Company Law is a compulsory paper in LL.B part 2 examination every year. All the year wise past papers of Company Law or Mercantile Law of LL.B Part 2 is collected and arranged here according to needs of the new and old students of LL.B part 2 examination. The main focus of this law is on the Company Ordinance 1984 and laws related to the Security Exchange Commission of Pakistan with all the connected laws in this regard. Have a look at the year-wise index of all the past paper of Company Law of LL.B part 2. Both Company Law and Mercantile Law are the same papers.
Past Paper Indexing
2007
2008
2009
2010
2011
2012
2013
2014
2015
2017
2019
LL.B Part 2 Company Law Past Papers 2007 To Onward
Company Law LL.B PART-II ANNUAL 2007 Paper-III
i) Attempt any FIVE questions in all, selecting FOUR questions from Part-I and ONE question from Part-II. All questions should be followed.
Q.1 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?
Q.2 Define a Private Limited Company and a Public Limited Company and draw a distinction between the two.
Q.3 What is a Memorandum of Association? What alteration in the Clauses of the Memorandum the of Association of a Public Limited Company are permitted by law? State also the procedure of such alteration.
Q.4 Give a summary of facts and explain fully the doctrine of “Indoor-Management” as discussed in the case of the Royal British Bank Turquand. Are there any exceptions to it? Discuss.
Q.5 Define “Share”. How is allotment of a Share in a Public Limited Company made? What restrictions are imposed on such allotment?
Q.6 Give the majority and period of notice required in order to validity pass:
(a) Special Resolution.(b) Ordinary Resolution. (c) A resolution requiring special notice.
Q.7 Define debenture its contents. Enumerate the remedies of a debenture holder. How can they be enforced?
Q.8 How and when Winding-up subject to the supervision of the Court takes place of a Company?
Part-II
Q.9 Define a Promissory Note and a bill of exchange. Drawing a distinction between the two.
Q.10 Discuss the privileges enjoyed by a Holder in due course.
Company Law LL.B PART-II ANNUAL 2008 Paper-III
Q.1 What do you understand by the term “Promoter of a Company “Enumerate their duties and liabilities. How are they remunerated?
Q.2 Write a note on Articles of Association of a Public limited company and distinguish’ it from a Memorandum of Association.
Q.3 Define Prospectus. What are the liabilities both Civil & Criminal which arises as a result of an untrue statement in a prospectus?
Q.4 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.
Q.5 Describe the law relating to the qualification, method of Powers, duties and procedure for the removal of a company’s Auditor.
Q.6 Define a Private company. What is the procedure by adopting which the private company can convert itself into a public limited company?
Q.7 Under what circumstances a company may be wound-up voluntarily? When does such winding-up commences and also discuss the procedure which is to be adopted?
Q.8 Write notes on:
- –Single Member Company
- Company limited by Guarantee
Q.9 Define the following:
(a) Promissory note (b) Bill of Exchange (c) Cheque
Q.10 Define a Bill of Exchange and draw a distinction between a Bill of Exchange & a promissory note.
Company Law LL.B PART-II ANNUAL 2009 Paper-III
Part-I
Q.1 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?
Q.2 Define a Public limited company. How does it differ from a Private limited company?
Q.3 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.
Q.4 Give a summary of facts and explain fully the doctrine of “Indoors management” as discussed in the case of Royal British Bank Versus Turquand. Are there any exceptions to it?
Q.5 What is a ‘Statutory Meeting”. State provisions of the Companies Ordinance concerning such meeting. Also discuss the contents of a’ statutory report.
Q.6 Describe the law relating to the appointment, qualification, powers, duties, and procedure for the removal of a company’s Auditor.
Q.7 What are the effects of dissolution of a Public limited company?
Q.8 Write notes on:
- A statement in lieu of prospectus
- Minimum Subscription
Q9. Define a “Bill of Exchange”. What are its essential requisites?
Q10. What is Maturity of an Instrument? Discuss the rules which determine maturity.
Company Law LL.B PART-II ANNUAL 2010 Paper-III
Part-I
Q.1.What do you understand by the term ‘Conflict of Interest’ as given in the SECP Act, 1997? How is it to be disclosed? What are the consequences of non= disclosure?
Q.2.Define a Private Company. What is the procedure by which a Private company can convert itself into a Public limited company?
Q.3.What are Articles of Association of a Public limited company? Describe the procedure for alteration of such Articles and detail the consideration made in determining the validity of the alteration.
Q.4.State the majority, the length of notice and matters in respect of which the following resolutions are required:
(i) Ordinary resolution (ii) Special resolution
(iii) Resolution requiring special notice
Q.5.Detail the provisions of the Companies Ordinance 1984 relating to the qualification, method of appointment, powers and duties and procedure for the removal of the company’s auditor.
