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MBA – II

SEM – III
Business Laws (Core Subject)

1. Course Objective:

The main objective of this course is to enable students understand the legal and
regulatory framework in which businesses operate in India.
Learning Outcome of this course in first semester would enable students to
understand the formalities involved in incorporating company and the nuances
related to law of contract and further they would also be able to know the
implications of Direct and Indirect taxes, Consumer protection, negotiable
instruments and also about the cyber laws.

2. Course Duration:
The course duration is of 36 sessions of 60 minutes each i.e. 36 hours.

3. Course Content:
Module Topics / Chapters Name No. of %
No. Sessions Weightage
I Companies Act, 2013: Steps and procedure for 7 20%
incorporation of the company, Appointment of
Directors, Powers, duties, & liabilities of Directors,
Company Meetings, Resolutions,

II Law of Contract: Nature of contract and essential 12 20%


elements of valid contract, Offer and Acceptance,
Consideration, Capacity to contract and free
consent, Legality of object. Unlawful and illegal
agreements, Contingent contracts, Performance and
discharge of contracts, Remedies for breach of
contract.
Contracts-II: Indemnity and guarantee, Contract of
Agency: types of agency types of agents, discharge
of agency
III Negotiable Instruments Act - 1881: Negotiable 6 20%
Instruments- Promissory Note, Bills of Exchange, &
Cheque, and their definitions and characteristics,
Types of endorsements, Holder- Holder in due
course, Discharge of Parties.
Sale of goods Act -1930: General Principles,
Conditions & Warranties, and Performance of
Contract of Sale, Auction
IV IPR- Introduction, their major types like Patents, 6 20%
Trademarks, Copyrights, Industrial designs, etc.
Important provisions. With respect to registration,
renewal, revocation, remedies in case of
infringement. IT ACT 2008 (amended): Digital
signature, Cyber Crime ( tactics of hacking.)

V Consumer Protection Act 1986: Introduction, 5 20%


Consumer
& consumer disputes, Consumer protection councils,
Various consumer disputes redressal agencies.
Environment Protection Act 1986, various offences&
penalties, Role of Judiciary, Environment Impact
Assessment (EIA).

Teaching Methods:

The following pedagogical tools will be used to teach this course:


(1) Lectures & Discussions
(2) Case Analysis & Role play /Moot court
(3) Assignments & Presentations
(4) Audio-visual Material

Evaluation:

The students will be evaluated on a continuous basis and broadly follow the scheme
given below:
1. Assignments / Presentations/ Quizzes / Class 30% (Internal Assessment)
Participation etc.
2. Internal Examination (Mid Semester Exam) 20% (Internal Assessment)
3. External Examination (University Exam / End 50% (External Assessment)
Semester Exam)

Basic Text Books:

Sr. Author/s Name of the Publisher Edition


No. Book
T1 N.D. Kapoor Elements of Tata MacGraw 4/e, 2013.
Mercantile Hill
Law
T2 RSN Pillai, Bagavathi Business Law S.Chand 2013
T3 Nina Godbole & Sunit Cyber Wiley India 2012
Belapure Security

Reference Books:
Sr. Author/s Name of the Book Publisher Edition
No.
1 Ravinder Kumar Legal Aspects of Cengage Latest
Business Learning
2 S. S .Gulshan Business Law Excel Books Latest
3 Tejpal Sheth Business Law Pearson Latest
4 K. R. Bulchandani Business Laws for Himalaya Latest Edition
Management

5 Kuchal Business Law Vikas Latest


6 Bare Acts to be used, wherever required.

List of Journals / Periodicals / Magazines / Newspapers etc.:


It is requested that students are taught to understand and appreciate the applications
of various business laws in various managerial functions. This may be ensured by
asking them to study and prepare assignments on different business laws as
applicable to their functions.

Session Plan:

Session No. Topics / Chapters


1 -3 Introduction, Types of Companies, Memorandum & Articles of
Association, Prospectus, Process of Incorporation
4-5 Appointment of Directors, Powers, duties, & liabilities of Directors
6 Company Meetings
7 Resolutions, Winding-up of a Company
8-9 Environmental Laws - Introduction, Major laws like Air pollution,
Water pollution, Environment protection, Powers of Central &
State Governments, various offences& penalties, Role of Judiciary,
Environment Impact Assessment(EIA).
10-13 General Principles of Contract Act-Introduction, Essentials of a
valid contract, Agreement and contract, Types of contracts
14-15 Proposal and Acceptance, Capacity to contract, Free consent
16-17 Performance and discharge of a contract, Remedies on breach of a
contract, Quasi
Contracts.
17-19 Indemnity & Guarantee, Bailment & Pledge, Contract of Agency
20-21 Negotiable Instruments Act – 1881 – Instruments, Types of
Negotiable
instruments and their essential features
22-23 Parties to negotiable instruments, Discharge of parties from
liabilities, Dishonour of Cheques due to insufficiency of funds
24-25 Sale of Goods act, 1930- Contract of sale and its features,
conditions &warranties,
Performance of contract, Rights of an unpaid seller, Breach of
Contract
26-27 Consumer Protection Act, 1986 – Introduction, Consumer &
consumer disputes, Consumer protection councils, various
consumer disputes redressal agencies.
28-29 Intellectual Property Rights (IPRs) - Introduction, Patents Act
Important provisions. With respect to registration, renewal,
revocation, remedies in case of infringement.
30-31 Trademarks Act Important provisions. With respect to
registration, renewal, revocation, remedies in case of
infringement.
32-33 Copyright Act Important provisions. With respect to registration,
renewal, revocation, remedies in case of infringement.
34 Industrial designs Important provisions. With respect to
registration, renewal, revocation, remedies in case of
infringement.
35-36 IT Act 2008 ( amended)- Introduction, Digital Signature, Electronic
Governance,
Cybercrimes and remedies. Electronic records, Controlling and
certifying authority, cyber regulation appellate tribunals