INDIAN INSTITUTE OF MANAGEMENT KOZHIKODE

EPGP Platform
Course Outline 2021

BUSINESS LAWS

Course Code and Course Title EPGP 202, Business Laws

Course Type Compulsory
Pre-requisites (if any) Nil
Course Credit 1
Total No. of Sessions 4
Session Duration 75 minutes
Term 2
Year and batch 2020-2022
Sections (if any) Section A and B

Instructors(s) Prof. Shannu Narayan

Contact Details 0495-2809430
Office Room No. 10, Faculty Block 3
Consultation Hours To be announced

Introduction

Business is both facilitated as well as regulated by laws. Pertinent legal concepts helpful for
day-to-day functioning in a commercial/business environment are introduced through this
course. Knowledge of business law concepts is significant for effectively steering forward an
existing business organisation as well as for evolving new entrepreneurial ventures.

Learning Outcomes/Course Objectives

The main objective of this course is to make a student of business management understand
the principles and concepts of law relevant to efficient functioning of business. This includes
formation of contracts; rights and obligations arising from contracts; special forms of
contracts; law dealing with formation and functioning of companies; law relating to
partnership; law relating to intellectual property rights; competition law; consumer protection
law.

Textbooks and Learning Materials

Text Book(s)
Pathak, Akhileshwar, Legal Aspects of Business, Sixth Edition, Tata McGraw-Hill, New
Delhi, 2014 [AP-LAB].

Reference Book(s)

1
  Anurag K Agarwal, Business Leadership and Law, Springer, New Delhi 2017 [AKA-
BLL].
 Agarwal, Anurag K, Business Law for Managers: Kaleidoscopic tales, First Edition,
Penguin Random House, New Delhi, 2018 [AA-BLM].
 Constance Bagley, Winning Legally: How to Use the Law to Create Value, Marshal
Resources, and Manage Risk , Harvard Business Review Press, Boston, 2005.
 Daniel Albuquerque, Legal Aspects of Business: Texts, Jurisprudence, and Cases,
Second Edition, Oxford University Press, New Delhi, 2015.
 Anurag K Agarwal, Business and Intellectual Property, Random House India, New
Delhi 2010 [AKA-BIP].

Additional Reading(s)
Soft copies of relevant additional reading materials will be distributed as and when required.

Technology and Software (if any)

NIL

Other Resources (Journals, Internet Websites) (if any)

NIL

Pedagogy Used/Learning Process

The course will be primarily offered through lectures, discussion and analysis of relevant
practical legal issues through decided cases. In the course delivery, emphasis is on the
maximisation of student learning within the classroom itself, by way of methods such as
problem based learning method. The participants are encouraged to read introduction to the
subject in order to equip them to explore and analyse the legal issues to be discussed in the
class. 

Evaluation Components/Assessment of Student Learning

Assessment Tool Percentag Description

e
Class Participation 35% Students are expected to work individually or in group
and Assignments analysing contemporary issues regarding legal aspects
of business.
Quizzes 15% These components are required to check and evaluate
End Term 50% students’ understanding of legal concepts and
principles and their application in solving managerial
decision-making problems.

Session Plan

Hours Module Topic Chapter No. / Reading

2
 material / Cases
1 Introduction to  Relevance of Business [AKA-BLL]: Chapter 1
Law laws for Managers
 Introduction to Indian
Legal System

2-4 Legal Aspects  Essentials of Formation of [AP-LAB]: Chapter 2,3,

of Contract a Contract 9, 10, 21 and 22
 Breach of Contract
 Termination and Damages
 Contracting with
Government
 Indemnity, Guarantee,
Agency

5-8 Legal Aspects Limited Liability Partnership [AP-LAB]: Chapter 26

of Business (LLP)
Organizations  Characteristics of
Partnership
 Nature of LLP
 Formation of LLP

Company Law
 Characteristic of a [AP-LAB]: Chapter 31,
Company 32, 33 and 35
 Memorandum & Articles
of Association
 Doctrines of: Ultra Vires,
Constructive Notice &
Indoor Management
 Importance of Independent
Directors
 Meetings and Resolutions
 Insolvency of a Corporate
Body

9-10 Emerging  Law Relating to [AKA-BLL]: Chapter 7

Areas in Intellectual Property [AKA-BIP]: Chapters 2, 3
Business law Rights
 Law relating to Corporate
Taxation
 Law and Public Policy

Additional Instructions (if any)

NIL