Coming soon
BUSINESS LEGISLATIONS
This course will enable the students to critically evaluate and demonstrate a comprehensive understanding of corporate regulatory frameworks, such as the Companies Act, 2013, including its objectives, provisions for corporate governance, accountability, transparency, and their practical implications on corporate operations and regulatory compliance.
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Learning outcome (at course level) |
Learning and teaching strategies |
Assessment Strategies |
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Course Code |
Course title |
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24MBAS123 |
Business Legislations (Theory) |
CO13: Assess the significance of each essential element in forming a valid contract CO14: Examine different types of contracts and its effectiveness in contractual context CO15: Evaluate the principles outlined in the sales of goods act, 1930 CO16: Analyze the distinct features and advantages of partnership firms and LLP’s CO17: Assess the key features of the companies act, 2013 for corporate operations and regulatory compliance CO18: Contribute effectively in course-specific interaction. |
Approach in teaching: Interactive Lectures, Group Discussion, Tutorials, Case Study Learning activities for the students: Self-learning assignments, presentations |
Class test, Semester end examinations, Quiz, Assignments, Presentation |
Indian Contract Act,1872
Contract: - Meaning of contract, Types, Essentials of Valid Contract,
Void agreements: Meaning, Types. Proposal and Acceptance: Meaning, legal rules as to the offer
Contractual capacity: Meaning, Minors (effects of minor’s agreements), Person of unsound
mind, Free consent.
Consideration: Meaning, legal rules, privity of contract, Legality of object.
Contingent contracts: Meaning, Valid essentials, Rules as to the enforcement of contingent contract
Performance of contract: Meaning, Modes of performance,
Discharge of contract: modes of discharge of contract, Remedies and types of breach of contract. Contract of Indemnity and Guarantee, Contract of Bailment and Pledge, Quasi Contracts Contract of Agency: meaning, essentials, creation and termination of agency
Sales of Goods Act, 1930
Contract of sale, Meaning and difference between sale and agreement to sell, Conditions and warranties,
Transfer of ownership in goods including sale by non-owners, Performance of contract of sale,
Unpaid seller- meaning and rights of an unpaid seller against the goods and the buyer.
Partnership Act 1932:
Meaning, nature of partnership firm, partnership deed, Registration, types of partners, Mutual Rights and duties, reconstitution of the firm.
Limited Liability Partnership Act, 2008:
Silent features of LLP, Preliminary, Nature of LLP, Incorporation of LLP Partnership and Incidental Matters, Partners and their relations, Extent and limitation of LLP and ITS Partners, Financial Disclosures, Winding up and Dissolution.
Companies Act, 2013:
Formation of company, Incorporation, MOA, AOA, Prospectus, Statement in lieu of prospectus, Shares, Debentures, Appointment, Directors and Powers, Meetings- Proceedings, Winding up (Voluntary, under court’s supervision), Silent Features of Companies Act 2013. *Case studies related to entire topics are to be taught.
- Singh Avtar, Indian Company Law, Eastern Book Company
- Aggarawal, Rohini, Student’s guide to Mercantile & Commercial Laws, Taxmann Allied Services Pvt. Ltd., New Delhi.
Suggested Readings:
- Kapoor, N. D., Elements of Mercantile Law, Sultan Chand & Sons, New Delhi
- Tulsian, P. C., Business Law, Tata McGraw-Hill Publishing Company, New Delhi, 2006.
E-resources:
- Asian Journal of Management Cases, http:// sagepub.com
- South Asian Journal of Business and Management Cases, http:// sagepub.com
Journals:
- Harvard Business Review
- Nirma University Journal of Business & Management Studies
