Past Papers LL.B Part II Mercantile_Law. Punjab University

5:39 AM

Annual 2005
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
Q.No
Question
Part-I Company Law
01
What is the composition of the ‘Commission’ and ‘Board’ under the Securities and Exchange Commission of Pakistan Act, 1997? State the qualifications of the Commissioners and Members and the procedure of their removal
02
Define Memorandum of Association. What a literation in the Memorandum of Association of Public Limited Company are permitted by law?
03
Give a summary of facts and explain fully the doctrine of ‘Indoor Management’ as discussed in the Royal British Bank Vs. Turquand. Are there any exceptions to ii?
04
State the law and the procedure to be followed by a company limited by shares for affecting a reduction in its share capital. In what cases may a company’s creditors object reduction of capital  
05
Discuss ‘Prospectus’. What are the liabilities both civil and criminal which arise as a  result of an untrue statement in a prospectus?  


06
What is the law relating to the appointment, powers and duties of an auditor? Discus 
07
Give the majority  and period of notice required in order to validity
(a)  Special Resolution
(b)  Ordinary Resolution and
(c)  Resolution requiring Special Resolution 
08
Under what circumstances a company may be wound up voluntarily? When does such winding up commences and what are its consequences?   
Part-II Negotiable Instrument Act
09
What is maturity of an instrument? Discuss rules which determine maturity
10
When a negotiable instrument is said to be dishonoured? Explain when is the notice of dishonour unnecessary? 

Supplementary 2005
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
Q.No
Question
Part-I Company Law
01
Explain the term ‘Conflict of Interest’ in the light of the provisions of Securities and Exchange Commission of Pakistan Act, 1997. How is it to be disclosed and what are the consequences of its non-disclosure?
02
Give a brief account of facts and decision in the case of Salomon Vs Salomon & Co Ltd
03
Define a Private Company. How does it differs from a Public Company? 
04
What are the qualifications, powers and liabilities of the director of a public limited company? What are the circumstances under which his office falls vacant?  
05
Define debenture stating its various kinds. Discuss its usual contents and state the period for which they are issued
06
What is  winding up? Who may petition and on what grounds to the Court for compulsory winding up of a Public Ltd Company 
07
Write a note on Articles of Association and Memorandum of Association of a Public Ltd Company drawing a distinction between the two
08
In what different ways a person becomes a member of company and ceases to be a member of company
Part-II Negotiable Instrument Act
09
What are the rules of evidence relating to a negotiable instrument? 
10
Define the following:
(a)  Promissory Note
(b)  Bill of Exchange
(c)  Cheque

Annual 2006
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
Q.No
Question
Part-I Company Law
01
Define a Private Company. What is to be adopted by a Private Company to convert itself into a Public Limited Company?
02
What is Memorandum of Association of a Public Ltd Company? List the six essential classers which must be contained by it explaining each one of them fully 
03
What are the qualifications, powers and liabilities of the Director of a Public Limited Company? In what circumstances his office falls vacant? 
04
What is a Statutory Meeting? State provisions of the Companies Ordinance concerning such meeting. Also discuss the contents of the Statutory Report
05
Define Chief Executive of a Public Limited Company. How is he appointed? What are his terms of appointment and how is he removed?  
06
When and on whose initiate the matter of company be invested? State the powers of competent authorities in this regard?
07
State of law and procedure to be followed by a company limited by law shares for affecting a reduction in its share capital law. In what cases may a company’s creditors object to the reduction of capital.
08
Under what circumstances a company may be would up voluntarily. When does such winding up commences and what are its consequences?
Part-II Negotiable Instrument Act
09
When is a banker justified in dishonoring a cheque and when is a bank bound to dishonor a cheque?
10
What are the rules of evidence relating to a negotiable instrument?

Supplementary 2006
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
Q. No
Question
Part-I Company Law
01
Explain the concept f Single Member Company. Describe its salient features and advantages of forming such a company.
02
Explain the methods and limits with in which a public limited company can alter the object clause of its memorandum of Association.
03
Define ‘Prospectus”. What are the liabilities both civil and criminal which arise as a result of an untrue statement in a prospectus?
04
Describe the law relating to the appointment, powers and duties of an auditor.
05
When and for what purpose. (a). Statutory Meeting. (b). Ordinary/Annual General meeting and (c). Extra ordinary Meetings are convened. Discuss fully.
06
Discuss in detail the law and procedure to be followed by a company limited by shares for affecting a reduction in its shares capital. In what cases may a company’s creditors object the reduction of capital?
07
What is winding up? Who may petition to the court and on what grounds for compulsory winding up? Discuss fully.
08
Write notes on. (i). Public Ltd. Company, (ii). Private Limited by guarantee
Part-II Negotiable Instrument Act
09
What is a negotiable instrument? Explain its special characteristics.
10
What is maturity of an instrument? Discuss the rules which determine maturity.

