NMIMS University 2005 Advanced Diploma in Business Administration Legal Framework for Financial Management (Business Laws in Finance) - Question Paper

NARSEE MONJEE INSTITUTE OF MANAGEMENT STUDIES
(DEEMED UNIVERSITY)

DISTANCE LEARNING PROGRAMMES IN MANAGEMENT

MAY 2005 exam

LEGAL FRAMEWORK FOR FINANCIAL MANAGEMENT / BUSINESS legal regulations IN FINANCE

PGDFM II

DATE : 11 / 05 / 05 TOTAL MARKS : 100

TIME : 10:00 AM TO 1:00 PM


Note :
1. ques. no. one is compulsory
2. ans any 5 from remaining
3. Total no. of ques. are eight

Q.1.(A) Write short notes on any 4 of the subsequent : (16 marks)
a)Key elements of a valid contract
b)Remedies available for breach of contract
c)Dishonour of cheque
d)Contents of Memorandum of Association
e)Objects of Securities Exchange Board of India Act, 1992
f)Person resident in ‘India’ under FEMA, 1999

Q.1.(B) Distinguish ranging from (Answer any three) (9 marks)
a)Anticipatory and true Breach of Contract
b)A Public and Private Company
c)Current Account transaction and Capital Account transaction
d)Bill of Exchange and Promissory Note

Q.2. When, Why and How is the Annual General Meeting of a Public Company held?
(15 marks)

Q.3. discuss the various methods of discharge of a Contract. (15 marks)

Q.4. define the composition and powers of SEBI (15 marks)

Q.5.“Foreign Exchange Management Act, 1999 is a user friendly legislation” Elucidate.
(15 marks)

Q.6.Comment on any 2 of the following: (15 marks) a) Doctrine of ultra vires
b)Minor’s contract is void
c)Agreements opposed to Public Policy or Morality is void
d)Role of Authorised Person under FEMA

Q.7.(A) State whether actual of False (5 marks) a) An offence under FEMA can be compounded
b)Contravention of FEMA is a criminal offence
c)SEBI has powers of search and seizure
d)Articles of Association can be amended to any extent
e)Damages are not available for mental agony or suffering

Q.7.(B) define the powers of Board of Directors of a Public Company. How are they exercised? (10 marks)

Q.8. write a concise note on how investors are protected by SEBI. (15 marks)

Earning:   Approval pending.