LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

M.Com. DEGREE EXAMINATION – COMMERCE

TH 38

SECOND SEMESTER – APRIL 2006

                                                              CO 2804 – COMPANY LAW

(Also equivalent to CO 2800)

 

 

Date & Time : 21-04-2006/FORENOON     Dept. No.                                                       Max. : 100 Marks

 

 

PART – A

 

 Define the following legal terms in 5 lines each:                                ( 10 x 2 = 20 Marks )

 

2. Company (Widley)
3. Promotion
4. Director
5. Investigation
6. Oppression
7. Shares
8. Dividends
9. Annual General Meeting
10. Ultra Vires Contracts.

 

PART – B

 

Answer any FIVE of the following questions; (Answer should not exceed 2 pages each:                                                                                                                   (5 x 8 = 40 Marks)

 

11. Who is a Promoter? Explain the legal position of  a promoter in relation to the company he promotes.
12. What is the procedure to be followed in altering the articles of association?
13. What are the differences between stock and shares?
14. What are the statutory provisions regarding the holding of a statutory meeting?
15. Explain the ruling in the Foss Vs    What are the exceptions to this ruling?
16. Explain any three methods for appointing directors in a meeting. Who are alternate directors?
17. Who can be appointed as auditors of a company? What are the rights and powers of an auditor in a company?
18. Explain the characteristics of a company.

PART – C

 

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

 ( 2 x 20 = 40 Marks)

 

19. Give the contents of the prospectus.
20. What are the provisions of the Companies Act for the prevention of oppression of the shareholders and mismanagement in a company.
21. What are the differences between transfer and transmission of shares. What is the procedure for transferring shares?   Do directors have the power to refuse to register the transfer of shares?

 

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