Q.6.How and when does winding-up subject to the supervision of the Court takes place?
Q.7.What is a Foreign Company? What requirements are to be fulfilled before the registration of such a company with the SECP Act, 1997?
Q.8.Write explanatory notes (not exceeding one page) on the following:
(i) Single member Co (ii) Chief executive (iii) Statutory meeting (iv)Name clause & its alteration
Part-II
Q.9.Who is a “Holder in due Course”? What are the privileges of a “Holder in due Course”?
Q.10.When is a banker justified in dishonoring cheques and when a bank is bound to dishonor the cheque?
Company Law LL.B PART-II ANNUAL 2011 Paper-III
PART-I
Q.1 Explain the concept of a SINGLE MEMBER COMPANY. Describe its salient features and advantages of forming such a company.
Q.2 What do you understand by the term Promoter of a Company? Enumerate their duties and liabilities and how are they remunerated?
Q.3 How and to what extent may a company alter its object clause of the memorandum of association?
Q.4 Define Articles of Association of a Public Limited Company. What are the usual contents of Articles of Association? Is it necessary for a public Limited company to have Articles of Association of its awn?
Q.5 What are the several ways in which a person can become a member and cease to be a member of a company?
Q.6 Define Chief Executive. How is he appointed? What restriction on appointment of a chief executive are imposed? What are his terms of appointment and how is he removed?
Q.7 What is a statutory meeting? The procedure provided by Law for holding it? What particulars must a statutory report contain? How much remedy has a shareholder if the meeting is not held or the report not
Q.8 Define a debenture. State its contents. What are its various kinds, for what period can they be issued and enumerate the remedies available to a debenture holder.
PART-II
Q.9 Define Promissory-Note. What are the essential elements of a Promissory-Note?
Q.10 Define the term “Holder”. What are the essential requisites of a holder and who can and who cannot be holder within the meaning of section 8?
Company Law LL.B PART-II ANNUAL 2012 Paper-III
PART-I
Q.1 Give a brief account of the facts and decision in the case “Salomon vs. Salomon and Company limited”.
Q.2 Define Private Limited and Public Limited Company. Also draw points of differences between both.
Q.3 How a company may alter its object clause of Memorandum of Association?
Q.4 Define “Prospectus”. What are Civil and Criminal liabilities for untrue statements in the prospectus?
Q.5 Define “Chief Executive”. State the Law relating to his appointment, duties and powers.
Q.6 How an Auditor is appointed? Discuss powers and duties of an Auditor.
Q.7 Explain in detail the different modes of winding up of Public Limited Company.
Q.8 Write short note of any TWO of followings:
- Statutory Meetings
- Ordinary Resolution
- Promoters
PART-II
Q.9 Define “Bill of Exchange”. What are essential elements of Bill of exchange?
Q.10 What are the essentials of a Valid Endorsement? Explain briefly.
Company Law LL.B PART-II ANNUAL 2013 Paper-III
Part–I
Q.1 State and discuss various steps required for forming a Public Limited company.
Q.2 Define the Memorandum of Association. How a company may alter its “Name Clause”?
Q.3 In what different ways a person becomes a member of a company and ceases to be a member of a company.
Q.4 Define shares Discuss in detail the procedure of Transfer of shares in a public limited company.
Q.5 Under what circumstances a company may be wound up voluntarily? Also state its procedure.
Q.6 Write a note on the following:
- Single Member Company
- Company limited by Guarantee
- The doctrine of indoor Management Part-II
Q7 Discuss in detail the implied authorities of the partners in a firm.
Q.8 What are the different modes of dissolution of partnership?
Part-III
Q.9 Define “Bill of Exchange” and Cheque. Also draw distinction between the two.
Q.10 Define “Holder in due course”. What are the privileges of a “Holder in due Course”?
Company Law LL.B PART-II ANNUAL 2014 Paper-III
Part-I
Q.1. Define a Public and a private limited company.
Q.2 What is the procedure by adopting which a private company can convert itself into a public limited company.
Q.3 What is a memorandum of association of a public limited company. Explain the methods and limits within which a Public limited company can alter the object clause of its memorandum of
Q.4 What are Articles of Association of a Public limited company? State and discuss its contents it is necessary for a public limited company to have Articles of association of its own?
Q.5 Explain the melting and purpose of issuing a What are the particulars which a prospectus must contain?
Q.6 List the principal ways by which a director may be appointed to the office of a director of a Public limited company. What arc the principal restrictions on appointment to the office as a director? What are his powers and how his office. falls vacant?
Q.6 What is a Statutory meeting? Discuss the contents of a statutory report, what remedy has a share holder if the meeting is not held or the report not filed with the registrar.
