Osmania University · Faculty of Law
Company Law · January/February 2019
January/February 2019 · Company Law · Semester 3
FACULTY OF LAW
LL.B. (3 YDC) / LL.B. (Hons.) (3 YDC) II - Year III - Semester Examination, January / February 2019
Subject: LAW
PAPER - IV: COMPANY LAW
Code: 15183 | Time: 3 Hours | Max. Marks: 80
PART - A (5 x 6 = 30 Marks) — Answer any FIVE of the following:
1. Corporate Personality.
2. Doctrine of Ultravires.
3. Private Company.
4. Corporate Social Responsibility.
5. Definition of Company.
6. Pre-Incorporation Contracts.
7. Proxy.
8. NCLAT.
PART - B (2 x 15 = 30 Marks) — Answer any TWO of the following questions:
9. Explain the importance of the Memorandum of Association in the company's management.
10. Explain the importance of Meetings in company administration.
11. Explain the procedure to become a member of a company with suitable examples.
12. Write the salient features of the Companies Act, 2013.
PART - C (2 x 10 = 20 Marks) — Answer any TWO of the following questions:
13. 'X' was a transferee of a share certificate issued under the seal of the defendant company. The
certificate was issued by the company's secretary, who affixed the seal of the company and forged
the signatures of the three directors. Advise 'X' on legal action.
14. Mr. 'P', who was a minor, registered his name as a shareholder. After attaining majority, he
received a dividend from the company. Subsequently the company went into liquidation. 'P' denies
his liability. Decide.
15. A circus company borrowed a sum of money on the security of all its assets including machinery.
What kind of charge is created by the circus company? Examine.
16. 'A' had subscribed to the memorandum of a company for 100 shares. The company was duly
registered but ultimately he took only 10 shares. The company was wound up. What is the extent of
'A's liability? Explain.