Company Law · Semester 3

Company Law · March/April 2018

Download PDF
Study aid only. Confirm statute numbers with the current bare Act and the official OU LL.B. (3-YDC) 2024–25 syllabus PDF.

Official previous-year question paper (PDF scan), OU LL.B. Year 2 Semester 1 (III Semester). Download the file; question-to-topic mapping can be added later from this paper.

Osmania University · Faculty of Law

Company Law · March/April 2018

March/April 2018 · Company Law · Semester 3

FACULTY OF LAW
LL.B. (3 YDC) / LL.B. (Hons.) (3 YDC) II - Year III - Semester Examination, March / April 2018
Subject: LAW
PAPER - IV: COMPANY LAW
Code: 9562 | Time: 3 Hours | Max. Marks: 80
PART - A (5 x 6 = 30 Marks) — Answer any FIVE of the following:
1. Multinational Company.
2. First Directors of the Company.
3. Prospectus.
4. Dividends.
5. Oppression.
6. Class meeting.
7. Corporate Social Responsibility.
8. Winding Up.
PART - B (2 x 15 = 30 Marks) — Answer any TWO of the following questions:
9. "A company is a legal entity distinct from its members." In what cases do the courts ignore this
principle?
10. What are the advantages and disadvantages of incorporation of a company?
11. What are the different kinds of meetings of the shareholders of a company?
12. When may the court order that winding up shall be subject to the supervision of the court?
PART - C (2 x 10 = 20 Marks) — Answer any TWO of the following questions:
13. 'X' company lends to Y company on a mortgage of its assets. The procedure laid down in the
Articles for such transactions is not complied with. The directors of the two companies are the
same. Is the mortgage binding upon 'Y' company?
14. A company was authorised by its Articles to purchase its own shares. W sold his shares to the
company and before the price was paid, the company went into liquidation. Is W entitled to prove
in the liquidation for the price of the shares?
15. The directors of a company bought shares from 'A'. They disclosed to him that negotiations
were conducted for the sale of all the company's shares at a higher price than they were to pay to
'A'. 'A' sued to have the sale set aside. Will he succeed?
16. An offer by 'A' Co. Ltd. to purchase the whole of the issued share capital of "B" Co. Ltd. has been
accepted by the holders of nine tenths of the shares. What further steps can be taken by "A" Co.
Ltd. to acquire the holdings of the dissenting shareholders?

Part A · 6 marks

  1. Multinational Company.
    2× in bank
    Year and frequency →
  2. First Directors of the Company.
    2× in bank Topics: Appointment, duties and independent directors; Company, partnership, HUF and LLP distinguished
    Year and frequency →
  3. Prospectus.
    3× in bank Topics: Prospectus and pre-incorporation contracts
    Year and frequency →
  4. Dividends.
    Year and frequency →
  5. Oppression.
    2× in bank Topics: Majority rule, oppression and mismanagement
    Year and frequency →
  6. Class meeting.
    Year and frequency →
  7. Corporate Social Responsibility.
    2× in bank
    Year and frequency →
  8. Winding Up.
    Topics: Winding up and Insolvency and Bankruptcy Code
    Year and frequency →

Part B · 15 marks

  1. "A company is a legal entity distinct from its members." In what cases do the courts ignore this principle?
    Topics: Company, partnership, HUF and LLP distinguished
    Year and frequency →
  2. What are the advantages and disadvantages of incorporation of a company?
    2× in bank Topics: Company, partnership, HUF and LLP distinguished; Prospectus and pre-incorporation contracts
    Year and frequency →
  3. What are the different kinds of meetings of the shareholders of a company?
    Topics: Nature, kinds and lifting the veil; Kinds of shares and transfer; Company, partnership, HUF and LLP distinguished
    Year and frequency →
  4. When may the court order that winding up shall be subject to the supervision of the court?
    Topics: Winding up and Insolvency and Bankruptcy Code
    Year and frequency →

Part C · 10 marks

  1. 'X' company lends to Y company on a mortgage of its assets. The procedure laid down in the Articles for such transactions is not complied with. The directors of the two companies are the same. Is the mortgage binding upon 'Y' company?
    Topics: Appointment, duties and independent directors; Company, partnership, HUF and LLP distinguished
    Year and frequency →
  2. A company was authorised by its Articles to purchase its own shares. W sold his shares to the company and before the price was paid, the company went into liquidation. Is W entitled to prove in the liquidation for the price of the shares?
    Topics: Kinds of shares and transfer; Company, partnership, HUF and LLP distinguished
    Year and frequency →
  3. The directors of a company bought shares from 'A'. They disclosed to him that negotiations were conducted for the sale of all the company's shares at a higher price than they were to pay to 'A'. 'A' sued to have the sale set aside. Will he succeed?
    Topics: Kinds of shares and transfer; Appointment, duties and independent directors; Company, partnership, HUF and LLP distinguished
    Year and frequency →
  4. An offer by 'A' Co. Ltd. to purchase the whole of the issued share capital of "B" Co. Ltd. has been accepted by the holders of nine tenths of the shares. What further steps can be taken by "A" Co. Ltd. to acquire the holdings of the dissenting shareholders?
    2× in bank Topics: Kinds of shares and transfer
    Year and frequency →