Karnataka State Law (KSLU) University Previous Years Model Question Papers for LLB Second Semester – Company Law
UNIT I – Company Law Model Question Papers
Essay Questions
- June 2010: Explain the fundamental clauses of Memorandum of Association of a company.
- June 2010: “Company cannot be sued or pre-incorporation contracts”. Discuss.
- June 2011: Critically examine the doctrine of “Ultra Vires”.
- June 2011: Who is a promoter? What are his duties and liabilities?
- Jan 2011: Explain the Doctrine of ‘Lifting the Corporate Evil’
- Jan 2011: “A certificate of incorporation is conclusive evidence that all he requirements of the Companies Act, 1956 have been complied with”. Explain.
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Short Notes
- June 2010: “A” transferred certain land to “B” on a condition that “B” would never sell the land to colored persons. “B” sold the land to a company composed exclusively of Negroes. “A” took action for the annulment of this conveyance on the ground that the property in effect had passed into the colored persons. Will he succeed?
- June 2010: “M” incorporated a company of which he was the Managing Director. In that capacity he appointed himself as a pilot of the company. While on the business of the Company, he died in a flying accident. His widow claims compensation. Will she succeed?
- June 2011: A company has its registered office at Mumbai. Due to some reasons unfavourable to the company, it wishes to shift its registered office to Karnataka. Advise the company.
- June 2011: Pre-incorporation Contracts.
- Jan 2011: A Company was incorporated for the purpose of manufacturing chemicals as its main business. It distributed Rs.50,000/- to University and scientific institutions for Scientific and education research. Is it valid?
- Jan 2011: A is the holder of all shares, except one of a Paper Co. A insures the company paper in his own name. The paper is destroyed by fire. Can A recover the loss?
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UNIT II – Company Law Model Question Papers
Essay Questions
- June 2010: Discuss the binding force of the “Articles of Association” on the company, members and outsiders with reference to decided cases.
- June 2010: Discuss the different types of meetings of a Company.
- June 2011: Notice and Quorum are the requisites of valid meeting. Elucidate.
- June 2011: Explain the Doctrine of “Indoor Management” with exceptions.
- Jan 2011: Explain the doctrine of Ultra-vires. What are the efforts of Ultra-vires agreements?
- Jan 2011: Explain the procedure and requisites of a valid general meeting.
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Short Notes
- June 2010: An applicant to whom shares were allotted in a company become fully aware of misrepresentation in the prospectus by the end of July, but in December he moved to have his name removed from the register. Will he succeed?
- June 2010: The directors of a Company had by two resolutions resolved to make a call. But neither resolution specified the date and amount of a payment. Decide the validity of the call.
- June 2011: Dividend
- June 2011: The articles of the company contained a clause to the effect that “A” should be the director and should not be removed until 2009. He was, however, removed much earlier. He brings an action against Company for damages. Will he succeed?
- Jan 2011: Articles of Association are altered so as to result in breach of contract entered into by a Company with its M.D. Is the alteration valid?
- Jan 2011: A Company inserted an advertisement in a newspaper stating that some shares were still available for sale according to the terms of the prospectus of the company which could be obtained on application. Do you consider it as a prospectus?
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UNIT III – Company Law Model Question Papers
Essay Questions
- June 2010: What is debenture? Explain its characteristics. Mention the various kinds of debentures.
- June 2010: Discuss the provisions of the Companies Act 1956 for the prevention of oppression and mismanagement.
- June 2011: What is debenture? Explain its characteristics. What are the various kinds of debentures?
- June 2011: Explain “Just and Equitable” clause as a ground for winding up of the company by the Tribunal.
- Jan 2011: What is meant by allotment of Shares? Explain statutory restrictions and general principles of allotment of shares.
- Jan 2011: Briefly discuss the circumstances under which a company may be wound up by the Court.
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Short Notes
- June 2010: One Santosh had subscribed, the Memorandum of Association of a company for 200 shares. The company was duly registered, but he ultimately took only 20 shares. Company went into liquidation and demands for the payment of all the 200 shares was made, although they were, in fact, never allotted to him. Advise Santosh.
- June 2010: “N” a minor was registered as a share holder. After attaining majority he received dividends from the company. Subsequently, the company went into liquidation. “N” denies liability as a shareholder. Decide.
- June 2011: A director, refused to retire in accordance with Articles of Association and illegally continued in office. Anand, a member of the Company wants to file a suit in his individual capacity against the director. Advise him.
- June 2011: Allotment of Shares.
- Jan 2011: A Film Company borrowed a sum of money on the security of all its assets including machinery etc. now lying or that may be brought hereafter until repayment. What kind of charges is it created by the film company?
- Jan 2011: “X” had subscribed the M.O.A of a company for 100 shares. The Company was duly registered but ultimately he hook only 10 shares. The company was wound up. What is the extent of “X”’s liability?
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UNIT IV – Company Law Model Question Papers
Essay Questions
- June 2010: Explain the procedure, powers and functions of the Securities Appellate Tribunal under SEBI Act 1992
- June 2010: Discuss the power of recognized stock exchanges to make bye-laws.
- June 2011: Explain the powers of Securities and Exchange Board of India (SEBI) Act 1992 to order investigation of an intermediary or a person associated with the Securities market.
- June 2011: Define the terms ‘stock exchange’, ‘recognised stock exchange’. Is there any prohibition on formation of an unrecognized stock exchange?
- Jan 2011: Enumerate the various penalities which can be imposed under the SEBI Act 1992 for various failures, defaults, non-disclosure and other offences.
- Jan 2011: Discuss when and how the Central government can suspend business of a stock exchange, under the Securities Contracts (Regulation) Act, 1956
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Short Notes
- June 2010: Write a short note on Listing of Securities
- June 2010: Definition of Securities
- June 2011: a short note on Listing of Securities
- June 2011: Objects of SEBI Act 1992
- Jan 2011: Write a short note on ‘Powers of Central Government’ under the SEBI Act 1992
- Jan 2011: Write a short note on ‘Powers of SEBI’ under the Securities Contracts (Regulation) Act, 1956
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UNIT V – Company Law Model Question Papers
Essay Questions
- June 2010: Explain the establishment, powers and functions of “Special Director (Appeal) and the Appellate Tribunal under Foreign Exchange Management Act (FEMA) 1999
- June 2010: Explain the provisions relating to regulation of combinations under the Competition Act 2002
- June 2011: Define the terms “Person”, “Person Resident in India” under Foreign Exchange Management Act (FEMA) 1999
- June 2011: Define ‘Consumer’ and ‘Service’ under the Competition Act, 2002
- Jan 2011: Discuss the powers of Reserve Bank of India to regulate capital account transactions under the Foreign Exchange Management Act, 1999
- Jan 2011: Discuss the powers of the Competition Commission of India to enquire into agreements and dominant position of Enterprise under the Competition Act, 2002
- Jan 2012
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Short Notes
- June 2010: Write a note on Prohibition of Agreements
- June 2010: Directorate of Enforcement under FEMA
- June 2011: Write a short note on B.P.O
- June 2011: Write a short note on Currency
- Jan 2011: Write a short note on ‘Adjudicating Authority’ under the FEMA 1999
- Jan 2011: Write a short note on ‘Penalty for furnishing incorrect’
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