Question Papers

UNIT-1
1. Explain the doctrine of 'Lifting the corporate veil'.

2. "A certificate of incorporation is conclusive evidence that all the requirements of the
Companies Act, 1956 have been complied with". explain.
3. 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?
4. 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?
5. ‘Company is totally different from its members’, Explain.
6. Discuss the nature of holding company and subsidiary company.
7. A Company change its name from Mahti Tea Syndicate Ltd to Mahti Tea Industrial Ltd.
But the company filed a writ petition in its old name. Is the petition enforceable?
8. Mr. R was the transferee of a share certificate issued under the seal of the ‘G’ company.
The certificate was issued by the company secretary, who had affixed the seal of the
company and forged their signature of two directors. Whether the share certificate is
valid?
9. Explain the fundamental clauses of MoA of a company.
10. Who is promoter? What are his powers, duties and liabilities?
11. Write a note on certificate of incorporation.
12. A Holds almost all shares except one in Timber Company and he was substantial creditor
also. A insured the company’s timber in his own name. Timber having been destroyed by
fire, he claims compensation from the insurance company, Will he succeed?
13. Write a note on independent corporate existence.
14. When can court order for lifting the corporate veil?
15. AB and C are the members of a company of a company and holding all shares of that
company. Then transferred their shares to X Y and Z. Whether the company having the
same entity?
16. Explain the advantages of incorporation of a company.
17. M was a wealthy man having huge dividend and income. He formed four private
companies and all his income was credited in the accounts of four companies and get
back his amount as a pretended loan for the purpose of tax evasion. Will the Court order
for lifting the corporate veil of those four companies?
18. State the different kinds of company.
19. Write a note on duties and liabilities of promoters.
UNIT-2
1. Explain the doctrine of Ultra-vires. What are the effects of Ultra-vires agreements?
2. Explain the procedure and requisites of a valid general meeting.
3. 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?
4. A Company inserted an advertisment 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?
5. Define Articles of association. Explain the alteration of AoA under Companies Act.
6. ‘Director are described as agents, trustee and as managing partner’ – Analyse.
7. In a Private Company there are only two directors on board of the company. One Director
was refused to support in the decision taking on a subject in the meeting. There was no
provision in the articles to increase or decrease the number of directors. Advise the
director.
8. Certain directors held a meeting of the Board. But they prevented some lawfully
constituted directors from attending the meeting. A quorum was however present.
Whether the Board meeting is valid?
9. Notice and Quorum are the essentials of company’s valid meeting. Discuss.
10. Damages for deceit is one of the remedy for misrepresentation in the prospectus.
Elucidate.
11. The Plaintiff was a transferee of a share certificate issued under the seal of the defendant
company. The certificate was issued by the company’s secretary, who affixed the seal of
the company and forged the signatures of the two directors. Advise the Plaintidd.
12. Write a brief note on powers of directors.
13. Explain the doctrine of indoor management with exceptions.
14. A on the instructions of certain gentlemen, prepared the necessary documents and
obtained the registration of a company. He paid the registration fee and incurred the
incidental expenses of registration. Afterwards the company refused to pay the expenses
to A. A wants to file a suit. Advise him.
15. Define Prospectus. Explain the contents of prospectus.
16. Write a note on name clause of the MoA.
17. Explain the clauses of MoA.
18. What was the rule laid down in Royal British Bank v. Turquand?
19. What are the remedies available for misrepresentation in prospectus?
20. Write a note on certificate of incorporation.
UNIT-3
1. What is meant by allotment of shares? Explain statutory restrictions and general

