IGNOU BCOC-135 June 2025 Previous Year Question Paper

Q1.(a) What is the meaning of Corporate Veil ? Under what circumstances corporate veil can be lifted ? 5+5

(b) Illustrate the doctrine of ultra vires with suitable examples.

Q2.(a) When prospectus is not required to be issued ? Explain. 5

(b) Differentiate between equity and preference shares. Also explain the rules relating to issue and redemption of preference shares. (5+5+5)

Q3.(a) Explain the liabilities of directors towards the company and third parties. Can a director be held liable for criminal liability ? 10+5

(b) Explain different types of resolution that can be passed at an Annual General Meeting.

Q4.Explain the content of Articles of Association. What are the limitations on power to alter Articles of Association ?

Q5.(a) What are the provisions regarding dividend ? 5

(b) Explain the rules regarding allotment of shares. Also discuss about the procedure of allotment.

Q6.Define member of company. Who can become a member of a company ? How is a member different from shareholder of a company ? Clarify. (5+10+5)

Q7.(a) How is the Secretary of a company appointed ? Also explain the procedure for his/her removal. 5+5

(b) What are the duties of a Company Secretary ?

Q8.(a) In the books of accounts of a company, how many types of records should be maintained ? 8

(b) What are the contents to be included in auditor’s report ?

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

(a) Doctrine of constructive notice

(b) Difference between winding up and dissolution of a company

(c) Procedure for alteration in object clause

(d) Forfeiture of shares

(e) Proxy

(f) E-filing of documents (S) weit