Annual 2007
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
Q. No
Question
Part-I Company Law
01
Give the composition of “The Commission” and the Board” under the SECP Act, 1997. What are qualifications of the Commissioners and the members and how can they be removed?
02
Define a private limited company and a public limited company and draw a distinction between the two
03
What is a Memorandum of Association? What alteration in the clauses if the Memorandum of Association of a public limited company are permitted the law? State also the procedure of such alternation.
04
Gove a summary of facts and explain fully the doctrine of indoor management as discussed in the case of the Royal British Bank Vs Turquand. Are there any exceptions to it? discuss.
05
Define “Share’. How allotment of a share in a public limited company is made. What restrictions are imposed on such allotment?
06
Give the majority and period of notice required in order to validity pass:
(a)  Special Resolution.
(b)  (b). ordinary Resolution. Resolution requiring special notice.
07
Define a debenture, State its contents. Enumerate the remedies of a debenture holder and how can they be enforced.
08
How and when Winding-up subject to the supervision of the court takes place of a company.
Part-II Negotiable Instrument Act
09
Define a Promissory Note and a bill of Exchange, drawing a distinction between the two.
10
Discuss the privileges enjoyed by a Holder in due course.

Supplementary 2007
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
Q. No
Question
Part-I Company Law
01
State and discuss various steps required for forming a public limited company?
02
Give a brief account of the facts and decision in the case of Salomon VS Salomon and company limited?
03
Define a public limited company. How does it differ from a partnership?
04
What are articles of Association of a public limited company. In what way and subject to what limitations may a company alter its Articles of Association?
05
Discuss in detail the law and procedure of transfer of shares in a Public limited company. State the circumstances under which the directions can refuse registration of transfer. Does an appeal lie against their refusal?
06
What restrictions that Companies Ordinance places on the allotment of share capital offered by a company to the public for subscription. Also state the effect of irregular allotment of shares of company? 
07
What is a Foreign company? What requirements are to be fulfilled before registration of such a company with the SECP?
08
Briefly explain the different modes of winding up the public Limited Company?
Part-II Negotiable Instrument Act
09
Define a Bill of Exchange and cheque and draw a distinction between the two?
10
Define a Promissory Note. What are the essential elements of a Promissory note?

Annual 2008
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
Q. No
Question
Part-I Company Law
01
State and discuss various steps required for forming a public limited company?
02
Give a brief account of the facts and decision in the case of Salomon VS Salomon and company limited?
03
Define a public limited company. How does it differ from a partnership?
04
What are articles of Association of a public limited company. In what way and subject to what limitations may a company alter its Articles of association?
05
Discuss in detail the law and procedure of transfer of shares in a Public limited company. State the circumstances under which the directions can refuse registration of transfer. Does an appeal lie against their refusal?
06
What restrictions that Companies Ordinance places on the allotment of share capital offered by a company to the public for subscription. Also state the effect of irregular allotment of shares of company? 
07
What is a Foreign company? What requirements are to be fulfilled before registration of such a company with the SECP?
08
Briefly explain the different modes of winding up the public Limited Company?
Part-II Negotiable Instrument Act
09
Define a Bill of Exchange and cheque and draw a distinction between the two?
10
Define a Promissory Note. What are the essential elements of a Promissory note?

Supplementary 2008
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
Q. No
Question
Part-I Company Law
01
What do you understand by the term “Promoter of a Company”. Enumerate their duties and liabilities. How are they remunerated?
02
Write a short note on Articles of Association of a Public limited company and distinguish if from a Memorandum of Association?
03
Define prospectus/ what are the liabilities both civil and criminal which arises as a result of an untrue statement in a prospectus?
04
State the law and procedure to be followed by a public limited company  for effecting a reduction in its share capital. In what cases may a company’s creditor object to the reduction of capital?
05
Describe the law relating to the qualification, method of appointments, powers, duties and procedure for the removal of a company’s Auditor?
06
Define a private company. What is the procedure by adopting which the private company can convert itself into a public limited company?
07
Under what circumstances a company may be would up voluntarily. When does such winding up commences and also discus the procedure which is to be adopted?
08
Write notes on
(a) Single Member Company
(b) Company limited by guarantee
Part-II Negotiable Instrument Act
09
Define the following:
(a). Promissory note,
(b). Bill of Exchange,
(c). Cheque
10
Define a Bill of exchange and a promissory note?

