Tiêu đề 4. PAPER-6 LAW AND ETHICS.pdf ✅

CA CMA NOTES COMMUNITY JOIN OUR ALL GROUPS AND COMMUNITY FOR LATEST NOTES AND OTHER IMPORTANT UPDATES TELEGRAM WHATSAPP INSTAGRAM CLICK HERE CLICK HERE CLICK HERE ❖ JOIN OUR COMMUNITY FOR MORE SUCH CONTENT https://whatsapp.com/channel/0029Va4roMZ7tkjGvPnIhe1x ***ALL SUGGESTED ANSWERS AND BITS HAVE BEEN DOWNLOADED FROM OFFICIAL WEBSITE OF ICMAI*** (SUGGESTED ANSWERS - https://icmai.in/studentswebsite/exam_suggestedanswers.php) (BITS - https://icmai.in/studentswebsite/mcq_inter.php ) ***WE ARE HELPING ALL THE CMA STUDENTS BY GETTING ALL THE PAST PAPERS AT ONE PLACE.*** ALL THANKS TO ICMAI FOR UPLOADING THIS SUGGESTED ANSWERS AND BITS
Suggested Answer_ Syllabus 2016_Jun2017_Paper 6 Academics Department, The Institute of Cost Accountants of India (Statutory Body under an Act of Parliament) Page 1 INTERMEDIATE EXAMINATION GROUP - I (SYLLABUS 2016) SUGGESTED ANSWERS TO QUESTIONS JUNE - 2017 Paper - 6: LAWS & ETHICS Time Allowed: 3 Hours Full Marks: 100 The figures in the margin on the right side indicate full marks. This question paper has two sections. Both the sections are to be answered subject to instructions given against each. Section - A 1. Answer all questions: 25 (a) Multiple choice questions: 10 (i) The term 'sub-agent' in the business of agency is defined as a person employed by, and acting under the control of the (A) Principal (B) Original agent (C) Lawyer (D) Third person (ii) The first endorsement of an instrument can be made by the (A) Banker (B) Payee (C) Holder in due course (D) Agent (iii) Which of the following is not the mode of dissolution of a firm under voluntary dissolution? (A) Dissolution by agreement (B) Dissolution on the happenings of certain contingencies (C) Dissolution on becoming a partner of unsound mind (D) Compulsory dissolution (iv) White wash or color wash should be carried out at least once in every period of (A) 14 months (B) 24 months
Suggested Answer_ Syllabus 2016_Jun2017_Paper 6 Academics Department, The Institute of Cost Accountants of India (Statutory Body under an Act of Parliament) Page 2 (C) 48 months (D) 60 months (v) The term 'family' as defined in ESI Act, 1948 does not include (A) a spouse (B) a minor adopted child (C) a dependent unmarried daughter (D) an independent married sister (vi) Which one of the following amounts to safety measure? (A) Artificial humidification (B) Ventilation (C) Fencing of factory (D) First aid appliances (vii) If a company does not have a common seal, the share certificate shall be signed by (A) Two Directors (B) One Director and Company Secretary (C) Two Directors and Company Secretary (D) Company Secretary (viii)In case of e-voting, notice shall be sent as attachment in (A) PDF file (B) Word file (C) Excel file (D) Access file (ix) A Director may be elected by small shareholders upon a notice by (A) not less than 1000 small shareholders. (B) one tenth of the total number of shareholders. (C) not less than 1000 small shareholders or one tenth of such shareholders, whichever is lower. (D) one tenth of 1000 small shareholders. (x) Meta ethics deal with the nature of ___________ . (A) external influences (B) moral judgement (C) material facts (D) animal rights (b) Fill in the blanks: 5 (i) Misrepresentation must relate to some fact which is material to the _____________. (ii) The LLP shall inform the concerned Registrar within ___________________ of the date of registration about the conversion and the particulars of LLP. (iii) The term of office of a member of the standing committee, constituted under ESI Act,
Suggested Answer_ Syllabus 2016_Jun2017_Paper 6 Academics Department, The Institute of Cost Accountants of India (Statutory Body under an Act of Parliament) Page 3 shall be two years from the date on which his election is ____________ . (iv) The registered office shall be opened within 15 days from the date of ________ of the company. (v) A company shall send copy of each of the document such as memorandum etc., to a member within ________ days of the request made by him. (c) True or False: 5 (i) In an agreement to sale, the buyer is entitled to recover the same from the official liquidator in case of insolvency of the seller. (ii) The term 'employed person' includes the legal representatives of a deceased employed person. (iii) Payment of Gratuity Act, 1972 applies to every shop and establishment employing seven or more persons. (iv) Any misstatement in the prospectus would attract the liability on the issuer. (v) Continuous improvement or kaizen is a popular theme. (d) Match and Pair: 5 Column I Column II 1. Presentment (A) Determines acceptable conduct in business organization 2. Form no. INC-23 (B) Issue of global depository receipt 3. Continuing guarantee (C) Bill of exchange 4. Business ethics (D) Shifting of registered office within the same state 5. Section 41 of the Companies Act (E) Guarantee which extends to a series of transactions Answer: 1. (a) (i) (b) (ii) (b) (iii) (c) (iv) (a) (v) (d) (vi) Correct Answer would be “fencing of machinery” (vii) (a) or (b) (viii) (a) (ix) (c) (x) (b) (b) (i) Contract (ii) 15 days (iii) Notified (iv) Incorporation (v) 7 days