Osmania University · Faculty of Law
Company Law · April/May 2022
April/May 2022 · Company Law · Semester 3
FACULTY OF LAW
LL.B. (3 YDC) / LL.B. (3 YDC) (Hons.) II - Year III Semester Examination, April / May 2022
Subject: LAW
PAPER - IV: COMPANY LAW
Code: D-12479 | Time: 3 Hours | Max. Marks: 80
PART - A (5 x 6 = 30 Marks) — Answer any FIVE of the following:
1. Definition of company.
2. LLP .
3. Debentures.
4. Promoter.
5. Doctrine of ultravires.
6. Red-herring prospectus.
7. Kinds of shares.
8. Amalgamation of companies.
PART - B (2 x 15 = 30 Marks) — Answer any TWO of the following questions:
9. "The memorandum of association is the fundamental law or a charter defining the objects and
limiting the powers of a company." Explain.
10. Write a note on conversion of shares into stock. Distinguish between share and stock.
11. What are the requisites of a valid meeting?
12. What do you understand by the winding up of a company? What are the different modes of
winding up?
PART - C (2 x 10 = 20 Marks) — Answer any TWO of the following questions:
13. A takes proceedings against the directors of a company of which he is a member to compel
them to make good losses sustained by the company owing to their fraud. Will he succeed?
14. The Articles of Association of a company require the instrument appointing a proxy to be
received by the company 75 hours before the meeting. Is it a valid requirement? If not, what are its
effects?
15. A public limited company has 5 directors, 4 of whom are not subject to retire by rotation. Is it a
validly constituted Board?
16. X company had no money to pay directors' fees. The directors thereupon paid into the
company's bank account the amount remaining unpaid on their shares and retook the amount as
fees. Does this give discharge to the directors' liability to pay on their shares?