2017
(August)
COMMERCE
Paper: 205
(Company Law)
Full Marks: 90
Time: 3 hours
The figures in the
margin indicate full marks for the questions
1.
Write ‘True’ or ‘False’: 1x5=5
a)
In case of private company there is no
restriction on transfer of shares.
b)
Share certificate can be issued only in respect
of fully paid share.
c)
A floating charge becomes a fixed charge when a
company goes into liquidation.
d)
Quorum of general meeting is minimum five
members personally present for a public company.
e)
The maximum number of directors in a public as
well as private company is twenty.
2.
Fill in the blanks: 1x4=4
a)
_______ companies are not required to have any
Memorandum or Articles of Association.
b)
The _______ may appoint an additional director.
c)
Share warrant is a _______ instrument.
d)
A mortgage of land is an example of _______
charge.
3.
Write short notes on: (any four) 5x4=20
a)
Prospectus.
b)
Reserve Capital.
c)
Qualification Share.
d)
Certificate of Incorporation.
e)
Extra-ordinary general meeting.
f)
Fixed Charge.
4.
(a) What is Memorandum? Discuss the various Clauses of Memorandum of
Association. 3+10=13
Or
(b) Discuss the modes of acquisition and termination of
membership in a company. 6.5+6.5=13
5.
(a) Explain the provisions of the Companies Act relating to share transfer. 12
Or
(b) What is Share Warrant? How does it differ from share
certificate? 3+9=12
6.
(a) What is Charge? Which charges need compulsory registration? Discuss. 3+9=12
Or
(b) Explain the procedure of registration of charges. 12
7.
(a) What is Annual Return? Discuss the particulars needed to be furnished in
Annual Returns. 4+8=12
Or
(b) What are the objectives of holding an annual general
meeting? What are the consequences of not holding such a meeting? 4+8=12
8.
(a) What is the position of a director in a company? 4+4+4=12
1)
As an agent.
2)
As a trustee.
3)
As a managing partner.
Or
(b) Explain the duties of Director in a Company. 12
***
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