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DRIVE
winter 2016
PROGRAM
BBA
SEMESTER
III
SUBJECT CODE & NAME
BBA 301 LEGAL AND REGULATORY FRAMEWORK

1. Discuss the major commercial and corporate laws prevailing in India.

[Commercial laws-5
Corporate laws-5]

Answer: Commercial laws

1. The Indian Contract Act, 1872: Most of the transactions in trade,
commerce and industry in India are based on contracts. The Indian
ContractAct, 1872 lays down the general principles relating to
formation,performance and enforceability of contracts and the rules
relating

2. Explain the essentials of a contract of sale. Discuss the rights of an

unpaid seller.
[Essentials of a contract of a sale-5
Rights of an unpaid seller-5]

Answer: Essentials of a Contract of Sale

i) Two parties: There must be two parties i.e., a buyer and a seller to
effect a contract of sale and they must be competent to contract.
ii) Goods: There must be some goods, the property which is to
betransferred, from the seller

3. Discuss the documents that are to be submitted to the ROC along

with the application of for incorporation of a company
[List the documents-2
Explanation of two major detailed documents-4]

Answer: List of documents

1. Memorandum of Association
2. Articles of Association
3.

4. Differentiate Competition Act 2002 and MRTP act 1969. Discuss the
salient features of Competition Act.
[Differences-5
Features-5]

Answer: Differences
MRTP ACT, 1969 COMPETITION ACT, 2002
Based on the pre liberalisationScenario Based on the post
liberalisationScenario

5. Elaborate the important features of Trademark Act, 1999.

Answer: Trademarks
A trademark generally refers to a brand or logo. The Parliament

6. Explain the main objectives of Factories Act, 1948. Discuss the main
areas that are focused in this act.
[Objectives-2
Areas and the factors that influence-4*2=8]

Answer: The mainobjectives of the Act are as follows:

To secure the safety of the person.
To secure health and protection of the persons from hazardousoccupation /
processes and equipment.
To ensure sound working conditions and welfare of the persons.
To protect the

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