CS - Foundation Programme : Elements of Business Laws and Management

ICSICS (2008)FPSyllabus and Books • Elements of Business Laws and Management

CS_FP :: Foundation Programme
Paper 2 : Elements of Business Laws and Management
[One paper: Three Hours – 100 marks]

Level of Knowledge :

Basic knowledge.

Objective . . .

(i)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.
(ii)To acquaint the students with the principles of management.

Contents . . .

Part A : Elements of Business Laws (50 Marks)

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 sale; 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.

Part B : Elements of Management (50 Marks)

7.Nature of Management and its Process
Meaning; nature of management and its process; planning, organising; directing; coordination and controlling.
Policies and procedures; methods of planning; decision-making.
Structure; principles and theories of organisation; span of management; centralisation and de-centralisation; line and staff functions; delegation; functional organisation; formal and informal organisation; growth in organisation.
Meaning; nature and functions of personnel management; selection, training and development; performance appraisal.
11.Direction and Co-ordination
Communication; motivation, morale and leadership; internal and external co-ordination; committees in management; management of change; organisation development (O.D.).
Concepts and basic control process; essentials of a good control system; traditional and non-traditional control devices.
13.Social Responsibility of Business


A Manual of Mercantile Laws;M.C.ShuklaSultan Chand & Sons, 23, Daryaganj, New Delhi-110 002.
Mercantile Law;N.D.KapoorSultan Chand & Sons, 23, Daryaganj, New Delhi-110 002.
Business Organisation & Management;M.C.Shuklasultan Chand & sons, 23, Daryaganj, New Delhi-110 002.
Fundamentals of Business Organisation & ManagementY.K.BhusanSultan Chand & Sons, 23, DaryaGanj, New Delhi-110 002.
Business Organisation and Management; Singh & ChabraKitab Mahal, Allahabad.
Business Laws and Management;N.D.Kapoor, Dinkar Pagare Sultan Chand & sons, 23, Daryaganj, New Delhi-100 002.
Vishwa Prakasham Vanijak Vidhi(Mercantile Law)M.C.Kuchal Willey Eastern Limited, New Delhi.
Management Concepts and StrategiesJ.S.ChandanVikas Publishing House(Pvt.) Ltd.,A 22, Secotr 4, Noida-201 301.
Principles of Management;T.RamaswamyHimalaya Publishing House, Ramdoot, Dr.Bhalerao Marg, Girgaon, Bombay-400 004.
A Text Book of Business Law; P.P.S. GognaSultan Chand & Sons, 23, Daryaganj, New Delhi-110 002.
Introduction to law of Partnership; Avtar SinghEastern Book Company, 34, Lalbagh, Lucknow-226 001.


Commercial Law;Sen & MitraThe World Press Pvt. Ltd., Calcutta.
Principles of Management;P.C.Tripathi & P.N.Reddy McGraw-Hill Education(India) Ltd. Publishing Company Ltd.,B-4, Sector 63, Gautam Budh Nagar, Noida-201 301.
Business Management;J.C.Sinha, V.N.MugataS.Chand & Co., 7361, Ram Nagar, Qutab Road, New Delhi-110 055.
Mercantile Law;S.S.GulshanNaraina, Phase-1, New Delhi-110 028.
A Manual of Business Laws;Dr.S.N.Maheshwari & Dr. S.K.Maheshwari Himalaya Publishing House, Ramdoot, Dr.Bhalerao Marg, Girgaon, Bombay-400 004.