Wednesday, April 01, 2015

Dibrugarh University Question Papers - Company Law (May' 2014)

2014 ( May)
( General / Speciality )
Course : 402
( Company Law )
Full Marks : 80
Pass marks : 32
Time : 3 hours

The figures in the margin indicate full marks for the questions.
1.    Write true or false :                                         1x4=4
(a)    A shareholder is an agent of the company.
(b)   The power to issue shares at a premium need not be permitted by the Articles of Association.
(c)    A mortgage of land is an example of fixed charge.
(d)   A member of company having no share capital can also appoint a proxy.

2.    Fill in the blanks :                                                                                        1x4=4
a.       A company incorporated in India but its all members are foreigners, then it will be a                ____ company.
b.       ____companies are not required to have any Memorandum or Articles of Association.
c.       The ____ may appoint an additional director.
d.      Share warrant is a ____ instrument.

3.    Write briefly (any four) :                                                     4x4=16
(a)    Memorandum of Association
(b)   Reserve Capital
(c)    Annual General Meeting
(d)   Qualification Share
(e)   Share Certificate
(f)     Floating Charge

4.    (a) Define Company. Discuss its major features.                       2+10=12
(b) Define private company. Explain the procedure for conversion of a private company               to a public company.                                                            3+9=12

5.    (a) Explain the provisions of the Companies Act relating to share transfer.                                    11
(b) What is Share? What are the differences between Equity Share and Preference Share?                         4+7=11

6.    (a) Distinguish between Fixed charge and Floating charge. When Floating charges are converted to a Fixed charge?                                                                                6+5=11
(b) What is Charge? Which charges need compulsory registration?

7.    (a) What is Annual Return? Discuss the particulars needed to be furnished in Annual Returns.                                                    3+8=11
(b) What are the particulars to be recorded in a register of members of a company? Under what circumstances and who can rectify register of members?

8.    (a) Discuss the procedure regarding removal of directors.                                            11
(b) What is the position of a director in a company –
(i)      as an agent;
(ii)    as a trustee;
(iii)   as a managing partner?