Üá° ÊÜÞvÜáÊÜ A—PÝÃÜÊÜ®Üá° ËÍæÉàÑÔ.
(b) Write a note on offences by companies Under Securities
Contracts (Regulation) Act. Marks : 5
»Ü¨ÜÅñæWÜÙÜ PÜÃÝÃÜá (¯¿áíñÜÅ|) PÝÀá¨æ Aw¿áÈÉ PÜí±Ü¯WÜÙÜ A±ÜÃݫܨÜ
ÊæáàÇæ Jí¨Üá q±Ü³~ ŸÃæÀáÄ.
OR/A¥ÜÊÝ
Meeting of SEBI.
Ó湿á ÓÜ»æWÜÙÜá.
UNIT – V

Q. No. 5. (a) Explain the composition, procedure and powers of appellate

tribunal under the FEMA Act 1999. Marks : 15
´æàÊÜÞ PÝÀá¨æ 1999 ÃÜ Aw¿áÈÉ Êæáàƾ®ÜË ®Ý¿ޗàPÜÃÜ|¨Ü
ÃÜaÜ®æ, ±ÜÅQÅÁá ÊÜáñÜᤠA—PÝÃÜWÜÙÜ®Üá° ËÊÜÄÔ.
OR/A¥ÜÊÝ
State the powers and functions of competition commission
of India.
»ÝÃÜñÜ¨Ü ±æç±æäàq BÁãàWÜ¨Ü A—PÝÃÜWÜÙÜá ÊÜáñÜᤠ±ÜÅPÝ¿áìWÜÙÜ®Üá°
£ÚÔ.
(b) Write a note on competition advocacy. Marks : 5
±æç±æäàq ÊÜQàÆñÜ®Ü¨Ü ÊæáàÇæ Jí¨Üá q±Ü³~ ŸÃæÀáÄ.
OR/A¥ÜÊÝ
Authorised person under FEMA.
´æàÊÜá Aw¿áÈÉ A—PÜêñÜ ÊÜÂQ¤.
________________
*02020621* 0202/0621
II Semester 3 Year LL.B./VI Semester 5 Year B.B.A. LL.B./B.A. LL.B.
Examination, December 2014
COMPANY LAW
Duration : 3 Hours Max. Marks : 100

Instructions : 1. Answer Q. No. 9 and any five of the remaining questions.

2. Q. No. 9 carries 20 marks and the remaining questions
carry 16 marks each.
3. Answers should be written either in English or in Kannada
completely.
ÓÜãaÜ®æWÜÙÜá : 1. ±ÜÅÍæ° ®Üí. 9 ÊÜáñÜᤠCñÜÃÜ ¿ÞÊÜâ¨æà 5 ±ÜÅÍæ°WÜÚWæ EñܤÄÔ.
2. ±ÜÅÍæ° ®Üí. 9PæR 20 AíPÜWÜÙÜá ÊÜáñÜᤠEÚ¨Ü ±ÜÅÍæ°Wæ 16 AíPÜWÜÙÜá.
3. EñܤÃÜÊÜ®Üá° ÓÜí±Üä|ìÊÝX PܮܰvܨÜÈÉ A¥ÜÊÝ CíXÉЅ®ÜÈÉ ŸÃæÀáÄ.

Q. No. 1. Discuss the advantages of incorporation of a company.

PÜí±Ü¯¿á ¯WÜËáàPÜÃÜ|¨Ü A®ÜáPÜãÆñæWÜÙÜ®Üá° aÜbìÔÄ.
Q. No. 2. What is incorporation and what are the different stages of
incorporation.
¯WÜËáàPÜÃ|
Ü WæãÚÓÜáËPæ Gí¨ÜÃàæ ®Üá ? ÊÜáñÜᤠ¯WÜËáàPÜÃ|
Ü ¨Ü ËË«Ü ÖÜíñÜWÙÜ áÜ
¿ÞÊÜâÊÜâ ?
Q. No. 3. What is memorandum of association of a company ? Explain
the fundamental clauses of memorandum of association.
PÜí±Ü¯¿á ÓÜíÓݧ±®Ü Ý ±ÜñÅÜ Gí¨ÜÃàæ ®Üá ? ÓÜíÓݧ±®Ü Ý ±ÜñÅÜ ¨È
Ü É®Ü ÊÜáãÆ»ÜãñÜ
SívÜWÜÙÜ®Üá° ËÊÜÄÔÄ.

