To gain knowledge of the branches of law which relate to business transactions, certain corporate bodies and related matters. Also to understand the applications of these laws to practical commercial situations.
At the end of the course, students should be able to:
Unit I (5 Weeks)
The Indian Contract Act 1872: Meaning and Essentials of contract; Kinds of contract Based on: validity, formation & performance, law relating to offer and acceptance, consideration, competency to contract, free consent, Void agreements, performance of contracts, discharge of contracts, breach of contracts and quasi contract, Special contracts: contract of indemnity and guarantee, bailment and pledge, and agency.
Kucchal M.C. & Kucchal Vivek. Business Legislation for Management. Vikas Publishing House (P) Ltd.: Part I
Unit II (2 Weeks)
Sale of Goods Act 1930: Sale and agreement to sell, implied conditions and warranties, sale by non owners, rights of unpaid seller. Negotiable Instruments Act 1881: Meaning of negotiable instruments, type of negotiable instruments, promissory note, bill of exchange, cheque.
Kucchal M. C. Business Law/Mercantile Law. Vikas Publishing .House (P) Ltd: Part II & Part IV
Unit III (3 Weeks)
The Companies Act 2013: Meaning and types, Incorporation, Memorandum & Articles of association, Prospectus, Issue of shares and bonus shares, rights issue, sweat equity, role of directors, share qualification, company meetings. The Limited Liability Partnership Act 2008: Meaning and nature of limited partnership, formation, partners& their relations, extent and limitation of liability.
Kapoor G. K. & Dhamija Sanjay. Company Law and Practice-A comprehensive text book on Companies Act 2013.Taxmann: Chapter 1, 2, 3, 4, 5, 6, 7, 14, 16 & 17
Kucchal M.C. & Kucchal Vivek. Business Legislation for Management. Vikas Publishing House (P) Ltd.: Part IV
Unit IV (2 Weeks)
Insolvency and Bankruptcy Code 2016 and Competition Act 2002: Salient features of the Act and their relevance to the business; Information Technology Act 2000: Rationale behind the act, Digital Signature, Electronic Governance.
Kucchal M.C.& Kucchal Vivek. Business Legislation for Management. Vikas Publishing House (P) Ltd: Part VIII & Part XII