Company Law Mains Question Answer Series 5: Important Questions for Judiciary Exams | Part – V

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 5: Important Questions for Judiciary Exams | Part – V

Question 1

Discuss the modes of appointment of Directors of a Public Limited Company. What is the relation between Board of Directors and the Company they administer? [BJS 1979]

Question 2

(a) 'No Contract can bind a company before it becomes capable of entering into a contract by incorporation.' Discuss and explain the exceptions to this rule.

(b) Examine the liability of the promoters of a company for mis-statements made in the prospectus. [BJS 1980]

Question 3

A Ltd. Company was entitled under its articles of association to borrow money on bonds authorised by a general resolution at a general meeting. Without seeking such authorisation the company raised a loan by issuing bonds signed by two of its directors. Is the Company liable to repay the loans? Would it make any difference if the lenders knew of the irregularity before making advances? [BJS 1984]

Question 4

A Company created a floating charge on its assets in favour of a bank, B & Co., in consideration of a present advance of Rs. 50,000. Within a year the Company went in liquidation. Discuss the rights of B & Co., the Bank as a creditor of the company in the winding up proceedings. [BJS 1984]

Question 5

(a) What are the powers of the Government of India to prevent oppression and mismanagement in a Company?

(b) "Every person contracting with the Company is presumed to have Notice of the Memorandum and Articles of Association of the Company." this presumption is said to be 'unreal'. How have the courts minimised the rigour of the presumption? [BJS 1987]

Question 6

What are the special privileges of a private company?

Question 7

Describe the documents to be filed with the Registrar of the Companies prior to registration.

Question 8

Explain the procedure of allotment of shares.

Question 9

What is dividend? Discuss the law relating to payment of dividend by companies.

Question 10

What is Red-herring Prospectus?

• Company Law – Notes, Case Laws, And Study Material
• Test Series for Competitions