CMA Inter Corporate and Business Laws Important Questions

Key questions on Corporate and Business Laws for CMA Inter students

1. Company Law

a. Incorporation and Registration

1. What are the steps involved in incorporating a company?
2. Explain the concept of a Memorandum of Association.
3. What is the role of the Registrar of Companies?
4. What are the differences between public and private companies?
5. Explain the process of conversion of a private company into a public company.
6. What are the requirements for registration of a company?
7. Explain the concept of a certificate of incorporation.
8.  What are the consequences of non-registration?

b. Share Capital and Debentures

1. What are the types of share capital?
2. Explain the concept of dividends and their types.
3. What are debentures and their characteristics?
4. How are shares and debentures issued?
5. Explain the concept of sweat equity shares.
6. What are the differences between equity shares and preference shares?
7. Explain the concept of share transfer.
8. What are the rules governing share buyback?

c. Management and Administration

1. Who are the key managerial personnel in a company?
2. Explain the roles and responsibilities of directors.
3. What are the powers and duties of the Board of Directors?
4. How are meetings convened and conducted?
5. Explain the concept of corporate governance.
6. What are the responsibilities of the company secretary?
7. Explain the concept of managing director.
8. What are the rules governing a director remuneration?

2. Contract Law

a. Formation of Contract

1. Define the contract and explain its essential elements.
2. How is a contract formed?
3. What are the different types of contracts?
4. Explain the doctrine of privity of contract.
5. What are the exceptions to the doctrine of privity?
6. Explain the concept of offer and acceptance.
7. What are the rules governing contract formation?
8. Explain the concept of consideration.

b. Capacity to Contract

1. Who is competent to contract?
2. Explain the concept of minority and its implications.
3. What are the effects of insanity on contract?
4. Explain the concept of fraudulent misrepresentation.
5. How does coercion affect a contract?
6. Explain the concept of undue influence.
7. What are the rules governing contract capacity?
8. Explain the concept of estoppels.

c. Performance and Breach

1. Explain the concept of the performance of a contract.
2. What are the modes of discharge of a contract?
3. Explain the concept of breach of contract.
4. What are the remedies for breach of contract?
5. Explain the concept of damages and its types.
6. What are the rules governing contract termination?
7. Explain the concept of frustration.
8. What are the implications of force majeure?

3. Intellectual Property Rights

a. Patents and Designs

1. Define a patent and explain its characteristics.
2. How is a patent granted?
3. Explain the concept of design and its registration.
4. What are the differences between patents and designs?
5. Explain the concept of novelty and non-obviousness.
6. What are the requirements for patentability?
7. Explain the concept of patent infringement.
8. What are the remedies for patent infringement?

b. Trademarks and Copyrights

1. Define a trademark and explain its characteristics.
2. How is a trademark registered?
3. Explain the concept of copyright and its types.
4. What are the differences between trademarks and copyrights?
5. Explain the concept of passing off.
6. What are the requirements for trademark registration?
7. Explain the concept of trademark infringement.
8. What are the remedies for copyright infringement?

c. Intellectual Property Rights in the Digital Era

1. Explain the concept of e-commerce and intellectual property.
2. How are intellectual property rights protected online?
3. Explain the concept of cybersquatting.
4. What are the implications of digital piracy?
5. Explain the concept of open-source licensing.
6. What are the rules governing online intellectual property?
7. Explain the concept of digital rights management.
8. What are the implications of artificial intelligence on intellectual property?

4. Emerging Business Laws

a. Competition Law

1. Explain the concept of competition law.
2. How does the Competition Act regulate mergers and acquisitions?
3. Explain the concept of anti-competitive agreements.
4. What are the penalties for contravention of competition law?
5. Explain the role of the Competition Commission.
6. What are the rules governing market dominance?
7. Explain the concept of cartelization.
8. What are the implications of competition law on business?

b. Consumer Protection

1. Explain the concept of consumer protection.
2. How does the Consumer Protection Act regulate consumer rights?
3. Explain the concept of product liability.
4. What remedies are available to consumers?
5. Explain the role of consumer courts.
6. What are the rules governing consumer complaints?
7. Explain the concept of consumer welfare.