Lovely Professional University, Punjab

Course Code MGT518 Course Category Course Title CORPORATE AND BUSINESS LAWS Courses with numerical and conceptual focus Course Planner 15690::Anjanjot Lectures 3.0 Tutorials Practicals Credits 1.0 0.0 4.0

TextBooks Sr No T-1 Title Legal Aspects of Business Reference Books Sr No R-1 R-2 R-3 R-4 R-5 Other Reading Sr No OR-1 OR-2 OR-3 OR-4 OR-5 OR-6 Journals articles as Compulsary reading (specific articles, complete reference) "Contract Management-Legal and Regulatory Framework" By Kumar Naresh; source: http://www.icsi.edu/cs/July%202011/Articles/Contract%20Management , "Banking Frauds in emerging Markets" by Kumar Naveen; source: http://www.icsi.edu/cs/May%202011/Articles/Banking%20Frauds%20in%20Emerging , "Execution of contracts and Legal Remedies available for breach of contract" By Dagar Kailsah; source:http://www.icsi.edu/cs/March %202011/Articles/Execution , " Limited Liability Vs Partnership" By shanks sanam; source: http://jurisonline.in/2010/05/limited-liability-partnership-vs-partnership/ , , "Corporate Governance Reforms and Financial Disclosures" By sanan Neeti; source: http://web.ebscohost.com/ehost/pdfviewer/pdfviewer?sid=00bc6696- 85a1- , "The Enron Trail Drama: A new case for Stakeholder Theory" By Powell Russel; source: http://papers.ssrn.com/sol3/papers.cfm? , Title Principles of Mercantile Law Mercantile Law Mercantile Law Business Law for Management Mercantile Law Author Avtar Singh S S Gulsan N D kapoor K R Bulchandani M C Kuchhal Edition 7th 3rd 29th 6th 7th 2010 2011 2010 2010 Year Publisher Name Eastern Publication EXCEL BOOKS S. Chand HIMALAYA PUBLISHING HOUSE Vikas Publication Author Ravinder Kumar Edition 2nd Year 2011 Publisher Name Cengage Learning

Relevant Websites Sr No RW-1 RW-2 RW-3 RW-4 RW-5 (Web address) (only if relevant to the course) www.legalserviceindia.com http://www.clb.nic.in/ www.lawcommissionofindia.nic.in/1-50/reports.pdf www.mca.gov.in/.../dca/actsbills/.../Companies_Act _1956_Part_1.pdf http://jurisonline.in/2009/02/snap-shot-of-companies-bill-2008/ Salient Features Cases and examples on Indian legal aspects Latest procedural guidelines for companies Various mercantile laws related articles are available Information about acts, bills, rules & information reports Snapshot of Companies Bill

RW-6 RW-7 RW-8 RW-9 RW-10 RW-11 RW-12 RW-13 RW-14 RW-15 RW-16 RW-17 RW-18 RW-19 RW-20 RW-21 RW-22 RW-23 RW-24 RW-25

http://www.rkdewan.com/iprOverviewPatent.jsp http://www.authorstream.com/Presentation/gurvinderjeet- 339526informationtechnologywww.icai.org/resource_file/19056comp_sugans_pe2_bcl_cp1.pdf www.slideshare.net/WelingkarDLP/dischargeperformance-ofcontract www.findlegalforms.com/forms/service-agreements/ books.google.co.in/books?isbn=0070635498... ( Tulsian ) www.slideshare.net/wizkidrx/companies-act-195 www.mca.gov.in/.../dca/actsbills/.../Companies_Act _1956_Part_1.pdf www.mca.gov.in/MCA21/ http://www.vakilno1.com/bareacts/companiesact/companiesacts.htm www.lawyersclubindia.com www.dateyvs.com/gener04.htm www.corecentre.co.in/database/docs/docfiles/goods_act.pdf www.goldsmithibs.com/.../Breach-of-Contract/.../Breach-of-Contractwww.lawyersnjurists.com/.../contract/chapter-7-indemnity-and-guara... http://www.authorstream.com/Presentation/gurvinderjeet- 339526informationtechnologywww.corecentre.co.in/Database/Docs/DocFiles/protection.pdf www.dateyvs.com/gener10.htm www.caclubindia.com www.scribd.com

