LAB-V10A

LAB-V10A
(PGCBM 2010-11A : Term-III)

Ethical & Legal Aspects in Business (Part-B)
(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

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

Negotiable Instrument Act

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

Consumer Protection Act

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

REFERENCE BOOKS:

1. Company Law and Practice

Majumdar & Kapoor

2. Mercantile Law

N.D.Kapoor

3. Business Law

RSN Pillai & Bagavathi

4. Legal Aspects of Business

A.Pathak

EVALUATION:

Performance Evaluation will be done through term examinations and quizzes.

Quizzes - 20%

End Term - 30%

Created By: Bijoy Kar on 08/10/2011 at 02:44 PM
Category: PGCBM Doctype: Document

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