IGNOU MMPC 013 Free Solved Assignment 2022-23 , IGNOU MMPC 013 Business Law Free Solved Assignment 2022-23 If you are interested in pursuing a course in radio production and direction, IGNOU MMPC 013 can be an excellent choice. In this article, we will take a closer look at what IGNOU MMPC 013 is all about and what you can expect to learn from this course.
IGNOU MMPC 013 is a course offered by the Indira Gandhi National Open University (IGNOU) under the School of Journalism and New Media Studies. As the name suggests, it is a course on “Production and Direction for Radio.” The course is designed to provide students with a comprehensive understanding of radio production and direction and covers various topics related to this field.
- 1 IGNOU MMPC 013 Free Solved Assignment 2022-23
- 2 Q1. Discuss the modes of dissolution of a partnership and explain the grounds on which a court can order dissolution of a firm.
- 3 Q2. What is the objective of the Foreign Exchange Management Act? Discuss the mechanism for acquiring property in India by a non-resident and outside India by a resident.
- 4 Q3. Explain the necessity for the Insolvency and Bankruptcy Code 2016 (IBC-2016) and briefly discuss the four pillars of Institutional Infrastructure under IBC-2016.
- 5 Q4. Discuss the role of ‘Privacy’ in the context of Digital World. Discuss the personal Data Protection Bill, 2019.
- 6 Q5. Explain the applicability of Consumer Protection (E-Commerce) Rules, 2020 and discuss the duties and liabilities of e-commerce entities under these rules.
IGNOU MMPC 013 Free Solved Assignment 2022-23
Q1. Discuss the modes of dissolution of a partnership and explain the grounds on which a court can order dissolution of a firm.
There are several modes of dissolution of a partnership, including:
- Dissolution by mutual consent: When all partners agree to dissolve the partnership, it can be dissolved by mutual consent. In such cases, the partners can draw up a dissolution agreement outlining the terms of the dissolution.
- Dissolution on the expiry of a fixed term: When a partnership is formed for a fixed term, it will be dissolved automatically at the end of that term.
- Dissolution by notice: A partnership may be dissolved by notice if a partner gives notice to the other partners of their intention to dissolve the partnership. The notice period will depend on the terms of the partnership agreement or the relevant law.
- Dissolution by the court: The court may order the dissolution of a partnership in certain circumstances, such as:
a. Insanity or incapacity of a partner: If a partner becomes mentally incapacitated or insane, the court may order the dissolution of the partnership.
b. Misconduct: If a partner engages in misconduct that is likely to affect the business or reputation of the partnership, the court may order dissolution.
c. Breach of partnership agreement: If a partner breaches the partnership agreement, the court may order dissolution.
d. Economic loss: If the partnership’s economic situation becomes untenable, and the partners cannot agree on how to continue the business, the court may order dissolution.
e. Other just and equitable grounds: The court may order dissolution of the partnership on other just and equitable grounds, such as a breakdown of trust between the partners.
In conclusion, dissolution of a partnership can occur by mutual consent, expiry of a fixed term, notice, or court order. A court may order dissolution on the grounds of insanity or incapacity of a partner, misconduct, breach of partnership agreement, economic loss, or other just and equitable grounds.
Q2. What is the objective of the Foreign Exchange Management Act? Discuss the mechanism for acquiring property in India by a non-resident and outside India by a resident.
The Foreign Exchange Management Act (FEMA) is a regulatory framework enacted by the Indian government in 1999 to regulate foreign exchange transactions in the country. The primary objective of FEMA is to facilitate external trade and payments, promote orderly development and maintenance of the foreign exchange market in India, and preserve the stability of India’s financial system.
Under FEMA, the acquisition of property by non-residents and residents outside India is subject to certain regulations. Non-residents are defined as individuals who are not Indian citizens or do not reside in India for more than 182 days in a financial year. Residents outside India are defined as Indian citizens who reside outside India or are persons of Indian origin who have settled abroad.
Non-residents can acquire property in India through the purchase of immovable property, such as land or a house, subject to certain conditions. Non-residents can also inherit property in India or receive it as a gift. They are required to obtain a permanent account number (PAN) and open a bank account in India for any property-related transactions. Additionally, they are only allowed to use foreign currency to make the initial payment for the property and are required to make subsequent payments through an Indian bank account in Indian rupees.
Residents outside India can acquire property outside India without any restrictions, subject to the regulations of the country where the property is located. However, residents in India are subject to certain limitations when acquiring property outside India. Indian residents can acquire property outside India only if they have earned foreign exchange through permissible sources, such as export of goods or services or employment abroad. Additionally, the amount of foreign exchange used for acquiring the property must not exceed the limit specified by the Reserve Bank of India.
In conclusion, the Foreign Exchange Management Act regulates the acquisition of property by non-residents and residents outside India. Non-residents can acquire property in India subject to certain conditions, while residents outside India can acquire property outside India without any restrictions, subject to the regulations of the country where the property is located. Indian residents can acquire property outside India subject to certain limitations and regulations.
Q3. Explain the necessity for the Insolvency and Bankruptcy Code 2016 (IBC-2016) and briefly discuss the four pillars of Institutional Infrastructure under IBC-2016.
The Insolvency and Bankruptcy Code 2016 (IBC-2016) is a landmark legislation in India that was enacted to provide a comprehensive framework for the resolution of insolvency and bankruptcy-related issues. Before the enactment of IBC-2016, the insolvency and bankruptcy laws in India were outdated and inadequate, resulting in lengthy legal proceedings and ineffective recovery mechanisms.
