Gauhati University BCom 5th Sem
Corporate Laws Question Paper 2023
Full Marks: 80, Time: 3 hours
The figures in the margin indicate full marks for the questions
1. Choose the correct answer for the following questions: 1x10=10
(a) The minimum number of members in a private company is
(i) 2. (ii) 4.(iii) 6.(iv) 8.
(b) Which one of the following documents is required to be filed with the Registrar of Companies at the time of incorporation of a public company?
(i) Articles of Association.
(ii) Memorandum of Association.
(iii) Prospectus.
(iv) All of the above.
(c) The maximum number of companies in which a person may hold the office of director at the same time is
(i) 8. (ii) 10. (iii) 15. (iv) 20.
(d) The remuneration of first auditor of a company is fixed by the
(i) Board Directors. (ii) Managing Director.
(iii) Company Secretary. (iv) All of the above.
(e) In which year was ‘The Depository Act’ passed?
(i) 1966. (ii) 1976.
(iii) 1986. (iv) 1996.
(f) A Director cannot be reappointed.
(i) Correct. (ii) Incorrect.
(g) The office of the Registrar of Companies is not a public office.
(i) Correct. (ii) Incorrect.
(h) A person can incorporate only one “One Person Company”.
(i) Correct. (ii) Incorrect.
(i) Articles of Association can be altered by passing a special resolution.
(i) Correct. (ii) Incorrect.
(j) Dividend cannot be paid out of capital.
(i) Correct. (ii) Incorrect.
2. Answer the following questions: 2x5=10
(a) Write the names of four statutory companies.
(b) What is a prospectus?
(c) Write two differences between Memorandum of Association and Articles of Association.
(d) What is a special resolution?
(e) Who can be appointed as auditor of a company?
3. Answer the following questions in about 200 words each: (any four) 5x4=20
(a) Write the differences between private company and public company.
(b) Write the differences between transfer and transmission of shares.
(c) Briefly state the main provisions regarding the annual general meeting of a company.
(d) Briefly state the various types of dividend.
(e) Briefly state the advantages of depository.
(f) Explain the features of the depository system. Also write the names of two depositories functioning in India.
4. Answer the following questions in about 600 words each: 10x4=40
(a) What is a company? State the characteristics of a company. 2+8=10
Or
State the various stages involved in the process of formation of a company. 10
(b) Discuss the procedures of alteration of (i) Name clause, and (ii) Object clause of Memorandum of Association. 7+3=10
Or
What is forfeiture of shares? State the procedures of forfeiture of shares. Also state the effects of forfeiture of shares. 2+4+4=10
(c) What is the meaning of ‘Director’ and ‘Board of Directors’? Discuss the different types of director of a company on the basis of provisions of the Companies Act, 2013. 2+8=10
Or
State the functions of the different committees required to be formed by the Board of Directors of a company. 10
(d) What is dividend? State the statutory provisions relating to declaration of dividend by a company. 2+8=10
Or
State the circumstances under which a company may be wound up by the National Company Law Tribunal. 10
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