If you are a B.Com 5th Semester student under Gauhati University (or any college following a similar CBCS/NEP syllabus or Affiliated to Gauhati University), this post will help you prepare efficiently for your Corporate Laws paper.
We have compiled unit-wise Gauhati University BCom Corporate Law most important questions based on previous year papers, university patterns, and teacher recommendations. Covering these questions will help you strengthen your concepts and score high in your upcoming exams.
Corporate Law Important Questions 2025
Prepared By The Treasure Notes
For Complete Notes - Click Here! ☚
Corporate Laws – Unit 1 Introduction
❖ 1 Mark Questions (MCQ / Very Short)
1. Who is responsible for Company Law administration? [GU BCom 2022]
2. Which tribunal hears appeals from NCLT?
3. Full form of NCLT and NCLAT.
4. Which of the following hears company law matters on appeal? (NCLAT)
5. Certificate of incorporation is ______ evidence. [GU BCom 2016]
6. A company is an ______ person created by law. [GU BCom 2025]
7. The corporate veil may be pierced if the company evades taxes. [GU BCom 2016]
8. The minimum number of persons required to form a company is _____. [GU BCom 2018]
9. How many ‘One Person Company’ can a person incorporate? [GU BCom 2022, 2023]
10. Maximum number of directors in a One Person Company is _____. [GU BCom 2022]
11. The minimum number of members in a public company is _____. [GU BCom 2022]
12. The minimum number of members in a private company is _____. [GU BCom 2023, 2025]
13. Which of the following documents cannot be electronically filed with ROC? [GU BCom 2015]
14. A promoter can make secret profit? (True/False) [GU BCom 2013]
15. A partnership firm can be a member in ______. [GU BCom 2018]
16. Who appoints the first directors of a company? [GU BCom 2016, 2022]
17. A company is an artificial person with perpetual succession and a ______ seal. [GU BCom 2025]
18. Define DIN. [GU BCom 2022]
19. Which authority maintains company records at the state level? (Registrar of Companies)
20. True/False: The Companies Act 2013 extends to the whole of India. [GU BCom 2017]
❖ 2 Mark Questions (Short Answer)
1. Define a company. [GU BCom 2022]
2. State any two advantages of a joint stock company. [GU BCom 2022]
3. State one statutory provision relating to lifting of the corporate veil. [GU BCom 2013]
4. What is a small company? [GU BCom 2016]
5. What is a one person company? [GU BCom 2017]
6. Can a company become a partner of a partnership firm? [GU BCom 2014]
7. Who is a promoter? [GU BCom 2025]
8. What is meant by a pre-incorporation contract?
9. Mention two characteristics of a company.
10. State two differences between public and private company. [GU BCom 2022, 2023]
11. State any two situations where corporate veil may be lifted.
12. What is the role of NCLT?
13. State two documents required for incorporation of a company.
14. Who issues the certificate of incorporation? From which date does a company legally exist? [GU BCom 2012]
15. State two privileges enjoyed by a private company. [GU BCom 2022]
❖ 5 Mark Questions (Medium / Analytical)
1. State the grounds for lifting of corporate veil of a company. [GU BCom 2014]
2. Differentiate between Private Company and Public Company. [GU BCom 2022, 2023]
3. What is a private company? Discuss the privileges enjoyed by it. [GU BCom 2022]
4. Explain the procedure of online registration of a company. [GU BCom 2022]
5. Describe the procedure relating to formation of companies under the Companies Act, 2013. [GU BCom 2025]
6. What is the legal position of promoters in a company?
7. What are pre-incorporation contracts? Discuss their consequences. [GU BCom 2015]
8. Define and explain “illegal association” under Companies Act.
9. Write a short note on “Association not for profit”.
10. Discuss the differences between Memorandum and Articles of Association. (Relevant for Unit 2 but often overlaps with Unit 1 formation topics) [GU BCom 2013, 2016, 2018, 2022]
