Topics Covered:
Block-1 Company and Its Formation
Unit-1 Nature and Types of Companies
Unit-2 Public and Private Companies
Unit-3 Promoter
Unit-4 Formation of a Company
Block-2 Principal Documents
Unit-5 Memorandum of Association
Unit-6 Articles of Association
Unit-7 Prospectus
Block-3 Share Capital and Membership
Unit-8 Share and Loan Capital
Unit-9 Allotment of Shares
Unit-10 Transfer and Transmission of Shares
Unit-11 Membership of a Company
Block-4 Company Management
Unit-12 Directors
Unit-13 Managerial Remuneration
Unit-14 Company Secretary
Unit-15 Meetings and Resolutions
Unit-16 Contemporary Issues
Chapter-1 Company and Its Formation ………………..…....……1-48
Chapter -2 Principal Documents.............................................49-89
Chapter -3 Share Capital and Membership.…………………….…91-141
Chapter -4 Company Management …...................................…143-203
Note: Answer any five Questions.
Q1. (a) Explain the meaning of a Company.
Ans. Refer to Chapter-1, Q.No.-1 (Pg. No.-1)
(b) "A company is a legal person distinct from its members." Comment.
Ans. Refer to Chapter-1, Q.No.-1 (Pg. No.-1)
Q2. Who is a Promoter? "Promoters stand in a fiduciary relationship with the company they promote." Discuss.
Ans. Refer to Chapter-1, Q.No.-15, and Q.No.-17 (Pg. No.-25 and 28)
Q3. Explain the Doctrine of 'Ultra Vires'. What are its effects?
Ans. Refer to Chapter-2, Q.No.-4 (Pg. No.-45)
Q4. What is 'Articles of Association'? "The powers of altering articles are wide, yet they are subject to a large number of limitations." Discuss.
Ans. Refer to Chapter 2, Q.No.-7, and Q.No.-9 (Pg. No.-55 and 62)
Q5. Define a Prospectus. What are the remedies available to shareholders for misstatements in the prospectus?
Ans. Refer to Chapter-2, Q.No.-15, and Q.No.-20 (Pg. No.-70 and 82)
Q6. Explain the provisions of the Companies Act, regarding the acceptance of deposits by companies.
Ans. Refer to Chapter-3, Q.No.-10 (Pg. No.-107)
Q7. Who is a Member of a company? What are the different ways through which a person may become a member of a company?
Ans. Refer to Chapter-3, Q.No.-28, and Q.No.-29 (Pg. No.-120 and 123)
Q8. Who can be a Director of a company? Can a director of the company be appointed by the Board of Directors? Explain.
Ans. Refer to Chapter-4, Q.No.-1 (Pg. No.-144)
Q9. Discuss the requisites of a valid Annual General Meeting (AGM).
Ans. Refer to Chapter-4, Q.No.-27 (Pg. No.-180)
Q10. Write short notes on any two of the following:
(a) Foreign Company
Ans. Refer to Chapter-1, Q.No.-6 (Pg. No.-22)
(b) Deemed Prospectus
Ans. Refer to Chapter-2, Q.No.-18 (Pg. No.-45)
(c) Transfer of Share
Ans. Refer to Chapter-3, Q.No.-21 (Pg. No.-120)
(d) Compulsory Winding-up
Ans. Refer to Chapter-1, Q.No.-26 (Pg. No.-48)