Business Law

1.      Introduction

This Course is introduced as an upgraded version of the Course “Business Law” coded CK153, whereas the B.Com student community has expressed a desire to learn advanced portions of corporate law and the interface between law, accounting and finance, that too in a globalized context. The department has decided to design and offer a new course for the upcoming batches on an experiment basis. We are trying to break away the traditional contents of Business Law courses and to provide a deeper appreciation in students about the legal structures and narratives that shape today’s global market. Also, the Course is a fresh attempt to look at legal aspects of commerce, both as a discipline and as a practice of accountancy.

2.     Course Objectives

This course seeks to

  1. Provide an overview of the national and the international legal system that have a bearing on the conduct of business and commerce in a global environment
  2. Make commerce students capable of identifying the advances nuances of legal interpretation and make them know how to approach various statutes, standard-setting documents and rule books.
  3. Enable students to develop a flair for different narratives of business law, i.e. from the varying perspectives of entrepreneur and the employee,  producer and the labourer, merchant and the consumer, state and the general public, global elite and the poor. 
  4. Provide an introduction to students about the policing, litigation and other regulatory actions involved in the business process and to remove any estrangement if any felt by the student.

 3.      Pre-requisites

This course requires a prior understanding of the basic legal terms and their definitions most of which are taught in various other courses in the programme and at plus two level commerce pedagogy. Students are required to do an introductory reading of the below mentioned legislations on their own, preferably before the semester begins.

  1. Companies Act 2013
  2. Negotiable Instruments Act 1881
  3. Indian Contract Act 1972
  4. Income Tax Act 1961

 4.      Readings

There is no prescribed textbook. Selected pieces of reading shall be shared as a part of coursework. Yet the student may refer these books to get an overview of the subject,

Some Recommended Textbooks:

  1. Daniel Albuquerque (2015), Legal Aspects of Business, OUP India
  2. Ravinder Kumar (2016), Legal Aspects of Business, Cengage
  3. Sairam Bhat (2009), Law of Business Contracts in India, Sage Law
  4. Twomey & Jennings (2010)- Anderson's Business Law and the Legal Environment, Comprehensive Volume-South-Western Cengage
  5. Anurag K Agarwal(2017), Business Leadership and Law, Springer India