Q. No. 4. Who is a promoter ? What are his powers and liabilities ?

±ÜÅÊñÜ ì
Ü PÜ®íæ ¨ÜÃæ ¿ÞÃÜá ? AÊÜ®Ü A—PÝÃÜ ÊÜáñÜᤠÖæãOæWÝÄPæWÙÜ ÝÊÜâÊÜâ ?
Q. No. 5. What is prospectus ? What are the remedies that are available
for misrepresentation in the prospectus ?
±ÜÄaÜ¿á±ÜñÜÅ Gí¨ÜÃæà®Üá ? ±ÜÄaÜ¿á±ÜñÜŨÜÈÉ®Ü ÓÜíWÜ£¿á ñܱÜâ³ ¯ÃÜã±ÜOæWæ
CÃÜáÊÜ ±ÜÄÖÝÃæãà±Ý¿áWÜÙÝÊÜâÊÜâ ?
P.T.O.
0202/0621 -2- *02020621*

Q. No. 6. Describe the general principles and statutory restrictions for

allotment of shares.
ÍæàÃÜáWÜÙÜ ÖÜíbPæ¿á ÓÝÊÜޮܠ¯¿áÊÜáWÜÙáÜ ÊÜáñÜᤠÍÝÓÜ®Ÿ
Ü ¨Üœ ¯Ÿìí«ÜWÙÜ ®Ü áÜ °
ËÊÜÄÔ.

Q. No. 7. Discuss briefly the conditions of relief for oppression and mis
management in the company.
PÜí±Ü¯¿áÈÉ ¨Ü¸ÝºÚPæWæ ÊÜáñÜᤠ¨ÜáÊÜÂìÊÜÖÝÃÜ¨Ü ±ÜÄÖÝÃÜ¨Ü ¯Ÿìí«ÜWÜÙÜ®Üá°
aÜbìÔ.

Q. No. 8. Write short note on any two of the following :

(a) Holding and subsidiary company.
¯¿áíñÜÅPÜ ÊÜáñÜᤠ¯¿áí£ÅñÜ PÜí±Ü¯WÜÙÜá
(b) Different kinds of share capital of a company
PÜí±Ü¯¿á ÍæàÃÜá ŸívÜÊÝÙÜ¨Ü ËË«Ü ±ÜÅPÝÃÜWÜÙÜá
(c) Compulsory winding up of a company.
PÜí±Ü¯¿á PÜvÝx¿á ÓÜÊÜޱܮæ.

Q. No. 9. Solve any two of the following problems :

(a) The articles of association of X company contained a clause
to the effect that B (an outsider) should be a director and
should not be removed for 5 years. However he was
removed earlier and he brought an action to restrain company
from excluding him will be succeed ?
X GíŸ PÜí±Ü¯¿á ÈUñÜ PÜorÙæ¿á Jí¨Üá SívÜ¨Ü ±ÜÅPÝÃÜ B (ÖæãÃÜX®Ü
ÊÜÂQ¤) GíŸáÊÜÊܮܮÜá° PÜí±Ü¯¿á ¯¨æìàÍÜPܮܮݰX ®æàËáÓÜáÊÜâ¨Üá ÊÜáñÜá¤
5 ÊÜÐÜìWÜÙÜÊÜÃæWæ AÊܮܮÜá° B Óݧ®Ü©í¨Ü ñæWæ¨ÜáÖÝPÜáÊÜí£ÆÉ Gí¨Üá CñÜá¤
B¨ÜÃæ AÊܮܮÜá° ÊÜááíbñÜÊÝXÁáà ñæWæ¨ÜáÖÝPÜÇÝÀáñÜá. A¨ÜÃÜ ËÃÜá¨Üœ
AÊÜ ® Ü á PÜ í ±Ü ¯ ¿á Êæ á àÇæ ¨ÝÊæ ¿ á®Ü á ° ÖÜ ã vÜ á ñݤ ® æ . AÊÜ ® Ü á
g¿áWÜÚÓÜáÊÜ®æà ?
*02020621* -3- 0202/0621

