Taxmann's Drafting Pleadings & Appearances (Drafting/DPA)

Contents

Chapter-wise Marks Distribution Previous Exams Trend Analysis (June 2019 onwards) (New Syllabus) Chapter-wise Comparison with Study Material

PAGE

I-7 I-9

I-17

Chapter 1 Judicial and administrative framework

1.1

Chapter 2 General principles of drafting and relevant substantive rules

2.1

Chapter 3 Secretarial practice in drafting notice, agenda and minutes of company’s meetings resolution

3.1

Chapter 4 Drafting and conveyancing relating to various deeds and documents-I

4.1

Chapter 5 Drafting and conveyancing relating to various deeds and documents-II

5.1

Chapter 6 Drafting and conveyancing relating to various deeds and documents-III

6.1

Chapter 7 Drafting and conveyancing relating to various deeds and agreements-IV

7.1

I-5

3 4 . % 4 . / #

I-6

PAGE

Chapter 8 Drafting of agreements under the Companies Act

8.1

Chapter 9 Pleadings

9.1

Chapter 10 Art of writing opinions

10.1

Chapter 11 Appearances and art of advocacy

11.1

Chapter 12 Practical Exercise

12.1

Solved Paper : Dec. 2020 (New Syllabus)

P.1

Solved Paper : June 2021 (New Syllabus)

P.24

Solved Paper : Dec. 2021 (New Syllabus)

P.37

Solved Paper : June 2022 (New Syllabus)

P.49

CHAPTER

SH T T I N EW VD EE RD OI SO E V CA NN AE T S E MB UE V CA R I H C ET O HN T E OL DR T U EUE UOJ DCA THM C C I E AH C R T R WO N OYF CT R E ARD A FP N O U EEL CHL A NTF F AO D ML L OU RR OT O F NW R E OE PC C NEN OHE NTI G DI L !N OD YE EU BD Effect of force majeure

E L B A C I T C A R P S A N O O S S A D E M U S E R ED BN LE L A HN SA O TT C AE R M T N O OC CS EA HH T T FN O E EV CE NH AC MU RS OR F E R T E F 0A

SST S T NC C OA AI R YSO O T L I L P E I R T XU S OEI L HSA F RDR O A OE L 7F W O SP E R S I T F U EO GK AC T O O L BS AE S K I NT R OS I T S O N MO I MT C OI CT R LS I E V R I C E N YI T MN EA NR EA U CQ I L B C ST UC E I PM D EE O HD ' T IF FP O EO

Following are the events covered under force majeure:

S W O L L O F S A D E T F A R D S I E R U E J A M E C R O F F O E S U A L #

“If at any time during the continuance of this contract, the performance in whole or in part by either party or any obligation under this contract is prevented or delayed by reason of any war, hostility, acts of the public enemy, civil commotion, sabotage, fires, floods, explosions, epidemics,

4.1

TAXMANN®

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E H T F O E C N A M R O F R E P EE HG T A EM S UA FD E R R O RF Y OT I YI L AB L E A I DL G ON T I R YR T U R A C PN I AT U EO L T H I T T I N EW T DC L U A R OT WN O TC )

O N T MI Y DAA EDL L E R T I D O T F R N O E M IE EA C BC L N A LY L A NM HA R SE O F YVR T AE R HP A PT YN O RN RA E HPH T RC I E E U HS NT F SIO E T L N T L C EA E VH P ES S HRE COR N UT N I SC R FAE O RH T ENT COO E NCH EI STE R HTC R UTSN CENA CTIM A A ON GR NIAF O S OME R RG PE E 5T AP

DRAFTING AND CONVEYANCING RELATING TO VARIOUS DEEDS AND DOCUMENTS-I

IMPORTANT CLAUSES FOR DRAFTING CONTRACTS

Q1: Explain the following; Force majeure. (June 2019, 4 marks), (June 2011, 4 marks) Ans.:

Performance of the contract upon force majeure

FE SO C T N N NA EO R Y I T E SU V E CN T EO A XC R YEE AFH POT OEF T T O A ED L N B O EI AH I T L U ETC BME LOX L A RE HFE S G H RN T E IL L C S I A NT HEE CMS R A U M H PO C EC R U HD T P O RI L OR L E RE OPS D O NET EHT T VR N E EO HF M T E RC E T E R HEG T SA D E E E HX EE HD AT 7T

EI N MD OE ST A FL I U FP O I T ES R E E HB T O ES CL NA AL D L A U BO EH HS T D I RA OP EN CE I R E PB ES HA T H FI T O S TO N P EE MD YR AO PYT N FEE N O M EOE DME O T R S ME G A ENE R HA H 4E T

R EEE HCD T N EAN CRU NBE AMU R U BCD MNM UEU CHS NCE EUH S T RO OT D E ETD C GE U R J L A B C HU N CS I T REN OB I E R POM T E SE YI NE R AL G A A OS T E EH TH T C TR ET J AE B UHD STN U E E SE I C E R L N G YA B A T AR R TY E PSAB OUPM RMEU PSC C N IE E EI R HT PE R T A RH FP OT )

NEL HL AT E YOS T TO R ST E PDT OEN REE PDM E EE RL E TR GI TG R EA A L HE H ATT L L FA N O I RD TO R E A RT PL A A R AU O CP SI I T R R O DA C L PN O SAI EFE BOB D ONU L O T I O DT H ENS E ET R Y E T G R R AO A P YT T SA R A E PTY ONBE REYS T PM A R H EEEC P EO HR R T U GR FA PP )

R DU L P O SE EH BT O OT T Y DT ER EE R P G O AR YP T E R E H PT OO RT PG EN I HT T A L NE I R ES L T D I T E EE L D B AE L T T E N I KT O I RET A HC MTE P DS AE N SCI A US HDI ROH ORR DPO NSF EAE R VHS EDA HN H 4AC -

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4.2

quarantine restrictions, strikes, lockouts, power failure or acts of God (hereinafter referred to as events), provided notice of the happenings of any such event is given by either party to the other within 21 days from the date of occurrence thereof, neither party shall by reason of such events, be entitled to terminate this contract nor shall either party have any claim for damages against the other in respect of such non-performance or delay in performance, and performance of the contract shall be resumed as soon as practicable after such event has come to an end.”

