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Core Course , TERM VI, 1.5 credit Course name: Business Law Course Advisor: Dr. Manaswee K. Samal, smanaswee@.yahoo.co.in, 9437414377 (M)

Course objectives: To familiarise the students with principal laws regulating business To enable the students to interpret various legal provisions regulating business and learn how to apply them through an exposure to case made laws. To equip the student with minimum legal framework for starting a business venture and running it successfully in conformity with legal parameters.

Pedagogy: Provisions of the Act will be discussed placing emphasis on rationale and judicial interpretation and their consequent impact on business. Less emphasis will be placed on procedural part. All discussions will be supplemented by mini-cases wherever necessary. Classes will be mainly through lectures and analyzing Cases.

Assignment : Nil

Session Details : Session Topic Issues to be Discussed Reading Material Supplementary discussion [case] 1 Introduction Discussion on the course outline Scope and subject matter of Business Law Organisation type (Company vrs. Partnership) Basic features of companies, Formation and types of companies Ref. to text book 2 Companies Act MOA, AOA, Prospectus [raising capital from the market] Handout, Ref. to text book 3 & 4 Companies Act Share & Share capital: SPV designing Reserves and surplus: items & implications (financial & regulatory) Bonus Issue Rights issue Share buy back Capital reduction, redemption Handout, Ref. to text book 5 Companies Act Dividend [Companies Act & Income Tax Act: Implication Handout, Text book 6 & 7 Contract Act Nature of contract Void, voidable, illegal and unlawful agreements, Offer and Acceptance, Consideration, Competence of parties to contract, Free consent 8 Contract Act Performance, Discharge, Remedies Handout, Ref. to text book Discussion on Concession Agreement on Major Ports 9 & 10 Sale of goods Act Rights and duties of seller and buyer, conditions and warranties, transfer of property Handout Portion for End-Term: All the sessions

Attendance: No absence is allowed without prior permission. In case this rule is violated, the faculty member reserves the right to debar the student from attending future classes. The student has to appreciate that classes are not all about disjoint stories but have logical sequencing and high degree of interdependence. Please further appreciate that if any student misses classes on genuine medical ground or exigency in the family like death or some other mishap, I would like to take additional sessions for him/her.

Course Evaluation (Total 100 Marks) It shall be done through term examinations and quizzes. All quizzes will be under closed book system. All term examinations will be under open book system. The students can carry handouts given and their class notes to the examination hall in case of term examinations. Weightage for different components is as under. Evaluation component Weightage A. (SURPRISE) QUIZZES [3 quizzes] 50% B. END TERM 50% Evaluation Pattern QUIZZES The quizzes will be objective in nature. Marks secured by the student in all quizzes will be added and converted to 50% weighted mark on a scale of 100. END TERM The duration shall be for 2 hours. The questions will be a mix of numerical problems and caselet/case. ------------------------------------------------------------------------------------------------------------ Grading Policy: Policy of the institute will be followed. ------------------------------------------------------------------------------------------------------------ Compulsory readings: Prescribed text book: Legal aspects of Business by Akhileshwar Pathak [McGraw Hill] - Referred chapters of the select books and handouts given from time to time. Reference Books : 1. Business Law by S.S.Gulshan 2. Companies Act by Majumdar & Kapoor 3. Mercantile Law by N.D.Kapoor

Created By: Debasis Mohanty on 11/22/2011 at 12:28 PM
Category: PGDM-II Doctype: Document