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Thursday 21 April 2011

MBA Second Year (Third Semester) Paper code: 2303/50903 BUSINESS LEGISLATION SYLLABUS

COURSE OBJECTIVE:
The course is designed to provide an understanding of legal processes involved in management of an organization. The main focus is on understanding basic laws affecting the operation of a Business Enterprise.
UNIT-I The India Contract Act: Essentials of a valid contract, void agreement, performance of contracts, breach of contract and its remedies, Quasi-Contracts.
UNIT-II The Sale of Goods Act: Contract of sale of goods, conditions and warranties, transfers of property, rights of an unpaid seller; the negotiable instruments act; nature and types; negotiation and assignment holder-in due course, dishonour and discharge of a negotiable instrument, arbitration.
UNIT-III The Company Act 1956: Nature and types of companies; formation; memorandum and articles of association; prospectus, shares and share capital, allotment of shares.
UNIT-IV Membership; borrowing powers; management and meeting; accounts and audit; compromise arrangements and reconstruction; prevention of oppression and mismanagement; winding up; Consumer Protection Act and Cyber Law.
Suggestion Reading:
1. Kuchhal, M.C. and Deepa Parkash, Business Legislation Management, Vikas Publishing House Pvt. Ltd.
Khergamwala, J.S., The Negotiable Instrument Acts, N.M. Tripathi, Bombay, 1980.
Ramaiyam, A., guide to the Companies Act, Wadhwa, Nagpur, 1992
Shah, S.M., Business Law for managers, Sultan Chand, New Delhi, 1998
Tulisian P.C., Business Law, TMH. New Delhi.
Note:
One case study be discussed – per unit – in the class.
2. Instruction for External Examiner: The question paper will have of two sections. Section ‘A’ shall comprise 8 questions (2 questions from each unit). The students will be required to attempt four questions (one question from each unit). Section ‘B’ will contain one CASE STUDY which will be compulsory. All the five questions will carry equal marks.

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