Business, Mercantile Laws

This section is for providing complete knowledge of all mercantile laws applicable. 


Contents


1. The Indian Contract Act , 1872: An overview of Sections 1 to 75 covering the general nature of
contract , consideration , other essential elements of a valid contract , performance of contract and
breach of contract.
2. The Sale of Goods Act, 1930: Formation of the contract of sale – Conditions and Warranties –
Transfer of ownership and delivery of goods – Unpaid seller and his rights.
3. The India Partnership Act, 1932: General Nature of Partnership – Rights and duties of partners –
Registration and dissolution of a firm.
4. Payment of Bonus Act, 1965

• Basics, Definitions

Company Law (30 marks)

The Companies Act, 1956 – Sections 1 to 197

(a) Preliminary

• Basics, Definitions

(b) Board of Company Law Administration - National Company Law Tribunal; Appellate Tribunal

(c) Incorporation of company and matters incidental thereto

(d) Prospectus and allotment, and other matters relating to use of shares or debentures

(e) Share capital and debentures

(f) Registration of charges

(g) Management and administration – general provisions – registered office and name, restrictions on

commencement of business, registers of members and debentures holders, foreign registers of members or

debenture holders, annual returns, general provisions regarding registers and returns, meetings and

proceedings.

(h) Company Law in a computerized environment – e-filing.

Note: If new legislations are enacted in place of the existing legislations, the syllabus would include the

corresponding provisions of such new legislations with effect from a date notified by the Institute.

Part II: Ethics (20 marks)

Objective:

To have an understanding of ethical issues in business.

Contents:

1. Introduction to Business EthicsThe nature, purpose of ethics and morals for organizational interests; ethics and conflicts of interests; ethical

and social implications of business policies and decisions; corporate social responsibility; ethical issues in

corporate governance.

2. Environment Issues

Protecting the Natural Environment – prevention of pollution and depletion of natural resources;

conservation of natural resources.

3. Ethics in Workplace

Individual in the organisation, discrimination, harassment, gender equality.

4. Ethics in Marketing and Consumer Protection

Healthy competition and protecting consumer’s interest.

5. Ethics in Accounting and Finance

Importance, issues and common problems.

Part III: Communication (20 marks)

Objective:

To nurture and develop the communication and behavioural skills relating to business.

Contents:

1. Elements of Communication

(a) Forms of communication: formal and informal, inter-departmental, verbal and non-verbal; active

listening and critical thinking

(b) Presentation skills including conducting meeting, press conference

(c) Planning and composing business messages

(d) Communication channels

(e) Communicating corporate culture, change, innovative spirits

(f) Communication breakdowns

(g) Communication ethics

(h) Groups dynamics; handling group conflicts, consensus building; influencing and persuasion skills;

negotiating and bargaining

(i) Emotional intelligence – emotional quotient

(j) Soft skills – personality traits; interpersonal skills; leadership.

2. Communication in Business Environment

(a) Business Meetings – Notice, Agenda, Minutes, Chairperson’s speech

(b) Press releases

(c) Corporate announcements by stock exchanges

(d) Reporting of proceedings of a meeting.

3. Basic Understanding of Legal Deeds and Documents

(a) Partnership deed

(b) Power of Attorney

(c) Lease deed(d) Affidavit

(e) Indemnity bond

(f) Gift deed

(g) Memorandum and articles of association of a company

(h) Annual Report of a company.