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THREE L.L.B DEGREE EXAMINATIONS JANUARY-2011.

THIRDSEMESTERPaper III COMPANY LAW (Revised Regulations w.e.f. 2009-2010)Time: 3 Hours Max Marks: 100

Part-A (Short Answer Questions)Write short notes on any six questions of the following

Each question carries 4 Marks

(Marks: 6x4=24)

1. Doctrine of ultra virus 2. Promoters.

3. Difference between private company and public company.

4. Debentures.

5. Advantages of incorporation of a public limited company.

6. Quorum for the Board meeting. 7. Official liquidator.

8. Prospectus.

9. Statutory Meeting.

Part-B (ESSAY TYPE QUESTIONS)

Answer any Two of the following

Each question carries 18 marks

(Marks: 2x18=36)10. Describe the doctrine of lifting the corporate veil.11. What is the procedure for transfer for shares and restrictions on transfer?

12. What is the position of directors in a public limited company?

13. What are the various modes of winding-up of public limited?Part-c (Case Comment Type questions)Answer any two questions

Each question carries 20 marks

(Marks: 2x20=40)

14. The Tata Nano Company got power by its articles of association to issue debentures by passing an ordinary resolution in the Board of Directors. The Managing Director issued bonds to a without the requisite resolution. After two years. A sued the company for the recovery of money under the bonds.

15. A buys 100 shares of a public limited company from B through a stock broker He receives the share certificate and blank transfer deed signed by B but not lodge the transfer deed for registration. Examine the legal effect of the unregistered transfer between the Transferor and transferee. 16. The Board of Directors of Satyam Co. Ltd. Appointed Raju as the Managing Director and gave him all powers of management of the companys affairs. Raju had manipulated the accounts of the company to show that the company is running on very sound lines. But he stated after two years that he manipulated the accounts. How far he is responsible for the loss of the shareholders?17. The executive Director of a company purchased some stationery for the company but took it to his house for private use. The company refused to pay the supplier of the stationery on the plea that it never received the stationery. Decide.