Business Laws

Paper Code: 
BCP-115
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

Course Objectives:

  • To develop an understanding of significant provisions of select business laws and acquire the ability to address basic application-oriented issues.

 

Course Outcomes (COs):

Course

Learning outcome (at course level)

Learning and teaching strategies

Assessment Strategies

Paper Code

Paper Title

BCP-115

Business Laws
  • CO 31 To provide an understanding of basic concepts and laws of business.
  • CO 32 Awareness about the aspects of the business law.
  • CO 33 Identify the law relating to Sales of Goods acts 1930, the Indian Partnership Act 1932.
  • CO 34 Identify the fundamental legal principles behind contractual agreements.
  • CO 35 Acquire problem solving techniques and to be able to present coherent, concise legal arguments.

Approach in teaching:

Interactive Lectures, Discussion, Tutorials, Reading assignments, Interactive White Board, Incorporating technology in teaching

Learning activities for the students:

Self learning assignments, Effective questions

Class test, Semester end examinations, Quiz,  Assignments, Class interaction, Presentation, Case study analysis, Open ended questions, think-pair-share, Socratic seminar

 

12.00
Unit I: 
-
  • The Indian Contract Act, 1872: An overview of Sections 1 to 75 covering the general nature of contract, consideration, other essential elements of a valid contract, performance of contract, breach of contract, Contingent and Quasi Contract.

 

12.00
Unit II: 
-
  • The Sale of Goods Act, 1930: Formation of the contract of sale, Conditions and Warranties, Transfer of ownership and delivery of goods, unpaid seller and his rights.

 

12.00
Unit III: 
-
  • The Indian Partnership Act, 1932: General Nature of Partnership, Rights and duties of partners, Reconstitution of firms, Registration and dissolution of a firm.

 

12.00
Unit IV: 
-
  • The Limited Liability Partnership Act, 2008: Introduction-covering nature and scope, Essential features, characteristics of LLP, Incorporation and differences with other forms of organizations

 

12.00
Unit V: 
-
  • The Companies Act, 2013: Essential features of company, corporate veil theory, Classes of companies, types of share capital, Incorporation of company, Memorandum of Association, Articles of Association, and Doctrine of Indoor Management.

 

References: 
  • Study Material Published by Institute of Chartered Accountants of India
  • 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.
  • Nolakha, R. L., Business Laws, Ramesh Book Depot, Jaipur
  • Datey, V.S., Business and Corporate Laws, Taxmann Allied Services Pvt. Ltd., New Delhi
  • Singh, Nirmal, Business Laws, Deep & Deep Publications Pvt. Ltd., New Delhi
  • Gulshan, S. S., Business Law, Excel Books, New Delhi

 

 

Note: If new legislations are enacted in place of the existing legislations, the syllabus would include the corresponding provisions of such new legislations with effect from a date notified by the IIS University

Academic Year: 
2020-2021
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