Lovely Professional University, Punjab

Course Code BSL601 Course Category Course Title CORPORATE AND BUSINESS LAWS Courses with conceptual focus Course Planner 17929::Esha Jain Lectures 5.0 Tutorials Practicals Credits 1.0 0.0 3.0

TextBooks Sr No T-1 Title Elements of Mercantile Law Reference Books Sr No R-1 R-2 R-3 Other Reading Sr No OR-1 OR-2 Journals articles as Compulsary reading (specific articles, complete reference) Corporate Restructuring - Would Court Lift Veil? source http://www.icsi.edu/docs/cs/January%202013/January2013.pdf , Article Towards Meaningful Restructuring and Speedy Winding Up by G.M. Ramamurthy www.icsi.edu/docs/cs/April 2013/April.pdf , Title Business Law Legal Aspects of Business Legal Aspects of Business Author P.C. Tulsian Akhileshwar Pathak Ravinder Kumar Edition 2nd 5th 3rd Year 2001 2013 2013 Publisher Name Tata McGraw - Hill Education Tata McGraw - Hill Education Cengage Learning Author N.D. Kapoor Edition 34th Year 2013 Publisher Name SULTAN CHAND & SONS

Relevant Websites Sr No RW-1 RW-2 RW-3 RW-4 (Web address) (only if relevant to the course) http://www.mca.gov.in/LLP/faq_llp_basic_concept.html http://jurisonline.in/ http://en.wikipedia.org/wiki/Limited_liability_partnership http://www.caclubindia.com/articles/detailed-insight-on-companies-bill-201318285.asp#.UoNCvOKpR5d Salient Features concepts of LLP latest case studies Concepts of LLP discussed about one person company and other features of new companies bill

LTP week distribution: (LTP Weeks) Weeks before MTE Weeks After MTE Spill Over 7 0 5

Detailed Plan For Lectures

Week Number

Lecture Number

Broad Topic(Sub Topic)

Chapters/Sections of Text/reference books

Other Readings, Lecture Description Relevant Websites, Audio Visual Aids, software and Virtual Labs RW-2 Introduction to Contract Act,1872 Requisites of valid contract Classification of contracts, classification according to validity, classification according to formation, classification according to performance

Learning Outcomes

Pedagogical Tool Demonstration/ Case Study / Images / animation / ppt etc. Planned Discussion with power point presentation

Week 1

Lecture 1

Indian Contract Act(Essentials of Contract)

T-1:1 R-1:1 R-3:1 T-1:1 R-1:1 R-3:1

Able to differentiate between contract and agreement and the reasons for the same Imparting the knowledge about the various types of contracts

Lecture 2

Indian Contract Act(Kinds of Contract)

RW-2

Discussion through power point presentation

Lecture 3

Indian Contract Act(Offer and Acceptance)

T-1:2 R-1:2 R-2:3 R-3:2

RW-2

Legal rules of valid offer To help students Discussion through and acceptance, understand the creation case studies Revocation of offer of valid offer and legalities involved in creation of a valid offer and acceptance Meaning,Legal rules as Identify the essentials to for creating a valid consideration,Exception contract to no consideration no contract Discussion through case studies

Lecture 4

Indian Contract Act(Consideration)

T-1:3 R-1:4 R-2:9 R-3:3 T-1:4 R-1:3 R-2:13 R-3:4 T-1:Part 4 Ch 3 R-3:35 RW-2

Lecture 5

Indian Contract Act(Capacity of the Parties)

Minors,Persons of unsound mind

understanding about the Discussion through parties those who are power point capable of entering the presentation contracts Discussion through power point presentation

Week 2

Lecture 10

Electronic Contracts(Provisions Related to IT Act 2000 for Formation and Validity)

Provisions regarding Provide knowledge formation and validity of about e-contracts electronic contracts, attribution, acknowledgement, time and place of receipt RW-2 L6 Fraud,Coercion,Undue influence,Misrepresentati on,Mistake L7 for contingency

Lecture 6

Indian Contract Act(Free Consent)

T-1:5 R-1:5 R-3:5

Identify the Discussion through applicability of case studies essentials for creating a valid contract so that they become aware that how absence of any of the essentials make the contract void

Week 2

Lecture 7

Indian Contract Act(Free Consent)

T-1:5 R-1:5 R-3:5

RW-2

L6 Fraud,Coercion,Undue influence,Misrepresentati on,Mistake L7 for contingency

Identify the Discussion through applicability of case studies essentials for creating a valid contract so that they become aware that how absence of any of the essentials make the contract void Illustrate about discharging contract either through performance or cancellation Discussion through case studies

