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DBA 7107  Legal aspects of business

UNIT I  MERCANTILE AND COMMERCIAL LAW
THE INDIAN CONTRACT ACT 1872  -  Essential of a valid contract, Void
Agreements, Definition of contract,  Formation of a contract, performance of contracts,
breach of contract and its remedies, Quasi contracts.
THE SALE OF GOODS ACT 1930  -  Sales contract, Transfer of title and risk of loss,
Guarantees and Warranties in sales contract, performance of sales contracts, conditional
sales and rights of an unpaid seller.
NEGOTIABLE INSTRUMENTS ACT 1881  -  Nature and requisites of negotiable
instruments. Transfer of negotiable instruments and liability of parties, enforcement of
secondary liability, holder in due course, special rules for Cheque and drafts, discharge
of negotiable instruments.
AGENCY  -  Nature of agency  –  Creation of agency, types of agents, Agent’s authority
and liability of principal and third party: Rights and duties of principal, agents and Third
party, liability of agents torts, termination of agency.
UNIT II  COMPANY LAW  -  Major  principles  –  Nature and types of companies, Formation,
Memorandum and Articles of Association, Prospectus, Power, duties and liabilities of
Directors, winding up of companies, Corporate Governance.
UNIT III  INDUSTRIAL LAW   -  An Overview of Factories Act, Payment of Wages Act,
Payment of Bonus Act, Industrial Disputes Act.
UNIT IV  INCOME TAX ACT AND SALES TAX ACT - Corporate Tax Planning, Overview of
central Sales Tax Act 1956 – Definitions, Scope, Incidence of CST, Practical issues of
CST, Value Added Tax – Concepts, Scope, Methods of VAT Calculation, Practical
Implications of VAT.
UNIT V   CONSUMER PROTECTION ACT AND INTRODUCTION OF CYBER LAWS -
Consumer Protection Act  –  Consumer rights, Procedures for Consumer grievances
redressal, Types of consumer Redressal Machineries and Forums, Cyber crimes, IT Act
2000 and 2002, Cyber Laws, Introduction of IPR  –  Copy rights, Trade marks, Patent
Act.