DEPARTMENT - INSTITUTE OF MANAGEMENT (STRATEGY AND LEADERSHIP)

Course Pack
FOR
BUSINESS LAW-MBA332

MBA332 - BUSINESS LAW

Total Teaching Hours For Semester : 30 Total Teaching Hours For Semester : 3

Max Marks : 100 Credits : 3

Course Objectives/Course Description:

Course Description This paper is offered as a core subject in the second trimester. It emphasizes the importance
of law various enactments relating to business. It also enables a student to have good knowledge in the Corporate
Law which is important for a future manager and Security Legislations for future finance managers which is very
essential. This subject also deals with Intellectual Property Law which is very important for a future manager. It
gives an opportunity to student more about copyrights as it is very important in today’s market. Course ObjectiveThis
course attempts to make the student understand the legal environment in which business operates and its impact
on the business.
Learning Outcome
On having completed this course students should be able to: Knowledge:• Understand and appreciate the framework of Laws as applied to Businesses in India.

Skill:• Know the legal ecosystem and how to deal with legal professionals. Attitude:• Sharpen idea about the
Intellectual property laws and other laws that pertain to Corporates.
Unit-1 Teaching Hours:6

Introduction and Law of Contract

Meaning of Law, Purpose of Law, Sources of Law, Classification of Law, National and International Law, Law of
contract – definition, Classification of a contract (including quasi contracts), Offer or proposal, Acceptance (including
exceptions), Consideration (including exceptions) Introduction to Capacity to contract (including exceptions),
Discharge of contracts, Remedies of breach of a contract, Contract of indemnity and guarantee (including
exceptions and types)]. Contract of bailment and pledge (including duties and rights and termination of bailment and
pledge), Principal and agent, Introduction to E – Contract and E Commerce (Objectives and its implications on the
market) (To discuss Case Laws)
Unit-2 Teaching Hours:8

Non Corporate and Corporate Law

Brief introduction of Non corporate entities like Sole Proprietorship, HUF, Societies and definition and process of
Partnership, Rights and Duties of Partners, Termination of partnerships, LLP Act, Definition of a company,
Incorporation and its procedure, Types and procedures of conducting meetings (including AGM, SM and EGM),
Shares and its types, Directors and kinds of directors, Qualification, Appointment and removal of directors,
Resolutions and types of resolutions and its procedure, Qualifications, Rights, Duties and disqualifications of an
auditor, Borrowings loans debentures and investments, Prevention and oppression of management and its
procedure, Winding up of a company and its procedure. (To discuss Case Laws and only Companies Act 2013
provisions to be discussed)
Unit-3 Teaching Hours:4

Security Legislations
Negotiable Instruments Act: Promissory notes , Bills and cheques, Crossing of cheques, Negotiation, Presentment
of negotiable instrument, Banking: SARFESI Act (securitization and reconstruction of financial assets and
enforcement of Security Interest Act, 2002), Purpose, Introduction and risk management in securitization, Debt
recovery tribunals its objectives and its purposes, Prevention of Money Laundering Act (objectives and purposes),
Insurance Act - Essential Elements of Insurance Contracts, (To Discuss Case Laws)
Unit-4 Teaching Hours:6

Property Law
Classification of Property – Moveable and Immovable Property / Tangible and Intangible Assets- Definition and
Essentials of sale, Sale and Agreement to Sell – Rights and Duties of Seller and Buyer – Rights of an unpaid seller,
Conditions and warranties (including types of warranties), (Sale of Goods Act. Rights and Liabilities of Parties -
Mortgage of Immovable Property - Hire Purchase / Lease of Property, Exchange / Gift / Assignment of Property,
IPRs-Introduction, Trade Related Intellectual Property Rights (TRIPS), Definition of patents, Register of patents and
its procedure, Revocation of patents, Definition of copy right, Copy rights and it ownership, Infringement of copy
right, Definition of a trade mark, Functions of a trade mark, Procedure and duration of a trade mark, Assignment and
transmission of trade mark. (To Discuss Case Laws)
Unit-5 Teaching Hours:6

