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THE INSTITUTE OF COST AND MANAGEMENT ACCOUNTANTS OF BANGLADESH CMA DECEMBER, 2016 EXAMINATION
OPERATIONAL LEVEL
SUBJECT: R1. LEGAL ENVIRONMENT OF BUSINESS
Time: Three hours Full Marks: 100
Answer TWO questions from PART-A, TWO questions from PART-B, ONE question from PART-C and TWO questions from PART-D.
Answer must be brief, relevant, neat and clean.
Start answering each question from a fresh sheet.
PART-A: COMMERCIAL LAWS Q. No. 1.
(a) Differentiate between a Contract of sale and an agreement to sale?
(b) Discuss the formalities that require for making a contract of sale.
(c) Discuss the rule of passing risk of goods with exception if any.
[Marks: (6+7+7) = 20]
Q. No. 2.
(a) Define negotiable Instrument. Can a minor draw or endorse a negotiable instrument?
(b) What is notice of dishonor? In what different ways may an instrument be dishonored?
(c) Differentiate between a general crossing and a special crossing.
[Marks: (7+7+6) = 20]
Q. No. 3.
(a) Discuss the different types/methods of Arbitration.
(b) What conditions are implied in Arbitration Agreement?
(c) Discuss the provisions related to registration under Trade Mark Act 2001.
[Marks: (5+8+7) = 20]
PART-B: LABOUR LAWS Q. No. 4.
(a) What is conciliation? Describe the role of a conciliator under the Labour Act 2006.
(b) Describe the powers and functions of the labour Court.
[Marks: (5+5) = 10]
Q. No. 5.
(a) Describe the various types of workers under the Labour Act, 2006. What do you mean by an adolescent?
(b) Describe the provisions relating to maternity benefit of women workers.
[Marks: (5+5) = 10]
Q. No. 6.
Short Notes (Any Two):
(i) Compensation for injury;
(ii) Illegal Strike;
(iii) Labour Appellate Tribunal.
[Marks: (5x2) = 10]
Page 2 of 2 CMA DECEMBER, 2016 EXAMINATION
OPERATIONAL LEVEL
SUBJECT: R1. LEGAL ENVIRONMENT OF BUSINESS
PART-C: PARTNERSHIP ACT Q. No. 7.
(a) Describe different types of partners in a firm.
(b) ‘Sub-partner is not a partner’– Explain.
(c) What do you mean by ‘partner by estoppel’? Explain.
[Marks: (4+3+3) = 10]
Q. No. 8.
(a) Describe the mandatory duties of a partner in a firm.
(b) ‘Firm is not a person in the eye of law’– Explain.
[Marks: (5+5) = 10]
PART-D: CORPORATE LAWS Q. No. 9.
(a) What are the privileges that a Private Limited Company can enjoy than that of a Public Limited Company under Companies Act 1994?
(b) How a Public Limited Company is converted in to a Private Limited Company?
(c) Discuss the provision of statutory meeting which is must for a new Company.
[Marks: (5+5+5) = 15]
Q. No. 10.
(a) Discuss the provision of Bank Companies Act regarding paid up Capital and reserve of a bank.
(b) Discuss the provision of restrictions as to payment of dividend as laid down in Bank Companies Act-1991.
[Marks: (8+7) =15]
Q. No. 11.
(a) Who cannot be the Director of a Company?
(b) Discuss some grounds under which loan of Insurance Company are prohibited.
(c) “Life insurance is not Contract of indemnity”- Discuss.
[Marks: (5+5+5) = 15]
= THE END =
