[OBJECTIVE]
Subject: Company Law
Time Allowed: 15 Minutes
Maximum Marks: 10
NOTE: Attempt this Paper on this Question Sheet only. Please encircle the correct option. Division of marks is given in front of each question. This Paper will be collected back after expiry of time limit mentioned above.
Part-I Encircle the right answer, cutting and overwriting is not allowed. (10)
1. When SECP act was passed:
a) 1992
b) 1996
c) 2000
d) 2004
2. Statutory meeting is not required to be held after incorporation by the:
a) public company
b) private company
c) Unlimited company
d) public company converted from private after one year
3. Transfer of share is:
a) voluntary passing of ownership
b) transmission
c) freely transfer
d) all of these
4. A limited company can be formed by:
a) an individual
b) an organization .
c) a group of people
d) two companies
5. Who can alter the articles of an association
a) court of law
b) registration authority
c) directors of company
d) share holders
6. Who is liable in unlimited companies:
a) every member
b) the company
c) the guarantee
d) none of these
7. An official liquidator can be removed by the:
a) company
b) share holders
c) board of director
d) court of law
8. Which company must hold annual general meeting?
a) public
b) private
c) non-profit
d) all of these
9. A prospectus is issued to:
a) Sell goods
b) Raise capital
c) get deposits
d) Both (b) & (c)
10. Paid up capital is
a) Total amount credited on share
b) Amount company needs for time being
c) The amount kept in bank
d) None of these
[SUBJECTIVE]
Subject: Company Law
Time Allowed: 2 Hour and 45 Minutes
Maximum Marks: 50
NOTE: ATTEMPT THIS (SUBJECTIVE) ON THE SEPARATE ANSWER SHEET PROVIDED.
Part-II Give Short answers, Each question carries equal marks. (20)
Q#1: Briefly describe how Memorandum can be altered?
Q#2: What are the requirements of the Memorandum?
Q#3: What do you understand by Articles of Association?
Q#4: What is Riba? Why it is prohibited in Islam?
Q#5: Make distinction briefly between Articles of Association and Memorandum”?
Q#6: Define unlimited company and association not for profit.
Q#7: What is difference between Statutory and annual meeting?
Q#8: Briefly describe the kinds of Company?
Q#9: What is the vision and mission of SECP?
Q#10: Make distinction between debentures and shares.
Part-III Give detailed answers, Each question carries equal marks. (30)
Q#1: Define Company, How it can be registered?
Q#2: Explain share capital in detail,
Q#3: Briefly describe the various modes of winding up of a company?
