Programme: Master of Business Administration

(Family Business & Entrepreneurship)

Batch: 2020-22 Term III

Course Title and Code MFB4CCGM02, Business Laws

Credit Hours 3.0

Course Faculty CS. Tejpal Sheth

E-mail Id tejpalsheth@nirmauni.ac.in

Course Blog http;//tejpalsheth.blogspot.in

Contact No. 9426020063

Office hours Tuesday, Thursday 9 to 11 a.m.

I. Course Overview:

Every business is influenced by environment and therefore businessman shall have

good understanding of various factors relating to environment. Environment includes
legal environment. It helps them to decide, to achieve goal, to grow and to compete in
the dynamic world. Understanding the legal structures within India is extremely
important for any entrepreneur or businessman to effectively manage their
organisation. Laws that define and govern businesses and corporations are explained in
this course. Businesses rely on contracts every day, and this course introduces business
students to fundamentals of how contracts are structured what constitutes a default,
how contracts are enforced and what legal remedies might be available also might be
covered.
The course will discuss various legislations like Companies Act 2013, Negotiable
Instrument Act, Factories Act, Consumer Protection Act, Cyber regulations, rules
pertaining to foreign exchange transactions and their applicability, Rules and
regulations applicable to business in general and MSMEs in particular.

II. Course Learning Outcomes

After completing the course, students would be able to:
1. relate the implications of laws to business

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 2. apply the relevant provisions of law to business
3. discuss the laws and entities in Indian business environment

III. Text Book: Tejpal Sheth, (2017). Business Law. Pearson India. 3rd Ed.

IV. Assessment components and schedule:

Weightage
SComponents Overall
of each
Sr. with No. of Schedule Weightage CLO No.
Assessment
No. Assessments (%)
(%)
Submission on or
Group
1. 20 after16th 20 2, 3
Assignment
Session
Individual Submission on or
2. 20 20 2, 3
Assignment after 20th Session
20 After 18 Sessions
3. Class Test 20 1, 2
End term
4. 40 As per schedule 40 1, 2, 3
Examination

V. Session Plan
Sr.
Session details
No
Background of Business law and Sources of Business Law, Indian
Topic
legal system and Structure of Courts in India

Pedagogy Lecture cum discussion

Text Book -----
1
http://gradestack.com/CBSE-Class-8th-Complete/The-
Reading
Judiciary/Structure-of-Courts-in/14850-2940-2330-study-wtw
Case/Exercise ---
CLO 1
Topic Constitution of India - Fundamental right and duties
Pedagogy Lecture cum discussion
Text Book Introduction to Constitution of India – Pg. xxviii to xxxii
2 Reading Bare act of Indian Constitution
Case/Exercise ---

CLO 1

Topic Types of Organizational Forms

Pedagogy Lecture cum discussion
3
Textbook ----
Reading Supplementary material
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Sr.
Session details
No
Case/Exercise ---
CLO 1

Topic Nature of Contract

Pedagogy Lecture cum discussion

Text Book Chapter 1 pp. 1-5
4
Reading Bare act of Indian Contract Act, 1872
Case/Exercise ---
CLO 1, 2
Classification of Contract
Topic
And Essential Elements of a Valid Contract
Pedagogy Lecture cum discussion
Chapter 1 pp. 3, 6-9 and Chapter 2 pp. 13-16, 20-21, Chapter 3 pp.
Text Book
5 31-42, Chapter 4, pp. 48-58
Reading Bare act of Indian Contract Act, 1872
Case/Exercise ---
CLO 2
Topic The Indian Contract Act, 1872: Offer
Pedagogy Lecture cum discussion
Text Book Chapter 2 pp. 13-19
6
Reading Bare act of Indian Contract Act, 1872
Case/Exercise ---
CLO 1, 2
Topic The Indian Contract Act, 1872: Acceptance of an Offer
Pedagogy Lecture cum discussion
Text Book Chapter 2 pp. 20-24
7
Reading Bare act of Indian Contract Act, 1872
Case/Exercise ---
CLO 1, 2
Topic Capacity of Parties and Consideration
Pedagogy Lecture cum discussion
8 Text Book Ch-3 pp.31-42
Reading Bare act of Indian Contract Act, 1872
Case/Exercise ---

Page 3 of 8
Sr.
Session details
No
CLO 1, 2
Topic Free Consent
Pedagogy Lecture cum discussion
Text Book Ch-4 pp.48-60
9
Reading Bare act of Indian Contract Act, 1872
Case/Exercise ---
CLO 1, 2
Topic Performance, Discharge and Breach of a Contract
Pedagogy Lecture cum discussion
Text Book Chapter 6, pp. 84-97, Chapter 7, pp. 102-113
10
Reading Bare act of Indian Contract Act, 1872
Case/Exercise ---
CLO 2, 3
Topic Contract of Indemnity & Contract of Guarantee
Pedagogy Lecture cum discussion
Text Book Chapter 9, pp. 132-141
11
Reading Bare act of Indian Contract Act, 1872
Case/Exercise ---
CLO 1
Definition of negotiable instruments and various considerations
Topic under Negotiable Instruments act 1881 and classification of
Negotiable Instruments
Pedagogy Lecture cum discussion
12 Text Book Chapter 14, pp. 254-261
Reading Bare act of Negotiable Instruments Act, 1881
Case/Exercise ---
CLO 1, 2
Crossing of cheque, Dishonor and discharge of negotiable
Topic
instruments
Pedagogy Lecture cum discussion
13 Text Book Chapter 14, pp. 268-270, 272-277
Reading Bare act of Negotiable Instruments Act, 1881
Case/Exercise ---
CLO 2, 3
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Sr.
Session details
No
Factories Act 1948 -Introduction, Provision regarding hazardous
Topic
processes, license and Working hours of adults
Pedagogy Lecture cum discussion
Text Book ----
14
Reading Bare act of Factories Act, 1948
Case/Exercise ---
CLO 1
Factories Act 1948 - Employment of young persons, Annual leave
Topic
with wages.
Pedagogy Lecture cum discussion
Text Book -----
Reading Bare act of Factories Act, 1948
15
Case/Exercise ---

