Post-Graduate Diploma in Management

(PGDM)

Area: Economic Environment Policy

Course Title: Legal Aspects of Business-1

Course Owner: Dr. Rashmi Kumar Aggarwal

Course Faculty:
Dr. Rashmi Kumar Aggarwal
Contact: 9811444550
Email: [email protected]
Office: 12.30-300 pm

Student Meeting Hour: Friday 3 p.m.-5p.m. or with prior appointment.

Course Description:

Legal aspects are an indispensable part of a successful business environment in any

country. They reflect the policy framework and the mindset of the Governmental structure
of that country. They ensure that every Corporate is functioning as per the statutory
framework envisaged by the legislature. Every enterprise must take into account this legal
set up while framing the basic aims and objectives of its company. This is because it is
necessary for efficient and healthy functioning of the organization and helps it to know
about the rights, responsibilities as well as the challenges that it may have to face.

Learning Objectives:

This course endeavors to develop students with the following specific learning objectives:

1. Develop skills to solve problems common to government and legal relations in

Business scenario/applications.
2. Recognize issues of business compliances in a regulatory environment.
3. Critically analyze situations for forward thinking through innovation. (Outcome 3.1)
4. Convergence of business and law in Indian and Global context.
5. Analysis of business situations in light of various regulatory provisions.

Pedagogy:

The pedagogy will be a right blend of input of statutory provisions on business laws where
special emphasis will be laid down on the application and interpretation of these laws. It
shall include faculty lectures, Guest Lecture by a Law expert from Stock Exchange,
student presentations, assignments, quizzes, analysis of case laws, etc.

Course Requirements:
The Course is on fundamentals of Law required by the Business arena and in order to
gain a qualifying business degree. There is a great deal of material to be covered, in some
depth. These materials are designed to develop a concept with right blend of statutory
provisions and their applications in Business world. The students will be given work to do
for each class; which they should read the materials set out for each topic in advance.

Evaluation

Group Project on Company Law : 20%

Judgment Analysis (individual) : 10%
Quizzes : 20%
End Term : 50%

Specific Assessment Method Weight Intended Objectives to be

Assessed
1 2 3* 4 5
Group Project on Company Law 20% √ √
Term paper 20% √
Quizzes 10% √ √
End Term 50% √ √ √

*AACSB AOL-Sub Goal (3.1) to be assessed in the course: 1.Critically analyze situations
for forward thinking through innovation. (Outcome 3.1)”.
Assignment will be given after Session 3.

Recommended Text Book

Legal Aspects of Business by Rashmi Kumar Aggarwal & Rajinder Kaur, Pearson
(2019)

Journals

 Indian Business Law Journal

 Corporate Law Reporter
 Practical Lawyer

Relevant Websites

 www. icai.org : ICAI

 www.Icsi.edu : ICSI
 www.mca.gov.in
 www.taxmann.com
 www.indiakanoon.com
 www.corplaw.blogspot.com

Course Outline: Session/Module/Reading Material

Reference Books:
 Laws for Business, 3e, M.M. Sulphey and Azhar Basheer, PHI Learning, 2014
 Elements of Mercantile Law, 35e, N.D. Kapoor, Sultan Chand & Sons, 2014
 Industrial Relations & Labour Laws, 2e, Piyali Ghosh and Shefali Nandan, McGraw Hill,
2015

Journals :
 International Journal of Law and Management
 Leiden Journal of International Law

Links to websites :
 www.vakilno1.com
 www.livelaw.in
 www.indlaw.com
 www.lawsindia.com
 www.indialawjournal.com
 www.lawindiainfo.com
 www.indiaip.com
 www.indiankanoon.org
 www.legalindia.in
 www.legalserviceindia.com

Evaluation Scheme:
 Quiz 20 %
 Assignment 1 20%
 Assignment 2 20%
 Term-End Exam 40%
Total 100 %

Session Plan:
Session Topic (including subtopics) Learning Outcomes Pedagogical Tool Textbook
Chapters &
Readings
1  To familiarize with Student would be able Cases: Textbook
the existing legal to appreciate relevance  Liebeck v. Chapter 1
regime of business of business laws in McDonald’s pp. 2-5
management discipline Restaurants,
in India
and organizations 1994
 To understand the  Novartis vs.
three ‘I’ of Union of India
regulatory (2013) 6 SCC
environment 1;
 To differentiate  The 'Maggi
between the Noodles' Case:
national and Nestle India
private Ltd. v. Food
Safety &
international trade
Standards
laws
  Applicable and Authority of
Governing Laws India (2015,
 Civil and Criminal Mumbai HC).
Laws
2-3  Trade Marks Student will be Cases: Textbook:
Act,1999, Indian understand about types Novartis vs Union Chapter 7,
Copyright Act, 1957 of intangible properties of India
and Indian Patent Act and their applicability
 Registration of in business.
Trademarks; Concept
of well-known trade
mark; passing off and
infringement
 Registration and
infringement of
copyright.
 Meaning of patent &
Inventions;
Opposition
proceedings & Grant
of Patent
 Geographical
Indications
 Industrial Designs
 Trade Secrets
4 Alternate Dispute Students would be able Bharat Aluminium Arbitration
Resolution (ADR) to appreciate provisions Company Ltd v. and
 The Law and related to ADR and Kaiser Aluminium Conciliation
Methods of Alternate international arbitration Technical Service Act,1996
Dispute Resolution Inc. (2012) 9 SCC
 Negotiation, 552
Mediation,
Conciliation,
Arbitration
5-6 Introduction to the law Student would be able Cases: Textbook
of contract to appreciate essential  Balfour v Chapter 2-
 Basis and extent of elements of a valid Balfour (1919) 5, pp. 9-109
the law of contract contract and would be 2 KB 571
 Offer & acceptance able to draft a valid  Mohoribibi vs.
 Essential elements of contract Dharmodas
a valid contract Ghose 30 IA
 Competent parties, 114 : 30Cal
Free consent, Valid 539 (1903)
consideration, valid  Lalman Shukla
Object vs. Gauri Dutt
  Agreements (1913) 11 All
expressly declared LJ 489
void  Carlill vs.
Carbolic
Smoke Ball Co
(1893) 1 QB
256
7-8 Performance of Student would be able Case: Textbook
contracts (S.37-67) to develop awareness of Satyabrata Ghose Chapter
 Void, Voidable, essentials required for vs. Mugneeram 6 & 7,
Illegal agreements performance of Bangur & Co. pp.115-126,
 Discharge of contracts & options 131-138
Contract; Quasi regarding breach of
Contracts (S.68-72); contracts
Breach of Contracts;
 Performance of
contract including
Force Majeure
 Remedies for Breach
of Contract
9 The Sale of Goods Act, Student would be able Cases: Textbook:
1930 to appreciate and even  TCS vs. State Chapter 9
 Sale, Agreement apply in organizational of AP (2005, & 21,
to Sell, context the learnings of SC) pp. 193-230,
Consideration legal provisions related 'Ozair Hussain vs. 479-498
 Risk or damage to sale of goods, risk or Union of India'
associated with damage associated with (2002, Delhi HC)
passing of properties, possession
property and ownership
 Ascertained conditions and
goods warranties
 Definition of
goods
 ‘Conditions,’
‘Warranties’;
‘Caveat emptor’
and ‘Unpaid
seller’

10 Presentations