Paper 6 Laws and Ethics | CMA Intermediate Match the following

 

CMA INTERMEDIATE EXAMINATION

Paper 6 Laws and Ethics




Paper 6 Laws and Ethics Match the following with answers

Sufficient to give the corresponding item in column 3 for column 1; reproducing columns 2 and 4 are not required

A. Match the following

 

Column-I

 

Column-II

1.

Occupier.

(A)

P purchases goods from S. he has no intention of paying for it.

2.

Section 92 of the Companies Act, 2013.

(B)

Annual Return.

3.

Meta ethics.

(C)

Person having ultimate control.

4.

Fraud.

(D)

Control of at least 20 per cent of total share capital.

5.

Significant influence.

(E)

Nature of moral judgement.

Answer:

 

Column-I

 

Column-II

1.

Occupier.

(C)

Person having ultimate control.

2.

Section 92 of the Companies Act, 2013.

(B)

Annual Return.

3.

Meta ethics.

(E)

Nature of moral judgement.

4.

Fraud.

(A)

P purchases goods from S. he has no intention of paying for it.

5.

Significant influence.

(D)

Control of at least 20 per cent of total share capital.



B. Match the following

 

Column-I

 

Column-II

1.

Legal Representative of the contractor.

(A)

Welfare measures taken in a factory.

2.

Where the seller makes a false representation and buyer relies on it.

(B)

Certificate of incorporation.

 

3.

Creches.

(C)

Extract of the annual return of a company.

4.

MGT-9.

(D)

Exception to the Doctrine of Caveat Emptor.

5.

Form No. INC-11.

(E)

He who is not the Principal Employer.

 Answer:

 

Column-I

 

Column-II

1.

Legal Representative of the contractor.

(E)

He who is not the Principal Employer.

2.

Where the seller makes a false representation and buyer relies on it.

(D)

Exception to the Doctrine of Caveat Emptor.

3.

Creches.

(A)

Welfare measures taken in a factory.

4.

MGT-9.

(C)

Extract of the annual return of a company.

5.

Form No. INC-11.

(B)

Certificate of incorporation.



C. Match the following

 

Column-I

 

Column-II

1.

Wagering contract.

(A)

Voting through electronics means.

2.

Coercion.

(B)

War, animal rights and capital punishment.

3.

Consensus ad-idem.

 

(C)

Committing any act forbidden by the Indian Penal Code.

4.

Section 108 of Companies Act, 2013.

(D)

Identity of minds.

5.

Applied ethics.

(E)

Promise to pay Rs. 1,000 if it rains today.

  Answer:

 

Column-I

 

Column-II

1.

Wagering contract.

(E)

Promise to pay Rs. 1,000 if it rains today.

2.

Coercion.

(C)

Committing any act forbidden by the Indian Penal Code.

3.

Consensus ad-idem.

(D)

Identity of minds.

4.

Section 108 of Companies Act, 2013.

(A)

Voting through electronics means.

5.

Applied ethics.

(B)

War, animal rights and capital punishment.

 


D. Match the following

 

Column-I

 

Column-II

1.

Hybrid between a company and a partnership.

(A)

Existence from the time of incorporation to winding up.

2.

Perpetual succession.

(B)

Powers of the controlling authority.

3.

Red herring prospectus.

(C)

Need for business ethics.

4.

Requiring the discovery and production of documents.

(D)

A limited liability partnership.

5.

Smooth functioning.

(E)

Does not include complete particulars of the quantum or price of securities.

 Answer:

 

Column-I

 

Column-II

1.

Hybrid between a company and a partnership.

(D)

A limited liability partnership.

2.

Perpetual succession.

(A)

Existence from the time of incorporation to winding up.

3.

Red herring prospectus.

(E)

Does not include complete particulars of the quantum or price of securities.

4.

Requiring the discovery and production of documents.

(B)

Powers of the controlling authority.

5.

Smooth functioning.

(C)

Need for business ethics.

 


E. Match the following

 

Column-I

 

Column-II

1.

Presentment

(A)

Determines acceptable conduct in business organization

2.

Form no. INC-23

(B)

Issue of global depository receipt

3.

Continuing guarantee

(C)

Bill of exchange

4.

Business ethics

(D)

Shifting of registered office within the same state

5.

Section 41 of the Companies Act

(E)

Guarantee which extends to a series of transactions

 Answer:

 

Column-I

 

Column-II

1.

Presentment

(C)

Bill of exchange

2.

Form no. INC-23

(D)

Shifting of registered office within the same state

3.

Continuing guarantee

(E)

Guarantee which extends to a series of transactions

4.

Business ethics

(A)

Determines acceptable conduct in business organization

5.

Section 41 of the Companies Act

(B)

Issue of global depository receipt