LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.COM. DEGREE EXAMINATION – COMMERCE

TH 64

FOURTH SEMESTER – APRIL 2006

                                                                C 432 – COMPANY LAW

 

 

 

Date & Time : 02-05-2006/9.00-12.00        Dept. No.                                                       Max. : 100 Marks

 

 

PART – A  (10 ´ 2 = 20)

Explain  / Define the following concepts in five lines each.

1. Company
2. Prospectus
3. Government Company
4. Special Resolution
5. Memorandum
6. Statutory Meeting
7. Government Directors
8. Promoter
9. Indoor Management
10. Articles of Association

PART – B (5 ´ 8 = 40)

Answer any FIVE questions.  Answers should not exceed 2 pages each.

1. Explain the characteristics of a company
2. Differentiate between public and private companies.  What are the privileges of private companies.
3. Explain the rules regarding allotment of shares.
4. Explain the rules regarding the appointment of a Managing Director in a Company.
5. What are the difference between memorandum of association and articles of association.
6. Explain the liabilities of the promoter of a company.
7. Explain the rules regarding the holding of an annual general meeting of a company.
8. When will you lift the corporate veil of a company?

PART – C (2 ´ 20 = 40)

Answer any TWO questions.  Answer should not exceed 4 – 6 pages each.

1. Explain the contents of the prospectus.
2. How would you alter the memorandum of association?
3. Explain the procedure for transferring shares.  What is known as transmission of shares.

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