Masters of Business Administration:Business Laws

COURSE OBJECTIVE
The objective of this course is to acquaint the student with various laws which are to be observed in performing the day-to day business. The emphasis here is on different latest provisions of the law and how these can be used in the best interest of the organization without violating them.

COURSE CONTENTS

Starting a Business Organisation:

Types of Business Organisation: Proprietorship, Partnership and Company
Various Registrations under different acts.

The Indian Contract Act, 1872:
Esentials of a Valid Contract
Void and Voidable Contracts and Void Agreements
Performance of Contracts
Breach of a Contract and its Remedies
Quasi-Contracts

The Sale of Goods Act, 1930:
Formation of a Sales Contract

The Negotiable Instrument Act, 1881:
Nature and Types
Negotiation and Assignment
Holder in due course
Dishonor and Discharge
Crossing of Cheques
The Companies Act, 1956:
Types of Companies, Formation of a Company
Memorandum and Articles of Association
Shareholders and Debenture Holders
Minority Protection, Winding Up

Consumer Protection Act, 1986: Related Definitions
Consumer Rights
Procedures for Complaint under the Act
Nature and Scope of Remedies under the Act
Appeals
Enforcement of Orders and Penalties

The Indian Partnership Act, 1932
Definition and Nature of Partnership
Formation of Partnership
Rights, Duties and Liabilities of Partners
Dissolution of Partnership Firm

The Industries (Development and Regulations) Act, 1951:
Regulation of Scheduled Industries
Powers of IDRA
Industrial Licensing Policy

Right to Information Act, 2005:
Right to Information and Obligations of Public Authorities
The Central Information Commission
The State Information Commission
Powers and Functions of the Information Commissions, Appeal and Penalties