Part-A (Legal Environment)
Indian Contract Act, 1872-Meaning of contract, agreement, essential elements of a valid contract. Law of agency-meaning, creation and termination of agency.
Corporate Incorporation and Management
Definition of company, characteristics, types of company, lifting of corporate veil
(i) Incorporation of company
(ii) Memorandum and Articles of Association
(iii) Doctrine of Ultra Vires
(iv) Doctrine of Indoor Management and constructive notices Management - (i) Directors: Appointment, Removal, Position, Powers and Duties of Directors. (ii) Auditor and audit Committee: Its Role. Directors – qualification and Appointment, Liabilities and duties. Mini case Presentation and Discussion on Saloman v/s A Soloman & Company Ltd.
Oppression, Mismanagement and Investigation:
(i) Prospectus, membership and shareholding in an company.(ii) Prevention of Oppression (iii) Prevention of Mismanagement (iv) Role & Powers of the Company Law Board (v) Role & Powers of Central Government. Meeting : (i) Types of Meetings (ii) Procedure of calling for a meeting (iii) Company’s resolutions and its kinds, proxies. Corporate Liquidation: (i). Winding up of Companies (ii). Mode of winding up of the companies (iii). Compulsory Winding up under the Order of the Tribunal (iv). Voluntary winding up (v). Contributories (vi). Payment of liabilities. Mini case Presentation and Discussion on Rule in Foss v. Harbottle.
PRACTICAL COMPONENTS:
COURSE OUTCOME:
1.Students should get clear idea about the concept of incorporation of company, its relevance, characteristics, types of company, lifting of corporate.
2. Student to acquire knowledge about conducting meeting, duties of directors and Investigation of the company.
3. To give the students an insight on Winding up of the companies , Mode of winding up of the companies.
RECOMMENDED BOOKS:
REFERENCES BOOKS:
Part-B (Business Environment)
Indian Business environment:
Nature and Scope, Structure of the Business Environment – Internal and External environment. Political and Legal Environment, Economic Environment, Socio – Cultural Environment, Global environment: WTO and global relations.
Basic economic Concepts:
Open and Closed Economies, Primary, secondary and Tertiary sectors and their contribution to the economy. SWOT Analysis for the Indian economy. Measuring the Economy: Measuring GDP and GDP Growth rate, Components of GDP, Business Cycle- Features, and Phases.
Industrial Policies and Structure:
Planning- Problems in industrial development during the plan period, Classification of industries based on ownership. Industrial policies, Industrial strategy for the future, New Industrial policy 1991.
Structure of Indian Industry:
Public and Private Sector Enterprises, Objectives of PSUs, Performance and shortcomings. Private Sector– growth, problems and prospects. SSI – Role in Indian Economy. Startups and their current state in India.Privatisation-Problems and prospects, Disinvestments in Indian public sector Units since 1991.
Case Study:
Privatization of Airport and Airline Industry, Source: Business Environment: Text and cases – Justin Paul, 2/e, McGraw Hill. 2008. Pp 166- 168.
Economic policies:
Fiscal Policy: Objectives, Instruments, Union Budget, Taxes, Role of Government.
Monetary Policy:
Money, Measures of money supply, Monetary system inIndia, Tools for credit control. Structure of the Banking system, RBI and its functions, Banking structure reforms –Narasimham committee recommendations.
India Foreign Trade Policy:
Objectives, Features, Policy of 2015-2020- salient features.
PRACTICAL COMPONENTS:
• Students are expected to give a report on how the economic environment has affected the performance of any five large Indian Business Houses.
• Students are expected to analyze the major economic and financial indicators such as GDP, Inflation, CPI, BSE, NSE, Currency, Gold rate, Oil barrel price etc., for a particular period of time and submit the report on the same.
COURSE OUTCOMES:
1.To student will have an understanding of the macro environment of Business and various macroeconomic concepts.
2. The student will understand the industrial policies of the past and the present and the evolution over time, and how Indian Industrial structure evolved over time.
3. The student will be exposed to various economic policies of the country and the state of economy.
RECOMMENDED BOOKS:
REFERENCE BOOKS: