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Industrial Law

In: Business and Management

Submitted By devip
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LEGAL ASPECTS OF BUSINESS

Credit Units: 03

Course Objectives
To give insight to various Legal Aspects of Business so that the students are able to interpret the provisions of some of the important laws and apply the same in commercial and industrial enterprises.

Course Contents

Module I: Indian Contract Act, 1872
Nature and kinds of Contracts, Concepts related to offer, Acceptance and Consideration, Principles Governing Capacity of Parties and Free Consent, Legality of Objects, Performance and Discharge of Contract, Breach of Contract and its Remedies,Special contracts of Bailment and Pledge, Indemnity and Guaratnee, Contract of Agency.

Module II: Sale of Goods Act, 1930
Sale and Agreement to Sell, Hire Purchase – Pledge – Mortgage – Hypothecation Lease.Goods – Different types of Goods, Passing of Property in Goods, Conditions and Warranties, Doctrine of Caveat emptor, Rights of an unpaid Seller.

Module III : Negotiable Instruments Act, 1881
Meaning of Negotiability and Negotiable Instruments – Cheques Bill of Exchange and Promissory Note – Crossing of Cheques – Endorsement – Dishonour of Cheques.

Module VI: Company Law
Companies Act, 1956-Meaning and types of companies, Formation of a company, Memorandum and Articles of Association, Share Capital and Shareholders, Prospectus and Issue of Shares, Buy Back of Shares, Debentures, Company Meetings and Proceedings, Powers, Duties, Liabilities of Directors and Winding up of Company.

Module V: Indian Partnership Act, 1932
Meaning and definitions, Registration of partnerships, Types of partners, Dissolution, Limited Liability Partnership Act, 1932 – Meaning & definitions, Meaning of designated partner, Registration of LLP, Types of partners, Dissolution

Module VI : Intellectual Property Laws (IPR)
Overview of Law & Procedure relating to Patents, Trade marks & Copyrights, Infringement

Examination Scheme

|Components |CPA |TP |Q/S |A |ME |EE |
|Weightage (%) |5 |5 |5 |5 |10 |70 |

References

• Gulshan SS (2003), Elements of Mercantile Law, Excel Books, N. Delhi. • Kuchhal MS (2010),Business Law, Vikas Publication • Tulsian PC,(2002), Relevance of Business Law,Tata McGraw Hills. • Singh Avtar,(2006),Elements of Mercantile Law,S.Chand & Sons.…...

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