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Contact Hours: 
90.00
Max. Marks: 
100.00
Objective: 

To acquire knowledge of practical and procedural aspects relating to Business and Commercial Laws.

BCS 213

 

Economic, Business and Commercial Laws

 

CO 35: Identifying the  meaning  of  Law  and  its  Significance;  Relevance  of  Law  to  Modern  Civilized  Society.

CO 36:Explaining the meaning  and  Nature  of  Company;  Promotion  and  Incorporation  of  a  Company;

CO 37:Familiarization  with  the  Concept  of  Board  of  Directors,  Shareholders  and  Company Meetings etc

CO 38:Moderating Nature  of  Partnership  and  Similar  Organizations-Co-Ownership,  HUF;  Partnership Deed, Dissolution of Firms and of the Partnership; Limited Liability Partnership Act. Getting overall understanding about special features negotiable instruments, information technology act along with roles and responsibilities of a Company Secretary

CO 39:. Acquaintance with RBI and its functioning. Knowledge about NBFC and their working , various remittance schemes and foreign trade policy and procedures.

 

Learning Startegies:
1. Reading and Surfing the various websites for various bare acts.
2. Preparing PPTs on recent amendments in various acts.
3. Discussions on various case studies relating to the laws.
Teaching Strategies:
1. Self learning assignments.
2. Reading Students Secretary
3. Seeing

1. Evaluation of PPT's
2. Quizzes
3. CA Test
4. Assignments
5. End Term Test

 

21.00
Unit I: 
Reserve Bank of India Act, 1934

Reserve Bank of India Act, 1934: Central Banking functions; Monetary policy; Penalties.

Foreign Exchange Management Act, 1999 :Introduction

Foreign Exchange Transactions & Compliances: Current and Capital Account Transactions; Acquisition &Transfer of Immovable Property in India and Abroad; Realization and Repatriation of Foreign Exchange; Brief information of other FEMA Regulations.

Foreign Contribution (Regulation) Act, 2010: Introduction and Object, Eligible Contributor, Eligible Receiver, Registration, Offences and Penalties.

Foreign Direct Investments – Regulations & FDI Policy: Automatic and Approval Route of FDI; Setting up of Subsidiary/Joint Venture/Liaison Office/ Branch Office by Non-residents; Foreign Portfolio Investments.

Overseas Direct Investment: ODI Policy, foreign currency remittances, Setting up of Subsidiary/Joint Venture/Branch Office

 

20.00
Unit II: 
Liberalized Remittance Scheme

Liberalized Remittance Scheme: Investment Outside India by Indian Residents.

External Commercial Borrowings (ECB): An Overview.

Foreign Trade Policy & Procedure: Merchandise Exports from India Scheme (MEIS); Service Exports from India Scheme (SEIS); Duty exemption / remission schemes; Export oriented units (EOUS); Electronics Hardware Technology Parks (EHTPS); Software Technology Parks (STPS); Bio-Technology Parks (BTPS).Imports and related policies.

Non Banking Finance Companies(NBFCs): Definition; Types; Requirement of Registration as NBFC and exemptions from registration as NBFC; Micro Finance Institutions, Activities of NBFCs; Compliances by the NBFCs and requirements of approvals of RBI; Deposit Accepting and Non-deposit Accepting NBFCs; Deemed NBFC; Core Investment Company and Systemically Important Core Investment Companies; Peer to Peer Lending; Defaults, Adjudication, prosecutions and penalties.

Special Economic Zones Act, 2005: Establishment of Special Economic Zones; Approval and Authorization to Operate SEZ; Setting up of Unit; Special Economic Zone Authority.

 

19.00
Unit III: 
Competition Act, 2002

Competition Policy ; Anti-Competitive Agreements; Abuse of Dominant Position; Overview of Combination and Regulation of Combinations; Competition Advocacy; Competition Commission of India; Appellate Tribunal

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.

 

18.00
Unit IV: 
Transfer of Property Act, 1882

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.

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.

Specific Relief Act 1963 : Specific reliefs and defense; specific performance and defense; unenforceable contracts; Rescission of Contracts; Cancellation of Instruments; Declaratory Decrees; Preventive Reliefs.

 

12.00
Unit V: 
Partnership Act, 1932:

Partnership Act, 1932: Rights and Liabilities of Partners; Registration of Firms; Dissolution of Firms and Partnership; Landmark judgments.

Indian Contracts Act, 1872: Essential elements of a Valid Contract; Indemnity and Guarantee; Bailment and Pledge; Law of Agency; E-Contract; Landmark judgments.

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.

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.

 

References: 

1. Study Material Published by ICSI

2. Scanner-Arun Kumar(ShuchitaPrakashans(P) Ltd)

 

Academic Year: