Answer the following problems.

problem 1) What do you understand by the winding up of a company? Distinguish between members ’voluntary winding up and creditors’ voluntary winding up. describe the provisions of the Companies Act applicable in respect of members’ voluntary winding up.

problem 2) Briefly describe provisions made under SEBI Act concerning prohibition of manipulative and deceptive devices, insider trading and substantial acquisition of securities or control.

problem3) Discuss the penalty which can be imposed under FEMA if a person contravenes any provision of this Act, or contravenes any rule, regulation, notification, direction issued in exercise of power under this Act.

problem 4) describe ‘Unfair Trade Practice’ under Consumer Protection Act.

problem 5) prepare Short notes on any two of the following.

(a) Doctrine of Constructive Notice

(b) Holder-in-Due-Course.

(c) Memorandum of Association.

(d) Monopolistic Trade Practice.