The time limit for filing a complaints before the District forum under the Consumer Protection Act, 1986 is
two years
Section 24A of the Consumer Protection Act, 1986 sets the limitation period: the District Forum, State Commission or National Commission shall not admit a complaint unless it is filed within two years from the date on which the cause of action arose.
Under the proviso, a complaint may still be entertained after this period if the complainant satisfies the forum that there was sufficient cause for not filing in time, and the forum records its reasons for condoning the delay. So a limit exists, though it is not absolutely rigid.
One year is shorter than the statutory period, three years is the general period under the Limitation Act for many civil suits rather than the consumer law period, and the claim that no limit exists ignores Section 24A altogether. The Consumer Protection Act, 2019 keeps the same two-year limit.
Hence, two years.
Which of the following refers to a situation in which the merger of companies results in over 25% of the market in the hands of the merged companies ?
Indicate the true statement :
The Competition Act, 2002, seeks to regulate
Which of the legislation(s) do (does) not form part of the legal environment of business in India ?
Match the items/terms given in List-I with those given in and List-II.
| List – I | List – II | ||
| (a) | BIS | (i) | Print Media |
| (b) | CERC | (ii) | Minimum support price for agricultural products. |
| (c) | CACP | (iii) | Quality of manufactured products. |
| (d) | PCI | (iv) | Comparative product testing. |
Indicate the correct answer :
Codes :
(a) (b) (c) (d)
Which of the following is true ?
Match the items of List – I with List – II :
| List – I | List – II | ||
| a. | Industries Development Regulation Act | i. | 1947 |
| b. | Import and Export Control Act | ii. | 1948 |
| c. | Foreign Exchange Management Act | iii. | 1951 |
| d. | Factories Act | iv. | 1999 |
Identify the correct combination :
Codes :
a b c d
Which of the following is an example of an issue for which an agreement has not been made between two or more countries ?
Statement-I : Legal agreements between two countries govern how both the countries tax earnings.
Statement-II : International Law may determine how and whether companies can operate in a certain locale.
Codes :
Given below are two statements, one labelled as Assertion (A) and the other labeled as Reason (R). Read the statements and choose the correct answer using the code given below.
Assertion (A): Consumers need to be given legal protection against certain trade practices and business methods.
Reason (R): Protection as per market forces and 'Caveat Emptor' is not enough as perfectly competitive market is an economist's dream and consumer sovereignty is a myth.
According to FEMA, foreign exchange does NOT include
1. Deposits payable in any foreign currency
2. Bills of exchange drawn in Indian currency but payable in any foreign currency
3. Traveller's cheques drawn by institutions outside India but payable in Indian currency
4. Drafts drawn by banks outside India and payable in foreign currency
Which of the following laws does not affect business organizations?
Which of the following sections of Companies Act, 2013 facilitates amalgamation, absorption and reconstruction of companies?
1. 319
2. 320
3. 410
4. 502