S SYMBIOSIS INTERNATIONAL (DEEMED UNIVERSITY) (Established under section 3 of the UGC Act 1956) Re-Aceredited by NACC with ‘A’ Grade Institute Name: (0102) SYMBIOSIS LAW SCHOOL, NOIDA Programme: (010223 & 010224) BA LLB & BBA LLB Bateh: (2015-20, 2016-21, 2018-23) Semester: v Course: Company Law I Course Code 0102230503 0102240503, Date: Day: 05/08/2022 Maximum Marks: 60 ‘Thursday Vie: 14:00 ~ 16:30 Part-I (Objective Type Questions) Instructions: 1) All questions are compulsory. Qu Q2. 2) Bach question carries two Marks (Total 20 Marks) ‘Which case among the following belongs tothe lifting of the corporate veil? (2 Marks) (CO) Gilford motor company v. Hore (1933) 1 CH 935 b, Institute of Chartered Accountants of India v. 8.K. jain (2001) 29 SCL. 265 © Pradeep Kumar banerjee v. Union of India (2001) 32 SCL. 84 (Cal) 4. United Shppers Lid. V Aluminium IndustriesL td (2007) 73 SCL 70 Which new type of company was introduced in Companies Act 20132 (2 Marks) (CO 5) a, Subsidiary Company b. Associate Company © Holding Company 4. Government Company As per Companies Act, 2013 the Registration of a company is__ (2 Marks) (CO 3) a. Optional b. Compulsory ©. Compulsory for See 8 Company 4. Compulsory for Government Company Minimum paid up capital required for the formation of «public company is: (2 Marks) (CO » | Lakh 3 Lakh 5 Lakh No limit,Qs. Q6. Q7. Qs. Q, Qu0. Nationality of a company is decided by: (2 Marks) (CO 4) a. Shareholders of that company 5, Place where its books of accounts are kept . Registered office of the Company 4. Nature of the Business “The term used as Class meeting is only used for the mecting of (2 Marks) (CO 5) a. Shareholders b. Directors ©. Creditors d. Debenture holders ‘The articles of association establish the relationship of the company with: (2 Marks) (CO 3) a. ‘The Outsiders b. ‘The Lenders c. ‘The Members d. ‘The Employees ‘Which ofthe following is known as the charter of the company? (2 Marks) (CO 2) Bye laws Prospectus Article of Association Memorandum of Association Select the mode by which the share capital of the company may be reduced, (2 Marks) (CO 4) & By ordinary resolution b, By special resolution By board of directors 4. By Tribunal’s permission The ......... of the Company on equity share is not cumulative. (2 Marks) (CO 1) ProfitPart - II (Subjective Type Questions) Instructions: 1) All questions are compulsory. 2) Fach question carries 10 marks (Total 40 Marks) Qu Qa. Q2. Q2. Q3. Q3. Qa. Qs. company being in profit for any financial year has declared its final dividend at a very good rate and after declaring the same its board of directors also declared an interim dividend Determine the legal validity of such dividends. (10 Marks) (CO 1) oR A contractor made a contract with the promoter af the company to be incorporated soon. ‘The Promoter has made the part payment of the contract and got the entire work done even helivre the company incorporated. After incorporation, the said company denied for payment. Advise such contractor for the rest payment. (10 Marks) (CO 1) A company was incorporated with an objective for promoting the sports, under Companies Act, 2013. The company got very good profit in a financial year and decided to distribute the minimum dividend as approved by the Board of Directors of the said Company. :xplain the legal validity of the decision, (10 Marks) (CO 6) OR The Government of India has constituted a corporation by passing a special Act and also invested a good amount of money in purchasing more than 60% securities of a company incorporated under the Companies Act, 2013. Determine whether such corporation will be considered as a Government Company and why, (0 Marks) (CO 5) A husband and wife were the only two members of @ Private Limited Company. ‘They were Killed by their relatives. They do not have children also, Explain the effect of the death of the members on the legal status of the company with the relevant statutory. provisions and case laws, (10 Marks) (CO 4) OR Certain students of a Law School formed a company as Private Limited Company, After completion of the law ptogremme there arose differences in the members of the company, One of the members intends to leave the company. Is it possible? If yes, explain the process with the help of the statutory provisions? (10 Marks) (CO 3) 'n order to offer the securities of any public company, a document needs to be prepared and issued by that company. Explain the provisions of the Companies Act 2013 with respect to reparation of such document, (10 Marks) (CO 2) oR ‘An act done by any company beyond the power of the memorandum of association iy known as ultra vires. Explain the consequences of ultra vires acts of the company. (10 Marks) (CO 5)