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Lo2 Ventures Legal Trainee Interview Questions and Answers
Lo2 Ventures Legal Trainee Interview Experiences
1 interview found
Anonymous
I applied via Indeed and was interviewed in Apr 2021. There were 4 interview rounds.
Interview Questionnaire
2 Questions
- Q1. Is social media a sin or boon ?
- Ans.
Social media is a boon if used wisely, but can be a sin if misused.
Social media can be a great tool for networking and staying connected with friends and family.
It can also be used for marketing and promoting businesses.
However, social media can also be a source of addiction, cyberbullying, and spreading fake news.
It is important to use social media responsibly and be aware of its potential negative effects.
- Q2. What are your thoughts on Corporate World in India if you look 10 years from now ?
Interview Preparation Tips
Interview questions from similar companies
Harshwardhan Singh
(5 Questions)
- Q1. Tell me about your work experience?
- Ans.
I have over 10 years of experience working as a Legal Manager in various industries.
Managed a team of legal professionals to ensure compliance with laws and regulations
Drafted and reviewed contracts, agreements, and legal documents
Provided legal advice and guidance to senior management
Handled litigation and dispute resolution processes
Developed and implemented company policies and procedures to mitigate legal risks
- Q2. What do you know about the SARFAESI ACT.
- Ans.
SARFAESI Act stands for Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002.
SARFAESI Act allows banks and financial institutions to auction residential or commercial properties to recover loans in case of default.
It provides a faster mechanism for recovery of non-performing assets without court intervention.
The Act empowers banks to take possession of the secured assets ...
- Q3. Tell me about section 13 (8) of SARFAESI ACT and also explain pre requisites for issuing demand notice under SARFAESI ACT.
- Ans.
Section 13(8) of SARFAESI Act allows the borrower to appeal against the measures taken by the bank under the Act.
Section 13(8) of SARFAESI Act states that the borrower can make an appeal to the Debt Recovery Tribunal (DRT) against the measures taken by the bank under the Act.
The pre-requisites for issuing a demand notice under SARFAESI Act include the borrower defaulting on repayment of the loan, the bank classifying t...
- Q4. What is the notice period under section 138 of NI act and also when the cause of action arises to file a case under section 138.
- Ans.
Notice period under section 138 of NI act and cause of action to file a case.
Notice period under section 138 is 15 days from the date on which the payee receives the notice of dishonor.
Cause of action to file a case under section 138 arises when the cheque is dishonored by the bank due to insufficient funds or other reasons.
The payee must send a legal notice to the drawer within 30 days of dishonor of the cheque to giv...
- Q5. Tell me something about Nclt and under which section financial creditors are defined. What is the procedure of liquidation.
- Ans.
NCLT is a quasi-judicial body that adjudicates insolvency and company law cases. Financial creditors are defined under Section 5(7) of the Insolvency and Bankruptcy Code, 2016.
NCLT stands for National Company Law Tribunal.
It is a quasi-judicial body established under the Companies Act, 2013.
Financial creditors are defined under Section 5(7) of the Insolvency and Bankruptcy Code, 2016.
The procedure of liquidation involv...
Efficient, hardworking, timemanagement, legal ability
(1 Question)
- Q1. How confident are you of this role?
(1 Question)
- Q1. How confident are you to take this on?
Contract review drafting
Selected
I applied via Job Fair and was interviewed in Jun 2024. There was 1 interview round.
About the company and related legal issues
Selected
Mental and psychological assessment
Latest topic and mostly current affairs
(1 Question)
- Q1. Interview about personal life
(2 Questions)
- Q1. How was your day
- Q2. Do you have any questions for us
It was very easy and yeah
Interview Preparation Tips
vyshnavi pillai
Selected
I applied via LinkedIn and was interviewed before Jun 2023. There were 3 interview rounds.
Mathematical calculation test
How is law related to IT?
(1 Question)
- Q1. How can you balance work and personal life
Selected
I applied via Approached by Company and was interviewed before Mar 2022. There were 2 interview rounds.
(2 Questions)
- Q1. Essential of a valid contract
- Ans.
A valid contract must have offer, acceptance, consideration, legal capacity, and legal purpose.
Offer: One party must make a clear and definite proposal to another party.
Acceptance: The other party must accept the offer without any changes or modifications.
Consideration: Both parties must exchange something of value, such as money or services.
Legal capacity: Both parties must have the legal ability to enter into a contr...
- Q2. What are different types of contracts and important clauses in the contract
- Ans.
Different types of contracts include employment, lease, sales, and service contracts. Important clauses include termination, indemnification, and confidentiality.
Employment contracts outline the terms of employment, including salary and benefits.
Lease contracts outline the terms of renting a property, including rent and security deposit.
Sales contracts outline the terms of buying or selling goods, including price and d...
Interview Preparation Tips
Selected
I applied via Approached by Company and was interviewed before Mar 2023. There was 1 interview round.
(5 Questions)
- Q1. Ask about the basic related to titled job and the salary expectation
- Q2. What is the meaning of Document review?
- Ans.
Document review is the process of examining and analyzing legal documents to determine their relevance and importance to a case.
Document review involves reading through documents such as contracts, emails, and other records.
It is often done to identify key information, potential issues, and evidence for a legal matter.
Document review can also involve organizing and summarizing large volumes of documents for easier refe...
- Q3. What is your experience in DR Field
- Q4. What is your salary expectation
- Q5. When can you join
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