Osmania University · Faculty of Law
Company Law · May/June 2016
May/June 2016 · Company Law · Semester 3
FACULTY OF LAW
LL.B. (3 YDC) II - Year III - Semester Examination, May / June 2016
Subject: LAW
PAPER - IV: COMPANY LAW
Code: 3094/BL | Time: 3 Hours | Max. Marks: 80
PART - A (5 x 6 = 30 Marks) — Write short notes on any FIVE of the following:
1. Public company.
2. Prospectus.
3. Doctrine of ultra vires.
4. Pre-incorporation contracts.
5. Statutory meeting.
6. First directors of the company.
7. Company Law Board.
8. Winding up of the company.
PART - B (2 x 15 = 30 Marks) — Answer any TWO of the following:
9. Explain the advantages and disadvantages of incorporation of a Company.
10. Explain the role of pre -incorporation contracts in the process of incorporation of a Public
Limited Company.
11. Explain the objective of meetings in a company. Discuss the importance of the AGM.
12. Explain the meaning of winding up of companies. Discuss the winding up procedure under the
supervision of the court.
PART - C (2 x 10 = 20 Marks) — Answer any TWO of the following:
13. A private company has 60 members in total, of which 10 are employees of the company. 5 of
these employees leave the employment of the company. Explain the consequences.
14. 'X' transfers his shares in a public company to 'Y'. The directors, however, refuse to register the
transfer or give reasons for their refusal. Discuss the legal position.
15. A joint stock company borrows money from 'Y' beyond its powers. Has 'Y', a shareholder, any
remedy against the company or directors?
16. A Public Limited Company has 15 directors, 4 of whom are not subject to retirement by rotation.
Is it a validly constituted Board?