CLO 2

Topic Shops and Establishments Act 1953

Pedagogy Lecture cum discussion
Text Book ----------
16
Reading Bare act of Shops and Establishments Act, 1953
Case/Exercise ---
CLO 1
Topic Regulations Pertaining to Foreign Exchange Transactions
Pedagogy Lecture cum discussion
Text Book Chapter 16, pp. 305-315
17
Reading Bare act of Foreign Exchange Management Act, 1999
Case/Exercise ---
CLO 1, 2
Topic Regulations Pertaining to Foreign Exchange Transactions
Pedagogy Lecture cum discussion
Text Book Chapter 16, 316-323
18
Reading Bare act of Foreign Exchange Management Act, 1999
Case/Exercise ---
CLO 2, 3

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Sr.
Session details
No
Consumer Protection Act 1986 – Introduction, Consumer, rights of
Topic
consumer and unfair trade practice
Pedagogy Lecture cum discussion
19 Text Book Chapter 15, pp. 288-294
Reading Bare act of Consumer Protection Act, 1986
Case/Exercise ---
CLO 1
Topic Who can file complaint, Consumer Dispute Redressal Forums
Pedagogy Lecture cum discussion
Text Book Chapter 15, pp. 295-299
20
Reading Bare act of Consumer Protection Act, 1986
Case/Exercise ---

CLO 2, 3

Information Technology Act 2000 – Introduction and main

Topic
provisions
Pedagogy Lecture cum discussion
21 Text Book Chapter 17, pp. 330-337
Reading Bare act of Information Technology Act, 2000
Case/Exercise ---
CLO 1, 2
Topic Information Technology Act 2000 – Offences, penalty and cases
Pedagogy Lecture cum discussion
Text Book Chapter 17, pp. 338-350
22
Reading Bare act of Information Technology Act, 2000
Case/Exercise ---
CLO 2
Companies Act 2013 – Types of Companies, how to incorporate
Topic
Company
Pedagogy Lecture cum discussion
Text Book Chapter 18, pp. 354-372
23
Reading Bare act of Companies Act, 2013
Case/Exercise ---
CLO 1, 2
24 Topic Companies Act 2013 – Prospectus, AOA & MOA
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Sr.
Session details
No
Pedagogy Lecture cum discussion
Text Book Chapter 19, pp. 377-401
Reading Bare act of Companies Act, 2013
Case/Exercise ---
CLO 1, 2
Topic Companies Act 2013 – Share Capital
Pedagogy Lecture cum discussion
Text Book Chapter 20, pp. 408-419
25
Reading Bare act of Companies Act, 2013
Case/Exercise ---
CLO 1, 2
Topic Companies Act 2013 – Share Capital and transfer of shares
Pedagogy Lecture cum discussion
Text Book Chapter 20, pp. 420-442
26
Reading Bare act of Companies Act, 2013
Case/Exercise ---
CLO 1, 2
Topic Companies Act 2013 – Meeting and Power of Board
Pedagogy Lecture cum discussion
Text Book Chapter 21, pp. 451-479
27
Reading Bare act of Companies Act, 2013
Case/Exercise ---
CLO 2
Companies Act 2013 – Management of Company-Director,
Topic
Appointment and removal
Pedagogy Lecture cum discussion
Text Book Chapter 22, pp. 486-521
28 Reading Bare act of Companies Act, 2013
Case/Exercise ---

CLO 2, 3

Topic Mechanism of closing of company and revival of Sick Company

29
Pedagogy Lecture cum discussion

Page 7 of 8
Sr.
Session details
No
Text Book ------
Reading Bare act of Companies Act, 2013
Case/Exercise ---

CLO 2, 3

Topic Recent amendment and developments in law

Pedagogy Lecture cum discussion

Text Book ------

30
Reading All Chapters
Case/Exercise ---

CLO 1,2, 3

VI. Reading:
R1. Kumar, R. (2016). Legal Aspects of Business. New Delhi: Cengage Learning
India. 4th Ed.
R2. Bulchandani, K.R. (2014) , Business Law for Management. Himalya Publishing
House. 7th Ed.
R3. Tulsian, P.C. (2008). Business Law, Tata McGraw Hill 2nd Ed.
R4. Kapoor, N.D. Business Law, Sultan Chand & Sons, New Delhi
R5. Gogna, P.P.S. Business Law, New Age Publishing Company
R6. Goel, A. Business Law. V K Publications
R7. Kuchhal, M. C. Mercantile Law. Vikas Publications

VII. Instructions: N.A.

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