Legal And Regulatory Framework Syllabus

Course Code: BBA301

Course Title: Legal and Regulatory Framework (4 Credits)




Course Contents


Unit 1: Introduction: Introduction, Meaning and Scope of Business Law, Sources of Law, Laws applicable to Business


Unit 2: Indian Contract Act, 1872: Introduction, Definition and Meaning of Contract, Essentials of a Contract, Types of Contracts, Capacity of Parties, Modes of Discharge of a Contract, Remedies for Breach of Contract


Unit 3: Law of Agency: Introduction, Agent and Agency,    Kinds of Agencies, Creation of Agency, Principal and Agent , Termination of Agency


Unit 4: Sale of Goods Act, 1930: Introduction, Contact of Sale of Goods, Essentials of a Contract of Sale, Price, Agreement to sell at valuation, Rights and Duties of Buyer, Right of Unpaid Seller, Conditions and Warranties, Transfer of Property, Performance of Contract


Unit 5: Negotiable Instruments Act, 1881: Introduction , Definition and Meaning of  Negotiable Instrument, Promissory Note, Bill of Exchange , Cheque, Parties to Negotiable Instruments, Maturity of Negotiable Instrument, Negotiation , Dishonor of a Negotiable Instrument, Notice of dishonor, discharge of a Negotiable Instrument


Unit 6: Partnership Act, 1932: Introduction, Nature of the Partnership, Features of Partnership, Qualities of a Partnership, Advantages, Limitations, Kinds of Partners, Partnership Deed,       Registration of a Partnership, Effects of registration , Effects of non – registration,       Rights and Duties of Partners, Dissolution of Partnership


Unit 7: Companies Act, 1956: Introduction, Definition and Characteristics, Classification of Companies, Incorporation of a Company, Share Capital, Company management, Meetings, Resolution


Unit 8: Consumer Protection Act [COPRA], 1986: Introduction, Background, Definitions, Consumer Protection Council, Central Consumer Protection Council, Consumer Redressal Agencies, Administrative Control of National Commission


Unit 9: Foreign Exchange Management Act, 1999: Difference between FERA and FEMA, Scope of FEMA,         Salient Features and Provisions of FEMA, Offences under FEMA


Unit 10: Competition Act, 2002: Meaning and Scope of Competition Act, Salient Features of Competition Act, Offences and Penalties under the Act


Unit 11: Environment Protection Act, 1986: Background,     Definitions, Environment, Environmental pollutant, Occupier,   Power of Central Government


Unit 12: Intellectual Property Rights: Meaning and Scope of Patent Act and Amendments of WTO Agreements, Rights of Patentee , Infringement , Remedies, Trademarks, Copyright


Unit 13: Information Technology Act, 2000: Background,    Salient Features, Digital Signature, Electronic Governance, Regulation of Certifying Authorities, Cyber Laws, Penalties for Offences


Unit 14: Micro Small And Medium Enterprises Development Act, 2006: Classification of Micro, Small and Medium Enterprises, Salient Features of Micro, Small and Medium Enterprises Act, Reservation Policy, Credit Policy, Government Policy towards Taxation and Incentives


Unit 15: Labour Laws in India: Overview of Labour Laws, Minimum Wages Act, 1948, Payment of Wages Act, 1936, Workmen Compensations Act, 1923, Factories Act, 1948, Trade Union Act, 1926, Industrial Dispute Act, 1947