(b) The director of a company borrowed a sum of money from

the plaintiff bank. The company’s articles provided that the
director might borrow on bonds such sums as may from
time to time be authorised by a resolution passed at general
meeting of the company. Share holders claimed that there
had been resolution authorising the loan and therefore it
was taken without their authority. Is the company liable to
the plaintiff bank ?
Jí¨Üá PÜí±Ü¯¿á ¯¨æìàÍÜP®Ü áÜ ÊÝ© ¸ÝÂíQ¯í¨Ü ÓÝÆÊÜ®áÜ ° ±Üv¿ æ ááñݤ®.æ
B PÜí±Ü¯¿á ÈUñÜ PÜorÙæ¿á ±ÜÅPÝÃÜ ¯¨æìàÍÜPÜÃÜá ÓÝÆ ñæWæ¨ÜáPæãÙÜáÛÊÜ
ÊÜáá®Ü° ÊÝÑìPÜ ÓÝÊÜޮܠÓÜ»æ¿áÈÉ ¯¿áÊÜÞÊÜÚ¿á®Üá° ±ÝÓÜá ÊÜÞw
ÍæàÃÜá¨ÝÃÜÃÜ A®ÜáÊÜ᣿á®Üá° ±Üvæ¨ÜáPæãÙÜÛ¸æàPÜá ÖÝWÜã AÊÜÃÜá GÐÜár
ÊæãñܤPæR A®ÜáÊÜᣠPæãqrÃÜáñݤÃæãà AÐærà ÊæãñܤÊÜ®Üá° ÓÝÆ ±Üvæ¿á¸æàPÜá
GíŸá¨ÝXñÜá¤. B¨ÜÃæ D ±ÜÅPÜÃÜ|¨ÜÈÉ ¯¨æìàÍÜPÜÃÜá ¿ÞÊÜâ¨æà
¯¿áÊÜÞÊÜÚ¿á®Üá° ±ÝÓÜá ÊÜÞwÃÜÈÆÉ ÊÜáñÜᤠÍæàÃÜá¨ÝÃÜÃÜ A®ÜáÊÜá£
CÆɨæ ÓÝÆ ±Üvæ¿áÇÝXñÜá¤. PÜí±Ü¯¿á ÊÝ© ¸ÝÂíQWæ ¸Ý«ÜÂÓܧ/
ÖæãOæWÝÃÜÊÝWÜáñܤ¨æÁáà ?
(c) ‘X’ a minor was registered as a share holder. After attaining
majority he received dividend from the company.
Subsequently company went into liquidation X denies his
liability. Decide.
‘X’ GíŸ A±ÝÅ±Ü ¤ ÊÜ ¿ áÓÜ R ®Ü á Jí¨Ü á PÜ í ±Ü ¯ ¿á ÓÜ ¨ Ü Ó Ü Â ®ÝX
®æãàí¨ÝÀáÓÜƳor®Üá. AÊÜ®Üá ±Ýűܤ ÊÜ¿áÓÜR®Ý¨Ü ŸÚPÜ PÜí±Ü¯Àáí¨Ü
ÇÝ»ÝíÍÜÊÜ®Üá° ÔÌàPÜÄÓÜáñݤ®æ. ñܨܮÜíñÜÃÜ PÜí±Ü¯ ÓÜÊÜޱܮæ¿ÞWÜáñܤ¨æ.
X ®Üá ñܮܰ ÖæãOæWÝÄPæ¿á®Üá° AÆÉWÜÚ¿ááñݤ®æ. £àÊÜÞì¯Ô.

________________
*0202/0621* 0202/0621
II Semester of 3 Years LL.B. /VI Semester of 5 Years B.A. LL.B. /B.B.A.
LL.B. Examination, June/July 2014
COMPANY LAW

Duration : 3 Hours Max. Marks : 100

Instructions : 1. Answer all 5 Questions.

