Course Outline

Programme: PGDM (FMG – 27 and FM-1)

Name of the Course: Legal Aspects of Business Credit: 0.5

Term-2 Academic Year: 2018-2019

Faculty: Mr. Anupam Kishore Sinha, Contact No: 8510024204; 9899196975

Mr. Dhritiman Bhattacharyya & Mr. Varun Tyagi 9818499377

Email: narenanupam@gmail.com ; dhritiman.bhattacharyya@unitylegal.com

legistauxiliary@gmail.com

Introduction:
Law touches every aspect of our lives and more so in the business environment. This course intends
to develop a body of legal knowledge and to give future business leaders and decision makers a
competitive edge by understanding basics of legal framework in which they function. This course
covers basics of business law and deals with Contract Law, Company Law, Negotiable Instruments
Act and consumer laws, etc. No prior legal training is assumed. Classroom discussions will be
based on business cases and excerpts from judicial opinions, statutes, and news reports and
analysis.

Objective: To make students familiar with the basic provisions of law concerning incorporation
and regulation of business organizations

 To create awareness about the numerous legislations passed by the Parliament

 To analyze through various cases the judicial attitude towards these regulations decided by
the courts

Pedagogy: Besides lectures, the pedagogy involves study of decided case laws and practical
situations with a view to put across the application of business legislations in the real life
situations. Assignments (especially group assignments) would be given to help students to look
at the application or otherwise of various business laws in the industry

Text Book:
Daniel Albuquerque, Legal Aspects of Business, 2nd Edition, Oxford University Press, 2015,
New Delhi.

Reference Book:
Akhileshwar Pathak, Legal Aspects of Business, 5th Edition, Tata McGraw- Hill Co.

1
Evaluation component and Weightage

Class Participation 10

Assignment/Project 20
Case Analysis 20
End term 50

Total: 100

Detailed Session Plan

Session Session Theme Reading Material/Cases Learning

No. Outcomes
1 Introduction to Indian Daniel Albuquerque- To acquaint the
Legal System; Chapter: 1 & 2 learners with
Formation of a Cases the variety of
Contract  Balfour vs Balfour applicable
 Felthouse vs. Bindley legislation and
 Mohiri Bibee v. legal
Dharmodas Ghosh instruments

To understand
the elements of
a valid
agreement and
its formation

2 Discharge of Contract: Daniel Albuquerque- To ascertain

Quasi Contracts, Chapter: 3 various modes
Performance of Cases of discharge of
contract, Discharge of  Hadley v. Baxendale a contract
Contract,  DDA Vs Kailash
Remedies for Breach Nath Associate To analyze
of Contract principles
governing
award of

2
 damages in a
contract
3 Special Contracts: Daniel Albuquerque- To understand
Indemnity and Chapter: 4 the nature of
Guarantee, Bailment, Cases various types
Pledge, Agency  Gajanan Moreshwar of special
Vs Moreshwar contracts
Madan
4 Sales of Goods Daniel Albuquerque- To have a brief
Act,1930 Chapter: 5 overview of the
Sale of Goods
Act, 1930
5 Introduction to Daniel Albuquerque- To acquaint
Company Law: How Chapter: 8 and 9 learners with
to register a company, Cases elements of
Memorandum of  Soloman v Soloman Company law
Association and & co. and the process
Articles of Association  Bacha F Guzdar v of registration.
CIT
 Royal British Bank v.
Turquant
6 Listing Agreements: Daniel Albuquerque- To acquaint
Prospectus, Shares and Chapter: 10 & 11 _ learners with
Share Capital, Cases elements of
Meetings, Directors  S.P Jain Vs Kalinga Company law
Independent Directors/ Tubes Ltd and the issue of
women directors  Satyam Case Study capital,
administration
and
management of
a company
7 Arbitration Law Daniel Albuquerque- To familiarize
Chapter: 29 learners with
elements of the
Arbitration Act
and arbitration
clause in a
contract
8 Negotiable Daniel Albuquerque: To ascertain
Instruments Act,1881- Chapter: 6 various types
Important Provisions Cases of negotiable
 Dasarth Rupsingh instruments.
Rathod Vs State of
Maharashtra To analyze
provisions

3
 pertaining to
cheque
dishonor and
liability of
company and
managers

9 Consumer Daniel Albuquerque-Chapter: 15 To discuss

Protection Act concepts of
Cases consumer,
 Lucknow service
Development provider,
Authority vs. M.K. deficiency of
Gupta service, etc.
 Skypak Couriers Ltd.
vs. Tata Chemicals To acquaint the
Ltd. learners with
 Indian Medical various
Association vs. V.P. authorities
Santha under the
 M/S Interglobe Consumer
Aviation Ltd vs Protection Act,
N.Satchidanand 1986 and their
jurisdiction.

10 Competition Daniel Albuquerque-Chapter: 12 To familiarize

Law Cases the learners
 DLF Case with elements
of competition
 Google ad space case law like anti-
competitive
agreements,
abuse of
dominant
position, etc
and the general
procedure
under the
Competition
Act