BCOM103 CORPORATE LEGAL ENVIRONMENT

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BCOM103 CORPORATE LEGAL ENVIRONMENT
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Internal Assignment-BCOM103 CORPORATE LEGAL ENVIRONMENT

 

  1. Discuss the provisions of the Factories Act, 1948, regarding the health and safety of workers.

Ans: The Factories Act, 1948 is an important piece of legislation in India aimed at regulating the working conditions in factories to ensure the health, safety, and welfare of workers. The Act includes several provisions to safeguard workers’ health and safety.

Some key provisions are:-

1. Health Provisions:

  • Cleanliness (Section 11):

 

 

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  1. What are the Obstacles faced in MSME Sector?

Ans: The MSME (Micro, Small, and Medium Enterprises) sector faces several obstacles that can hinder its growth and sustainability.

These challenges include:-

  1. Access to Finance: MSMEs often struggle to obtain financing due to lack of collateral, limited credit history, or high-interest rates. Traditional lending institutions may be

 

 

 

  1. Write the advantages and disadvantages of registration of a partnership firm.

Ans: Advantages of Registration of a Partnership Firm:

  1. Legal Recognition: Registration provides legal recognition to the partnership firm, which can help in resolving disputes in a court of law and increase the firm’s credibility.
  2. Improved Business

 

  1. Discuss the different provisions laid down in District Forum, State Commission and National Commission.

Ans: The Consumer Protection Act, 2019 in India provides a mechanism for the redressal of consumer grievances through the establishment of three levels of forums or commissions:

District Forum, State Commission, and National Commission. These forums are empowered to address consumer complaints and disputes, and each level has specific provisions related to their jurisdiction,

 

  1. Analyse the statement that “all contracts are agreements, but not all agreements are contracts.” In your discussion, explain the essential elements that differentiate a legally enforceable contract from a mere agreement.

Ans: The statement “All contracts are agreements, but not all agreements are contracts” highlights the distinction between an agreement and a contract in legal terms. While both involve mutual consent between parties, not all agreements have the legal enforceability required to be classified as contracts. To understand this distinction, it is important to analyze the key elements that

 

  1. Bring out the differences between Memorandum of Association and Articles of Association.

Ans: The Memorandum of Association and the Articles of Association are two fundamental documents that govern the operations and structure of a company. Both are essential for its incorporation, but they serve different purposes and contain distinct provisions.

Here are the key differences between the two:-

1. Definition:

  • Memorandum of

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