Legal and Business Environment (Micro and Macro)

Syllabus

 MB 104: LEGAL AND BUSINESS ENVIRONMENT (MICRO & MACRO)

Module I: Legal Environment                                                                                       

1) Legal Aspects of Business: Society, State and Law, Enforceability of Law, Mercantile Law.      

2) Indian Contract Act, 1872: Contract Defined, Elements of Valid Contract, Classification of Contracts, Offer and Acceptance, Consideration, Capacity to Contracts, Free Consent, Legality of Object and Consideration, Illegal Agreements, Termination of Contracts, Breach of Contract, Indemnity and Guarantee, Laws of Agency.          

3)Sale of Goods Act, 1930: Classification of Goods, Conditions & Warranties, Passing of Ownership Rights, Rights of an Unpaid seller, Remedies for Breach of Contract of Sale of Goods.                                      

4) Negotiable Instruments Act, 1881: Definition and Characteristics of Different Types of Negotiable Instruments, Parties to a Negotiable Instrument and their Capacity, Dishonour of Cheques, Discharge from Liability, Crossing of Cheques, Bank drafts and Banker’s Cheques.                                                                        

5) Companies Act, 1956: Nature and Kinds of Companies, Formation, Memorandum, Articles, Prospectus, Capital – Shares, Debentures, Borrowing Powers, Minimum Subscription, Appointment of Directors; Winding up of Companies (Including Amendments)                                                

6) Consumer Protection Act, 1986: Salient Features and Objectives of the Consumer Protection Act, 1986, Different Consumer Redressal Forums, Composition and Jurisdiction of District, State and National Forum, Mode of Complaints, Procedures for Disposal of Complaints, Penalty.                                          

7) Intellectual Property Right: Laws Relating to Patents (Patent Act, 1970), Trademarks (Trademark Act, 1999), Copyright (Copyright Act, 1957), Geographical Indications (Registration & Protection) Act, 1999. 

Module II: Business Environment                                                                                  

8)Economic Indicators: Consumer Price Index, Interest Rate, Inflation Rate and its impact on Business, Business Risk [4L]

9) Intellectual Property Regime (WTO Guidelines) [2L]

10) Legislation for Anti competitive and Unfair Trade Practice:  Objectives of MRTP Act,

1969, Objectives of Competition Act, 2002, Monopolistic Trade Practice, Anti competitive

Agreement, MRTP vs Competition Act [4L]