Elements of Business Laws and Management

CS_Foundation :: Paper 4: [One paper: Three hours - 100 marks]

Level of Knowledge :

Basic knowledge.

Objective . . .

  1. To give an exposure to the students of some of the important commercial laws, the knowledge of which, is essential for an understanding of the legal implications of the general activities of a modern business organisation.
  2. To acquaint the students with the principles of management.

Detailed Contents . . .

PART A: ELEMENTS OF BUSINESS LAWS [50 Marks]

  1. Law
          Meaning of law, its significance and relevance to modern civilized society; sources of law.

  2. Law relating to Contract - An Overview
          Contract - meaning; essentials of a valid contract; nature of contract; performance of contract; termination and discharge of contract; indemnity and guarantee; bailment and pledge; law of agency.

  3. Law relating to Sale of Goods - An Overview
          Essentials of a contract of sales; sale distinguished from agreement to sell, bailment, contract for work and labour and hire-purchase; conditions and warranties; transfer of title by non-owners; doctrine of caveat emptor; performance of the contract of sale; unpaid seller - his rights against the goods and the buyer.

  4. Law relating to Negotiable Instruments - An Overview
          Definition of a negotiable instrument; instruments negotiable by law and by custom; types of negotiable instruments; parties to a negotiable instrument - duties, rights, liabilities and discharge; material alteration; crossing of cheques; payment and collection of cheques and demand drafts; presumption of law as to negotiable instruments.

  5. Law relating to Partnership - An Overview
          Nature of partnership and certain similar organisations-co-ownership, Joint Hindu Family; partnership deed; rights and liabilities of partners including those of newly admitted partners, retiring and deceased partners; implied authority of partners and its scope; registration of firms; dissolution of firms and of the partnership.

  6. Elements of Company Law
          Meaning and nature of company; promotion and incorporation of a company; familiarisation with the concept of Board of directors, shareholders and company meetings; Company Secretary.

Readings

ca,icwa,cs,cima,icma,acca,cpa,accounting,profession

  • S. Chand & Company Ltd.
    1. A manual of Mercantile Laws.
      • M C Shukla
    2. Mercantile Law
      • N D Kapoor
  • Vikas publishing House
    1. Mercantile Law
      • M C Kuchhal

Reference

  • The world Press Pvt, Ltd;
    1. Commercial Law
      • Sen & Mitra

PART B: ELEMENTS OF MANAGEMENT [50 Marks]

  1. Nature of Management and its Process
          Meaning, nature of management and its process; planning, organising, directing, coordination and controlling.

  2. Planning
          Policies and procedures; methods of planning; decision-making.

  3. Organising
          Structure; principles and theories of organisation; span of management; centralization and de-centralisation; line and staff functions; delegation; functional organisation; formal and informal organisation; growth in organisation.

  4. Staffing
          Meaning, nature and functions of personnel management; selection, training and development; performance appraisal.

  5. Direction and Co-ordination
          Communication, motivation, morale and leadership; internal and external coordination; committees in management; management of change; organisation development (O.D.).

  6. Controlling
          Concepts and basic control process; essential of a good control system; traditional and non-traditional control devices.

Readings

    ca,icwa,cs,cima,icma,acca,cpa,accounting,profession
  • S. Chand & Company Ltd.
    1. Business organisation & Management
      • M C Shukla
    2. Fundamentals of Business organisation
      • Y K Bushan
  • Vikas publishing House
    1. Management Theory & Practice.
      • J S Chandan.

Reference

  • Tata Mc Graw Hills publishing Company Ltd.
    1. Principles of Management
      • P C Tripathi & P N Reddy

 

Readings: BUSINESS LAWS AND MANAGEMENT combined

  • Kitab Mahal
    1. Business Laws and Management
      • N D Kapoor
  • Sultan Chand & Sons
    1. Business Laws & Management
      • N D Kapoor

Other Relevant Books


Author Credit : Team Future Accountant

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