Company Question Paper’ 2021 (Held in 2022)
Gauhati University B.Com 3rd Sem, CBCS Pattern
(SEM-3/CBCS) CL
2021 (Held in 2022)
COMMERCE (Regular)
Paper: COM-RC-3016 (Company Law)
Full Marks: 80
Time: Three hours
The figures in the margin indicate full marks for the questions.
1. (A) Choose the most appropriate answer from the given options in respect of the following: Â Â Â 1×5=5
(1)Â Â Â Â Â Â Which one of the following is not a characteristic of joint stock company?
(a)Â Â Â Â Â Â Independent legal entity.
(b)Â Â Â Â Â Â Perpetual succession.
(c) Â Â Â Â Â Â Common seal.
(d)Â Â Â Â Â Â Ultimate liability.
(2)Â Â Â Â Â Â Which document contains the rule regarding internal management of a company?
(a)Â Â Â Â Â Â Memorandum of Association.
(b)Â Â Â Â Â Â Articles of Association.
(c) Â Â Â Â Â Â Prospectus.
(d)Â Â Â Â Â Â Statutory books.
(3)Â Â Â Â Â Â The minimum number of director in a public company is
(a)Â Â Â Â Â Â Three.
(b)Â Â Â Â Â Â Four.
(c) Â Â Â Â Â Â Two.
(d)Â Â Â Â Â Â Five.
(4)Â Â Â Â Â Â According to the Companies Act, a company has to keep its books of accounts in
(a)Â Â Â Â Â Â Head office.
(b)Â Â Â Â Â Â Registered office.
(c) Â Â Â Â Â Â All the branch offices.
(d)Â Â Â Â Â Â All of the above offices.
(5)Â Â Â Â Â Â Which of the following parties cannot appeal for winding up of a company?
(a)Â Â Â Â Â Â Registrar of companies.
(b)Â Â Â Â Â Â Debtors of the company.
(c) Â Â Â Â Â Â Creditors of the company.
(d)Â Â Â Â Â Â Central government.
(B) State whether the following statements are True or False: 1×5=5
(1)Â Â Â Â Â Â The capital clause of a Memorandum cannot be altered.
(2)Â Â Â Â Â Â The Articles of Association establishes the relationship between the company and the outside world.
(3)Â Â Â Â Â Â The minimum number of person required to form a company is one.
(4)      The minimum number of members that must be present for a valid meeting is called ‘quorum’.
(5)Â Â Â Â Â Â Dividend can be paid in cheque.
2. Give brief answer to the following: Â Â Â Â 2×5=10
(1)Â Â Â Â Â Â Define company.
(2)      What is meant by ‘prospectus’?
(3)Â Â Â Â Â Â State the provisions of the Companies Act, 2013 relating to appointment of women directors.
(4)Â Â Â Â Â Â What is interim dividend?
(5)Â Â Â Â Â Â State the meaning of whistle blowing in the context of a company.
3. Answer any four questions from the following: Â Â Â Â Â Â Â Â Â Â Â Â 5×4=20
(1)Â Â Â Â Â Â Explain the basic features of a joint stock company.
(2)Â Â Â Â Â Â Explain the procedure of issue of bonus share by a company.
(3)Â Â Â Â Â Â Examine the legal position of the director of a company.
(4)Â Â Â Â Â Â Describe in brief the procedure of appointment of auditors in a public company.
(5)Â Â Â Â Â Â What is meant book building? What are different steps involved in book building process?
(6)Â Â Â Â Â Â Differentiate between Memorandum of Association and Articles of Association.
4. Elaborately discuss about different types of companies that can be formed under the Companies Act, 2013. Â Â Â Â 10
Or
Describe in detail, about different stages involved in the formation of a company. Â Â Â Â Â Â Â Â 10
5. What is Memorandum of Association? What are its different clauses? Explain. Â Â Â Â Â Â Â Â Â Â Â Â Â Â 2+8=10
Or
What is meant by allotment of shares? Examine in detail, about the provisions of the Companies Act, 2013 relating to allotment of shares. Â Â Â Â Â Â 2+8=10
6. Discuss the powers and duties of directors under the Companies Act, 2013. Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 10
Or
What is dividend? Explain the statutory provisions relating to declaration and payment of dividend. Â Â Â Â Â Â Â Â Â 2+8=10
7. Under what circumstances a company can be would up? Also state the procedure to be followed in case of winding up of a company. Â Â Â Â Â Â Â Â Â Â Â Â Â Â 4+6=10
Or
Write a detailed note on different types of company meetings. Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 10
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