Paper Code:C-695(R-10)

Roll Number:
B.Com. (Honours) Part-III (Semester-VI) Examination (April-May 2013)

Subject: ACCOUNTS/MANAGEMENT Paper: Subsidiary

Paper Title: Company Law and Secretarial Practice
Maximum Marks: 150 Duration: 3 hrs. (Part-A: 20 min. and Part-B & C: 2:40 hrs. )

PART - A
(OBJECTIVE TYPE QUESTIONS)

Note: Separate ANSWER SHEET for marking the correct options of PART-A is provided. Tick () your
options on the answer sheet.
ikVZ&A ds iz’uksa ds lgh fodYi vafdr djus ds fy;s i`Fkd 'khV nh xbZ gS] vius fodYi blh 'khV ij fVd () yxkdj vaafdr djsaA

Marks: 30 (20 Questions of 1.5 Marks each)

Note: All questions are compulsory & carry equal marks.
lHkh iz'u vfuok;Z gSa vkSj lHkh ds vad leku gSaA

A-01: The word ‘Company’ is defined under which article in Company Act 1956?
^daiuh* 'kCn daiuh vf/kfu;e 1956 dh fdl /kkjk esa ifjHkkf"kr gS\
(A) Section 2(10) /kkjk 2(10) (B) Section 3(1)(i) /kkjk 3(1)(i)
(C) Section 10 /kkjk 10 (D) None of the above buesa ls dksbZ ughas

A-02: ‘Company is an artificial person created by law’. This definition is given by-
^daiuh jktfu;e }kjk fufeZr ,d d`f=e O;fDr gSA** ;g ifjHkk"kk nh gS&
(A) By Haney gSus }kjk (B) By James tsEl }kjk
(C) Lindley fy.Mys }kjk (D) None dksbZ ugha
A-03: The word ‘Promotor’ is defined in section-
^izo`Rrh 'kCn fuEufyf[kr /kkjk esa ifjHkkf"kr gS&
(A) Section 2(62) /kkjk 2(62) (B) Section (62)2 /kkjk ¼62½2
(C) Section 62(6) (A) /kkjk 62¼6½¼v½ (D) None of these dksbZ ugha
A-04: Why is memorandum of association Important?
Ikk"kZn lhek fu;e D;ksa egRoiw.kZ gS\
(A) It contains objects of the company blesa daiuh ds mn~ns’; dk mYys[k jgrk gSA
(B) It states the duties of the company blesa daiuh ds drZO;ksa dk mYys[k jgrk gSA
(C) It states liabilities of the company blesa daiuh ds nkf;Roksa dk mYys[k jgrk gSA
(D) It states functions of the company blesa daiuh ds dk;kasZ dk mYys[k jgrk gSA
A-05: Debenture can be issued-
_.k i= fuxZfer fd;s tk ldrs gSA
(A) On per Value leewY; ij (B) On premium izhfe;e ij
(C) On discount cês ij (D) On all of these buesa ls lHkh ij
A-06: Instrument of transfer is required for-
gLrkUrj.k izys[k ds fy;s vko’;d gS&
(A) Transfer of share va’kks dk gLrkUrj.k (B) Forfeiture of share va’kks dk gj.k
(C) Surrender of share va’kks dk leiZ.k (D) Transmission of share va’kks dk gLrkadu

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 Paper Code:C-695(R-10)

A-07: Secured creditors is-

Lkqjf{kr ysunkj gS
(A) Pledge fxjoh }kjk (B) Mortgage ca/kd }kjk
(C) Lien xzg.kkf/kdkj }kjk (D) All of the above mijksDr lHkh
A-08: How many kinds of debenture of a company are-
fdlh daiuh ds _.ki= fdrus izdkj ds gksrs gSA
(A) Registered and Bearer jftLVMZ ,oa okgd
(B) Mortgaged and ordinary debentures ca/kd ,oa lk/kkj.k
(C) Redeemable and irredeemable debenture 'kks/; ,oa v’kks/;
(D) All the above mi;qZDr lHkh
A-09: Directors are only fiduciary person or agent of the company this statement is-
Lakpkyd daiuh ds dsoy fo’oklkfJr O;fDr vFkok ,ts.V gSA ;g dFku gS&
(A) Lord selborn ykWMZ lSycksuZ (B) Lord Carins ykMZ d;uZl
(C) Lindley fy.Mys (D) None of the above mijksDr esa ls dksbZ ughasA
A-10: Which nos. of directors is the corum for meeting of Board of directors?
Lkapkyd eaMy dh lHkkvksa gsrq x.kiwrhZ ds fy, dqy lapkydksa dh la[;k D;k gksrh gS\
(A) One Third ,d frgkbZ (B) Half vk/kh
(C) Two Third nks frgkbZ (D) None of these buesa ls dksbZ ugha
A-11: How many times attend the meeting of board of directors should be held in the year?
lapkyd eaMy dh o"kZ esa de ls de fdruh lHkk;sa gksuk vko’;d gS\
(A) 02 (B) 04 (C) 06 (D) 08

