JAWAHARLAL NEHRU TECHNOLOGICAL UNIVERSITY HYDERABAD

Course Objective

To understand the Legal and Regulatory Framework for doing business in India.

Course Outcome

Students will be able to understand a) Business Laws related to incorporating a

company b) Importance of Ethics in Business c) Cyber Crime and Legal Aspects.

UNIT - I

Companies Act, 2013: Steps and procedure for incorporation of the company, Appointment of Directors, Powers, duties, & liabilities of Directors, Company Meetings, Resolutions, Winding-up of a Company.

UNIT - II

Law of Contract: Nature of Contract and Essential elements of valid contract, Offer and Acceptance, Consideration, Capacity to contract and Free Consent, Legality of Object. Unlawful and illegal agreements, Contingent Contracts, Performance and discharge of Contracts, Remedies for breach of contract. Contracts-II: Indemnity and guarantee, Contract of Agency, Sale of goods Act -1930: General Principles, Conditions & Warranties, Performance of Contract of Sale.

UNIT - III

Negotiable Instruments Act - 1881: Negotiable Instruments- Promissory Note, Bills of Exchange, & Cheque, and their definitions and characteristics, Types of endorsements, Holder- Holder in due course, Discharge of Parties. Introduction to Goods and Services Tax (GST).

UNIT - IV

Business Ethics: The Changing Environment: Business Ethics-why does it matter? ; Levels of Business Ethics-Five Myths about Business Ethics-can Business Ethics be taught and trained? stages of Moral development Kohlberg’s study-carol Gilligan’s Theory-Principles of Ethics.

UNIT - V

Cyber Crime: The Legal Landscape - Need for cyber laws in the Indian context - The Indian IT Act- challenges to Indian Law and cyber crime scenario in Indian – issues and Challenges in Cyber Crime.

TEXTBOOKS:

• 1. Ravinder Kumar, Legal Aspects of Business, 4e,Cengage Learning, 2016.
• 2. P.P.S.Gogna, Company Law, S.Chand, 2016.
• 3. RSN Pillai, Bagavathi, Legal Aspects of Business, S.Chand, 2016.
• 4. Akhileshwar Pathak , Legal Aspects of Business, Tata McGraw Hill, 3e, 2011.
• 5. Nina Godbole & Sunit Belapure, Cyber Security, Wiley India, 2012.