SESSON PLAN
Faculty Name: Mr.Shivam Sharma Subject Name: Legal Aspect Of Business
Subject Code: MS-115 Session: 2022
Objective of the Subject:
This course is designed to educate the students about basic knowledge about business law.
Pedagogy:
Course delivery will include a mix of lectures, classroom discussions, presentations, case study and
assignments.
Course Learning Outcomes:
By the end of this course, students shall:
• To familiarize with law case Concepts
• To impart knowledge on law Theories
UNIT 1
Lecture No. Topics to be covered
1-2 Basic concepts of Law, Classification of Laws and Legal Systems
3-4 Indian Legal System and Administration of Justice, Constitutional Courts and their
jurisdiction,
6-8 Subordinate Judiciary and their jurisdiction, Tribunals and their jurisdiction An
overview of Alternate Dispute Resolution Mechanisms,
9-10 Constitutional provisions related to the freedom to do business in India and the
reasonable restrictions permissible
11-12 Nature of government regulation of business and markets in market economy.
Assignment
Case Study
UNIT 2
Lecture Topics to be covered
No.
1-3 Definition and essential elements of a contract, Performance of a contract
4-6 Discharge of a contract, Breach of a contract
7-8 Remedies for breach under the Indian Contract Act, 1872
9-11 The Sale of Goods Act, 1930-Definitions of Sale, Agreement to Sell
12-13 Goods, Conditions and Warranties Transfer of property
14 Rights if a seller and buyer, Rights of an Unpaid Seller.
Assignment Rights of an Unpaid Seller.
Case Study Breach of a contract
UNIT 3
Lecture No. Topics to be covered
1-2 The Indian Partnership Act, 1932: Formation of Partnership, Relationship
between partners Rights and liabilities of partners.
3-4 Dissolution of partnership and partnership business
5-6 Companies Act, 2013: Company and its features, Types of Companies,
Incorporation of a Company, The Memorandum of Association and Articles of
Association
8-10 Board of Directors and their appointment, powers, duties and liabilities, winding
up of a company
11-12 , Overview of Insolvency and Bankruptcy Code, 2016 Training process and out
sourcing /case study
13-14 Features of LLP, Incorporation of LLP, Effects of Registration of LLP,
14 Designated partners and their liabilities, Conversion of other forms of business
organizations into LLP.
Assignment The Memorandum of Association and Articles of Association
Case Study Holding and subsidiary company
UNIT 4
Lecture No. Topics to be covered
1-2 The Securities and Exchange Board of India Act, 1992: Objectives, Regulatory
powers of SEBI
3-4 Regulations related to Public Offer of Shares and Debentures, Regulations related
to protection of investors
5-6 Objectives and salient features, Definition of consumer, complainant, defect,
deficiency, restrictive trade practice,
8-10 unfair trade practice, rights of the consumers, 3-Tier structure of dispute
resolution commissions-Powers and functions
11-12 Objectives and salient features, Definition of anti-competitive agreement, abuse
of dominant position
13-14 Combinations, role of Competition Commission of India in promoting competitive
markets.
Assignment
Case Study
Text Book:
Albuquerque, Daniel. Legal Aspects of Business, Second Edition, OUP India
Pathak, Akhileshwar. Legal Aspects of Business, Mc Graw Hill Education.