This Paper has 44 answerable questions with 0 answered.
|Time Allowed : 3 Hours||Full Marks : 100|
|The figures in the margin on the right side indicate full marks|
|Question No. 1(a) and 1(b) are compulsory and attempt any three from rest in|
Section I and any two from Section II.
| Section — I|
|1.||(a)||Comment on the following statements:||2x9|
|(i)||The Balance Sheet and Profit & Loss Accounts are authenticated by the Finance Director before submission to the Auditors for their report thereon.||(0)|
|(ii)||A Listed Company shall give notice regarding payment of dividend to the stock exchange at least 21 days in advance from the date of Board meeting and Dividend shall be paid to the members within 42 days from the date of singing of the Cheque/Dividend Warrent.||(0)|
|(iii)||A restrictive Trade practice is normally considered prejudicial to public interest.||(0)|
|(iv)||It is compulsory for every company to have Managing Director who may be of any age.||(0)|
|(v)||A minor can be admitted as a partner in a Partnership firm.||(0)|
|(vi)||Government has decided to issue "Ecomark" level to certain industrial products.||(0)|
|(vii)||Being a Chairman of Audit Committee he shall attend the meeting of Audit Committee but he cannot attend Board meeting and/or Annual General Meeting.||(0)|
|(viii)||Some creditors initiated legal proceedings against the Company. The Company changed its name. Due to change of name, all such legal proceedings will be dropped.||(0)|
|(ix)||In the event of death of an employee, amount of Gratuity is payable to any of his sons, who applies to the company.||(0)|
|(b)||Distinguish between Indemnity and Guarantee.||4||(0)|
Answer on the basis of legal provisions.
|(b)||State the different types of Directors.||4||(0)|
|(c)||What are the consequences in case of Contravention by a company under Water (Prevention and Control of Pollution) Act, 1974?||4||(0)|
|(d)||(i)||Notice for Annual General Meeting to be held on 30.4.08 has been posted on 1.4.08. |
An item which was not included in the said notice is required to be discussed and decision taken. How it is possible?
|(ii)||ABC Pvt. Ltd. a subsidiary to XYZ Ltd. has eleven directors. How many directors to retire by rotation in the next Annual General Meeting?||2||(0)|
State the correct position if the above statements are incorrect.
|(b)||Discuss the provisions of the Companies Act, 1956 regarding borrowing of funds by the public company.||4||(0)|
|(c)||Who is a small shareholder? |
Promoters of ABC Limited prepared Articles of Association inserting minimum 2 and maximum 15 directors for incorporation of the company. State the validity.
|(d)||(i)||Dishonoured cheque is not to be treated as an offence. —Comment.||2||(0)|
|(ii)||What is partnership by Holding Out?||2||(0)|
|4.||(a)||Distinguish between ‘Ordinary Resolution’ and ‘Special Resolution’.||4||(0)|
|(b)||Discuss the different types of meetings which are held in a Public Limited Company.||4||(0)|
|(c)||(i)||A Homeopathic Doctor treated a patient with allopathic medicine and the patient died. Can the wife of the deceased claim compensation under Consumer Protection Act, 1986.||2||(0)|
|(ii)||All dealership agreement require Registration (MRTP Act, 1959). —Comment.||2||(0)|
|(d)||(i)|| Mr. Ram who is Director of 15 Public Limited Companies and 1 private company received offers: |
Can he accept all the offers?
|(ii)||Board of Directors of ABC Ltd. which commenced business on and from 1.4.06 approved to donate Rs. 10 lakhs each to 2 political parties. —Comment on validity.||2||(0)|
|5.||(a)||Certain agreements are expressly declared to be void/unlawful. Answer with Rule position.||4||(0)|
|(b)||Who can apply and to whom for relief against oppression and mismanagement (Companies Act, 1956)?||4||(0)|
|(c)||Distinguish between ‘Bonus Issue’ and ‘Rights Issue’.||4||(0)|
|(d)||How a private company can be converted to a Public Company by own volition?||4||(0)|
|6.||Write explanatory notes on any four:||4x4|
|(c)||‘Future Goods’ and ‘Specific Goods’;||(0)|
|(e)||‘Office‘ or ‘Place of Profit‘.||(0)|
|(f)||Ancillary Industrial Undertaking (Ind. Dev. & Reg.) Act, 1951.||(0)|
|Section — II (Communication Skill)|
|7.||(a)||Draft a management discussion and Analysis Report which will form part of Directors Report to the shareholders.||8||(0)|
|(b)||Write a letter to your customer seeking extension of time for delivery by one month (assume justification/reasons for delay).||7||(0)|
|8.||(a)||Draft a Resolution for increase in Authorised Capital from Rs. 20 lakhs to Rs. 30 lakhs.||8||(0)|
|(b)||Prepare a letter to a customer whose cheque has been dishonoured by the banker.||7||(0)|
|9.||(a)||Write a letter to State Bank of India, Bangalore City Branch for opening of a Current Account. Also prepare Board's Resolution to be attached to the letter.||8||(0)|
|(b)||Draft a suitable show cause notice to an employee who has been absenting without leave and notice.||7||(0)|
|10.||(a)||Directors Report consist of different items and topics. Directors being one of such item. Draft on Directors’ covering retirement under rotation, appointment and other related particulars for inclusion in the Directors’ Report under Heading ‘Director’ to be sent to members with notice for Annual General Meeting.||8||(0)|
|(b)||Prepare and advertisement matter inviting prospective contractors for transportation of raw materials and finished goods of the Company.||7||(0)|