BCOC-135 COMPANY LAW in English Solved Question Paper December 2021

BCOC-135 COMPANY LAW Solved Question Paper December 2021

COMPANY LAW
Course Code: BCOC-135

BACHELOR OF COMMERCE
(BCOM)
Term-End Examination
December, 2021
BCOC-135 : COMPANY LAW
Time : 3 hours Maximum Marks : 100
Note : Answer any five questions. All questions carry equal marks.
1. Describe the concept of Corporate Veil. Under what circumstances can this veil be lifted ? Explain. 20
2. (a) What do you mean by incorporation of a company ? What are the effects of registration of a company ? 2+10
(b) Describe the procedure of converting a public company into a private company. 8
3. (a) Explain doctrine of ultra vires with suitable examples. 10
(b) Distinguish between Memorandum of Association and Articles of Association. 10
4. What is forfeiture of shares ? What are the legal rules and effects of forfeiture of shares ? How is it different from surrender of shares ? 4+12+4
5. (a) Who can become a member of a company ? Explain. 10
(b) What are sweat equity shares ? What are the conditions for issuing sweat equity shares ? 10
6. (a) What is private placement of shares ? Discuss the conditions to be satisfied for private placement of shares. 10
(b) Distinguish between Rights shares and Bonus shares. 10
7. Discuss the powers of a Director. 20
8. (a) What is interim dividend ? Discuss the provisions under the Companies Act relating to interim dividend. 10
(b) Explain the ‘Just and Equitable’ grounds for winding up of a company. 10
9. Write explanatory notes on any two of the following : 10+10
(a) Managerial Remuneration
(b) Deemed Prospectus
(c) National Company Law Tribunal
(d) Resolutions