BCom In Accounting & Finance (BCAF) SEM III 2022 2023 Oct 2023 BUSINESS LAW Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q1 (a) Fillin the banks ( Any 8) 8 marks
2. Q1 Partner can be retired from Partnership firm
   • a. At the age of 65 b. if Retirement clause in agreement
   • c. whenever he wants d. other Partners force to so
3. Q2 what is the true test of the existence of Partnership
4. Q3 Which of the following is not a statutory welfare facility under Factories Act, 1948
5. Q4 ) As per factories Act , after how many years should the factory premises be painted and
   • a. body corporate not a body corporate_ c. attached to same as partnership
6. Q6 The maximum number of Partners carrying a banking business cannot exceed
7. Q7 The Limited Liability Act came into force in the year
8. Q8 Co- owners are considered as
9. Q9 Child means a person who has not completed of age
10. Q10 In LLP liability of the partners is
11. Q1 (b) State whether following statements are True or False (Any 7) 7 marks
12. Q1 The personal property of a minor is liable for the debts of the firm
13. Q2 The death of the partner dissolves the firm
14. Q3 Special measures should be taken where inflammable gas or vapour is under pressure
15. Q4 Under LLP the term business only includes trade
16. Q5 one of the designate partner shall be a resident in India
17. Q6 The winding up of LLP cannot be by the Tribunal
18. Q7 partner is not liable to the outsider for all the acts of the firm
19. Q8 should be provided with washing facility
20. Q9 The Indian Partnership Act 1932 govern LLP
21. Q10 Each partner plays the role of an agent and principles
22. Q2 'a) State the grounds on which a firm may be dissolved by the court. 8 marks
    • b) .State and explain the provisions of the Factories Act, 1948 regarding health measures to be taken for the benefit of the workers (7)
    • c) Who is a designated partner? What are the liabilities of a designated partner? 8
    • d) What are the liability of a retired partner before and after his retirement? SYBAF Law Marks 2 Hours 7
23. Q3 a) What are provisions regarding cleanliness of the factory premises?
    • b) Explain "hazardous process” under the Factories Act. State the advantages of LLP over Partnership created under Indian Partnership Act 7
    • d) How and when LLP is wound up under the Act? 7
24. Q4 a) Define partnership, What are the essential elements necessary in order to constitute a
    • b) State the procedure for incorporation of LLP. 7
    • c) State the difference between “Partnership” and “ Registered Company” 8
    • d) Can a partner be expelled from a partnership firm? If so under what circumstances? 7
25. Q5 a) State and explain the provisions of the Act as to maintenance of adequate ventilation and temperature in the factory. (8)
    • b) When a partner has no implied authority?
26. Q5 Write Short Notes
    • a) Minor's position in partnership
    • b) Act of a Firm
    • c) Advantages of LLP Form
    • d) Designated Partners
    • e) Characteristics of LLP

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