LL.M Corporate and Securities Law 1st Year Paper V: GENERAL PRINCIPLES OF COMPANY LAW-II(Acharya Nagarjuna University (ANU), Guntur, Andhra Pradesh-2012)

LL.M. (Previous) DEGREE EXAMINATION, MAY 2012.
First Year
Corporate and Securities Law
Paper V— GENERAL PRINCIPLES OF COMPANY LAW – II
Time : Three hours Maximum : 100 marks
Answer any FIVE questions.
All questions carry equal marks.
1. Explain the term ‘share capital’. Elaborate different types of share capital.
2. “A limited company with a share capital can alter the capital clause of its memorandum of association, provided authority to alter is given by the articles. Explain. In what ways such alteration can be done and under what limitations?
3. What is ‘External Commercial Borrowings’? Describe the procedure of accessing external commercial borrowing through approval route.
4. Explain the objectives of and various restrictions on Buy back of securities by listed company.
5. Explain the concept of despository system and benefits derived out of it. Outline the legal frame work within which it is to be operated.
6. “Dividend means the share of profit that falls to the share of each individual member of a company. It is that portion of the corporate profits which has been set aside and declared by the company as liable to be distributed among the share holders”. Explain.
7. Explain about inter-corporate loan and investments as laid down in sec. 372-A of Companies Act,
8. “It is usual, though not essential, for debentures to create a charge on the company’s assets”. What charges a company may create on its assets? Explain.
9. “Deposits should be invited in accordance with the deposit sales and by an
advertisement accompanied by a statement showing the financial position of the
company in such form as may be prescribed by the rules. Explain.
10. Write short notes on any two of the following.
(a) Employees stock option scheme.
(b) Registration of foreign companies in India.
(c) Embelms and Nawen Act 1950.
(d) Public Financial Institutions.