IPR Act IT Act Law of Contracts Performance and Discharge of contract Service agreements Tender Details of Companies Act Companies Act E-governance Companies Act E Contract and online sales Indian Partnership Act Sale of Goods Breach of contract and remedies Contract of Indemnity IT Act Consumer Protection Act Negotiable Instruments Details of various topics in this course Details of various topics in this course

LTP week distribution: (LTP Weeks) Weeks before MTE Weeks After MTE Spill Over 7 6 2

Detailed Plan For Lectures

Week Number

Lecture Number

Broad Topic(Sub Topic)

Chapters/Sections of Text/reference books

Other Readings, Lecture Description Relevant Websites, Audio Visual Aids, software and Virtual Labs RW-8 Meaning, Essentials, Types of contracts

Learning Outcomes

Pedagogical Tool Demonstration/ Case Study / Images / animation / ppt etc. Planned Power point presentation

Week 1

Lecture 1

Contract - Introduction(Essentials & types of contract)

T-1:Ch-1

Understanding the important features of contract and various types of contracts Possess basic knowledge of the process of establishing a contract

Lecture 2

Contract - Introduction(formation of contract)

T-1:Ch-1

OR-1 RW-8

Meaning, Essentials, Types of contracts

Power point presentation

Contract - Introduction(Tender)

T-1:Ch-9

RW-24

Meaning of tender

Have knowledge of the Power point fundamentals of tender presentation in terms of performance of contract Power point presentation

Contract - Introduction(Service Agreement & Hire - Purchase agreement)

R-4:Ch-3

RW-10 RW-24

Meaning of service and Ability to distinguish hire purchase agreement between a contract, service Agreement andHire Purchase agreement Legal Rules of valid offer, acceptance, consideration and free consent Legal Rules of valid offer, acceptance, consideration and free consent Meaning and modes of performance of contract Identify the rules for creating a valid contract, in terms of offer, acceptance, consent etc Identify the rules for creating a valid contract, in terms of offer, acceptance, consent etc Gaining an understanding about when and how a contract is treated performed

Lecture 3

Contract - Introduction(Essentials of Valid offer ,Acceptance, Consideration and free Consent)

T-1:Ch-2 Ch-3

RW-8

Case studies

Week 2

Lecture 4

Contract - Introduction(Essentials of Valid offer ,Acceptance, Consideration and free Consent)

T-1:Ch-2 Ch-3

RW-8

Case studies

Lecture 5

Contract Act(Performance of Cotract)

T-1:Ch-9

RW-9

Case studies

Contract Act(Discharge of Contract)

T-1:Ch-9

RW-9

Meaning and modes of discharge of contract

Ability to analyze how Case studies a party to a contract is discharged from his liabilities Understanding the Case studies remedies available to aggrieved party in case of breach of contract Power point presentation

Lecture 6

Contract Act(Breach of contract and remedies available in case of breach) Indemnity & guarantee(Contract of Indemnty & Guarantee)

T-1:Ch-10

OR-3 RW-19

Breach of contract and remedies available in case of breach

T-1:Ch-11

RW-20

Meaning and difference Identifying of contract of indemnity the utility of the and guarantee Contract of Indemnity and Guarantee

Week 3

Lecture 7

Indemnity & guarantee(Contract of Indemnty & Guarantee)

T-1:Ch-11

RW-20

Meaning and difference Identifying of contract of indemnity the utility of the and guarantee Contract of Indemnity and Guarantee Rights of surety, Methods of discharging surety

Power point presentation

Indemnity & guarantee(Rights and discharge of surety)

T-1:Ch-11

RW-20

Critical understanding Power point of presentation the methods by which a surety is freed from his liabilities under guarantee contract Ability to distinguish between sale and agreement to sell, and various types of goods covered under this law Power point presentation

Lecture 8

Sale of Goods act(Contract of sale)

