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Posted By: Jyothi Member Level: Diamond Posted Date: 18 Jan 2008
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2006 Acharya Nagarjuna University LL.M First Year : Corporate and Securities Law - Paper VI - ADMINISTRATION OF COMPANY LAW Question paper
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LL.M (Previous) DEGREE EXAMINATION, DECEMBER 2006
First Year : Corporate and Securities Law
Paper VI - ADMINISTRATION OF COMPANY LAW
Time : Three hours Maximum : 100 marks
Answer any FIVE questions.
All questions carry equal marks.
1. Who may petition for winding up order? How is voluntary winding - up effected? What is the difference between a voluntary winding up and winding up under the supervision of court?
2. Who is a ‘contributory’? What is the nature and extent of contributor’s liability in winding up proceeding?
3. When is a transactions called as ‘fraudulent preference’. What is the effect of making fraudulent preferences?
4. Who is an officer of a company? When and how a company can take action against the officers for misfeasance?
5. Explain in detail the organisation and power of National Company Law Appellate Tribunal.
6. In view of recent amendments explain elaborately the powers of company law board.
7. State the procedure for appointing official liquidator in compulsory winding up. What should be the content of official liquidator’s ‘Statement’ and ‘Report’. Explain the role of committee of inspection.
8. What are the consequences of winding up as to creditors?
9. Under what circumstances a company is declared as sick industry? What proposals are made under 2002 Company Amendment Act to revive and rehabilitate such industries.
10. Answer any TWO of the following:
(a) Company’s inability to pay debts
(b) Powers of court in liquidation
(c) Defunct companies
(d) Public trustee.
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