M.B.A. DEGREE EXAMINATION, NOVEMBER 2017
First Semester
Corporate Secretaryship
COMPANY LAW AND PRACTICE I
(CBCS 2017 onwards)
Time 3 Hours Maximum 75 Marks
Part A x 3 15)
Answer all the questions.
1. Define Corporate veil.
2. What do you mean by Doctrine of Ultravires?
3. Define sweat equity shares.
4. Explain Corporate Governance principles.
5. Explain the points to be considered while preparing
minutes.
Part B 10 50)
Answer all the five questions.
6. Explain the characteristics of a company.
Or
Discuss the functions of promoters.
Sub. Code
622105
RW-816
2
Ws8
7. Explain the contents of Memorandum of
Association.
Or
Explain the provisions relating to registration of
prospectus and also State the circumstances under
which registration of prospectus must be refused.
8. Discuss the types of shares.
Or
Explain the procedure for issue of rights shares.
9. Explain the provisions relating to appointment of
Directors.
Or
Discuss the statutory duties of a Company
Secretary under the Companies Act.
10. Explain the requisites of a valid meeting.
Or
Discuss the provisions relating to Annual General
Meeting.
RW-816
3
Ws8
PART C — 10 10 marks)
Case Study (Compulsory)
11. X subscribed for some shares in a Public Limited
Company relying on the false statement in the prospectus
furnished by the company's promoter and suffered some
loss. As a result. X subsequently transferred these shares
to Y and the latter suffered huge loss as a result of crash
of the script due to the false information becoming public.
Discuss the remedies against the promoter.