11. Write short notes on: (a) Certificate of Incorporation as conclusive evidence, (b) Promoter’s liability.
12. Discuss the concept and significance of online filing of documents with Registrar of Companies.
10 Mark Questions (Long / Essay Type)
1. Elaborately discuss the basic features/characteristics of a company citing relevant case laws. [GU BCom 2022, 2023, 2025]
2. “A company is a separate legal entity distinct from its members.” Discuss with reference to case law. [GU BCom 2014, 2017]
3. Examine the circumstances under which the court may lift the corporate veil. [GU BCom 2017]
4. State the various stages involved in the process of formation of a company. [GU BCom 2023]
5. Discuss the documents to be filed with Registrar at the time of incorporation of a company. [GU BCom 2015]
6. Explain the role and legal position of promoters in company formation. [Consolidation of GU BCom 2015, 2025]
7. Discuss the administrative authorities of Company Law with reference to NCLT, NCLAT, Special Courts, ROC.
8. Explain the concept of association not for profit and illegal association with examples. [Syllabus-based addition]
9. Write an essay on “One Person Company, Small Company, and Dormant Company” with reference to Companies Act 2013. [Expected – only partly asked in GU BCom 2016, 2017, 2018, 2022]
10. Critically analyze the importance of Certificate of Incorporation. Discuss its legal effect with case law. [GU BCom 2016]
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Corporate Laws – Unit 2 Documents
❖ 1 Mark Questions (MCQ / Very Short)
1. Prospectus contains the matters as specified in which Schedule of Companies Act, 1956? [GU BCom 2012]
2. Which of the following documents establishes the relationship between a company and the outside world? (MOA) [GU BCom 2022]
3. Articles of Association shall be: Printed, numbered, signed by each subscriber or All of the above? [GU BCom 2012]
4. The registered office clause of MOA contains: ______. [GU BCom 2013]
5. Doctrine of Indoor Management is also known as the ______ rule. [Expected]
6. The doctrine of constructive notice applies to: (MOA/ AOA / Prospectus). [Expected]
7. Which of the following documents must authorize a company to issue bonus shares? (AOA) [GU BCom 2022, 2025]
8. The Articles of Association can be altered by passing a ______ resolution. (Special resolution) [GU BCom 2023]
9. A misleading prospectus leads to ______. [Expected]
10. Red-herring prospectus is issued at the time of ______. [Expected]
11. GDR stands for ______. [GU BCom 2022]
12. Book-building is related to ______. [GU BCom 2015, 2014]
13. Who can be held responsible for misstatement in a prospectus? [GU BCom 2025]
14. What is the consequence of irregular allotment of shares? [GU BCom 2012, 2014]
15. Share warrant of a company is a ______ instrument. [GU BCom 2014]
2 Mark Questions (Short Answer)
1. State the difference between Memorandum of Association and Articles of Association. [GU BCom 2013, 2016, 2018, 2022]
2. What is a Red Herring Prospectus? [GU BCom 2015, 2022]
3. Define “shelf prospectus.” [Expected]
4. What is misstatement in prospectus? [GU BCom 2014, 2017, 2025]
5. What is meant by book-building? [GU BCom 2015, 2014]
6. What is meant by GDR? [GU BCom 2022]
7. What is irregular allotment? [GU BCom 2012, 2014, 2016, 2018]
8. What do you mean by forfeiture of shares? [GU BCom 2012, 2016, 2023, 2025]
9. What is transmission of shares? [GU BCom 2018]
10. What do you mean by buy-back of shares? [GU BCom 2013, 2016]
11. State two differences between share and stock. [GU BCom 2014, 2016]
12. What are bonus shares? [GU BCom 2017, 2022]
13. Who are liable for misstatement in prospectus? [GU BCom 2025]
14. Define “Statement in lieu of Prospectus.” [GU BCom 2013]
