Company Law Mains Question Answer Series 3: Important Questions for Judiciary Exams | Part – III

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 3: Important Questions for Judiciary Exams | Part – III

Question 1

'A Company is a distinct and separate legal entity different from its member'. Comment. In what situations the distinct personality of the company is disregarded? [BJS 1978]

Question 2

Explain Oppression and mismanagement in Company Management under Indian Companies Act and who can approach the Court in this regard. [BJS 1978]

Question 3

C, the promoter of a company, entered into a contract with D to buy a plot of land for the company. After incorporation, the company refused to buy the land. Advice D about his rights against C and the Company. [BJS 1984]

Question 4

'The old idea that general meeting alone is the company's primary organ and the directors are merely the company's agents or servants, at all times subservient to the general meeting, seems no longer to be the law as it is certainly not the fact.' How far do you agree with the above statement? Discuss with reference to decided cases and the case in which it cannot be invoked. [BJS 1986]

Question 5

What are the kinds of winding-up of the Company? Explain in detail. [BJS 2011]

Question 6

Discuss the composition of the National Company Law Tribunal (NCLT). Critically examine the status and powers of the National Company Law Tribunal. [BJS 2021]

Question 7

Discuss the rationale and qualifications of the 'independent directors'. Comment on the role of an independent director. [BJS 2021]

Question 8

What is Debenture? Explain its kinds.

Question 9

Write a note on the buyback of shares.

Question 10

What are the differences between the transfer and transmission of shares? What is the procedure for transferring shares? Do directors have the power to refuse to register the transfer of shares?

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