Part-II
Q.7 Explain the “Doctrine of Holding out” Is the estate of a deceased partner liable for acts of the firm done after his dc
Q.8 What are the various modes of dissolution of a Partnership firm? Discuss in detail the grounds on which the court may dissolve. a partnership firm.
Part-Ill
Q.9 What is a Negotiable Instrument? Explain what is the difference between a Promissory Note and a bill of exchange.
Q.10 indicate the cases in which a banker (i) may (ii) must refuse to honor
Company Law LL.B PART-II ANNUAL 2015 Paper-III
Part-I
Q.1. Explain the concept of a single member company Describe its salient features and advantages of forming such a company.
Q.2 What are Articles of Association of a public limited company? Can they be altered? If so under that restrictions and limitations.
Q.3 Define a prospectus (a) What is the purpose of issuing a prospectus and (b) What are the liabilities both civil and criminal which arises ad a result of an untrue statement a prospectus.
Q.4 When and for what purposes (a) Statutory meeting (b) Ordinary meeting and (c) Extraordinary general meetings are convened.
Q.5 Define debenture? (a) State its contents (b) What are its various kinds, (c) for what period can they be issued (d) enumerate the remedies of a debenture holder (e) and how can they be?
Q.6 What is winding-up? How and when winding-up subject to the supervision of the court takes
Part-II
Q.7 How many a partner retire from the partnership? In what manner may a retiring partner be discharged from liability to the third party for acts of the firm done before his retirement as provided in section 32 of the Partnership Act?
Q.8 State the circumstances under which a firm is compulsorily dissolved.
Part-III
Q.9 Define the term negotiable instruments. What are it’s essential characteristics?
Q.10 Define (a) bill of Exchange (b) Promissory note and (c) Cheque.
Company Law LL.B PART-II ANNUAL 2017 Paper-III
Part-I
Q.1 Explain the concept of a single member company Describe its salient features and advantages of forming such a company.
Q.2 What are Articles of Association of a public limited company? Can they be altered? If so under what restrictions and limitations.
Q.3 Define a prospectus (a) What is the purpose of issuing a prospectus and (b) What are the liabilities both civil and criminal which arises as a result of an untrue statement a prospectus.
Q.4 When and for what purposes (a) Statutory meeting (b) Ordinary meeting and (c) Extraordinary general meetings are convened.
Q.5 Define debenture? (a) State its contents (b) What are its various kinds, (c) for what period can they be issued (d) enumerate the remedies of a debenture holder (e) and how can they be?
Q.6 What is winding-up? How and when winding-up subject to the supervision of the court takes
Part-II
Q.7 How many a partner retire from the partnership? In what manner may a retiring partner be discharged from liability to the third party for acts of the firm done before his retirement as provided in section 32 of the Partnership Act?
Q.8 State the circumstances under which a firm is compulsorily dissolved.
Part-III
Q.9 Define the term negotiable instruments. What is it’s essential characteristics?
Q.10 Define (a) bill of Exchange (b) Promissory note and (c) Cheque
Company Law / Mercantile Law LL.B PART-II ANNUAL 2019 Paper-III
Part-I (The Companies Act 2017)
Note: Five Questions to be attempted in total. Three from Part-I and One each from Part-II and Part-III
Q1. What do you understand by the term “conflict of interest” as given in the Securities and Exchange commission of Pakistan? What are the consequences of non-disclosure?
Q2. What are Articles of Association of a Public Limited Company? State its Various contents. Is it necessary for a Public Limited Company to have Articles of Association of its own under section 36 and 37 of the Companies Act 2017.
Q3. What do you understand by the term promoter of company? Enumerate their duties and liabilities and how are they remunerated?
Q4. Discuss the law on reduction of share capital. In what cases may a Companies creditor object to the reduction of share capital? Does this require a confirmation order by the Court under section 89 to 93 of the Companies Act 2017?
Q5. Define a Director. What are the principal restriction on his appointment? What is the minimum number of directors and their term of office and how the office of the director of the public limited company falls vacant under section 153, 154, 161 and 171 of the Companies Act 2017?
Q6. Discuss the procedure on creditors voluntary winding up narrating the role of liquidator till the final meeting and dissolution of the company under section 362, 363, 364, 365, 368 and 369?
Part-II (The Partnership Act 1932)
Q7. Although sharing of profit is an essential element of the definition of the partnership, it is not the sole test. Write a Comment on section 6 of Partnership Act 1932.
Q8. What are implied authorities of a partner? What matters have been excluded specifically from such authority by the Act under section 19.
Part-III (The Negotiable Instruments Act)
Q9. Define the term “holder” what are the essential requisites of a holder. Who can and cannot be a holder within the meaning of section 8 of the Negotiable Instruments Act?
Q10. What does the expression “endorsement” means. What are its essentials and what is its significance under section 15 of the Negotiable Instruments Act?