Lecture 8

Indian Contract Act(Discharge of Contract)

T-1:10 R-1:9

Modes of discharge, discharge by performance, discharge by consent, discharge by impossibility of performance, discharge by lapse of time, discharge by breach of contract

Lecture 9

Electronic Contracts(Essentials of Electronic Contracts)

T-1:Part 4 Ch 3 R-3:35

Introduction to electronic Better understanding contracts and essential about electronically elements of electronic made contracts contracts

Discussion through power point presentation

Week 3

Lecture 11

Intellectual Property Rights (Introduction to Patent, Copyright and Trademark)

R-2:40

L11 and L12 Recognize the property Discussion through Introduction to patent, rights and their case studies copyright and trademark; protection registration and infringement L11 and L12 Recognize the property Discussion through Introduction to patent, rights and their case studies copyright and trademark; protection registration and infringement Introduction to sale of goods act, essentials of contract of sale, difference between sale and agreement to sell Test1 RW-2 Enable the students to understand the application of sale of goods act Discussion through power point presentation

Lecture 12

Intellectual Property Rights (Introduction to Patent, Copyright and Trademark)

R-2:40

Lecture 13

Sale Of Goods Act(Introduction to Sale)

T-1:Part 2 ch 4.1 R-1:15 R-3:Part 2 ch 14

Lecture 14 Lecture 15 Sale Of Goods Act(Transfer of Property) T-1:Part 2 ch 4.3 R-1:15 R-2:22 T-1:Part 2 ch 4.2 R-1:15

Passing of property, sale Knowledge about Discussion through by non owners different kinds of goods examples and passing of ownership of property L 16 implied conditions L 17 implied warranties Develop an understanding for the application based knowledge of implied conditions and warranties in contract of sale Discussion through case studies

Week 4

Lecture 16

Sale Of Goods Act(Condition and Warranties)

Week 4

Lecture 17

Sale Of Goods Act(Condition and Warranties)

T-1:Part 2 ch 4.2 R-1:15

L 16 implied conditions L 17 implied warranties

Develop an understanding for the application based knowledge of implied conditions and warranties in contract of sale

Discussion through case studies

Lecture 18

Sale Of Goods Act(Rights of Unpaid Seller) Sale Of Goods Act(Caveat Emptor) Consumer Protection Act(Rights of Consumers)

T-1:Part 2 ch 4.5 R-1:15 T-1:Part 2 ch 4.2 T-1:Part 4 ch 1 R-2:29 R-3:33 T-1:Part 4 ch 1 R-2:30 R-3:33

Meaning of unpaid seller Understanding about Discussion with and overview of rights of remedies available with examples unpaid seller unpaid seller Meaning of caveat Understanding the rule Discussion through emptor and contingency of let the buyer beware examples Definitions, extent and application, rights of consumer, meaning of unfair trade practices Consumer protection council, consumer disputes redressal agencies Test2 Definition and characteristics of company OR-1 Recognizes the circumstances providing for security of consumers interest Recognizes the circumstances providing for security of consumers interest Enable the students to differentiate the company from other forms of organization Discussion through case studies

Lecture 19 Lecture 20

Week 5

Lecture 21

Consumer Protection Act (Redressal Machinery)

Discussion through case studies

Lecture 22 Lecture 23 Company Law(Introduction to Company Law) T-1:Vol 2 ch 1 R-2:33 R-3:28 T-1:Vol 2 ch 1 R-2:33 R-3:28

Discussion through power point presentation

Lecture 24

Company Law(Kinds of Companies)

Lifting the corporate veil Imparting the Discussion through and kinds of companies knowledge about when article in reference the rule of separate legal entity does not apply and making students aware about the various kinds of companies in existence Incorporation of company, promoter Enable the students to understand the legalities of forming and incorporating a company Discussion through power point presentation

Lecture 25

Company Law(Formation of a Company)

T-1:Vol 2 ch 3 R-3:29

Week 6

Lecture 26

Company Law(Memorandum of Association)

T-1:Vol 2 ch 4 ch 5

L 26 Meaning of memorandum, contents of memorandum, alteration of memorandum of association L 27 Doctrine of ultra vires, contents of articles of association, Alteration of articles of association L 28 Difference between articles and memorandum of association, doctrine of indoor management and contingency L 26 Meaning of memorandum, contents of memorandum, alteration of memorandum of association L 27 Doctrine of ultra vires, contents of articles of association, Alteration of articles of association L 28 Difference between articles and memorandum of association, doctrine of indoor management and contingency L 26 Meaning of memorandum, contents of memorandum, alteration of memorandum of association L 27 Doctrine of ultra vires, contents of articles of association, Alteration of articles of association L 28 Difference between articles and memorandum of association, doctrine of indoor management and contingency

