KSLU Company Law Past Questions & Exam Topics
KSLU Company Law Past Questions & Exam Topics
To crack the KSLU exam for Company Law, analysing past trends is crucial. Below is a unit-wise breakdown of theory and problem questions compiled from KSLU semester papers.
How to read the map:
- ⭐⭐⭐ : Asked 5+ times — Must Cover
- ⭐⭐ : Asked 3–4 times — High Priority
- ⭐ : Asked 1–2 times
[16M]/[10M]: Essay marks[6M]/[SN]: Short notes / brief topics[Prob]: Solved problem fact patterns
📅 Unit 1 — Introduction and Concept
Topic-wise Questions
| # | Topic | Questions & Frequency |
|---|---|---|
| 1.1 | Meaning, nature & characteristics of a company; historical development | [16M] company defined 2025,2021,2018,2014(100); [10M] 2024(80); part of “independent corporate existence” 2023(80) O-E1,F-E3,F-E7 ⭐⭐⭐ |
| 1.2 | Kinds of company (public/private, OPC, govt, holding/subsidiary) | [16M] 2025,2022,2018(100); [10M] 2025,2022,2021,2025-Jul(80); [SN] OPC 2021,2020,2019,2018,2017(100), holding & subsidiary 2014(100), govt company 2018,2015(100); private vs public 2017(100) O-E1,O-E4,O-E5,F-E2,F-E3,Jy80-Q1a,O-S15,O-S21,O-S26 ⭐⭐⭐ |
| 1.3 | Corporate personality — independent/separate legal existence | [16M]/[10M] “independent corporate existence, explain with case laws” 2023(80); [6M] 2025-Jul,2021(80); underlies veil & Salomon F-E7,Jy80-Q1b,F-S2 ⭐⭐ |
| 1.4 | Advantages & disadvantages of incorporation / limited liability | [16M] advantages 2023,2022,2020,2019,2017,2016,2014,2021(100); disadvantages 2017(100),2025-Jul(100); [10M] advantages 2024,2022,2021(80), disadvantages 2025,2023(80); [J26] advantages 2026(80) O-E2,O-E3,F-E1,F-E5,Jy100-Q1,J26-Q1a,O-S16 ⭐⭐⭐ |
| 1.5 | Lifting / piercing the corporate veil | [16M] 2025,2024,2023,2022,2021,2019,2018,2016(100); [10M] 2024,2024-Mar,2021,2025-Jul(80); [16M] discuss doctrine 2026(80); [SN] 2018(100) O-E6,F-E4,J26-Q1a2,Jy80-Q1a2,O-S19 ⭐⭐⭐ |
| 1.6 | Promoters — meaning, duties & liabilities, legal position | [16M] who is a promoter/duties/powers/liabilities 2024,2023,2022,2021,2018,2017,2016,2015,2014(100); [10M] 2022,2023,2021(80); [SN] promoter 2025,2024,2022,2021,2026 & company promoter 2023(80),2019(80 note) O-E8,F-E6,F-S1,F-S5,J26-Q1b2 ⭐⭐⭐ |
📅 Unit 2 — Incorporation
Topic-wise Questions
| # | Topic | Questions & Frequency |
|---|---|---|
| 2.1 | Procedure of incorporation; stages | [16M] stages/procedure of incorporation 2014,2014-Jul(100); folds into MOA/AOA/certificate below O-E31 ⭐ |
| 2.2 | Certificate of incorporation (conclusiveness) | [SN] 2023,2022,2021(80); [16M-note] 2026(80) F-S9,J26-Q2b ⭐⭐ |
| 2.3 | Memorandum of Association — clauses & alteration | [16M] clauses/fundamental clauses/important clauses 2025,2023,2021,2021-Mar,2019,2018,2024-Mar,2014(100); name+registered-office clause 2025-Jul(100); [10M] 2025,2024,2024-Mar,2021,2025-Jul(80); name+object clause 2023(80); alteration of object clause 2022(80); [SN] clauses 2019(100), object clause 2022(100), name clause 2021(80) O-E9,F-E8,F-E9,F-E14,Jy100-Q4,Jy80-Q2a2,O-S13,O-S18 ⭐⭐⭐ |
| 2.4 | Articles of Association; MOA vs AOA; binding force | [SN] AOA 2024,2019(100),2025(80); [10M] binding force of MOA & AOA 2022(80),2026(80) O-S5,F-E13,F-S7,J26-Q2a ⭐⭐ |
| 2.5 | Doctrine of ultra vires; doctrine of constructive notice | [16M] ultra vires 2022,2020,2017(100); [10M] with case laws 2023(80); [SN] 2023,2016,2018(100); constructive notice 2025-Jul(80) O-E7,F-E12,O-S6,Jy80-Q2b2 ⭐⭐ |
| 2.6 | Doctrine of indoor management (Turquand) & exceptions | [16M] 2024-Mar,2017,2016,2015,2018(100); [10M] with case laws/exceptions 2022,2023,2021(80); [SN] Turquand rule 2023,2021(80),2026(80) O-E11,F-E11,F-S10,J26-Q2a2 ⭐⭐⭐ |