AGREEMENT TO SELL AND PURCHASE

Q2: Comment on the following statements; Terms and conditions in the agreement to sell/purchase. (December 2018, 5 marks)

Ans.: important terms and conditions to be incorporated in an agreement to sell and purchase:

EE HT H T NF OO N RO OT I DU NC EE VX EE HE T H YT BG N EI L Y B A AL YE AD PS I EH BF LO L T A N HE SV EE T A E R H RT A N L I U D CI I AD T R PE A YE PE D ANE TOC A MN A T Y T S S E E E R V NN E RO T A N EC )

EET HTN A U FD I O C RDC OEA DET NRA EGH VAT EEN H HT O T T D OA E T Y N A EI OL T E T A A D R R S RE I A DD L I U E S CNE I OD T R C E A C F PO N A ATY N TU E A V TON S MO E AC R E E EH T CT N I NF YAO L AA N PB O LEI L T A U HHC STE RYX A E E P S E A O H HT T CS R D L I UA N 0F A

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T FA O NH OW I T N A I R T E S I M G A ES R E DH NT AR NA OE I B T U O CT EE XV EA FH O ES E S I R NT A ERE PAB XPL EEA L DHH NTS AHY T TO E S H OBT CFS EIN D HN O T I T RAR A O ED P BEO LER L D P A E HL E SA S I OSC HEE R HP 7T

T A D N A E T A R T A H W T A D N A M O H W Y B D N A E L B A Y A P SE I EM GI AT R F E O KT ON RI BO P YT NA AH FW ) E H G HN C I T I H H YT W BE EM T R U E OO HST WGF NL E I TO N R EDO MMD E UOC RF RU T S D NNO I I A R R T NF N AE I RE SR I OB SS D E TL I C T U A R O A NH PA I S ET G R HE ND T I I CH O N TV EMOT ER.N WO F E Y TR M L E E L BPA E E ORR TT E N T G A EEL A MEI R E EGBH R EAO T R Y E G L YK E AE L A L A NRR M !FE S D T E L A I T U L I R O N A PUW T N E M E E R G A N A G N I R A P E R P E L I H W D N I M N I T P E K E B D L U O H S G N I W O L L O &

E T I N I F E D E B D L U O H S D E S U S D R O W E H T D N A E L P M I S E B D L U O H S E GE AS UC I GE NR AP L ED HN 4A

D L U O H S v E L B A N O S A E R h v R E P O R P h S A H C U S SD NE OD I I S O S V E A R P XE EB E EL S B OI S OS L O FP O S EA S UR A EF HS 4A

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D E D N A H E B D L U O H S Y T R E P O R P E H T FR O E NS OA I H S C S R E U S S P OE PH NT EO HT WR O ED MN IE T V FE O H TT N I Y O B PR EE HV 4O

E EEC NBN OSA EYR T A L B WO I P L S A S M OL I LT PI MWA I E E R NC G AN S FE SEO I T SA NDI R VTE EI VEIP I RO LE G A ER VD T OEE A DNWE EEOD V(R HI T A L RGN U OSI OC DIT I T EEUR T T CA A A E P DDX NOE A UN H F S OC F I ) EH I T T I A Y F R I DW DAEM I U L H RT O A R VBE F E VE Y& L OT T FRA C EOPD F OE Y R ATH E E PDL T B SHI W I S DTS O E I N E MK DG DO A !E T

LC SDA I MEI S A RTRB F E E A T T R R EDAO H MR E T EO OBH N T ETI SR F E IM O I F T F RO E R E R A PEVN E O EHW I HTO S S T D I DL(M NU O O T I H U B SO C OT I T TF I N F SE C E I ET L TME PN N EEBSE E DM MR DN L UGU E AE RAO T RR EHA S G NHS EA I 4 L LC E A E I HN H ET R T OE R FPT A E O T UA A T E MND D S E I OEGM L A PEN EV RRI E UGH N PATRI T ESOGO HNNAN O T DEL I H NT L IA ET I D R F W ONDO F O S E L CESI E R M A E DDR T HNSE E 4AA TD

S A W T I

F O E S A T CA H ET HD T L E NH )

Ramchandra v. Chinnubhai AIR 1945 Mad. 10,

4.3

Q3: In light of judicial pronouncements, discuss the following; In a contract, if the material terms of the agreement are clear and specific, omission of minor or basic details will not invalidate the agreement. (June 2014, 4 marks) Ans.:

Omission of minor or basic details

“If the material terms of an agreement are clear and specific, omission of certain details, which can be worked out by consent of the parties or in its absence be settled by court will not invalidate the agreement.”

E E H H T T F D O E L YL L A U C *R FE O T F YA AI N DE DR RE E H H T E Hx D T E L Nx L A OO C D2 R E E T x T U F C A $ Ex N . I Xx ! E EO R E H 3 H x S K x I V T O !R A 2 NP E EE N x WO O TE E BH $ IT F H I O L N E I T H R $ S A R P W A R E HE . DH UT T 3O A

SS S R E I L E N H UE LV L A I HT C SE RP US CE S CR N OR G I YIS EES HHA T T ED RD N E VUA ELS C R E N E V HIT I D WN A T vA R N E NE S S AE A HER CMP R E OR US L PA LA h G DSE NT L AIS vMR R O ODT DAA NER S T EI S VW I h N R SE I NH M OT I OD S S TA E X S R ER PT O XNT EOU ECC E HEX HE 4T E R O M Y T R E P O R P E H T F O R E N W O E T U L O R SE BD AN DU NE R AE EH L O ) SE EL HU T D SE I RH OC D3 NE EH VT N EI HT T U O T E S Y L L U F WHEREAS

S I H G N I T F I H S S I E H S A Y T R E P O R P E H T L L E S O T S E H S I W R O D N E V E H T A I D N ) M O R F E S A B AND WHEREAS

TAXMANN®

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4.4

Q4: Aviksh is the owner of a flat No. 304, admeasuring 1500 sq.ft, in Poornaprajna Co-operative Housing Society Ltd. the ownership of the said flat is evidenced by Share Certificate No. PP37. Aviksh now proposes to sell this flat to Sudharshini for a total consideration of ` 45 lakh. It is agreed that ` 15 lakh would be paid as earnest money at the time of execution of agreement to sell and balance amount of ` 30 lakhs would be paid upon the execution of the deed of conveyance. Draft an agreement to sell based on the above facts. Assume other data, where necessary. (June 2018, 8 marks) Ans.: THIS AGREEMENT OF SALE

