Legal and Business Environment | MBA 1st Sem | JNTUK

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                                                                                    C-105: LEGAL AND BUSINESS ENVIRONMENT

Unit-I

Introduction: Concept of Business Environment-Definition-Characteristics-Environmental Factors, Importance at National and International Level – Problems and Challenges – Environmental Scanning: Importance, Process of Scanning- NITI Aayog: It’s Role in Economic Development of India- Technological Environment: Features, Its Impact on Business, Restraints on Technological Growth.

Unit-II

Economic and Political Environment: Concept-Definition of Economic Environment-Economic Systems- Relative Merits and Demerits of each Systems-Economic Policies-Monetary-Fiscal - Industrial Policies SinceIndependence and their Significance – Regulatory and Promotional Framework . Structure of Indian Economy- Nature and Significance. Economic Planning- Objectives, Merits, Limitations - Concept and Meaning of Political Environment.

Unit-III

Legal Environment: - Business Law: Meaning, Scope and Need for Business Law - Source of Business Law - Indian Contract Act 1872: Its Essentials, Breach of Contract and Remedies. Intellectual Property Rights. Negotiable Instruments Act 1881.

Unit-IV

Company Act 2013: Memorandum and Alteration of Articles of Association-Partnership Act 1932: Duties of Partners- Dissolution of Partnership-Information Technology Act 2000: Digital signature-Cyber Frauds.

Unit-V

Miscellaneous Acts: Sales of Goods Act 1930-Sale - agreement to Sale – Implied Conditions and Warranties- Consumer Protection Act 1986- Competition Act- Environment (Protection) Act 1986- Foreign Exchange Management Act (FEMA).

 Relevant cases have to be discussed in each unit and in examination case is compulsory from any unit.