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IGP-CS ECL-PRACTICE PAPER CS SANJEEV SAPRA

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Important Topics & Practice Paper For

IGP Students Appearing In CS-EXE December-2017 Exams

1. Define/short note -

(a) Foreign Exchange

(b) Capital account and current account transactions

(c) Authorised Person

(d) Foreign Security

(e) Person of Indian origin

2. List the Current and Capital account transactions which require prior approval of RBI.

3. What is Liberalized Remittance Scheme (LRS)?

FDI

1. What is Objectives of FDI policy?

2. Who can invest in India? Which are the entities in which FDI is allowed?

3. Which are the FDI allowed and prohibited sectors.

4. Provisions of the Foreign Exchange Management Act, 1999, for a person resident in India, who

wishes to acquire foreign securities issued by a company incorporated outside India.

5. Discuss the Acquisition and Transfer of Immovable Property in India under FEMA?

6. Establishment in India of branch/liaison/project office and permitted activities.

7. Explain, export of goods and services outside India. With and without declaration.

8. What is time limit for surrender of realised foreign exchange.

9. Define Authorised person? Briefly discuss the powers of RBI to give directions to Authorised

persons?

10. Write short note on Compounding of Contraventions under FEMA.

ECONOMIC & COMMERCIAL LAWS

FEMA


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FOREIGN CONTRIBUTION (REGULATION) ACT, 2010

1. Write short note on

a. foreign contribution,

b. foreign hospitality

c. foreign source

d. organization of a political nature

2. State the persons, organizations can receive and are prohibited from recieving foreign contribution

from foreign source ?

3. Powers of the Central Government to prohibit receipt of foreign contribution under the Foreign

Contribution (Regulation) Act, 2010.

FOREIGN TRADE POLICY

1. What are the objectives of foreign trade policy?

2. State the general provisions regarding imports and exports.

3. Explain Importer-Exporter Code (IEC) Number and procedure for application for Grant of IEC

Number.


(a) Towns of Export Excellence (TEE)

(b) Board of Trade

SPECIAL ECONOMIC ZONES

1. Special Economic Zones are growth engines. Discuss. ? Who can set up SEZs?

2. What is the procedure for Setting up of Unit in SEZ.

3. What do you mean by Offshore Banking Unit?

4. Briefly discuss the duties, powers and functions of Board of Approval in respect of Special Economic

Zones.

5. Distinguish between Merchandise Exports from India Scheme (MEIS) and Service Exports from

India Scheme (SEIS).


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1. What is competition in the market? why do we need it?


(a) Monopolistic trade practice

(b) Unfair trade practices

(c) Dominant position

3. Define and discuss the Relevant Market, Relevant Geographic Market, and Relevant Product Market.

4. What is an anti-competitive agreement?

5. What do you mean by Cartel state the conditions that are conducive to cartelization.

6. What is combination and its regulations?


(a) tie-in agreement

(b) exclusive supply and distribution agreement

(c) Predatory pricing

(d) refusal to deal

(e) resale price maintenance

(f) Competition advocacy

8. What is composition and powers of Competition Commission to regulate its procedure.

9. What are the powers of Director General to regulate its procedure.

1. Which are the basic rights of consumers that are sought to be promoted and protected?

2. Explain Contract of Service and Contract for Service.

3. Write a note on the following:

(i) Complaint and Complainant

(ii) Defect in goods and Deficiency in service

(iii) Consumer

4. Explain consumer protection councils under the consumer Act in India.

COMPETITION ACT

CONSUMER PROTECTION ACT


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5. Explain the redressal machinery under the Consumer Protection Act and their jurisdictions.

6. What is Limitation Period for Filing of Complaint and appeal under the Consumer Protection Act.

7. What are the Nature and Scope of Remedies under the Consumer Protection Act?

1. Write note on

(a) Intellectual and Industrial property

(b) General Agreement on Trade In Services (GATS)

(c) World Intellectual Property Organization (WIPO)

(d) Trade Related Aspects of Intellectual Property Rights (TRIPS)

PATENTS

1. Which are not inventions or not patentable within the meaning of the Patent Act.

2. Does a Patent obtained in India give protection worldwide? Is it possible to file international

application under Patent Cooperation Treaty (PCT) in India?

3. Is it possible to file international application under Patent Cooperation Treaty (PCT) in India?

4. Discuss the provisions and terms of the Patents Act in relation to compulsory licenses.

5. Write short note on the following:

(i) Invention and Inventive step.

(ii) Patent agent.

(iii) Deceptive Similarity

(iv) Opposition of patent

(v) Restoration of lapsed patent

(vi) Infringement of Patent right

6. Discuss the grounds on which the registration of a patent can be refused?

TRADE MARK 1. Which are Prerequisites for a trade mark to be registered?

2. Which are the Grounds for refusal to register trademark.

3. Infringement of trademark.

4. State “Registered user” and “well known trade mark” under the Trade Marks Act, 1999.

INTELLECTUAL PROPERTY RIGHTS (IPR)


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5. Trademark is decided by the date of usage of the mark by a person in business transactions.

