Question
1. A company altered the objects clause of its Memorandum of Association according to the procedure laid down by law, i.e. by passing a special
1.
A company altered the objects clause of its Memorandum of Association according to the procedure laid down by law, i.e. by passing a special resolution. A copy of the resolution was filled with the Registrar 4 months after the passing of the resolution. Can the Registrar register the alteration? Give reasons. When and how MOA may be altered?
2.
(i). State with reasons whether the following statement is correct or Incorrect:(a)"Continuing guarantee is revoked by the death of the surety".(b)"A principal is liable for frauds of his agent".(ii). Explain the various modes of creation of Agency? Write note on agency be estoppel and holding out.
3.At a meeting of a company, only 15 shareholders were present. 9 voted for a special resolution and 2 against and 4 did not vote at all. No poll was demanded and the chairman declared the resolution to be carried. Is this a valid resolution? Give reasons. Explain different kinds of Meetings and resolutions of a company?
4.Joseph promises to his wife Eva to give her pocket money of Rs 1,000 per month. After 6 months, he stops making the payment. Can Eva claim damages from Joseph? Give reasons in the light of essentials of a valid contract.
5.Explain the different types of Crossing of Cheque under the provisions of Negotiable Instrument Act, 1881. What are the penalties prescribed in the Negotiable Instrument Act, 1881 in case of dishonor of a cheque?
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