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BLMB16
MBA201618:TermI

Credits
FacultyName
Programme
AcademicYearand
Term
1.CourseDescription

CourseName:BusinessLaw
2(6Sections)
Mr.J.B.Das,(SecA&B)ProfV.Bathh(SecC&D)and
Prof.A.R.Tripathy(SecE&F)
MBA201617,SecA,B,C,D,E,F
201617,TermI

ThedictumIgnoranceofLawisnoexcusesuggeststhateverypersonispresumedtohaveaknowledge
ofapplicableLaw.Itisessentialforallbusinessexecutivestohaveabasicknowledgeofsomeofthe
importantlawwhichareapplicabletotheirrespectiveareaofoperation.BusinessLawcomprisesasetof
lawsconcerningthebusinessandcommercewhichwouldenablemanagerstoensurelegalcomplianceand
takebetterdecisions.
2.StudentLearningOutcomes
Beabletounderstandprincipallawsregulatingbusiness.
Beabletointerpretvariouslegalprovisionsandlearnhowtoapplythemthroughanexposuretocase
madelaws.
Beabletolearnastohowtostartabusinessventureandrunitsuccessfullyinconformitywithlegal
parameters.
3.RequiredTextBooksandReadingMaterial
Therecommendedtextbookis:
ElementsofMercantileLawbyN.DKapoor,S.Chand,NewDelhi.
Otherreferencebooksinclude
1.AManualofBusinessLawbySNMaheshwariandSKMaheshwari,HPH
2.LegalAspectsofBusinessbyR.Kumar
3.TheCompaniesAct,2013
4.LegalAspectsofBusinessbyDanielAlbuquerque
4.TentativeSessionPlan
Session Topic/Issuestobediscussed
1
IndianContractsActof1872:NatureofContract,
EssentialelementsofContract,TypeofContracts:
Voidandvoidable,IllegalandUnlawfulAgreements
OfferandAcceptance,Consideration
2
CompetenceofParties,FreeConsent,Legalityof
Object
3
Performanceofcontract,DischargeofContractand

ReadingMaterials
SlidesofPPPand
relevantchapterof
theTextBook
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RemediesforBreachofContract
4

ContingentandQuasicontracts,Bailment

IndemnityandGuarantee

Agency,CreationofAgency,RightsandDutiesof
PrincipalandAgent

.do.

SalesofGoodsActof1930Conditionsand
Warranties,RightsandDutiesofSellerandBuyer,
TransferofProperty
NegotiableInstrumentsAct,1881

.do.

CompaniesActof2013:Formation,Types,
CompanyVsPartnership,LiftingofCorporateveil

.do.

10

MemorandumandArticlesofAssociation:Contents,
Alteration
Prospectus,ShareandShareCapital,Alterationof
.do.
ShareCapital,DebtCapital

11
12

ManagementofCompany,Qualification,
Appointment,RemunerationandRenewal/Removal
ofDirectors,LegalPosition,PowersandDutiesof
Directors,otherManagerialPersonnel

13
Meetings,ProceedingsandResolutions
14
Loans,Borrowings,FixedDeposits
5.Evaluation

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Itshallbedonethroughtermexaminations,classparticipationandquizzes.Allevaluationwillbeunder
closedbooksystem.Weightagefordifferentcomponentsisasunder.
Evaluationcomponent
Weightage
A.QUIZZES
20%
B.MidTerm
30%
C.ClassParticipation
D.EndTerm
EvaluationPattern

20%
30%

Quizzes&ClassParticipation:
ThequizzeswillbeMCQs.Thereshallbethreequizzesandthebesttwoshallbeconsidered.Class
Participation(20%)willbebasedonassignments.
MidTerm/EndTerm:
Thedurationshallbefor1hourforMidTermand2hoursfortheendterm.Thequestionswillbeamixof
subjective,objectiveandcase/caselets.
GradingPolicy:PolicyoftheInstitutewillbefollowed.
6.AcademicIntegrity:AsperInstitutepolicy.
BUSINESSLAW
CourseObjectives:

Tofamiliarizethestudentswithprincipallawsregulatingbusinessandtoenablethestudentstointerpret
variouslegalprovisionsregulatingbusinessandlearnapplyingthemthroughanexposuretocasemade
laws.Thiscoursewouldalsoequipthestudentwithminimumlegalframeworkforstartingabusiness
ventureandrunningitsuccessfullyinconformitywithlegalparameters.
CourseContents:
ScopeandSubjectMatterofBusinessLawIndianContractsActof1872Void,Voidable,Illegaland
UnlawfulAgreementsRulesRegardingOfferandAcceptanceCompetenceofPartiestoContract
LegalityofObjectsandConsiderationContingentandQuasicontractsPerformance,Termination,Breach
ofContractandRemediesIndianCompaniesActof2013BasicCharacteristicsandClassesof
Company,ProcedureofIncorporation,CertificateofCommencementofBusiness,Memorandumof
AssociationandArticlesofAssociation,DoctrineofIndoorManagement,ProspectusandStatementinlieu
ofProspectus,ShareCapitalMembership,ManagementofCompany,Qualification,Appointment,
RemunerationandRenewal/RemovalofDirectors,LegalPosition,PowersandDutiesofDirectors,other
ManagerialPersonnel,MeetingsandProceedings,Loansandborrowings,NegotiableInstrumentsAct,
1881,SalesofGoodsActof1930ConditionsandWarranties,RightsandDutiesofSellerandBuyer,
Agency
LearningOutcomes:
Oncompletionofthecourseparticipantswill:
Beabletounderstandprincipallawsregulatingbusiness.
Beabletointerpretvariouslegalprovisionsandlearnhowtoapplythemthroughanexposuretocase
madelaws.
Beabletolearnastohowtostartabusinessventureandrunitsuccessfullyinconformitywithlegal
parameters.
CreatedBy:AloraKaron05/25/2016at09:06AM
Category:BMI201618TIDoctype:Document

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