This book is a comprehensive & authentic book on
\'Business Laws\'. This book aims to impart basic knowledge of the essential business laws relevant to conducting general business activities in physical and virtual spaces, along with applicable Case Laws. The learning outcomes for this book are as follows:
- Understanding the essential aspects of contracts for making the agreements contracts and subsequently entering valid business propositions
- Handle the execution of special contracts used in different types of business
- Learn legitimate rights and obligations under the Sale of Goods Act
- Acquire skills to initiate entrepreneurial ventures as LLP
- Understand the fundamentals of Internet-based activities under the Information and Technology Act
This book covers the following Business Laws:
- Indian Contract Act, 1872
- Sale of Goods Act, 1930
- Limited Liability Partnership Act, 2008
- Information Technology Act, 2000
This book aims to fulfil the requirement of students pursuing the following courses:
- Paper BC 2.2 | B.Com. (Three Years/6-Semester)] B.Com. (Prog.) registered with Choice Based Credit System (CBCS) under Regular Colleges
- Non-Collegiate Women\'s Education Board
- School of Open Learning | University of Delhi
- Other Central Universities throughout India
- BBA/MBA
- Students of CA-IPCC & Company Secretaries
The Present Publication is the 7th Edition, authored by Sushma Arora, with the following noteworthy features:
- [Most Amended & Updated] The current Edition incorporates the following amendments:
o Limited Liability Partnership Act, 2008 (LLP Act)
§ The chapter on \'Introduction to LLP: Nature and scope\' has been amended as per the Limited Liability Partnership (Amendment) Act, 2021
§ The chapter on \'Formation and incorporation of LLP\' has been amended as per the LLP (Second Amendment) Rules, 2022 & LLP (Amendment) Act, 2021
§ The chapter on \'Partners and their relations in LLP\' has been amended as per the LLP (Amendment) Act, 2021
o Insolvency & Bankruptcy Code, 2016 (\'IBC\')
§ The chapter on \'Winding up and Dissolution of LLP\' has been amended as per the Insolvency and Bankruptcy Code (Amendment) Ordinance 2021
- o Information Technology Act, 2000 (\'IT Act\')
§ The chapter on \'Introduction to IT Act: Scope and application\' has been updated as per the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021 that deals with social media (like Instagram) & over the top platforms (like Netflix)
o The chapter on \'Regulation of Certifying Authorities\' has been updated as per the revised Class 2 DSCs
- [Simple & Lucid Language] The subject matter is presented in a simple, systematic method and comprehensive explanation of the concept and theories underlying business laws.
- [Student-Oriented Book] This book has been developed keeping in mind the following factors:
o Interaction of the author/teacher with their students in the classroom
o Shaped by the author/teacher\'s experience of teaching the subject matter at different levels
o Reactions and responses of students have also been incorporated at different places in the book
- [Examples/Case Studies] which are derived from Landmark Rulings
- [Chapter-wise Case Laws] have been provided at the beginning of the book. It also covers the Case Laws recommended by the Dept. of Commerce, Delhi University
- [Test Questions/Practical Problems along with Hints & True/False Questions] are given at the end of each chapter to provide students with thorough practice in solving examination questions
- [Past Examination Question] for Business Laws have been provided at the end of the book for the reference of students to have a clear idea of questions normally asked
o B.Com. (Hons.) SEM I, 2011
o B.Com. (Hons.) Part I/SEM I, 2012
o B.Com. (Hons.) Part I/SEM I, 2013
o B.Com. (Hons.) Part I/SEM I, 2014
o B.Com. (Hons.) CBCS/SEM II, (May-June) 2016
o B.Com. (Hons.) CBCS/SEM II, (May-June) 2017
o B.Com. (Hons.) CBCS/SEM II, (May-June) 2018
o B.Com. (Hons.) CBCS/SEM II, (May-June) 2019
o B.Com. (Hons.) CBCS/SEM II, (August) 2020
The contents of the book are as follows:
- Indian Contract Act, 1872
o Nature, Meaning, Essential and Kinds of Contract
o Offer and Acceptance
o Consideration
o Competency of the Parties to Contract
o Free Consent
o Legality of Object and Consideration
o Void Agreements and Contingent Contracts
o Discharge of Contract
o Quasi Contracts
o Remedies for Breach of Contract
o Indemnity and Guarantee
o Contract of Bailment and Pledge
o Contract of Agency
- Sale of Goods Act, 1930
o Nature and Formation of Contract of Sale
o Conditions and Warranties
o Transfer of Property
o Performance of Contract of Sale
o Unpaid Seller and his Rights
- Limited Liability Partnership Act, 2008
o Introduction to LLP: Nature and Scope
o Formation and Incorporation of LLP
o Partners and their Relations in LLP
o Financial Disclosures and Taxation of LLP
o Conversion to LLP
o Winding up and Dissolution of LLP
- Information Technology Act, 2000
o Introduction to IT Act: Scope and Application
o Digital Signature
o Electronic Governance
o Attribution, Acknowledgement and Despatch of Electronic Records
o Regulation of Certifying Authorities
o Cyber Contraventions, Adjudication, Appellate Tribunal and Offences
