Annual 2008
Subject Company Law
PAPER - 3
PART
I
Q.1. Give
the composition of “The Commission” and “The Board” under the SECP Act, 1997.
What are the qualification of the Commissioners and the members and how can
they be removed?
Q.2. Define a Private Limited
Company and a Public Limited Company and draw a distinction between the two.
Q.3. What is Memorandum of
Association of a Public Limited Company? List the six essential classes which
must be contained by it explaining each one of them fully.
Q.4. Giver a summary of facts
and explain fully the doctrine of “ Indoor-Management” as discussed in the case
of the Royal British Bank Vs Turquand are there any exception to it? Discuss.
Q.5. Define “Share”. How
allotment of a Share in a Public Limited Company is made? What restrictions are
imposed on such allotment?
Q.6. Give the majority and
period of notice required in order to validity pass:
(A) Special Resolution (b) Ordinary Resolution (c) Resolution requiring special notice.
Q.7. Define debenture. State
its contents. Enumerate the remedies of a debenture holder. How can they be
enfoced?
Q.8. How and when winding-up
subject to the supervision of the Court takes place of a Company?
PART II
Q.9. Define
a Promissory Note and a Bill of Exchange. Drawing a distinction between the
two.
Q.10. Discuss the privileges
enjoyed by a Holder in due course.
SUPPLEMENTARY 2007
Subject Company Law
PAPER - 3
PART
I
Q.1. State and discuss
various steps required for forming a public limited company.
Q.2. Give a brief account of
the facts and decision in the case of Salomon Vs. Salomon and Company Limited?
Q.3. Define a public limited
company. How does it differ from a partnership?
Q.4. What are Articles of
Association of a public limited company. In what way and subject to what
limitation may a company alter its Articles of Association?
Q.5. Discuss in detail the
Law and procedure of transfer of shares in a Public Limited Company. State the
circumstances of the transfer. Does an appeal lie against their refusal?
Q.6. What restriction that
Companies Ordinance places on the allotment of share capital offered by a
company to the public for subscription. Also state effect of irregular
allotment of shares of company.
Q.7. What is a Foreign
Company? What requirements are to be fulfilled before registration of such a
company with the SECP?
Q.8. Briefly explain the
different the different modes of winding up the Public Limited Company?
PART
II
Q.9. Define a
Bill of Exchange and cheque and draw a distinction between the two?
Q.10. Define a Promissory
Note. What are the essential elements of a Promissory Note?
Annual 2008
Subject Company Law
PAPER - 3
PART
I
Q.1. What do you understand
by the term “Promoter of a Company”. Enumerate their duties and liabilities.
How are they remunerated?
Q.2. Write a
note on Articles of Association of a
public limited company and distinguish it from a Memorandum of
Association.
Q.3. Define
Prospectus. What are the liabilities both Civil & Crime which arises as a
result of an untrue statement in a prospectus?
Q.4. State the law and
procedure to be followed by a public limited company for affecting a reduction
in its share capital. In what cases may a company’s creditor object to the
reduction of Capital.
Q.5. Describe the law
relating to the qualification, method of appointment, Power, Duties and
procedure for the removal of a company’s Auditor.
Q.6. Define a Private
Company. What is the procedure by adopting which the private company can
convert itself into a public limited company.
Q.7. Under what circumstances
a company may be wound-up voluntarily? When dose such winding-up commences and
also discuss the procedure which is to be adopted?
Q.8. Write notes on:
(a) Single Member
Company (b) Company Limited by
Guarantee.
PART II
Q.9. Define the following:
(a) Promissory note (b) Bill of Exchange (c) Cheque
Q.10. Define a bill of
Exchange and draw a distinction between a bill of exchange & a promissory
note.
Supplementary 2008
Subject Company Law
PAPER - 3
PART
I
Q.1. Explain the concept of a
Single Member Company. Describe its salient features and advantages of forming
such a company.
Q.2. What is Memorandum of
Association of a Public Limited Company? What are the six compulsory clauses in
it? Discuss each one of them in detail.
Q.3. Discuss the extent to
which the Memorandum and Articles of Association binds the
(a) The Member to the company
(b) Members inter-se
(c) The company to outsiders
Q.4. Define “Chief Executive”
How is he appointed? What are his terms of appointment & how is he removed?
Q.5. When & for what purposes:
(a) A statutory meeting (b) Ordinary general meeting
(c) Extraordinary general
meeting are convened.
Q.6. What are the provision
of the Company Ordinance as regards maintenance, Location. Closing and
ratification of register of members.
Q.7. What are the petition the Court and on what
grounds for compulsory winding-up of a public limited company and also describe
the procedure to be followed.
Q.8. Write notes on:
(a) Director of a Company (b) Auditor of a Company
PART II
Q.9. Define
a bill of Exchange and distinguish it from a cheque.
Q.10. What is a Negotiable
Instrument? Explain its essential characteristics.
Annual 2009
Subject Company Law
PAPER - 3
PART I
Q.1. Give the composition of
“The Commission” and “The Board Board” under the SECP Act, 1997. What are the qualification
of “The Commissioners” and “The Members” and how can they be removed?
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