LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

M.Com. DEGREE EXAMINATION – COMMERCE

TH 36

SECOND SEMESTER – APRIL 2007

CO 2804 – COMPANY LAW

 

 

 

Date & Time: 18/04/2007 / 1:00 – 4:00      Dept. No.                                                          Max. : 100 Marks

 

PART – A

 

Explain the following legal terms in FIVE line each:                                          (10 x 2 = 20 marks)

 

1. Company
2. Shares
3. Prospectus
4. Director
5. Allotment of shares
6. Operation
7. Memorandum of association
8. Qualification shares
9. Government company
10. Incorporation certificate

 

PART  – B

 

Answer any FIVE questions.  Answer should not exceed two pages each:             (5 x 8 = 40 marks)

 

1. What are the differences between memorandum and articles of association?
2. What are the differences between shares and stock?
3. Explain the rule in Foss verses Harbottle.  What are its exceptions?
4. Explain the facts of the case Royal British Bank V/S Turquand.  State its exceptions.
5. How will you alter the articles of the association?
6. Explain the rules regarding the allotment of shares.  What are the consequences of irregular allotment shares?
7. What are rights and duties of Director?
8. What are the differences between equity shares and preference shares?

 

PART – C

(2 x 20 40 marks)

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

 

1. State the contents of the prospectus.
2. How will you alter the memorandum of association clause wise?
3. Explain the various methods of appointing directors in a company.  Explain rules for calculating managerial remuneration payable to directors.

 

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