Business Laws and Corporate Governance

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Course TypeCourse CodeNo. Of Credits
Foundation CoreSBP2MB3212

Semester and Year Offered: 3rd Semester

Course Coordinator and Team:

Email of course coordinator:

Pre-requisites: None

Aim: The objective of the course is to cover the main laws impacting day to day business and to examine the legal framework so as to understand and adapt to new laws which are enacted from time to time. It also aims to introduce the participants to the legal and non-legal governance mechanisms that affect economic activities.

Course Outcomes:

At the end of the course, the participants will be able to:

  1. Understand the Indian Legal System, the legal environment for Business in India and business laws in the global context
  2. Critically analyse complex business problems in relation to the regulatory framework, apply the legal principles studied to these problems, and evaluate competing arguments or solutions
  3. Communicate effectively using standard business and legal terminology
  4. Identify issues addressed by corporate governance structures, and critically assess governance concerns for individual corporations and their stakeholders

Brief description of modules/ Main modules:

Unit 1: Basic concepts and provisions

Legal framework – basic principles; Constitution; Recent laws for those with entrepreneurial aims

Unit 2: Indian Contract Act 1872

Formation, Discharge

Unit 3: Special Contracts

Contract management including Arbitration as dispute resolution method

Unit 4: Important Acts

Sale of Goods Act – 1930; International Trade Law; Consumer Protection Act 1986; Negotiable Instruments Act;

Unit 5: Companies Act

Features, types, doctrines, incorporation, commencement, prospectus, shares, debentures

Unit 6: Company Management

Oppression and mismanagement; Accounts and audit; Winding up; Inspection

Unit 7: Corporate Governance

Basics; Need for corporate governance; Corporate governance provisions under Company Law 2013 and Clause 49 of listing agreement

Assessment Details with weights:

Nature of Assessment


Critical Analysis of Cases


Term paper


End Term



Reading List:

  • Jain, N.K. (2007). Company Law and Practice, Deep and Deep Publications.
  • Kuchhal, M.C. (2010). Business Law (5th Edition), Vikas Publishing House
  • Malla, P. (2010). Corporate Governance History, Evolution And India Story (1st Edition), Routledge
  • Parthasarthy, S. (2011).Corporate Governance: Principles, Mechanism and Practice, Wiley India
  • Singh, A. Law of Contract, Eastern Book Company.


  • A set of readings and cases are provided to the participants in form of a course manual as the commencement of the session.