Information Technology Act, 2000 – Jurisprudence, Interpretation & General Laws Important Questions

Question 1.“The Information Technology Act, 2000 does not apply to certain documents or transactions”. Explain.OrDescribe the documents or transactions to which the Information Technology Act, 2000 shall not apply. [Dec. 2019 (4 Marks)]Answer:The Information Technology Act, 2000 does not apply to the following documents or transactions: Question 2.Distinguish between: ‘Public key’ and ‘private key’. [June […]

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Formation of LLP – Setting Up of Business Entities and Closure Important Questions

Question 1.State the advantages of limited liability partnership form of business organization.Answer:Advantages of LLP are as follows:1. Easy to form: Forming LLP is an easy process. It is less complicated and time-consuming unlike the process of formation of a company. 2. Liability: The partners of the LLP have limited liability which means partners are not

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Distribution of Profits and Dividend – Company Law Important Questions

Question 1.Distinguish between: Interim Dividend and Final Dividend. (December 2014) (4 marks)Answer: Basis of Distinction Interim Dividend Final Dividend Meaning The dividend which is paid in the middle of the year is known as an interim dividend. A dividend that is recommended by the Board of Directors and approved by the shareholders in AGM is

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Debt Instruments and Deposits – Company Law Important Questions

Question 1.What are the rights, powers, and disabilities of debenture trustees?OrWith reference to the provisions of the Companies Act, 2013 and the rules framed thereunder, state the disqualifications for a Debenture Trustee. Ex¬plain whether the following persons can be appointed as Debenture Trustee?(i) A relative of the whole-time director of the company.(ii) A shareholder who

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Corporate Social Responsibility – Company Law Important Questions

Question 1.Write a note on Corporate Social Responsibility. (June 2016) (4 marks)Answer:1. As per section 135 of the Companies Act, 2013, the CSR provision is ap¬plicable to companies that fulfill any of the following criteria during the immediately preceding financial year: 2. The CSR Rules have widened the ambit for compliance obligations to include the

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