Comment with decided case of Uniply Industries.

6. Explain the 'Assignment of a trade mark' and 'transmission of a trade mark' under the Trade

Marks Act, 1999.

COPYRIGHT

1. Briefly explain the concept of copyright and author.

2. What is Assignment of copyright and Mode of assignment?

3. Which are the common copyright infringements? Certain acts do not constitute infringement of

copyright under Copyright Act, 1957. Discus

4. Discuss in detail the Copyright Board.

5. Discuss compulsory licensing of copy rights.

GEOGRAPHICAL INDICATION

1. What is meant by ‘geographical indication’ in relation to goods under the Geographical Indications

of Goods (Registration and Protection) Act, 1999? What are the benefits of registration under this

Act?

2. How a geographical indication is different from a trade mark?

3. Can a registered geographical indication be assigned, transmitted, etc?

DESIGN ACT

1. What is meant by ‘Design’ under the Designs Act, 2000?

2. What is the object of registration of Designs? and the effect of registration of design?

1. State form and contents of an arbitral award.

2. What do you mean by arbitration agreement?

3. What are the grounds to challenge the appointment of an Arbitrator and procedure under the

Arbitration and Conciliation Act, 1996? Discuss.

4. Explain arbitration proceedings and procedure.

ARBITRATION AND CONCILIATION ACT, 1996


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5. What are the grounds for setting aside of an arbitral award under the Arbitration and Conciliation

Act, 1996?

6. Write a note on

(a) Ad-hoc arbitration

(b) Institutional arbitration

(c) International commercial arbitration

(d) Conciliator and Conciliation proceedings

(e) Alternate dispute resolution system.

1. What do you mean by ‘Movable’ and ‘immovable property’ under the Transfer of Property Act,

1882.

2. Write short note on:

(a) Absolute Interest

(b) Reversion and Remainder

(c) Vested and Contingent Interest

(d) Transfer by ostensible owner or doctrine of holding out

(e) Doctrine of feeding the grant by estoppels

(f) Doctrine of part-performance

(g) Doctrine of Lis pendens.

(h) Spec succession

(i) Doctrine of election

3. What is the subject matter of transfer under the T.P. Act? Discuss properties which cannot be

transferred.

4. Write short notes on the Transfer for benefit of unborn person.

5. What is the rule against perpetuity?

6. State ‘Actionable claim’ under the Transfer of Property Act, 1882.

7. Discuss the various types of mortgages

8. What is difference between -

(a) Mortgage and charge

(b) Distinguish ‘English mortgage' and 'mortgage by conditional sale'.

1. Write short notes on

(a) Conveyance

(b) Instrument

TRANSFER OF PROPERTY ACT, 1882

LAW RELATING TO STAMPS


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(c) Bill of Exchange

(d) Denoting duty

(e) Bill of lading

(f) Promissory note

(g) E – stamping

2. State the instruments chargeable with duty and Time of stamping of instruments.

3. Are securities dealt in depository not liable to stamp Duty, comment.

4. Which are the people liable to pay duty?

5. Discuss, Instruments not duly stamped its admission, treatment and consequences.

6. What are the modes of cancellation of adhesive stamps?

1. A minor’s contract is void ab initio, yet he enjoys special status under the Indian Contract Act, 1872.

Explain.

2. Consideration is essential part for valid contract. Do you agree?

3. The essence of every agreement is that there ought be free consent on both the sides. Discuss.

4. The law does not compel the impossible, comment.

5. How does a binding contract differ from other agreements?

6. Write a note on -

(a) ‘Quasi contract’.

(b) Privity of contract

(c) Flaw in contracts

(d) Void agreements

(e) Quantum meriut

7. In what modes Contracts may be discharged or terminated?

8. Explain considerations to be taken for contracts under Joint venture/foreign

collaboration/multinational Agreement.

LAW RELATING TO CONTRACT


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1. Define the term money laundering and explain the process of money laundering.

2. Briefly explain the salient features of Prevention of Money Laundering Act.

3. What influence does money laundering have on society and economic development? Which are

various global initiatives have been taken on the prevention of money laundering and the enactment

of the Prevention of Money Laundering Act, 2002.

4. What is FATF? Discuss the objectives and functions of the Financial Action Task Force (FATF).

5. What are the obligation of Banking Companies, Financial Institutions and Intermediaries?

6. What are the objectives of KYC guidelines and when does KYC norms apply?

7. Explain Attachment, seizure and confiscation of property etc under PMLA.

1. Define essential commodity.

2. Explain the Powers of Central Government to control production, supply and distribution etc., of

essential commodities.

3. State the seizure and confiscation of essential commodities under the Essential Commodities Act,

1955.

4. A reasonable opportunity is required to be given to the person concerned before confiscation of his

commodities or vehicle, etc., under the Act. Elaborate this statement in the light of provisions of the

Act.