2. Figures to the right indicate marks.

3. Answers should be written either in English or

Kannada completely.

UNIT – I

Q. No. 1. (a) What are the advantages of incorporation of a company ? Marks : 15

PÜí±Ü¯¿á®Üá° ¯WÜËáàPÜÃÜ|WæãÚÓÜáÊÜâ¨ÜÄí¨Ü BWÜáÊÜ A®ÜáPÜãÆñæWÜÙÜá
¿ÞÊÜâÊÜâ ?
OR/A¥ÜÊÝ

Who is a Promoter ? What are his duties and liabilities ?

±ÜÅÊñÜ ì
Ü PÜ®íæ ¨ÜÃæ ¿ÞÃÜá ? ±ÜÅÊñÜ ì
Ü PÜ®Ü PÜñì
Ü ÊÜÂWÜÙáÜ ÊÜáñÜᤠÖæãOæWÝÄPæWÙÜ áÜ
¿ÞÊÜâÊÜâ ?
(b) Write a note on : Marks : 5

Different types of companies.

ËË«Ü ŸWæ¿á PÜí±Ü¯WÜÙÜá.
OR/A¥ÜÊÝ

Lifting the corporate veil.

ÓÜíÓݧ ÓÜÌÃÜã±Ü¨Ü ÊÜááSÊÝvÜÊÜ®Üá° GñÜá¤ËPæ.

P.T.O.
0202/0621 -2- *0202/0621*
UNIT – II

Q. No. 2. (a) Explain the procedure for incorporation of a company. Marks : 15

PÜí±Ü¯¿á®Üá° ¯WÜËáàPÜÃÜ|WæãÚÓÜáÊÜ ±ÜÅQÅÁá¿á®Üá° ËÊÜÄÔ.
OR/A¥ÜÊÝ

What is prospectus ? Explain its contents.

±ÜÄaÜ¿á ±ÜñÜÅ Gí¨ÜÃæà®Üá ? A¨ÜÃÜ JÙÝíÍÜWÜÙÜ®Üá° ËÊÜÄÔ.
(b) A company's Articles provides that a member who becomes
bankrupt shall offer for sale of his shares to other share
holders at a price fixed by Directors. Decide the validity of
the provision. Marks : 5
Jí¨Ü á PÜ í ±Ü ¯ ¿á ¯¿áÊÜ Þ ÊÜ Ú WÜ Ù Ü á ¿ÞÊÜ â ¨æ à JŸº ÓÜ ¨ Ü Ó Ü Â ®Ü á
©ÊÝÚTæãàÃÜ®ÝX¨ÜªÈÉ ñÜ®æ°ÇÝÉ ÍæàÃÜáWÜÙÜ®Üá° C®Üá°Ú¨Ü ÍæàÃÜá¨ÝÃÜÄWæ
PÜí±Ü¯¿á ¯¨æìàÍÜPÃÜ áÜ WæãñÜᤱw
Ü Ô¨Ü ¸æÇWæ æ ÊÜÞÃÝo ÊÜÞvܸàæ PÜá Gí¨Üá
C¨æ. D ¯¿áÊÜÞÊÜÚWÜÙÜ FiìñÜñæ¿á®Üá° ¯«ÜìÄÔÄ.
OR/A¥ÜÊÝ

