MBA Paper 7: Business Legislation SYLLABUS

Paper 7: Business Legislation

Business Legislation

SECTION A

Unit I: Administration of law & legal system in India - Introduction to legal aspects of Business in

general; Freedom of Trade, Profession and Occupation (Constitutional Provisions).

Unit II: The Companies Act (1956) - Definition & characteristics of a company, Company distinguished

from partnership, Kinds of Companies, Provisions relating to incorporation, lifting the Corporate Veil.

Unit III: Memorandum of Association, Doctrine of ultra-vires, Articles of Association, Doctrine of indoor

management & constructive notice, Concept of Prospectus.

Unit IV: Role & duties of promoter, Shares and Debentures – natures, kinds, transfer and transmission;

Directors – Powers, position and duties.

Unit V: Winding Up of the Company - Types of Winding up- Winding up by Court, Voluntary winding

up , Winding up under the supervision of court and Conduct of winding up.

SECTION B

Unit VI: The Income Tax Act, 1961 - Introduction to Income tax act –Definition of assesse, Residential

status of assesse; Definition of Deduction, Rebate, Relief & Exemption; Heads of Chargeable Income for

salaried.

Unit VII: Indian Contract Act (1872) - a) Definition (Sec.2) b) Essential elements of a valid contract c)

Competency to enter in contracts (Sec. 11 & 12).d) Consent – Free consent, Coercion, undue influence,

fraud, misrepresentation, mistake (sec 13-23).Void Agreement (sec 24-30) f) Consequences of breach of

contract (sec73-75).

Unit VIII: Intellectual Property Act - Scope, Provisions & overview.

Unit IX: Information Technology Act 2000 & Cyber Law - Scope, Provisions & overview; Right to

Information Act 2005.

Unit X: Consumer Protection Act - Scope, Provisions & overview.

Suggested Readings

1.

Bare Acts- Govt. or Private publication

2.

Mercantile Law – Shukla – 30

th

Ed. – S. Chand & Co.

3.

Business Law- N. D. Kapoor – S. Chand & Co.

4.

Company Law – Singh Avtar, 11

th

Ed., Estern Book Co., Lukhnow

5.

Business Law – M. C. Kuchhal, 2

nd

Ed., Vikas Publication House, New DelhI