Course Objectives

This foundational course is essential for future business professional and

entrepreneurs to have a thorough understanding of the ways law determines the
dynamically evolving business environment and legal decision-making. It enhances
our capacity to pre-empt legal risks involved in shaping business decisions,
achieving tactical advantage, and avoiding contingent legal liabilities. It also provides
the student an introduction to the substantive and procedural law and how it
influences contractual obligations in a interdependent jurisprudential environment
where law of contract, bailment, agency, sale of goods, companies law and
consumer protection play an pervasive role.

Course Objectives: -

1. To improve decision making by evaluating legal risks involved.

2. To improve the ability to identify and manage legal risks.

3. To enable the students to make ethical decisions, individually and as an

organization.

4. To learn legal processes affecting business, including employee relationships,

business formations, contractual obligations, consumers rights and company
affairs.

5. To encourage critical thinking and innovative approaches to legal applications.

6. To learn the language of law, including but not limited to interpretation of

statutes.

7. To improve analytical skills and develop oral expression.

8. To learn reading a judicial case and understand the judicial process.

Syllabus: -

1. Sources of Commercial Laws, Interpretation of Statutes and Constitution of

India

2. THE COMPANIES ACT 2013 AND COMPANIES ACT 1956 [Important

Provisions]

i. Definition and meaning of Company.

ii. Essential Features.

iii. Doctrine of Lifting the Corporate veil.

iv. Registration and Incorporation.

 v. Memorandum of Association.

vi. Alteration of Objects.

vii. Prospectus.

viii. Remedies for Misrepresentation.

ix. Directors.

x. Prevention of Oppression and Mismanagement.

xi. Winding up.

xii. Corporate Governance Norms under Companies Act, 2013 and

insolvency and bankruptcy Code, 2016: Ease of doing business
with accountability and transparency.

3. SALE OF GOODS ACT, 1930

i. Distinction between Sale and Agreement to Sell.

ii. Conditions and Warranties.

iii. Implied Undertaking as to Title, etc.

iv. Buyer Be Aware.

v. Transfer of Title.

vi. Rights of Unpaid Seller against the goods.

vii. Unpaid Sellers lien.

viii. Stoppage in Transit

ix. Right to Resale.

4. THE CONSUMER PROTECTION, 2019

i. Salient features.

ii. Objective.

iii. Extent of the Act.

iv. Structure.
 v. Who is a Consumer?

vi. Who can file a Complaint?

vii. What Constitutes a Complaint.

viii. How to file a Complaint.

ix. Where to file a complaint.

x. Relief available to consumer.

xi. Procedure for Filing the Appeal.

xii. Speedy Disposal.

Evaluation

1. Grading Pattern (Tentative)

i. 91-100 A+
ii. 83-90 A
iii. 75-82 B+
iv. 67-74 B
v. 59-66 C+
vi. 51-58 C
vii. 43-50 D+
viii. 35-42 D
ix. 0-34 F
2. Evaluation System (Tentative)
i. Class Participation: 5%
ii. Quiz: 10% (May be Individual or Group Quizzes)
iii. Mid Term: 35%
iv. Total 50%

References

Books:

i. Legal Aspects of Business by Prof. P.K Padhi

ii. Principles of Statutory Interpretation by Justice G.P Singh,
Wadhwa & Company
iii. Constitutional Law of India by Dr. J.N Pandey.
iv. Sale of Goods and Hire Purchase by Avtar Singh.
v. Consumer Protection by Dr. V.K. Agarwal.
vi. Law of Contract by Avtar Singh.
 vii. Company Law by Avtar Singh.

Case Laws:

i. Gujrat Bottling Company. V. Coca Cola Co. AIR 1995 SC 2372.

ii. Mahindra and Mahindra Ltd. V Union of India AIR 1979 SC 798.
iii. TELCO v. Registrar of Restrictive Trade Agreement, AIR 1977
SC 973.
iv. Bharati Knitting Co. v. DHL Worldwide Express Courier Division
of Airfreight Ltd AIR 1996 SC 2508.
v. Lata Construction v. Dr. Rameshchandra Ramniklal Shah AIR
2000 SC 380.
vi. Haryana Urban Development Authority v. Rajnish Chandra
Sharda AIR 2000 SC 3573(1)
vii. Lucknow Development Authority v. M.K Gupta AIR 1994 SC
787.
viii. Patel Roadways Ltd. v. Birla Yamaha Ltd. AIR 2000SC 1461.
ix. Indian Medical Association v. V.P. Shantha AIR 1996 SC 550.
x. State of Haryana v. Santra AIR 2000 SC 1888.
xi. Synco Industries v. State Bank of Bikaner and Jaipur AIR 2002
SC 568.
xii. Pradeep Kumar Jain v. Citibank AIR 1999 SC 3119.
xiii. Companies Act, 2013 related Cases.
xiv. Hardev Singh Akoi v. Rai Bahadur Narain Singh Sugar Mill Ltd.
C.P.No.10(ND)/2015.
xv. Partha Ghosh v. Pragati 47 development Limited. C.A. No
684/2015 in C.P. No. 509/2010-2015
xvi. IJM(India) Infrastructure Ltd. v. Swarnandhra IJMII Integrated
Township Development Co Pvt Ltd. 2016.
xvii. Bhardwaj Thuiruvenkata Venkataraghavan v. Ashok Arora.
Crl.M.C. 2760/2016 Delhi High Court.
xviii. Briji Gopal Daga v. State of Kerala. Crl. M.C. 262 of 2013 High
Court of Kerala Decided 20.03.2015.