EMPI BUSINESS SCHOOL

End term Examination

PGDM Batch 2021 -23
Sub: Legal Aspects of Business(Core)

MAX MARKS: 60 MAX TIME: 3HRS 20 Minutes

Section – ‘A” (Total Marks: 20) Answer any two questions. All questions
carry 10 marks each.
1. Explain about the concept of Natural Justice in Indian legal system.

2. Anthony, the complainant, purchased a ticket for his journey from Chennai to Pune from
Blue Sky Airlines Ltd. The time of departure was mentioned on the ticket as 10.45 a.m.
and the plane departed at 9.00 a.m. instead of 10.45 a.m. Anthony reached the airport at
9.30 a.m. and missed the flight. Decide, whether Blue Sky Airlines Ltd. is guilty of
deficiency under the Consumer Protection Act, 1986 ? Whether Anthony is entitled for the
compensation? State your answers with reason(s).
3. Explain Prospectus of a company? The prospectus issued by a company contained a false
statement that B a very well-known successful businessman was on its Board of directors.
C acting upon this statement applied to the company for its shares. D who did not rely
upon this statement but on the basis of other information about the company given in the
prospectus applied for its shares. C and D were allotted shares by the company. E was a
subscriber to the Memorandum of Association of the company. F bought the shares
through the stock exchange later on, Each of them wants to know whether they can seek
remedies for mis-statement in the prospectus?
Section – ‘B’ (Total Marks: 15) Write short notes on any three. All questions carry 5 marks
each.
1. Alteration of Share Capital and Reduction of Share Capital?
2. Define rights against the goods?
3. What are the different types of mercantile agents?
4. Define the Partnership and state any two properties of the same?
5. What are the obligations of finder of lost goods? Explain briefly with reference to Indian
Contract Act, 1872?
Section – ‘C ‘(Total Marks: 25) Answer any three, Q. No. 1 is Compulsory.
Q.No. 1 carries 9 marks and the rest of questions carry 8 marks each.
1. Define AGM of a company? What are the powers of board of directors regarding AGM? A
was appointed as the Managing Director of OPQ Ltd. for a period of 4 years on his
66thbirthday on 1st June, 2016. A Board Resolution was passed to extend his term of office
by another five years and the same was approved by the members in the AGM of the
company held on 21st May, 2019, by an ordinary resolution. Is the re-appointment of A as
M.D. valid? Explain with reasons?
2. Whether a minor may be admitted in the business of partnership firm under the Indian
Partnership Act, 1932? Whether the minor will have any right in partnership firm? Explain?
3. Who are the parties to different types of Negotiable Instruments? Discuss critically the Law
relating to Competency of the Parties to any Negotiable Instrument.?
4. Explain right to information in RTI Act 2005. An applicant in his application sought reply from
the Public Information officer of a Public Authority, why a librarian post in his department
was lying vacant for the last 10 years. Is Public information officer bound to provide such
information?
5. What do you mean by domain name? Examine the law and procedure relating to domain
name disputes and their resolution.?