Test Papers / Previous Question Papers of Indira Gandhi National Open University ECO8 Company Law December 2006

Bachelor of Commerce (BCom)

Term-End Examination

Elective Course : Commerce

ECO8: Company Law

Time: 2 hours
Maximum Marks: 50 (Weightage 70%)

Note: Answer any five questions.

December 2006

1. (a) Define a "Private Limited Company"'

(b) What is meant by a separate legal entity and perpetual succession? (4, 6)

2. What is Memorandum of Association ? Explain its contents. (10)

3. (a) Point out the differences between a member and a shareholder. Can a minor becorne a member of a company?

(b) A company was registered on 1.1.2005. But the date on its certificate was wrongly put as 1.1.2004. From which date shall the company be regarded as registered ? (7, 3)

4. (a) How does 'transfer of shares' differ from 'transmission of shares' ?

(b) Under what circumstances can a company issue shares at a discount ? (5, 5)

5. (a) State the qualifications of a company secretary.

(b) When is 'resolution requiring special notice' passed ? 5, 5

6. Explain the position of directors in a company (10)

7. What is a statutory meeting ? When is it held? What is a statutory report and its contents? (2,2,6)

8. Point out the difference between a dissolution and winding-up of a company. Explain winding-up by court. (3,7)

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