B.Com-B.Com 3rd Sem CORPORATE LAWS-EXAM CODE : 108503-SUBJECT CODE : 2018(Guru Nanak Dev University, Amritsar, Punjab-2013)

EXAM CODE : 108503
SUBJECT CODE : 2018
B.COM THIRD SEMESTER
CORPORATE LAWS
SECTION - A

1. EXPLAIN FOLLOWING IN BRIEF:-
(a) What do you understand by perpetual succession?
(b) What is a holding company?
(c) What are qualification shares?
(d) State the rule in Royal British Bank Vs. Turquand.
(e) Which companies must have their own Articles?
(f) Mr. Mehta applied for 200 shares in the name of a fictitious person. Subsequently shares were allotted to him in fictitious name. did Mr. Mehta incur any liability under the Companies Act?
(g) Define the term `subscribe capital`.
(h) What do you mean by rights issue ?
(I) What is an Annual Report ?
(j) What is Director Identity Number (DIN) ?
(k) What is resolution ?
(l) Postal Ballot.

SECTION - B
2. What is corporate veil ? When can it be lifted ?
3. "Memorandum of Association is a charter of the company". comment upon the staement and explain the clauses which are included in a memorandum of association of a company .
4. Define a Prospectus. Discuss the liability of a company for untrue statement or omission in its prospectus.
5. Describe briefly the procedure of Incorporation of a company.

SECTION - C
6. State the disqualifications of a Director under section 274.
7. Explain the grounds on which the court would consider it just and equitable to wind up a company.
8. What are the various kinds of meetings that can be held by a company, and briefly discuss the nature of business that can be transacted in each meeting ?
9. Explain the following :-
(a) Limited Liability Partnership
(b) Insider Trading.
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