Gaining insight about drafting the constitution and the framework of the company

Discussion through power point presentation and case studies

Lecture 27

Company Law(Memorandum of Association)

T-1:Vol 2 ch 4 ch 5

Gaining insight about drafting the constitution and the framework of the company

Discussion through power point presentation and case studies

Lecture 28

Company Law(Memorandum of Association)

T-1:Vol 2 ch 4 ch 5

Gaining insight about drafting the constitution and the framework of the company

Discussion through power point presentation and case studies

Week 6

Lecture 29

Company Law(Prospectus)

T-1:Vol 2 ch 6 R-2:35

Definition, misstatements in prospectus and their consequences Definition, appointment of directors, removal of directors L 31 Statutory meeting, annual general meeting, extraordinary general meeting L 32 Requisites of valid meeting, kinds of resolution L 31 Statutory meeting, annual general meeting, extraordinary general meeting L 32 Requisites of valid meeting, kinds of resolution OR-2

Gaining knowledge about the civil and criminal liabilities of issuing a prospectus with mistakes

Discussion through power point presentation

Lecture 30

Company Law(Appointment and Removal of Directors) Company Law(Meeting of Companies)

T-1:Vol 2 ch 10

Illustrate about the Discussion through position of directors of power point company presentation Gaining knowledge about the conduct of various shareholders meetings of the company Discussion through power point presentation

Week 7

Lecture 31

T-1:Vol 2 ch 11 R-3:31

Lecture 32

Company Law(Meeting of Companies)

T-1:Vol 2 ch 11 R-3:31

Gaining knowledge about the conduct of various shareholders meetings of the company

Discussion through power point presentation

Lecture 33

Company Law(Winding up and Dissolution)

T-1:Vol 2 ch 16 R-3:32

L33 Meaning winding Gaining knowledge of Discussion through up, modes of winding up, various steps of power point winding up by court dissolving the company presentation L34 Voluntary winding up, consequences of winding up, defunct company L33 Meaning winding Gaining knowledge of Discussion through up, modes of winding up, various steps of power point winding up by court dissolving the company presentation L34 Voluntary winding up, consequences of winding up, defunct company Meaning of limited liability partnership act, difference between limited liability partnership, partnership and company Meaning of limited liability partnership act, difference between limited liability partnership, partnership and company Identify the difference in these three forms of organization Discussion through examples

Lecture 34

Company Law(Winding up and Dissolution)

T-1:Vol 2 ch 16 R-3:32

OR-2

Lecture 35

Limited Liability Partnership Act (Features of Limited Liability Partnership)

RW-1 RW-3

Limited Liability Partnership Act (Difference between Limited Liability Partnership,Partnership and Company)

RW-1 RW-3

Identify the difference in these three forms of organization

Discussion through examples

MID-TERM

SPILL OVER
Week 8 Lecture 36 Lecture 37 Lecture 38 Lecture 39 Lecture 40 Spill Over Spill Over Spill Over Spill Over Spill Over

Scheme for CA:

Component Test Frequency 2 Total :Out Of 2 Each Marks Total Marks 20 20 40 40

Details of Academic Task(s)

AT No. Objective Topic of the Academic Task Nature of Academic Task (group/individuals/field work Individual Evaluation Mode Allottment / submission Week 2/3

Test1

To check concept clarity of the students

Indian contract act and Electronic contracts

Test will contain atleast 4 - 6 questions. It will be of 60 marks and scale down to 20. Test will contain atleast 4 - 6 questions. It will be of 60 marks and scale down to 20.

Test2

To test the concept Sale of goods act and consumer protection act clarity and analytical skill of the students

Individual

4/5

Plan for Tutorial: (Please do not use these time slots for syllabus coverage)
Tutorial No. Lecture Topic Type of pedagogical tool(s) planned (case analysis,problem solving test,role play,business game etc)

Tutorial1 Tutorial2 Tutorial3 Tutorial4

Validity of contract Discharge of contracts Contract of sale of goods Non evalutive test of topics covered till 20th lecture

Case Analysis Case Analysis Case Analysis Test

Tutorial6

discuss the new companies bill as per the reference entry: http://www.caclubindia.com/articles/detailedinsight-on-companies-bill-201318285.asp#.UoNCvOKpR5d Intellectual property rights Prospectus and winding up

Discussion

Tutorial5 Tutorial7

Case Analysis Case Analysis