N Company Law Case Study

N Company Law Case Study-79
Explain as per provisions of companies act 2013 statutory auditor can attend meeting without receiving a notice? ] Q 2 ABC pvt ltd has equity paid up share capital amount of Rs 40 lacs and preference paid up share capital Rs 30 lacs and the turnover for the period ended 31 march 2016 Rs 2.5 crore If within 6 months conversion will not be made whether company liable to struck off, explain the consequences?

Explain as per provisions of companies act 2013 statutory auditor can attend meeting without receiving a notice? ] Q 2 ABC pvt ltd has equity paid up share capital amount of Rs 40 lacs and preference paid up share capital Rs 30 lacs and the turnover for the period ended 31 march 2016 Rs 2.5 crore If within 6 months conversion will not be made whether company liable to struck off, explain the consequences?[hint: can attend] CONVERSION Q 1 ABC pvt ltd has equity paid up share capital amount of Rs 40 lacs and preference paid up share capital Rs 30 lacs and the turnover for the period ended 31 march 2016 Rs 2.5 crore Explain whether there is a mandatory to convert in to public company or private company ? [hint: no, One Person Company or any officer of the One Person Company shall be punishable with fine which may extend to ten thousand rupees and with a further fine which may extend to one thousand rupees for every day] DEPOSITS Q 1 jaypee industries ltd made a public issue amount of Rs 100 crore and received an application money amount Rs 10 crore as on and company unable to made allotment, due to strike made by the employees of merchant bankers, upto 31 jan and company made an refund 2 april 2016.[hint : sec 209(3) of co act 2013, director has a power to inspect] Q 2 District court pass an order to recasting the books of accounts of the pasco india limited on the application filled by the income tax department and company raised objection that district court doesn’t have a power to pass such type of order, clarify as per provisions of companies act?

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Examining the relevant provisions of the Companies Act, 2013 state whether the explanation given by the directors is justified [hint: not consider as deposit ] Q3 pioneer Ltd.

, is an eligible company, has accepted Rs10 lakh as deposit for a term 24 months from member as on 1 april 2016 financial statements provided the following information for the year ended 31 march 2016 as as under Examine the validity of amount of deposit took by the company ?

Explain the legal position of promoters’ liability and the liability of the proposed company after its incorporation, in this regard.[hint : pre incorporation contracts] Q 5 Kamal, the promoter of Desire Ltd., has incurred 1 lakh for formation of the company.

The company refuses to pay all the expenses so incurred by Kamal since the company does not have any provision in the Articles of Association for such payment.

[hint: deposit up to 9.5 lacs is valid] WINDING UP Q 1 Mr suresh applied for 4,000 shares in a company i.e. Subsequently 4,000 shares were transferred to him without his request and his name was entered in the register of members.

Orwell Language Essay - N Company Law Case Study

He knew it but took no steps for rectification of the register of members.

Thereby making the company, Masons (Pvt.) Ltd., a subsidiary of that public company.

State the impact of such acquisition of shares by a public company on Masons (Pvt.) Ltd Q 2 Based on the information given in the memorandum of association, Smart Ltd.

Was incorporated and the certificate of incorporation was issued by the Registrar of Companies, New Delhi.

The memorandum of association was duly signed, except that X, Y and Z signed it on behalf of five minors.

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