15. Mention two contents of MOA. [Expected]
❖ 5 Mark Questions (Medium / Analytical)
1. Distinguish between Memorandum of Association and Articles of Association. [GU BCom 2013, 2016, 2018, 2022]
2. Explain the Doctrine of Constructive Notice. [GU BCom 2013, 2014]
3. Explain the Doctrine of Indoor Management with exceptions. [GU BCom 2012, 2014]
4. Explain the remedies available for misstatement in prospectus. [GU BCom 2012, 2017, 2025]
5. Explain the meaning and consequences of irregular allotment. [GU BCom 2012, 2014, 2016, 2018, 2023]
6. Distinguish between share and stock. [GU BCom 2014, 2016]
7. Write short notes on: (i) Sweat equity shares, (ii) Right shares. [GU BCom 2012, 2015]
8. Explain the provisions relating to buy-back of shares. [GU BCom 2013, 2015, 2016]
9. What are the conditions and procedure of forfeiture of shares? [GU BCom 2012, 2016, 2023, 2025]
10. Explain briefly about the different types of debentures. [GU BCom 2012, 2017, 2018]
11. What do you mean by Bonus shares? Discuss their advantages and disadvantages. [GU BCom 2022]
12. Write a short note on transmission of shares. [GU BCom 2018]
13. Distinguish between Share Certificate and Share Warrant. [GU BCom 2013]
14. Distinguish between Rights shares and Sweat equity shares. [GU BCom 2015]
15. Explain “Statement in lieu of prospectus.” [GU BCom 2013]
❖ 10 Mark Questions (Long / Essay Type)
1. What are Articles of Association? Explain the procedure and limitations of alteration of articles. [GU BCom 2013, 2016, 2025]
2. Distinguish between Memorandum of Association and Articles of Association. [Repeated 2013, 2016, 2018, 2022 – ⭐ very important]
3. Discuss the Doctrine of Constructive Notice and Doctrine of Indoor Management with exceptions. [GU BCom 2012, 2014]
4. What is a prospectus? Is the issue of prospectus compulsory for a public company? What are the remedies for misrepresentation? [GU BCom 2012, 2017, 2025]
5. Explain the various matters to be stated in a prospectus. Who can be held liable for misstatement in a prospectus? [GU BCom 2014, 2022, 2025]
6. Write notes on: (i) Quorum of company meetings, (ii) Minutes of meetings. [GU BCom 2018]
7. What is an irregular allotment? State the grounds and consequences of irregular allotment. [GU BCom 2012, 2014, 2016, 2018, 2023]
8. What is meant by buy-back of shares? Explain legal provisions relating to buy-back. [GU BCom 2013, 2015, 2016]
9. Discuss the provisions of Companies Act, 2013 relating to forfeiture of shares. [GU BCom 2012, 2016, 2023, 2025]
10. Explain the procedure of transmission of shares. [GU BCom 2018]
11. What is meant by Bonus shares? Explain the statutory provisions regarding issue of bonus shares. [GU BCom 2022]
12. Explain Global Depository Receipts (GDR) with advantages. [GU BCom 2022]
13. What do you understand by book-building? Discuss its importance in capital issue. [GU BCom 2015, 2014]
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❖ Corporate Laws – Unit 3 Management
1 Mark Questions (MCQ / Very Short)
1. A managing director must also be a ______. [GU BCom 2012]
2. A company must have a whole-time secretary if the paid-up capital is Rs. ______. [GU BCom 2012, 2017]
3. Additional directors are appointed by ______. [GU BCom 2013]
4. Remuneration payable to manager of a company cannot exceed ______ % of net profit. [GU BCom 2013]
5. Minimum number of directors in a public company is ______. [GU BCom 2018]
6. Maximum number of directors in a public company is ______. [GU BCom 2015]
7. Every company shall hold the first meeting of the Board of Directors within ______ days of incorporation. [GU BCom 2017, 2025]
8. Who appoints the first directors of a company? [GU BCom 2016, 2022]
9. Independent director refers to ______. [GU BCom 2022]
10. A director cannot be reappointed. (Correct/Incorrect) [GU BCom 2023]
