LAB-V10

LAB-V10
(PGCBM 2010-11 : Term-III)

Legal Aspects in Business
(Faculty: Prof. S.P. Das)

COURSE OUTLINE

OBJECTIVES :

- To familiarize the students with principal laws regulating business

- To enable the students to interpret various legal provisions regulating business and learn applying them through an exposure to case made laws.

- To equip the students with minimum legal framework for starting a business venture and running it successfully in conformity with legal parameters.

CONTENTS: Scope and subject matter of Company Law:

1. Meaning and Nature of Company : Definition, Characteristics, Lifting the Corporate Veil, Advantages and Disadvantages of Incorporation

2. Types of Companies, Shares and Shares Capital: Private and Public Companies, Statutory Company, Limited Liability Companies, Unlimited Companies, Sec. 25 Companies, Government Companies, Foreign Companies.

Meaning and Nature of a Share, Share vrs. Stock, Kinds of Shares, Issue of Shares at Premium, Issues of Shares at Discount, Buyback, Sweat Equity, Share Warrant, Re-conversion of Warrant into Shares, Bonus Shares, Rights Shares.

3. Formation and Incorporation of Companies : Promotion, Incorporation Procedure, MOA (Meaning, Contents, Alteration), AOA, Effect of MOA and AOA, Doctrine of Indoor Management, Doctrine of Constructive Notice

4. Company Management:

Directors:

Meaning, Qualification, Disqualifications, Legal position, Appointment, Minimum & Maximum number, Vacation of office, Removal, Powers, Office or place of profit, Loans to directors, Interested director

5. Company Meetings : Types, Requisites for a valid meeting, Annual General Body Meeting, Board Meetings

6. Liquidation / Winding up of Company : Modes of Winding Up, Winding up by the Tribunal, Voluntary Winding Up

7. Commercial Laws:

Ų Indian Contract Act : Nature of Contract, Offer and Acceptance, Capacity to Contract, Consideration, Free Consent, Unlawful Agreements, Void Agreements, Performance, Discharge of Contracts, Remedies in Case of Breach of Contract, Quasi Contracts

Ų Negotiable Instrument Act: Concept, Kinds – Promissory Notes, Bill of Exchange, Cheque, Concept of Negotiation, Assignment, Dishonour, Noting, Crossing of Cheques, Bouncing of Cheques

Ų Consumer Protection Act : Consumer Rights, Exploitation of Consumers, Consumerism, Consumer Protection

REFERENCE BOOKS:

1. Company Law and Practice by Majumdar & Kapoor
2. Mercantile Law by N.D.Kapoor
3. Business Law by RSN Pillai & Bagavathi
4. Legal Aspects of Business by A.Pathak

EVALUATION:

Performance Evaluation will be done through term examinations and quizzes.

Quizzes - 20%
End Term - 30%
Created By: Bijoy Kar on 09/03/2010 at 03:36 PM
Category: PGCBM Doctype: Document

...........................