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BUSINESS
LAW
December 2022
Examination
Q1. India’s
vision of self-reliance is not only on its technological prowess but the
conscious exploitation its flora and
fauna. Explain and
highlight the important provisions
and features of the law that conserves biological diversity in India along
with regulating the access to Indian Biological Resources (10 Marks)
Ans
1.
Introduction
Like
sustaining all life on Earth, biodiversity is the platform that supports the
connection of all sorts of living microorganisms from several sources across
terrestrial, aquatic, and all aquatic environments. Biodiversity is likewise a
center for contemporary and conventional medications, a food source, and gives
natural substances for exchange and business. As one of the most influential
countries in the world and holding the global document for the environment of
one of the unique species, India is dealing with biodiversity dangers because
of population explosion due to
Q2. Please give
two (2) instances
where investigations and/or
punishments are
initiated/enforced by the authorities set up under the Competition Act,
2002. (10 Marks)
Ans
2.
Introduction
Competition is the Act of sellers trying to win the
favor of customers to get an edge or a slice of the pie. The Competition Act
2002 was enacted by the Indian Parliament to change the Restrictive
Infrastructure and Illegal Trade Practices Act 1969. The Indian Competition Law
Administration is active. After the implementation of the Competition Law 2002
(the "Law"), it was changed two times by him, the Competition Law
2007 (Modification) and the Competition Law 2009 (Amendment
Q3. Samanyu
wants to start a business along with his elder sister Samaira. Both have
decided to start food truck chains across India and have decided to name it as
“SamSam”. They are going to introduce a range of food products under the name
of SamSam. For ex: SamSam Fries, SamSam Pizza, SamSam Tacos etc. Each of these
products would have a special recipe designed by both Samira and Samanyu. However, they are skeptical that the word
SamSam and these recipes would be copied/plagiarized by other food truck
owners. They have approached you with following queries for them to understand
what steps then can take to protect their rights:
a.
What types intellectual property rights they could claim in relation to the
SamSam and the recipes. Please explain with reason on why the type of
intellectual property would apply? (5 Marks)
Ans
3a.
Introduction
Develop legit building rights and prevent the
illegal use of the building. The granting of intellectual residential or
commercial property civil liberties assists in rejuvenating the economy and
promoting further development. Ideally, companies or individuals seek legal
defense for their intellectual property when they feel they need to protect it
from being used by others without their permission. We
b. Explain civil
and criminal remedies
under various intellectual
property laws for enforcement of intellectual property
rights? (5 Marks)
Ans
3b.
Introduction
Collectively, copyright is referred to as the
privilege associated with the spirit's production and is restricted to the
creator or persons authorized by the creator. The famous adage "Ubi jus,
ibiremedium" implies that where the law conferred rights, violations of
them required related services. For copyright, benefit
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