This Paper has 39 answerable questions with 0 answered.
I–7(BLC)
Revised Syllabus |
| Time Allowed : 3 Hours | Full Marks : 100 |
| The figures in the margin on the right side indicate full marks. |
Question No. 1(a) and 1(b) are compulsory and attempt any three from
the rest in section I and any two from section II. |
| Section I |
| ( Business Laws ) |
| Marks |
| 1. | (a) | Comment on the following statements: | 2x9=18 | |
| | | (i) | Passing of risk is deendent on delivery of goods. | | (0) |
| | | (ii) | Every trade practice in restraint of trade is not necessarily a restrictive trade practice. | | (0) |
| | | (iii) | A Company has a separate legal existence of its own. | | (0) |
| | | (iv) | Lay off and retrenchment connote the same meaning. | | (0) |
| | | (v) | A stranger to a contract cannot sue upon it. | | (0) |
| | | (vi) | Depositary System means keeping of ownership records in electronic form. | | (0) |
| | | (vii) | No Return of Allotment is required to be filed with regard to the re-issue of foreited shares. | | (0) |
| | | (viii) | A company filling a shelf-prospectus is not required to file a prospectus. | | (0) |
| | | (ix) | Gratuity can be attached by an order of the court. | | (0) |
| | (b) | Distinguish between liquidated damagees and penalty. | 4 | (0) |
| 2. | (a) | Distinguish between Memorandum and Articles of Association. | 5 | (0) |
| | (b) | What happens if the resolution for re–appointment of a director is not passed at the Annual General Meeting? | 3 | (0) |
| | (c) | State the procedure for declaration and payment of final dividend. | 8 | (0) |
| 3. | (a) | Explain the principle of ’polluter pays’, in relation to the environment protection laws. | 4 | (0) |
| | (b) | Explain the provisions of law relating to political donations. | 4 | (0) |
| | (c) | What is a qualified report of an auditor? | 3 | (0) |
| | (d) | Explain the provisions relating to postal ballot. | 5 | (0) |
| 4. | (a) | In spite of having adequate profits in a particular year and also sufficient General Reserve made out of profits of earlier years, the company wants to declare dividend out of General Reserve. Advise the Board. | 5 | (0) |
| | (b) | Explain briefly dissolution of partnership firms. | 6 | (0) |
| | (c) | Can a minor be liable for payment of supplies of necessaries to him? | 2 | (0) |
| | (d) | Can an act done by a director become invalid if afterwards any irregularity is detected in his appointment? | 3 | (0) |
| 5. | (a) | List out the statutory books required to be maintained by a company. | 5 | (0) |
| | (b) | X and Y are joint–holders of five hundred shares in ABC Ltd. for the General Meeting of the Company,X whose name stands first in the order of names executes a proxy authorising M to attend the meeting. Is the proxy valid? Give reasons. | 3 | (0) |
| | (c) | Distinguish between ordinary business, special business and special notice. | 5 | (0) |
| | (d) | The Annual General Meeting of Messy Ltd. could not be held on time due to delay in finalization of accounts.Advise the company. | 3 | (0) |
| 6. | Write explanatory notes on any four: | 4x4=16 | |
| | (a) | Environmental audit; | | (0) |
| | (b) | Accounting Standard; | | (0) |
| | (c) | Acceptence for Honour; | | (0) |
| | (d) | Implied Authority of a partner; | | (0) |
| | (e) | Re–sale price Maitenance; | | (0) |
| | (f) | Remedies available under the Consumer protection Act. | | (0) |
| Section II |
| (Communication Skills) |
| 7. | (a) | Draft Directors Responsibility Statement which–forms part of the Directors Report. | 8 | (0) |
| | (b) | Draft an auditors certificate on compliance with the conditions of corporate governance under clause 49 of the Listing Agreement. | 7 | (0) |
| 8. | (a) | XYZ Ltd. are unable to deliver the goods to ABC Ltd. on the scheduled date of delivery. Draft a letter on behalf of XYZ Ltd. seeking extension of time by a month. | 8 | (0) |
| | (b) | Draft a suitable letter to invite one of your customers to attend a special sale of ladies silk dresses on 1 st October, 2005 to know in advance about it before it is put on sale to the general public. | 7 | (0) |
| 9. | (a) | A deposit holder in your company report that he has lost his fixed deposit receipt. The fixed deposit has matured already. Write a note to the Managing Director on the formalities to be followed before settlement of a claim from the deposit holder asking for the maturity amount. | 8 | (0) |
| | (b) | Write to your supplier, who has supplied goods of inferior quality which do not also correspond to the sample approved by you. | 7 | (0) |
| 10. | (a) | Draft a market survey report for submission before the Managing Director regarding opening of retail stores in the eastern parts of India, specially in West Bengal, Bihar and Assam. | 8 | (0) |
| | (b) | Draft a notice of suspension to an employee for serious derelication of duty causing massive loss to the company. | 7 | (0) |