Other Laws
Tax Laws: Classification of Taxes and overview of the Acts on Income Tax, Wealth Tax, Excise and
Customs Duty, Sales Tax, VAT, Service Tax (To Discuss Case Laws) Consumer Protection Act,
1986: Definition of consumer, Consumer Protection Councils and Consumer Redressal forums(To Discuss
Case Laws) Information Technology Act, 2000: objectives, meaning of digital signature, protection of
transfer of funds under this act, (To Discuss Case Laws) Right to Information Act: Objectives,
Definition of information, Organizations covered under this act, Exceptions under RTI Act (To Discuss
Case Laws) Environment laws: Types of Pollution, Rule of Strict Liability and Absolute Liability,
Applicability of Criminal Law, Environmental Legislations in India – An Overview (To Discuss Case
Laws) Alternative Dispute Resolution Mechanisms: Overview of Arbitration and Conciliation Laws in
India (To Discuss Case Laws)
Text Books And Reference Books:
Please see section below.

Essential Reading / Recommended Reading:

Essential ReadingAlbuquerque Daniel, Legal Aspects of Business, Oxford University Press, 2013 Recommended Reading1. Saravanavel and Sumathi, Business
nd nd
Law for Management, (2 Edition), 2005, Bombay: Himalaya Publishing House, 2. Kumar Ravinder. (2011). Legal aspects of business (2 ed.). New Delhi: CENGAGE
th
Learning3. Mathur B. Satish, (2011) Business Laws, NewDelhi:The McGraw Hill Higher Education4. Jabwala, N.H. (2011).The law of contracts (7 ed.). Bombay: C,

Jamunadas& Co Publications.5. Jabwala, N.H., The sale of goods act. Bombay: C. Jamunadas& Co Publications.6. Ujjanwar,S.S.(2000). Law of contract. Calcutta:

Eastern Law House Publications.

Additional Information
CIA, MIdterm & End Term Examination information Course Assignments

CIA 1 (Component 1) Assignment Description

Article based on literature review of a topic relevant to Performance Management or Counseling
Assignmen
Research Assignment
t Type
Individual /
Individual
Group
Submission
20-Jun-2018
Date
Submission
Print (hardcopy)
Mode
Maximum
20
Marks
Weightage 10%
 The purpose of the assignment is to get insight on scholarly research in the area of
Performance Management. Also you should be able to summarize and present the
information in a clear, concise and coherent manner. You are required to read ATLEAST
THREE peer-reviewed articles on the topic relevant to PERFORMANCE MANAGEMENT or
COUNSELING from scholarly journals.

The following journals will be a good source of high quality scholarly articles in the area of
HR / Performance Management: (1) Human Resource Management (2) Human Resource
Management International Digest (3) Human Resource Management Review (4) Journal of
Human Resources (5) HRM The Journal (6) Workforce Magazine (7) Human Resources
Management Journal (8) The HR Director (9) International Journal of Human Resource
Studies (10) Academy of Management Journal (11) Organization Science (12) Academy of
Management Review (13) Harvard Business Review (14) Human Relations (15) Journal of
Applied Psychology (16) Journal of Management (17) Management Science (18)
Organization Studies (19) Organizational Behavior and Human Decision Processes.

How to locate an appropriate article?

Other You can browse journals and magazines (online or hardcopy) at the Knowledge
●

Instruction Center. The article should pertain to the area of Employee or Organizational
s Performance Management.

● There are other search engines or sources such as Google Scholar that you can use.

Guidelines for article review?

Article write up should be two to three pages long, typed or hand written, double
●

spaced
At the top of the page put your Name and Register Number. Don’t bother with a cover
●

page
o Step 1: State the following information about the articles that you have chosen for review
: Author(s), (year of publication). Article title. Journal name, volume, number, pages.
o Step 2: Write a summary of the chosen based on your reading of the research articles.
o Step 3: Explain the variables for the study, methods used and findings presented
o Step 4: Offer your opinion on the outcome of the study – How does this study further our
knowledge base or the goals of performance management OR describes, explains, predicts
and influences employee or organizational performance? What does it add to our
knowledge of performance management?
CLO1 – Domain Knowledge
●

CLO2 – Knowledge Application

●

Learning CLO12 – Research Skill

●

Objective/s CLO13 – Analytical Skill

●

CLO18 – Report writing skill

●

CLO22 – Scientific temperament

●

Statements Get insight on scholarly research in the area of Performance Management

●

describing
Summarize and present the research information in a clear, concise and coherent
●
learning
objective/s manner
Evaluation
YES
Rubrics
You may use the format given below to write this article review.

