CWA/ICWA Inter :: Business Laws and Communication Skills : December 2006

1—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 rest in
Section I and any two from Section II.
Section — I
(Business Laws)
Marks
1. (a)

Comment on the following statements:
(i)Air pollutant and air pollution can not the same meaning.
(ii)

A Director may leave the company any time merely by submitting his resignation without waiting for its acceptance.

(iii)

Gratuity can be withheld by the employer for non-vacation of official quarter by the employee.

(iv)A company unable to pay its debts can be wound up.
(v)A complainant means any person in terms of Consumer Protection Act, 1986.
(vi)Doctrine of ultra-vires does not protect a company.
(vii)

In case of Hire Purchase Agreement, the title of goods passes to the buyer as soon as the first instalment is paid.

(viii)

Mr. X coerces Mr. Y to enter into a contract to sell Y's house worth Rs. 50 lakhs to X for Rs. 20 lakhs.

(ix)

Submission of Statutory Report is compulsory for each and every company.

 2x9=18
(b)

Industrial disputes are sought to be settled by various Authorities and methods prescribed by the Industrial Disputes Act, 1957. State the legal provisions.

 4
2. (a) Mention the offences and penalties under the Environment (Protection) Act, 1986. 4
(b) State the procedures for alteration of object clause of the Memorandum of Association. 4
(c) Who can demand poll in a meeting? 4
(d) Payment of dividend once declared cannot be withheld in any circumstances. - Comment. 4
3. (a) Write about "Partnership by Holding Out". 2
(b)

How does a person automatically vacates his office as a Director?

 7
(c)

How does the Companies Act, 1956 protect the interest of small deposit holders in repayment of deposit on maturity?

 5
(d) Can the Statutory Auditor be appointed as the Cost Auditor? 2
4. (a) When an offer lapses? 4
(b) Distinguish between "Set off" and "Set-on". 4
(c) Every Company must have an Independent Director. - Comment. 2
(d) A company cannot purchase its own shares. - Comment. 2
(e) What are the remedies for default in holding an Annual General Meeting? 4
Please turn over

( 2 )

1—7(BLC)
Revised syllabus
Marks
5. (a) Discuss the different types of meetings which are held in a Public Limited Company. 4
(b) Bill of Exchange and Promissory Note can not the same meaning. - Comments. 4
(c)

What happens if a company with a paid-up capital of Rs. 150 lakhs appoints Mr. BBM as Company Secretary having one of the alternative qualifications and the paid up capital is subsequently raised to Rs. 210 lakhs?

 2
(d) All Agreements are not Contracts but all Contracts are Agreements. 2
(e) State the procedures for appointment of a Managing Director. 4
6. Write explanatory notes on any four:
(a) "Sale" and "Agreement to Sell";
(b) Special Resolution;
(c) Unfair Trade Practice (MRTP Act, 1969);
(d) Corporate Governance;
(e) Sweat Equity Shares;
(f) Authentication of Balance Sheet and Profit & Loss Account.		 4x4
Section — II
(Communication Skill)
7. (a)

A multinational company wants to promote its new brands such as Paper Board, Agarbathies and edible oil, bearing a bit thrust on rural market. Draft a Chairman's speech for an Annual General Meeting.

 8
(b)

Prepare a charge sheet against the Accountant for preparing and issuing cheques without keeping sufficient balance, pointing out the consequences suffered by the company.

 7
8. (a)

Draft a letter cancelling the order placed with XYZ Ltd. due to failure to supply within the time specified in the order and claiming payment of difference in price, if any, arising out of procurement from other sources.

 8
(b)

Draft a suitable Newspaper insertion to be published under situation vacant column for recruitment of a Cost Accountant.

 7
9. (a)

Write a letter to the Delhi Electricity Board complaining against frequent power failure in your locality.

 8
(b)

Draft a suitable reply to a share holder who was complained about non-receipt of Annual Report for the Financial Year 2005-2006.

 7
10. (a)

Draft a notice of 75th Annual General Meeting of a manufacturing company. This notice includes an item of special business.

 8
(b)

Draft a letter to the Banker requesting for providing additional funds required by your company for modernisation of the Plant and Machinery.

 7

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