INSTITUTE: University

School of Business
DEPARTMENT: BBA
Bachelor of Business Administration
Subject Name: Commercial & Company Law
Code: 22BAT-262

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 Commercial and Company Law

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Course Outcomes
CO Number Title Level

CO1 Remember
To Identify the legal aspects of law under
Indian Contract Act.
CO2 Understand
To apply of offer and acceptance in laws,
performance and discharge of contract and
its remedies
CO3 Analyse

To analyze the contract of indemnity,

Guarantee and Sale of Goods Act, 1930.

CO4 To evaluate the current laws, rules and Evaluate

regulations related to settling business
disputes and communicate effectively
using standard business and legal
terminology
CO5 Apply
To design a model for free consent related
to elements that make contract voidable
and checking its effect on the contract
Removal of Director
• A director of a company can be removed by
(a) Shareholders (Sec. 169)
(b) The Tribunal (Sec. 242)
Removal by shareholder:
• Section 169 empowers the company to remove a director by
ordinary resolution before the expiry of his period of office
except in the following cases:
(1) A director appointed by the tribunal under sec. 242;
(2) A nominee director of a public financial institution which is
by its charter empowered to nominate a person as a director
or to remove him notwithstanding any power contained in
any other act;
(3) Director appointed in accordance with the principal of
proportional representation, under section 163. This is to
ensure that the directors appointed by the minority are not
removed by a bare majority.
Removal by the Tribunal
• On an application to the Tribunal for prevention of
oppression and mismanagement, the tribunal may
terminate or set aside or modify any agreement
between the company and the managing director,
or any other director or manager. On such
termination, the director cannot serve the company
in a managerial capacity for a period of five years
from the date of the order of termination, without
the permission of the tribunal. The director on
removal cannot sue the company for damages or
compensation for loss of office (Sec. 243).
ASSESSMENT PATTERN

• Understanding of the subject will be assessed through question and answer technique in the
class
• 2 Mid semester tests will be conducted
• Students will appear for online quiz at the end of the semester
• Surprise test to be taken during the semester
• Regular assignments and case study discussion will be done to bring more clarity on the
subject

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APPLICATIONS
• Concept of Indian Contract Act

• Concept and importance Law of contract

• Discharge and Breach of contract

• Agent and various types of Agent.

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References
• Mercantile Law by Garg, Chawla, Sareen, .
• http://www.legalserviceindia.com/laws/contracts.htm
• Elements of Mercantile Law by Kapoor N.D,

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THANK YOU