11. DIN stands for ______. [GU BCom 2022]
12. Who can remove a company director? [GU BCom 2022]
13. Who fixes the remuneration of the first auditor? [GU BCom 2023]
14. Who cannot convene an Extraordinary General Meeting? (Company Secretary) [GU BCom 2025]
15. Minutes of a general meeting are always signed by the Secretary. (True/False) [GU BCom 2017]
16. Quorum of AGM in a private company is ______. [GU BCom 2022]
17. Postal ballot means ______. [Expected]
18. E-voting is applicable to ______ companies. [Expected]
19. Mention one Board Committee mandatory under Companies Act, 2013. [Expected]
20. State whether appointment of a woman director is mandatory in listed companies. [GU BCom 2018]
❖ 2 Mark Questions (Short Answer)
1. State one qualification and one disqualification of a director. [GU BCom 2013, 2016]
2. What is Director Identification Number (DIN)? [GU BCom 2022]
3. Who can be appointed as a director of a company? [GU BCom 2013, 2017]
4. Define independent director. [GU BCom 2015]
5. What is meant by “whole-time director”? [GU BCom 2017]
6. What is meant by Key Managerial Personnel (KMP)? [Expected]
7. What is meant by postal ballot? [GU BCom 2017 – short note]
8. State any two requisites of a valid meeting. [GU BCom 2018]
9. Who is a Managing Director? [Expected – GU BCom 2025 long, but can be asked short]
10. What is quorum? [GU BCom 2022, 2025]
11. Mention two committees of the Board of Directors. [Expected]
12. State two functions of the Audit Committee. [Expected]
13. Mention two types of company meetings. [GU BCom 2022]
14. Define proxy in company meetings. [GU BCom 2012, 2017]
15. Mention two powers of directors. [Expected]
❖ 5 Mark Questions (Medium / Analytical)
1. State the qualifications and disqualifications of a director. [GU BCom 2013, 2016]
2. Discuss the powers of directors of a company. [GU BCom 2016]
3. What are the restrictions on the powers of directors? [GU BCom 2016]
4. Explain briefly the procedure of appointment of directors in a general meeting. [GU BCom 2012, 2017]
5. What do you mean by DIN? State its importance. [GU BCom 2022]
6. Distinguish between Managing Director and Manager. [GU BCom 2017, 2025]
7. Discuss the role of Key Managerial Personnel (KMP). [Expected]
8. State the functions of the Chairman of a shareholders’ meeting. [GU BCom 2012, 2015]
9. Write a short note on passing of resolution through postal ballot. [GU BCom 2017]
10. Explain the legal provisions relating to quorum of company meetings. [GU BCom 2022, 2025]
11. Explain briefly the different types of company meetings. [GU BCom 2022]
12. State the provisions regarding appointment and removal of directors. [GU BCom 2012, 2013, 2017, 2022]
13. Write short notes on: (i) Audit Committee, (ii) CSR Committee. [Expected]
14. What are the functions of the Nomination and Remuneration Committee? [Expected]
15. What is meant by the Stakeholders Relationship Committee? State its role. [Expected]
❖ 10 Mark Questions (Long / Essay Type)
1. Who is a director of a company? How are the directors appointed by a company in general meeting? [GU BCom 2012, 2017]
2. Explain the qualifications and disqualifications of directors. [GU BCom 2013, 2016]
3. Explain the powers and duties of directors under Companies Act, 2013. [GU BCom 2016]
4. Who can be appointed as a director? State the provisions of removal of directors. [GU BCom 2013, 2014, 2022]
5. Discuss the provisions of Companies Act relating to appointment of minimum and maximum number of directors. How can a director be removed? [GU BCom 2014]
6. Discuss the different types of directors: women, independent, small shareholder’s director. [GU BCom 2013, 2015, 2022]
7. What is meant by Key Managerial Personnel (KMP)? Explain their roles and responsibilities. [Expected]