“vendor”)

“purchaser”)

RY E T R S O A H& CS R E UE PP EU H2 T D N A L L E S L L A H SF RO O DM NU ES VAS E ERC HF ON T A TYR A T B R HE T M P DO U ER C EP N R E G DL I AA L SSA I EM TH I O TR F EE S A E HR CF R S UC PA LL L E A V HI SF AND WHEREAS

E H T F O S EE L T C I T N A ER L B B AM T E U KC RN A E ML L AA M SO DR L F O HE E RR OF DS NI EY T VR E EP HO T R TP A HE T H T ST E A T A H T T S D RN OA DY NT ER VE P EO HR 4P NOW THIS AGREEMENT OF SALE WITNESSETH AS UNDER:

ET CI NM D AA MY RB O F E R R E E FP H O EO UD MD R UE O SH D AT N RE YO AFV E DYH E SN T I H O F T O E RMR T OS E DE H NN ERW VAT EP EF I E HO T C E OYR A T WE DY H I A BT D PS N SC AE A AT HL G NND RE E E E M L E S T W A E F I E O H& R CS N G R K UEAC PEEA HD EPT U H2 N FA 4 O

SE HC T N N E OS S ME E EH ET R HE T B L EL BA H LS L A HE SM I TT N E EH MT T EA EH R T G AD E EE HR T G FA O S I ET CI ND AN MA RF O OE F T R R N E E E PHM EE RT OA E F DR EEG A MH S ITI T H M EO T HR F 4F O

FN O O EC CE I R H PT F EO L A N S O I T EA CR NT AI S L A G E BR EF HO T E RM OI DT NE EH VT T EA HS T C OL A T Y YT R AI PH L4 L A S HE E SP RU E 2D S E A H E C D R E U C P N A E Y H E 4 V

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4.5

P O R P E H T F O N O I S S E S S O P T N A C A V R E V I L E D L L I W Ex HN TO A R HE T S SA E H EC R R G AU RP OE DH NT EO VT Y ET HR 4E -

R U P E H T F O R U O V A F N I D E E D E C N A Y E V N O C E H T E T U C E X E L L A H Sx R Ox DN NO ER E VS EA HH 4C -

E N R O B E B L L A H S D E E D E L A S E H T F O N O I T A R T S I G E R D N A N O I T U R CE ES XA EH C FR O U TP S OE CH ET HY 4B

Y L L A U Q E D I A P E B L L A H S D N A S U O H T Y T F I & S E E P U 2 S E I FT O R EA GP AE R H E KT OH RT BO EB HY 4B `

EEE H HE T T RE OGT T A YSAY M I T H R R I T T E E V PFNI I OOY L E REL PTU D A F EDDO L HEL T AS H FT HY O SA SMRD DOEN ERSE F A ES T H DY N CI AR ED H L UT T I I N P T E EW EE H E HT L F4T T I I F LN T L SF A D I H EO RT EA L E VIDV W OE EO L T R DT I P NAT ACFP HOOA V YE LD L H N A A I T T HSU T SI U RHRO O CB DRSA E NSRR O EAF O VHT D C NN ER EE HU 4PMV -

E RDH E E T S V I A Y E HC A CE P R E URR PYO E T EN HO E L T YMBM A BTL U I N DSE N EEB A VNL ORL R RAA E PEHP PEST AHEN TTHE O RSC NE SYR SA AE I HDP YC T RNF R E UEO PPTE O NT I REH A PHT R ETIE HDWH T NOT OUST F T A OT E ER DS L T LOE I L T R E SATT H E R R N OSU I DRL IH NOA T EDFI VNNW EEOE HVDM E T NA HA FT S )

TR I E E H F R Y OB F LD L I A HA SP ES HH K TA N E, MN E EE ET R F G I A& S EE HE T P FU O 2 H C A E R B A S T I MF MO OT CN U RO E M S R A O HAD T CS N R E E UN V PR A E EE H HE T T HT O FT )

LDA L L IU A HAQ SPE RSN OH A DK NA R E EL S VNA EH EE HT C T R F I U T& P N S EE E H ME T EPO EUT R 2Y G A A E P H O T S L F A S O L E LG H A C HA A SM F EO TA R U D BYB D E AN RT E E SOS A T I M A D M I H T U CQ MS R I OEUL CNPF R O RA E OEH Y DET A NH YW ET VDBY ENMB HUIM T FHU E OS FR ) T

TAXMANN®

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RERYTRDL E E F C E E T CNOSO H N N B R A H H T NOSO A EF A R A T T ACT IR T C I MSCSUOOPNOET O A I L EEROECC L I RH E H A H C OTYPF A I HCTNR T X A F T T S RL T I R TM ERO P II E O S E H I T S NRA SENTET PDS N I O Y E ENODWDT A F T N F HUHOOER G R P A O D O T O E A N L I NAP O PEI TORF SV S R A T S C I O E SU T NS AA WE RREMG H I E R R O A R A T G T E H YF KPT I YD I T N L C N AE OB SIEOML A COAEOTECT EM L N N D G F YE DU SYO DR ASEB I RE T H EV N RS O R L O N T E K E O A T N F U FR I OBI R O SARSECT EE M T A V N C D EOASS I EICBN O O E G N CYR A NST LE L EC AL NT FB SO A ARYONDI M I O E HN YR UABT T I S R E O SA T N N NP T OT R T C O I A RDMI E N F A E T E CT E R R V F EEE N YMS T AE E HA EDV OT R EEVPRM O E T CI L A H RC HHH CR NNO EEEL E T O E O C HYDV T C I U YN CS T NF R B U T G OIIASMS R A HEH A NT CTNYO H N R F I R I RADYAENFOPCTT E F UPT MRRAS RUO N N E S A N F E DNE E Y EU HO OH FEV AS NQ EIV TO CE D A E S I D MRE NH EE TA IORCSOG R C N T C L I C EPL 'I L Y I EMU YL A P NOSBMFNNBH S R S AHIUEOEI O S T R P L P E H L F DSP TWC E R R A R T T I E A T AH AI E P C HONP F R NT FI A TEAHWSNI )

