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1. Dear students get fully solved assignments
Send your semester & Specialization name to our mail id :
“ help.mbaassignments@gmail.com ”
or
Call us at : 08263069601
(Prefer mailing. Call in emergency )
INDIAN SCHOOL OF BUSINESS
MANAGEMENT & ADMINISTRATION
AN ISO 9001 : 2008 CERTIFIED INSTITUTION
SUBJECT:- Corporate Law
MARKS :80
Course : BMS (Bachelors In Management Studies)
Name :
Answer the question in one line.
Q1. Discuss tangible and intangible propebly. (10 marks)
Answer:Tangible means that you can take hold of it; such as furniture, automobiles, clothing,
tableware, and so on. Intangible meas that you can't take hold of it; such property includes stocks,
bonds, and other assets where your ownership is shown by paper records as opposed to actual
possessionof aphysical thing. Inotherwords,Tangible property is simply assets that you can touch
ie cars, buildings,land,paintings,machineryetc.Intangiblepropertyissimplyassetsthatdon't exist,
but may have a value to you and, essentially somebody else, ie patents, trademarks, copyright,
goodwill etc.
If you've been left one type of asset in an estate, obviously the value of the assets becomes
important in dividing the estate
Q2. Explain concept of possession (10 marks)
Answer:In law, the acquisition of either a considerable degree of physical control over a physical
thing,such as land or chattel, or the legal right to control intangible property, such as a credit-with
the definite intention of ownership. With respect to land and chattel, possession may well have
startedas a physical fact,but possessiontodayisoftenanabstraction.A servantoran employee,for
instance,mayhave custodyof an object,buthe doesnothave possession; his employer does, even
though he may be thousands of miles from the object he owns. Furthermore, except in the most
abstract way, it is not possible to speak of the possession of intangible property.

2. Law
 Poweror control oversomething:possessionof afirearm.
 Occupationor control of a piece of property,withorwithoutownership.
 A rightof occupationanduse:The tenanthaspossessionof the apartmentuntil the endof
the lease.
Q3. Explain concept need not be in writing. (10 marks)
Answer: Repeating key terms and phrases brings continuity to your writing. This practice also
highlights important aspects of your argument for your reader. That being said, you must make
consciouschoicesaboutwhatto repeat.Toomuch repetitionis boring. Using the exact same words
within the same paragraph or the same phrase multiple times can make you appear to have a
limited vocabulary, in addition to making your paper arduous or tedious to read. Essentially, you
should repeat yourself, but with a difference!
One way toavoidappearingoverlyrepetitive istoconsulta thesaurus and use synonyms. However,
when using synonyms, you should make
Q4. Differentiate between offer and invitation to offer (10 marks)
Answer:A contract is an agreement between the contractor and the client which is binding in law.
Clients define the project objectives, schedule and the budget. Contractors are hired by the client
and are responsible to carry out the work, under the terms and subject to the deadlines, quality of
the work and stay within the budget. Offer and acceptance must be present for a contract to be
formed. Both parties are intended to create a legal relations and the negotiation between both
parties are generally take place before an agreement becomes binding and a contract is formed.
Q5. Is it safe to go in for oral contracts? (10 marks)
Answer:Believe itornot,the old-fashioned"handshake"beganasa means for two people to assure
one another that neither was carrying a weapon. Over the years, this simple gesture has evolved
into a contractual symbol—or a guarantee—for an oral agreement. But in an era of phone-book
sized contracts, fine print and legal battles, does time-honored handshake deal still carry any
weight?
The answer is yes—as long as you can prove it in court. It's interesting to note that many powerful
people have engagedinhandshake deals,fromBill ClintonandNewtGingrichtoBill Gatesand Steve
Jobs.But more than likely,these handshake dealswere followedbylarge contractsthat outlinedkey
deal points and terms. If you are the type of
Q6. What is FEMA? (10 marks)

3. Answer:The ForeignExchange ManagementAct,1999 (FEMA) isan Act of the Parliamentof India"to
consolidate and amend the law relating to foreign exchange with the objective of facilitating
external trade and payments and for promoting the orderly development and maintenance of
foreign exchange market in India". It was passed in the winter session of Parliament in 1999,
replacing the Foreign Exchange Regulation Act (FERA). This act makes offences related to foreign
exchange civil offenses. It extends to the whole of India., replacing FERA, which had become
incompatible with the pro-
Q7. What are powers of the authorized person (10 marks)
Answer:Anauthorisedpersonanda registered person must comply with the Regulationsand Rules
applicable to them and must provide to the Authority without delay anyinformation, records or
documents that the Authority may require for the purposeof administration of the Capital Market
Law and its Implementing Regulations.
The governing body and employees of an authorised person and a registeredperson, must comply
with any requirement issued by the Authority to appear toexplain any matter or to assist in any
enquiryrelatingtothe administration of theCapital Market Law and its Implementing Regulations.
Q8. What are powers of RBI to inspect authorized person (10 marks)
Answer:Anauthorisedpersonthatproposestocease to carry on securities business mustnotify the
Authority in writing of the date on which it intends to cease to carrysecurities business and the
reasons for the decision:
1. At least 45 days in advance of that date; or
2. If such advance notice isnot possible because cessationof business is caused byan external
eventof which the authorised person was not aware, immediatelyon making a decision to
cease to carry on securities
Dear students get fully solved assignments
Send your semester & Specialization name to our mail id :
“ help.mbaassignments@gmail.com ”
or
Call us at : 08263069601
(Prefer mailing. Call in emergency )