Symbiosis Law School, NOIDA

Constituent of Symbiosis International (Deemed University)

(Established Under Section 3 of the UGC Act, 1956 Vide Notification No. F.9 – 12/2001- U.3 of the Government of India)
Re Accredited By NAAC (UGC) with ‘A’ Grade |Approved by Bar Council of India
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Internal Continuous Evaluation (October 2021)
Tutorial
Course: Company Law - I
Semester: V (B.A./B.B.A.LL.B.)
(Batch: 2019-24)

Day and Date: Wednesday, October 6, 2021 Time: 03:00 PM – 04:30 PM

10
Instructions:
1) Type the answers and Upload/ turn in after completion of tutorial.
2) Mention your name, PRN, Division and Batch.
3) The answers of tutorial must be submitted on ‘Assignment @Microsoft Teams’ between 04:30 PM-
04:035 PM. Late submission will invite the penalty. Submission made between 04:36 PM - 04: 45 PM
will lead to deduction of 3 marks from the marks obtained in Tutorial. Submission made between 04:46
PM – 04:59 PM will lead to deduction of 5 marks from the marks obtained in Tutorial. No submission
will be accepted after 05:00 PM.
4) The examinees should complete all steps then submit and turn in the answer of the Tutorial on
‘Assignment@Microsoft Teams’. Examinees are required to attempt all the questions carefully
5) You are evaluated on understanding rather than recall and memorization.
6) The answer must be original. If it is found that the answer is copied from any source then zero marks
will be awarded.

Question 1. Some of the passed-out students of a law School gathered at the alumni meet. All were memorizing
past happening of the college time and now they have decided to start a business with them. They all claim to be
very good friends, but do not have a mutual confidence on each other. Advise them along with the statutory
framework to start a suitable mode of business organization which may be best suited to them. (5 Marks)

Question 2. ABC Ltd. Company is one of the famous companies of India in which each investor wishes to invest
the amount. Mr. A, a common man, believing on the same also invested ten lakhs Rupees in the same company
and became one of the members. The said company wishes to expand its business and borrowed a loan of ten
thousand crore from a bank, but unfortunately company got a loss and unable to discharge its liability towards
bank. The said bank filed a suit against the company and the members to recover its amount. Advise Mr. A
regarding the said case. (5 Marks)