A-12: Whose persons can remoral of the directors?

fduds }kjk lapkydksa dks gVk;k tk ldrk gS\
(A) Shareholders va’k/kkfj;ksa }kjk (B) Central Govt. dsUnzh; ljdkj }kjk
(C) By the Tribunal U;k;kf/kdj.k }kjk (D) All of the above mijksDr lHkh
Are the following statement true or False?
D;k fuEu fooj.k lR; gS ;k vlR;\
A-13: A director is an officer of the company.
,d lapkyd daiuh dk vQlj gksrk gSA
(A) True (B) False
A-14: According to section 252 each Public Company must have at least three directors.
/kkjk 252 ds vuqlkj] izR;sd yksd daiuh esa de ls de rhu lapkyd gksaxsA
(A) True (B) False

A-15: The retiring age of directors is 65 years.

Lkapkydksa ds lsok fuo`fRr dh vk;q 65 o"kZ gSA
(A) True (B) False

A-16: A person can become directors maximum 20 companies.

,d O;fDr vf/kdre 20 daiuh;ksa dk lapkyd gks ldrk gSA
(A) True (B) False

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 Paper Code:C-695(R-10)

A-17: Statutory meeting is held only once during the life time of the company.
oS/kkfud lHkk daiuh ds thou dky esa ,d ckj cqykbZ tkrh gSA
(A) True (B) False

A-18: All general meeting other than annual general meeting are called extra ordinary general meetings.
okf"kZd lk/kkj.k lHkk ds vykok leLr O;kid lHkk;sa vlkekU; lk/kkj.k lHkk;sa gksrh gSA
(A) True (B) False

A-19: The voting right is not a personal rights of the members.

Ekrnku dk vf/kdkj lnL;ksa dk O;fDrxr vf/kdkj ugh gksrk gSA
(A) True (B) False

A-20: 2/3 Majority of member of having voting right is required for special resoluation.
fo'ks"k izLrko ds fy;s er nsus okys lnL;ksa ds 2@3 cgqer dh vko’;drk gksrh gSA
(A) True (B) False

PART - B
(SHORT ANSWER TYPE QUESTIONS)
Marks: 32 (4 Questions of 8 Marks each)
Note: All questions are compulsory & carry equal marks.
lHkh iz'u vfuok;Z gSa vkSj lHkh ds vad leku gSaA

B-01: “A company is a legal person just as much as an individual but with no physical existence”. Explain
fully.
^^dkuwu }kjk daiuh] Bhd ,d O;fDr dh rjg gSa fdUrq ftldk dksbZ HkkSfrd vfLrRo ugh gksrk gS**A iw.kZ:Ik ls
le>kb;sA
Or
Describe functions, rights and liabilities of company promoters.
daiuh izorZdksa ds dk;Z] vf/kdkj ,oa nkf;Roksa dk o.kZu dhft;sA

B-02: Describe the procedure in connection with the issue and allotment of shares.
va'kks ds fuxZeu vkSj vkcaVu ds laca/k esa oS/kkfud O;oLFkkvksa dk o.kZu dhft;sA
Or
How and under what circumstance can a company reduce increase and reorganize its share capital?
,d daiuh dSls vkSj fdu ifjfLFkfr;ksa esa daiuh va’k iwath esa deh] o`f} rFkk iquxZfBr dh tk ldrh gS\
B-03: What are powers of directors? What restrictions have been imposed by the Companies Act on the
power of directors?
Lakpkydksa ds D;k vf/kdkj gSa\ daiuh vf/kfu;e ds vUrxZr lapkydksa ds vf/kdkjksa ij D;k izfrca/k yxk;s x;s gS\
Or
What are the liabilities of the directors? How a director can be removed from office?
lapkydksa ds D;k nkf;Ro gS\ ,d lapkyd vius in ls dSls gVk;k tk ldrk gS\
B-04: Discuss the Statutory Provisions regarding Board Meetings.
Lakpkyd e.My dh lHkh ds laca/k esa dkuwuh O;oLFkkvksa dk foospu dhft;sA
Or
State and explain the different classes of resolution which may be passed at the meetings of company.
mu fofHkUu izdkj ds izLrkoksa dks le>krs gq;s crkb;s ftUgsa daiuh dh cSBdksa ¼lHkkvksa½ esa ikfjr fd;k tk ldrk gS\

