DU SOL Question Paper 2018 B.Com (Hons.) Corporate Laws

[This question paper contains 6 printed pages.l

s99 Your Roll No.

B.Com. (Hons.) / II G

Paper Code : B-105

PAPER XII _ CORPORATE LAWS

Time : 3 Hottrs Maximum Marks : 55

(Llrrite your Roli No. on the top intmediately
on receipt of this question paper.)

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Note :- The maximum marks printed on the question puper
are applicable for the students of the regular colleges
(Cat. /,1. These marks will, however, be scaled up
proportionately in respect of the students o-f SOL at
the time of posting of awards for compilation of
result.

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Note :- Answers may be written either in English or in Hindi; but
the same medium should be used throughout the paper.

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Attempt all questions.
All questions carry equal marks.
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1. (a) Define corporate veil. when does the court lift up the
corporate veil ?
e)
(b) Define Private Company. (4)

OR

(a) Explain the meaning of pre-incorporation contracts.
What is the legal status of pre-incorporation contracts ?
(7)
(b) Write a note on illegal association. (4)

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2. (a) 'Power to alter Articles of Association is wide yet
subject to a number of conditions'. Do you agree ? If
so, elaborate the conditions. (7)

(b) Differentiate beiween transfer and transmission of
shares. (4)

OR

(a) What do you mean by doctrine of indoor management ?
Are there any exceptions to this doctrine ? Elaborate.
(7)
(b) State process of forfeiture of shares. (4)

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3. (a) Explain the recluisites of a valid meeting. (7)

(b) Write a note on shelf prospectus. (4)

OR

(a) Explain various provisions under listing agreement with
regard to corporate governance. (7)

(b) A husband and wife who were the only two members
of a prir.ate company died in an accident. .f)oes the
company also come to an end ? (4)

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A (a) What is the buy-back of securities ? State provisions
regarding buy-back of securities. Q)

(b) Write a note on Board Meeting. (4)

OR

(a) What are the various ways by which directors are
appointed ? Is it mandatory to have small shareholders
representative on the board ? Q)

(b) Write a note on Investors Education and Protection
Fund. (4)

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5. (a) What is D-mat of shares ? How does Depository Act
facilitate D-mat of shares ? Q)

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(b) Distinguish between Right Issue
and Bonr:s Issue.
(4)
OR

(a) What is the difference between
winding-up ancl
dissolution of company ? Explain provisions
regarding
voiuntary winding-up.
(7)

(b) A purchased from B 1000 shares
of a company on the
basis of a prospectus containing wrong
statements. ls
he entitled to the remedies avairabre
for mis-statement
in prospectus ? Comment.
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