E B L L A H ST C RA E R HT T N O O EC HE T H TT N F EO ME EC EN R A G M AR EO HR F T E FP O C HF I CI AC EE R P BS R AO SF T T II MU MS OA CL E I YF T R O A T PD E YL T NI AT N FE )

FRF O EO E EDR CNE AUH L TT P N E NEC S WO I V OS R NF E KI S T TDN N S A E AI L C NI EE F HV F T U IS OG T SE I TT B S OIO PMT N EOE HHK T WA H T O GT E UY B OT L RR L HAA T PH S T E N HG ET N S FT I EOS BSO S P YE F ANO I MS E T EUA CBC R I T I O F O I E T ND R E YO C NB !AA G0 N0 I S UO O. (E SA T E C VI I T F I A T R R E PE O# E OR #A AH N3 J Y A R PB AD NE RC ON OE D 0I NV I E T S F I Q P SI H S R E GN NW I O R U SE H A ET S M D T EI DT N AI MO ID ,N U Y O T O .I E " TC A O L & 3 x x x S I H T R O .

x x x S I H T U O 3

x x x x S I T S A %

x x x S I T S E 7

F DO EE ER DE ST H I H S T DM R EE NT GE I S H ET VF AO HE C DN EA NT OP I T E N C EC MAS FE EO S R S ONE F EN A KI T SO E TW I T NG R I N A PDI EW EN O HO L L T IO T F N EE H MT EF VO OE BC AN E ES T E A R DP EE HH T T NN OI E M A .

Witness I

E M A . S R E H T A &

S S E R D D !

E M A .

E M A . S R E H T A &

S S E R D D !

E S A H C R U 0

E R U T A N G I 3

DOH NTC SU AE L S ET FR O U G O SA R Y E DR NNR A WAC L OE O NHT ETS EFE E WOR TRG E EA BN DWR E E O N D T L O EI U I T CHUA ETBR XNEE EE I HI D T SR S T EDN C AHNO R WAC T N DDA N ON R CA AO L L F EF SR R I O E A H STN SR AW T E C EO DN AL R E IO T U H N DT B O R NO CS OF GRI NETN C P I O U D O I L R L T I T E C U S VN U "E R DOS T C DT N NE O AGC

(June 2018, 4 marks)

Q5: Explain building contracts.

R O D N E 6

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4.6

SCHEDULE OF PROPERTY

IN WITNESS WHEREOF,

Witness II

BUILDING CONTRACT

Ans.:

F O G N SI NW OO I S L L I V O OF RE PH T EN HI T A T HN T I O WC ET CS NU AM DS RC T OA CR CT AN O NC I NH C WU A3 R D E B T S T UC M! T SC T A C R AT R N T O N O# CN A GI ND I N D ) L I E U H "T

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T TC C E AJ R B T N O OL CU AF W FA O C SLT T NE N OT ET I I N D A E ERS E R N G DO I NS C I LNE O A E I CR T F L N EUT F S C S WA E R AT ELN HEO T CC NN I E AH A T T T P N O OET CCS C TA E S I ULR T AA MS OP SP T F C OO AR E R PC T N N OAE T CSE EAP S HM E C HU O 4S C

S OE T S SS E E S C S O E R R DP L DA AI C I SD E U MJ AD NN LA L U S FE C ET I HO T EN T G A N T I S D YL U L R C A N EI L C S N DO L I U T OA HI C SN TU C AM R T M N OT OC N CL E GL S NAE I H B D C L I I N H U A "WC

L SA E P S I UC AN I L C U NM OG I T N E I L N P I A MT OB CO RR OO F F SY E T NL I I I L B EI S MN IO T P SS L I E A R T E S DL E NU OD I E T C H UC RS T T S NN OE CM NY I A A P T C N T T OL E U CA S TF T S I EM UD MRR E OP TF ) T C A R T N O C E H T F O E C N E S S E E H T S I E M I T S T C A R T N O C H C U S N )

Q6: Write a short note on del credere Agency. (December 2010, 2011 4 marks) OR

Explain the following; distinguishing feature of a contract of del credere agency. (December 2014, 4 marks)

Y T I L I B R AE I L Y EU HB T E !SH E K T E A Y ET T RB N T AEC D R A NR A T UUN GNO HOC I T T I E A WR H T YEF CNO NUE EMC GEN AR A SAM E R T NX R I O B ER F MNE OAP CRE YOU CFD N EOE GHH AWT E FEE O NT N EOA PSR YI A T TU SNG I E H GO 4A T

del credere

TAXMANN®

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Del credere agency

Commercial agency contract

F FEO O H E ETC S FA A O L C EP L EY D HT N T SA NEE I TT E A DL NPD AM E D HE SOT E C T I A T RST R U S O A T P E A E T B GMS T NA LS I A TNG U C EM AEL R H E T SC T N T I OYIF F CN YO EAND HPAE P T R FMME O O T OS CC I H G CRRE AOOR E P P N FII H O O SHT I S R R YE A E T R I N N O C T T AR P R R PAA O APP C C N EMMI HI RI RT S 4F FI

4.7

COMMERCIAL AGENCY CONTRACT

Comment on the following statements; how is a del credere agent different from other types of agents? (December 2017, 5 marks)

Ans.:

FN S O T C YEA CER NWT ETN GEO ABC D EE Y HT C T UN HCE GEG UXA OEL RT SA HC I T C AR SR R TE E DNM O A# M R O T E C ES HO S T A YPN R BU W DP O EE N T HK C UTE DRR O NF A OD S CE T N ET E R N I A G O A SP E D PN S S A E SA NT S I L N S A UEP BGC I A ST N UN I R OE I P D R A NS 6ER PE ED DA R NT I S W O L L O F S A E R A Y C N E G A F O T C A R T N O C A N I D E T A R O P R O C N I E B T S U M T A H T S T N E I D E R G N ) S I H D N I B O T Y L D E I L P M I R O Y L S S E R P X E R E H T I E N E V I G E B D L U O H S YL T A I R P OC I HN T I U R !P

