Legal Environment of Business Semester II Course Objective: Law permeates every aspect of business and it is essential that a manager

has a good understanding of the laws which have an impact on the functioning of corporations. Legal Environment of Business envisages to provide the students with the basic knowledge of the legal system and environment in which corporations function. The objective is to equip the students with understanding nuances of laws which are relevant to the day to day functioning of business entities. The focus of the course would be on understanding laws of the land which impact the world of business to enable the managers take informed decisions.

Recommended Text: Elements of Mercantile Law Kapoor, N D. Sultan Chand & Sons 2010 Additional References: Legal Environment of Business, ICFAI Banking Law and Practice, 22nd Edition Varshney, PN. Sultan Chand & Sons 2009 Legal Aspects of Business, Ravinder kumar Cengage Learning India Pvt Ltd

Legal Environment of Business Semester II

MAPPING UP OF TOPICS AND CASES LEB
S. No. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. Date Cases Introduction to Legal Environment (2) 1. Wings of Trade Ways of Law: A Consensus Wings of Trade Ways of Law: A Consensus Business Contracts (8) 2. Legal Wrangles of Kaushik 3. Void and Voidable Contracts: The Legal Dilemma Chapters LEB-ICFAI Ch1 ND Kapoor Part I Ch 1-4 Ch 6& 7 Ch 5 Ch 8-12 Part 2 Ch 1 & 2 Ch 3 Detailed syllabus Classification of Law National Law and International Law Justice Delivery System in India Nature of contract, offer and acceptance, consideration, capacity to contract. Legality of object, void agreements Free consent Contingent, performance, Discharge, remedies of contract and quasi contracts. Contracts of Indemnity and guarantee, bailment and pledge Contract of agency Case lets and short questions No. of Sessions 1 1 1 1 1 1 2 2 1

1/11/2011 2/11/2011 8/11/2011 9/11/2011

15/11/2011 4. Treasure Hunt at Cross Roads 16/11/2011 5. Unfurnished Towers and Shattered Plans 22/11/2011 6. High Tides 23/11/2011 High Tides 29/11/2011 7. Diamonds, Are they Lucky? 30/11/2011 6/12/2011 Diamonds, Are they Lucky? Evaluation Component-1

S. No. 12. 13. 14. 15. 16.

Date

Cases Law Relating to Business Entities(5)

Chapters ND Kapoor Vol II Ch 3-9 Ch 11 Ch 10 Ch 14-16

Detailed syllabus Formation of a company, MOA, AoA, prospectus, share capital, shares Meetings and proceedings Company management Oppression and mismanagement, arrangements, and reconstruction, and winding up.

No. of Sessions 1 1 1 1

7/12/2011

8. Sally Steel Products Pvt. Limited: Legal Tangles

13/12/2011 9. You can build or Dismantle the Business 14/12/2011 10. Riding a Tiger 20/12/2011 11. Death Warrant 21/12/2011 11. Death Warrant Financial Services Legal and Regulatory Environment (5)

17. 18. 19. 20. 21. 22. 23. 24. 25.

27/12/2011 12. Regulatory Rhyme for a Sinking Bank 28/12/2011 13. Bouncing of Cheque is Not Cricket It is Ticket to Jail 3/01/2012 4/01/2012 Bouncing of Cheque is Not Cricket It is Ticket to Jail 14. Insurance Business: A step Towards Social Commitment

ND Kapoor Part II Ch 6

Part II Ch 8

RBI, Banking Regulation, Negotiable Instruments, Notes, bills, hundis, and cheques, dishonor of negotiable instrument Law of Insurance SEBI guidelines

1 1 1 1 1

10/01/2012 15. .Securities and Transparency Trading Business and Tax Law (3) 11/01/2012 16. Pleasure of Income and Pain of Tax 17/01/2012 17. Belling the Tax-Cat 18/01/2012 Belling the Tax-Cat 24/01/2012 Evaluation Component-II Property Law for Business (4) LEB-ICFAI LEB-ICFAI Ch 5

Direct Indirect taxes

1 1 1 1

Case lets and short questions

S. No. 26. 27. 28. 29. 30.

Date

Cases

Chapters Ch 6

25/01/2012 18. Smart Plans Bumpy Finale 31/01/2012 19. No Friend & No Foe in Business 1/02/2012 No Friend & No Foe in Business 7/02/2012 20. Identity of Identical Names Consumer Protection (1) 8/02/2012 21. A journey from Dream to Disputes and Role Reversals 14/02/2012 Environment Protection and Business Obligation (1) 22. Devils Eye and Dreamers Valley Alternate Dispute Resolution (1) 15/02/2012 23. Speedier Mitigation of Loss through Arbitration: A Last Opportunity Business Transaction and Cyber Law (1) 21/02/2012 24. Cyber Plan Legal Chains 1. Class Participation a. Round I b. Round II c. Round III 2. Non class Participation a. Written Analysis of Cases b. Quiz 1 (Case lets and short questions) c. Quiz 2 (Case lets and short questions) 3. End term Total 40% 10% 15% 15% 30%

No. of Sessions Lease, mortgage, gift 1 Hire purchase, agreement to sale,, 1 pledge, hypothecation, exchange, charge, 1 set off IPR 1 Detailed syllabus Consumer Protection Act 1986 1

ND Kapoor Part IV Ch 1 LEB-ICFAI Ch 10 ND Kapoor Part II Ch 7 ND Kapoor Part 4 Ch 3

31. 32. O 33.

Environment legislations Arbitration, conciliation, and mediation The Information Technology Act 2000

1 1 1

Evaluation Plan:

Summary: Total number of topics: 10 Total number of cases: 24 Total number of sessions: 33

30% 100%

Written Analysis of Case