Business Legislation

Course ID
MG 204
Level
Undergraduate
Program
BMS
Semester
Second
Credits
6.0
Paper Type
Generic Elective
Method
Lecture & Tutorial

Unique Paper Code: 61015922

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.

Learning Outcomes:

At the end of the course, students should be able to:

  • To develop awareness of legal rights and duties from the business point of view.
  • To explain practical aspects of implementing and adherence of various laws affecting the business.
  • To enhance critical thinking through the use of law cases.

Course Contents

Unit I
Unit II
Unit III
Unit IV

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.

References:

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.

References:

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.

References:

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.

References:

Kucchal M.C.& Kucchal Vivek. Business Legislation for Management. Vikas Publishing House (P) Ltd: Part VIII & Part XII

Additional Information

Text Books


Kucchal M.C. Business Law/Mercantile Law. Vikas Publishing .House (P) Ltd.
Kucchal M.C. & Kucchal Vivek. Business Legislation for Management. Vikas Publishing House (P) Ltd.
Kapoor G. K. & Dhamija Sanjay. Company Law and Practice-A comprehensive text book on Companies Act 2013.Taxmann.

Additional Readings


Singh Avtar. Principle of Mercantile Law. Eastern Book Company
Kapoor Gulshan. Business Law. New Age International Pvt Ltd Publishers.
Maheshwari & Maheshwari. Principle of Mercantile Law. National Publishing Trust
Aggarwal Rohini. Mercantile & Commercial Law.Taxmann.

Teaching Learning Process

Lectures, Discussion with decided cases, new trends in judgements, Rationale behind new laws and amendments.

Assessment Methods

Assessment Methods: Internal Assessment: 25 Marks
Written Theory Exam: 75 Marks

Keywords

Contract, Goods, Negotiable Instruments, LLP, Company, Bankruptcy, Digital Signature, Electronic Governance

Disclaimer: Details on this page are subject to change as per University of Delhi guidelines. For latest update in this regard please refer to the University of Delhi website here.

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