CS Executive ECL Important Questions | Economic and Commercial Laws

• List the transactions which require prior approval of RBI.

• Prohibition on drawl of foreign exchange for certain transactions.

• Limits on amount of foreign exchange facility for individual and other than individuals.

• Limits on amount of foreign exchange facility for other than individual.

• What is Liberalized Remittance Scheme (LRS)?

• Which are the classes of capital account transactions?

• Who can invest in India? which are the entities in which FDI is allowed?

• How the FCCB/DR can be issued outside India?

• What are the Provisions for FDI remittance reporting?

• Which are the FDI prohibited sectors.

• Direct Investments outside India with limits,

• Permission for purchase/acquisition of foreign securities.

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

• Export of goods and services outside India.

• Time limit for surrender of realised foreign exchange.

• Write short note on the following:
o Authorised person
o Compounding of Contraventions
o Directorate of Enforcement
o Appellate Tribunal

• State the general provisions regarding imports and exports.

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

• Write short note on
o Towns of Export Excellence (TEE)
o Board of Trade

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

• What do you mean by Offshore Banking Unit?

• Special Economic Zones are growth engines. Discuss.

• Write short note on
o Monopolistic trade practice
o Restrictive trade practices
o Unfair trade practices

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

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

• Which may be most commonly adopted ways in which collusive bidding or bid rigging?

• What is dominant position? What constitutes abuse of dominance?

• What is combination and its regulations?

• Write short note on:
o tie-in agreement;
o exclusive supply agreement;
o exclusive distribution agreement;
o refusal to deal;
o resale price maintenance
o Competition advocacy

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

• Power of Director General to regulate its procedure.

• Contract of Service and Contract for Service.

• Write a note on the following:
o Complaint and Complainant
o Deficiency in service
o Consumer

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

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

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

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

• Does a Patent obtained in India give protection worldwide? Is it possible to file international application under Patent Cooperation Treaty (PCT) in India?

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

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

• Write short note on the following:
o Invention and Inventive step.
o Patent agent.
o Deceptive Similarity
o Opposition of patent
o Restoration of lapsed patents

• Mention the cases that do not qualify to be called as inventions, within the meaning of the Patents Act, 1970?

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

• Elaborate the provisions relating to infringement of patent.

• Grounds for refusal to register trademark.

• Infringement of trademark.

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

• Who are the beneficiaries from a trade mark?

• Trademark is decided by the date of usage of the mark by a person in business transactions. Comment with decided case of Uniply Industries.

• Explain the ‘Assignment of a trade mark’ and ‘transmission of a trade mark’ under the Trade Marks Act, 1999.

• Who is author and what are the moral rights of an author?

• What is Assignment of copyright and Mode of assignment.

• Which are the common copyright infringements? Certain acts do not constitute infringement of copyright under Copyright Act, 1957. Discus

• Discuss in detail the Copyright Board.

• Elaborate the provisions relating to certain exception to infringement have been stipulated by the Copyright Act

• Compulsory licensing of copy rights.

• Can a registered geographical indication be assigned, transmitted, etc?

• How long the registration of Geographical Indication is valid?

• When is a registered Geographical Indication said to be infringement?

• What is the object of registration of Designs? and the effect of registration of design?

• What is piracy of a Design?

• What are the grounds to challenge the appointment of an Arbitrator and procedure under the Arbitration and Conciliation Act, 1996? Discuss.

• What are the grounds for setting aside of an arbitral award under the Arbitration and Conciliation Act, 1996?

• Differences between Arbitration and Conciliation

• Alternative dispute resolution (ADR)

• Explain considerations to be taken for contracts under Joint venture/foreign collaboration/multinational Agreement.

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

• The law does not compel the impossible, comment.

• How does a binding contract differ from other agreements?

• State ‘quasi contract’.

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

• What is the role of The Financial Action Task Force (FATF).

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

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

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

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

• Explain the Powers of Central Government to control production, supply and distribution etc., of essential commodities.

• State the seizure and confiscation of essential commodities under the Essential Commodities Act, 1955.

• 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.

• Explain Mens rea and culpable mental state with decided case, under Essential Commodities Act, 1955.

• Power of inspection, seizure

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

• Write short note on Counterfeit.

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

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

• Define Members and state their Rights and Liabilities. When members treated as strangers?

• Provisions for vesting of property of the Society

• Dissolution of Society and distribution of properties.

• How a trust is created and by whom it is created?

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

• Who is a beneficiary? What are his rights and liabilities?
• Write short notes on
o Extinction of a trust
o Revocation of a trust
o Doctrine of Cy Pres

• What do you mean by ’New Article’ under the Act?

• Role of Central Advisory Council and development council.

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

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

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

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

• Classification of enterprises under MSME

• Explain Memorandum of micro, small and medium enterprise.

• Measures for promotion, development and enhancement of competitiveness

• Delayed payments to micro and small enterprises.

• What do you mean by the day of acceptance and Day of deemed acceptance??

CS Executive ECL Important Questions :LAW RELATING TO POLLUTION CONTROL AND ENVIRONMENTAL PROTECTION

• Mention the powers of the central government to protect and improve the quality of environment under the Environment (Protection) Act, 1986.

• Write short notes on
o Carbon credit
o Environmental Audit

• Environmental clearance and location of industries.

• Briefly explain the objective of Environment Protection Act, 1986?

• Explain no fault liability and compulsory insurance.

• Explain Substantial question relating to environment.

• Enumerate the powers and functions of National Green Tribunal?

• List out the heads under which compensation or relief for damaged may be claimed under the National Green Tribunal Act.

• Explain the composition, powers and Functions of the State Board under Air Pollution Act.

• Briefly explain the objective of Air (Prevention and Control of Pollution) Act, 1981.

• Write short notes on
o Air Pollution
o State Air Laboratory
o Noise Pollution in Environment.

• Discuss briefly the restriction on new outlets and new discharges under the Water (Prevention and Control of Pollution) Act.

• What are the powers of State Boards in taking samples?

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

CS Executive ECL Important Questions : LAW RELATING TO REGISTRATION OF DOCUMENTS

• Documents whose registration is compulsory and optional.

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

• State the places where documents relating to immovable property may be presented for registration under the Registration Act, 1908.

• Effect of non-registration of documents required to be registered.