Company Law Mains Question Answer Series 4: Important Questions for Judiciary Exams | Part – IV

Legal Bites presents the Company Law Important Question-Answer Series. The questions listed here will help students study for various Competitive and University Exams. Candidates can use Legal Bites' list of questions to help them determine the most important and often asked questions and practice their aptitude and knowledge.

Answering questions is a continuous process that is an inevitable component of any test preparation, as we all know. A well-written response displays not just a candidate's knowledge but also his or her ability to tailor the content to the question's requirements.

It is vital to prepare for this exam to pass it thoroughly. To attain mastery over the subjects studied, applicants only need to keep practising these questions in the months coming up to the examinations. Following it, the candidate's confidence level, as well as their scores, will vastly improve.

Company Law Mains Question Answer Series 4: Important Questions for Judiciary Exams | Part – IV

Question 1

(a) "The object of winding up provisions of Companies Act is to put unsecured creditors upon an equality and pay them pari passu." In the light of the above statement, explain in detail the different modes of winding up of company under Indian Law. 

(b) 'Majority will have its way but the minority must also be allowed to have its say.' Discuss with reference to oppression and mismanagement in a Company. [BJS 1986]

Question 2

Write Comments on the following [BJS 1987]:

(i) Transfer and transmission of shares.

(ii) Floating Charge

(iii) Contribution by a Company to political parties 

Question 3

(a) Discuss the positions of company directors.

(b) Under what circumstances can winding up of a company by the Court be possible? [BJS 2011] 

Question 4

Distinguish between [BJS 1975]:

i) Shareholder and Debenture Holder

ii) Manager and Managing Agent

iii) Share Certificate and Share Warrant

iv) Holding Company and Subsidiary Company

v) Joint Stock Company and Government Company

Question 5

(a) Directors are not only agents but they are in some sense and to some extent trustees or in the position of trustees. 'Comment'. 

(b) What is the Prospectus of a Company? What is the effect of misrepresentation in the prospectus? [BJS 1977]

Question 6

Distinguish between debenture and share.

Question 7

Write a short note on ‘Lifting of corporate veil’.

Question 8

Discuss the significance of Corporate social responsibility in a company.

Question 9

Describe the case ‘Salomon v. Salomon and Co. Ltd.

Question 10

What are the types of Companies under the Companies Act, 2013? Distinguish between a Public and a Private company.

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