LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

M.Com. DEGREE EXAMINATION – COMMERCE

RO 61

SECOND SEMESTER – APRIL 2008

CO 2804/ 2800 – COMPANY LAW

 

 

 

Date : 05-05-08                  Dept. No.                                        Max. : 100 Marks

Time : 1:00 – 4:00

 

PART – A

Answer ALL the following.                                                             (10×2=20 marks)

1. Define a company.
2. What is Articles of Association?
3. What is Memorandum of Association?
4. Define Prospectus.
5. What is Oppression?
6. What is a Government Company?
7. What are dividends?
8. Define a director.
9. What is transmission of shares?
10. What is Reconstruction of a company?

 

PART – B

Answer any FIVE questions.                                                           (5×8=40 marks)

1. Distinguish between a public company and a private company.
2. Distinguish between memorandum and articles of association.
3. Explain the rules regarding allotment of shares.
4. Explain the ruling in Foss vs Harbottle. What are the advantages of this ruling?
5. What is a Statutory Meeting? Explain the rules regarding the holding of a statutory meeting.
6. What are the differences between a share warrant and a share certificate?
7. Discuss the legal position of directors.
8. State the circumstances in which the investigation of the affairs of the company can be ordered.

 

PART – C

Answer any TWO questions.                                                           (2×20=40marks)

1. Explain the major clauses in the memorandum of association. How would you alter the memorandum of association.
2. How can directors be appointed in a company? What are the rights and duties of directors in a company?
3. Explain the rules regarding prevention of oppression and mismanagement of companies.

 

 

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