Code No. : 8723
Reg. No. :
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Sub. Code : C 21 K
M.Com. (CBCS) DEGREE EXAMINATION,
NOVEMBER 2014.
Second Semester
Commerce
CORPORATE LEGAL FRAME WORK
(For those who joined in July 2008 – 2011)
Time : Three hours Maximum : 75 marks
PART A — (10  1 =10 marks)
Answer ALL questions.
1. Explain the importance of capital clause of
Memorandum of Association.
2. What is the principle of Ultra Vires?
3. What is the importance of account payee only crossing?
4. What is general crossing?
5. What is SEBI? wk 5

6. Who are brokers and sub-brokers in stock exchange?
7. What is manufacturing defect?
9. What is service under FEMA?
10. Define ‘transfer’ under FEMA.
PART B — (5 × 5 = 25 marks)
Answer ALL questions, choosing either (a) or (b), each answer should not exceed 250 words.
11. (a) What is sans recourse endorsement?
Or
(b) Explain the need for extra-ordinary annual general meeting.
12. (a) Differentiate a bill of exchange from promissory note.
Or
(b) Explain the kinds of bill of exchanges.
13. (a) What are the important areas that are governed by SEBI?
Or
(b) How does SEBI govern the issue of debentures?
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14. (a) Bring out the constitution of the central consumer protection council.
Or
(b) What are the objectives of District Forum?
15. (a) List out the obligations of exporters under the FEMA.
Or
(b) Explain the basic problems of establishment of WTO.
PART C — (5 × 8 = 40 marks)
Answer ALL questions, choosing either (a) or (b), each answer should not exceed 600 words.
16. (a) State provisions as to alteration of M/A.
Or
(b) Explain the criminal liabilities for misstatement of prospectus.
17. (a) Bring out the significance of various types of endorsements.
Or
(b) Draw short notes on :
(i) Holder of a cheque
(ii) Holder-in-due course and
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18. (a) How does SEBI regulate the public issue by unlisted companies?
Or
(b) How are merchant bankers regulated?
19. (a) Explain the powers of district forum.
Or
(b) ‘Unless there is a defect or deficiency a consumer cannot approach the appropriate forum for grievance redressal’. Discuss.
20. (a) Bring out the general frame work of WTO.
Or
(b) Explain the powers of RBI to regulate authorised persons.
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