CWA/ICWA Inter :: Business Laws and Communication Skills : June 2004

I-7(BLC)
Revised Syllabus

Time Allowed : 3 Hours Full Marks : 100
Question No. 1 [both (a) and (b)] is 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)Mere sharing of profit is not conclusive evidence of partnership.
(ii)An individual dispute is not an industrial dispute.
(iii)Bonus payment may be linked to production or productivity.
(iv)An offer must be communicated to the acceptor.
(v)

A surety is not discharged even when the creditor changes his terms of contract with principal debtor.

(vi)

'Complainant' means any person. (Consumer Protection Act, 1986)

(vii)

The title to goods is transferred to the buyer immediately on payment of first instalment in Hire Purchase Agreement.

(viii)Shareholders can over rule the decisions of the Board of Directors.
(ix)It is illegal to pay gratuity in excess of the limits prescribed in the Payment of Gratuity Act.
(b) Distinguish between Bailment and Pledge. 4
2. (a) Explain the remedies available to aggrieved party for breach of contract. 6
(b) What are the businesses required to be considered in the Annual General Meeting? 4
(c)

In what ways does the Companies Act protect the interest of Deposit Holders in the repayment of deposit on maturity?

 4
(d) Any Public Ltd. Company can appoint both Managing Director and Manager. 2
3. (a) Under what circumstances a person automatically vacates his office as a Director? 6
(b)

State the consequences if the resolutions for reappointment of a retiring director is not passed at Annual General Meeting.

 4
(c)

Voilation of requirements of a valid allotments of shares by a company has serious consequences. — Comment.

 4
(d) What do you mean by Demat of shares? 2
4. (a)

Mr. Ram bought a Maruti Zen car from Mr. Shyam at Rs. one lakh. Mr. Ram was running the car for sometime. Subsequently due to Mr. Shyam's defective title, Mr. Ram had to return the car to Mr. Laxman who was the true owner. Is Mr. Ram entitled to recover the price from Mr. Shyam?

 6
(b) State the provisions regarding postal ballot for General Meeting under Companies Act, 1956. 4
(c) How the object clause of Memorandum of Association can be altered? 4
(d) What are the consequences of winding up orders by Tribunal? 4
Please turn over

( 2 )

I-7(BLC)
Revised syllabus		 Marks
5. (a) Define "Inter-connected Undertaking". (MRTP Act, 1969) 4
(b) Describe in brief the procedure for incorporation of a Public Company. 6
(c) Discuss the procedures for appointment of Cost Auditor. 4
(d) Is it mandatory for all companies to appoint a Company Secretary? 2
6. Write short notes on any four:
(a)Environment Audit;
(b)Dissolution of Partnership;
(c)Corporate Governance;
(d)Audit Committee;
(e)Bouncing of Cheques.
 4x4=16
Section II
(Communication Skills)
7.

Prepare a Report to the Board of Directors to open Marketing Divisions in other States for improving market share of products as a result in changes in Government policy.

 15
8. (a)

Write a notice to a customer who has given you a cheque which was dishonoured by bank for insufficiency of funds.

 8
(b) Write a charge memo, to Mr. A. Lagan, an employee who has committed gross misconduct. 7
9. (a)

Write a letter to the Postal Authority to permit your company to despatch educational journals at subsidized rate and to allot a permit number for this purpose.

 8
(b)

Draft a suitable letter to a general insurance company demanding insurance claim for loss suffered by your company due to burglary against a valid policy covering for fire, riot, strike, theft, burglary.

 7
10. (a)

Write a suitable letter to your customer whose order could not be executed in time due to unusual circumstances prevailing in your organisation. Also request him to bear with you and ask for another 15 days time to execute the order.

 8
(b)

Write a letter requesting your banker to raise the cash credit limit from Rs. 50 lakhs to Rs. 75 lakhs in order to cope with the new orders received from abroad.

 7

__________

© Krishbhavara ♣