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University of Punjab PU Lahore LLB Part II Past Paper of Company Law Annual 2010

University of Punjab PU Lahore LLB Part II Past Paper of  Company Law Annual 2010

Annual 2010

Time Allowed: 3 Hours                                                                              Max Marks:100

Attempt FIVE Questions in all, selecting FOUR Questions from Part-I and ONE Question from Part-II. All Questions carry equal marks

Question

 

Part-I Company Law

Give a brief account of the facts and decision in the case of Salomon VS Salomon & company limited.  
Define a public limited company. How does it differ from Partnership.  
What is memorandum of association? What clauses in the memorandum of association of public limited company are permitted by law can be altered? State also the procedure to be adopted for bringing about such alteration.  
In what various ways a person ca become a share-holder and how he ceases to be a share-holder.  
Define a director. How is he appointed. What his terms of office? What are the ineligibilities of a certain person to become a director? What are his powers and how his office falls vacant?  
Define a debenture, state its contents, enumerate the remedies of a debenture holder and how can they can enforced.  
Briefly explain the different modes of winding-up a public limited company.  
Write the notes of the following:

(a). Dividends

(b). Share certificate,

 

Part-II Negotiable Instrument Act

Define promissory note, what are its essential elements.  
What is maturity of an instrument? Discuss the rules which determine maturity.  
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