Corporate and Business Laws - Corporate and Business Laws

Oct 22, 2026

Uploaded by Callum

Corporate and Business Laws (DMGT407) is a course-oriented legal study text edited by Dr. Partap Singh for Lovely Professional University. It aims to build knowledge and the ability to explain key legal theories and concepts within the Indian legal framework. The syllabus covers contract law essentials, consent-related acts, indemnity and guarantee, bailment and agency, negotiable instruments, sale of goods, partnership and limited liability, and foundational company law including formation, memoranda and articles, prospectus and share capital, company management, director and shareholder meetings, and winding up.

LanguageEnglish

CategoryExam

FormatPDF

Pages358

Reading Time15 h 2 min

AccessFree to download

Unit 1: Laws of the Contract

Unit 2: Consent, Indemnity and Guarantee Acts

Unit 3: Contracts of Bailment and Agency

Unit 4: Law of Negotiable Instruments

Unit 5: Law of Sale of Goods

Unit 6: Partnership Act and Limited Liability Act

Unit 7: Concept of a Company

Unit 8: Formation of a Company

Unit 9: Memorandum of Association

Unit 10: Articles of Association

Unit 11: Prospectus, Shares and Share Capital

Unit 12: Management of Companies

Unit 13: Meeting of Directors and Shareholders

Unit 14: Winding up and Dissolution of a Company

Corporate and Business Laws DMGT407 Edited By Dr. Partap Singh CORPORATE AND BUSINESS LAWS Edited By Dr. Partap Singh ISBN: 978-93-87034-68-6 Printed by EXCEL BOOKS PRIVATE LIMITED Regd. Office: E-77, South Ext. Part-I, Delhi-110049 Corporate Office: 1E/14, Jhandewalan Extension, New Delhi-110055 +91-8800697053, +91-011-47520129 [info@excelbooks.com/projects@excelbooks.com](info@excelbooks.com/projects@excelbooks.com)[ ](info@excelbooks.com/projects@excelbooks.com)[internationalalliance@excelbooks.com](internationalalliance@excelbooks.com) [www.excelbooks.com](www.excelbooks.com) for Lovely Professional University Phagwara CONTENTS Unit 1: Laws of the Contract 1 Gopika Juneja, Lovely Professional University Unit 2: Consent, Indemnity and Guarantee Acts 25 Gopika Juneja, Lovely Professional University Unit 3: Contracts of Bailment and Agency 46 Gopika Juneja, Lovely Professional University Unit 4: Law of Negotiable Instruments 75 Shilpa Chaudhary, Lovely Professional University Unit 5: Law of Sale of Goods 107 Sukhpreet Kaur, Lovely Professional University Unit 6: Partnership Act and Limited Liability Act 142 Sukhpreet Kaur, Lovely Professional University Unit 7: Concept of a Company 181 Lalit Bhalla, Lovely Professional University Unit 8: Formation of a Company 201 Lalit Bhalla, Lovely Professional University Unit 9: Memorandum of Association 212 Jasdeep Singh Walia, Lovely Professional University Unit 10: Articles of Association 229 Jasneet Kaur, Lovely Professional University Unit 11: Prospectus, Shares and Share Capital 241 Sushant Gupta, Lovely Professional University Unit 12: Management of Companies 279 Anjali Sharma, Lovely Professional University Unit 13: Meeting of Directors and Shareholders 306 Manpreet Kaur, Lovely Professional University Unit 14: Winding up and Dissolution of a Company 323 Gagandeep Singh, Lovely Professional University SYLLABUS Corporate and Business Laws Objectives: To develop knowledge and to gain ability to explain legal theories and concepts related to Indian Law with reference to overall legal framework. | Sr. No. | Description | | --- | --- | | 1. | Contract Act: Offer and Acceptance, Consideration and Capacity of the Parties, Free Consent, Indemnity and Guarantee, Bailment and Agency. | | 2. | The Negotiable Instruments Act: Definition, Types of Negotiable Instruments, Negotiation, Endorsement and Crossing of Cheque, Dishonour of Cheques, Parties to Negotiable Instruments. | | 3. | Contract of Sale of Goods: Conditions and Warranties, Performance of Contract of Sale, Unpaid Seller and his Rights, Caveat Emptor. | | 4. | Partnership Act and Limited Liability Act. | | 5. | Concept of Company and its Characteristics. Formation of a company. | | 6. | Memorandum and Articles of Association. | | 7. | Prospectus, Shares and Share Capital. | | 8. | Management of Companies. | | 9. | Meeting of Directors and Shareholders. | | 10. | Winding up and Dissolution of a company. | Unit 1: Laws of the Contract Notes CONTENTS Objectives Introduction 1.1 Meaning of the Contract 1.2 Indian Contract Act, 1872 1.3 Essentials of the Contracts 1.4 Classification of the Contracts 1.5 Proposal (or Offer) and Acceptance [Ss.3-9] 1.5.1 Modes of Making an Offer 1.5.2 Difference between Offer and Invitation to Offer 1.5.3 Revocation of Offer 1.5.4 Special Terms in a Contract 1.5.5 Acceptance of an Offer 1.6 Completion of Communication of Offer and Acceptance [S.4] 1.7 Consideration [Ss.2(d), 23-25 and 185] 1.7.1 Meaning of Consideration 1.7.2 “No Consideration, No Contract” [Ss.10 and 25] 1.7.3 Rules regarding Consideration 1.7.4 Unlawful Consideration and Object [Ss.23-24] 1.8 Capacity to Contract [Ss.10-12] 1.8.1 Persons who are Competent to Contract 1.8.2 Capacity of a Minor to Enter into a Contract 1.8.3 Mental Incompetence Prohibits a Valid Contract 1.8.4 Alien Enemy (Poli

FAQs

What is the primary objective of the Corporate and Business Laws course?

To develop legal knowledge and gain the ability to explain legal theories and concepts related to Indian law within the overall legal framework.

Which topics are covered under the Laws of the Contract unit?

The unit covers the meaning of contract, essentials and classification of contracts, offer and acceptance, communication and completion, consideration, capacity to contract, and summary-focused learning components.

What are the major company-law areas included in the syllabus?

The syllabus includes the concept of a company and its characteristics, formation, memorandum and articles of association, prospectus and share capital, management, meetings of directors and shareholders, and winding up and dissolution.

Oct 22, 2026

Uploaded by Callum