M.B.A. DEGREE EXAMINATION, APRIL 2016
Second Semester
COMPANY LAW AND PRACTICE —I
(CBCS 2012 onwards)
Time 3 Hours Maximum 75 Marks
Part A 3 15)
Answer all questions.
All questions carry equal marks.
1. Give the meaning of Lifting of Corporate Veil.
2. Explain Doctrine of Ultravires.
3. What do you mean by Buy Back of Shares?
4. Who is a company Secretary?
5. Differentiate minutes with agenda.
Part B 10 50)
Answer all questions choosing either or
All questions carry equal marks.
6. "A Promoter stands in a Fiduciary relation towards
the company he promotes" Explain.
Or
How is a company formed under the companies Act?
Enumerate the various documents to be filed with
the Registrar.
Sub. Code
622205
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7. Discuss the relationship between the Articles and
the Memorandum of Association of a company.
Or
What are the consequences that follow in the case of
issue of a prospectus containing false statements on
the strength of which shares are subscribed for?
8. State the provisions of companies Act, regarding
buy-back of shares by a company.
Or
Differentiate between Transfer and Transmission of
shares. Can the directors of a public company refuse
to register a transfer of shares?
9. Explain the appointment, powers and duties of
Director.
Or
Narrate the arguments for and against Corporate
Social Responsibility.
10. Explain the various kinds of meetings.
Or
What do you mean by Minutes and explain its
contents?
Part C 10 10)
Compulsory.
11. The directors of B. Ltd. made a call on the shareholder
but the resolution for making the call was defective as it
did not mention the amount of the call or the time or
place for its payment. On the failure of a shareholder,
to pay the call, the directors purported to forfeit his
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shares. The directors subsequently discovered their
mistake and rescinded their previous resolution as to
forfeiture. They then made a proper fresh call on the
shareholders and on failure to pay the call money,
filed a suit against him to recover the amount due.
M. Contended that his shares had already been forfeited
and as such he had ceased to be a shareholder and was,
therefore, not liable for the call made.
How would you decide the suit?