MAHARISHI UNIVERSITY OF INFORMATION TECHNOLOGY

First Sessional Examination, Odd Semester 2020-21

Course: BBA.LLB and LLB Branch: Law
Semester: BALLB&BBALLBV/LLBIII/LLBV Paper Code: LIC501/LUC301/LUC501
Paper Name: Company Law

Maximum Marks: 20 Time: 1 Hour

Note:

1. All questions are compulsory.

2. If it is found that the student has copied, then he/she will get zero marks.
3. Solve all the questions in sequence and submit the answer sheets with the declaration
certificate on the first page of the answer sheet in student’s own hand writing on Dated
…………………. Time ……….
4. After the due date and time, the answer sheets will not be accepted and the student shall
be treated as absent.

SECTION A (Answer in 1 sentence) 01 x 10 = 10 marks

1. Define company

2. The incorporation of a company refers to the legal process that is used to form

a corporate entity or a company (True/False). 

3. Give the full form of SEC?

4.  A share is referred to as a unit of ownership which represents an equal proportion of a

company's capital. (True/False)

5. A class action lawsuit is a legal action filed by more than one individual against a single
defendant.  (True/False

6. Any member of the company can bring injunction against the company to prevent it from
doing any ultra vires act. (True/False)

7. Ultra vires is a Latin phrase which means "beyond the powers" (True/False)

8. In companies law the doctrine of constructive notice is a doctrine where all persons

dealing with a company are deemed (or "construed") to have knowledge of the company's
articles of association and memorandum of association. (True/False)
 9. Articles of Association is an important document of a Joint Stock Company. (True/False)

10.  Memorandum of Association (MoA) represents the charter of the company. (True/False)

SECTION B (Short Answer Type) (attempt any four) 01 x 04 = 04 marks

1. What is doctrine of indoor management what are its exceptions?

2. What is the difference between AOA and MOA?
3. What is inter corporate loan?
4. What is the difference between loan and deposit?
5. Can a private limited company invest in another company?

SECTION C (Long Answer Type) (attempt any two) 03 x 02 = 06 marks

1. Briefly explain Doctrine of Ultra Vires?

2. What is the role of courts to protect interests of creditors and shareholders?

3. Give 2 differences between one-personcompany and foreign company?