Company Law · Semester 3

Company Law · April/May 2023

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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 · April/May 2023

April/May 2023 · Company Law · Semester 3

FACULTY OF LAW
LL.B. (3 YDC) / LL.B. (3 YDC) (Hons.) II - Year III Semester Examination, April / May 2023
Subject: LAW
PAPER - IV: COMPANY LAW
Code: E-18694 | Time: 3 Hours | Max. Marks: 80
PART - A (5 x 6 = 30 Marks) — Answer any FIVE of the following:
1. Private company.
2. Doctrine of Ultra vires.
3. Kinds of shares.
4. Transmission of shares.
5. Statutory meeting.
6. Proxy.
7. Amalgamation of companies.
8. National Company Law Appellate Tribunal.
PART - B (2 x 15 = 30 Marks) — Answer any TWO of the following questions:
9. What are the characteristics of a company and what are the conditions required to lift the
corporate veil?
10. Explain the legal provisions relating to civil and criminal liability for misstatement in prospectus.
11. Discuss the position of Director in the company and the rights and duties of directors.
12. Examine the different modes of winding up of companies under the provisions of the
Companies Act.
PART - C (2 x 10 = 20 Marks) — Answer any TWO of the following questions:
13. A company altered the objects clause of its memorandum of association by passing a special
resolution. A copy of the resolution was filed with the Registrar four months after the passing of the
resolution. Can the registrar register the alteration?
14. Dharani Limited lends to Balaji Limited on a mortgage of its assets. The procedure laid down in
the AOA for such transactions is not complied with. The directors of the two companies are the
same. Is the mortgage binding upon Balaji Company?
15. Mr. Ashok, a Chartered Accountant, is the financial controller of Roop Industries Pvt. Ltd. for the
last 5 years. The company intends to appoint him as the statutory auditor for the company. Can the
company do so? Discuss.
16. Smt. Roja, an athlete, buys 200 shares in a company from Mr. Shetty on the faith of a share
certificate issued by the company. Roja tenders to the company a transfer to herself from Shetty,

duly executed together with Shetty's share certificate. The company discovers that the certificate in
the name of Shetty has been fraudulently obtained and refuses to register the transfer. Is Roja
entitled to get the registration of the transfer?

Part A · 6 marks

  1. Private company.
    2× in bank Topics: Company, partnership, HUF and LLP distinguished
    Year and frequency →
  2. Doctrine of Ultra vires.
    6× in bank Topics: Memorandum, ultra vires and indoor management
    Year and frequency →
  3. Kinds of shares.
    2× in bank Topics: Nature, kinds and lifting the veil; Kinds of shares and transfer
    Year and frequency →
  4. Transmission of shares.
    2× in bank Topics: Kinds of shares and transfer
    Year and frequency →
  5. Statutory meeting.
    3× in bank
    Year and frequency →
  6. Proxy.
    2× in bank
    Year and frequency →
  7. Amalgamation of companies.
    2× in bank
    Year and frequency →
  8. National Company Law Appellate Tribunal.
    Topics: Company, partnership, HUF and LLP distinguished
    Year and frequency →

Part B · 15 marks

  1. What are the characteristics of a company and what are the conditions required to lift the corporate veil?
    Topics: Company, partnership, HUF and LLP distinguished
    Year and frequency →
  2. Explain the legal provisions relating to civil and criminal liability for misstatement in prospectus.
    Topics: Prospectus and pre-incorporation contracts
    Year and frequency →
  3. Discuss the position of Director in the company and the rights and duties of directors.
    Topics: Appointment, duties and independent directors; Company, partnership, HUF and LLP distinguished
    Year and frequency →
  4. Examine the different modes of winding up of companies under the provisions of the Companies Act.
    Topics: Winding up and Insolvency and Bankruptcy Code
    Year and frequency →

Part C · 10 marks

  1. A company altered the objects clause of its memorandum of association by passing a special resolution. A copy of the resolution was filed with the Registrar four months after the passing of the resolution. Can the registrar register the alteration?
    Topics: Memorandum, ultra vires and indoor management; Company, partnership, HUF and LLP distinguished
    Year and frequency →
  2. Dharani Limited lends to Balaji Limited on a mortgage of its assets. The procedure laid down in the AOA for such transactions is not complied with. The directors of the two companies are the same. Is the mortgage binding upon Balaji Company?
    Topics: Appointment, duties and independent directors; Company, partnership, HUF and LLP distinguished
    Year and frequency →
  3. Mr. Ashok, a Chartered Accountant, is the financial controller of Roop Industries Pvt. Ltd. for the last 5 years. The company intends to appoint him as the statutory auditor for the company. Can the company do so? Discuss.
    Topics: Company, partnership, HUF and LLP distinguished
    Year and frequency →
  4. Smt. Roja, an athlete, buys 200 shares in a company from Mr. Shetty on the faith of a share certificate issued by the company. Roja tenders to the company a transfer to herself from Shetty, duly executed together with Shetty's share certificate. The company discovers that the certificate in the name of Shetty has been fraudulently obtained and refuses to register the transfer. Is Roja entitled to get the registration of the transfer?
    Topics: Kinds of shares and transfer; Company, partnership, HUF and LLP distinguished
    Year and frequency →