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tl Semester 3 Year
Examination, December 2016
COMPANY LAW
Duration :3 Hours Max. Marks : 100

lnstructions: 1. Answer Q. No.9 and any five of the remaining questions.

2. Q. No. 9 carries 20 marks and the remaining questions
carry 16 markseach.
3, Answers should be written either in English or Kannada
only.
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Q. No. 1. Explain the circumstances in whioh the "corporate veil,,of the

company will be lifted by the court. Marks : 16
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Q. No. 2. "company cannot be sued for pre-incorporation contracts."
Discuss. Marks : 16
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Q. No. 3. Explain the doctrine of lndoor Management with exceptions. Marks : 16

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Q. No. 4. Define "Prospectus". what are the remedies availabie for

misrepresentation in the prospectus ? Explain. Marks : 16
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Q. No. 5. State the powers dnd duties of directors in the company. Marks : 16
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Q. No. 6. Explain the different types of share capital. Marks : 16

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Q. No. 7. Discuss the members'voluntary winding up of the company. Marks : 16

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Q. No" B, Write short notes on any two of the following : Marks : 8x2=16
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a) Doctrine of ultra vires.
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b) Forfeiture of shares.
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c) Rule laid down in "Foss V/s Harbottle".
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Q. No. 9. Solve any two of the following problems : Marks : 2x1O=20
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a) 'A'transferred certain land to 'B' on a condition that'B'would

never sell the land to coloured persons. 'B' sold the land to a
company composed exclusively of Negros. 'A'took action for
the annulment of the transfer on the ground that property had
passed to coloured persons. Will he succeed ?
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b) A Company's Articles provides that a becomes

bankrupt shall often for sale of his shares to other share holders
at the price fixed by the directors. Decide the validity of the
provision.

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c) The directors of a company by two resolutions resolved to
make a call. But neither resolutions have specified the date
and amount of payment. ls the callvalld ?
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