Legal Aspects of Business

L

3

T

0

P

0

C

3

Course Code

1CP06

Version No.

1

Name of Instructor

Sushil Kumar Dixit

Prerequisite

Good Knowledge of Business Laws

Objectives

1.To develop basic understanding of Business laws.

2.To develop skills for management decision making keeping in view Business laws.

3.To develop understanding of effective implementation of various business laws for better performance.

Expected Outcome

After Completion of Course the student shall get thorough knowledge on how to conduct business in accordance with law and avoid serious consequences that could possibly arise out of ignorance of law.

Module

Hours

I

Indian Contract Act, 1872: Definition, nature and kinds of Contract, Offer & Acceptance, Consideration, Free consent, Capacity of the parties, Legality of Object, Performance and discharge of contract, Breach of Contract and its remedies, Basic elements of Law relating to Agency, Guarantee and Pledge.

10

II

Sale of Goods Act, 1930: Meaning of Sale and Goods, Essentials of Contract of Sale, Sale & Agreement to Sale, Conditions & Warranties, Doctrine of Caveat Emptor and emerging Concept of Caveat Vendor, Transfer of Property, Rights of Unpaid Seller

6

III

Negotiable Instrument Act, 1881: Definition and essentials of the Negotiable Instruments, Promissory note, Bill of exchange and Cheque, Parties to Negotiable Instrument, Holder in Due Course, Negotiation by Endorsements, Crossing of a Cheque and Dishonor of a Cheque

5

IV

Indian Partnership Act-1932: Definition, Types of Partnership,Formation of Partnership, Registration of Partnership, Kinds of Partner, Rights & Liabilities of Partners, Dissolution of Partnership Firm

Limited Liability Partnership Act, 2008: Limited Liability Partnership

4

V

The Company Act, 1956: Definition and nature of a company, Essential characteristics of a Company, Types of Companies, Memorandum and Article of Association, Issue of Prospectus, Allotment Transfer and kinds Shares, Purchase by a company of its own shares, Company Management, Appointment and removal of directors, Managing Directors,Right and Liabilities of directors, Statutory meetings, Annual General Meeting and Extraordinary Annual General Meetings,Prevention of Oppression and Mismanagement, Winding up by Court and voluntary winding up.

10

VI

Law of Arbitration and Conciliation, 1996; Objective & scope of the Act, Arbitration Agreement & Arbitrators and Conduct of the Arbitral Proceedings, Making of Arbitral Award and Termination of proceedings, Enforcement of certain Foreign Awards, Conciliation: Meaning & Scope under the Act, Conciliation proceedings, Difference between Arbitration and Conciliation.

5

Prescribed Text Books

Gulshan, SS (2007), Mercantile Law, 3^rd Edition, Excel Books, Delhi

Pathak, Akhileshwar (2010),Legal Aspects of Business, Fourth Edition, McGraw Hill Education, Delhi

References

Singh Avtar,(2007),Company Law,5^th Edtn., Eastern Book Depot Co. Delhi

Mode of Evaluation

Type of Evaluation

Max. marks for which the exam is conducted

Marks in previous column are converted to

50 marks

15 marks

CAT-II

50 marks

15 marks

3 Quizzes

Each quiz will be conducted for a minimum of 20 marks

15 marks

(5 marks from each quiz)

Assignment

In the form of a report, seminar, presentation, quiz, experiment, GD, etc. as defined in the course syllabus/ course plan

5 marks

TEE (Theory without a lab component)

100 marks

50 marks

Total

100 marks

Attendance eligibility criteria for

Period of calculation of absence

Minimum % of attendance required

Minimum % of attendance required with the consent of Proctor

CAT -I

Free post-it digital notes download. At this point, we would like to introduce to you Post-it Digital Notes.

From 1^st Instructional day to 2 days before the start of CAT – I exams

85%

75%

CAT - II

From 1st Instructional day to 2 days before the start of CAT-II exams

85%

75%

TEE (Theory & Lab, separately)

From 1st Instructional day to the Last Instructional Day (inclusive)

85%

Garry's mod no-steam server list. See More: ‘Gmod Download’ is an absolute breeze The download process of the game is an absolute breeze just by using ‘download’ option.

75%

Recommended by the Board of Studies on

Date of Approval by the Academic Council