R O N I M A E B D L U O C T N E G A N A R O N I M A E B T O N D L U O H S L A P I C N I R P E H T E L I H 7

T C A R T N O C Y C N E G A N A R O F Y R A S S E C E N T O N S I N O I T A R E D I S N O #

S A H L A P I C N I R P E H T S S E L N U E L B A I L S I L A P I C N I R P E H T T N Y T EI GR AO H ET HU T FA O S I SH T C D AE ED HE T E RC OX &E

Y R A S S E C E N S I T A H T L L A F O G N I O T DC EA HN T I OA T M SE DH NT EF T X O EG TN N I EO GD AE NH AT FO O T L YA T R I R E OA T HL T L U O AC ED HN 4A

S S E L N U E L B A N G I S S A T O N S I Y C N E G A F O T C A R T N O C E H T R E D N U S N O I T A G I L B O E H 4

T N E M N G I S S A H C U S S E T A T I S S E C E N S S E N I S U B E H T F O E R U T A N E H 4

I S U B E H T O T D R A G E R H T I W Y T I L A C O L E H T T NN I EE DM AN R G T I S FS O A EH GC AU S US T FI O M SR ME OP T S S S UE #N

Y C N E G A F O T C A R T N O C E H T Y B D E T T I M R E P Y L S S E R P X E S I T N E M N G I S S A H C U 3

% 24 ,%. %$% $%' 2! #

S ET LTE A N A HE HK T PT I A YGC BANSM E I EE N R T E PN H V I SAH I RC G HA E FUI C OGH I SEW R P NHS ! O T TC R I A T E OE A C HR U T T T MN RI SN T UAS O I R HC N T MA I NE UE EG I H R HY P T LT A OPM EST M HS E R T GIO S ON F SP SR IT I D E NPR N U OS OEP I G C S S E L CAL S R I E RS MPAE L L H HE E MC T S I H O OH OM CW T M SOO TI RH N F ETD W GNE AEH O G T EAI SS HRU T E N OHGO N S T T EL M I R O T R E E S A OP YI PH F D N I T E E C A S R S H I N E E T OI I E HR K( HW I 4P T L

2 / 4 . ! 2 ! 5 '

4 . % ' !

L YSA T U I N L H IT O B I I T DI S NND OAD PEA SE N E DA R N SE S E E MVV UEI SHG T S A E Y R EBO H T F C E NA R OR E I TH S N S I OT MCE ME( H OT S CF S OL O ET CS NN AA I MG RA OL AF GRA NEP I P I C G R D N R E I NR A L L HAP E CYSS SC IE I NHH H E FV ST O E O L I T NO F OSI Y SENI T A M R H ET EU R C DE R YO NS "F I Ans.:

TAXMANN®

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4.8

del credere

Q7: Examine and discuss the following; Ingredients of a contract of agency that must be specially incorporated in a contract. (June 2014, 4 marks)

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LDL LA A O CNC CI I NAh N HHHO C CCR T EEA N T T I E FFS R O E E O T R E N GGRE NOO NI AN G T HI N I D CA I XRRA U ETT S C RSA E OG R F F NU A SI Y DWNT NAAR ARMA HDEP R HE NDT I N O H J ANT I O S S S E E E I NI T H GT R R T I A S A F PE P O v ODES S T WLHN N A T TC O E FI EI S O M R N I E V E HEI HC ND E R EOT WT G FNA S O T EN W N L O EOEMI MHNPA T N O E L R EWOE S O O R VB R G NE EA !KP DL S I D A O R B A Y T R A P A D N A A I D T N NE ) NM I E H E T R I G WA YN T O R I A T PA R AO B NA EL L EO WC TN E G BI E NR OO I F T A S R OA BN AW L O L O N #K Foreign collaboration agreement

Collaboration agreements

Foreign collaboration in Indian Economy

TAXMANN®

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Y T R A P A D N A A I D N ) N I H T T N I WE M YE T E R R A G PA AN NO I ET EA WR TO E B BA L L TO N EC MN G EI EE R R G O AF NS OA I N T A W R OO BN AK L S L I O #D A O R B A

N G I E R O F A O T N I G N I R E T N E E L I H W D E W O L S L O W F O EL L BO OF T S DA EE R R I A U T QN EE R SM E E NE I R L E G DA I N U O GI TA T N R AO T R B OA PL L MO )C

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Investment:

YI N T R D A I PA NP AE I D B ND ) L NU AO YH BS DR I E A F PS N EA BR OT T Y DG EO EL R O G N AH TC N E UT OR MOS W AFO R EO L L HT O AF 4R OS BA AT S L L N O CE M NL GT A I E S R N OI F E E AR H OT T

S T N E M U C O D L A C I N H C E T E H T F O R E F S N A R T N O D R I H T E N /

N O I T C U D O R P L A I C R E M M O C F O T N E M E C N E M M O C E H T N O D R I H T E N /

Y B D E V O R P P A N E E B S A H T N E M E E R G A E H T R E T T N F E A M DN I A R PE V EO B' OL T A DT R RN I H E T # EE NH /T

4.9

COLLABORATION AGREEMENTS

Q8: Write note on the following; collaboration agreements. (June 2014, 4 marks) Ans.:

Q9: Mention important guidelines which are required to be followed while entering into a foreign collaboration agreement. (June 2013, 8 marks) (December 2013, 10 marks)

Ans.:

Lump sum payment:

L O C N G I E R O F A O T E L B A Y A P N O I T A R E D I S N O C F O M R OM F O AR SF I G YN T I L G A YN OA 2R R O T A R O B A L

Royalty:

TETTG H N N HE N EI GT I D YMME E EEE RBE CC ODR F EGNX E EV E AM DO AR E T O MPHMN P T O EAFC R R E SOFV A I EOE SDT T OAT EW N I O D ER A DH ME E EPH E T DN E T EH HOE R I 4MTR G AS OMEM PE FR R E O AFOLR R A SESF G T R E S O A PYAR T YNEA E E E Y T H EH T T EF EYT S F O V E EN O I V H F E I OT 4M F R I U T ORC A MF D IYOUE X AL LEDH O C MANRT U P A M OST L U O T S A R TTNI F I C C N R EE S T J E R S B R A UMIME F N SR MY E SE T OH HC R VT A G EONFI OE Y'I

