IGNOU BCOC-135 December 2022 Previous Year Question Paper

Q1.(a) Describe the main characteristics of a company. 10

(b) Distinguish between company and limited liability partnership.

Q2.Explain the duties and liabilities of a promoter.

Q3.Explain the meaning and purpose of Articles of Association. Discuss the binding effect of Memorandum and Articles. How far are they binding on outsiders ? 5, 10, 5 [2] BCOC

Q4.What is transfer of shares ? Explain the procedure for effecting transfer of shares.

Q5.Discuss the power of the Board of Directors to refuse the registration of transfer of shares. (2+12+6)

Q6.Who is a director of a company ? Who can be appointed as a director of a company ? Explain the qualifications and disqualifications of a director. (4+44+12)

Q7.(a) What is managerial remuneration ? What is not included in the managerial remuneration ? 4+6

(b) Discuss the provisions relating to payment of dividend.

Q8.(a) Discuss the inspection of Books of Accounts of a company. Who are the persons responsible for keeping books of accounts and what is the punishment for not keeping proper books of accounts ? 6+6

(b) Who cannot be appointed as an auditor? 8 [3] BCOC

Q9.What is winding-up of a company ? How is it different from dissolution ? Explain the procedure for winding-up of a company. (4+6+10)

Q10.Write notes on any two of the following : 10+10

(a) National Company Law Appellate Tribunal

(b) Formation of a company

(c) Doctrine of Indoor Management

(d) Sweat equity shares [4] 8000-35 [6] 8000-35 [7] 8000

(35)