leb handout oct-2013

7/29/2019 LEB Handout Oct-2013

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Legal Environment of Business

Semester II

Course Objective:

Law permeates every aspect of business and it is essential that a manager has a goodunderstanding of the laws which have an impact on the functioning of corporations. LegalEnvironment of Business envisages to provide the students with the basic knowledge of thelegal system and environment in which corporations function. The objective is to equip thestudents with understanding nuances of laws which are relevant to the day to day functioningof business entities. The focus of the course would be on understanding laws of the land whichimpact 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


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Legal Environment of Business

Semester II

MAPPING UP OF TOPICS AND CASES LEB

S.No.

Tues/Thur

Date

Cases Chapters Detailed syllabusNo. ofSessions

1.2.

30/10/2012

2/11/2012

Introduction to Legal

Environment (2)1. Wings of Trade Ways of Law: AConsensus

Wings of Trade Ways of Law: AConsensus

LEB-ICFAI

Ch1

Classification of Law National

Law and International Law Justice Delivery System in India

1

1

3.

Business Contracts (8)

2. Legal Wrangles of Kaushik

NDKapoor

Part I

Ch 1-4

Nature of contract, offer andacceptance, consideration,capacity to contract.

1

4. 3. Void and Voidable Contracts: The LegalDilemma Ch 6& 7 Legality of object, voidagreements 1

5. 4. Treasure Hunt at Cross Roads Ch 5 Free consent 1

6. 5. Unfurnished Towers and Shattered Plans Ch 8-12 Contingent, performance,Discharge, remedies of contract

1


3/5

S.No.

Tues/Thur

Date


and quasi contracts.

7.8.

6. High TidesHigh Tides

Part 2Ch 1 & 2

Contracts of Indemnity andguarantee, bailment and pledge

2

9. 7. Diamonds, Are they Lucky? Ch 3 Contract of agency 2

10. Diamonds, Are they Lucky?

11. Evaluation Component-1 Case lets and short questions 1

12.

Law Relating to Business Entities(5)

8. Sally Steel Products Pvt. Limited: LegalTangles

NDKapoor

Vol II Ch3-9

Formation of a company,MOA, AoA, prospectus, sharecapital, shares

1

13. 9. You can build or Dismantle the Business Ch 11 Meetings and proceedings 1

14. 10. Riding a Tiger Ch 10 Company management 1

15.

16.

11. Death Warrant

11. Death Warrant

Ch 14-16 Oppression andmismanagement, arrangements,and reconstruction, and windingup.

1

17.18.

19.

20.

Financial Services Legal andRegulatory Environment (5)

12. Regulatory Rhyme for a Sinking Bank13. Bouncing of Cheque is Not Cricket Itis Ticket to Jail

Bouncing of Cheque is Not Cricket It isTicket to Jail

ND

KapoorPart II Ch

6

RBI, Banking Regulation,Negotiable Instruments,

Notes, bills, hundis, and cheques,dishonor of negotiableinstrument

11

1

1


4/5

S.No.

Tues/Thur

Date


21.

14. Insurance Business: A step Towards

Social Commitment15. .Securities and Transparency Trading

Part II Ch8

Law of Insurance

SEBI guidelines1

22.

23.

24.

Business and Tax Law (3)

16. Pleasure of Income and Pain of Tax

17. Belling the Tax-Cat

Belling the Tax-Cat

LEB-ICFAI

Ch 5 Direct Indirect taxes 1

1

1

25. Evaluation Component-II Case lets and short questions 1

26.

27.

28.

29.

Property Law for Business (4)18. Smart Plans Bumpy Finale

19. No Friend & No Foe in Business

No Friend & No Foe in Business

20. Identity of Identical Names

LEB-ICFAICh 6 Lease, mortgage, gift

Hire purchase, agreement tosale,, pledge, hypothecation,exchange, charge, set off IPR

1

1

1

1

30.

Consumer Protection (1)

21. A journey from Dream to Disputes andRole Reversals

NDKapoor

Part IV Ch1

Consumer Protection Act 1986 1

31.

Environment Protection and Business

Obligation (1)22. Devils Eye and Dreamers Valley

LEB-ICFAI

Ch 10 Environment legislations 1

32.

Alternate Dispute Resolution (1)

23. Speedier Mitigation of Loss throughArbitration: A Last Opportunity

NDKapoor

Part II ChArbitration, conciliation, andmediation

1


5/5

S.No.

Tues/Thur

Date


7

33.Business Transaction and Cyber Law(1)

24. E- Business is not Easy Business

NDKapoor

Part 4 Ch3

The Information Technology Act2000

1

Evaluation Plan:1. Class Participation 40%

a. Round I 10%

b. Round II 15%

c. Round III 15%

2. Non class Participation

a. Quiz 1 (Case lets and shortquestions)

15%

b. Quiz 2 (Case lets and shortquestions)

15%

3. End term 30%

Total 100%

Summary:

Total number of topics: 10

Total number of cases: 24

Total number of sessions: 33

leb handout oct-2013

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