YE AE MR G TA N N EO MT I NA RR E O VB OA L 'L O LC A R N T G N I EE T #R I OR EF E HA M 4F ON LO A D WO I ER NE EP R S RT OI F F NO ON I O T I A S CN I L E P T PX AE R NO AF RR E O DT I S NN OE CM

Y L N O D E W O L L A E R A S R O T A R OS BT E AA L L R O E CG NN GA I H E R C OX F E OG T N I SL E I A CV NE AR T T P I ME H ET 2F O S I S A B E H T N O

S Y B L T L AN A L E UL O T CM U N NR MG E I SE V A R O EO' BFA L E LHR L TN T I WGE N# GI D NU E I H S L T NC O ENT CIT I S L C E I E BT J UR B SAU HPS CDR UEE N SR V E FE O CW NO SO H MC S R I E E HG T T N LI EL S HA N 4NE EC EI WL B TU E L B3A V DR O EO R ET P R AP G R AOA

EH NS C OA I CCH OAW T NN DI I ETS P T WE N OC E L X L A EM E ESG BE N I L R LT A A R HNR D SUAE I TOGF C N I NC ELI L S E MA NP EOE S ET CE R I TL B R G AOSL L A PH A NX H OE I RS T OD ET A E R E ORAN R F BE O R AH E B L C A L T L O N L CNO O NOCC S GNNE O I GR I E I T I R T OCEN I R F R OU T OS F O .E E C R HE YT H N AET R E E NH S I A A WC T

Exports:

SE NH AT I F C O I N L HA CV EO T R FP O P A C T O E T T NC OE I J T B A R U E S NE UR MA E Y RE EH C4 I V D R E E E S R FG O A SE A MBI RTD E SN T U) E F HMO 4 K D EN T A U P" EE DV R EE BS E O2 T

TAXMANN®

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4.10

Duration of agreement:

Renewal or extension of agreement:

Remittances:

Sub-licensing:

Technicians:

T IN C AE F M EP T A O L UE QV EE DD AD RN OA F TH N C ER A ME ES EE R R G R AO EF HS T N A NI I C EI DN AH C ME ET BN A LI L A D HN S) NF OO I G S I N V I N OI RA 0R T R O F S E I T I L

Training:

S .T /I 3G .N )I $V NA EHS EAA I WS O TY T E AD BL E AR -R E E F H E YT R L FR U E *OT FSF O WA N YAI ALE R EE DT DA H RI R PA I NOS ORY EPA DPL AAA EMH T STE I RE E R DT N3 UH T DN EE 4 T V 2 A R OE ! P3 0 R % OT . CA / NE E I CH

Q10: Dinson Inc. a Malaysian food processing company intending to expand its business in India plans to form a joint venture with Himalaya Agro Pvt Ltd. a company incorporated under the Companies Act, 2013, engaged in the business of processing and marketing of food products. You are required to draft a specimen joint venture agreement for establishing the business with assumed data. (December 2015, 8 marks)

DINSON

I T # F .F F )O O

Ans.: THIS AGREEMNET

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4.11

T 2 TS C % !E ( S7 4 E / A I T N E T AU H PC T F ML OAO ## D EA HO T R2 E E DE NH UG N DI ER R W E O T S HS I G #A O $ E . R T Y D ! N TE R AAR PEE MCE F I OF R F #O R E ADT F $E A R 4E N ,T I SE 4I R 6G E 0E H R /S 2T I 'G !N !I 9V !A L ,H A ! G - N ) E ( " 4 2 ! 0

HIMALAYA AGRO

O T S D N E T N I D N A G N I S S E C O R P DE OR OE F H FW O E SS L S E E ND I N S UA BA I ND ON ) SN E I I R E R R A E CH .T /E 3K .R )A $M S T I D N E T X E WHEREAS

A DI ND AN ) GN NI I S E S R E E CH OT RE PK R FA O SM S S E T NI I D S N UE BT X NE OO T SS E I D R N R E A T CN I /D 2N 'A !S !T 9C !U ,D !O -R )P (D A OI OD F N F) O E D GI NS I T T U E KO RD A N MA AND WHEREAS

ND I A O ER T B A RA E PD N OA Y OI AN CD A NP O) T M N I O DS C NT EC E T UR N U DT I ON /R E 2P V D 'O T N !O I !F O 9G J N !I W ,T E !R N -O A P )X (E P U DDG NNN AAT I NT .I E /G S 3N Y I .L B A )E T $D I F E GN NE I B R L UA T U C T AU F U NM AR O MF AND WHEREAS

E L Y T S DT NC A!A T EST E MI U N C AA L NP A EM# HO D T A R#O E E2 DH E NTE URH E DD G EN N I MUR R W D OT O F H E,# BV T D0 L T U Y A ONE AI C WP F Y F NM/ AOD P#E R MNE AT OI S CS I YG KA E CL 2 OA T S -T S I TOG N D N I N I O V ) *F A !O H NOW THIS DEED WITNESSES AS FOLLOWS:

! R 9 O ! C , N ! I E B ) O ( T D YN NA A . P / M 3 . O ) C $ DN I A E S E EW HT T E FB O S LN A T O I I P T R AO #P EO R R A P HL 3A EU Q HE T NI N I GE NB I D D L L U O HO EW R D A HE / ST A 2 ER HO ' 4P !

TAXMANN®

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HE SB A O CT NT I N YE L T M R P A I PU YQ NE AD PN MA OY CR WE N EH I NC Y DA N I A MA S P ETM N HA O T L C NP I W FE SO E R TN S A E HOH SCT DE O H ET T T T . S / O D L L R 3 A A . EW ) $ BO LT Y L I WYB L T D .R E I /A L 3P P .D P )N U $A S

OHE T T R O EO E S I MB T R T S E H R PO G XF I ED M DNS NAA APS E EUS C T S R NA E AT CE T S O S I RM S N PT I S OG A I O T NT LA I A L LL E L CA E I M T N S S I HN DT CI NM EG AO T NGR YI F L R N B A I Y R S M N U S A EC T E P CSA S EA FM NR UO HONC SFAW I YME N RN UAEN FPHE H LMTT L F I WOOY C GB .W N D /E I E 3N N R I .E N U )H U $T RQ

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V .D S R /A I 3 A .D P )N E $A R

