JAWAHARLAL NEHRU TECHNOLOGICAL UNIVERSITY HYDERABAD

19MBA05: LEGAL AND BUSINESS ENVIRONMENT

MBA I Semester (R19)

Course Objective

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

Learning Outcome

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

company b) Law of contract and Negotiable Instruments c) Regulatory framework in India.

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UNIT - I: Introduction

Companies Act, 2013, Steps and procedure for incorporation of the company,

Appointment of Directors, Powers, duties, & liabilities of Directors, Role of Audit and Auditors, Company Meetings, Resolutions, Winding-up of a Company.

UNIT - II: Law of Contract

Nature and types 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, Auction sale and E-auctions.

UNIT - III: Negotiable Instruments Act - 1881

Negotiable Instruments- Promissory Note, Bills of

Exchange, & Cheque, Parties to negotiable instruments, Types of endorsements, Holder- Holder in due course, Dishonour and discharge of negotiable Instruments, Offences by the companies.

UNIT - IV: Business Environment

Industrial Policy, Five Year Planning, Foreign Direct Investment

(FDI), Fiscal Policy- Latest Union Budget- Reforms Undertaken by the government, Monetary Policy, Banking Sector Reforms.

UNIT - V: Business Regulations and Environment Laws

(a) Consumer Protection Act 1986, IT Act 2000, Competition Act 2002, Intellectual Property Rights.
(b) Environmental Law- Water, Air pollution, Green Tribunal in protecting Environment.