Reg. No Question Paper Code : 12042 M.B.A. DEGREE EXAMINATIONS, JANUARY 2022. First Semester BA 4105 - LEGAL ASPECTS OF BUSINESS (Regulations 2021) ‘Time : Three hours Maximum : 100 marks Answer ALL questions. PART A— (40 x 2= 20 marks) 1. When does an Agreement and Acceptance get completed in Contract? 2. Differentiate between Guarantee and Warrantee. 3. State the major principles of Company. 4. Define competition. 5. What is known as minimum wages and living wages? 6. Whatis called as Bonus and ex-gratia? 7. Define Corporate Tax. 8. What is input tax credit? 9, Whois a customer and consumer? 10. What is called as Copy rights? PART B— (6 x 13 = 65 marks) 11. (a) Explain the essential elements and types of a contract. as) Or () Discuss the rights and liabilities of an unpaid seller. as)13. a 15. 16. @, ) @ (b) @) ). @ ©), @ (b) Explain the types of companies with its characteristics with suitable P ype Ps ' illustrations. Or Narrate the scope and challenges involved in Competition Act practices. ) as) Discuss the major features of Health, Welfare and safety provisions of Factories Act. a3) or Describe the Industrial Disputes redressal settlement mechanism (a3) process. "Corporate Tax Planning in a system regulates the smooth functions of corporate as well as the source of revenue for the Government". Discuss your view. a3) Or Explain the procedures involved in handling Levy and collection of CGST and IGST. a3) Discuss the types of Consumer Redressal Machineries and Forums involved in settling the consumer grievances and claims. a3) or Explain the process of Filing of Patent Applications and the claim of Rights from Patents. a3) PART C— (1x 15 = 15 marks) Highlight the essential conditions for the maintenance and Governance of Negotiable instrument Act. (a5) Or Corporate Governance is a tool to enhance the function of corporates and will direct towards the future direction of companies.”-Discuss. (as) 2 12042