CHANAKYA NATIONAL LAW UNIVERSITY

NYAYA NAGAR, MITHAPUR, PATNA- 800001

End Semester Examinations - July, 2020
Second Semester
Master of Laws (LL.M.)
Corporate Finance
Total Time: 3 hrs. Maximum Marks: 70
Answer all Questions. Roll No. - _______
Figures in the brackets indicate full marks.

1. Indian Companies are allowed to raise equity capital in the international market through the
issue of ADR/GDR. Briefly discuss the regulatory framework of ADR and GDR in India.
[16 Marks]
2. Explain Inboard and Outboard merger as defined in Foreign Exchange Management (Cross
Border Merger) Regulations, 2018.
[16 Marks]
3. What do you mean by Working Capital Finance? Negative Working Capital is a sign that the
Company may be facing financial trouble or bankruptcy. Explain this statement.
[16 Marks]
4. Discuss the law as laid down by the Supreme Court in Miheer H. Mafatlal Industries with
regard to the role of the Court in sanctioning the scheme of arrangement under Section 391
of the Companies Act, 1956.
[22 Marks]