Page 18 - MBA curriculum and syllabus R2017 - REC

Department of MBA, REC

BA17107 LEGAL ASPECTS OF BUSINESS LT P C
3 0 0 3
OBJECTIVE

To create the knowledge of Legal perspective and its practices to improvise the business.

UNIT – I THE INDIAN CONTRACT ACT 1872 9

Definition of contract, essentials elements and types of a contract, Formation of a contract, performance of
contracts, breach of contract and its remedies, Quasi contracts - Contract Of Agency: Nature of agency,
Creation and types of agents, Authority and liability of Agent and principal: Rights and duties of principal
and agents, termination of agency.

UNIT – II THE SALE OF GOODS ACT 1930 9

Nature of Sales contract, Documents of title, risk of loss, Guarantees and Warranties, performance of sales
contracts, conditional sales and rights of an unpaid seller - Negotiable Instruments Act 1881: Nature and
requisites of negotiable instruments. Types of negotiable instruments, liability of parties, holder in due
course, special rules for Cheque and drafts, discharge of negotiable instruments.

UNIT – III COMPANY LAW I 9

Major principles – Nature and types of companies, Formation, Memorandum and Articles of Association,
Prospectus.

UNIT – IV COMPANY LAW II 9

Allotment (commission, premium, discount)- shares & debenture – types- shareholder rights – certificate-
transfer – meetings and proceedings – appointment, Remuneration, Power, duties and liabilities of
Managerial Personnel-company law board - winding up of companies- Offenses and penalties. Overview of
companies act 2013,

UNIT - V CONSUMER PROTECTION ACT AND INTRODUCTION OF CYBER LAWS 9
Consumer Protection Act – Consumer rights, Procedures for Consumer grievances redressal, Types of
consumer Redressal Machinaries and Forums- - Cyber crimes, IT Act 2000 and 2002, Cyber Laws,
Introduction to GST.

TOTAL: 45 PERIODS
OUTCOMES

After completing the course, the Learners should be able to:
1. Legal insight will be established in the business practices according to the situation of changing
environment.
2. Understand the significance of contracts and procedure for entering into valid contracts.
3. Will gain knowledge on the significant aspects of sales of goods act.
4. Will gain knowledge on companies from formation to dissolving in a legal perspective.
5. The significance of consumer protection and cybercrimes will be learnt by the students.

TEXTBOOKS

1. N. D. Kapoor, Elements of mercantile Law, Sultan Chand and Company, India, 2006.

Curriculum and Syllabus | Master of Business Administration | R2017 Page 18