Business Laws

Paper Code: 
EMP 421
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

To provide with practical legal knowledge of general business law issues and topics to help become more informed, sensitive and effective business leaders.
To understand fundamental legal issues pertaining to business world to enhance ability to lead and delegate.

12.00
Unit I: 

Law Relating to Contract- Contract- Meaning, essentials of a valid Contracr, Performance of Contract, Discharge  of Contract, Indemnity & Guarantee, Bailment , Pledge, Law of Agency.

12.00
Unit II: 

 Partnership Act, 1932

Nature of partnership, Relations of partners to one another, Relations of partners to third parties, Incoming and outgoing partners, Dissolution of firm, Registration of firms

12.00
Unit III: 

The Consumer Protection Act, 1986   Definitions of Consumer, Person, Goods, Service, Trader, Manufacturer, Meaning of Consumer Dispute, Complaint, Unfair Trade Practices, Restrictive Trade Practices; Consumer Protection Councils; Consumer Disputes Redressal Agencies

12.00
Unit IV: 

Intellectual Property Rights
Introduction, Characteristics, & Types of Intellectual Property, Intellectual Property Laws in India - Trade Marks Act, 1999, The Patent Act, 1970, The Copyright Act, 1957.
Right to Information Act,2005-Feature of Right to Information(RTI) Act, 2005, Objective, Public Authorities & their obligations, Designation of Public Information Officers (PIO) & their Duties, Request for obtaining Information, Exemption from disclosure, Information Commissions( Central & State) and their powers, Appellate Authorities, Penalties, Jurisdiction of Courts, Role of Central/ State Governments
 

12.00
Unit V: 

The Companies Act, 1956 – Formation of Company                                                                  

Company with Meaning & Characteristics and Kinds, Meaning of Corporate Veil, Registration & Incorporation-Memorandum of Association, Articles of Association(Preliminary)

The Companies Act, 1956 – Functioning of Company                                                             

Prospectus, Shares, Shareholders & Members, Directors: Position, appointment, removal, power & duties, Meetings.
 

 

*A minimum of one case study will be discussed per unit of the syllabi.

References: 
  1. V.S. Datey, Students' Guide To Economic Laws - 2006, Taxmann Publications Pvt.Ltd., New Delhi
  2. Avatar Singh, Company Law, Eastern Books Company, Lucknow.
  3. Akhileshwar Pathak, Legal Aspects of Business, Tata McGraw-Hill, 2007
  4. P. Saravanavel & S. Sumathi, Business Law for Management, Himalaya Publishing house, 2004.
  5. P. Kasliwal, Intellectual Property Rights,CBC, First Edition, 2009.

Other readings:

  1. M C Kuchhal, Business Law –Vikas Publishing House, 4th. Edition, 2005.
  2. S.S. Gulshan & G.K.Kapoor, Business Laws, New Age International, 2004
  3. K. R. Bulchandani, Business Law, Himalaya Publishing house, 2009.
  4. N.D. Kapoor, Mercantile Law,2005 Sultan Chand & Sons, New Delhi, 2005
  5. S.K. Tuteja, Business Law for managers,1st edition Sultan Chand & Sons, New Delhi
  6. Majumdar A.K. and Dr. Kapoor G.K.., Company Law & Practice, Taxmann Publications Pvt. Ltd., New Delhi.
  7. G. Prasad, Business and corporate law, Jai Bharat Publishers 2007
  8. Bare Text of the relevant Act