Management Studies(B)
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Home > Business Legislations

Business Legislations [1]

Paper Code: 
MHR 226
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

The objective of this course is to acquaint the students with the concepts of The Indian Contract Act, Partnership Act and Companies Act

12.00

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.

12.00

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

12.00

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

12.00
Unit IV: 
Unit IV

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)

12.00
Unit V: 
Unit V

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.

Essential Readings: 
  • Aggarawaal, Rohini, Students' guide to mercantile & Commercial Laws, Taxmann Allied Services Pvt. Ltd, New Delhi
  • Kapoor, N D, Elements of Mercantile Law, Sulatan Chand & Sons, New Delhi
  • Tulsian, PC, Business Laws, Tata McGraw-Hill Publishing Comapny, New Delhi, 2006
  • Singh Avtaar, Indian Company Laws, Eastern Book Company
References: 
  • Singh, Nirmal, Business Laws, Deep & Deep Publications Pvt. Ltd., New Delhi
  • Gulshan SS, Business Laws, Excel Books, New Delhi
  • Krishnamurti DSR, Comapny Laws, Taxmann, New Delhi, 2007
Academic Year: 
2018-2019 [2]

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Source URL: https://managementb.iisuniv.ac.in/courses/subjects/business-legislations-0

Links:
[1] https://managementb.iisuniv.ac.in/courses/subjects/business-legislations-0
[2] https://managementb.iisuniv.ac.in/academic-year/2018-2019