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RAA .E RD I /H E 3T N N .O U ) )O M N $T I

HW CE I N H WE H RT E F NO NY AT I MI L B AA T NF I I O SR S P E ND I N S UA BS S NE N WI S OU RB I E E HH T T NC T OE F YF R A R A Y CE L LS L R A E HV SD YA T R Y L A PTY C EN RR A E IP HD T LM I L E I O .WC

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4.12

SNTD T N I OE I A I S TT ME S N E EH EU L T T MQ T E EF ERSO E R RN H G O O S ATF I O E S E I I S C T C I Y R H EA R NE T DP OAMEE T RMH H TT NOO DH OH# I T C NT A AFAO L EOAB E R T R R N T E U O NBB I C EML G GC A N A NN I # I D AHN S N I M#I R I A RN B OAND O SF I I E N T CRDA A NENI L IA EP)L E C R N YHN E I T TOF F I F D O#E I I T D L B RADRL O L E OVR NA R SNE H OS E I O T F T I R A E U T O R R PC T T SUEI A I B RBR R D T T L!I L YSA B N NO HYR !C SB!

N A I D N ) E H T F O S L A V O R P P AS E GI NI T I R N O I A H T T B U OA OD T E TN C R EE J C B N UO SC ER DE AH MT O SD I TN N A ET MN EE EM R N G R AE SV I O H 4'

TE SVL LN I A H H OH ET T SMF R'L EO E Y A E DBV N R NSO O G I UN R A T A OPL DI I P A C ET T A I R O N D I E S E N U S HM QOT ! ECG EF R L D N O ENIPS P T R A N U E A AS L C SSR AI NMGF T R ORYO E I T T T Y! I A R AD NO R I WN E A H T T T YA L R A U B E M A T R U N OCEE F D T SOA N MA I N ONRER O P I EO I T OR TR I I GM D S DOPAE APPSI MAH NI R E I OTH A N OA T T I T R I D E D ED EE CU NT R ) AI TDF R N U TO OQ EN VE TPE R EM N OR E EEM CF I HE ND T I R N EN G RB NA A E )

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R O S N O I T C E R I D H C U S H T I W Y T I MS RE OT I F I N R OO CH T NU I A EE BT A OI SR L P A O R DP L U P OA WE H YT NF AO PS L MA OV CO R WP EP NA D E R E V I L E D D NN AE T DT ER I L A EW S E DV EO NB GA I T S S EI R VF AR HA OE T Y E R D E N HA SH E T I T N R O A PM E HY T A D E H T N O S T N E S E R P E S E H T R -

S S E N T I 7

N O I T U L O S E 2 D R A O " E H T O T T N A U S R U 0 R -

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AND WHEREAS

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THIS AGREEMNET

E R U T A N G I 3 # . ) . / 3 . ) $

F O x D E T A $

S S E N T I 7

Ans.:

4.13

IN WITNESS WHERE OF

Q11: Ultra Vision Textiles Ltd. is entering into a foreign collaboration with Omega Inc. USA for technical know–how and assistance for the proposed textile machinery manufacturing project. Draft a suitable foreign collaboration agreement. (June 2010, 10 marks)

WHEREAS

E L Y T S DT NC A!A T ST EE U MI C ANL NAA P EM# HO D T A R#O E E2 DH E NTE URH E G DD N EN I R MUW R O D OT F H , # E BT V D0 T L A U YE ON C WAI PF F Y NM/ AOD P#E R M N E AS OC T CI I KRG CEE OM2 T S !T S I TOG N D N I NI O V *)A FH !O

NOW THIS DEED WITNESSES AS FOLLOWS:

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Comment on the following; aims and prerequisite of arbitration. (December 2019, 5 marks) (December 2016, 4 marks)

TAXMANN®

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SDTI DB T E ) YNRB UR A E A C O A U R E R S SF GF PSINTS LA C E M D O E A T ENEAEU EOHR T L O B AUNEH TR T E T T JN E E E S U T UR SU F S U T TF NBI SI R L T EEO I E E O GFI AOT IOP HMC TMV AO CT ST TMDT )

TD EN L P EN MMA Y IE S G L T R ET S E L E T E NT S T E E L U A S P S OCEI I T MMD I SOT F R N O S A EOET V YCA N E DES M ND E ANTL ) A T T SKS R E CES A I I T EU Y YQRD A OPE ST E E KDGP N AEI S T S T I A C NV A O OER T I DT TS S ND A GNOA I ACE T I E L L O LMW D I N V A TA I S # N I S NEE I OET I WR T TA A E R P T B I E B E H RT T !U F PO S SY E I T D E U PAN SFO I D OM

Aim of Arbitration:

Y R OO RT S S EA T N A L E I E AC I C A ONR R LT MNE TL L I UA TUTN RPI E E A G P I E A M H R P O E E B A S T H R C R#T BNS WED N T T IVI N O R I A C D U E H T E! I B D P H E NNI !AYST W RMEN B N A S I B l A H I H O R EHAN N T R @ A E T T S T C E M E N O I A O T I D ER NI N S SB RO R EF H I TEEE HG O E NR RE HO A II IA I MMT 4A DT CWEAT T

Ans.:

4.15

IN WITNESS WHEREOF

ARBITRATION

Q12: Write a note on the following; arbitration agreements. (December 2012, 4 marks)

E NE SO C TI I T MIUF S N PF I E BC SO M UEI E S DDH E ! T L ET E T T KHP T E A E S T R C E A O C F T A E G SR T N E S I I YU R T I EM R U H A Q PTR E O GMT R N A O I T R T H N T C I E AWB T M R N ORE T A E T N E EM O R Y H C T T G T N ORT A I WAAO N T TPHP A N P NDTA S O EE E E T E S MERSS I O E W G E H L P I T A T T T E T P R C E YU BL A E LS P STA F N ANUER E RETRE E OMUPP F EMNO W N T E O T O R I R E D T I G O B S RA A T I S R A I H T R I MNTB A T I BSAR B AR UI SNMEA OHF OR SI T ! ) 4O SF DN EO S A B T N E M GS DI UH J C NI WH OW SE I T H U OP T S GI ND I E D RH OT CF CO AS E NC ON SA R T E PS DM RU I C H R T I HC C S UDE SNI A T YS R BT A C P NA OF E I H S ET I C H H ET T DNO !OB

