Company Law — DU B.A. (V.S.) Modern Office Management Previous Year Question Papers

(b) Consider a senario where every member of a private limited company loses their life simultaneously in a catastrophic event during a general meeting. Does this result in the legal termination of' the company ? Justify your stance. with legal reasoning. 2. What is the "Object Clause" in the MOA ? Explain the Doctrine of Ultra Vires and its legal consequences for the company and third parties. Define the legal status of a promoter. Whät are their duties and liabilities toward a company before its incorporation ? 4.= (a) Examine the statutory framework regarding the appointment of directors by the Board under the Companies Act. (b) Clarify the legal limit on the total number of directorships an individual is authorized to hold at any given time. What are the defining characteristics of a "misleading prospectus"? Discuss the potential legal consequences and liabilities arising from either the inclusion of false data or the omission of material facts within such a document. 6. What are the requisites of a "Valid Meeting"? Explain the law relating to "Quorum" and "Proxies" for an Annual General Meeting (AGM). Under what circumstances can a company initiate voluntary winding up ? Explain the grounds on which a company may be wound up by the National Company Law Tribunal (NCLI). Write. short notes on any two of the following subjects: - (it) Doctrine of Indoor Management (i) One Person Company (OPC). '