5. Explain Mens rea and culpable mental state with decided case, under Essential Commodities Act,

1955.

1. Meaning/Definition of Legal Metrology under the Legal Metrology Act, 2009.

2. Power of inspection, seizure under the Legal Metrology Act, 2009.

THE PREVENTION OF MONEY-LAUNDERING ACT, 2002

ESSENTIAL COMMODITIES ACT, 1955

THE LEGAL METEOROLOGY ACT, 2009


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3. State the provisions and declarations on pre-packaged commodities.

4. Write short note on Counterfeit.

5. Every non-standard weight and measure used in the course of trade is liable to be forfeited.

Comment.

6. What is meant by the International Organisation of Legal Metrology (OIML) certificate system for

measuring instruments?

1. Explain the Procedure for Registration of Society.

2. State the status of a society registered under Societies Registration Act, 1860

3. Define Members and state their Rights and Liabilities.

4. Provisions for vesting of property of the Society

5. State the circumstances under which a society registered under the Societies Registration Act, 1860

may sue a member of a society treating him as a ‘stranger’.

6. State the powers and duties of the Registrar of Societies under the Societies Registration Act, 1860

7. Dissolution of Society and distribution of properties.

8. State the provisions of the Societies Registration Act, 1860 relating to ‘suits by and against society’.

1. Define the term ‘trust’ under the Indian Trust Act, 1882. How does it differ from a contract? Explain

briefly.

2. What are essentials and certainties of trust.

3. How a trust is created and by whom it is created?

4. Write a short note on the doctrine of cypres relating to trusts.

5. Briefly discuss the provisions relating to rights and duties of trustees.

6. Who is a beneficiary? What are his rights and liabilities?


SOCIETIES REGISTRATION ACT, 1860

LAW RELATING TO TRUST


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(i) Extinction of a trust

(ii) Revocation of a trust

1. What are the objectives of Industrial Policy of the government?

2. Write short note on:

(a) Factory

(b) New article

(c) Industrial undertaking

(d) Carry on business license

(e) Industrial license

2. Role of Central Advisory Council and development council.

3. What is an industrial license? Under what circumstances an industrial license can be revoked?

4. What do you mean by the term “Substantial Expansion”? and License for Effecting Substantial

Expansion.

5. When can Central Government order Investigation into Industrial Undertakings?.

6. What are the ‘circumstances’ under which the Central Government can assume management and

control of an industrial undertaking, without investigation into circumstances or notice to the

management? Whether it violates the principle of natural justice? Comment with reference to a

leading case.

7. List out any five industries specified in First Schedule of the Act.

THE MICRO, SMALL AND MEDIUM ENTERPRISES

DEVELOPMENT ACT, 2006

1. The role of micro, small and medium enterprises (MSMEs) in the economic and social development

of the country.

2. Explain Memorandum of micro, small and medium enterprise.

3. Measures for promotion, development and enhancement of competitiveness

4. Delayed payments to micro and small enterprises.

5. What do you mean by the day of acceptance and ay of deemed acceptance??

INDUSTRIES DEVELOPMENTAND REGULATION ACT

(IDRA)


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1. Briefly explain the Concept of Sustainable Development.

2. Mention the powers of the central government to protect and improve the quality of environment

under the Environment (Protection) Act, 1986.


(a) Carbon credit

(b) Environmental Audit

4. Briefly explain the objective of Environment Protection Act, 1986?

5. What do you mean by Hazardous Substance under Environment (Protection) Act, 1986? Whether

Electricity is hazardous?

6. Explain no fault liability and compulsory insurance.

7. An enterprise which is engaged in hazardous or inherently dangerous activity and an industry which

poses a potential threat to the health and safety of the persons and of those residing in the

surrounding areas owes an absolute and non-delegatable duty to the community. Comment with

decided case in respect to no fault liability.

8. What National Green Tribunal? What is its composition?

9. Enumerate the powers and functions of National Green Tribunal?

10. Procedure and Powers of Tribunal.

11. Define the term ‘substantial question relating to environment’ under the National Green Tribunal

Act, 2010?

12. Briefly explain the constitution of State Air and Water Board.


(i) Air Pollution

(ii) Noise Pollution in Environment.

14. Discuss briefly the restriction on new outlets and new discharges under the Water (Prevention and

Control of Pollution) Act.

15. What are the powers of State Boards in taking samples under pollution laws ?

16. Prohibition on Use of Stream or Well for Disposal of Polluting Matter.

LAW RELATING TO POLLUTION CONTROL AND

ENVIRONMENTAL PROTECTION


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1. Documents whose registration is compulsory and optional.

2. State the time limit for presentation of documents for registration.

3. State the places where documents relating to immovable property may be presented for registration

under the Registration Act, 1908.

4. What do you understand by registration of documents? State the effect of non-registration of

documents required to be registered.

LAW RELATING TO REGISTRATION OF DOCUMENTS