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GM06- AIMS 2014

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GM06
Business Law and Corporate Governance
Assignment II
Assignment code: 2014GM06B2                             Last Date of Submission : 15th November 2014
                                      Maximum Marks: 100
Attempt all the questions. All the questions are compulsory and carry equal marks.
Section A
1.         (a)        Define negotiable instrument? Draw the specimen of three important
                         Negotiable  Instruments.
            (b)        What is meant by dishonor by non-acceptance or dishonor by non-payment?
            (c )       What are the penalties prescribed in the Negotiable instrument Act in case of                             dishonor of a cheque for insufficiency of funds in the account of the person                                   issuing the cheque?
2.         (a)        Classify the companies on the basis  of liability,On the basis of number of                                                 members and on the basis of control.
            (b)        Define “Prospectus “. When a company not required to issue a prospectus? Also                           explain the liabilities for mis-statement in the prospectus?
3.         What  do you mean by Winding up of a company? What are the different modes of          winding up.
4.         (a)        Define Stakeholders theory applied in Corporate Governess  And  mention                                    features of Sarbanes  Oxley Act 2002.
            (b)        Explain the Satyam case as a failure of corporate governance system and                                                 compare it with Enron case of USA .
Section B
Case Study
                                                                                                                                                        
Mr. Wall, as the secretary of East Holyford Mining Co, signed a letter to its Bank, forwarding a resolution of the board of directors. The resolution named three directors, and instructed the bank to pay cheque signed by any two of them and countersigned by the secretary. Specimen signatures were attached. The instructions were entirely in accordance with the company’s memorandum of article. However there had never been any proper  appointment of directors or a secretary by the company. Those who had formed the company had assumed these roles .Following the letter,the bank had honoured the  cheques in accordance with the instruction contained in  the letter.
 Please answer the questions  below-
   (a)     Whether the company was bound by the cheques?
   (b)     Whether the  bank be bound in exercise of ordinary care and precaution,to know             whether or not that company is actually carrying on transacting business or not.
   (c)     In the light of this case explain the benefit of the doctrine of indoor management.
   (d)     Who will be  asked to compensate the loss of the Bank

Dear Students,

AIMS MBA 2014-15 Assignments are available. For Booking ,

Kindly mail us on kvsude@gmail.com OR call us to +91 9995105420 or S M S your “ Email ID ” us in the following Format

“ On +91 9995105420 we will reach back you with in 24H ”

 

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