Business Laws

Part I: Business Laws (60 marks)
Objective:
To test working knowledge of business laws and company law and their practical application in commercial
situations.
Contents:
Business Laws (30 marks)
1. The Indian Contract Act, 1872
2. The Negotiable Instruments Act, 1881
3. The Payment of Bonus Act, 1965
4. The Employees’ Provident Fund and Miscellaneous Provisions Act, 1952
5. The Payment of Gratuity Act, 1972.
Company Law (30 marks)
The Companies Act, 1956 – Sections 1 to 197
(a) Preliminary
(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 Ethics
The 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.