2 (i). A Public Company was registered bytwo adults and 5 minors on whose behalf an adult guardian has separately signed for each of the minors. All the signatures were further duly attested by separate witnesses. Registrar issued the Certificate of Incorporation. Comment on the validity of the Certificate. What will be the answer if the Certificate of Incorporation has been issued without signature of the Registrar of Companies?

2 (ii). Articles of Association of a company provided that a shares of a member who has become bankrupt shall be offered for sale to other shareholders at a certain price. On a shareholder becoming bankrupt, the trustee for his estate challenged the provision in the Articles as void since the bankrupt shareholders has the right to recover a fair price. Decide the issue keeping in view the binding effect of Articles on the rights of shareholders.