Legal Systems For Business

                                                                     Syllabus

                                       Course Code: 20MBA115

MODULE 1

Sources of Law - Classification of Law, Natural Justice, History of Indian Judicial System, Indian Contract Act 1872: Definition (Sec 2); Essential Elements of a Contract - Offer, Acceptance, Competency to Enter in Contracts (Sec 11 &12); Consent- Free Consent, Coercion, Undue Influence, Fraud, Misrepresentation, Mistake (Sec 13-23);

Legality of Object & Consideration; Types of Contracts; Performance of Contracts; Void Agreement (Sec 24-30); Quasi Contracts, Discharge of Contracts; Consequences of Breach of contract (Sec 73-75) Bailment(S.148 - S.171 & S.180. Salient Features of E-contract, Formation of E-contract and Types.

MODULE 2

The Companies Act 2013 - Characteristics of a Company ;Kinds of Companies; Types of Companies, Formation-S.3, Promoter, Remuneration, Rights & Liabilities of a Promoter, Memorandum of Association (S.4, S.10, S.13), Form, Purpose, Clauses, Alteration. Articles of Association (S.5, S.10, S.14,) Provisions for Membership, Share & Share capital - Distinction between Memorandum & Articles, Incorporation (S.7, S.9,S.12), Prospectus - Public Offer S.25 - S.27, S.30 - S.40;& S.181) Pledge (S.173 - S.179) - Indemnity & Guarantee(S.124, 125 128 - 147) Distinguish Indemnity & Guarantee Laws of Agency Private Offer S.42- Meetings & proceedings; S.173 -S.195 Directors S. 149 - 152,164, 165. Boards Powers and Restrictions; S. 179, 180. Lifting of Corporate Veil. Doctrine of Ultra Vires, Winding up of Companies – Modes S.270, 271, 304,

MODULE 3

The Indian Partnership Act, 1932- Types of Partnerships and Types of Partners, Test of Partnership, Partnership Deed, and Property of the Firm, Limited Liability Partnership.

Negotiable Instrument - Characteristics of Negotiable Instrument Presumption; Promissory Notes, Bills of Exchange & Cheques- Negotiation (Sec 46 to 60); Crossing of Cheque & Dishonour of Cheque (Sec 138 to 142).

Cyber Law - Overview of Cyber Law, Salient Features of the IT Act, 2000, Cybercrime, Intellectual Property Rights.

MODULE 4

Sale of Goods Act (1930), (Sec 2 - 11) Conditions and Warranties; (Sec12 - 17, 59) Rights of an Unpaid Seller. (S.45 - S.58) Title to Goods - (S.27 - 30)-Rights & Duties of Buyer & Seller; (S.31 - 44).

Consumer Protection Act (1986): Consumer Dispute, Restrictive Trade Practices, Unfair Trade Practices; Central Consumer Protection Council, State Consumer Protection Council; Consumer Redressal Forum.

MODULE 5

Industrial Disputes Act, 1947- Award and Settlement- Industrial Dispute- Workman Strikes and Lock-out: Lay-off - Retrenchment-Closure - Unfair Labour Practices and Role of Government.

The Minimum Wages Act, 1948- Fixation of Minimum Rates of Wages- Working Hours and Determination of Wages and Claims.

Factories Act, 1948- Essential Features, Safety, Health and Welfare Measures.

The Sexual Harassment of Women at Workplace (Prevention, Prohibition, and Redressal) Act, 2013- overview.