Q1Indian Contract Act - Restraint of Trade
5 marks medium
X agreed to become an assistant for 5 years to Y who was a doctor practicing at Chennai. It was also agreed that during the term of agreement X will not practice on his own account in Chennai. At the end of the term Y sold the assistantship of Y and began to practice on his own account. Referring to the provisions of the Indian Contract Act, 1872, explain whether X could be restrained from doing so?
Q1Companies Act - Minimum Subscription
5 marks medium
What is meant by 'Minimum subscription'? State the provisions of the Companies Act, 1956 regarding the refund and deposit of minimum subscription.
State with reasons whether the following statements are correct or incorrect
Q1Organizational Management
5 marks medium
State the qualities which a sustainable innovation organization should possess.
Q2Payment of Bonus Act, 1965
4 marks medium
An employee was drawing a salary of ₹ 9,000 per month. He joined his service on January 22nd, 2013 and remained absent from February 10th to 21st until 7th, 2013 due to temporary disablement caused by an accident arising out of and in the course of his employment. Examine the relative difference in the amount of Bonus Act, 1965 whether he is eligible for bonus for the year 2012-2013.
Mr. X was serving in Popular Gratuity Limited. After serving for four years, X met with an accident and became permanently disabled. X applied to the company for the payment of gratuity. The company paid the gratuity on the ground that X's service was for four years. Decide, whether the contention of the company is valid?
Q2Corporate Social Responsibility
4 marks medium
What is meant by 'Corporate Social Responsibility (CSR)'? How corporate social responsibility helps in enhancing the brand image and reputation of a business organization?
Q2Communication
4 marks medium
State the major advantages of formal communication.
Q3Indian Contract Act - Discharge of Contract
8 marks hard
When a contract may be discharged under the provisions of Indian Contract Act, 1872. Explain in detail.
Q3Ethics - Integrity
4 marks medium
"The principle of integrity is a fundamental principle relating to ethics for all accounting and finance professionals." Explain.
Q3Organizational Behavior - Groups
4 marks medium
Describe the main characteristics of 'Groups' in a business organization.
Q3Statutory Meeting and Minutes - Companies Act
4 marks medium
The statutory meeting of ABC Limited was held on 20th January, 2012 at the registered office at New Delhi. Draft the minutes of the statutory meeting of the shareholders of the company.
Q4Companies Act - Share Buy-back
8 marks hard
Whether a company can buy-back its own shares? Discuss the legal provisions as regards to the conditions for buy-back controlled in the Companies Act, 1956.
Q4Ethics - Mahatma Gandhi's Seven Social Sins
4 marks medium
Describe the seven social sins listed by Mahatma Gandhi.