All India Management Association (AIMA) 2007 M.B.A Marketing Management Business Law - II - Question Paper
Friday, 01 February 2013 11:30Web
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(b) The dispute can be taken to the Court by an agreement of both the parties after obtaining approval of the Conciliator
(c) The dispute can be taken to the Court by the parties only after arbitration proceedings fail ranging from the parties
(d) The dispute can be taken to the Court only if such proceedings are necessary for preserving the rights of Ramnath Enterprises
(e) A dispute submitted for conciliation can simultaneously be taken to Court for its resolution.
( 2 marks)
37. Deepak filed a complaint with the District Forum, against Sheetal Industries for defect in their product due to which he suffered a serious health issue requiring immediate medical assisstance. Owing to the urgency to provide immediate relief to Deepak, the District forum passed interim orders for the payment of compensation. When Sheetal Industries failed to comply with the District Forum’s order, the District Forum ordered the attachment of the property of Sheetal Industries. Which of the subsequent statements is actual in respect of these circumstances under the Consumer Protection Act, 1986?
(a) The District Forum is not empowered to problem interim orders for the payment of compensation
(b) In case of failure to comply with the interim orders, further action by way of attachment of property can be taken only by the State Commission
(c) In case of failure to comply with the interim orders, further action by way of attachment of property can be taken only by the National Commission
(d) Attachment of property can be ordered only by Civil Court upon application by the District Forum
(e) The District Forum is empowered to problem interim orders and attach property of the opposite party upon his failure to comply with the interim orders.
( 2 marks)
38. The Securities Exchange Board of India (SEBI) initiated enquiry against Mahesh Industries Ltd., on the suspicion of indulging in insider trading and unfair trade practices related to the securities market. Pending enquiry, the SEBI has suspended the trading of the stock of Mahesh Industries Ltd., to protect public interests. Which of the subsequent statements is actual in respect of the powers of SEBI pending enquiry into the affairs of a company?
(a) The power of SEBI is limited only to production of books of account pending enquiry
(b) SEBI is empowered to carry out inspection of books, registers and other documents only pending enquiry
(c) SEBI can only restrain the directors of the company from accessing the securities market pending enquiry
| Earning: Approval pending. |