The Articles of Association of a company contained a clause

that R should be a legal advisor for a period of 5 years and
he should not be removed until the expiry of 5 years. He was
a member of that company. But he was removed after one
year of his appointment. He brought an action against the
company and claimed damages for premature removal. Will
he succeed ?
PÜí±Ü¯¿á ÈUñÜ PÜorÙæ¿áá 'R' GíŸáÊܮܮÜá° 5 ÊÜÐÜìWÜÙÜÊÜÃæWæ PÜí±Ü¯¿á
PÝ®Üã®Üá ÓÜÆÖæWÝÃÜ®ÝWܸàæ Pæí¨Üá ÊÜáñÜᤠB 5 ÊÜÐì
Ü WÜÙÜ AÊܗ ±ÜäÊÜì¨ÜÈÉ
AÊܮܮÜá° ñæWæ¿áPÜãvܨæí¨Üá PÜÆí Öæãí©¨æ. AÊÜ®Üá B PÜí±Ü¯¿á
ÓܨÜÓÜ®ÝXÃÜáñݤ®æ. B¨ÜÃæ AÊܮܮÜá° ®æàÊÜáPÜ ÊÜÞw¨Ü Jí¨Üá ÊÜÐÜì¨Ü
®ÜíñÜÃÜ ñæW¨
æ áÜ ÖÝPÜÇÝÀáñÜá. 'R' ®Üá J±Üí³ ¨Ü¨Ü EÆÉíZ®æWÝX PÜí±Ü¯¿á
ËÃÜá¨Üœ ±ÜÄÖÝÃÜ PæàÚ ¨ÝÊæ ÖÝPÜáñݤ®.æ AÊÜ®áÜ ¿áÍÜÔÌ¿ÞWÜáñݤ®Á æ áà ?
*0202/0621* -3- 0202/0621
UNIT – III

Q. No. 3. (a) What is oppression and mismanagement ? What are the

remedies available to prevent it under the Companies
Act. Marks : 15
¨Ü¸ÝºÚPæ ÊÜáñÜᤠ¨ÜáÃÝvÜÚñÜ Gí¨ÜÃàæ ®Üá ? PÜí±Ü¯ PÝ®Ü㯮Üw¿áÈÉ A¨Ü®áÜ °
ñÜvæWÜorÆá CÃÜáÊÜ ±ÜÄÖÝÃÜWÜÙÜá ¿ÞÊÜâÊÜâ ?
OR/A¥ÜÊÝ

Explain the procedure for appointment and removal of

directors.
PÜí±Ü¯¿á ¯¨æìàÍÜPÜÃÜ®Üá° ®æàÊÜáPÜ ÊÜÞvÜáÊÜ ÖÝWÜ㠱ܨÜaÜá£WæãÚÓÜáÊÜ
±ÜÅQÅÁá¿á®Üá° ËÊÜÄÔ.
(b) Write a note on : Marks : 5

Special resolution.
ËÍæàÐÜ WæãñÜá¤ÊÜÚ.
OR/A¥ÜÊÝ

Corporate social responsibility.

¯WÜÊÜá¨Ü ÓÝÊÜÞiPÜ ÖæãOæWÝÄPæ.
UNIT – IV

Q. No. 4. (a) What is allotment ? And what are the statutory restrictions
on allotment of shares ? Marks : 15
ËñÜÄÓÜáËPæ Gí¨ÜÃæà®Üá ? ÍæàÃÜáWÜÙÜ®Üá° ËñÜÄÓÜáÊÝWÜ CÃÜáÊÜ ÍÝÓܮܟ¨Üœ
¯Ÿìí«Ü®æWÜÙÜá ¿ÞÊÜâÊÜâ ?
OR/A¥ÜÊÝ

Explain the characteristics of floating charge and fixed charge.

When floating charge can be converted in to fixed charge ?
aÜÈÓÜáÊÜ Má|»ÝÃÜ ÖÝWÜã Ô§ÃÜ Má|»ÝÃÜ¨Ü WÜá|ÆPÜÒ |WÜÙÜ®Üá°
ËÊÜ Ä Ô. ¿ÞÊÜ ÓÜ í ¨Ü » Ü ì ¨Ü È É aÜ È ÓÜ á ÊÜ Má|»ÝÃÜ Ê Ü ® Ü á ° Ô§ à Ü
Má|»ÝÃÜÊܮݰX ±ÜÄÊÜ£ìÓܟÖÜá¨Üá ?
0202/0621 -4- *0202/0621*
(b) Write a note on : Marks : 5

Transfer of shares.
ÍæàÃÜáWÜÙÜ ÊÜWÝìÊÜOæ.
OR/A¥ÜÊÝ

Dividends.
wËvæív…Õ.

