Business Laws

Paper Code: 
MBA- 422
Credits: 
4.0
Contact Hours: 
40.00
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.
9.00
Unit I: 
The Companies Act, 1956 – Formation of Company

Company - Meaning & Characteristics. Kinds of companies. Meaning of Corporate Veil, Procedure of formation & incorporation of a company, Memorandum of Association and Articles of Association.

10.00
Unit II: 
The Companies Act, 1956 – Functioning of Company

Prospectus – Meaning, Registration and Issue, Contents of Prospectus, Shelf Prospectus, Abridged Prospectus, Statement in lieu of Prospectus & Red-Herring Prospectus. Directors: Position, Appointment, Removal, Power & Duties, AGM.

7.00
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.

7.00
Unit IV: 
Partnership Act, 1932

Nature of partnership, Relations of partners to one another, Relations of partners to third parties, Types of partners, Registration of firms, Dissolution of firm and dissolution of partnership.

7.00
Unit V: 
Intellectual Property Rights

ntroduction, Characteristics & Types of Intellectual Property - Copyright, Trademark, Patent, Geographical Indications and Industrial designs. Trade related aspects of Intellectual Property Rights (TRIPS) – concept and objectives.

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

 

References: 
  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