AZB & Partners Interview Questions and Answers

Legal technical questions on basics of law

Q1. General question to gauge culture fit
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Q1. Tell me about yourself
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Q1. What is transfer pricing
Ans. 
Transfer pricing is the setting of prices for goods and services sold between related legal entities within an enterprise.
• Transfer pricing is used by multinational companies to allocate profits and costs between different subsidiaries.

• It helps determine the taxable income in different countries where the company operates.

• Transfer pricing should be set at arm's length, meaning the prices should be similar to what unrela...read more
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Q1. The questions were based on the niche I was applying for in the firm
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Q2. What is the impact of Supreme Court's decision on documentation required before deduction could be allowed for write-off of debts?
Ans. 
Supreme Court's decision on documentation for debt write-off impacts deduction eligibility.
• Supreme Court's decision requires documentation to prove debt write-off eligibility for deduction.

• Lack of proper documentation may result in disqualification for deduction.

• This decision aims to prevent fraudulent claims for debt write-off deductions.

• Examples of required documentation include loan agreements, repayment schedules, ...read more
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Q1. Difference between public and private company?
Ans. 
Public companies are listed on stock exchanges and have shares available for public trading, while private companies are owned by a small group of individuals and do not have publicly traded shares.
• Public companies have shares that are traded on stock exchanges, allowing anyone to buy and sell them.

• Private companies are owned by a small group of individuals or a single entity, and their shares are not publicly traded.

• P...read more
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Q2. Difference between ROFR and ROFO
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ROFR gives the right to match an offer, while ROFO gives the right to make the first offer.
• ROFR (Right of First Refusal) allows the holder to match an offer before it is accepted by the seller.

• ROFO (Right of First Offer) gives the holder the right to make the first offer on a property or asset before it is offered to others.

• ROFR is reactive, triggered by an existing offer, while ROFO is proactive, allowing the holder t...read more
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Q1. What has been the most interesting task in your internship till date?
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Q2. I had to explain the task I worked on and my experience throughout the same.
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Q1. Tell me something about yourself ? Where did you grow up? Talk us about your family bg? How would you rate your hometown?
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Q1. Basic Company Law questions. Contract Act
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Q2. And completely CV based.
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Q3. Also about your publications
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Q1. Why do you want to join KCO
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Q1. What is difference between warranty and rep
Ans. 
A warranty is a guarantee provided by a seller to a buyer regarding the quality and performance of a product, while a rep is a representation or statement made by a seller about a product or service.
• Warranty is a legally binding promise, while a rep is a statement of fact or opinion.

• Warranty provides assurance of product quality and performance, while a rep provides information about the product.

• Warranty is typically w...read more
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Drafting of contract clauses and emails.

Q1. Why do you want to switch.
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Q2. What all types of transactions have you worked on.
Ans. 
I have worked on various types of transactions including mergers and acquisitions, IPOs, debt financings, and private equity investments.
• Mergers and acquisitions

• Initial public offerings (IPOs)

• Debt financings

• Private equity investments
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