Maharaja Agrasen Institute of Management Studies
Affiliated to GGS IP University; Recognized u/s 2(f) of UGC
Recognized by Bar Council of India; ISO 9001: 2015 Certified Institution
Sector 22, Rohini, Delhi -110086, India; www.maims.ac.in
Department of Business Administration
Academic Year: 2024-25
Semester: 3rd
Assignment No.2
Course/ Subject Code: BBA 201 Subject Title: Business Law
Issue Date: October 30, 2024 Last Date of Submission: November 08, 2024
Note:
1. The student should attach proper cover page for each assignment clearly mentioning Student’s complete
Name, University Enrolment No., Program, Semester, Class, Section, Assignment Number, and Subject
Title. Format of Cover page is attached herewith.
2. Each assignment should be prepared by the student individually in his/her own handwriting.
3. A4 size ruled sheets should be used for writing the assignment.
4. Black or Blue pens should be used for writing the assignment.
5. Assignment pages should be serially numbered at the bottom of page.
6. The student should use examples and illustrations in support of the answers.
7. Do not use plastic folder for submission of assignment. Just staple properly all pages of an assignment.
8. The assignment must be uploaded with name of document as Students Name and Enrolment Number. For
Example: bhartichaudhary_04514701719
9. The scanned copy of the assignment must be uploaded on google classroom .
Maharaja Agrasen Institute of Management Studies
Affiliated to GGS IP University; Recognized u/s 2(f) of UGC
Recognized by Bar Council of India; ISO 9001: 2015 Certified Institution
Sector 22, Rohini, Delhi -110086, India; www.maims.ac.in
Questions CO No.
Q1: Write Short Notes on: COBBA201.4
a. Difference b/w Holder & Holder in due course
b.Difference between Bill of Exchange & Cheque
c. One Person Company
D. Characteristics of a Company
OR
Q1: “Define Company under Companies Act 2013. Also write the Salient
Features of the Companies Act 2013.
Q2“What are the contents of a Memorandum of Association? Describe these COBBA201.5
contents. How can a company alter its objects? Discuss Briefly.
OR
Q2. Explain clearly the meaning of 'lifting of corporate veil' in relation to a
company incorporated under the Companies Act, 2013. Examining the judicial
decisions, state whether 'corporate veil' can be lifted in the following cases : (a)
Where the corporate veil has been used for improper conduct; and (b) Where the
acts of a company are opposed to workmen ?
Q3. What do you understand by ‘Negotiable Instrument’? What are its COBBA201.6
essential characteristics? Mention the presumptions made in respect of a
negotiable instrument?
Or
Q3: a) X a major, and M, a minor, executed a promissory note in favour of P.
Examine with reference to the provisions of the Negotiable-Instruments Act,
the validity of the promissory note and whether it is binding on X and M.
b) ‘X draws a cheque in favour of Y, a minor, Y endorses the same in favour of
Z. The cheque is dishonoured by the bank on grounds of inadequate funds.
What legal remedy is available to Z under the provisions of the Negotiable
Instruments Act, 1881
