Annexure ‘‘AAB-CD-01’ Course Title: Legal Aspects of Business Course Code: LAW670 L T P/S SW No. of PSDA TOTAL CREDIT UNITS 3 0 0 0 3 3 Credit Units: 03 Level: PG (*L- Lecture *T – Tutorial *P – Practical *SW – Self work *FW – Field work *PSDA - Professional Skill Development Activities) Course Objectives: This course aims to develop in the student an understanding of the core principles of the laws that regulate business organisations. Course would develop the independent and individual skills needed for students to take their knowledge further, and to apply it in practice in industry, or business environment. Prerequisites: Fundamental knowledge of the Indian Legal framework and current legal issues faced by the businesses Course Contents/Syllabus: 1 2 3 4 Descriptors/Topics Weightage (%) Module I: Commercial Laws • Indian Contract Act: Definition of contract, Nature and kinds of Contracts, essentials elements and types of a contract, Formation of a contract, 20% performance of contracts, breach of contract and its remedies. Principles Governing Capacity of Parties and Free Consent, Legality of Objects, Performance and Discharge of Contract, Breach of Contract and its Remedies, Quasi contracts, Special contracts of Bailment and Pledge, Indemnity and Guarantee, Contract of Agency: Nature of agency, Creation and types of agents, Authority and liability of Agent and principal: Rights and duties of principal and agents, termination of agency. • 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. • Negotiable Instruments Act, 1882: Meaning of Negotiability and Negotiable Instruments, Nature and requisites of negotiable instruments, Types of negotiable instruments, Cheques Bill of Exchange and Promissory Note –liability of parties, holder in due course, special rules for Cheque and drafts, Crossing of Cheques – Endorsement – Dishonour of Cheques, discharge of negotiable instruments. Module II: Partnership 20% • Indian Partnership Act 1932: Meaning and definitions, Registration of partnerships, Types of partners, Dissolution, • Limited Liability Partnership Act, 2008– Meaning & definitions, Meaning of designated partner, Registration of LLP, Conversion into LLP, Dissolution Module III: Companies Act 2013 • Companies Act, 2013-Meaning and types of companies, Formation of a company, Incorporation of companies-Memorandum and Articles of Association, 20% Securities Regulation- Share Capital and Shareholders, Prospectus, Issue of Shares and Raising of Capital, Buy Back of Shares, Debentures, Company Meetings and Proceedings, Powers, Duties, Liabilities of Directors, Merger and Amalgamation and Winding up of Company, MCA21, Corporate Governance and SEBI-Objectives and Functions Module IV: Consumer Protection Act 1986 20% • Consumer Rights, Procedures for Consumer Grievances Redressal, Types of consumer Redressal Machineries and Forums 5 Module V: Miscellaneous Themes • Introduction of IPR – Overview of Law & Procedure relating to Copy rights, Trade marks, Patent Act, Infringements. • Information Technology Act 2008- Scope, Applicability and penal provisions 20% List of Experiments (if any): Course Learning Outcomes: CLO1: identify and explain the legal issues arising in some of the main day-to-day dealings of business organisations and provide advice or commentary relating to those issues CLO2: define and discuss the core concepts inherent in the legal structure of business organisations CLO3: interpret the main statutory provision relevant to the areas covered by the syllabus. Mapping of Course learning outcomes (CLOs) with Graduate Attributes (GA). Course Learning Outcomes Graduate Attributes Knowledge and Expertise of Business Environment and Management Continuous and Experiential Learning Research and Enquiry Information and Disruptive Technology Skills Critical thinking and Problem-Solving Abilities Effective Business Communication and Negotiation Skill Creativity, Innovation & Reflective Thinking Analytical & Decision-Making Ability Leadership and Behaviour Skills Multicultural Understanding and Global Managers Ethics and Professional Conduct Social Networking Skills & Emotional intelligence Employability and Entrepreneurship Lifelong Learning Environment and sustainability CLO1 CLO2 CLO3 Pedagogy for Course Delivery: List of Professional Skill Development Activities (PSDA): With the changing paradigms in business and the presence of complex legal frameworks it is important that one should be legally aware and have knowledge of, and ability to use, fundamental tools of legal research in business. This course is a yardstick to Identifying ethical principles and their application in the classroom, Develop and apply a command of the ethical guidelines and rules of professional responsibility necessary to demonstrate competence as a paralegal. Assessment/ Examination Scheme: Theory L/T (%) Lab/Practical/Studio (%) 100% Weightage (%) 100% NA Theory Assessment (L&T): Components (Drop down) End Term Examination Mid-Term Exam 10% Continuous Assessment/Internal Assessment Project 10% Viva Attendance 5% 5% Lab/ Practical/ Studio Assessment: Continuous Assessment/ Internal Assessment Components Weightage (%) End Term Examination 70% End Term Examination Total Mapping Continuous Evaluation components/PSDA with CLOs Bloom’s Level Course Learning Outcomes Assessment type/PSDA Mid Term Remembering, Understanding CLO1: Applying, Analysing Evaluating & Creating CLO2: CLO3: ✓ ✓ ✓ ✓ ✓ Project Viva ✓ ✓ Text Books/ References Books: • N.D Kapoor, Elements of Mercantile Law, Sultan Chand & Company, India, 2019. (ISBN-13: 978-9351611639) • Akhileshwar Pathak, Legal Apects of Business, Tata Mc Graw Hill, India, 2018. (ISBN-13: 978-9353163754) • P.K Goel, Business Law for Managers, Biztantra Publishers, India,2008. (ISBN-13: 978-8177225358) • P. P. S. Gogna, Mercantile Law, S. Chand & Co. Ltd., India, Fourth Edition, 2008. (ISBN-13: 978-9352531202) • Richard Stim, Intellectual Property- Copy Rights, Trade Marks, and Patents, Cengage Learning, 2012. (ISBN-10: 8131518051) • Balachandran V., Legal Aspects of Business, Tata McGraw Hill, 2012 (ISBN-10: 8182093155) • Daniel Albuquerque, Legal Aspect of Business, Oxford, 2017 (ISBN-10: 0199463166) • Ravinder Kumar– Legal Aspect of Business.– Cengage Learning, 2nd Edition-2016. (ISBN-10: 9788131531594)