Performance Management & Employee Counseling (PMEC)

Assignment: Journal Articles Review
Name: Register No: Date:
Topic for research:

Articles Reviewed (Use APA format)

1.
Example: Cascio, W. F. (2012). Methodological issues in international HR management research. The
International Journal of Human Resource Management, 23(12), 2532-2545
Write up based on review of above articles (1500 words):

Evaluation rubrics for CIA 1 Component 1

Excellent Good Average Unsatisfactory

Criteria
(1.5) (1) (0.5) (0)
Displays
reasonable
Displays excellent level of Displays acceptable level Has no clue about
CLO1 - understanding and understanding of understanding the topics and is not
Domain appreciation of the appreciation of appreciation of the chosen able to show any link
Knowledge chosen topic and its the chosen topic and its relevance to between the chosen
relevance to course topic and its course topic and the course
relevance to
course
Shows some
Shows little or no
Is able to apply ability to apply Needs to improve ability to
CLO 2 - ability to apply
understanding of the understanding apply understanding of the
Knowledge understanding of the
course topic/s to the of the course course topic/s to the
Application course topics to the
research. topic/s to the research.
research.
research.
Topic has
been chosen
based on
limited review
The topic has been Topic has been chosen Topic has very little
of research
chosen based on good randomly based on relevance to course
(reputed
CLO12 - review of research popular literature with very and research
journals) or
Research (reputed journals) or limited research basis. question are not
industry
Skill industry literature and Poor link between formed and are not
literature and
research questions are questions and research or apparent from the
Research
based on it. industry literature. literature review.
question(s)
show weak link
with literature
review.
Information is Information is
organized in a logical organized in a No logical
CLO13 - manner that provides logical No logical organization of organization of
Analytical meaningful insights manner. But information. Insights information nor
Skill deduced from the limited insights deduced not relevant meaningful insights
review of research are deduced deduced
papers from the
 review of
literature.
Report is clear and
Report is
CLO21 - concise, free of
largely free of Report shows numerous
Report grammatical error, Very poor
grammatical grammatical errors
Writing Skill spelling and
errors
punctuation error
Relies on
structured
Relies on a very approach to Minimal reliance on a Displays little or no
CLO22 -
structured approach present report structured approach and structured approach
Scientific
and reputed research or uses good has not used any reliable nor uses any
Temperamen
sources to present the resarch resources to present the research sources to
t
report resources for report present the report
presenting the
report
CLO14 -
- Evident Partly evident -
Creativity

CIA 1 (Component 2) Assignment Description

Develop a JOB DESCRIPTION and JOB SPECIFICATION for a Performance Management Specialist
Assignment
Application based assignment
Type
Individual /
Individual or Teams of TWO students
Group
Submission Date 2-Jul-2018
Submission
Print (hardcopy)
Mode
Maximum Marks 20
Weightage 10%
Develop a JOB DESCRIPTION and JOB SPECIFICATION for a Performance
●

Management Specialist in any industry (technology, retail, manufacturing, etc)

Other of your choice.
Instructions Assuming you have an online job application process, list out at least 15
●

screening questions that you might like to ask a potential applicant to fill in, before
they are able to apply for the position on your online job application system.
CLO1 – Domain Knowledge
●

CLO2 – Knowledge Application

●

Learning
CLO14 – Creative Thinking
●
Objective/s
CLO15 – Practical Skill
●

CLO16 – Decision Making

●

Statements Understanding of the knowledge, skill, competencies for a HR / Performance

●

describing Management specialist

learning Evaluation and synthesis of competencies required for Business / HR managers
●

objective/s to manage employee and organization performance.

