Legal Environment of Business Semester II Course Objective: Law permeates every aspect of business and it is essential that a manager

has a good understanding of the laws which have an impact on the functioning of corporations. Legal Environment of Business envisages to provide the students with the basic knowledge of the legal system and environment in which corporations function. The objective is to equip the students with understanding nuances of laws which are relevant to the day to day functioning of business entities. The focus of the course would be on understanding laws of the land which impact the world of business to enable the managers take informed decisions.

Recommended Text: Elements of Mercantile Law Kapoor, N D. Sultan Chand & Sons 2010 Additional References: Legal Environment of Business, ICFAI Banking Law and Practice, 22nd Edition Varshney, PN. Sultan Chand & Sons 2009 Legal Aspects of Business, Ravinder kumar Cengage Learning India Pvt Ltd

Legal Environment of Business Semester II

MAPPING UP OF TOPICS AND CASES LEB
S. No. 1. 2. Tues/Th ur Date 30/10/20 12 2/11/201 2 Cases Introduction to Legal Environment (2) 1. Wings of Trade Ways of Law: A Consensus Wings of Trade Ways of Law: A Consensus Business Contracts (8) 2. Legal Wrangles of Kaushik Chapters LEB-ICFAI Ch1 Detailed syllabus Classification of Law National Law and International Law Justice Delivery System in India No. of Sessi ons 1 1

3.

4. 5. 6.

3. Void and Voidable Contracts: The Legal Dilemma 4. Treasure Hunt at Cross Roads 5. Unfurnished Towers and Shattered Plans

ND Kapoor Part I Ch 1-4 Ch 6& 7 Ch 5 Ch 8-12

Nature of contract, offer and acceptance, consideration, capacity to contract. Legality of object, void agreements Free consent Contingent, performance, Discharge, remedies of contract

1 1 1

S. No.

Tues/Th ur Date

Cases

Chapters

Detailed syllabus and quasi contracts. Contracts of Indemnity and guarantee, bailment and pledge Contract of agency Case lets and short questions

No. of Sessi ons 2 2 1 1

7. 8. 9. 10. 11. 12.

6. High Tides High Tides 7. Diamonds, Are they Lucky? Diamonds, Are they Lucky? Evaluation Component-1 Law Relating to Business Entities(5) 8. Sally Steel Products Pvt. Limited: Legal Tangles 9. You can build or Dismantle the Business 10. Riding a Tiger 11. Death Warrant 11. Death Warrant

Part 2 Ch 1 & 2 Ch 3

ND Kapoor Vol II Ch 3-9 Ch 11 Ch 10 Ch 14-16

Formation of a company, MOA, AoA, prospectus, share capital, shares Meetings and proceedings Company management Oppression and mismanagement, arrangements, and reconstruction, and winding up.

13. 14. 15. 16.

1 1 1

17. 18. 19. 20.

Financial Services Legal and Regulatory Environment (5) 12. Regulatory Rhyme for a Sinking Bank 13. Bouncing of Cheque is Not Cricket It is Ticket to Jail Bouncing of Cheque is Not Cricket It is Ticket to Jail

ND Kapoor Part II Ch 6

RBI, Banking Regulation, Negotiable Instruments, Notes, bills, hundis, and cheques, dishonor of negotiable instrument

1 1 1 1

S. No.

Tues/Th ur Date

Cases 14. Insurance Business: A step Towards Social Commitment 15. .Securities and Transparency Trading Business and Tax Law (3) 16. Pleasure of Income and Pain of Tax 17. Belling the Tax-Cat Belling the Tax-Cat Evaluation Component-II Property Law for Business (4) 18. Smart Plans Bumpy Finale 19. No Friend & No Foe in Business No Friend & No Foe in Business 20. Identity of Identical Names Consumer Protection (1) 21. A journey from Dream to Disputes and Role Reversals Environment Protection and Business Obligation (1) 22. Devils Eye and Dreamers Valley Alternate Dispute Resolution (1) 23. Speedier Mitigation of Loss through Arbitration: A Last Opportunity

Chapters

Detailed syllabus Law of Insurance

No. of Sessi ons 1

21.

Part II Ch 8 LEB-ICFAI Ch 5

SEBI guidelines

22. 23. 24. 25. 26. 27. 28. 29. 30.

Direct Indirect taxes

1 1 1 1 1 1 1 1 1

Case lets and short questions LEB-ICFAI Ch 6 Lease, mortgage, gift Hire purchase, agreement to sale,, pledge, hypothecation, exchange, charge, set off IPR Consumer Protection Act 1986

31.

ND Kapoor Part IV Ch 1 LEB-ICFAI Ch 10 ND Kapoor Part II Ch

Environment legislations

32.

Arbitration, mediation

conciliation,

and

S. No.

Tues/Th ur Date

Cases

Chapters 7 ND Kapoor Part 4 Ch 3

Detailed syllabus

No. of Sessi ons 1

33.

Business Transaction and Cyber Law (1) 24. E- Business is not Easy Business

The Information Technology Act 2000

Evaluation Plan:
1. Class Participation a. Round I b. Round II c. Round III 2. Non class Participation a. Quiz 1 (Case lets and short questions) b. Quiz 2 (Case lets and short questions) 3. End term Total 40% 10% 15% 15% 15% 15% 30% 100%

Summary: Total number of topics: 10 Total number of cases: 24 Total number of sessions: 33