| 2.7 | Prospectus — meaning, contents, misrepresentation & remedies; statement in lieu; deemed prospectus | [16M] define/contents/remedies 2024,2023,2023-Mar,2022,2021,2021-Mar,2020,2019,2017,2017-Dec,2016,2014(100); 2025-Jul(100); [10M] 2024,2024-Mar,2023,2021(80); [SN] statement in lieu 2023(80), content of prospectus 2026(80); [Prob] deemed prospectus (advertisement) O-E10,F-E10,Jy100-Q2,Jy80-Q2a,F-S11,J26-Q2b2 ⭐⭐⭐ |
| 2.8 | Pre-incorporation contracts | [16M] “company cannot be sued for pre-incorporation contracts” 2016(100); [SN] 2025,2017,2016,2015(100),2024,2023(80),2025-Jul(100); [Prob] promoter reimbursement O-E29,O-S1,F-S8,Jy100-Q8a ⭐⭐ |
📅 Unit 3 — Management and Control of Companies
Topic-wise Questions
| # | Topic | Questions & Frequency |
|---|---|---|
| 3.1 | Board of Directors — powers & functions; distribution of powers between Board and general meeting | [16M] powers of Board under the Act & restrictions 2017(100); folded into director-powers rows O-E17 ⭐ |
| 3.2 | Directors — appointment, qualification, position, types, powers & duties, remuneration, removal | [16M] powers & duties / position / who is a director 2025,2022,2021,2020,2019,2016,2015(100); appointment & removal 2018,2015,2019(100); [10M] 2025,2024,2023,2022,2021,2025-Jul(80); position 2023,2021(80); [SN] removal 2023,2021(80),2025-Jul, appointment 2022(80) O-E12,O-E13,F-E15,F-E16,Jy80-Q3a,F-S15,F-S16 ⭐⭐⭐ |
| 3.3 | Meetings — kinds; procedure to convene; proceedings at general & other meetings; resolutions; quorum; AGM/EGM; statutory meeting | [16M] kinds/procedure/requisites of valid meeting 2025,2024,2024-Mar,2023,2022,2021,2020,2019,2016,2015(100); [10M] 2024,2023,2021,2025-Jul(80); statutory meeting 2023(80); [SN] AGM 2019(100),2025(80), EGM 2026(80), kinds of meeting 2022(80), special resolution 2014(100), statutory meeting 2025-Jul(100) O-E14,F-E17,F-E19,F-E20,O-S17,O-S28,F-S13,F-S17,Jy100-Q8c,J26-Q3b2 ⭐⭐⭐ |
| 3.4 | Prevention of oppression and mismanagement; Foss v. Harbottle & exceptions; majority rule/minority protection | [16M] oppression & mismanagement / conditions of relief 2023,2021,2019,2014(100); Foss v Harbottle 2023,2017,2016(100),2026(80); [10M] 2024,2022(80),2026(80); [SN] CG power to prevent mismanagement 2023(100),2025-Jul,2021(80), rule in Foss v Harbottle 2022,2019,2016(100), prevention of oppression 2024(80) O-E15,O-E16,F-E18,O-S9,O-S12,F-S14,F-S18,J26-Q3a,J26-Q3a2 ⭐⭐⭐ |
| 3.5 | Corporate Social Responsibility (s.135) | [16M] 2024-Mar(100); [SN] 2024,2021(100),2025,2024,2023,2023-Mar(80),2026(80) O-S4,F-S12,J26-Q3b ⭐⭐ |
| 3.6 | Remuneration of directors (managerial remuneration) — s.197, Schedule V | [16M] (anticipated — syllabus topic; not set as a standalone question, only within the director “position, powers and duties” essay, so taught and rehearsed here) ✎ — answered as Q3.8 ⭐ |
📅 Unit 4 — Financial Structure of Company
Topic-wise Questions
| # | Topic | Questions & Frequency |
|---|---|---|
| 4.1 | Shares — meaning; types; share capital & kinds | [16M] what is a share/kinds 2025-Jul(100); different types of share capital 2024,2021,2018,2016(100); [10M] what is a share/kinds 2023,2021(80); [SN] share capital 2025(100),2019(100), kinds of share capital 2025-Jul(80), preferential share capital 2025-Jul(100) O-E24,F-E25,Jy100-Q5,O-S3,Jy80-Q4b,Jy100-Q8b ⭐⭐⭐ |
| 4.2 | Allotment of shares — general principles & statutory restrictions; calls | [16M] allotment principles & restrictions 2023,2021,2019,2018,2017,2016,2014,2024-Mar(100); [10M] 2025,2024,2024-Mar,2023,2022,2021,2025-Jul(80); call on shares 2023(100); [SN] call on shares 2018,2016(100) O-E18,F-E21,Jy80-Q4a,O-E20,O-S20 ⭐⭐⭐ |
| 4.3 | Transfer of shares; membership; rights & privileges of shareholders; judicial/quasi-judicial intervention | [16M] procedure for transfer & remedy for refusal 2015(100); who may be a member/how to become a shareholder 2026(80); judicial/quasi-judicial intervention in transfer 2026(80); [SN] transfer of shares 2024(100), procedure for transfer 2023(80) O-E19,J26-Q4a,J26-Q4a2,O-S30,F-S22 ⭐⭐ |