Annual 2009
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
Q. No
Question
Part-I Company Law
01
Explain the concept of a Single Member company. Describe its salient features and advantages of forming such a company?
02
What is memorandum of Association of a Public Limited Company. What are the six compulsory clauses in a Discuss each one of them in detail.
03
Discus the extent to which the Memorandum and Articles of Association binds the:  (a). The Members of the company, (b). Bill of Exchange, (c). Cheque
04
Define “Chief Executive”. How is he appointed? What are his terms of appointment and how is he removed?
05
When and for what purpose? (a). A statutory meeting (b). Ordinary general meeting. (c). Extraordinary general meeting are convened.
06
What are the provisions of the company’s Ordinance as regards maintenance, location, closing and ratification of register of Members?  
07
Who may petition the court and on what grounds for compulsory winding up of a Public Limited Company and also describe the procedure to be followed?
08
Write notes on: -
 (a). Director of Company
 (b). Auditor of Company.
Part-II Negotiable Instrument Act
09
Define a Bill of exchange and distinguish it from a cheque?
10
What is a Negotiable instrument? Explain its essential Characteristics.

Supplementary 2009
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
Q. No
Question
Part-I Company Law
01
Give the composition of “The commission” and “The Board” under the SECP Act, 1997. What are the qualifications of the commissioners” and “The members and how can they be removed?
02
Define a public limited company. How does it differ from private limited company?
03
What is a memorandum of association?  Explain the methods and limits as then which a public limited company alter the object clause of its memorandum of association?
04
Give a summary of facts and explain fully the doctrine of “Indoors management” as discussed in the case of Royal British Bank VS Turquand. Are there any exceptions to it?
05
What is a “Statutory Meeting” State provisions of the companies ordinance concerning such meeting. Also discuss the contents of a statutory report.
06
Describe the law relating to the appointment, qualification, powers, duties and procedure for the removal of a company’s Auditor?
07
What are the effects f dissolution of a public limited company?
08
Write notes on:
 (a). Statement in lieu of prospectus
 (b). Minimum Subscription
Part-II Negotiable Instrument Act
09
Define a “Bill of Exchange” What are its essential requisites?
10
What is Maturity of an Instrument? Discuss the rules which determine maturity?

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
Q. No
Question
Part-I Company Law
01
Give a brief account of the facts and decision in the case of Salomon VS Salomon & company limited.
02
Define a public limited company. How does it differ from Partnership.
03
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.  
04
In what various ways a person ca become a share-holder and how he ceases to be a share-holder.
05
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?
06
Define a debenture, state its contents, enumerate the remedies of a debenture holder and how can they can enforced.
07
Briefly explain the different modes of winding-up a public limited company.
08
Write the notes of the following:
(a). Dividends
(b). Share certificate,
Part-II Negotiable Instrument Act
09
Define promissory note, what are its essential elements.
10
What is maturity of an instrument? Discuss the rules which determine maturity.

Annual 2011
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
Q. No
Question
Part-I Company Law
01
Explain the concept of a SINGLE MEMNER COMPANY. Describe its salient features and advantages of forming such a company
02
What do you understand by the term Promoter of a Company? Enumerate their duties and liabilities and how are they remunerated
03
How and to what extent may a company alter its object clause of the memorandum of association?  
04
Define Articles of Associations of a Public Limited Company. What are usual contents of Articles of Associations? Is it necessary for a Public Limited Company to have Articles of Associations of its own?
05
What are the several ways in which a person can become a member and cease to be a member of a company?
06
Define Chief Executive. How is he appointed? What restrictions on appointment of a chief executive are imposed? What are his terms od appointment and how is he removed?
07
What is statutory meeting? What is the procedure provided by law for holding it? What particulars must a statutory report contain? What remedy has a shareholder if the meeting is not held or the report nit filed?
08
Define a debenture. State its contents. What are its various kinds for what period can they be issued and enumerate the remedies available to debenture holder 
Part-II Negotiable Instrument Act
09
Define Promissory Note. What are the essential elements of a Promissory Note?
10
Define the term ‘Holder’. What are the essential requisites of a holder and who can and who cannot within the meaning of section /82


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