Q2.(a) Q2.(b) Q2.(c) UNIT - I “A company is an artificial person created by law with a perpetual succession and a common seal.” Explain this statement and discuss the basic features on a company. MDU BBA Nov. 2017 OR “A company is an artificial person created by law with a separate entity with a perpetual succession.” Discuss the above statement and explain the characteristics of a company. MDU BBA Nov. 2015 “A certificate of incorporation is a conclusive evidence that all the requirements of the Companies Act, 1956 have been complied with.” Comment. MDU BBA Nov. 2013 Explain the difference between Public Company and Private Company. State thea Company Law 8 ee special privileges and exemptions enjoyed by a private company. MDU BBA Nov. 2014 Q3.(a) What do you mean by lifting of corporate veil? Under what circumstances can the veil of corporate personality be lifted? Explain with suitable examples. MDU BBA Nov. 2016 Q3.(b) Define ‘Memorandum of Association’, Explain its content in detail. MDU BBA Noy. 2015 Q3.(¢) What do you mean by Memorandum of Association? “The doctrine of ultra-vires is a illusory protection to the shareholders and a pitfall for third parties.” Explain with suitable examples. MDU BBA Nov. 2017, Nov. 2016 ee eh Nov. 2017, Nov. 2016 Q4. What do you mean by prospectus? Describe the contents of prospectus. Briefly explain the golden rules for issuing prospectus. MDU BBA Nov. 2016 QS5.(a) What is prospectus? Explain the legal remedies available to the aggrieved parties when misrepresentation is made in the prospectus. MDU BBA Nov. 2011 Q5.(b) What is misstatement in a Prospectus? Discuss the civil and criminal liabilities of persons responsible for mis-statements in a prospectus. MDU BBA Nov. 2014 OR What is prospectus? Explain the civil and criminal liabilities for mis-statement in prospectus. MDU BBA Nov. 2013WADHWA’S List of Selected Questions 9 OR What is Prospectus? Who are liable for misstatement in prospectus? Explain the civil and criminal liabilities for misstatements. Q6. Explain the following: (a) Legal Requirements to Issue a Prospectus (b) Deemed Prospectus (c) Abridged Prospectus (d) Shelf Prospectus (e) Red-herring Prospectus Q7.(a) What is share capital? Explain the different types of share capital. © MDU BBA Nov. 2017 Q7.(b) What is the difference between share and Q8. stock? Discuss with suitable examples. *MDU BBA Nov. 2017 ‘Every shareholder of a company is known as a member while every member may not be known as a shareholder’, comment. Discuss the rights of a member. MDU BBA Nov. 2014 Q9.(a) “A company cannot buy back its own shares / securities”. Explain. Are there any exceptions to this rule? OR What do you mean by ‘buy-back of shares / securities’? Explain legal provisions relating to buy-back of shares / securities by a company.Company Law ————————————————— eee Q9.(b) Discuss the rules regarding forfeiture of shares and reissue of such shares. Q10.(a) What is meant by Surrender of Shares? Distinguish between forfeiture of shares and surrender of shares. Q10.(b) State the provisions of the Companies Act as to declaration and payment of dividend. MDU BBA Nov. 2013 QU. What is a debenture? What are the different kinds of debentures that may be issued by the company? MDU BBA Nov. 2018 OR What is a ‘debenture’? What are the different kinds of debentures? What is the difference between a shareholder and a debenture holder? MDU BBA Nov. 2017 ham Q12.(a) Define the term ‘Director’. What is the legal position of directors in a company? MDU BBA Nov. 2018, Noy. 2017, Nov. 2015 Q12.(b) Define a ‘Director’. Explain the provisions of the companies Act regarding the appointment of directors. MDU BBA Nov. 2014 Q12.(c) Discuss duties and liabilities of a director. MDU BBA Nov. 2013, Nov. 2011 Q12.(d) What are the powers of Directors?WADHWA’S List of Selected Questions 11 ———— ooo Q13.(a) Distinguish between Managing Director and Manager. MDU BBA Nov. 2015, Nov. 2014, Q13.(b) Distinguish between managing director and manager. Explain the provisions of the Companies Act regarding the removal of directors. MDU BBA Nov. 2013 Q13.(c) Discuss the statutory provisions related to the appointment, re-appointment and payment of remuneration to the managing directors of a public limited company. MDU BBA Nov. 2012 Q14.(a) Write a note on Corporate Governance. MDU BBA Nov. 2015 OR Write a note on meaning and objectives of corporate governance. MDU BBA Nov. 2011 Q14.(b) Explain the need of corporate governance. MDU BBA Nov. 2013 Q14.(c) Write a note on current development in Q15. Ql6. corporate governance. MDU BBA Nov. 2014 Discuss in detail the legal procedure for appointment of an auditor. Also throw some light on the rights, powers and duties of an auditor. What ‘is meant by a meeting? What are the various kinds of meetings of a company? Give brief description of each kind. MDU BBA Nov. 2018Company Law 12 OR What are the various kinds of meetings of a company? Discuss the requisites of a valid general meeting. MDU BBA Nov. 2017, Nov. 2013 OR “Every meeting, in order to be valid, must be duly convened, properly constituted and conducted.” Elucidate. © MDU BBA Nov. 2016 Q17.(a) Write a note on Oppression and Mis- management. MODU BBA Nov. 2015 OR ~ Define oppression and mismanagement. What remedies are available to the minority shareholder against oppression and mis- management? MDU BBA Nov. 2012 Q17.(b) What do you mean by the term ‘oppression’ as used in section 397? State the provisions of Companies Act, 1956 for prevention of oppression in a company. MDU BBA Nov. 2018, Nov. 2017, Nov. 2016 RE NOV. 2405 NOV. 2017, Nov. 2016 Q18. Explain the Following: (a) Restrictions on Borrowing MDU BBA Nov. 2014 (b) Prevention of oppression & mismanagementAe ee (c) Voluntary Winding up MDU BBA Nov. 2016 (d) Inter- Company Loans MDU BBA Nov. 2016, Nov. 2015 Q19.(a) Discuss the borrowing powers of a company. If a company borrows beyond its power, what remedies are open to a person who has lent money to the company? MDU BBA Nov. 2016 Q19.(b) What is meant by ‘Declaration of Solvency’ in relation to voluntary winding up of the company? Q20. What do you mean by winding up of a company? What are the various modes of winding up? MDU BBA Nov. 2017, Nov. 2015, Noy. 2014, Nov. 2013 OR What is compulsory winding up? Under what circumstances can a company be compulsorily wound up by Tribunal? MDU BBA Nov. 2011 Q21(a) What do you understand by winding up a company? Explain the grounds on which the tribunal would consider it just equitable to wind up a company. MDU BBA Nov. 2012 Q21.(b) State the powers and duties of liquidator in voluntary winding up. MDU BBA Nov. 2013 Q21.(c) Who is a Company Liquidator? Explain his duties and powers.