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Company Law

BACHELOR'S DEGREE PROGRAMME


Term-End Examination


June, 2010 


ELECTIVE COURSE: COMMERCE 


ECO-8: COMPANY LAW


Time: 2 hours                                            Maximum Marks: 50


(Weightage 70%)


Note: Answer any five questions.

 SECTION - A


Answer any two questions from this section.

  1. Discuss the concept of corporate veil. Explain any four circumstances when this veil can be lifted.                                                                                                                                   2+8



  1. Discuss the privileges enjoyed by a private company.                                                        10

  2. What is meant by the certificate of incorporation? What are the effects of registration of a company ?                                                                                                                   3+7



  1. What is Memorandum of Association? Distinguish between Memorandum of Association and Articles of Association.                                                                                                  3+7

  2. Explain briefly the procedure of allotment of shares. What is irregular allotment? Explain.   5+5



  1. (a) Explain the rules regarding number of directors and directorship in a public and private company.                                                                                                                       4


(b) List the grounds when the office of a 6 director falls vacant.                                          6

  1. Enumerate the duties of a company secretary.                                                                 10

  2. Explain the requisites of a valid meeting.                                                                         10

  3. Write Notes on any two of the following:                                                                      5+5



  • Pre-incorporation contracts

  • Resolutions

  • Compulsory winding up

  • Share Warrant

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