Evaluation
YES
Rubrics
Evaluation rubrics for CIA 1 Component 2

Excellent Good Average Unsatisfactory

Criteria
(2) (1) (0.5) (0)
CLO1 – Shows Has partly Displays little understanding of Has not
 excellent understood
Domain addressed the
understanding the assignment
Knowledge topic at all
of assignment assignment
Has included
Has included all most of the
relevant JD & JD & JS Has failed to
CLO2 – Has included some of the important of
JS elements elements include most of
Knowledge the JD & JS elements but has missed
ideally required ideally the relevant JD &
Application out and some
for a strong JD required for a JS elements
& JS strong JD &
JS
JD & JS are
JD & JS are
designed
designed
creatively OR JD & JS are designed in a No interest
CLO14 – creatively and
questions standardized or routine manner and do evident in
Creative questions used
used for short not display any creativity; Also carrying out the
Thinking for short listing
listing display questions show similar approach. assignment.
display creative
creative
thinking
thinking
Questions are
Questions are
not so well Very poor
well structured
CLO15 – structured but Questions are not so well structured structuring of
and fully
Practical are largely and are only partly relevant for short questions and
relevant for
Skill relevant for listing candidates irrelevant to the
short listing
short listing task
candidates
candidates
Questions are
Questions are
such, it allows Questions have
CLO17 - such, it allows
for good Questions are such do not give great no link to the
Decision for a well
chance of a confidence of a good hiring decision position being
Making informed hiring
well informed hired.
decision
hiring decision

CIA 3 (Component 1) Assignment Description

Numerical based assignment on Balanced Scorecard
Assignmen
Application based assignment
t Type
Individual /
Individual or Teams of TWO students
Group
Submissio
2-Aug-2018
n Date
Submissio
Print (hardcopy)
n Mode
Maximum
20
Marks
Weightage 10%
Black Bean Productions has in the past produced one fairly successful product. Recently,
however, a new version of this product has been designed and efforts are on to add this
Other new product to the product list and popularize this among customers. Given below are
Instruction some details of the activities for the month of July 2017.
s
Existing Product 50000 Units
Units Produced
New product 10000 Units
 Existing Product Rs. 4,87,50,000
Cost of units produced
New product Rs. 91,00,000
Existing Product Rs. 7,15,00,000
Sales Revenue
New product Rs. 1,62,50,000
Existing Product 10000 hours
Hours Worked (man-hours)
New product 2500 hours
Development Costs Rs. 6,11,00,000

You are required to apply the BALANCED SCORECARD perspective to:

(1) Suggest organizational performance indicators (6 marks)

(2) Calculate the performance indicators suggested by you from the above
information (4 marks)

● CLO1 – Domain Knowledge

Learning ● CLO2 – Knowledge Application
Objective/s ● CLO13 – Analytical Skill
● CLO15 – Practical Skill
Evaluation
YES
Rubrics
Evaluation rubrics for CIA 3 Component 1

Criteria Excellent Good Average Unsatisfactory

All suggested
performance
Most of the suggested
Indicators are Some of the performance
performance Indicators Performance
CLO1 – fully relevant Indicators are relevant
are relevant reflecting a Indicators have
Domain reflecting an reflecting a partial
good understanding of no relevance to
Knowledge excellent understanding of the context
the context in the case the case (0)
understanding in the case (1)
(2)
of the context in
the case (3)
Use all the
relevant
information Use most of the relevant
from the case to information from the Partially uses the gig=ven Displays little or
CLO2 – calculate the case to calculate the information to calculate the no understanding
Knowledge identified identified performance identified performance of how to use the
Application performance indicators and the indicators. Solutions are case information
indicators and solutions are largely partially correct (1) (0)
the solutions correct (2)
are fully correct
(3)
Information is
organized in a
No evidence of a
CLO13 - logical manner Information is organized No logical organization of
logical approach
Analytical with good clarity in a logical manner but information nor is approach
to the problem
Skill of approach to clarity is limited (1) clear (0.5)
(0)
solving the
problem (2)
CLO15 – Questions are Questions are not so Questions are not so well Very poor
Practical well structured well structured but are structured and are only partly structuring of
Skill and fully largely relevant for short relevant for short listing questions and
 relevant for
irrelevant to the
short listing listing candidates (1) candidates (0.5)
task (0)
candidates (2)

