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 institutes across the country. The sole objective of this book is to acquaint the prospective managers with the key business legislations that govern business activities so that they are able to take decisions which do not fail the test of law of land. The main legislations covered in this volume include: The Indian Contract Act, 1872; The Sale of Goods Act, 1930; The Partnership Act, 1932; The Negotiable Instruments Act, 1881; The Companies Act, 2013; The Limited Liability Partnership Act, 2008; The Consumer Protection Act, 1986; The Competition Act, 2002; The SEBI Act, 1992; The Information Technology Act, 2000; The Right to Information Act, 2005; and Environmental and Intellectual Property Laws.

The book has been written from an Indian perspective to elaborate on the core concepts of business laws in a logical, concise, and yet illustrative manner. Landmark legal cases have been added to supplement and illustrate 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, side-bars defining key terms, end-of-chapter summary, objective-type-questions, case-lets, review questions, and a comprehensive set of case studies (appended to the book) make the teaching and learning of business and corporate laws engaging.

About the Author

Ravinder Kumar Ravinder Kumar is Associate Professor at the Department of Commerce and Business Studies, Jamia Millia Islamia (a Central University), New Delhi. A doctorate in Human Resource Management, Dr Kumar has 21 years of teaching and post-doctoral research experience at the university level. He has worked with the Skyline College, Sharjah (UAE), as an Associate Professor in the Department of Business Administration, where he taught courses of Accounting and International Financial Management, accredited by National American University, USA. He has also been associated as a visiting faculty with The Indian Law Institute – a Deemed University, Delhi, and The Indian Institute of Foreign Trade, New Delhi. Over the years, working in the area of business and corporate laws, he has authored books such as Legal and Regulatory Environment of Business, Business Law, and Auditing: Principles and Practice and published numerous researches in reputed journals including one in Decision. He has produced six PhDs in the areas of Human Resources Management and Finance.

Table of Contents:
Foreword Preface Preface to the First Edition Acknowledgements Introduction 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 Act, 2013 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 Schedules 20 Limited Liability Partnership PART VI Other Business Legislations 21 The Consumer Protection Act, 1986 22 The Competition Act, 2002 23 The Securities and Exchange Board of India Act, 1992 24 The Information Technology Act, 2000 25 The Right to Information Act, 2005 26 The Trade Unions Act, 1926 27 The Factories Act, 1948 28 The Securities Contracts (Regulation) Act, 1956 29 The Depositories Act, 1996 30 The Foreign Exchange Management Act, 1999 31 Environmental Law 32 Intellectual Property Rights Appendix A: Example Cases Index