Business and Commercial Laws

Paper Code: 
BCS 317
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

To acquire knowledge of practical and procedural aspects relating to business and commercial Laws.

9.00
Unit I: 

Consumer Protection Act, 1986:

Consumer Protection in India; Rights of Consumers; Consumer Dispute Redressal Forums;

Nature and Scope of Remedies.

Essential Commodities Act, 1955:

Essential Commodities; Powers of Central Government; Authorities responsible

to administer the Act; Delegation of powers; Nature of Order passed under the Act; Seizure and

Confiscation of Essential Commodities; Offences by Companies.

Legal Metrology Act, 2009:

Standard weights and measures; Power of inspection, seizure; Declarations on pre-packaged

commodities; Offences and penalties.

 

13.00
Unit II: 

Transfer of Property Act, 1882:

Types of Properties; Properties which cannot be Transferred; Rule Against Perpetuities; Lis

Pendens; Provisions Relating to Sale; Mortgage, Charge, Lease, Gift and Actionable Claim;

Specific Performance.

Real Estate (Regulation and Development) Act, 2016:

Registration of Real Estate Project; Real Estate Agents; Real Estate Regulatory Authority; Central

Advisory Council; The Real Estate Appellate Tribunal; Offences, Penalties and Adjudication.

Specimen Agreement for Sale between the Promoter and the Allottee; Due Diligence Reporting.

 

9.00
Unit III: 

Benami Transaction Prohibitions (Act): Benami Property; Benami Transaction, Prohibition of

Benami Transaction; Authority, Adjudication of Benami property.

Prevention of Money Laundering:

Problem and adverse effect of money laundering; Methods of money laundering; Offence of

money laundering; Attachment, adjudication and confiscation.

 

7.00
Unit IV: 

Indian Contracts Act, 1872:

Essential elements of a Valid Contract; Indemnity and Guarantee; Bailment and Pledge; Law of

Agency; E-Contract; Landmark judgments.

Negotiable Instrument Act, 1881:

Negotiable Instruments and Parties; Material Alteration; Crossing and bouncing of Cheques;

Dishonour of Cheques& its Remedies; Presumption of Law as to Negotiable Instruments;

Landmark judgments.

 

7.00
Unit V: 

Sale of Goods Act, 1930:

Essentials of a Contract of Sale; Sale Distinguished from Agreement to Sell, Bailment, Contract

for Work and Labour and Hire-Purchase; Conditions and Warranties; Doctrine of Caveat Emptor;

Performance of the Contract of Sale; Landmark judgments.

Partnership Act, 1932:

Rights and Liabilities of Partners; Registration of Firms; Dissolution of Firms and Partnership;

Landmark; Judgments; Specific Relief Act, 1963:Specific reliefs and defense; specific

performance and defense; unenforceable contracts; Rescission of Contracts; Cancellation of

Instruments; Declaratory Decrees; Preventive Reliefs.

 

References: 
  1. Study Material Published by ICSI
  2. Scanner: Arun Kumar (ShuchitaPrakashans P Ltd)