The Institute of Chartered Financial Analysts of India University 2011 C.A Chartered Accountant Chartered Accountancy -Pcc - Mock Test Series 1 - Question Paper

refusal of the company the employees of the company moved to the court for
relief.
Decide in reference to the provisions of the payment of Bonus Act, 1965 whether
the employees will get the relief? Inspite of the aforesaid agreement whether the
employees are still entitled to receive minimum bonus.
10. Manorama Group of Industries sold its textile unit to Giant Group of Industries.
Manorama Group contributed 25% of total contribution in Pension Scheme,
which was due before sale under the provisions of Employees Provident Fund and
Miscellaneous Provisions Act, 1952. The transferee company (Giant Group of
Industries) refused to hear the remaining 75% contribution in the Pension
Scheme. Decide, in the light of the Employees Provident Fund and
Miscellaneous Provisions Act, 1952, who will be liable to pay for the remaining
contribution in case of transfer of establishment and upto what extent?
11. 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.
12. A Company was incorporated on tenth April, 2007, and had entered into a
contract with a 3rd party on ninth March, 2007 for supply of goods. After
incorporation the company does not want to proceed with the contracts. State in
this connection, whether the company is bound by the contract. If not who can be
held personal liable?
13. The number of members in the public company were decreased to 6 and the
company continued to carry on its business. State in this connection, whether the
remaining persons will be liable and under what circumstances?
14. A limited company is formed with its articles stating that 1 Mr. X shall be the
legal advisor of the company and that he shall not be removed other than on the
ground of misconduct. Can the company remove Mr. X from the position even
though not guilty of misconduct?
15. State in the subsequent cases, whether the resolution is carried out and the type of
resolution:
(a) 12 members who are entitled to vote are presented at the meeting. Seven
voted in favour and five against the resolution.
(b) If in the above situation, 9 abstain from voting, 2 vote in favour and one
against the resolution. Is the resolution carried out?

Earning:   Approval pending.