LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034
B.B.A. DEGREE EXAMINATION – BUSINESS ADMINISTRATION
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THIRD SEMESTER – APRIL 2008
BU 3501 – COMPANY LAW & SEC. PRACTICE
Date : 29/04/2008 Dept. No. Max. : 100 Marks
Time : 1:00 – 4:00
SECTION – A (10 X 2 = 20 marks)
Answer ALL the questions:
- What do you mean by perpetual succession of a company?
- Define a Government Company.
- What is certificate of incorporation?
- What is meant by doctrine of constructive notice?
- What are the books of account required to be kept by a company?
- List out various statutory books to be maintained by a public company.
- What are the sources from which dividend may be paid?
- What do you mean by divisible profit?
- What are the different types of Resolution?
- A company has 100 members. It sends notice of the General meeting to all of them. 20 members do not the meeting. Out of 80 members who are present 20 abstain from voting. How many members should vote in favour of a resolution if it is to be passed as a Special Resolution?
SECTION – B (5 X 8 = 40 marks)
Answer any FIVE questions:
- On the basis of liability, explain how companies are classified?
- Distinguish between ‘Memorandum of association’ and ‘Articles of association’.
- The doctrine of indoor management is a ‘silver lining’ to strangers dealing with the company’. Comment.
- State the requirements for filling of annual accounts of a company.
- State the important duties of the Secretary in maintenance of statutory and other books of a company.
- What are the duties of a company Secretary in connection with payment of dividend?
- State the conditions and procedure for the payment of interest out of capital.
- Write a note on ordinary resolution and special resolution.
SECTION – C (2 X 20 = 40 marks)
Answer any TWO questions:
- Define the term ‘promoter’. State the functions, duties and liabilities of the promoter.
- Explain in detail the various steps involved in incorporation of a public Limited company.
- Define the term dividend, Discuss the rules regarding the payment of dividends.