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30.1.11

MBA Paper 7: Business Legislation SYLLABUS

Paper 7: Business Legislation
Business Legislation
SECTION A
Unit I: Administration of law & legal system in India - Introduction to legal aspects of Business in
general; Freedom of Trade, Profession and Occupation (Constitutional Provisions).
Unit II: The Companies Act (1956) - Definition & characteristics of a company, Company distinguished
from partnership, Kinds of Companies, Provisions relating to incorporation, lifting the Corporate Veil.
Unit III: Memorandum of Association, Doctrine of ultra-vires, Articles of Association, Doctrine of indoor
management & constructive notice, Concept of Prospectus.
Unit IV: Role & duties of promoter, Shares and Debentures – natures, kinds, transfer and transmission;
Directors – Powers, position and duties.
Unit V: Winding Up of the Company - Types of Winding up- Winding up by Court, Voluntary winding
up , Winding up under the supervision of court and Conduct of winding up.
SECTION B
Unit VI: The Income Tax Act, 1961 - Introduction to Income tax act –Definition of assesse, Residential
status of assesse; Definition of Deduction, Rebate, Relief & Exemption; Heads of Chargeable Income for
salaried.


Unit VII: Indian Contract Act (1872) - a) Definition (Sec.2) b) Essential elements of a valid contract c)
Competency to enter in contracts (Sec. 11 & 12).d) Consent – Free consent, Coercion, undue influence,
fraud, misrepresentation, mistake (sec 13-23).Void Agreement (sec 24-30) f) Consequences of breach of
contract (sec73-75).
Unit VIII: Intellectual Property Act - Scope, Provisions & overview.
Unit IX: Information Technology Act 2000 & Cyber Law - Scope, Provisions & overview; Right to
Information Act 2005.
Unit X: Consumer Protection Act - Scope, Provisions & overview.
Suggested Readings
1.
Bare Acts- Govt. or Private publication
2.
Mercantile Law – Shukla – 30
th
Ed. – S. Chand & Co.
3.
Business Law- N. D. Kapoor – S. Chand & Co.
4.
Company Law – Singh Avtar, 11
th
Ed., Estern Book Co., Lukhnow
5.
Business Law – M. C. Kuchhal, 2
nd
Ed., Vikas Publication House, New DelhI


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