VIGNANA JYOTHI INSTITUTE OF MANAGEMENT
VIGNANA JYOTHI INSTITUTE OF MANAGEMENT
HYDERABAD
Batch:PGDM (2014-16)
Term: IICourse Name: Business Laws
Credits: 4Course Instructor: Mr. A. Srinivas Rao
e-mail : [email protected] of the CourseA
business will be successful if the entrepreneur/management charts a
steady course through the regulatory and legal frame work of the
time while grapping with the traditional constraints viz., economic
and financial. Also, the modern day business is increasingly facing
up to its corporate social responsibility (CSR) as part of prudent
business ethics. In view of this present day scenario, it is
essential that a graduate of our B School should be equipped with
the requisite knowledge about Business Laws & Ethics.Course
Outline
The very existence of a corporate entity, especially a listed
entity, is governed by the companies act is sine qua non,
Information Technology has revolutionized every aspect of human
life, corporate affairs being no exception. A detailed study of the
cyber laws will enable you to keep your employer abreast of the
last rest going-on in the modern corporate world.There is a world
of change in the way Business exploited resources, at the on set of
the industrial revolution and the way business is exploited today.
A study of the business environment will give you the modern
prospective.
The Foreign Exchange Management Act and the Competition Law
acquaint you with the regulatory framework of our country as
regards foreign exchange and competitive environment.The growth of
consumerism in India has prompted the govt. to an act the consumer
protection act to safeguard their interests. A detailed of this Act
will help you to prevent the enterprise from falling on the wrong
side of the Law.
Indian Industry, post WTO, is facing a slew of litigation on
alleged infringement of the Parents of MNCs. At the same time, our
own corporate giants i.e., Indian MNCs operating aboard have
initiated similar proceeding in the countries of operations. All
this litigation means that an in death knowledge of the Patents Act
is absolutely essential.Learning Outcome
At the end of the course, the student should be able to
1. Appreciate the various legal aspects that will protect the
business interest in the day to day transactions.
2. Understand the Companies Act
3. Understand cyber laws
4. Understand FEMA and Competition LawSession Plan
Session No.TopicPre-class preparation required
(Chapter No.)
1Overview of the course
Types of Business Organisations :
Property, Small Private Ltd., Public Ltd. & Corporation
2-8a) Government Control including FEMA, COMPETITION ACT,
IPR
Annexure E and F
9-18Contract Law
a) Contract Nature, importance, Agreement
Definitions
b) Essential element of valid contract classification of
contract
c) Offer acceptance, Communication of offer, acceptance and
revocation d) Consideration, definition and salient feature
e) Capacity to contract Minors, lunatics, drunken or
intoxicated persons
f) Consent, free consent coercion, undue influence, fraud,
Misrepresentation, Mistake of law and fact.
g) Legality of Object void Agreements
h) Contingent and Quasi contracts
i) Performance of contract breach and remedies
j) Indemnity and guarantee
k) Bailment and Agency Chapter 1 to 13
19-20 MSME act Venture Capitalist Act
Chapter 18 to 21
21-29Company Law ( Companies Act, 2013 )a)
Company-Nature-Definition-Characteristics Types
b) Memorandum of Association Articles of Association
Prospects
c) Membership Rights and Liabilities of Membersd) Share capital
and Debentures, Acceptance of Public deposites
e) Declaration of Dividend
f) Meetings of Companyg) Management and Administrationh) Winding
up
Study Material
30-31Sale of Goods Act
a) Conditions and Warranties
b) Rights of unpaid sellerc) Environment protection and business
obligationsChapter 14 to 17
32-34Negotiable Instrument Act
Negotiable Instrument Act
a) Negotiation and LiabilityChapter 22-23
35-37Consumer Protection Act
a) District Forum, State Commissions, National Commission
Composition Procedures and PowerChapter 33
38-40Securities Contracts
a) Recognition of Stock Exchanges
b) Listing of Securities
c) SEBI
e) LLPs
f) Prevention of Money Laundering actChapter 34
41-45Term Paper Presentations & Viva
Text Book:
Business Law By Sheth person publicationReference Books a)
Kapoor N.D. Pagar Dinkar, Business Laws and Management, Sultan
Chand & Sons, New Delhi, 1995.
b) Avatar Singh, Company Law, Eastern Book Company, Lucknow
1996.
c) Taxman, General & Mercantile Laws, Taxman, New Delhi,
1994.
d) Nadhis Business Law, Delhi 1995.Evaluation:Mode of
EvaluationWeightage
Quizzes 15%
Term Paper & Group Presentation15%(5% for the paper+10 % for
presentation)
Article summary & Review10%
Viva10%
End Term Examination50 %
Total100%
Quizzes to be conducted during the 8th session and 25th session
of the course for duration of 20 minutes each. Quizzes are to be
conducted only in the written form. Term paper to be submitted not
later than the 25th session of the course. The term paper will be a
group activity and has to be submitted in 4000- 5000 words which
will exclude the diagrams, charts, tables, reference lists,
bibliography etc.
Summary of the article has to be submitted during the 20th
session of the course.
Topics for Article Summary and Review:
1. Consumer Protection Act
2. Negotiable Instruments Act
3. Latest changes in Patent
4. Latest case in Patent
5. Articles, Prospectus, Public Deposits and Debentures
6. Management of the company7. Meeting of a company under new
change 2008
8. Incorporation to memorandum
9. MCA 21 ( Steps in e-filing)
10. Escort Vs LIC of India
11. Latest changes in Trade Marks
Negotiable Instruments Act 1881
12. Harman Electronics Pvt. Ltd. And Another Vs National
Panasonic India Ltd.
13. Kumar Exports Vs. Sharma Carpets
14. A.K. Kamarudeen Vs. Bank of India, Chairman and others
15. National Small Industries Corporation Ltd. Vs. State (NCT of
Delhi)
16. Sri Krishna Agencies Vs. State of A.P. and AnrTrade Marks
Act
17. World Wide Brands Inc., Gurgaon Vs. Central Warehouse,
Bangalore and othersDisciplinary Code
18. ICAI Vs. Shri. Raj Kumar N. Iyer
19. ICAI Vs. Shri. P. V. Mehta
20. ICAI Vs. Shri. P. U. Patil
21. ICAI Vs. Shri Ramesh R Kapadia
Consumer Protection Act 1986
22. SManjul Srinivas Vs. Govt. of U.P. and others
23. Prem Nath Ltd. Vs. Anurag MittalTerm Paper Topicsa)
Amazon,b) Uber c) Apple v Sansung1. Domestic violence
2. Enron and World Com
3. Ministry of Corporate Affairs 21
4. MOA and AOA of a company with a turnover of 100 crores
5. Listing of the securities
6. Patent
7. Grey area in Advertising
8. Trade Marks
9. Corporate Governance
10. Latest changes in Company Act, Amendment Act 2008
11. Role of independent director
Evaluation Criteria for the term paper:
The paper will be evaluated on the basis of the criteria
mentioned below:
1. Conceptual clarity
2. Self analysis with reasoning and drawing results from various
tests
3. Ability to relate and draw inferences from various
experiences and incidences
4. Clear sketch of the paper, and consistent application of the
approach throughout
5. Relevance of the content (no superfluous or irrelevant
information)
6. Information source, suitable referencing and bibliography
7. Format and language: clear division into sections, page
numbering, language etc.
8. Students original contribution and creativity
9. Any plagiarism shall be viewed seriously and the students
have to rework.
