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COMMERCIAL LAWS AND REGULATIONS
Commercial laws and regulations – 20 hrs

Extent of Coverage
To provide basic knowledge of Law to be able to apply the rules and regulations of law in various organizations.

  • Essential of valid contract – fundamentals of sale of goods act
  • Types of organisations - difference between sole proprietorship organisation, partnership and company forms
  • Procedures for formation
  • Advantages and disadvantages in each elements of business entities
Company law
  • Memorandum and articles of association
  • Registration of charges - forms 8 and 13, form 1 , annual return, return on deposits- return of allotment- shares – issue and procedures
Partnership
  • Partnership formation- under partnership act
  • Forms prescribed- partnership deed –
  • Some important income tax requirements relating to partnership - codicil-
  • Induction of a partner and retirement and death of a partner.- conversion of partnership into a company
  • Basics of banking laws and regulations
    Concept of working capital fund and term funds
  • Concept of lc , bills and negotiable instruments
 
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