BBA301-Legal and Regulatory Framework

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ASSIGNMENT

DRIVE	2014
PROGRAM	BBA
SUBJECT CODE & NAME	BBA 301-Legal and Regulatory Framework
SEMESTER	3
CREDITS	4
MARKS	60

Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.

Q.1 What are the various kinds of agencies?

Ans : Agency :

Fiduciary relationship between two parties in which one (the 'agent') is under the control of (is obligated to) the other (the 'principal') . The agent is authorized by the principal to perform certain acts, for and on behalf of the principal. The principal is bound by the acts of the agent, performed in carrying out entrusted duties and within the scope of agent's authority. An agency can be created by (1) express agreement, whether oral or written, (2) implication, based on the custom or practice of the trade, or (3) conduct of the principal. Under the legal doctrine of estoppel, the principal is prohibited from denying the existence of a

Q. 2 Define the meaning of a ‘Cheque’. Explain the crossing of a cheque and its types.

Ans : Meaning of ‘cheque’:

"Cheque is an instrument in writing containing an unconditional order, addressed to a banker, sign by the person who has deposited money with the banker, requiring him to pay on demand a certain sum of money only to or to the order of certain person or to the bearer of instrument."

Crossing of a cheque :

Q. 3 Explain different types of share capital.

Ans : Different types of share capital :

The term share capital denotes the amount of capital raised or to be raised by the issue of shares by a company and is used in many expressions. The usual different expressions of share capital found in the capital structure of a company are popularly known as "kinds of share capital."

These kinds are:

Q. 4 “CPA provides for the establishment of the central consumer protection council”. Explain the objectives of the central council in the light of the above statement.

Ans : Explanation of objectives :

Establishment of consumer protection councils is another important provision of the Consumer Protection Act. The consumer protection councils are in addition to the consumer disputes redressal agencies. The Act provides for the formation of Central Consumer Protection Council at National level and State Consumer Protection Councils in each state. The Councils are advisory in nature.

The principal object of the Councils is to protect the rights of the

Q. 5 What are the salient features of combination regulations under the Competition Act 2002?

Ans : Features of combination regulations under the competition act 2002 :

I. Meaning of ‘combination’  :

The term 'combination' for the purposes of the Competition Act is defined very broadly, to include any acquisition of shares, voting rights, control or assets or merger or amalgamation of enterprises, where the parties to the acquisition, merger or amalgamation satisfy the prescribed monetary thresholds in relation to the size of the acquired enterprise and the combined size of the acquiring and acquired enterprises with regard to the assets and

Q. 6 List the features and precautions of Trade mark Act, 1999.

Ans : Features of trade mark act 1999 :

1. It provides registration of trademarks for services besides goods.

2. Imitation of well known trade marks not permitted to be registered as it enlarges the grounds for refusal of registration. The provisions relating to defensive

Dear students get fully solved  SMU BBA Spring 2014 assignments

Send your semester & Specialization name to our mail id :

  “ help.mbaassignments@gmail.com ”

or

Call us at : 08263069601