Ch 11: SETTING UP OF BUSINESS OUTSIDE INDIA AND ISSUES RELATING THERETO — Previous Year Exam Questions (PYQ)

1(a): Structure and the processes of incorporation of business entities in UK

5 Marks

As per The Insolvency and Bankruptcy Code (Second Amendment) Act, 2020 explain the suspension of initiation of corporate insolvency resolution process of a corporate debtor. (5 marks each)

Unlock with Pro

1(b): Structure and the processes of incorporation of business entities in UK

5 Marks

Ambika is a young entrepreneur in Bikaner dealing in precious stones across all major cities in India. She has explored some opportunities abroad and wants to start business abroad. She approached you to advise whether she would be required to get herself registered with Director General of Foreign Trade (DGFT) for export, if yes, what are all documents required for such registration ? Advise her.

Unlock with Pro

2(a): Structure and the processes of incorporation of business entities in UK

5 Marks

Rajkumar is running a business of handicraft in Jaipur. He has explored some opportunities for handicraft products abroad and he wants to encash the huge demand outside India for such products. He seeks your advice whether he would be required to get himself registered with Directorate General of Foreign Trade (DGFT) for exporting goods, if yes what are all the documents required for such registration ? And also enlighten him the features/benefits available from such Registration.

Unlock with Pro

2(b): Structure and the processes of incorporation of business entities in UK

5 Marks

Entrepreneurs are required to obtain Statutory Clearances relating to Pollution Control and Environment while setting up an Industrial Project. Central Pollution Control Board has specified list of industries requiring pollution license/certificate or consent. Ministry of Environment carries on the classification from highest to lowest Pollution Index and categorized the industries. Explain.

Unlock with Pro

3(a): Structure and the processes of incorporation of business entities in UK

5 Marks

What are the circumstances under which RBI may cancel the license granted to a banking company regulated under the Banking Regulation Act, 1949 ?

Unlock with Pro

3(b): Structure and the processes of incorporation of business entities in UK

5 Marks

NOTICE OF GENERAL MEETING: Section 101 of the Companies Act 2013 provides that company shall issue notice of General Meeting in writing to below mentioned persons at least 21 days before the actual date of the General Meeting: - every member of the company, legal representative of any deceased member or the assignee of an insolvent member; - the auditor or auditors of the company; and - every director of the company. Notice of a meeting shall specify the place, date, day and the hour of the meeting and shall contain a statement of the business to be transacted at such meeting.

Unlock with Pro