T-1:Ch-14

RW-18

Meaning os sale and agreement to sell, Essentials of sale contract, Types of goods Express and implied conditions and warranties, concept of caveat emptor

Lecture 9

Sale of Goods act(Condition & Warranty)

T-1:Ch-15

RW-18 RW-25

Be able to identify and Case studies formulate the legal issues involved in a sale contract, in terms of conditions and warranties Understanding the basic Power point concept presentation of transfer of property under sale contract Understanding the concept of trasfer of title,ownership Case studies

Week 4

Lecture 10

Sale of Goods act(Transfer/ passing of property)

T-1:Ch-16

RW-18

Rules for passing of property, in case of different types of goods Rules of transfer of title

Sale of Goods act(Transfer of title)

T-1:Ch-16

RW-18

Sale of Goods act(Performance of Contract)

T-1:Ch-16

RW-18 RW-25

Delivery of goods, rights Abiity to practically and duties of the buyer apply the cocepts and seller related to delivery and rights, duties of both the parties of contract of sale Remedies under Sale of goods act for breach of contract of sale Gaining knowledge of the remedies available to aggrieved party in case of breach of sale contract

Case studies

Lecture 11

Sale of Goods act(Remedies for Breach of contract of sale)

T-1:Ch-17

RW-18

Power point presentation

Sale of Goods act(Rights of unpaid seller) Lecture 12 Week 5 Lecture 13 Carriage of goods(Road)

T-1:Ch-17

RW-18

Rights of unpaid seller against goods Test 1

Basic knowledge about Case studies the legal rights of an unpaid seller Basic understanding of Power point the concept of shipment presentation from the legal aspect

R-3:Ch-9

RW-11

Carriage of goods by road and rail

Week 5

Lecture 13

Carriage of goods(By sea & air)

R-3:Ch-9

RW-11

Carriage of goods by sea The student will learn Power point and air the concept of shipment presentation from the legal aspect nformation Technology Act 2000 Definitions and Scope , Introduction of Legal aspect of E Contracting and Online Sales Provisions for egovernance like despatch and acknowledgement Meaning of cyber crimes , Digital Signature , Electronic Governance Regulations of Certifying Authorities , Duties of Subscribers nformation Technology Act 2000 Definitions and Scope , Introduction of Legal aspect of E Contracting and Online Sales Having knowledge of, and ability to use thr fundamental concepts of information technology for the purpose of ecommerce Understanding about the egovernance of electronic records Power point presentation

Lecture 14

IT Act(E - Commerce (E Contract & Online Sales ))

R-4:Ch-8

RW-16

IT Act(E - Governance)

T-1:Ch-35

RW-7

Power point presentation

IT Act(Cyber crimes)

T-1:Ch-35

RW-21

Understanding the Case studies practical aspect of how IT Act regulates the online transactions and how it attempts to ensure the security Having knowledge of, and ability to use thr fundamental concepts of information technology for the purpose of ecommerce Power point presentation

E - Commerce(Legal aspect of E Contracting and Online Sales)

R-4:Ch-8

RW-16

Lecture 15

IT Act(Penalities , Compensation and Adjudication)

T-1:Ch-35

RW-1

Introduction of Penalities Basic knowledge about Power point , Compensation and solving disputes related presentation Adjudication to information technology Meaning of cyber crimes , Digital Signature , Electronic Governance Regulations of Certifying Authorities , Duties of Subscribers Provisions for egovernance like despatch and acknowledgement Cyber Regulations Appellate Tribunal Understanding the Case studies practical aspect of how IT Act regulates the online transactions and how it attempts to ensure the security Understanding about the egovernance of electronic records Knowledge about the procedure of making appeals to the tribunal and its functioning Knowledge about the procedure of making appeals to the tribunal and its functioning Power point presentation

IT Act(Cyber crimes)

T-1:Ch-35

RW-21

IT Act(E - Governance)

T-1:Ch-35

RW-7

IT Act(Tribunal)

T-1:Ch-35

RW-7

Power point presentation

Week 6

Lecture 16

IT Act(Tribunal)

