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Legal Environment of Business
Semester II
Course Objective:
Law permeates every aspect of business and it is essential that a manager has a goodunderstanding of the laws which have an impact on the functioning of corporations. LegalEnvironment of Business envisages to provide the students with the basic knowledge of thelegal system and environment in which corporations function. The objective is to equip thestudents with understanding nuances of laws which are relevant to the day to day functioningof business entities. The focus of the course would be on understanding laws of the land whichimpact 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
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Legal Environment of Business
Semester II
MAPPING UP OF TOPICS AND CASES LEB
S.No.
Tues/Thur
Date
Cases Chapters Detailed syllabusNo. ofSessions
1.2.
30/10/2012
2/11/2012
Introduction to Legal
Environment (2)1. Wings of Trade Ways of Law: AConsensus
Wings of Trade Ways of Law: AConsensus
LEB-ICFAI
Ch1
Classification of Law National
Law and International Law Justice Delivery System in India
1
1
3.
Business Contracts (8)
2. Legal Wrangles of Kaushik
NDKapoor
Part I
Ch 1-4
Nature of contract, offer andacceptance, consideration,capacity to contract.
1
4. 3. Void and Voidable Contracts: The LegalDilemma Ch 6& 7 Legality of object, voidagreements 1
5. 4. Treasure Hunt at Cross Roads Ch 5 Free consent 1
6. 5. Unfurnished Towers and Shattered Plans Ch 8-12 Contingent, performance,Discharge, remedies of contract
1
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S.No.
Tues/Thur
Date
Cases Chapters Detailed syllabusNo. ofSessions
and quasi contracts.
7.8.
6. High TidesHigh Tides
Part 2Ch 1 & 2
Contracts of Indemnity andguarantee, bailment and pledge
2
9. 7. Diamonds, Are they Lucky? Ch 3 Contract of agency 2
10. Diamonds, Are they Lucky?
11. Evaluation Component-1 Case lets and short questions 1
12.
Law Relating to Business Entities(5)
8. Sally Steel Products Pvt. Limited: LegalTangles
NDKapoor
Vol II Ch3-9
Formation of a company,MOA, AoA, prospectus, sharecapital, shares
1
13. 9. You can build or Dismantle the Business Ch 11 Meetings and proceedings 1
14. 10. Riding a Tiger Ch 10 Company management 1
15.
16.
11. Death Warrant
11. Death Warrant
Ch 14-16 Oppression andmismanagement, arrangements,and reconstruction, and windingup.
1
17.18.
19.
20.
Financial Services Legal andRegulatory Environment (5)
12. Regulatory Rhyme for a Sinking Bank13. Bouncing of Cheque is Not Cricket Itis Ticket to Jail
Bouncing of Cheque is Not Cricket It isTicket to Jail
ND
KapoorPart II Ch
6
RBI, Banking Regulation,Negotiable Instruments,
Notes, bills, hundis, and cheques,dishonor of negotiableinstrument
11
1
1
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S.No.
Tues/Thur
Date
Cases Chapters Detailed syllabusNo. ofSessions
21.
14. Insurance Business: A step Towards
Social Commitment15. .Securities and Transparency Trading
Part II Ch8
Law of Insurance
SEBI guidelines1
22.
23.
24.
Business and Tax Law (3)
16. Pleasure of Income and Pain of Tax
17. Belling the Tax-Cat
Belling the Tax-Cat
LEB-ICFAI
Ch 5 Direct Indirect taxes 1
1
1
25. Evaluation Component-II Case lets and short questions 1
26.
27.
28.
29.
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
LEB-ICFAICh 6 Lease, mortgage, gift
Hire purchase, agreement tosale,, pledge, hypothecation,exchange, charge, set off IPR
1
1
1
1
30.
Consumer Protection (1)
21. A journey from Dream to Disputes andRole Reversals
NDKapoor
Part IV Ch1
Consumer Protection Act 1986 1
31.
Environment Protection and Business
Obligation (1)22. Devils Eye and Dreamers Valley
LEB-ICFAI
Ch 10 Environment legislations 1
32.
Alternate Dispute Resolution (1)
23. Speedier Mitigation of Loss throughArbitration: A Last Opportunity
NDKapoor
Part II ChArbitration, conciliation, andmediation
1
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S.No.
Tues/Thur
Date
Cases Chapters Detailed syllabusNo. ofSessions
7
33.Business Transaction and Cyber Law(1)
24. E- Business is not Easy Business
NDKapoor
Part 4 Ch3
The Information Technology Act2000
1
Evaluation Plan:1. Class Participation 40%
a. Round I 10%
b. Round II 15%
c. Round III 15%
2. Non class Participation
a. Quiz 1 (Case lets and shortquestions)
15%
b. Quiz 2 (Case lets and shortquestions)
15%
3. End term 30%
Total 100%
Summary:
Total number of topics: 10
Total number of cases: 24
Total number of sessions: 33
Recommended