About the Book

Legal Aspects of Business is a comprehensive text on the subject, tailored to meet the venerable needs of MBA, M.Com. PGDBM, BBA, B.Com, and similar programmes in Commerce and Business Management offered by various universities and B-schools across the country. The sole objective to bring out this volume is to acquaint prospective managers with the key business legislations that govern business activities so that they are able to take decisions that do not fail the test of law of the land. The main legislations covered in this volume, as amended up-to-date, include: The Indian Contract Act, 1872; The Negotiable Instruments Act, 1881; The Sale of Goods Act, 1930; The Partnership Act, 1932; The SEBI Act, 1992; The Information Technology Act, 2000; The Competition Act, 2002; The Right to Information Act, 2005; The Limited Liability Partnership Act, 2008; The Companies Act, 2013; The Insolvency and Bankruptcy Code, 2016; The Goods and Services (Amendment) Act, 2018; The Consumer Protection Act, 2019; and Environmental and Intellectual Property Laws. The book elaborates on the core concepts of business laws in a logical, concise, and yet illustrative manner, and has been written from an Indian perspective. Landmark judgments have been added to supplement and illustrate the technical aspects of the subject matter. The basic principles of business law have been presented in an interesting and lively manner. Pedagogical features such as learning objectives, sidebars defining key terms, end-of-chapter summary, objective-type-questions, caselets, review questions, and a comprehensive set of case studies make teaching and learning of business and corporate laws engaging.

Content

Part I. The Indian Contract Act, 1872

1 Establishing Contractual Relationships

2 Consideration and Legality of Object

3 Competency of Parties

4 Free Consent

5 Void Agreements and Contingent Contracts

6 Performance and Discharge of Contract

7 Remedies for Breach of Contract

8 Special Contracts

Part II. The sale of Goods Act, 1930

9 Contract of Sale of Goods

Part III. The Indian Partnership Act, 1932

10 Partnership: Nature and Formation

11 Rights, Duties, and Liabilities of Partners

12 Dissolution of a Partnership Firm

Part IV. The Negotiable Instruments Act, 1881

13 Negotiable Instruments: An Introduction

14 Negotiation and Assignment

15 Presentment of Negotiable Instruments

16 Dishonour and Discharge of Negotiable Instruments

Part V. The Companies (Amendment) Act, 2019

17 Nature and Kinds of Companies, Company Formation and Prospectus

18 Memorandum and Articles, Share Capital and Debentures, Membership

19 Management, Meetings and Winding Up of Company

20 Limited Liability Partnership

21 The Insolvency and Bankruptcy Code, 2016

Part VI. Other Business Legislations

22 The Consumer Protection Act, 2019

23 The Competition Act, 2002

24 The Securities and Exchange Board of India Act, 1992

25 The Information Technology Act, 2000

26 The Right to Information Act, 2005

27 The Trade Unions Act, 1926

28 The Factories Act, 1948

29 The Securities Contracts (Regulation) Act, 1956

30 The Depositories Act, 1996

31 The Foreign Exchange Management Act, 1999

32 Environmental Law

33 Intellectual property rights

34 The Goods and Services Tax (Amendment) Act, 2018

Appendix: Landmark Judgments

Index