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 Paper Code:C-695(R-10)

PART -C
(ESSAY TYPE QUESTIONS)
Marks: 88 (4 Questions of 22 Marks each)
Note: All questions are compulsory & carry equal marks.
lHkh iz'u vfuok;Z gSa vkSj lHkh ds vad leku gSaA

C-01: Describe the objects, nature and importance of the Articles of Association of a Limited Company.
State purposes for which and the manner in which the articles can be altered?
,d lhfer nkf;Ro okys ize.My ds vUrfuZ;eksa ds mn~ns’;ksa] izd`fr ,oa egRo dk o.kZu dhft;sA mu mn~ns’;ksa rFkk
fof/k;ksa dks le>kb;s ftuls vUrfuZ;eksa esa ifjorZu fd;k tk ldrk gSA
Or
What is Company Prospectus? Explain the provision of law relating to the issue and registration of
prospectus. What are the consequences of mis-statement of fraudulent?
daiuh izfooj.k D;k gS\ izfooj.k fuxZeu rFkk iath;u ds laca/k esa fo/kku dh O;oLFkkvska dks le>kb;sA izfooj.k esa
feF;kdFku ;k diVe; fooj.k ds D;k ifj.kke gksrs gS\

C-02: State the procedure for reducing the share capital of a company. Is it necessary to obtain the approval
of tribunal for such reduction?
,d daiuh dh va’k iwath de djus dh jhfr dk o.kZu dhft;sA D;k va’k iwath de djus ds fy;s U;k;kf/kdj.k dh
Lohd`fr izkIr djuk vko’;d gS\
Or
What is Share Certificate? When it should be issued to the allottee and the transferee and what
remedies are available to a shareholder whose share certificate is lost on destroyed.
va’k izek.k i= D;k gS\ ;g izek.k i= vkcaVu izkIrdrkZ vkSj gLrkUrfjrh dks dc fuxZfer djuk gksrk gS vkSj ml
va’k/kkjh dks D;k mipkj lqyHk gS ftldk va’k izek.k i= [kks x;k ;k u"V gks x;k gks\

C-03: What is the legal position of directors in a company? Are they liable for their acts to third parties?
lkoZtfud daiuh esa lapkydksa dh oS/kkfud fLFkfr D;k gS\ D;k lapkyd vius dk;ksZa ds fy;s r`rh; i{kdkj ds izfr
mRRkjnk;h gS\
Or
Define the company secretary. Explain the Provision of the Company Act regarding the appointment
and remuneration of Company Secretary.
daiuh lfpo dh ifjHkk"kk nhft;sA daiuh lfpo dh fu;qfDr ,oa ikfjJfed ls lacaf/kr daiuh vf/kfu;eksa ds izko/kkuksa
dh O;k[;k dhft;sA

C-04: What main points are covered in the Chairman’s speech to be delivered on the occasion of Annual
General meeting of a company. Prepare a draft of one such speech.
,d daiuh dh okf"kZd lk/kkj.k lHkk esa fd;s tkus okys v/;{kh; Hkk"k.k ds izLrko ds izHkko fcUnq D;k gksrs gaS\ ,sls
Hkk"k.k dk uewuk nhft;sA
Or
What are the businesses that can be transacted only at a meeting of Board of Directors? Describe the
provisions regarding the report of Board of Directors.
os dkSu ls dk;Z gSa ftUgsa lapkyd e.My }kjk vk;ksftr cSBd djds gh fd;s tk ldrs gSa\ lapkyd e.My ds
izfrosnu laca/kh izko/kkuksa dk o.kZu dhft;sA

The End

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