Economic and Labour Laws Question Paper
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i Contents of complete specification v i Principal display panel. vi
3 marks each 2 .
State, giving reasons in brief, whether the following statements are true or false. Attempt any five In case an EOU fails to achieve its export obligations, it shall be liable to pay i penalty at the time of exit. i A person resident outside India can sell the shares and convertible debentures of i an Indian company to whomsoever he wants. i Goods means every kind of movable property other than actionable claims and ii includes stock and shares even before allotment. v Tea is a food stuff and hence constitutes an essential commodity under the Essential i Commodities Act, 1955. An association pursuing a definite cultural, economic, educational, religious or v social programme can receive foreign contribution without any limits. i The provisions contained in the Special Economic Zones Act, 2005 shall have v effect not withstanding anything inconsistent therewith contained in any other law for the time being in force.
3 marks each 1 2009 ELL NS
P. T. O.
265 3 .
Distinguish between any two of the following a Seizure and confiscation under the Essential Commodities Act, 1955. i i COB licence and industrial licence . i i Invention and patentable invention under the Patents Act, 1970. ii