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Descriptive type SGVU Exam Question – 500 words
- Define the relationship between a Principal and an Agent in business and corporate laws. Discuss the key rights, duties, and responsibilities of each party.
- Enumerate and explain the various modes through which a contract of agency can be created. Provide examples to illustrate your points.
- Outline the step-by-step procedure for the formation of a company, highlighting the statutory requirements and documentation involved.
- Differentiate between authorized capital, issued capital, and paid-up capital. Provide examples to elucidate the concept of different types of Share Capital.
- Discuss the primary roles and responsibilities of Directors in a company. How do these responsibilities differ from those of other stakeholders, such as shareholders and officers?
- Explain the legal rights and liabilities of a Surety in a contract. Provide examples and scenarios where a Surety may be held liable for the obligations of the principal debtor.
- Analyze the significance of fiduciary duty in corporate governance. How does it relate to the roles and responsibilities of Directors in a company?
- Describe the concept of ultra vires in the context of a company’s activities. How does it impact the validity of corporate acts and contracts?
- Discuss the legal consequences of a breach of duty by an Agent. What remedies are available to the Principal in such situations?
- Explain the doctrine of constructive notice in company law. How does it affect the legal status of third parties dealing with a company?
- Compare and contrast private and public companies. What are the key differences in terms of their formation, governance, and disclosure requirements?
- Analyze the concept of “alter ego” in corporate law. When and how can a court pierce the corporate veil to hold individuals personally liable for a company’s actions?
- Discuss the role of the Memorandum of Association and the Articles of Association in the formation and governance of a company. Provide examples to illustrate their significance.
- Explain the procedure for the alteration of a company’s capital structure. What are the legal requirements and limitations associated with such alterations?
- Define the concept of preferential allotment of shares in a company. Under what circumstances can a company issue such shares, and what are the rights of preferential shareholders?
Short notes in 100 words
- Arbitration and Mediation
- Bill of Exchange
- Bouncing of a Cheque
- Consideration in Contracts
- Consumer Protection Laws
- Contract of Pledge
- Corporate Governance
- Corporate Social Responsibility (CSR)
- Corporate Veil Piercing
- Covenant Not to Compete (Non-Compete Agreement)
- Essentials of Valid Contract
- Intellectual Property Rights (IPR)
- Legal Capacity in Contracts
- Liquidation of a Company
- Management and Administration
- Mergers and Acquisitions (M&A)
- Offer and Acceptance
- Parties to a Negotiable Instrument
- Passing off of Intellectual Property
- Performance of a Contract
- Promissory Note
- Securities and Exchange Commission (SEC)
- Tort Law in Business
- Unlawful Consideration or Object
- What is a Negotiable Instrument?
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