Business Regulatory Framework

The subject of Business Regulatory Framework assumes great importance in almost all Universities in India. The present book has been written particularly for the students pursuing B.Com. Part I of Baster University, Atal Bihari Vajpayee Vishwavidyalaya Bilaspur, Pandit Ravishankar Shukla University Raipur, Sarguja University Ambikapur. It is strictly based on the new syllabus.

The present book has got some special features. The language used throughout this work is simple and easily understandable. The complicated and complex provisions of Acts have been made simple and clearly understandable. Suitable case laws and examples have been inserted in a quite intelligible manner making the subject more clear to the students.

The Unique feature of the book is that the following Acts have been included as per new syllabus :

• • The Limited Liability Partnership Act, 2008
  • The Consumer Protection Act, 1986
  • Intellectual Property Right Act

The Questions at the end of each and every chapter include Long Answer Questions, Short Answer Questions, and Objective Questions as per the new pattern of Examination. The text covers all the answers to such questions. The students shall not be required either to consult any other book or even to make them personal notes if they take help from this book for preparing themselves for their examinations.

Business Regulatory Framework Syllabus For B.Com. Part I of Baster University, Atal Bihari Vajpayee Vishwavidyalaya Bilaspur, Pandit Ravishankar Shukla University Raipur, Sarguja University Ambikapur

UNIT-I Law of Contract (1872) – I: Nature of contract; Classification; Offer and acceptance; The capacity of parties to contract, free consent, Considerations, Legality of the object; The agreement declared void.

UNIT-II Law of Contract (1872) – II: Performance of the contract, Discharge of contract; Remedies for breach of contract. Special contracts; Indemnity; Guarantee; Bailment and pledge; Agency.

UNIT-III Sale of Goods Act (1930): Formation of contracts of sale; Goods and their classification, price, Conditions, and warranties; Transfer of property in goods; Performance of the contract of sales; Unpaid seller and his rights; sale by auction; Hire purchase agreement.

UNIT-IV Negotiable Instrument Act (1881): Definition of a negotiable instrument; Feature; Promissory note; Bill of exchange & cheque; Holder and holder in the due course; Crossing of a cheque, types of crossing; Negotiation; Dishonour and discharge of negotiable instrument.

UNIT-V The Consumer Protection Act 1986: Main Provision, Definition of consumer, Consumer Disputes, Grievance redressal machinery; Indian Partnership Act 1932. Limited Liabilities Partnership Act of 2008. Introduction of Intellectual Property Right Act – Copyright, Patent & Trademark.

Business Regulatory Framework Book Contents

Indian Contract Act, 1872

1. Definition And Nature Of Contract
2. Agreement : Offer And Acceptance
3. Consideration
4. Capacity Of Parties To Contract
5. Free Consent
6. Legality Of Object And Consideration
7. Expressly Declared Void Agreements
8. Contingent Contracts
9. Quasi Contracts
10. Performance Of Contracts
11. Discharge Of A Contract
12. Breach Of Contract And Its Remedies
13. Indemnity And Guarantee
14. Bailment And Pledge
15. Agency
    Negotiable Instruments Act, 1881
    As Amended By The Negotiable Instrument (Amendment) Act, 2002
16. Negotiable Instruments : Definition And Features, Etc (Promissory Note, Bill Of Exchange And Cheques)
17. Holder And Holder In Due Course
18. Crossing And Dishonour Of Cheques
19. Dishonour Of Negotiable Instruments
20. Discharge From Liability On Negotiable Instruments
    The Consumer Protection Act, 2019
21. The Consumer Protection Act, 2019
    The Foreign Exchange Management Act, 2000 (Fema)
22. The Foreign Exchange Management Act, 2000 (Fema)
    The Indian Partnership Act, 1932
23. Indian Partnership Act, 1932
24. Formation Of Partnership
25. Relations Of Partners
26. Dissolution Of Partnership And Firms
    The Limited Liability Partnership Act, 2008
27. The Limited Liability Partnership Act, 2008 [Llp Act]
28. Incorporation Of Limited Liability Partnership (Llp) And Matters Incidental Thereto
29. Partners, Their Relations And Connected Matters
30. Financial Disclosures And Investigation
31. Conversion Of Entities Into Llp, Compromise, Arrangement Or Reconstruction Of Llps
32. Winding-Up And Dissolution Of Limited Liability Partnership
    The Sale Of Goods Act, 1930
33. Nature Of Contract Of Sale Of Goods
34. Conditions And Warranties
35. Transfer Of Property (Ownership)
36. Performance Of Contract Of Sale : Delivery Of The Goods
37. Unpaid Seller And Auction Sale
    Competition Act, 2002
38. Competition Act, 2002
39. Intellectual Property Right Act
    ❐ The Copyright Act, 1957
    ❐ The Patents Act, 1970
    ❐ Trade Marks Act, 1999
40. The Information Technology Act, 2000
    [As Amended By The Information Technology (Amendment) Act, 2008]
41. Cyber Crime Act, 2012