BCom In Accounting & Finance (BCAF) SEM III 2016 2017 Sep 2017 BUS. LAW Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q1 A) Multiple Choice Question (Any 8) (8mks)
2. Q1 Partnership is a result of (status contract)
3. Q2 In case of banking business, the maximum number of partners permissible is
4. Q3 Under the definition of Partnership business includes every (trade and trade, occupation and profession)
5. Q4 Admission of a new partner requires (consent of all partners, majority partners Every designated partners shall obtain (Adhar card, DPIN, APN)
6. Q6 Liability of partner in LLP is (limited, unlimited)
7. Q7 Notice to an active partner is notice to (that partner only, to the firm)
8. Q8 Factory premise ises should be cleared at least (Daily, Weekly, Fortnightly) 3 Under the Factories Act the maximum number of hours a worker can be asked to work ina (Creches to provided when (women workers employed, 30 or women workers 20 or women workers employed) State whether the following statement is true or false (Any7)
9. Q1 A partnership can be by minimum three parties
10. Q2 The name under which the business of the firm is carried on is known as the
11. Q3 A firm cannot be dissolved by the deed of partnership The Indian Partnership Act of 1932 governs LLP
12. Q3 The winding of the LLP cannot be made by the Tribunal No young person can operate a dangerous machine,
13. Q7 Merely placing the protective goggles for the eye in the rack is sufficient complying of the rules
14. Q8 A mobile unit that belongs to the armed forces of the Union is not a ‘factory’ under the definition of ‘ manufacturing process’
15. Q9 The personal property of a minor is liable for the debts of the firm
16. Q10 Factory means when five or more people are employed in a manufacturing process Define Partnership. Explain its essentials. (8mks) Explain the procedure for registration of firms. What are the consequences for non Sharing of profits is not the real test of partnership. Dicuss. (8mks)
17. Q2 D) What constitutes partnership property? Explain. (7mks)
18. Q3 A) Discuss the rights of the partners. (8mks)
19. Q3 B) Explain the implied authority of a partner to bind his firm. (7mks)
20. Q3 C) Explain the various Modes of Dissolution of the Firm (15mks)
21. Q4 A) Distinguish between LLP and Indian Partnership (8mks)
22. Q4 B) Explain the registration of LLP (7mks)
23. Q4 C) Discuss the characteristic of LLP (8mks)
24. Q4 D) Write in short about designated partners (7mks)
25. Q5 A) What are the provisions regarding Safety of workers in the factory? (8mks) QSB) Explain the welfare measures provided under the Factories
26. Q5 C) Write Short (15mks) Manufacture under the Factories Act,1948
27. Q2 Minor as a Partner
28. Q3 Objectives of Factories
29. Q4 Whistle Blower
30. Q5 Voluntary winding up of LLP

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