INDIRA GANDHI INSTITUTE OF MANAGEMENT & TECHNOLOGY Corporate Law

(Total Marks= 100)

All the questions are compulsory. The first five questions shall be of 16 marks each and last question shall be of 20 marks.

Q 1 A How are the first directors of the company appointed?

B What is the notice period required for a board meeting?

Q 2 A Can a Company appoint managing director and manager simultaneously?

B Is Company allowed to appoint a part time secretary instead of a wholetime Secretary?

Q 3 A

Who can fix the remuneration of auditors under the companies act?

Write a note on Prohibition of drawl of foreign exchange.

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Q 4 A

Can a company increase its maximum number of directors on its Board?

A Who is a member of PQR Ltd. Wants to inspect the register of Directors Share holding. Can he do so?

Q 5 A

How far are (a ) title (b) preamble and (c) marginal notes in an enactment helpful in interpreting any of the parts of an enactment?

B the

How can a vacancy caused by resignation of director be filled? What is tenure of office of such appointee?

Q 6 A

What is the quorum for the meeting of the Board of Directors of a public Company? Explain what is meant by disinterested quorum. Is this term significant for a general meeting also?

B are

Why books of account are required to be maintained by a company? Who the persons responsible for ensuring proper maintenance of books of

accounts?

C Explain the provisions of the companies act 1956 relating to the preparations of Annual Report of a Government company.

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