8. Who is a Managing Director? Discuss the restrictions imposed on appointment and remuneration of MD. [GU BCom 2025]
9. Explain the provisions relating to Board Meetings under Companies Act (convening, conduct, requisites, quorum, postal ballot, video conferencing, e-voting). [GU BCom 2012, 2015, 2017, 2022, 2025]
10. Discuss the provisions of the Companies Act, 2013 relating to Annual General Meeting. [GU BCom 2017]
11. Discuss the procedure of appointing a Managing Director. Also state how many companies a person can be MD simultaneously. [GU BCom 2015]
12. Explain the committees of Board of Directors: Audit, Nomination & Remuneration, Stakeholders Relationship, CSR Committee. [GU BCom 2022 – partly asked]
13. Describe the duties and responsibilities of a company secretary. [GU BCom 2025]
14. Discuss the statutory provisions relating to quorum and types of company meetings. [GU BCom 2022, 2025]
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Corporate Laws – Unit 4
❖ 1 Mark Questions (MCQ / Very Short)
1. Dividend can be declared only out of ______. [GU BCom 2012]
2. Which section of the Companies Act deals with payment of dividend? [GU BCom 2014]
3. Interim dividend is declared by ______. [GU BCom 2013]
4. Dividend once declared becomes a ______ of the company. [GU BCom 2015]
5. Dividend must be paid within ______ days from declaration. [GU BCom 2016]
6. Who appoints the first auditor of a company? [GU BCom 2017]
7. Rotation of auditors is mandatory in which type of companies? [GU BCom 2022]
8. Who signs the auditor’s report? [GU BCom 2016]
9. Secretarial audit is conducted by ______. [GU BCom 2017]
10. Winding up means ______. [GU BCom 2012]
11. Name one mode of winding up. [GU BCom 2014]
12. Who can file a petition for compulsory winding up? [GU BCom 2013]
13. Insider trading refers to ______. [GU BCom 2018]
14. Who is an “insider”? [GU BCom 2022]
15. Whistle blowing means ______. [Expected]
16. Auditors are appointed at the ______ general meeting. [GU BCom 2013]
17. The minimum number of years an auditor can be reappointed continuously is ______. [GU BCom 2016]
18. State whether: Dividend can be paid out of capital. (True/False) [GU BCom 2014]
19. Secretarial audit is applicable to ______ companies. [Expected]
20. Compulsory winding up can be ordered by ______. [GU BCom 2017]
❖ 2 Mark Questions (Short Answer)
1. Define dividend. [GU BCom 2012]
2. State two provisions relating to payment of dividend. [GU BCom 2014]
3. Distinguish between final dividend and interim dividend. [GU BCom 2013, 2017]
4. Mention two conditions for declaration of dividend. [GU BCom 2016]
5. What are books of account? [GU BCom 2012]
6. State two provisions regarding maintenance of books of account. [GU BCom 2015]
7. What is meant by rotation of auditors? [GU BCom 2016]
8. State two disqualifications of an auditor. [GU BCom 2013, 2018]
9. What is meant by Secretarial Audit? [GU BCom 2017]
10. State any two duties of an auditor. [GU BCom 2016]
11. Define winding up. [GU BCom 2012]
12. State two differences between winding up and dissolution. [GU BCom 2013, 2016]
13. State two modes of winding up. [GU BCom 2014, 2017]
14. Define insider trading. [GU BCom 2018, 2022]
15. What is whistle blowing? [Expected]
❖ 5 Mark Questions (Medium / Analytical)
1. State the legal provisions regarding declaration and payment of dividend. [GU BCom 2014, 2016]
2. Explain briefly the sources of dividend under the Companies Act. [GU BCom 2012, 2015]
3. State the provisions relating to books of account of a company. [GU BCom 2012, 2015]
4. What are the qualifications and disqualifications of an auditor? [GU BCom 2013, 2016, 2018]
5. Explain the procedure for appointment and removal of auditors. [GU BCom 2016, 2022]
