Legal and Business Environment

Course Outcome At the end of the course student should be able to
1. Understand Legal Aspects of Business with respect to Indian economy.
2. Relate various legal provisions to relevant business aspects and situations.
3. Assess Business Environment in India.
4. Appraise Globalization trends a, challenges and environment for foreign trade
and investments.
Expected Skills
Imparted through
Theory and
Practical
1. Skill to understand the legal existence of any business.
2. Legal skills pertaining to business decisions and situations.
3. Analytical skill for economic environment and changes occurring there in.
4. Skill of interpreting the changes in business environment through observations
about daily updates on the national and world economy.
Marks:
100
Total Hours of Teaching
60
Theory
40
Practical
20
Syllabus Content:
Unit 1
a) Theory
b) Practical
• Introduction to Business Law and Mercantile Law
• Importance of legal knowledge to managerial personnel and
Entrepreneurs.
• Structure of Indian Legal system.
• Fundamentals of Indian Contract Act 1872
• General rules relating to formulation of contract,
Performance and discharge of contract.
• Breach of contract and remedies for Breach of contract,
• Quasi contracts,
• Various special contracts like Bailment, agency, indemnity and
guarantee
• General principles of sale of goods Act

Unit 2.
a) Theory
b) Practical
Principles of Laws relating to Business organizations.
• Formation of partnership firms and company
• Protecting Company/ Business Property.
• Dissolution of partnership and winding up of company
• Intellectual Property Rights
Copy right, Trademarks, Patents etc
Registration and protect of IPRs
Remedies for infringement of IPRs.
10
Hours
5 hours
Unit 3.
a) Theory
b) Practical
• Macro and Micro Indicators of Business environment, Growth
Indicators and Development Indicators.
• Sectors of Indian economy and Emerging sectors during last 20
years.
• Relative Size and growth of Public and Private Sectors.
10
Hours
5 hours
26
Unit 4.
a) Theory
b) Practical
• Globalization trends and challenges,
• Development of Rural sector since globalization, Environment
for Foreign Trade and foreign investment. Exchange rate
movements and its impact on economy.
• India’s competitiveness in the world economy and ease of
doing business in India.
10
Hours
5 hours