NALANDA OPEN UNIVERSITY QUESTION, 2011, Master of Commerce , Part-II, Paper-IX (Corporate Legal Framework)

NALANDA OPEN UNIVERSITY QUESTION, 2011, Master of Commerce , Part-II, Paper-IX (Corporate Legal Framework)
NALANDA OPEN UNIVERSITY QUESTION, 2011, Master of Commerce , Part-II, Paper-IX (Corporate Legal Framework)

                                                                               2011
                                                                     Full marks: 80
                                                                     Time: 3 hours
                                       Answer any five questions. All questions carry equal marks.

1. " Company is an artificial person created by law". Discuss.

2. What do you understand by Articles of Association? How does it differ from Memorandum of Association.

3. What is meant by preference share? What are its kinds? How does it differ from equity share?

4. What is dividend policy? Describe the factors affecting dividend policy.

5. Define company secretary and describe his functions. How a company secretary is appointed? Is his appointment compulsory?

6. Is transfer of share permissible? Mention the restrictions on transfer of share.

7. What is meant by Stock? What are the provisions about issue of stock? What are the difference between share and stock?

8. Describe briefly the powers and duties of directors.

9. Describe the nature and characteristics of the business to be transacted at an annual general meeting. What are the rules regarding notice and quorum of this meeting?

10. Write notes on any Two of the following:-
       (a) Divisible Profit
       (b) Holding company
       (c) Forfeiture and Re-issue of shares

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