6. Explain the provisions relating to rotation of auditors. [GU BCom 2016, 2022]
7. Write a short note on Secretarial Audit. [GU BCom 2017]
8. Distinguish between winding up and dissolution of a company. [GU BCom 2013, 2016]
9. State the different modes of winding up of companies. [GU BCom 2014, 2017]
10. State the grounds on which a company may be compulsorily wound up. [GU BCom 2013, 2017]
11. Explain the concept of Insider Trading. [GU BCom 2018, 2022]
12. Write a short note on Whistle Blowing. [Expected]
13. Discuss the consequences of winding up of a company. [Expected]
14. Write a note on Auditor’s Report. [GU BCom 2016, 2017]
15. State the duties and liabilities of an auditor. [GU BCom 2016, 2018]
❖ 10 Mark Questions (Long / Essay Type)
1. Discuss the provisions of Companies Act relating to payment of dividend. [GU BCom 2012, 2014, 2016]
2. What are the sources of dividend? Explain the legal provisions relating to its declaration. [GU BCom 2012, 2015]
3. Explain the statutory provisions relating to books of account of a company. [GU BCom 2012, 2015]
4. Discuss the provisions of the Companies Act, 2013 regarding appointment, rotation and removal of auditors. [GU BCom 2016, 2022]
5. State the powers, duties and liabilities of auditors of a company. [GU BCom 2013, 2016, 2018]
6. What is meant by Secretarial Audit? Explain the provisions relating to it. [GU BCom 2017]
7. Define winding up. State and explain the various modes of winding up. [GU BCom 2012, 2014, 2017]
8. Discuss the circumstances under which a company may be wound up by the Tribunal. [GU BCom 2013, 2017]
9. Distinguish between winding up and dissolution of a company. [GU BCom 2013, 2016]
10. What is meant by Insider Trading? Explain its legal provisions. [GU BCom 2018, 2022]
11. Write an essay on Whistle Blowing – concept, mechanism, and importance. [Expected]
12. Explain the meaning of Auditor’s Report. What are its essentials? [GU BCom 2016, 2017]
13. Discuss the duties of an auditor in relation to fraud reporting. [Expected]
14. Critically analyze the importance of corporate governance in relation to insider trading and whistle blowing. [Expected]
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❖ Corporate Laws – Unit 5 Depositories Law
1 Mark Questions (MCQ / Very Short)
1. The Depositories Act was enacted in the year ______. [GU BCom 2012]
2. Depository system in India was introduced in the year ______. [GU BCom 2014]
3. Which was the first depository established in India? [GU BCom 2012]
4. NSDL was established in the year ______. [GU BCom 2015]
5. CDSL stands for ______. [GU BCom 2016]
6. Name two depositories in India. [GU BCom 2017]
7. Define “depository.” [GU BCom 2013]
8. Who is a beneficial owner? [GU BCom 2016]
9. Who is an issuer in the depository system? [GU BCom 2015]
10. Name one function of a depository participant. [GU BCom 2014]
11. State whether: “Depositories deal only with securities in dematerialized form.” (True/False) [GU BCom 2013]
12. Who regulates the working of depositories in India? [GU BCom 2017]
13. Full form of ISIN. [GU BCom 2018]
14. Who conducts inquiry and inspection under the Depositories Act? [GU BCom 2015]
15. Mention one penalty for failure to furnish information by depositories. [Expected]
❖ 2 Mark Questions (Short Answer)
1. Define Depository under the Depositories Act, 1996. [GU BCom 2013]
2. Mention two advantages of depository system. [GU BCom 2012, 2014]
3. Who are depository participants? [GU BCom 2014]
4. State any two rights of depositories. [GU BCom 2015]
5. State any two obligations of issuers under the Depositories Act. [GU BCom 2015, 2017]
6. State any two rights of beneficial owners. [GU BCom 2016]
7. Who is an issuer? [GU BCom 2015]
8. Define International Securities Identification Number (ISIN). [GU BCom 2018]
