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FAQs for Job Interviews

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FAQs for Job Interviews

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FREQUENTLY ASKED QUESTIONS IN JOB INTERVIEWS

By- Dhriti Yadav, B.A. LL.B. (H.), 2019-24

 Contract Law
1. Difference between Pledge and Bailment
2. Essentials of Contract
3. Difference between contract and agreement
4. Difference between mortgage and hypothecation
5. What is the Doctrine of Subrogation
6. Define an indemnity clause and explain its scope.
7. What can be the most suitable type of mortgage for a bank while lending money to
its customers?
8. Explain the concept of Estoppel.
9. What are the types of Agency under ICA?
10. What is the doctrine of holding out?

 Companies Act
1. What are the types of Companies under Companies Act
2. What are the types of Directors under Companies Act
3. Explain the doctrine of indoor management.
4. Explain the doctrine of ultra vires.
5. Explain the doctrine of constructive notice.
6. Difference between MoA and AoA
7. Explain the relationship between the parent act, MoA and AoA of a company.
8. What are the powers of the board of directors of a company?
9. Can a sole director of a private company appoint and additional director without
convening an AGM? If yes, under what circumstances and provisions of Companies
Act?
10. How is the process of liquidation under Companies Act difference from process of
liquidation under IBC?

 Banking and Finance


1. What are the types of shares?
2. Difference between Rights Issue and Bonus Issue
3. What are the different ways of fund raising for a company?
4. What is Private Placement?
5. Explain the process of an IPO.
6. Explain s. 138 of NI Act? What is the procedure followed once a cheque is
dishonoured?
7. What is s. 13 of SARFAESI Act?
8. What is due diligence? What are the types of Due Diligence?
9. What are the major chapters covered in a due diligence report? Set out a list of
documents you would requisition from a company who has approached you as a
lawyer to conduct a due diligence.
10. What are the objectives kept in mind while undertaking a legal due diligence by you?
11. Explain the contents of an insurance policy

 Insolvency and Bankruptcy


1. What is a moratorium? At what stage does the moratorium begin?
2. What is the time period set for CIRP under IBC? Is extension of the time period
allowed? If yes, how much and what is the process to seek the extension?
3. Explain the CIRP process under IBC.
4. Explain the Liquidation process under IBC.
5. Whether Compulsory Convertible Debentures can be called as a ‘Financial Debt’
under IBC?
6. What is the maximum time set out under law for the completion of Liquidation
proceedings and under which regulation?
7. What is the liability of personal guarantors under IBC?
8. Who are the persons who can initiate CIRP under IBC? The requirement of serving a
demand notice is a mandatory requirement or an optional requirement and under
what circumstances?
9. What is the threshold set out under IBC to initiate CIRP against a Corporate Debtor?
Who is the authority who can change the threshold and under which provision?
10. Explain the withdrawal procedure of CIRP application under IBC.

 Competition Law
1. What are recent amendments made to the Competition Act?
2. Explain the concept of Hubs and Spokes Cartel.
3. What is the punishment under Competition Act? What are the parameters on which
fines are imposed?
4. What is the leniency provision under Competition Law? Is it the same for all kinds of
anti-competitive agreements? If no, what is the difference?
5. Explain the difference between horizontal and vertical agreements.
6. What are your views on digital markets and competition law regime in India? Is it
adequate or amendments are required? If yes, what should be the amendments
according to you?
7. Define relevant product market and relevant geographical market as per competition
act.
8. What is an enterprise under competition law?
9. Give in form of a precedent, an example of an anti-competitive agreement and a
non-anti-competitive agreement held by the CCI.
10. What is your understanding of the gun-jumping provisions under the competition
act?
 Transfer of Property Act & RERA
1. Is immovable property defined under TPA? If yes, is it a positive or a negative
definition?
2. What are the other acts that define immovable property and how has it been
defined under those acts?
3. Can a transfer of property be made to an unborn child? If yes, under which provision
of TPA and what are the sin qua non for such transfer to be valid?
4. What is a lease? Is the registration of lease mandatory? Explain the situation where
it is not mandatory to register a lease.
5. How do you conduct a title search or due diligence for property documents?
6. As per the registration act, explain the situations under which registration of a
document is mandatory and optional.
7. As a lawyer to your client, what are the checklists in your mind while your client is
buying an immovable property?
8. Can the members of a society which is undergoing a redevelopment approach RERA
authority in case the builder defaults on handing over the possession of the homes in
time?
9. What is Mortgage? What are the types of Mortgages?
10. Can a property be transferred to a person for perpetuity? Difference between
freehold and leasehold property.
11. Can a business be run on an agricultural land? How is an agricultural land converted
into a non-agricultural land?

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