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

agreement for the purchase of certain furniture for the company and payment was to be
made to the suppliers of furniture by the company after incorporation. The company was
incorporated and the furniture was used by it. Shortly after incorporation, the company
went into liquidation and the debt could not he paid by the company for the purchase of
above furniture. As a outcome suppliers sued the promoters of the company for the recovery
of money.
Examine whether promoters can he held liable for payment under the subsequent
situations:
(i) When the company has already adopted the contract after incorporation?’
(ii) When the company makes a fresh contract with the suppliers in terms of pre
incorporation contract?
25. What is red-herring prospectus? Briefly discuss the info memorandum as inserted
by the Companies (Amendment) Act, 2000.
26. 40 out of 100 members of a company submitted a requisition for holding of an extra
ordinary general meeting in order to remove Managing Director from office. On the
failure of the company to call the meeting, the requisitionists themselves called the
meeting at the registered office of the company. On the appointed day, they could not
hold the meeting at the registered office as it was kept under lock and key by the
Managing Director himself. The members held the meeting elsewhere and adopted a
resolution removing the Managing Director from office. Is the resolution valid?
27. discuss the meaning of `Shelf Prospectus’. elaborate the provisions in the Companies
Act, 1956, as amended in 2000, relating to the problem of ‘Shelf Prospectus’?
28. A Public Limited Company wants to increase its subscribed share capital by offering the
new shares to the persons who are not the members of the company. Referring to the
provisions of the Companies Act, 1956, advice the company about the procedure the
company has to adopt to provide effect to the above proposal.
29. Briefly state the circumstances to lift the status of corporate legal entity of company
under the Companies Act, 1956?
30. Board of Directors of PQR Ltd., called for EGM on 14th January, 2008. Mr. X who is
newly appointed as Company Secretary is confused over the problem of sending notices to
joint shareholders of the company. Advise Mr. X by referring to the provisions of
Companies Act, 1956.
31. define the ways to become a member of a company.
A company issued 20 partly paid equity shares and registered them in the name of the
minor describing him as minor. The dad of the minor signed the application on the
minor’s behalf. After a few time company went into liquidation. The company filed a suit
against dad of the minor to recover the remaining amount on the shares. Whether the
company will succeed ? Advice.
32. A general meeting of a public company was adjourned by the chairman for want of
quorum. Fresh notice was not served for the adjourned meeting. Do you feel that notice
is needed for the adjourned meeting? Referring to the provisions of the Companies Act,
1956 state the minimum number of members needed to be current in the adjourned
meeting.

ETHICS

33. List the benefits of ethical business practices.
34. How Corporate Social Responsibility helps in increasing Sales and Customer Loyalty?
35. elaborate the different guidelines for managing ethics in the workplace?
36. describe the subsequent terms:
(i) Ozone Depletion
(ii) Acid Rain
37. Distinguish ranging from Public Interest and Consumer Interest.
38. What point should be kept in mind for creating sound ethical environment in any
company?
39. explain briefly ‘Ethical Conflict Resolution’.
40. elaborate the objects of Central Consumer Protection Council?
41. What do you understand by the term ‘Ecological Ethics’?

BUSINESS COMMUNICATION

42. What is Chronemics?
43. what are the merits and demerits of the grapevine communication.
44. discuss the main barriers to communication.
45. elaborate the principles of inter-personal communication?
46. elaborate the salient characteristics of groups in an organization?
47. Suggest guidelines to handle communication ethics dilemmas.
48. What qualities should a sustainable innovation organization possess?
49. What is the content of Annual Report of a company?
50. discuss lease deed.

Earning:   Approval pending.