UNIT – V

Q. No. 5. (a) How voluntary winding up of a company is effected ? Explain

the provisions relating to members voluntary winding up. Marks : 15
ÓÜÌ Caæf ËÓÜgì®æ¿á®Üá° ¿ÞÊÜ Ä࣠PÝ¿áìWÜñÜWæãÚÓܟÖÜá¨Üá ?
ÓܨÜÓÜÂÃÜáWÜÙÜ ÓÜÌ Caæf ËÓÜgì®æWæ ÓÜíŸí—Ô¨Üíñæ CÃÜáÊÜ ¯¿áÊÜáWÜÙÜ®Üá°
ËÊÜÄÔ.
OR/A¥ÜÊÝ

Explain the appointment, powers and functions of liquidator.

PÜí±Ü¯ ±ÜÄÓÜÊÜÞ±ÜPÜ®Ü ®æàÊÜáPÝ£, A—PÝÃÜWÜÙÜá ÖÝWÜã PÜñÜìÊÜÂWÜÙÜ®Üá°
ËÊÜÄÔ.
(b) Write a note on : Marks : 5

Take over and acquisition of minority interest.

ñæWæ¨ÜáPæãÙÜáÛËPæ ÖÝWÜã AƳÓÜíTÝÂñÜ ÍæàÃÜáWÜÙÜ ±Üvæ¿ááËPæ.
OR/A¥ÜÊÝ

Compulsory winding up of company.

PÜvÝx¿áÊÝX PÜí±Ü¯¿á®Üá° ÊÜááPݤ¿áWæãÚÓÜáÊÜâ¨Üá.
________________
*02020621* 0202/0621
II Semester 3 Years LL.B./VI Semester 5 Years B.A. LL.B. / B.B.A. LL.B.
Examination, June/July 2015
COMPANY LAW

Duration : 3 Hours Max. Marks : 100

Instructions : 1. Answer Question No. 9 and any 5 (five) of the remaining

questions.
2. Question No. 9 carries 20 marks and remaining questions
carry 16 marks each.
3. Answer should be written either in English or Kannada
completely.
ÓÜãaÜ®æWÜÙÜá : 1. ±ÜÅÍæ° ÓÜíTæ 9 ÊÜáñÜᤠCñÜÃÜ ¿ÞÊÜâ¨æà 5 ±ÜÅÍæ°WÜÚWæ EñܤÄÔ.
2. ±ÜÅÍæ° 9 PæR 20 AíPÜWÜÙÜá ÊÜáñÜᤠCñÜÃÜ ±ÜÅ£ ±ÜÅÍæ°Wæ 16 AíPÜWÜÙÜá.
3. EñܤÃÊ Ü ®Ü áÜ ° ÓÜí±Üä|ìÊÝX PÜ®v
°Ü ¨
Ü È
Ü É A¥ÜÊÝ CíXÉàЅ®ÜÈÉ ŸÃæ¿áñÜPRÜ ¨áÜ .ª

Q. No. 1. State the circumstances on which the court can lift the corporate
veil of a company. Answer with the help of decided cases. Marks : 16
¿ÞÊÜ ÓÜí¨Ü»Üì¨ÜÈÉ ®Ý¿ÞÆ¿áÊÜâ ÓÜíÓæ§ ÓÜÌÃÜã±Ü¨Ü ÊÜááÓÜáPÜ®Üá°
ñæÃÜÊÜâWæãÚÓܟÖÜá¨Üá GíŸá¨Ü®Üá° ¯«ÜìÄñÜ £à±ÜâìWÜÙÜ ÓÜÖÝ¿á¨æãí©Wæ
EñܤÄÔ.

Q. No. 2. What is Memorandum of Association ? State the procedure for

alteration of objective clause of a company. Marks : 16
ÊÜá®ÜË ±ÜñÜÅ Gí¨ÜÃæà®Üá ? PÜí±Ü¯¿á E¨æªàÍÜ Ë»ÝWÜÊÜ®Üá° Ÿ¨ÜÇÝÀáÓÜÆá
¯ÊÜì×ÓܸæàPÝ¨Ü ±ÜÅQÅÁáWÜÙÜ®Üá° £ÚÔ.

