BCom In Accounting & Finance (BCAF) SEM III 2023 2024 2024 BUSINESS LAW II Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q1 Limited Liability Partnership Act came into force in the year
2. Q2 Minimum members are required to start Partnership
3. Q3 of the partners in partnership is
   • A. Several B. Joint C. Joint and Several D. Joint or Several
4. Q4 Child means a person who has not complete his years of age
5. Q5 There shall be in every workroom of at cubic meters space
6. Q6 There should be at least one first- aid box for every
7. Q7 The contribution constitutes sf LLP
8. Q8 Every LLP has to have at least designated partners
9. Q9 Karta of Hindu Family firm has
   • A. Limited Liability B. No Unlimited Liability 50% Liability
10. Q10 The year of enactment of the Indian Partnership Act is
11. Q1 (b) State whether following statements are True or False 7 marks
12. Q1 Each partner plays the role of an agent and principles
13. Q2 Registration of the firm is compulsory under Indian Partnership Act
14. Q3 There can be partner in profits only who will not share losses of the firm
15. Q4 LLP is having a separate legal entity
16. Q5 .The Indian Partnership Act 1932 govern LLP
17. Q6 Special measures should be taken where inflammable gas or vapor is under pressure
18. Q7 Workers should be provided with washing facility
19. Q8 Profit sharing is the true test of partnership
20. Q9 Safety officer is where are employed in a factory
21. Q10 A retiring partner need not give a public notice of his retirement
22. Q2 (a) Define partnership. What are the essential elements necessary in order to constitute a
    • (b) Discuss the rights, duties and liabilities of the partners ? 7
    • (c) How and when LLP is wound up inder the Act? 8
    • (d) Explain "hazardous process" under the Factories Act? 7
23. Q3 (a) State and explain the salient features of LLP
    • (b) What is the importance of "Mutual Agency” in a VCD/. SYBAF. SEM Ill. BUSINESS LAW. 75 MARKS 7
    • (c) What are the requirements applicable to Hoists and Lifts and also about its 8
    • (d) State the advantages of LLP over Partnership created under Indian Partnership Act
24. Q4 (a) What are provisions regarding cleanliness of the factory premises? 8 marks
    • (b) State the procedure for incorporation of LLP. 7
    • (c) Explain the implied authority of a partner to bind the firm 8
    • (d) Who is a designated partner? What are the liabilities of a designated partner? 7
25. Q5 (a) State and explain the provisions of the Factories Act, 1948 regarding health measures to be taken for the benefit of the workers. (08)
    • (b) What are prescribed standards of humidification and ventilation and cooling
26. Q5 Write short notes on 15 marks
    • (a) Partnership and Joint Hindu Family
    • (b) Minor's position in partnership
    • (c) State the objects of LLP Act
    • (d) Precincts
    • (e) Public Notice

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