ECONOMIC AND COMMERCIAL LAWS-II

Paper Code: 
BCS 313
Credits: 
03
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

To acquire knowledge and understanding of Economic and Commercial Laws.

9.00
Unit I: 
Law relating to Contract

• Contract – Introduction

• Legality of Objects

• Standard Form of Contract

• Multinational Agreement

• E-Contracts

• Strategies and Constraints to enforce Contractual Obligations

• Special Contracts: Indemnity and Guarantee; Bailment and Pledge; Law of Agency

9.00
Unit II: 
Prevention of Money Laundering

• Genesis

• Prevention of Money Laundering Act, 2005

• Concept and Definitions, Various Transactions, etc.

• Obligations of Banks and Financial Institutions

• RBI Guidelines on KYC

Law relating to Essential Commodities, Weights and Measures

• Overview of Essential Commodities Act, 1955

• Objects

• Powers of Central Government

• Seizure and Confiscation of Essential Commodities

• Summary Trial

• The Legal Metrology Act, 2009

9.00
Unit III: 
Law relating to Societies

• General Concept Relating to Registration of Societies

• Property of Societies

• Suits by and against Societies

• Enforcement of Judgment against Societies

• Dissolution of Societies

Law relating to Trusts

• General Concept relating to Trusts

• Creation of Trust

• Duties and Liabilities of Trustees

• Rights and Powers of Trustees, Disabilities of Trustees

• Rights and Liabilities of the Beneficiary

9.00
Unit IV: 
Industries Development and Regulation

• Objects and Definitions

• An Overview of Industrial Policy

• Regulatory Mechanism under IDRA

• The Micro, Small and Medium Enterprises Development Act, 2006

 

Law relating to Pollution Control and Environmental Protection

• Concept of Sustainable Development and Bio Diversity

• Government Policy Regarding Environment

• Law Relating to Prevention and Control of Air Pollution and Water pollution

• Environment (Protection) Act, 1986

• National Green Tribunal

• Appearance before Environment Tribunal/Authority

• Public Liability Insurance Act, 1991

9.00
Unit V: 
Law relating to Registration of Documents

• Registration of Documents – Compulsory and Optional

• Time and Place of Registration

• Consequences of Non-Registration

• Description of Property

• Miscellaneous Provisions

References: 
  1. Study Material Publsihed by ICSI
  2. Scanner-Arun Kumar (Suchitra Prakashan (P) Ltd
  3. Competition Law Today- Vinod Dhall(Concepts, Issues and the Law in Practice, Oxford University Press, New Delhi)
  4. Competition Law in India-T Ramappa (Policies, Issues and Developments, Oxford University Press New Delhi)
  5. Consumer Protection Act & Rules-Kuldeep Saxena(Law Links)
  6. Handbook of Industrial Law-N.D Kapoor (Sultan Chand & Sons, New Delhi)
  7. Guide to new industrial polices-Rajiv Jain(India Investment Publications)
  8. Economic labour and Industirla Laws- N.D Kapoor(Sultan Chand & Sons, 23 Darya Ganj New Delhi)
  9. Journal Student Company Secretary (The ICSI New Delhi)

 

Academic Year: 
2015-2016
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