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Exam Guides — Company Law
20 detailed model answers across 5 units. Each guide covers the most frequently asked essay-type exam questions with color-coded highlights, case laws, and structured answers ready for KSLU Sem 5 exams.
Unit 1
Introduction & Corporate Personality
Promoter duties & liabilities, advantages of incorporation, lifting the corporate veil, kinds of company. Corporate personality & separate legal entity.
Unit 2
Incorporation & Documents
Doctrine of indoor management (Turquand rule), prospectus definition & contents, clauses of MOA, certificate of incorporation.
Unit 3
Management & Control
Position, powers & duties of directors. Kinds of company meetings. Oppression & mismanagement. Corporate social responsibility.
Unit 4
Financial Structure
Allotment of shares — principles & restrictions. Debentures — definition & kinds. Dividend declaration & payment. Buy-back of shares.
Unit 5
Winding Up & Amalgamation
Compulsory winding up grounds (most asked). Tribunal powers re amalgamation. Voluntary winding up. Preferential payments in liquidation.