VIGNANA JYOTHI INSTITUTE OF MANAGEMENT

HYDERABAD
Batch: PGDM (2014-16)

Course Name: Business Laws

Term: II
Credits: 4

Course Instructor: Mr. A. Srinivas Rao

e-mail : srinivas_5172@yahoo.co.in
Objective of the Course
A business will be successful if the entrepreneur/management charts a steady course through the
regulatory and legal frame work of the time while grapping with the traditional constraints viz., economic
and financial. Also, the modern day business is increasingly facing up to its corporate social
responsibility (CSR) as part of prudent business ethics. In view of this present day scenario, it is essential
that a graduate of our B School should be equipped with the requisite knowledge about Business Laws &
Ethics.
Course Outline
The very existence of a corporate entity, especially a listed entity, is governed by the companies act is sine
qua non, Information Technology has revolutionized every aspect of human life, corporate affairs being
no exception. A detailed study of the cyber laws will enable you to keep your employer abreast of the last
rest going-on in the modern corporate world.There is a world of change in the way Business exploited
resources, at the on set of the industrial revolution and the way business is exploited today. A study of the
business environment will give you the modern prospective.
The Foreign Exchange Management Act and the Competition Law acquaint you with the regulatory
framework of our country as regards foreign exchange and competitive environment.The growth of
consumerism in India has prompted the govt. to an act the consumer protection act to safeguard their
interests. A detailed of this Act will help you to prevent the enterprise from falling on the wrong side of
the Law.
Indian Industry, post WTO, is facing a slew of litigation on alleged infringement of the Parents of MNCs.
At the same time, our own corporate giants i.e., Indian MNCs operating aboard have initiated similar
proceeding in the countries of operations. All this litigation means that an in death knowledge of the
Patents Act is absolutely essential.
Learning Outcome
At the end of the course, the student should be able to
1. Appreciate the various legal aspects that will protect the business interest in the day to day
transactions.
2. Understand the Companies Act
3. Understand cyber laws
4. Understand FEMA and Competition Law

Session Plan
Session
No.

Topic

Pre-class
preparation
required
(Chapter
No.)

1
2-8
9-18

Overview of the course

Types of Business Organisations :
Property, Small Private Ltd., Public Ltd. & Corporation
a) Government Control including FEMA, COMPETITION
ACT, IPR
Contract Law
a)Contract Nature, importance, Agreement
Definitions
b) Essential element of valid contract classification of
contract
c) Offer acceptance, Communication of offer, acceptance and
revocation

Annexure
and F

Chapter 1 to
13

d) Consideration, definition and salient feature

e) Capacity to contract Minors, lunatics, drunken or
intoxicated persons
f) Consent, free consent coercion, undue influence, fraud,
Misrepresentation, Mistake of law and fact.
g) Legality of Object void Agreements
h) Contingent and Quasi contracts
i) Performance of contract breach and remedies
j) Indemnity and guarantee
k) Bailment and Agency
19-20

MSME act
Venture Capitalist Act

Chapter 18 to
21

21-29

Company Law ( Companies Act, 2013 )

a) Company-Nature-Definition-Characteristics Types
b) Memorandum of Association Articles of Association
Prospects
c) Membership Rights and Liabilities of Members
d) Share capital and Debentures, Acceptance of Public
deposites
e) Declaration of Dividend
f) Meetings of Company
g) Management and Administration
h) Winding up

Study
Material

30-31

Sale of Goods Act

a)
Conditions and Warranties
b)
Rights of unpaid seller

Chapter 14 to
17

32-34

c) Environment protection and business obligations

Negotiable Instrument Act
Negotiable Instrument Act

Chapter
23

22-

35-37
38-40

41-45

a) Negotiation and Liability

Consumer Protection Act
a) District Forum, State Commissions, National Commission
Composition Procedures and Power
Securities Contracts
a) Recognition of Stock Exchanges
b) Listing of Securities
c) SEBI
e) LLPs
f) Prevention of Money Laundering act
Term Paper Presentations & Viva

Chapter 33
Chapter 34

Text Book:
Business Law By Sheth person publication
Reference Books
a) Kapoor N.D. Pagar Dinkar, Business Laws and Management, Sultan Chand & Sons, New Delhi,
1995.
b) Avatar Singh, Company Law, Eastern Book Company, Lucknow 1996.
c) Taxman, General & Mercantile Laws, Taxman, New Delhi, 1994.
d) Nadhis Business Law, Delhi 1995.

Evaluation:
Mode of Evaluation
Quizzes
Term Paper & Group Presentation
Article summary & Review
Viva
End Term Examination
Total

Weightage
15%
15%(5% for the paper+10 % for
presentation)
10%
10%
50 %
100%

Quizzes to be conducted during the 8th session and 25th session of the course for duration
of 20 minutes each. Quizzes are to be conducted only in the written form.
Term paper to be submitted not later than the 25th session of the course. The term paper
will be a group activity and has to be submitted in 4000- 5000 words which will exclude
the diagrams, charts, tables, reference lists, bibliography etc.
Summary of the article has to be submitted during the 20th session of the course.

Topics for Article Summary and Review:

1.
2.
3.
4.
5.
6.
7.

Consumer Protection Act

Negotiable Instruments Act
Latest changes in Patent
Latest case in Patent
Articles, Prospectus, Public Deposits and Debentures
Management of the company
Meeting of a company under new change 2008

8. Incorporation to memorandum
9. MCA 21 ( Steps in e-filing)
10. Escort Vs LIC of India
11. Latest changes in Trade Marks
Negotiable Instruments Act 1881
12. Harman Electronics Pvt. Ltd. And Another Vs National Panasonic India Ltd.
13. Kumar Exports Vs. Sharma Carpets
14. A.K. Kamarudeen Vs. Bank of India, Chairman and others
15. National Small Industries Corporation Ltd. Vs. State (NCT of Delhi)
16. Sri Krishna Agencies Vs. State of A.P. and Anr
Trade Marks Act
17. World Wide Brands Inc., Gurgaon Vs. Central Warehouse, Bangalore and others
Disciplinary Code
18. ICAI Vs. Shri. Raj Kumar N. Iyer
19. ICAI Vs. Shri. P. V. Mehta
20. ICAI Vs. Shri. P. U. Patil
21. ICAI Vs. Shri Ramesh R Kapadia
Consumer Protection Act 1986
22. SManjul Srinivas Vs. Govt. of U.P. and others
23. Prem Nath Ltd. Vs. Anurag Mittal
Term Paper Topics
a) Amazon,
b) Uber
c) Apple v Sansung

1. Domestic violence
2. Enron and World Com
3. Ministry of Corporate Affairs 21
4. MOA and AOA of a company with a turnover of 100 crores
5. Listing of the securities
6. Patent
7. Grey area in Advertising
8. Trade Marks
9. Corporate Governance
10. Latest changes in Company Act, Amendment Act 2008
11. Role of independent director
Evaluation Criteria for the term paper:
The paper will be evaluated on the basis of the criteria mentioned below:
1.
Conceptual clarity
2.
Self analysis with reasoning and drawing results from various tests
3.
Ability to relate and draw inferences from various experiences and incidences
4.
Clear sketch of the paper, and consistent application of the approach throughout
5.
Relevance of the content (no superfluous or irrelevant information)
6.
Information source, suitable referencing and bibliography
7.
Format and language: clear division into sections, page numbering, language etc.

8.
9.

Students original contribution and creativity

Any plagiarism shall be viewed seriously and the students have to rework.