\ Course: Business Law MBA- Executive 2017-18 Credits 3 Faculty Name Dr. S.P. Das Programme MBA 2017-18 Academic Year and Term 2017-18, Term-I 1. Course Description The dictum "Ignorance of Law is no excuse" suggests that every person is presumed to have a knowledge of applicable Law. It is essential for all business executives to have a basic knowledge of some of the important law which are applicable to their respective area of operation. Business Law comprises a set of laws concerning the business and commerce which would enable managers to ensure legal compliance and take better decisions. 2. Course Objectives To familiarize the students with principal laws regulating business and to enable the students to interrupt various legal provisions regulating business and learn applying them through an exposure to case made laws. This Course would also equip the student with minimum legal framework for starting a business venture and running it successfully in conformity with legal parameters. 3. Course Contents Scope and Subjects Matter of Business Law; Indian contracts Act of 1872-Void, Voidable, Illegal and Unlawful Agreements; Rules Regarding offer and Acceptance; Competence of • Parties to contract; Legality of Objects and consideration; Contingent and Quassi- contracts; Performance, Termination, Breach of Contract and Remedies; Indian Companies Act of 2013 - Basic Characteristics and Classes of Company, Procedure of Incorporation, Certificate of Commencement of Business, Memorandum of Association and Articles of Association, Doctrine of Indoor Management ,Prospectus and Statements in lieu of Prospectus, Share Capital Membership, Management of Company, Qualification, Appointment, Remuneration and Renewal! Removal of Directors, Legal Position, Powers and Duties of Directors, other Managerial Personnel, Meetings and Proceedings, Loans and borrowings, Negotiable Instruments Act, 1881, Sales of Goods Act of 1930- Conditions and warranties, Rights and Duties of Seller and Buyer, Agency; Consumer protection Act 1986 Intellectual Property Rights.
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Course: Business Law
MBA- Executive 2017-18
Credits 3Faculty Name Dr. S.P. DasProgramme MBA 2017-18Academic Year and Term 2017-18, Term-I
1. Course Description
The dictum "Ignorance of Law is no excuse" suggests that every person is presumed to havea knowledge of applicable Law. It is essential for all business executives to have a basicknowledge of some of the important law which are applicable to their respective area ofoperation. Business Law comprises a set of laws concerning the business and commercewhich would enable managers to ensure legal compliance and take better decisions.
2. Course Objectives
To familiarize the students with principal laws regulating business and to enable thestudents to interrupt various legal provisions regulating business and learn applying themthrough an exposure to case made laws. This Course would also equip the student withminimum legal framework for starting a business venture and running it successfully inconformity with legal parameters.
3. Course Contents
Scope and Subjects Matter of Business Law; Indian contracts Act of 1872-Void, Voidable,Illegal and Unlawful Agreements; Rules Regarding offer and Acceptance; Competence of•Parties to contract; Legality of Objects and consideration; Contingent and Quassi-contracts; Performance, Termination, Breach of Contract and Remedies; Indian CompaniesAct of 2013 - Basic Characteristics and Classes of Company, Procedure of Incorporation,Certificate of Commencement of Business, Memorandum of Association and Articles ofAssociation, Doctrine of Indoor Management ,Prospectus and Statements in lieu ofProspectus, Share Capital Membership, Management of Company, Qualification,Appointment, Remuneration and Renewal! Removal of Directors, Legal Position, Powersand Duties of Directors, other Managerial Personnel, Meetings and Proceedings, Loans andborrowings, Negotiable Instruments Act, 1881, Sales of Goods Act of 1930- Conditions andwarranties, Rights and Duties of Seller and Buyer, Agency; Consumer protection Act 1986Intellectual Property Rights.
4. Tentative Session Plan
Session Topic/Issues to be discussed Reading Materials1 Indian Contracts Act of 1872: Nature of Contract, Relevant chapter of
Essential elements of Contract, Type of Contracts: the Text Book &Void and Voidable, Illegal and Unlawful Cases.Agreements;Offer and Acceptance, Consideration.
2 Competence of Parties, Free Consent, Legality of ............do .............Object.
3 Performance of Contract, Discharge of Contract ...........do ..............and Remedies for Bread of Contract.
4 Contingent and Ouasi-Contracts, Bailment ..........do ...............5 Indemnity and Guarantee6 Agency, Creation of Agency, Rights and Duties of ...........do .............
Principal and Agent.7-8 Sales of Goods Act of 1930-Conditions and ............do .............
Warranties I Rights and Duties of Seller and Buyer,Transfer of Property
9-10 Negotiable Instruments Act, 1881 ...........do ..............11 Companies Act of 2013: Formation, Types, ............do ............
Company Vs Partnership, Lifting of Corporate veil12 Memorandum and Articles of Association:
Contents, Alteration13 Prospectus, share and Share Capital, Alteration of ............do ............
Share Capital, Debt Capital14 Management of C0rlJpanYI Oualificatlon, ..........do ............
Appointment, Remuneration and Renewal!Removal of Directors, Legal Position, Powers andDuties of Directors, Other Managerial Personnel
15 Meetings. Proceedings and Resolutions ..........do ............16-17 Consume Protection Act :Rights of Consumer, ..........do ...........
Grievance Reversal Machinery18-19 Intellectual Property Right ...........do .........20 Summing Up
5. Student learning Outcomes• Be able to understand principal laws regulating business.
• Be able to interpret various legal provisions and learn how to apply them through anexposure to case made laws.
• Be able to learn as to how to start a business venture and run it successfully inconformity with legal parameters.
6. Required Text Booksand reading Material
The recommended text book is:
Legal Aspects of Business 3e by Ravinder Kumar of CENGAGE Learning
Other Reference books include
1. Elements of Mercantile Law by N.D Kapoor, S. Chand, New Delhi2. A Manual of Business Law by S N Maheshwari and S K Maheswari, HPH3. The Companies Act, 20134. Legal Aspects of Business by Daniel Albuquerque
7. Evaluation
It shall be done through term examinations, class participation and quizzes. All evaluationwill be under closed book System. Weightage for different components is as under.
Evaluation WeightageComponent •A. QUIZZES 20%
B. Mid Term 40%C. End Term 40%
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