9. Mention two situations when SEBI can conduct inquiry under Depositories Act. [Expected]
10. State two penalties under the Depositories Act. [Expected]
11. Name two differences between depository system and physical shareholding. [Expected]
12. Who regulates depositories in India? [GU BCom 2017]
13. State two functions of NSDL. [Expected]
14. Mention two obligations of depository participants. [Expected]
15. State two features of the Depositories Act, 1996. [Expected]
❖ 5 Mark Questions (Medium / Analytical)
1. State the features and advantages of the Depository System. [GU BCom 2012, 2014]
2. Explain the rights and obligations of depositories. [GU BCom 2015, 2016]
3. State the rights and obligations of depository participants. [GU BCom 2015]
4. Discuss the rights and obligations of issuers under the Depositories Act. [GU BCom 2015, 2017]
5. Explain the rights of beneficial owners in the depository system. [GU BCom 2016]
6. Distinguish between Depository and Depository Participant. [GU BCom 2014, 2016]
7. Explain the role of SEBI in regulating depositories. [GU BCom 2017]
8. Write a short note on ISIN. [GU BCom 2018]
9. Explain inquiry and inspection provisions under the Depositories Act, 1996. [GU BCom 2015]
10. State the penalties provided under the Depositories Act, 1996. [Expected]
11. Explain the process of dematerialization of securities. [Expected]
12. Write a short note on CDSL and NSDL. [Expected]
13. Distinguish between Dematerialization and Rematerialization. [Expected]
14. Discuss the mechanism of transfer of securities in the depository system. [Expected]
15. State the obligations of investors under the Depository System. [Expected]
10 Mark Questions (Long / Essay Type)
1. Define depository. Discuss the rights and obligations of depositories under the Depositories Act, 1996. [GU BCom 2015, 2016]
2. Who is a depository participant? Explain his rights and duties. [GU BCom 2015]
3. Who is a beneficial owner? Explain his rights under the Depositories Act. [GU BCom 2016]
4. Explain the rights and obligations of issuers in relation to depositories. [GU BCom 2015, 2017]
5. Discuss the regulatory role of SEBI under the Depositories Act, 1996. [GU BCom 2017]
6. What are the features and benefits of the Depository System? [GU BCom 2012, 2014]
7. Explain the procedure of inquiry and inspection under the Depositories Act, 1996. [GU BCom 2015]
8. Discuss the penalties imposed under the Depositories Act for violation of its provisions. [Expected]
9. Explain the mechanism of dematerialization and rematerialization of securities. [Expected]
10. Critically examine the role of depository participants in the Indian capital market. [Expected]
11. Explain the importance of ISIN in the depository system. [GU BCom 2018 – short, expanded as essay]
12. Discuss in detail the functioning of NSDL and CDSL. [Expected]
13. Distinguish between Depository System and Physical System of shareholding. [Expected]
14. Evaluate the significance of Depositories Act, 1996 in the development of the Indian capital market. [Expected]
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By studying these unit-wise important questions, you’ll strengthen your concepts and boost confidence for the Gauhati University B.Com 5th Semester Corporate Law exam. The list includes common and frequently asked questions prepared from previous papers and teachers’ suggestions under the latest CBCS/NEP syllabus. Covering these Corporate Law Important Questions will help you focus on key topics like company formation, management, audit, and winding up. Regular revision and answer practice will ensure good marks and a strong understanding of Corporate Laws (Minor)—an essential subject for every commerce student aiming for success in business and finance.
