Syllabus

Hindustan Institute of Management
PGDM Trimester III


Subject Title: LEGAL ASPECTS OF BUSINESS
Number of Credit Hours: 3 (Three)
Course Code:


Course Objective:
The objective of this course is to provide the students with practical legal knowledge of general business law issues and topics to help become more informed, sensitive and effective business leaders.


Unit I (2 L)
Introduction to Law - Salient Features of Constitution of India, Structure of Judiciary and Legislation, Legal terminology


Unit- II (8 L)
Indian Contract 1872
Classification of contract – Essential elements of a valid contract - offer - acceptance - communication and revocation of offer, acceptance, consideration, capacity of parties - consent - free consent - Flaw in consent - Coercion - Undue-influence - Fraud - Misrepresentation - Mistake - legality of objects - Illegal and Immoral agreements and agreements opposed to public policy - Breach of contract - Remedies for breach of contract - Contingent contract, performance of contract - Contracts of guarantee, Indemnity bailment - Agency

Unit III (6 L)
Sale of Goods Act, 1930
Classification of goods, Conditions & Warranties, Passing of Property, Rights of an unpaid seller, Remedies for breach of Contract of Sale of Goods.
Indian Partnership Act, 1932
Definition and Nature of Partnership; Formation of Partnership; Rights, Duties and Liabilities of Partners; Dissolution of Partnership Firm

Unit IV (8 L)
Negotiable Instruments Act, 1881
Negotiable Instruments; Parties to a Negotiable Instrument; Presentment of Negotiable Instrument; Negotiation of Negotiable Instrument; Dishonour of a Negotiable Instrument; Discharge of Parties from Liability
Companies Act 1956
Definition, Characteristics and Kinds of Companies, Steps in Formation of Company. Memorandum of Association, Articles of Association. Directors: Appointment, Power, Duties and Liabilities of Directors. Meeting and Resolutions: Types of Meetings.


Unit V (4L)
Brief overview –
Consumer Protection Act 1986
Competition Act 2002


Suggested Readings:

Kuchhal M.C. Business Law, (Vikas)
Tulsian P.C. Business Law (Tata Mc Graw- Hill)
Kapoor N. D. Elements of Mercantile Law, (S.Chand And Sons).
Gulshan S.S., Business Law 1st Ed. 2001, Excel Books
Basu, B.B, Constitution of India
MP Singh, Constitution of India
Taxmann’s (Rohini Goel) Students guide to Corporate Laws
Datey V.S., Students Guide to Corporate Laws, Taxman’s, 2000 Ed.
Maheswari and Maheswari, Company Law
Singh Avtar, Company Law
Saharay H.K., Company Law
Bagrial Ashok K, Company Law
Shah S.M. & Kantawala R.M., Lectures on Company Law
Wadhwa, Companies Act
Puliani Ravi & Puliani Mahesh, Bharat’s Corporate Laws
Majumdar A.K. or Kapoor G.K, Taxman’s Students Guide to Co. Law, 2000
Bare Acts

Newspapers
Times of India,
Hindustan Times
Economic Times

Cases
All India Reporter
Supreme Court Cases
Supreme Court Reports

Websites
• www. legalserviceindia.com • www.Supremecourtofindiacaselaw.com
www.indlaw.com • www.lexsite.com
www.india-laws.com • http://www.companylawinfo.com