571107 LEGAL ASPECTS OF BUSINESS JANUARY 2011 ANNA UNIVERSITY MBA QUESTION PAPER JAN 2011 REGULATION 2010

571107 LEGAL ASPECTS OF BUSINESS JANUARY 2011 ANNA UNIVERSITY MBA QUESTION PAPER JAN 2011 REGULATION 2010

571107 LEGAL ASPECTS OF BUSINESS JANUARY 2011 ANNA UNIVERSITY MBA QUESTION PAPER JAN 2011 REGULATION 2010

M.B.A. DEGREE EXAMINATION, JANUARY 2011.

First Semester

571107 — LEGAL ASPECTS OF BUSINESS

(Regulations 2010)

Time : Three hours Maximum : 100 marks

Answer ALL the questions.

PART A — (10 × 2 = 20 marks)

1. Define law of agency.

2. Explain the rules pertaining to auction sale.
3. Explain the various features of meetings.
4. Differentiate between public and private company.
5. Explain how wage payments are registered statutorily.
6. Justify “Bonus is deferred wage”.
7. What is meant by value added tax?
8. Give a note on Corporate Tax Planning.
9. Distinguish between RTP and UTP.
10. Define cyber crime under cyber law.

PART B — (5 × 16 = 80 marks)

11. (a) What is meant by discharge of contract? Discuss the various modes of
discharging contract.
Or
(b) What is bill of exchange? Explain the various penalties in case of
dishonour of certain cheques for insufficiency of funds in the accounts.
12. (a) Discuss the duties and liabilities of directors under the Companies Act,
1956.
Or
(b) Define a company. Explain the classification of companies under the
Companies Act, 1956.
13. (a) Discuss the various safety measures stipulated in the Factories Act,
1948.
Or
(b) What is meant by conciliation? Explain how to resolve an industrial
dispute statutorily?
14. (a) Discuss the various methods of VAT calculations.
Or
(b) Discuss the scope of CST Act and issues in CST calculations.
15. (a) Discuss the salient features of Consumer Protection Act, 1986.
Or
(b) Analyse the importance of IPR legislations in information economy.