Legal Environment

Course Name: 

Legal Environment (MBA733)






Functional Courses

Credits (L-T-P): 

(3-0-0) 3


Nature of contract requirements & classifications – discharge of contract – remedies for the breach- quasi contract – contingent contract. Sale of goods act - sale, agency, negotiable instruments act, nature and requisites instruments, transfer of negotiable instruments, holder in due course special rules for cheques banks, discharge of negotiable instruments. Partnership act - nature of the companies, kinds of companies – formation and incorporation of a company, memorandum of association, Articles of Association and prospectus, company management, company meetings (board and general), majority rule and minority protection, compromises, arrangements. Reconstruction and amalgamation – winding up. Competition, / FEMA, consumer protection, right to information act. Special economic zones, environment & business, business and the ip regime, WTO.


1. Kapoor, N.D.,Mercantile Law, Sultan Chand & Sons, 28th Ed.
2. Majumdar, A.K. and Kapoor, G.K., Company Law and Practice, Taxmans Publications, New Delhi, Revised 2000.


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National Institute of Technology Karnataka
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