BL-EMBA-19

BL-EMBA-19
MBA(Exe.) 2019-20: Term-II

Course: Business Law

MBA-Executive 2019-20
Credits: 3
Faculty Name: Dr. A.R. Tripathy
Programme: MBA 2019-20
Academic Year & Term: 2019-20 Term-II

1. Course Description

The dictum “Ignorance of Law is no excuse” suggests that every person is presumed to have a knowledge of applicable Law. It is essential for all business executives to have a basic knowledge of some of the important law which are applicable to their respective area of operation. Business Law comprises a set of laws concerning the business and commerce which would enable managers to ensure legal compliance and take better decisions.

2. Course Objectives

To familiarize the students with principal laws regulating business and to enable the students to interrupt various legal provisions regulating business and learn applying them through an exposure to case made laws. This Course would also equip the student with minimum legal framework for starting a business venture and running it successfully in conformity with legal parameters.

3. Course Contents

Scope and Subjects Matter of Business Law: Indian contracts Act of 1872-Void, Voidable, Illegal and Unlawful Agreement*s; Rules Regarding offer and Acceptance; Competence of Parties to contract; Legality of Objects and consideration; Contingent contracts; Performance, Termination, Breach of Contract and Remedies; Indian Companies Act of 2013 – Basic Characteristics and Classes of Company, Procedure of Incorporation, Lifting of corporate veil, Memorandum of Association and Articles of Association, Doctrine of Indoor Management Prospectus and Statements in lieu of Prospectus, Share Capital Management of Company, Qualification, Appointment, Disqualification, Removal of Directors, Legal Position, Powers and Duties of Directors, other Managerial Personnel, Meetings and Resolution, Loans and borrowings, Winding Up Modes and Process, Negotiable Instruments Act, 1881, Sales of Goods Act of 1930 – Conditions and warranties, Rights and Duties of Seller and Buyer, Agency; Bailment and Pledge; Quasi contracts; Indemnity and Guarantee. Insolvency & Bankruptcy code.

4. Tentative Session Plan

Session Topics to be covered Reading Materials

1 Indian Contract Act, 1872 Relevant Chapters in the Text

Essential elements of Contract Book

Types of Contract, Voidable contract

Void contract, void agreement

Offer and acceptance – Rules

1 Consideration and Capacity of Parties & Rules
1 Free Consent and Legality of object: Rules
1 Performance of Contract and Discharge of Contract
1 Remedies for Breach of Contract and
{ Bailment Rights and Duties of Bailor and Bailee, Quasi Contract
{ Indemnity and Guarantee: Rights of Indemnity holder and Discharge of Surety
2+1 { Agency: Creation, Rights and Duties of Principal and Agent
{ Sale of Goods Act 1930: Conditions and Warranties
{ Rights and Duties of Buyer and Seller
1 Companies Act, 2013: Formation, Types and Lifting of Corporate veil
1 Memorandum of Association and Articles of Association: Contents and alteration
2 Prospectus; Share, Share Capital and debenture, Buy back of shares
2 Right, Issue and Bonus Issue
2 Directors: Qualification, Appointment; Removal and Powers and Duties of directors
1 Meetings: Types, Voting Rights, Resolutions
1 Borrowing Powers
1 Winding up, Modes and Process
1 Insolvency and Bankruptcy Codes

5. Student Learning Outcomes
· Be able to understand principal laws regulating business.
· Be able to interpret various legal provisions and learn how to apply them
through an exposure to case made laws
· Be able to learn as to how to start a business venture and run it successfully in
conformity with legal parameters.

6. Required Text Books and Reading Material
The recommended text book is:
Elements of Mercantile Law by N.D. Kapoor, S.Chand, New Delhi
Other Reference Books:
1. Legal Aspects of Business by Ravinder Kumar of CENGAGE Learning
2. A Manual of Business Law by S.N. Maheshwari and S.K. Maheswari, HPH
3. The Companies Act, 2013
4. Legal Aspects of Business by Daniel Albuquerque

7. Evaluation

It shall be done through term examinations, class participation and quizzes.

All

evaluation will be under closed book System. Weightage for different components is as under.

Evaluation Weightage
Component
A. Quizzes 20%
B. Mid-Term 40%
C. End Term 40%

Created By: Alora Kar on 11/25/2019 at 11:51 AM
Category: MBA(Exe.)2019-20 T-II Doctype: Document

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