Business Law

Course instructors
Name Email Batch
Prof. Dipti Lunawat dipti@rajagiri.edu PGDM ‘ A’ and ‘B’ Batch
Dr. M. Rakesh Krishnan rakesh@rajagiri.edu PGDM ‘C’ Batch

1. About Business Law Course

This course introduces the legal framework of business. Emphasis is on Contracts Laws and
Company Laws. The course intents to facilitate the student to gain knowledge of the legal
environment and various statutes relevant to the business environment.

2. Course Learning Objectives

i. To acquaint the student with the legal environment and various statutes, which are to be
observed in performing the day-to-day business.
ii. Our graduates will be able to evaluate various alternatives and arrive at the best possible
solution for a given problem. (1c)

3. Session Plan

Methodology
Session Topic Reading

1-2 Module I  Business Law Lecture, and

Introduction to Law and Business, Meaning and by Sathish case
Nature of Law, Indian Legal System, The Indian Mathur (Tata discussions
Constitution, McGraw-Hill
Education)
 Chapter 1 and
 Legal Aspects
Of Business,
Akhileshwar
Pathak Chapter
43

3-4 The Indian Constitution – Fundamental rights and  Business Law Lecture, and
duties by Sathish case
Public Interest Litigation, Liberalization and Mathur (Tata discussions
Globalization, McGraw-Hill Self-Reading,
Education)
 Chapter 1 and
 Legal Aspects
of Business,
Akhileshwar
Pathak Chapter
43,


1
 

5-6 Module II  Business Law Lecture, and

Indian Contract Act 1872, Offer and acceptance, by Sathish case
Types of Contract, Void and voidable agreements, Mathur (Tata discussions
contingent contract, wagering agreement McGraw-Hill
Education)
 Chapter 2 to 11

7-8 Essentials of a valid contract, Modes of discharge  Business Law Lecture, and
of contract, Remedies of breach of contract by Sathish case
Mathur (Tata discussions
McGraw-Hill
Education)
 Chapter 2 to 11

9-10 Special Contracts – Bailment – Pledge – Indemnity Business Law Lecture, and
and Guarantee by Sathish case
Mathur (Tata discussions
McGraw-Hill
Education)
 Chapter 12 to
14

11-12 Sale of Goods Act  Business Law Lecture, and

by Sathish case
Mathur (Tata discussions
McGraw-Hill
Education)
 Chapter 24 to
29

13-14 Conditions and warranty  Business Law Lecture, and

by Sathish case
Partnership – types of partnership, the conduct of Mathur (Tata discussions
business (Sec 12), mutual rights and liabilities (Sec McGraw-Hill
13), incoming and outgoing partner (Sec 31 to 37) Education)
 Chapter 24 to
(Consumer Protection Act will be discussed in the 29
Module 4)
15-16 Module III  Business Law Lecture, and
Company Law – Types of Companies Co. Limited by Sathish case
by shares, unlimited liability Cos and Cos limited Mathur (Tata discussions
by guarantee ,Private and public Cos, Govt. Cos, McGraw-Hill
One Person Company, Holding and subsidiary Cos, Education)
Cos registered under Sec.25  Chapter 39 to
40

2
 17-18 Incorporation of a Company, Promotion,  Business Law Lecture, and
Registration - MOA -& AOA, Flotation , by Sathish case
Prospectus Mathur (Tata discussions
McGraw-Hill
Education)
 Chapter 39 to
40

19-20 Law of Insurance  Business Law Lecture, case

by Sathish discussions
Module IV Mathur (Tata and
Payment of Bonus Act, 1965 & Workmen’s McGraw-Hill Assignments
Compensation Act,1923, Education) And Self
 Chapter 34 to Reading
36

21 -22 Consumer Protection Act: Consumer rights,  Legal Aspects Lecture, case
exploitation of consumer, consumer protection, of Business, discussions,
utility of consumerism Akhileshwar and
Module V Pathak Chapter Assignments
Industrial and Licensing policy (Latest) 28 to 29,
 Business Law
by SS Gulshan
Chapter 12,
other readings
prescribed in
the class

23-24 Foreign Exchange Management Act,  Legal Aspects Lecture, case

Law of Intellectual Property of Business, discussions,
Environment Protection Act Akhileshwar and
Pathak Chapter Assignments
28 to 29,
 Business Law
by SS Gulshan
Chapter 12,
other readings
prescribed in
the class

4. References/Books

1. Business Law by Sathish Mathur (Tata McGraw-Hill Education)

2. Chawala and Garg,Mercantile Law, Kalyani Publications, 2010 (CG)
3. Business Law including Company Law 5th Edition, S. S. Gulshan , New Age International (SSG)
4. Legal Aspects of Business, Akhileshwar Pathak, Tata McGraw-Hill Education (AP)
5. M.C. Shukla,A Manual ofMercantileLaw, S. Chand &Co.Ltd.2011
6. S.K. Mishra and V.K. Puri, EconomicEnvironment ofBusiness, Himalaya PublishingHouse, 8th
edition
7. Dr.Avathar Sing, Company law, Eastern book Company, New Delhi.
3
8. A.K. Majundar and Dr. G.K.Kapoor, Company Law & Practice,sSultan Chand & Sons,
New Delhi.
9. B.S.Moshal, Mercantile Law, Ane Books, New Delhi.
10. Reading Materials

5. Grading Structure– MBA and MHRM

Evaluation tool Marks

End term examination 30

Mid term examination (Moodle) 20
Attendance 5
Individual Assignment 15
Class Participation with diary 15
Group Assignment 15
Total 100marks

6. Grading or Evaluation tools other than Examinations

Group Assignment - Comprehensive project (15 marks)
a. Module 1: - Group will be formed, and they should present a real case on PIL. (10
marks)
b. Module IV and V; - The title and guidelines for preparation and presentation of the
assignment will be discussed in the class. They need to make a written submission /
make a presentation in the class

Class Participation (15marks)

Students are required to maintain a class diary. The daily reflections and further reading based
on the discussions in the classes are to be updated into this diary. This diary will be also being
evaluated for awarding class participation. (Content related to Module II and Module III)

Individual Assignment (15 marks)

a. Module II and III; - The title and guidelines for preparation and presentation of the
assignment will be discussed in the class. They need to make a written submission
/make a presentation in the class

7. Course policies
Please refer student guidelines.
8. Assignment Schedule
Assignment/presentatio
Date Due date
n
23.06.2019 Group Presentation (a) 30.06.2018
Assignment ( Class
20.06.2019 30.07.2017
Diary)
Will be announced in the
1.08.2019 Individual Assignment
class
Will be announced in the
21.08.2019 Group Presentation (a)
class

9. Course requirements
Students are required to come prepared for each session by reading the respective reference
material/case lets as instructed in the sessions.

4
5