Q. No. 3. Define Prospectus. Explain the effects of mis-statement in

prospectus of a company. Marks : 16
±ÜÄaÜ¿á ±ÜñÜÅÊÜ®Üá° ÊÝÂTݯÔÄ. ±ÜÄaÜ¿á ±ÜñÜŨÜÈÉ ñܱÜâ³ ÖæàÚPæÀáí¨Ü BWÜáÊÜ
±ÜÄOÝÊÜáWÜÙÜ®Üá° ËÊÜÄÔ.
P.T.O.
0202/0621 -2- *02020621*
Q. No. 4. Who is a Promoter ? Explain the effects of pre-incorporation
contracts. Marks : 16
±ÜÅÊñÜ ì
Ü PÜ®íæ ¨ÜÃæ ¿ÞÃÜá ? ÓÜíÁãàg®Ü ±ÜäÊÜì PÜÃÝÃÜáWÜÙÜ Ÿ¨Üñœ ¿
æ á®Üá° ËÊÜÄÔ.
Q. No. 5. What are the different classes of share capital ? Explain the
statutory restrictions and general principles of allotment of shares. Marks : 16
ÐæàÃÜá ŸívÜÊÝÙÜ¨Ü ËË«Ü ±ÜÅQÅÁáWÜÙÜá ¿ÞÊÜâÊÜâ ? ÐæàÃÜá ÖÜíbPæ¿á ŸWæY
CÃÜáÊÜ ÍÝÓܯà¿á ¯Ÿìí«Ü®æWÜÙÜá ÊÜáñÜᤠÓÝÊÜޮܠñÜñÜÌWÜÙÜ®Üá° ËÊÜÄÔ.
Q. No. 6. Discuss the provisions of Companies Act 2013 with regard to
prevention of oppressions and mismanagement in a company. Marks : 16
PÜí±Ü¯¿áÈÉ ¨Ü¸ÝºÚPæ ÊÜáñÜᤠ¨ÜáÃÝvÜÚñÜÊÜ®Üá° ñÜvæWÜorÆá PÜí±Ü¯ A—¯¿áÊÜá
2013 ÃÜ E±ÜŸí«ÜWÜÙæãí©Wæ aÜbìÔÄ.

Q. No. 7. Explain briefly the various methods of winding up of a company. Marks : 16

PÜí±Ü¯¿á ÓÜÊáÜ ±ÜìOæ (ËÓÜgì®æ)¿á ÖÜÆÊÜâ Ë«Ý®ÜWÙÜ ®Ü áÜ ° ÓÜíQÒ±¤ÜÊÝX ËÊÜÄÔ.
Q. No. 8. Write short notes on any two of the following : Marks : 2×8=16
PæÙÜX®Ü ¿ÞÊÜâ¨Ý¨ÜÃÜã GÃÜvÜPæR ÆZá q±Ü³~ ŸÃæÀáÄ :
(a) One man company.
(b) Charges.
(c) Position of Director in a Company.
(a) HPÜ ÊÜÂQ¤ PÜí±Ü¯.
(b) Má| »ÝÃÜ.
(c) PÜí±Ü¯¿áÈÉ ¯¨æìàÍÜPÜ®Ü Óݧ®Ü.