T-1:Ch-35

RW-7

Cyber Regulations Appellate Tribunal

Power point presentation

Week 6

Lecture 16

IT Act(Penalities , Compensation and Adjudication)

T-1:Ch-35

RW-1

Introduction of Penalities Basic knowledge about Power point , Compensation and solving disputes related presentation Adjudication to information technology Test 2 Introduction and composition of Consumer dispute redressal agencies and forums Consumer Protection Act, 1986 Gaining knowledge Case studies about the authorities available to consumers for grievance redressal Gaining knowldge of, and understanding the practical utility of the law for consumer benefit Power point presentation

Lecture 17 Lecture 18 Consumer protection Act(Forum) T-1:Ch-33 RW-22

Consumer protection Act(Rights of Consumer)

T-1:Ch-33

RW-22

Week 7

Lecture 19

Consumer protection Act (Remedies available to consumer)

T-1:Ch-33

RW-22

Introduction and composition of Consumer dispute redressal agencies and forums

Basic knowledge of the Power point remedies a consumer presentation can get and from where and how a consumer can avail those remedies

Consumer protection Act(Appeal)

T-1:Ch-33

RW-22

Procedure of making Having knowldge of the Power point appeal to various appeal filing procedure presentation authorities under this Act for the consumers Infringement of IPR and Basic understanding of Power point Remedies avalable in Infringment of IPR and presentation case of Infringement Remedies avalable in case of Infringement Meaning and Types of IPR , Difference between Patent ,Copy right and Trademark Registration process of Patent, Trademark and Copyright Types of IPR, Infringement of IPR and Remedies avalable in case of Infringement Appeal , Jurisdiction of Court and Penalities Understanding of rights available to intellectual property holders Power point presentation

Lecture 20

IPR(Types , Registration , Protection , infringement and Remedies) IPR(Types of IPR)

R-2:Ch-15

RW-6

R-2:Ch-15

RW-6

IPR(Registration)

R-2:Ch-15

RW-6

Basic knowledge of the Power point process for getting presentation patents and trademarks registered Basic understanding of Case studies Infringment of IPR and Remedies avalable in case of Infringement Gaining a practical insight into the procedures for settling disputed of IPRs Case studies

Lecture 21

IPR(Protection , infringement and Remedies)

R-2:Ch-15

RW-6

IPR(Appeal , Penalites & Claim)

R-2:Ch-15

RW-6

MID-TERM

Week 8

Lecture 22

Negotiable Intrument Act (Essentials & Types of Negotiable Intruments) Negotiable Intrument Act(Parties of Negotiable instrument)

T-1:Ch-22

RW-3 RW-23

Essentials and Types of Negotiable Intruments

Gaining a basic understanding of the features and types of negotiable instruments

Powerpoint presentation

T-1:Ch-23

RW-23

Parties of Negotiable instrument

Undertanding about the Powerpoint capacity of various presentation parties of negotiable instruments Gaining knowledge about how to cross the cheque, and its utility Powerpoint presentation

Negotiable Intrument Act(Crossing of cheque)

T-1:Ch-22

RW-23

Crossing of cheque

Lecture 23

Negotiable Intrument Act (Presentation and dishononor of Cheque) Negotiable Intrument Act(Rights & liability of Parties of cheque.)

T-1:Ch-26

RW-23

Presentation and dishononor of Cheque

Practical insight of Case studies the rules related to presentation of cheque and dishonor of cheque Case studies

T-1:Ch-26

RW-1 RW-24

Rights liability of Critical understanding Parties of cheque in case of of dishonor the rights and liability of parties in case of dishonor of cheque Meaning and Charecteristics of company

Lecture 24

Company Act- Introduction (Charecteristics)

T-1:Ch-28

RW-4

Basic knowledge about Powerpoint the presentation company and its difference from partnership firm Indepth knowledge of various types pf companies Powerpoint presentation

Company Act- Introduction(kinds of company) Company Act- Introduction (Difference between Company and partnership)

