LAWS FOR BUSINESS ENTITIES IN INDIA

Paper Code: 
GCL 232
Credits: 
04
Contact Hours: 
60.00
Max. Marks: 
100.00
12.00
Unit I: 

Indian Contract Act,1872                                                                               

  • Contract: - Meaning of contract, Types, Essentials of Valid Contract,
  • Void agreements: Meaning, Types.
  • Proposal and Acceptance: Meaning, legal rules as to the offer
  • Contractual capacity: Meaning, Minors (effects of minor’s agreements), Person of unsound mind,
  • Persons disqualified by law
  • Free consent,
  • Consideration

 

12.00
Unit II: 

Indian Contract Act,1872                                                                            

  • Performance of contract: Meaning, Modes of performance,
  • Discharge of contract: modes of discharge of contract, Remedies
  • Contract of Indemnity and Guarantee
  • Contract of Bailment and Pledge, Agency
  • Quasi Contracts

 

12.00
Unit III: 

Limited Liability Partnership Act 2008                                              

  • Partnership Act 1932 - Meaning, nature of partnership,  partnership deed, Registration of partnership firm,  types of partners and partnership, Mutual Rights and duties.
  • Limited Liability Partnership Act 2008- Salient features of LLP,   Nature of LLP, Incorporation of LLP Partnership and Incidental Matters,  Partners and their relations, Extent and limitation of LLP

 

12.00
Unit IV: 

Companies Act 2013                                                                        

  • Salient Features of Companies, Classification of companies.
  • Incorporation of company,
  • Memorandum of Association ,  Article of Association,  Prospectus.
  • Shares and Debentures

 

12.00
Unit V: 

Companies Act 2013                                                                                    

  • Key Managerial Personnel
  • Directors -Definition , type  and Powers.
  • Meetings- Proceedings, Winding up (Voluntary, under court’s supervision),
  • CSR provision and practices

 

Essential Readings: 

●     Majumdar, A. K. and Kapoor, G. K., Student’s guide to Company Law, Taxmann Publications (P) Ltd., New Delhi

●     Singh, Avtar, Indian Company Law, Eastern Book Company.

 

References: 

SUGGESTED READINGS

●     Nolakha, R.L., Company Law, Ramesh Book Depot, Jaipur

●     Kuchhal, MC, Company Law and Secretarial Practice, Vikas Publishing House, New Delhi

Krishnamurti, D.S.R., Company Law, Taxmann, New Delhi

Academic Year: 
2022-2023
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