Company Law(Major) — DU B.A.(Prog.) with Commerce (Entrepreneurship and Small Business) Previous Year Question Papers

1. (a) Examine the principle of separate legal personality of a company. Under what circumstances is this principle disregarded? (9) (b) Write Short notes on any two of the following : (4.5x2=9) (i) Small Company (i) Producer Company (iii) One Person Company (a) Explain the meaning and essential characteristics of a company. How does it differ from a partnership? (9) (b) What is an illegal association? Explain its consequences. (9) 2. (a) *The Companies Act is not against the profits made by a promoter, but against the non-disclosure of such profits." Discuss. (9) (b) Discuss the steps in on line registration of the Company. (9) (a) A, a promoter, entered into a contract with B on behalf of a proposed company for the purchase of machinery. The company was subsequently incorporated, but refused to take over the contract. B sues the company for breach of contract. Is the company liable? Can B sue the promoter? Discuss with relevant case law. (9) (b) What are the merits and demerits of the incorporation of a company? 3. (a) What is a Memorandum of Association? State the purposes for which a company can alter its Objects Clause. (b) Write a short note on the Doctrine of Constructive Notice. (9) (a) Explain the Doctrine of Indoor Management. State its exceptions, if any. (b) What is the Article of Association? Differentiate between Memorandum of Association and Articles of Association. (9) 4. (a) Write short notes on any two of the following : (4.5x2-9) (i) Doctrine of Ultra Vires (i) Red Herring Prospectus (iii) Shelf Prospectus (b) What is a bonus issue? Mention the conditions to be fulfilled for issuing bonus shares? (9) (a) Can a company issue shares at a discount? What is Sweat Equity? State the provisions for issuing Sweat Equity? (9) (b) Distinguish between transfer and transmission of shares. Explain the procedure for each. (9) 5. (a) What is e-voting? Discuss its procedure and legal provisions for e-voting under the Companies Act, 2013. (9) (b) Explain different types of company meetings. Discuss the requisites of = (9) valid meeting. Write short notes on any three : (ili) Ordinary Resolution (iv) Special Resolution (v) Postal Ballot (vi) Minutes of the Meeting 1(7) #ya a Separate Legal Personality) e frain eft ferder (i) му чч (Small Company) (i) 304* * (Producer Company) ) pazy (One Person Company) ee tae de te dige e te ie te i le betel sale sle (s) ()tf see (Red Herring Prospectus) )sense (Self Prospectus) (9) Tan tan te tan on ton ta to trea te (Sat Equy) ) (Proxy reit) ) m(Odny Resolution) (iv) fata (Special Resolution) (vi) do (Minutes of the Meeting)