CORPORATE LAW

BEST OF LUCK

1.

A Company incorporated in Nepal, its head office is in Tripureshwor. 80% of shares holding is of the
people living in New Delhi. Company secretary decided to held the extra ordinary general meeting in
New Delhi. Mr. Ram one of the shareholders other than holding 80% object that meeting cant be held in
New Delhi and appropriate notice is also not given.
Following decision have been taken in the meeting:
Shares of Mega Bank transferred to SBI Bank of Nepal
Board of Directors declared 25% dividend but in the general meeting shareholders declared 40%
dividend.
Number of directors reduced from 7 to 5.
Notice issued to members within 45 days

2.

Nepal Telecom Co. Ltd. Is partially owned by GON has declared dividend amounted to 40% of its paid up
capital which is 2,00,00,00,000 and dividend was distributed to shareholders. Comment on the
distribution referring to the Companies Act 2063

3.

Ban imposed on dividend distribution by any Bank or Financial Institution under BAFIA 2063

4.

An auditor commences an offence relating to audit of company account. What punishment can be given
under Companies Act 2063?

5.

A Company enters in a contract which is ultra virus. Shareholders holding 25% shares asked to the
directors to cancel the contract, but directors did not.
You are appointed as legal advisor by directors whether directors have to cancel the contract.

6.

Study Insolvency Act 2063 whole

7.

Study section 6 to 11 of Privatization Act 2050 (1994)

8.

Exemption and facilities to cooperative & societies under Cooperatives Act 2048 (1992)

9.

Formation of Industrial Promotion Board under Industrial Enterprises Act 2049

10. A Chartered Accountant enters in partnership with a person not obtaining COP which violates code of
ethics issued by ICAN. What punishment can be imposed on such Chartered Accountant by council of
ICAN?
11. Procedure of issue of securities under Securities Act 2063
12. How NRB mobilize its Foreign Exchange Reserve?
13. A company borrowed loan from a bank on the condition that no existing shareholders can transferred
his/her shares until loan is repaid. One director has transferred his share to another director with the
consent of bank and resign from the office of director and the same is reported to CRO also.
Whether the director can free from his liability by transferring his shares?
14. What is the procedure for the settlement of dispute arises between foreign investor and national
investor under Foreign Investment and Technology Transfer Act 2049
15. Formation of International Financial Transaction Board and what is the function, duties and power of the
board.
16. Removal of chairperson of securities board.
17. Liability of Insurer.
18. Distribution of Bonus under Bonus Act, 1974
19. What are the remedies for breach of contract?
RITESH AGRAWAL