Law of Investments and Securities · Semester 6

Law of Investments and Securities · May/June 2011

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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 3 Semester 2 (VI Semester). Download the file; question-to-topic mapping can be added later from this paper.

Osmania University · Faculty of Law

Law of Investments and Securities · May/June 2011

May/June 2011 · Law of Investments and Securities · Semester 6

FACULTY OF LAW
L.L.B. (3 YDC) III - Year VI - Semester Examination, May / June, 2011
Subject : LAW
Paper - VII Optional - II (b) : LAW OF INVESTMENTS AND SECURITIES
Code No. 9082
Time : 3 Hours Max. Marks : 80

PART - A (5 x 6 = 30 Marks)
Answer any FIVE of the following:
1. Equity Shares.
2. Foreign Currency Convertible Debentures.
3. Inter Connected Stock Exchange of India.
4. Global Depository Receipts.
5. Prospectus.
6. SEBI Appellate Tribunal.
7. Floating Charge.
8. Transfer of Shares.

PART - B (2 x 15 = 30 Marks)
Answer any TWO questions:
9. State the powers and functions of SEBI under the model SEBI Act, 1992.
10. Explain in brief the various powers of RBI to regulate NBFC's.
11. Define 'Mutual Funds' and 'SPUS' and state their legal incidents.
12. Discuss in brief the guidelines issued by SEBI for protection of the interest of debenture-holders.

PART - C (2 x 10 = 20 Marks)
Answer any TWO of the following:
13. A company forfeited the shares of a shareholder because he made derogatory remarks against the
Board of Directors in a public meeting. Can it do so?
14. The Directors of a company received money on the sale of their shares, more than the money received
by the other selling shareholders. The Directors held controlling stock of shares. The other shareholders are

claiming that the directors hold the extra money in trust for the selling shareholders. Can they succeed in
their claim?
15. A company borrowed a sum of money against all its machinery, stock in trade and movables, present
and future. The possession of the properties was actually given to the lender. The other creditors argue
that it is a fixed charge. Do they succeed?
16. 'A' and 'B', a firm of stock-brokers, bought shares which were registered in the name of their clerk 'C'.
The company went into liquidation. The liquidator applied to the court that the names of 'A' and 'B' be
substituted for that of 'C' in the list of members and the list of contributories. Is the liquidator entitled to
succeed?

Part A · 6 marks

  1. Equity Shares.
    Year and frequency →
  2. Foreign Currency Convertible Debentures.
    Year and frequency →
  3. Inter Connected Stock Exchange of India.
    Topics: Recognised stock exchanges and listing
    Year and frequency →
  4. Global Depository Receipts.
    Topics: Depository, participant and beneficial owner; Pledge, transfer and SEBI's role in the depository system
    Year and frequency →
  5. Prospectus.
    2× in bank Topics: Prospectus, deemed prospectus and shelf prospectus
    Year and frequency →
  6. SEBI Appellate Tribunal.
    2× in bank
    Year and frequency →
  7. Floating Charge.
    3× in bank
    Year and frequency →
  8. Transfer of Shares.
    3× in bank Topics: Pledge, transfer and SEBI's role in the depository system
    Year and frequency →

Part B · 15 marks

  1. State the powers and functions of SEBI under the model SEBI Act, 1992.
    Year and frequency →
  2. Explain in brief the various powers of RBI to regulate NBFC's.
    Year and frequency →
  3. Define 'Mutual Funds' and 'SPUS' and state their legal incidents.
    Year and frequency →
  4. Discuss in brief the guidelines issued by SEBI for protection of the interest of debenture-holders.
    Year and frequency →

Part C · 10 marks

  1. A company forfeited the shares of a shareholder because he made derogatory remarks against the Board of Directors in a public meeting. Can it do so?
    Topics: Object, Board and registration of intermediaries
    Year and frequency →
  2. The Directors of a company received money on the sale of their shares, more than the money received by the other selling shareholders. The Directors held controlling stock of shares. The other shareholders are claiming that the directors hold the extra money in trust for the selling shareholders. Can they succeed in their claim?
    Topics: Recognised stock exchanges and listing
    Year and frequency →
  3. A company borrowed a sum of money against all its machinery, stock in trade and movables, present and future. The possession of the properties was actually given to the lender. The other creditors argue that it is a fixed charge. Do they succeed?
    Topics: Recognised stock exchanges and listing; Fraudulent and unfair trade practices; Harshad Mehta-era lessons
    Year and frequency →
  4. 'A' and 'B', a firm of stock-brokers, bought shares which were registered in the name of their clerk 'C'. The company went into liquidation. The liquidator applied to the court that the names of 'A' and 'B' be substituted for that of 'C' in the list of members and the list of contributories. Is the liquidator entitled to succeed?
    Topics: Recognised stock exchanges and listing
    Year and frequency →