Institute of Chartered Financial Analysts of India (ICFAI) University 2008 C.A Accounts -PCC--_ – 3 : LAW, ETHICS AND COMMUNITION - Question Paper

able to pay minimum bonus to its workmen. Referring to the provisions of the Payment
of Bonus Act, 1965 state whether the company is needed to provide the minimum bonus
irrespective of losses and it can be exempted by from payment of Bonus.
12. discuss the provisions relating to time limit for payment of bonus and maximum amount
of bonus to be provided to an employee under the Payment of Bonus Act, 1965.

The Employees Provident Fund and Miscellaneous Provisions Act, 1952

13. elaborate the establishments to which E.P.F. & M.P. Act do not apply? How shall the
amount standing to the credit of P.F. etc shall be dealt if the person desires to leave the
establishment?
14. X, an employee in ABC Ltd (covered by the EPF and MP Act, 1952) died in an accident.
State to whom the amount standing in his account to be payable under the provisions of
the Act.
15. elaborate the establishments, which are exempted from the provisions of the EPF & MP
Act, 1952?

The Payment of Gratuity Act, 1972

16. An employee who is governed by the Payment of Gratuity Act, 1972 committed a theft in
the course of his employment. And consequently his services was terminated. State in
this connection, whether the gratuity payable to him shall be wholly or partly forfeited.
17. discuss the provisions of the Payment of Gratuity Act, 1972 relating to ‘forfeiture of the
amount of Gratuity’ payable to an employee.
18. discuss the manner in which the gratuity payable to employees in a seasonal as well as
other establishments is computed under the Payment of Gratuity Act, 1972. State also
the maximum amount of gratuity payable under the act.

The Companies Act, 1956

19. discuss provisions relating to (a) Modification and (b) Satisfaction of charge.
20. describe Minimum Subscription? When it is to be refunded? Can share application money
be deposited in any bank?
21. elaborate the documents that have to be filed at the time of registration of a company to
the Registrar?
22. Illustrate, whether a limited company can become partner in a partnership firm?
23. Briefly discuss the effects of Irregular allotment under the Companies Act 1956.
24. Mars Ltd. was in the process of incorporation. Promoters of the company signed an

Earning:   Approval pending.