IES’s Management College and Research Centre, Mumbai

(FINAL EXAMINATION)

Date : 09/02/2021 Day: Tuesday Time: 11.00 am To 01.30 PM Duration: 2½ hrs.

Course : PGDM-1st Year Term.: II Sub: Legal Aspects of Business Max. Marks: 60
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CO1 Show the capabilities of analyzing and interpreting of the laws applicable to business.
CO2 Prove the capability to implement laws in business
CO3 Demonstrate the skills to resolve the business issues with the help of laws.
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Instructions:
1. Answer all Five (5) questions.
2. Marks are indicated against the questions.
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Q.1. A agrees to sell his car to B, Bis interested in buying that car (Wagon r white colour) for Rs3/- lacs
the sale deed was prepared and was signed by the purchaser and the buyer on 1st of December2020.
Is the agreement/contract valid?Does it meet all the essentials requirements of the contract? 12 CO1

Q.2. Examine these two situations and explain?

A shopkeeper selling Grocery. B a minor 12 years old approaches him for essentials food items
costing Rs3000/- B promises to pay the amount as soon as his parents return from the native place.
After sometime A notice that a yellow coloured ring lying outside his shop, he picks it up and keeps it
for himself. The ring is of gold? Discuss the above situations, are they contracts or not if yes, explain
in detail? 12 CO2
OR
Q.2. Z is the customer of HDFC Bank. Examine the following transactions of Z with the bank and comment.
-- Z buys a car, bank gave 80% loan to him for buying a Honda car costing Rs10/-lacs and
requested Z to give one person as surety..
-- Z gives 10 Tolas of gold to the as security and ask for 5/- lac rupees as loan.
-- Z buy a color T V costing Rs50,000/- on hire purchase scheme HDFC bank finance it.

Q.3. As a company secretary of Zen Pharmaceuticals Ltd draft the agenda of AGM and ensure that the
meeting’s notice is given to all the 5000 members, Directors, Auditors and the meeting is conducted
with requisite quorum ?
OR
Q.3. The creditors of a public Ltd company issues 21 days’ notice to the company and the company fails to
pay the dues. Creditors approach the Tribunal/Court for winding up of a company, will they succeed?
Discuss in detail the winding up process of the company? 12 CO3

Q.4. Shyam a local trader selling towels and bedsheets conceives the idea of exporting these items to South
African countries, as there is a great demand for Indian products, he decides to form a Public Ltd
company. He approaches his friends Shah & Associates for advice ,as an advisor please guide Shyam
about the process and the steps involved in formation of a public Ltd company.
OR
Q.4. Hyder Ali & co a company based in Zimbabwe Africa is interested in forming a Joint Venture with an
Indian Mr. Amir who is a pharma-products dealer both these parties approaches legal firm for starting
a new business the firm suggest formation of Limited Liability Partnership firm (LLP) as a legal
advisor advise your clients about the main provisions and the benefits of LLP Act of 2008? 12 CO2

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Q.5. Sunny a young Management Graduate is interested in starting an OPC (START-UP) i.e stitching and
selling children garments for that he takes a place on rent and buy 10 sewing machines from a reputed
company called USHA, the cost of each machine is Rs10,000/- out of 10 machines supplied by the
company 8 machines are ok 2 machines are defective despite of several reminders the has failed to
replace these machines Sunny decides to file a complaint, the Question is where? And how, is Sunny a
consumer of the goods?
OR
Q.5. A, B, C D are partners running a business of buying and selling Onions and Potatoes for their
customers mostly hotels and restaurants in Mumbai the business is running into losses because of
Covid-19 pandemic, and short supply of Onions, in between one partner dies because of covid-19 and
the other one becomes insolvent Can the partnership business continues? or it has to be dissolved?
Please discuss. 12 CO3

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