Punjab University 2011 B.A L.L.B Final of CORPORATE LAW (COMPANY LAW) (4582) in for Law students. - Question Paper
t*> Qntitim* : 9 Sub. Code: 4 5 8 2
Exam. Code : \1 I I 3
B.A. IJL.BL (Hobs.) 5 Years 7* Semester 2110/S
CORPORATE LAWI (COMPANY LAW)
Paper: III
Time Allowed; Three Hoars} (Maximum Marks : 80
Note : (i) Refer to statute and case law as and where required.
(2) Attempt any TWO questions from Unit-I.
<3) Attempt any TWO questions from Unit-11.
(4) Unit-Ill is compulsory.
UNITI
What is meant by Corporate Personality ? Discuss the attributes of a Corporate Personality and under what circumstances the corporate veil can be lifted ? 15
{) Discuss different clauses of Memorandum of Association. Also distinguish between Memorandum of Association and Articles of Association.
(b) XYZ (P) Ltd. Co. was incorporated on 1-1-2006 with the main object of manufacturing cements as stated in the Memorandum. Further, the other objects' stated in object clause of MOA included manufacturing of steel and steel
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ts s;ui to he the minor of companys ElwHtok' the statement highlighting the contents of AU\ oxpLun the liability for misstatement in a prospectus.
15
4. (a) What is a share certificate ? Discuss the restrictions on allotment of shares,
(b) The defendant A applied for 100 shares in a company incorporated in the name of PQRST Ltd. Co. by sending an application by post. The said company allotted rAC 100 shares soon after and dispatched the letter of allotment cv)*v ky Pst- ut the letter of allotment never reached the applicagOCan A be held liable as a shareholder
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%JEvery shareholder of a company,i/also its member while
every member may not be a shareholder of the company.
'Comment on this statement and explain who may become a
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member and how membership is acquired. 15
6. What is a Debenture ? What are the different kinds of debentures ? Differentiate between a shareholder and debentureholder. 15
7. What is the legal position of the Director ? the dui of a companys director.
8. What do you understand by winding up of a company ? various modes of winding up. 15
UNITIII
9. Write-short notes on :
ife) spppre**'0* ar>d Misma: c'fb) Kinds of Meetings
/(c) Pre-incorporation Contracts ?
Doctrine of Indoor Management. - 4><5=2
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