Q1(a)Surety - Discharge from Liability - Indian Contract Act, 187
5 marks hard
Amit stands surety for 'Bikram' for any amount which 'Chander' may lend to 'Bikram' from time to time during the next three months subject to a maximum amount of ₹ 1,00,000 (one lakh only). One month later 'Amit' revokes the surety, when 'Chander' had already lent to 'Bikram' ₹ 10,000 (ten thousand). Referring to the provisions of the Indian Contract Act, 1872. Decide:
Q1(b)Loan to Employees - Companies Act, 2013
5 marks hard
MNO Private Limited, a subsidiary of PQR Limited, decides to give a loan of ₹ 4,00,000 to the HR (Human Resource) Manager, who is not a Key Managerial Personnel (KMP) of MNO Private Limited, drawing salary of ₹ 30,000 per month, to buy 500 partly paid-up Equity Shares of ₹ 1000 each in MNO Private Limited. Examine the validity of company's decision under the provisions of the Companies Act, 2013.
Q1(c)Business Ethics
5 marks medium
State with reasons whether the following statements are correct or incorrect:
Q1(d)Communication - Oral vs Written
5 marks medium
State reasons for selecting oral mode of communications instead of written mode of communications.
Q2(a)(i)Payment of Bonus Act, 1965
4 marks medium
State with reasons whether the following persons are entitled to receive bonus under the Payment of Bonus Act, 1965:
Q2(a)(ii)Payment of Gratuity Act, 1872 - Continuous Service
4 marks hard
Mr. X was an employee of Green Sugars Ltd. The whole of undertaking of Green Sugars Ltd. was takeover by a new company named Modern Sugars Ltd. The services of Mr. X remained continuous in the new company. After serving for one year Mr. X met with an accident and became permanently disabled. Mr. X applied to the new company for the payment of Gratuity. The new company refused to pay Gratuity on the ground that Mr. X has served only for a year in the new company. Examine the validity of the refusal of the company in the light of the provisions of the Payment of Gratuity Act, 1872.
Q3aiIndian Contract Act - Performance of Contracts
4 marks medium
Under what circumstances the original contract need not be performed as stated under section 62 to 67 of the Indian Contract Act, 1872?
Q3aiiContract Formation - Offer and Acceptance
4 marks hard
Mr. U offered to sell his house to Mr. X for ₹ 15,00,000. Mr. X accepted the offer by post. On the very next day Mr. X sent a telegram revoking the acceptance which reached Mr. U before the letter of acceptance. Is the revocation of acceptance valid? Would it make any difference if both the letter of acceptance and the telegram of revocation of acceptance reach Mr. U at the same time?
Q3bEthics in Marketing
4 marks medium
Explain the pragmatic reasons for maintaining ethical behaviour in marketing through marketing executives.
Q3biEthics - Sources of Ethical Standards
4 marks medium
Explain any four sources of ethical standard.
Q3biiGroup Dynamics
4 marks medium
List out the characteristics of group personality under Group Dynamics.
Q3cCommunication
4 marks medium
Write short notes on the following: (I) Proxemics (II) Haptics
Q4aiCompanies Act, 2013 - Prospectus
4 marks medium
Explain the concept of Deemed Prospectus under the Companies Act, 2013. Under what circumstances such prospectus need not be issued?
Q4aiiCompanies Act, 2013 - Capital Structure
4 marks medium
Diminution of share capital does not constitute a reduction within the meaning of Companies Act, 2013. State in what respects they differ from each other.
Q4bCritical Thinking
4 marks medium
What is meant by 'Critical thinking'? Suggest the measures to develop critical thinking.
Q4cBusiness Communication
4 marks medium
Prepare a check list for organizing the messages in a business firm as a job of composing business messages being assigned to you.
Q5aiNegotiable Instruments Act - Cheque and Endorsement
4 marks hard
Mr. A is the payee of an order cheque. Mr. B steals the cheque and forges Mr. A signatures and endorses the cheque in his own favour. Mr. B then further endorses the cheque to Mr. C, who takes the cheque in good faith and for valuable consideration. Examine the validity of the cheque as per the provisions of the Negotiable Instruments Act, 1881 and also state whether Mr. C can claim the privileges of a Holder-in-Due course?
Q5aiiNegotiable Instruments Act - Endorsement
4 marks medium
Explain the concept and different forms of Restrictive and Qualified endorsement.
Q5bCompanies Act, 2013 - Issue of Shares
4 marks hard
Examine the validity of the following referring to the provisions of the Companies Act, 2013 and/or Rules: "The Articles of Association of X Ltd. contained a provision that upto 4% of issue price of the shares may be paid as underwriting commission to the underwriters. The Board of Directors of X Ltd. decided to pay 5% underwriting commission."
Q5bBoard meeting notice, share buy-back, director co-option
4 marks medium
Draft a notice for convening the Board of Directors Meeting of M/s. Growmore Limited where the agenda is to consider buy-back of company's equity share capital to an extent of 5% of its issued share capital and also where Mr. Anand is to be co-opted as an additional director.
Q5cEthics and Environment
4 marks medium
Discuss different environmental phenomena of ethical concern?
Q5cCompany law, partnerships, resolutions, negotiable instrumen
4 marks easy
State whether the following statements are correct or incorrect:
Q6aCompanies Act, 2013 - Registered Office
8 marks hard
What is the importance of registered office of a company? State the procedure for shifting of a registered office of the company from one state to another state under the provisions of the Companies Act, 2013.
Q6cIrregular allotment of shares
4 marks medium
When is an allotment of shares treated as an irregular allotment? Briefly state the effects of an irregular allotment.
Q6dEmployment discrimination
4 marks medium
Explain the practices widely recognized as discriminatory in employment.
Q6eInter-personal communication
4 marks medium
What are the basic principles of inter-personal communication?
Q7aEPF Act 1952, employer-employee contributions
4 marks medium
State the provisions of Employees' Provident Funds and Miscellaneous Provisions Act, 1952 regulating the quantum of contribution to be made by the employer and employee to the Provident Fund. Is it possible for an employee to increase the amount of his contribution to the Provident Fund more than the minimum contribution as statutorily prescribed?
Q7bShare transfer registration, Companies Act 2013
4 marks medium
A company refuses to register transfer of shares made by Mr. X to Mr. Y. The company does not even send a notice of refusal to Mr. X or Mr. Y respectively within the prescribed period. Has the aggrieved party any right(s) against the company for such refusal? Advise as per the provisions of the Companies Act, 2013.