LEGAL ASPECTS OF BUSINESS

Legal Aspects of Business is a comprehensive text on the subject, tailored to meet the venerable needs of MBA, M. Com., PGDBM, BBA, B.Com., and UGC NET and any state eligibility for the Assistant Professor and similar programmes in commerce and business management offered by various universities and B-schools across the country. The primary goal of publishing this volume is to familiarise prospective managers with the key business legislations that govern business activities so that they can make decisions that do not violate the law of the land. The main legislations covered in this volume, as amended up-to-date, include: The Indian Contract Act, 1872; The Negotiable Instruments Act, 1881; The Sale of Goods Act, 1930; The Partnership Act, 1932; The SEBI Act, 1992; The Information Technology Act, 2000; The Competition Act, 2002; The Limited Liability Partnership Act, 2008; The Companies Act, 2013; The Insolvency and Bankruptcy Code, 2016; The Goods and Services (Amendment) Act, 2018; The Consumer Protection Act, 2019; and Environmental and Intellectual Property Laws company Acts of 2002 and 2013.

The book elaborates on the core concepts of business laws in a logical, concise, and yet illustrative manner, and has been written from an Indian perspective. Landmark judgments have been added to supplement and illustrate the technical aspects of the subject matter. The basic principles of business law have been presented in an interesting and lively manner. Pedagogical features such as learning objectives, sidebars defining key terms, end-of-chapter summary, objective-type-questions, caselets, review questions, and a comprehensive set of case studies make teaching and learning of business and corporate laws engaging.

Legal and business environments imply an interface between law and business. As every business is supposed to comply with the regulations in force to create wealth, it is imperative on the part of those who run it to appreciate the issues pertaining to legality for both kinds of activities: run-of-the-mill and out-of-the-box. Needless to say, knowledge of the legal aspects of business is crucial for all stakeholders, including people working in different functional areas of management. Keeping this in mind, the present book, now in its first edition, has been designed to empower budding business managers to deal with legal issues when confronting their decisions. And the same decision-making ability has to be cultivated in the minds of the students.

This book was very helpful to those working for NET, KSET, and Ph.D., as well as to UG and PG students throughout the university. Our small contribution may make a difference in the lives of the aspirants