This document contains a request for students to send their semester details and specialization to receive fully solved assignments via email. It then provides details of an assignment, including the subject code and name, semester, student ID, credits, and marks. The assignment contains 6 questions related to commercial and corporate laws in India, contracts of sale, documents required for company incorporation, competition laws, intellectual property rights, and the Factories Act of 1948. Students are asked to answer all questions, with responses to 10-mark questions being approximately 400 words.

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ASSIGNMENT
DRIVE FALL
PROGRAM
SUBJECT CODE & NAME
SEMESTER
BK ID
CREDITS
MARKS
2013
BBA
BBA 301 - LEGALAND REGULATORY FRAMEWORK
3
B1595
4
60
Note: Answer all questions. Kindly note that answers for 10 marks questions should be
approximately of 400 words. Each question is followed by evaluation scheme.
Q.1 Discuss the major commercial and corporate laws prevailing in India.
Ans : Corporate Laws: Various Corporate laws are laws are:1. The Companies Act 1956:The Companies Act 1956 is an Act of the Parliament of India, enacted in 1956, which enabled
companies to be formed by registration, and set out the responsibilities of companies, their
directors and secretaries. The Companies Act 1956 is administered by the Government of India
through the Ministry of Corporate Affairs and the Offices of Registrar of Companies, Official
Liquidators, Public Trustee, Company Law Board, Director of Inspection, etc. The Registrar of
Companies (ROC) handles incorporation of new companies and the administration of running
companies.
2. The Foreign Exchange Management Act (FEMA) 1999:The Foreign Exchange Management Act (FEMA) is a 1999 Indian law "to consolidate and amend the
law relating to foreign
Q. 2 Explain the essentials of a contract of sale. Discuss the rights of an unpaid seller.
Ans : Contract of sale:Section 4(1) of the Sale of Goods Act defines a contract of sale of goods as - "a contract whereby the
seller transfers or agrees to transfer the property in goods to the buyer for a price."
This definition reveals the following essential characteristics of contract of sale of goods :

2. 1. Two parties:
Q. 3. Discuss the documents that are to be submitted to the ROC along with the application of for
incorporation of a company
Ans : 1.During the registration process, all the documents are submitted to the ROC online through
www.mca.gov.in. These forms need to be authenticated by signing it using a Digital Signature
Certificate issued by the Certifying Authority in India. One of the promoters and directors should
have a digital signature certificate to authenticate documents that are submitted to the ROC.
Identify the location and authorised capital of the company
2.It is important to have a proper address for the
Q.4 Differentiate Competition Act 2002 and MRTP act 1969. Discuss the salient features of
Competition Act.
Ans : Differences:
Following are the important differences between the MRTP Act, 1969 and Competition Act, 2002:
1) MRTP Act is based on the pre-liberalization scenario whereas Competition Act is based on the
post liberalization scenario.
2) MRTP Act emphasizes on curbing monopolies whereas Competition Act emphasizes on promoting
competition.
3) MRTP Act provides for compulsory
Q. 5 Explain the key elements of IPRs. Differentiate between trademarks and copy right.
Ans : Elements of IPRs:
Basically trademarks and copyrights are key elements of IPRs. That are explained as below:1.Trademarks:
Trademarks are distinctive indicators or signs that individuals, businesses, or other legal entities use.
They use these indicators or signs to communicate that services or products to consumers that are
connected to the trademarks stem from a
Q.6 Explain the main objectives of Factories Act, 1948. Discuss the main areas that are focused in
this act.
Ans : Objectives of Factory act:
The main objectives of factory act were to ensure certain points about the workers. This act
was brought due to the properly implementing the laws of workers. Its main objectives
were:-

3. To ensure proper safety of workers
To make sure that proper medical facility is provided to customers in case of emergency
every factory adequate and suitable facilities for washing should be provided and
maintained for the use of workers.
If the provisions of The Factories Act, 1948, or any rules made under the Act, or any order
given in writing under the Act is violated, it is treated as an offence.
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