Monday, November 30, 2009

Companies Act_Practical Problems_91

Articles of association of a company reserved the powers for calling the annual general meeting. The managing director of the company, without reference to the Board, called an annual general meeting. Is the annual general meeting validly called ? If not, what should be done to make it valid ?

Companies Act_Practical Problems_90

A whole-time director of a company made an invention during the course of his employment with the company. He patented the invention in his own name and appropriated the benefits to himself. Can he do so ?

Wednesday, November 25, 2009

Companies Act_Practical Problems_89

The auditor of Trilok Ltd. did not report on the matters specified in sub-section (1A) of Section 227 of the companies Act, 1956, as he was satisfied that no comment is required. Advise.

Companies Act_Practical Problems_88

The auditors were requested by the management to accept the draft minutes of Board, since the minutes book has been misplaced. Comment

Tuesday, November 10, 2009

Cima_Business Law_Practical Problems_1

The door of a public toilet had a defective pay-lock. A lady found herself locked in. She tried to climb out, allowing her weight to rest on the toilet roll, which rotated. She fell and was injured. Is she liable to get damage from the local authority ? If so how much ?

The court in Sayers v. Harlow UDC (1958)(which described her plight as an ‘inconvenience’) held that her injuries were 75 per cent the fault of the local authority and 25 per cent her own fault. Damages were reduced accordingly.Here the lady is partly liable for her mistake and therefore rule of contributory damage will be applicable.

Sunday, November 01, 2009

Contract Act_Practical Problems_109

H, a captain in the army, was stationed in a house requisitioned by the Government. He accidently found a broach in a room occupied by him. He handed over the broach to the police, and they, failing in their attempts to discover the right owner delivered it to P, who was the owner of the house. P sold the jewel for Rs. 2,000. H sued for the recovery of the broach or its value on the ground that he was the finder. Will he succeed?