Legal Aspects Of Business Premium Lecture Notes (All Units) - Sasikala Edition

Legal Aspects Of Business Handwritten Premium Lecture Notes, Prepared by Sasi Kala Specially for Master of Business Administration Candidates. Syllabus Covered based on Anna University Master of Business Administration First Semester.

Syllabus :

UNIT-1 (pg.no-1-22) : COMMERCIAL LAW – INDIAN CONTRACT ACT (1872)
UNIT-2 (pg.no-23-35) : COMPANY LAW
UNIT-3 (pg.no 36-44) : FACTORIES ACT
UNIT-4 (pg.no 46-52) : CORPORATE TAX PLANNINGS
UNIT-5 (pg.no-53-58) : CONSUMERS PROTECTION ACT 1986

Content :

UNIT-1
COMMERCIAL LAW – INDIAN CONTRACT ACT (1872)
Definition of commercial law
Indian contract act (1872)
Essential elements of a valid contract
Various kinds of agreements
Types of contracts
Classification based on the enforceability
Classification based on the formation
Classification based on the execution
Classification based on the performance
Formation of a contract
Essential of offer
Types of offer
1. Express offer
2. Implied offer
3. Specific offer
4. General offer
Lawful objects
Performance of contracts
Breach of contracts
1. Discharge by performance
2. Discharge by agreements
3. Discharge by impossibility of performance
4. Discharge by operation of law
5. Discharge by laplace of time
6. Discharge by brench of contracts
Assignments of contracts
1. Law
2. Consent
Implied condition and warrenties in sales contracts
Implied condition
Careat emptor
Transfer of file
Risk-primar facia
Performance of sales contract
Creation of agency
Modes of agency
1. By express agreements
2. By applied agreements
Types of implied agreements
1. Agency by estoppal
2. Agency of holding out
3. Agency by necessity
Agents
1. Based on extent of authority
2. Based on nature of work
Relation of principle with third party
Relation of principle and agents
1. rights of agents
2. rights of remuneration
3. rights of lien on principle property
4. rights to be in demnified against consequence
5. compensation for injury cost by the principle
duties of agents

UNIT-2
COMPANY LAW
Statuatory company
Registed company
Limited liability
Unlimited liability
Based on control
Formation of a company
Memorandum of association
Ultra virus
Articles of association
Contents of articles of associations
Company meetings
Classification of company meeting
1. meetings of share holders
2. meetings of creditors
3. board meetings
Windings up of company
Types of windings up of company
Members voluntary winding up
Creators voluntary winding up
Objectives of corporate goverance

Essential of corporate governance
Prospectus
Content of prospectus
Liability for misstatements in prospectus
Duties of directors
1. statutory duties
2. general duties

UNIT-3
FACTORIES ACT
Objectives of factories act
Terms related to factory act
Payments of wages act
Time of payments
Limitation of devation
Payments of bonus
Calculation of bonus formula
Industrial disputes act
Causes of industrial disputes
Labour courts
National tribunal
Strikes
Types of strikes
1. primary strikes
2. secondary strikes
Lockouts
Features of lockouts
Lay off compasation

UNIT-4
CORPORATE TAX PLANNINGS
Tax plannings
Income tax
Types of income tax
1. direct tax
2. indirect tax
Objectives of tax plannings
Central tax plannings
Scope of CST
Value added tax
Input tax
Output tax
Methods of VAT calculation
Advantages of VAT
Disadvantages of VAT

UNIT-5
CONSUMERS PROTECTION ACT 1986
Consumers act
Competition act
Area of competition act
Cyber law
Types of cyber crimes
Reasons for cyber crimes
Cyber criminals