| 4.4 | Dividends — declaration & payment; rules | [16M] rules/law on declaration & payment 2022,2019(100),2025-Jul(100); [10M] define & rules 2023,2021(80); [SN] dividend 2025,2024,2023,2022,2021,2017(100),2024,2022,2025-Jul(80) O-E23,F-E24,Jy100-Q6,O-S2,F-S20 ⭐⭐⭐ |
| 4.5 | Buy-back of shares; private placement | [SN] buy-back of shares 2022,2021(80) F-S23; private placement (never asked directly — syllabus topic, teach anyway) ✎ ⭐ |
| 4.6 | Debentures — meaning, kinds, characteristics; debenture holders vs shareholders; trustees; redemption | [16M] debenture meaning/kinds/characteristics 2020,2018,2017(100),2022(100 + distinguish holder); [10M] 2025,2024,2024-Mar,2023,2022,2021,2025-Jul(80); [SN] debenture 2023,2022,2018(100), kinds 2023(80), duties of debenture trustees 2015(100), distinguish shareholder/debenture holder 2026(80) O-E21,F-E22,O-S7,F-S21,O-S25,J26-Q4b2 ⭐⭐⭐ |
| 4.7 | Charges — fixed & floating charge; crystallisation; charge on assets | [16M] floating charge / when crystallise 2025,2019,2015,2014(100); [10M] 2022(80); [SN] floating charge 2025(80) O-E22,F-E23,F-S19 ⭐⭐ |
| 4.8 | Acceptance of deposits by companies | (never asked — syllabus topic, teach anyway) ✎ ⭐ |
| 4.9 | Rights and privileges of shareholders/members — s.47/48/62/100/105/241/245 | [16M] (anticipated — syllabus topic; approached in past papers via the membership/transfer rows at 4.3, not set as a standalone essay, so consolidated and rehearsed here) ✎ — answered as Q4.7 ⭐⭐ |
| 4.10 | Remedies of debenture-holders on default — s.71 | [16M] (anticipated — syllabus topic; not set as a standalone question, taught alongside debentures at 4.6) ✎ — answered as Q4.8 ⭐ |
📅 Unit 5 — Reconstruction, Amalgamation and Winding Up
Topic-wise Questions
| # | Topic | Questions & Frequency |
|---|---|---|
| 5.1 | Reconstruction, rehabilitation & amalgamation — concept; jurisdiction & powers of courts and NCLT; vesting of rights & transfer of obligations | [16M] duties/powers of Tribunal / CG in reconstruction & amalgamation 2025(100),2017(100); [10M] role/duties & powers of NCLT 2025,2024,2023,2022,2021,2025-Jul(80); reconstruction & amalgamation forms 2026(80); [SN] O-E28,F-E27,Jy80-Q5a2,J26-Q5a2 ⭐⭐⭐ |
| 5.2 | Takeover & acquisition of minority interest (squeeze-out); protection of minority in amalgamation | [SN] take-over & acquisition of minority interest 2014(100); protection of minority interest in amalgamation 2025(80) O-S29,F-S25 ⭐ |
| 5.3 | Winding up — concept; modes; who can apply; grounds | [16M] modes/methods of winding up 2024,2021,2018,2014(100),2025-Jul(80); grounds/circumstances for winding up by Tribunal 2023,2022,2021,2020,2019,2018,2017,2016,2015(100),2024,2023,2022,2021,2026(80); just & equitable 2023(80); who can apply 2023(80); [SN] persons who can apply 2025,2023(80),2026(80), modes of winding up 2022(80) O-E25,O-E26,F-E26,Jy80-Q5a,F-E28,F-S24,F-S28,J26-Q5a,J26-Q5b,J26-Q5b2 ⭐⭐⭐ |
| 5.4 | Members’ voluntary winding up; compulsory winding up | [16M] members’ voluntary winding up 2019,2016(100); when voluntary 2022(100); [10M]/[SN] 2021,2022(80); compulsory winding up 2014(100 SN) O-E27,F-E28,F-S29,O-S27 ⭐⭐ |
| 5.5 | Liquidator — appointment, powers & functions; preferential payments | [16M] appointment/powers/functions of liquidator 2014(100); [SN] liquidator 2023(100),2021(80),2025-Jul(80); duties of official liquidator 2017(100); preferential payments 2023,2021(80),2025-Jul(80); powers of liquidator without tribunal’s permission 2023(80) O-E30,O-S8,O-S23,F-S30,Jy80-Q5b2,F-S26,Jy80-Q5b,F-S27 ⭐⭐ |
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