Q. No. 9. Solve any two of the following problems : Marks : 2×10 = 20

PæÙÜX®Ü ¿ÞÊÜâ¨Ý¨ÜÃÜã GÃÜvÜá ÓÜÊÜáÓæ¿á®Üá° ŸWæÖÜÄÔ :
(a) One of the object of the company ‘Y’ was to manufacture
mechanical spares and to market them. The company ‘Y’
intended to manufacture gold ornaments and to sell them.
Advise ‘Y’ company.
PæçWÝÄPÝ ¹w »ÝWÜWÜÙÜ®Üá° ñÜ¿ÞÄÔ ÊÜáñÜᤠÊÜÞÃÜáPÜpær ÊÜÞvÜáÊÜ
E¨æઠÍÜ©í¨Ü ‘Y’ PÜí±Ü¯ Óݧ±Ü®æ¿ÞXÃÜáñܤ¨æ. ‘Y’ PÜí±Ü¯¿áá b®Ü°¨Ü
JvÜÊæWÜÙÜ®Üá° ñÜ¿ÞÄÔ ÊÜáñÜᤠÊÜÞÃÝo ÊÜÞvÜáÊÜâ¨ÝX Ÿ¿áÓÜáñܤ¨æ. D
PÜí±Ü¯Wæ ÓÜÆÖæ ¯àw.
*02020621* -3- 0202/0621
(b) ‘X’ company lends to ‘Y’ company a loan on a mortgage of
its assets. The procedure laid down in the Articles for such
transaction is not complied with. The directors of the 2
companies were the same. Is this mortgage binding upon a
company ?
‘X’ PÜí±Ü¯¿áá ‘Y’ PÜí±Ü¯WæBÔ¤¿á AvÜÊÞ Ü ®Ü¨Ü ÊæáàÇæ ÓÝÆ PæãvÜáñܤ¨.æ
C¨ÜPæR A®ÜáÓÜÄÓܸæàPÝ¨Ü ±ÜÅQÅÁá¿á®Üá° ±ÝÈÔÃÜáÊÜâ©ÆÉ . GÃÜvÜá
PÜí±Ü¯WÜÚWæ CÊÜÃæà ¯¨æìàÍÜPÜÃÝXÃÜáñݤÃæ. AvÜÊÜÞ®ÜÊÜâ PÜí±Ü¯¿á ÊæáàÇæ
Ÿí«Ü®ÜPÝÃÜÊÝWÜáñܤ¨æÁáà ?
(c) The Auditors of a company made a confidential report to
the directors stating that the security for some loans are
insufficient and difficulty of realization and stated that no
dividends should be paid for the year, but the auditor also in
his report to his shareholder stated that the value of the
assets depends upon the realization. A dividend of 15%
was declared out of capital assets. State whether the Auditor
or Director are liable for the same.
Jí¨Üá PÜí±Ü¯¿á ÇæPÜR ±ÜÄÍæãà«ÜPÜÃÜá ¯¨æìàÍÜPܯWæ Jí¨Üá Wè±Ü ÊÜÃÜ©
ÓÜÈÉÔ »Ü¨ÜÅñæWÝX ñæWæ¨ÜáPæãívÜ BÔ¤¿á ÊÜåèÆ ÓÝPÜÐÜár CÆÉÊæí¨Üá ÊÜáñÜá¤
A¨Ü®Üá° ±Üvæ¿ááÊÜÈÉ BWÜáÊÜíñÜÖÜ ñæãí¨ÜÃæWÜÙÜ®Üá° £ÚÔ ÊÜáñÜᤠB ÊÜÐÜì¨Ü
ÇÝ»ÝíÍÜÊÜ®Üá° ÖÜíaܸÝÃܨæí¨Üá ÖæàÙÜáñݤÃæ. B¨ÜÃæ ÇæPÜR ±ÜÄÍæãà«ÜPÜÃÜá
ÐæàÃÜá¨ÝÃÜÄWæ Pæãor ÊÜÃÜ©¿áÈÉ »Ü¨ÜÅñæWÝX ñæWæ¨ÜáPæãívÜ BÔ¤¿á
ÖÜ|ÊÜ®Üá° ÊݱÝÓÜá ±Üvæ¿ááÊÜâ¨ÜÃÜ ÊæáàÇæ ¯«ÝìÃÜÊÝX¨æ Gí¨Üá
ÖæàÙÜáñݤÃ.æ PÜí±Ü¯¿áá ÊÜÐìÜ ÊÜáãÆ ŸívÜÊÝÙÜ樆 áÜ ° E±ÜÁãàXÔ 15%
ÇÝ»ÝíÍÜÊÜ®Üá° NãàÑÓÜáñܤ¨æ. D Äà£¿á ®ÜvÜÊÜÚPæWæ ÇæPÜR ±ÜÄÍæãà«ÜPÜÃÜá
A¥ÜÊÝ ¯¨æìàÍÜPÜÃÜá gÊݸݪÃÜÃÝWÜáñݤÃæÁáà ?
________________