The Objective of this course is to acquaint the students with the concepts of The Indian Contract Act, Partnership Act and Companies Act.
Contract: - Meaning of contract, Types, Essentials of Valid Contract,
Void agreements: Meaning, Types. Proposal and Acceptance: Meaning, legal rules as to the offer
Contractual capacity: Meaning, Minors (effects of minor’s agreements), Person of unsound mind, Free consent.
Consideration: Meaning, legal rules, privity of contract, Legality of object.
Meaning, Valid essentials, Rules as to the enforcement of contingent contract
Performance of contract: Meaning, Modes of performance,
Discharge of contract: modes of discharge of contract, Remedies and types of breach of contract.
Contract of Indemnity and Guarantee, Contract of Bailment and Pledge, Quasi Contracts
Contract of Agency: meaning, essentials, creation and termination of agency
Contract of sale, Meaning and difference between sale and agreement to sell,
Conditions and warranties,
Transfer of ownership in goods including sale by non-owners,
Performance of contract of sale,
Unpaid seller- meaning and rights of an unpaid seller against the goods and the buyer.
Meaning, nature of partnership firm, partnership deed, Registration, types of partners, Mutual Rights and duties, reconstitution of the firm.
Limited Liability Partnership Act, 2008:
Silent features of LLP, Preliminary, Nature of LLP, Incorporation of LLP Partnership and Incidental Matters, Partners and their relations, Extent and limitation of LLP and ITS Partners, Financial Disclosures, Winding up and Dissolution
Formation of company, Incorporation, MOA, AOA, Prospectus, Statement in lieu of prospectus
,Shares, Debentures,
Appointment, Directors and Powers, Meetings- Proceedings, Winding up (Voluntary, under
court’s supervision), Silent Features of Companies Act 2013.
• Singh Avtar, Indian Company Law, Eastern Book Company
• Aggarawal, Rohini, Student’s guide to Mercantile & Commercial Laws, Taxmann Allied Services Pvt. Ltd., New Delhi.
• Kapoor, N. D., Elements of Mercantile Law, Sultan Chand & Sons, New Delhi
• Tulsian, P. C., Business Law, Tata McGraw-Hill Publishing Company, New Delhi, 2006.
• Datey, V.S., Business and Corporate Laws, Taxmann Allied Services Pvt. Ltd., New Delhi
• Singh, Nirmal, Business Laws, Deep & Deep Publications Pvt. Ltd., New Delhi
• Gulshan, S. S., Business Law, Excel Books, New Delhi
• Krishnamurti D S R, Company Law, Taxmann, New Delhi, 2007
Links:
[1] https://hrbusiness.iisuniv.ac.in/courses/subjects/business-legislations-1
[2] https://hrbusiness.iisuniv.ac.in/academic-year/2019-2020