principles of allotment of shares.
2. Briefly discuss the circumstances under which a company may be wound up by the court.
3. 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
charge is it created by the film company?
4. 'X' had subscribed the M.O.A. of a company for 100 shares. The company was duly
registered but ultimately, he took only 10 shares. The company was wound up. What is
the extent of 'X's liability?
5. Describe the general principles and statutory restriction for allotment of shares.
6. Discuss briefly the conditions of relief for oppression in the company.
7. K was Bearer debenture holder of S Company. He transferred the same to R. the company
refused to pay the amount with interest to him. Whether R can claim it?
8. The Preferential shareholders were entitled to a preference divided at the rate of 10% per
annum and it was specified in the Articles of Association of the Company. They earned a
huge profit in the financial year. Preferential shareholders are claimed 15% dividend in
the company. The company was refused to pay the 15% of dividend. Is the preferential
shareholders are entitled for 15% of dividend?
9. What is voluntary winding up? Discuss members voluntary winding up of a company.
10. Discuss the different kinds of share capital of a company.
11. X a minor was registered as a shareholder. After attaining majority he received dividend
from the company. Subsequently the company went into liquidation. X denies his
liability. Decide.
12. Write a note on prevention of mismanagement.
13. Who is a company director? What are the powers and duties of a director?
14. Central Government’s power to prevent mismanagement.
15. State the different kinds of meetings held in a company.
16. M a person is already holds office of a director in 15 companies. He wants to become a
director of another company. Advise M.
17. Discuss the position of Director in a company.
18. Write a note on removal of Directors
19. Explain the different kinds of company meetings.
20. One company called annual general meeting in December 1999. This was adjourned to
March 2000 and then held. Subsequent meeting was held in Feb 2001. The company
contended that a meeting was held in that year. Is the contention of the company is
correct?
UNIT-4
1. Write an explanatory note on registration of stock brokers, sub-brokers and share transfer
agents.
2. Write a note on definition of securities.
3. Make a note on powers of SEBI under Securities Contracts (Regulation) Act, 1956.
4. Explain the statutory restrictions on allotment of shares.
5. A compay has been declared dividend and is not paid within thirty days from the date of
decleration. Shareholders wants to file a suit. Advise them.
6. What is debenture? Explain its kinds.
7. Write a note on Buy-back of shares.
8. Define dividend. Explain the rules regarding declaration and payment of dividend.
9. Write a note on kinds of share capital.
10. What is share? Explain the different kinds of share.
11. S had subscribed the Memorandum of a company for 200 shares. The company was sduly
registered but he ultimately took only 20 shares. At the winding up company asked took
only 20 shares. At the winding up company asked to pay for all the 200 shares. Is S is
liable to pay?
UNIT-5
1. Discuss the powers of Reserve Bank of India to regulate capital account transactions,
under the Foreign Exchange Management Act, 1999.
2. Discuss the powers of the Competition Commission of India, to enquire into agreements
and dominant position of enterprise, under the Competition Act, 2002.
3. Write a short note on 'Adjudicating Authority' under the FEMA,1999.
4. Write a short note on 'Penalty for furnishing incorrect.
5. Explain the composition, procedure and powers of appellate tribunal under the FEMA
Act, 1999.
6. State the powers and functions of competition commission of India.
7. Write a note on competition advocacy.
8. Authorised person under FEMA.
9. Explain the establishment, power and functions of special director (appeal) and Appellate
Tribunal under the FEMA Act, 1999.
10. Define Consumer and Service under the Competition Act, 2002.
11. Short note on Goods (Competition Act) and Adjudicating Authority (FEMA Act)
12. Under what circumstances the tribunal/court can order for compulsory winding up of a
company?
13. Write a note on preferential payment.
14. Explain the duties and powers of Tribunal with respect to amalgamation.
15. Write a not on members voluntary winding up.
16. Briefly explain voluntary winding up of a company.
17. Just and equitable grounds for compulsory winding up of a company.
18. State the duties and powers of Tribunal with respect to reconstruction and amalgamation
of a company.
19. Write a note on liquidator.

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UNIT-1

1. Explain the doctrine of 'Lifting the corporate veil'.

1. What is meant by allotment of shares? Explain statutory restrictions and general

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