Business Legislations

Introduction to Contract: Meaning of contract, Important definitions ( Sec 2a to Sec 2j), Valid essentials of contract, difference between agreement and contract, classification of contracts.

Proposal: Meaning of proposal, legal rules as to the offer Acceptance: Legal rules as to acceptance

Contractual capacity: meaning, Minors (effects of Minor's agreements), Person of unsound mind (meaning, types and effects), persons disqualified by laws.

Consideration: meaning, legal rules, contract without consideration is void, doctrine of privity of contract and exceptions, Legality of object and considerations

Void agreements: meaning and types

Contingent contracts: Meaning, valid essentials, rules as to the enforcement of contingent contract

Performance of contract: Meaning , modes of performance

Discharge of contract: meaning and modes of discharge of contract, types of breach of contracts. Remedies of breach of contract

Specific Contracts: Contract of indemnity and guarantee: Meaning and Essentials

Bailment: meaning, valid essentials, termination of bailment

Pledge: meaning, essentials

Contract of Agency: meaning, essentials, creation and termination of agency

Partnership Act 1932: meaning, nature of partnership firm, partnership deed, Registration, types of partners, mutual rights and duties, reconstitution of the firm, dissolution of firm

Companies Act 1956:

Definition, essential characterstics and classification of companies, private companies-privilages and concessions to private companies, lifting of corporate veil, Incorporation and formation of a company.

New Amendments 2013 (main provisions)

Memorandum of association, articles of association, prospectus, Statement in lieu of prospectus

Concept of shares, types of shares ( Equity shares, Preference shares), debentures, types of debentures

Winding up of companies (Voluntary, under court's supervision, compulsory by the court)

*Case studies related to entire topics are to be taught.