G N I W O L L O & M S I N A H C E M N O I T U L O S E R E T U P S I D E T N A NI O RT E A T R L T A I B NR AA SF I O NS OT I I T F A E R N T I E B B RE !H T E R A

S ENE U EO M R I O I T R GA T O AR G ENI GR TN I I ABV 2U DCRA A S S S E E CE T S N I O T U I U PRR S H S0A4 P I L LP D I E ENH V EI L #HOD 4 P I T N MF A O S A R IE G T S S I NB E EDI L T ODRU T T #EAP E S S RENI OECID O D T D RE F SNP O R U WT A N E OON L YNI E E L T O DVA M F I R NG E T E AS L I T B B T SR T R R E O U ! A S T E E YONSR # E O SI U R LE E S UN KVL D I B AC EE AC T FC O NO IOT L OS R DY P I PO T EP E A R AEHN GU TO I TDTHE T I EO L MM N L CNO I D O E A V PS N I RR # UI PA A

R O L A N I F E B N A C S D R A W ! D R A W A N A D E L L A C S I R O T A R T I B R A N A F O N O I S I C E $M I R E T N I

E R A D R A W A N A F O S E T I S I U Q E R L A R E N E G E H 4

Prequisites of an award

R ENDO T I NT A U AA P SMSR T I I M E D B H R R ATE S A E FTN FO I E T O R TTHAA R T S N P A FA EP O E NH M T S WT EA U L T H EOOT T EGNO E R S NKB G I LA NN S A I O R COA SO I S R ML G EEN OACPI NONDD ERN OHR II C EWEHB F T E DSF I A E B D NT I OL AR RT L A KAOTH N CPT EE S I G U U M H N QI PE C SE TI I OC H T ADR DRRGW ETEAD N F S ER I OE HA V ECRTW DOOFA T O SWTSS NTNN I ANEO H EE I MT E IV MEED I WENG ATR EGOO SB ACT ) TAXMANN®

S E T I S I U Q E R E R P E E R H T G N I W O L L O F E H T E V A H T S U M N O I T A R T I B R A Y R E V % c

N I A T R E C E B T S U M T )

N O I S S I M B U S E H T H T I W T N E T S I S N O C E B T S U M T )

(June 2019, 4 marks)

Requirements of a valid award.

Ans.:

to a third person in writing

dispute

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4.16

Pre-requisites of Arbitration

binding

Q13: Explain the following; Utility of arbitration. (June 2018, 4 marks) Ans.:

Q14: Write note on the following; Arbitration award. (December 2010, 4 marks) (June 2013, 4 marks)

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D R A W A N A F O S T N E T N O C E H T E R A G N I W O L L O F b

Y N A F I S T S O C T R A P E V I T A R E P O S L A T I C E R E H T S N I A T N D OR CA DW RA A F WO AE FC O A L EP R U D TN C UA RE T T S A !D

S DT N RI A RO I WEC T ADE T NNJ C AUB! GON N NE O I I T MHA ITI A SL I L E C C I N T SR O NA OP# SED R HN E PTA F N DOO I NRT E AH A R TT SI I E EB I OR T R T A E! L PB E H EAT HTF P T O E NC OC AN GT O NO I I NC T D NSE I I ES B R ME DA D NS N AE U HE LT A FD NI I F RA EEM BVE E B LW L N A HOA S(C

RNW OO A LI, T A A NR F I T O F I T B ER R BA U NNO AA# CY E H SBT DSN RI TI A RT WEN !ME M E D G H RT D A N U WO J AN E H OT NI AT O A T DN S EI U L L MO A RG CE O TL SE I A RDN OAA T S SI A I R D D T I RN B A A RW A N NAO ANI T O A FT I R O T A I NRB OT R IA I B S R I N C ! I E L A $MN IU R E B T I R N T I

Q16: An arbitration award is required to be registered. (June 2015, 4 marks)

TAXMANN®

G N I M I A L C S N O S R E P D N A S E I T R A P E H T N O G N I D N I B D N A L A N I F E B L L A H S D RI T A R WE AD NN !U

TEGE N V HNI ET I G H MFC O O ET UT L T R O N T T A E O PRS S R SOE LA A FP CEO I E TD MR R OGUI S E NAOHI OOGTT A R N CL SI A EA O S P I T D R E T NOAN H AH E T E W CM K H N SE CE T EO I E U I R B T R E QR G F N OAF AO I P T D EG DG H R N N EI T I S TO F D I C E O V N T AU ER I SB DT PNE SNSOB I NOIT ACDI L L EORDA MWENH F O E TR CS A N H DC EON SE I T I NWTAH N OE SW TE I T T BMMN A R R EET E E T T I E U M B R E RPG HG !SAT D I D U NJ N I OS AA PI FM UH O

Ans.:

S E I T R A P E H T L L A O T D E R E V I L E D E B T S U M D R A W A E H T F O Y P O C D E N G I 3 e

N O I T A R T I B R A F O E C A L P E H T E T A T S T S U d

R O T A R T I B R A E H T Y B D E N G I S D N A D E T A D E B T S U c

E H T Y B D E E R G A E S I W R E H T O S S E L N U D R A W A R O F S N O S A E R E T A T S S E TT I S R UA -P a

G N I T I R W N I E B T S U

According to Section 31 of Arbitration and Conciliation Act, 1996 :

E L B I S S O P E B T S U M N O I T A T N E M E L P M I S T ) e

L A N I F E B T S U M T ) d

S E I T R A P E H T O T R I A F E B T S U M T ) c

Structure of award

Section 35 of Arbitration and Conciliation Act, 1996

4.17

Q15: An award given by the Arbitrator is not always final and binding upon the parties. (June 2017, 4 marks) Ans.:

Finality of award

According to Section 35 of Arbitration and Conciliation Act, 1996

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Description This book is prepared exclusively for the Professional Level of Company Secretary Examination requirement. It covers the questions (topic/sub-topic wise) & detailed answers strictly as per the syllabus of ICSI. The Present Publication is the 4th Edition & updated till 31st May 2022 for CS-Professional | New Syllabus | Dec. 2022/June 2023 exams. This book is authored by Adv. Ritika Godhwani, with the following noteworthy features:

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