The IBC-2016 was necessary to address the following issues:
- Timely resolution of distressed assets: The existing legal framework for insolvency and bankruptcy was time-consuming and resulted in delays in the resolution of distressed assets. IBC-2016 introduced time-bound resolution processes to ensure timely resolution of distressed assets.
- Strengthening creditor rights: The IBC-2016 strengthened the rights of creditors and provided them with a greater say in the resolution process. It ensured that the interests of all stakeholders, including creditors, debtors, and shareholders, were protected.
- Promoting ease of doing business: The IBC-2016 introduced a streamlined and efficient process for the resolution of insolvency and bankruptcy cases. This has helped in promoting ease of doing business in India by providing a predictable and transparent legal framework for the resolution of distressed assets.
- Enhancing investor confidence: The IBC-2016 has enhanced investor confidence in India’s business environment by providing a predictable and efficient legal framework for the resolution of distressed assets.
The four pillars of institutional infrastructure under IBC-2016 are:
- Adjudicating Authority: The National Company Law Tribunal (NCLT) is the adjudicating authority under IBC-2016. It is responsible for adjudicating and resolving insolvency and bankruptcy-related issues.
- Insolvency Professionals: The IBC-2016 provides for the appointment of insolvency professionals who are responsible for managing the insolvency process. They play a crucial role in ensuring the timely resolution of distressed assets.
- Insolvency and Bankruptcy Board of India (IBBI): The IBBI is the regulatory body responsible for overseeing the insolvency and bankruptcy process in India. It regulates the activities of insolvency professionals, information utilities, and other entities involved in the insolvency process.
- Information Utilities: The IBC-2016 provides for the establishment of information utilities that act as repositories of financial information. They play a crucial role in ensuring the timely resolution of distressed assets by providing accurate and timely information to stakeholders involved in the insolvency process.
Q4. Discuss the role of ‘Privacy’ in the context of Digital World. Discuss the personal Data Protection Bill, 2019.
Privacy plays a critical role in the digital world, where vast amounts of personal data are generated, collected, and processed by various entities such as governments, businesses, and individuals. Privacy refers to an individual’s right to control their personal information and data, including who has access to it, how it is used, and how it is protected.
In recent years, concerns over data privacy and security have become more significant due to the increasing amount of data generated and collected online, as well as the numerous data breaches and cyber attacks that have occurred. As a result, governments around the world have started to introduce data protection laws to safeguard citizens’ privacy rights.
One such law in India is the Personal Data Protection Bill, 2019. The bill aims to provide a comprehensive framework for the protection of personal data in India and regulate the processing of such data by entities, including the government.
The bill defines personal data as any data that relates to an identified or identifiable natural person, such as name, address, date of birth, biometric information, financial information, and more. It also sets out various principles for the processing of personal data, including the requirement for obtaining consent, the purpose limitation, and data minimization.
The bill also establishes a Data Protection Authority (DPA) to oversee the implementation and enforcement of the law. The DPA has the power to investigate and penalize entities that violate the provisions of the law, including the imposition of significant fines and imprisonment for serious offenses.
Overall, the Personal Data Protection Bill, 2019, is a significant step towards protecting citizens’ privacy rights in the digital age. Its provisions aim to strike a balance between enabling the use of personal data for legitimate purposes while ensuring that individuals have control over their data and that it is not misused.
Q5. Explain the applicability of Consumer Protection (E-Commerce) Rules, 2020 and discuss the duties and liabilities of e-commerce entities under these rules.
The Consumer Protection (E-Commerce) Rules, 2020 were introduced by the Indian Government to regulate the e-commerce sector in India and to protect the interests of consumers engaged in online transactions. These rules apply to all e-commerce entities that operate in India, including foreign e-commerce companies that conduct business in India.
The applicability of these rules is broad and covers a range of e-commerce activities, such as online purchase of goods and services, online hotel booking, and online ticket booking. The rules provide a framework for the functioning of e-commerce entities, and establish several duties and liabilities that they must comply with. Here are some of the key provisions:
- Duties of e-commerce entities:
a. Disclosures: E-commerce entities must provide accurate and adequate information about the products or services being offered, including the country of origin, customer care details, and information about the seller.
b. Fair business practices: E-commerce entities must not engage in any unfair trade practices such as falsely representing products, using misleading advertising, or manipulating reviews and ratings.
c. Complaint redressal: E-commerce entities must establish a grievance redressal mechanism to resolve consumer complaints in a timely manner.
d. Data protection: E-commerce entities must ensure the protection of personal information and data of consumers.
- Liabilities of e-commerce entities:
a. Liability for defective products: E-commerce entities are liable for any defective products sold through their platform, and they must provide a refund or replacement to the customer.
b. Liability for misleading advertisements: E-commerce entities are liable for any misleading advertisements published on their platform.
c. Liability for non-delivery: E-commerce entities are liable for non-delivery of products or services.
d. Liability for unfair trade practices: E-commerce entities are liable for any unfair trade practices conducted on their platform.
Overall, the Consumer Protection (E-Commerce) Rules, 2020 provide a comprehensive framework to regulate e-commerce activities and to protect the interests of consumers. E-commerce entities must comply with these rules to ensure fair and transparent business practices and to avoid legal liabilities.
GET Handwritten Hardcopy
All Over India Delivery
WhatsApp – 8130208920