A cosmetic change in the breakup of syllabus for semesters III and IV with trimming of study at the cost of providing essential and quality knowledge to the reader is rather disturbing and anguishing. The first reading of division of Business Law in two Semesters sets out the impression of importance extended to the study of Business Law, but analysis of Syllabus leaves one hollow and depressed. Why do I say so –
Semester IV – Company Law – without study of share capital of company, prospectus and management of company, the two pillars of Company Law.
Law of Co-op. Societies – without study of disputes and procedure of settlement of disputes.
Law of Partnership – without study of incoming and outgoing partners – reconstitution of a firm and limited liability partnership.
Just imagine study of law without its essentials of enforcement agencies and resolution of disputes is like expecting the fish to remain alive out of water. As I refused to remain depressed, my readers will excuse me in making the reading of this edition more than required for yours exams, as I have included study of prospectus and management in Company Law, topic on disputes and procedure f settlement of disputes in Law of Co-operative Societies and topic on incoming and outgoing partners – reconstitution of a firm with a brief note on limited partnership in Law of Partisanship to make the reading, if not complete, at least with basis and essentials for required knowledge when you step into business/commercial world.
I have therefore revised the extended 23rd Edition of Business Law simultaneously extending the study of Business Law for Semester IV to absolute essentials. I hope that after study of both Semester III and Semester IV, you will step out enriched with study of subjects as well equipped in study of Business Law.
Contents –
Topic 1 – Company Law (The companies Act, 1956)
1. Company – Definition & Features
2. Registration of a Company
3. Types of Companies
4. Memorandum of Association
5. Articles of Association
6. Membership of a Company
7. Prospectus
8. Management
Topic 2 – Law of Partnership (The Indian Partnership Act, 1932)
1. Partnership – Definition Types of Partnership
2. Relation of Partners to One Another and to Third Parties
3. Minor’s Position in Partnership
4. Relation of Partners to Third Parties
5. Incoming and Outgoing Partners – Reconstitution of a Firm
6. Dissolution of a Firm
7. Registration of a Firm
Topic 3 – Law of Co-operative Societies (The Maharashtra Co-operative Societies Act, 1960)
1. Definition and Features of a Co-operative Society
2. Formation and Registration of Co-operative Societies
3. Types of Co-operative Societies
4. Membership
5. Management
6. Meetings
7. Accounts and Audit
8. Disputes
Topic 4 – Law of Consumer Protection (The Consumer Protection Act, 1986)
Introduction
1. Consumer and Consumer Dispute
2. Consumer Protection Councils
3. Consumer Disputes Redressal Agencies – Distract Forums, State Commission
