IGNOU BCOC-135 December 2025 Previous Year Question Paper

Q1.(a) Explain “A company limited by guarantee”. 5

(b) What privileges and exemptions are available to a private company ?

Q2.What do you mean by Memorandum of Association ? Enumerate the different clauses of Memorandum of Association.

Q3.(a) What is Insider trading ? Why is it illegal ? 5+3,

(b) Explain in brief the limitations under the Companies Act regarding payment of remuneration to the managerial personnel.

Q4.What are different types of shares which a company can issue ? Explain “Equity shares with differential rights as to voting, dividend or otherwise”. Can a company issue non-voting shares ? (8+7+5)

Q5.“A company is an artificial person created by law with a perpetual succession and is different from the members constituting it.” Comment.

Q6.Discuss in detail the types of company meetings of shareholders.

Q7.(a) What is a deemed prospectus ? Explain the provisions of Companies Act, 2013 with respect to deemed prospectus. 10

(b) Discuss the liabilities of a Company Secretary in detail.

Q8.(a) What all accounts and statements are included in financial statements ? 5

(b) What are the rights of an auditor ? 5

(c) Explain the provisions relating to audit.

Q9.Write short notes on any four of the following : 4x5=20

(a) Distinction between members and shareholders of a company

(b) Interim dividend

(c) Quorum

(d) Sweat equity shares

(e) Minimum subscription

(f) Incorporation of a company