Coming soon
Business Laws
To develop an understanding of significant provisions of select business laws and acquire the ability to address basic application-oriented issues.
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.
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.
The Indian Partnership Act, 1932: General Nature of Partnership, Rights and duties of partners, Reconstitution of firms, Registration and dissolution of a firm.
The Limited Liability Partnership Act, 2008: Introduction-covering nature and scope, Essential features, characteristics of LLP, Incorporation and differences with other forms of organizations
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.
Reference books:
1. Study Material Published by Institute of Chartered Accountants of India
2. Kapoor, N. D., Elements of Mercantile Law, Sultan Chand & Sons, New Delhi
3. Tulsian, P. C., Business Law, Tata McGraw-Hill Publishing Company, New Delhi, 2006.
4. Nolakha, R. L., Business Laws, Ramesh Book Depot, Jaipur
5. Datey, V.S., Business and Corporate Laws, Taxmann Allied Services Pvt. Ltd., New Delhi
6. Singh, Nirmal, Business Laws, Deep & Deep Publications Pvt. Ltd., New Delhi
7. 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