T-1:Ch-28

RW-13

Kinds of company

T-1:Ch-28

RW-12

Difference between Company and partnership

Basic knowledge about Powerpoint the presentation company and its difference from partnership firm Practical utility of the concept of corporate veil Gaining knowledge about the procedure of getting a company incorporated Gaining knowledge about the procedure of getting a company incorporated Case studies

Company Act- Introduction(lifting of corporate viel) Week 9 Lecture 25 Formation of company (Incorporation)

T-1:Ch-28

RW-13

Lifting of corporate veil

T-1:Ch-29

RW-13

Procedure of Incorporation of company MOA , AOA and other documents required for incorporation

Powerpoint presentation

Formation of company(MOA , AOA and other documents)

T-1:Ch-29

RW-13

Powerpoint presentation

Week 9

Lecture 25

Formation of company(Forms & MCA21)

T-1:Ch-29 R-3:Vol-2 Ch-3

RW-13

Forms and MCA21

Gaining knowledge about the procedure of getting a company incorporated Gaining knowledge about the procedure of getting a company incorporated

Powerpoint presentation

Formation of company(ROC , Conclusiveness of certificate , commencement of Business Certficate) Lecture 26 Memorandum of Association (Contents of Memorandum of association)

T-1:Ch-29

RW-15

ROC , Conclusiveness of certificate , commencement of Business Contents of Memorandum

Powerpoint presentation

T-1:Ch-29

RW-15

Possess knowledge and Powerpoint importance of the presentation memorandum of association of a company Possess knowledge of the procedure for alteration of the memorandum of association of a company Understanding the practical implications of the doctrine of ultra vires Demonstrate an understanding of the significance of articles of association Powerpoint presentation

Memorandum of Association (Alteration of Memorandum of association)

T-1:Ch-29

RW-15

Procedure of alteration of memoranum

Lecture 27

Memorandum of Association (Doctrine of Ultra vires)

T-1:Ch-29

RW-15

Doctrine of ultra vires

Case studies

Week 10

Lecture 28

Articles of Association(Contents of Articles of association)

T-1:Ch-29

RW-12

Contents of Articles of Association

Powerpoint presentation

Articles of Association(Alteration of Articles of association) Lecture 29 Articles of Association(Doctrine of Indoor management)

T-1:Ch-29

RW-13

Procedure for Alteration Basic understanding of Powerpoint of Articles of association the procedure for presentation altering the articles Doctrine of Indoor management Understanding the practical implications of the doctrine of indoor management Gaining knowledge about the contents of a companys prospectus Case studies

T-1:Ch-29

RW-13

Lecture 30

Raising of capital(Prospectus)

T-1:Ch-29

RW-4

Contents of prospectus, liability for mis statement in prospectus Test 3

Powerpoint presentation and case studies

Week 11

Lecture 31 Lecture 32 Company management (Membership) T-1:Ch-30 RW-15

Difference between The student will get the Powerpoint member and shareholder basic idea about presentation , Rights and liabilities of membership member Constitution and working Basic understanding of Powerpoint of Board of Director the position of presentation directiors in a company Remuneration , role , rights and duties of director Gaining knowledge of Powerpoint the role of directiors in presentation a company

Company management(Director & Board of Director) Company management (Remuneration , role , rights and duties of director)

T-1:Ch-30

RW-4

T-1:Ch-30

OR-5 RW-15

Week 11

Lecture 33

Meeting and Proceedings(Types of Meeting)

T-1:Ch-31

RW-2

Types of Meeting

Understand the Powerpoint functioning of meeting presentation in company management

Meeting and Proceedings (Prerequisites of Meeting)

T-1:Ch-31

RW-2

Prerequisites of Meeting Understand the Powerpoint functioning of meeting presentation in company management Meaning of Motion and Types of resolution Understand the Powerpoint functioning of meeting presentation in company management

Meeting and Proceedings(Motion and resolution)

T-1:Ch-31

RW-2

Meeting and Proceedings(Voting & Proxy)

T-1:Ch-31

RW-15

Rules of voting , quorum Understand the Powerpoint , functioning of meeting presentation Proxy in company management Types of Shares , Basic understanding Application and about share capital of allotment of shares , company SEBI guidelines , Call on , Lien on , forfeiture , Nomination , transmission and buyback , Sweat equity shares Kinds of shares capital Basic understanding about share capital of company Powerpoint presentation

Week 12

Lecture 34

Raising of capital(shares)

T-1:Ch-29

RW-2

Raising of capital(Share capital)

T-1:Ch-29

OR-6 RW-2 RW-1

Powerpoint presentation

Lecture 35

Winding up - Company (Liquidation)

T-1:Ch-32

Rulesregarding liquidation of company

Gaining practical Case studies understanding of the process of liquidation and winding up

Winding up - Company(Winding up)

T-1:Ch-32

RW-1

Compulsory and Gaining practical Case studies voluntary winding up of understanding of the company process of liquidation and winding up Procedure of registration Learning about Powerpoint of partnership firm and the registration ,internal presentation LLP management and dissolution of partnership firm and LLP Partnership deed, Types of partners Learning about Powerpoint the registration ,internal presentation management and dissolution of partnership firm and LLP

Lecture 36

Partnership act & LLP (Registration)

T-1:Ch-18

OR-4

Partnership act & LLP (Management)

T-1:Ch-19

RW-17

Week 13

Lecture 37

Partnership act & LLP(Relations of Partners)

T-1:Ch-20

RW-17

Rules related to relations of partners with each other and with third person

Learning about Case studies the registration ,internal management and dissolution of partnership firm and LLP Learning about Powerpoint the registration ,internal presentation management and dissolution of partnership firm and LLP Learning about Powerpoint the registration ,internal presentation management and dissolution of partnership firm and LLP

Lecture 38

Partnership act & LLP (Dissolution)

T-1:Ch-21

RW-17

Dissolution of partnership and LLP

Lecture 39

Partnership act & LLP (Dissolution)

T-1:Ch-21

RW-17

Dissolution of partnership and LLP

SPILL OVER
Week 14 Lecture 40 T-1:Annexure F Competition Act, 2002 Understanding the practical utility of the legal provisions related to trade practices Understanding the practical utility of the legal provisions related to trade practices Discussion

Lecture 41

T-1:Annexure F

Competition Act, 2002

Discussion

Scheme for CA:

Component Test Frequency 2 Total :Out Of 3 Each Marks Total Marks 10 10 20 20

Details of Academic Task(s)

AT No. Objective Topic of the Academic Task Nature of Academic Task (group/individuals/field work Individual Evaluation Mode Allottment / submission Week 3/4

Test 1

To check the analytical skills of students

Syllabus upto Lecture-10. Case analysis Max marks 30, scaled down 10 marks

As per performance in the test

Test 2

To check the analytical skills of students To check the analytical skills of students

Syllabus upto Lecture-16. Case analysis, with max marks 30, scaled down to 10

Individual

As per performance in the test As per performance in the test

5/6

Test 3

Syllabus from Lecture-22 to Lecture-30. Case analysis, with max Individual marks 30, scaled down to 10

10 / 11

Plan for Tutorial: (Please do not use these time slots for syllabus coverage)
Tutorial No. Lecture Topic Type of pedagogical tool(s) planned (case analysis,problem solving test,role play,business game etc)

Tutorial 1 Tutorial 2 Tutorial 3 Tutorial 4 Tutorial 5 Tutorial 6 Tutorial 7

Validity of Contract Breach of Contract and its remedies Contract of sales of goods , Condition and warranties Consumer protection Cyber Crime IPR IPR

Case analysis Case analysis Case analysis Case analysis Case analysis Case analysis Case analysis

After Mid-Term
Tutorial 8 Tutorial 9 Doctrine of ultra vires and Doctrine of Indoor management Online filling of Forms (MCA 21 ) Form 1 , Form 1A , Form 18, Form 32 etc. and other Documentation required for incorporation Prospectus, Share Director , Meeting Winding up Partnership and LLP Case analysis Case analysis

Tutorial 10 Tutorial 11 Tutorial 12 Tutorial 13

Case analysis Role play Case analysis Case analysis