CIA 1 (Component 2) Assignment Description

Develop a JOB DESCRIPTION and JOB SPECIFICATION for a Performance Management Specialist
Assignment
Application based assignment
Type
Individual /
Teams of FOUR students
Group
Submission
9-Aug-2018
Date
Submission
Print (hardcopy)
Mode
Maximum
20
Marks
Weightage 10%
The assignment is aimed at developing your ability to summarize and present research
●

/ case study. The expectation is that you will present the information in a logical,
interesting sequence which the audience can follow. Also you should have a thorough
understanding of the topic to be able to give a clear and confident response with
adequate explanation and elaboration to any questions that may be raised. Also you
Other will be assessed on your ability to make presentations by maintaining eye contact with
Instructions audience and using a clear voice that will get the attention of the audience.

● Presentation duration : 10 mins presentation; 2 mins QA. Please adhere to time limits.
And do not waste time in setting up.

● Slide set to be mailed ahead of the schedule of presentation

● CLO1 – Domain Knowledge
● CLO2 – Knowledge Application
● CLO12 – Research Skill
● CLO13 – Analytical Skill
Learning ● CLO15 - Practical Skill
Objective/s
● CLO16 – Decision Making
● CLO17 – Presentation Skill
● CLO21 – Team work
● CLO23 – Global Perspective
Evaluation
YES
Rubrics
Evaluation rubrics for CIA 3 Component 2

Excellent Good Average Unsatisfactory

Criteria
(1) (0.75) (0.5) (0)
Has not gathered important
Information Information gathering
CLO1 – and relevant information. Shows little or no
gathering and and structuring is good
Domain Contains some errors and understanding of
structuring is but not very
Knowledge structuring has scope for the assignment
excellent (2) comprehensive (1)
improvement
CLO2 – Use of Use of Information for Use of Information for Little or no use of
Knowledge Information for analysis of decision analysis of decision shows information
Application analysis of appears okay gaps gathered for
 decision is
decision making
excellent
PMS tools
PMS tools researched
researched are
are ones on which info
best in the
CLO12 - is easily available on
market AND
Research Skill the net and the system
system features
features researched are
researched are
not covered adequately.
described well
Information is
organized in a
CLO13 - logical manner Information is organized No logical organization of No evidence of a
Analytical with good clarity in a logical manner but information nor is approach logical approach
Skill of approach to clarity is limited. clear. to the problem
solving the
problem.
Questions are
Very poor
well structured Questions are not so Questions are not so well
structuring of
CLO15 – and fully well structured but are structured and are only
questions and
Practical Skill relevant for largely relevant for short partly relevant for short
irrelevant to the
short listing listing candidates listing candidates
task
candidates
Decision is
based on Decision is based on
CLO16 – Decision is taken based on
thorough limited research and No factual basis
Decision facts that are partially
research and opinions based on for decision
Making incorrect
understanding superficial information
of facts
Demonstration
of full
knowledge of
the assignment Does not have
undertaken. grasp of
At ease with topic and Uncomfortable with topic
CLO 17 - Presents information;
answers all questions, and is able to answer only
Presentation confidently, cannot answer
but does not elaborate rudimentary questions
Skill maintains eye questions about
contact and subject
answers all
questions to
satisfaction
Evidence that all
members of the Evidence that not all
Evidence that only a one or No evidence of
CLO21 – team were fully members of the team
two members carried out team work or
Team work involved and were involved in the
the assignment. collaboration.
collaborated for assignment.
the assignment
Cross border
scalability of the Cross border scalability did
CLO23 –
PMS tool was a not appear to be a key
Global - -
key feature for feature for choosing the
Perspective
choosing the tool.
tool.

Mid Trimester Examination

Assignment Written Examination
●

Type Test questions based on BLOOM’s TAXANOMY

●

Examination
TBD
Date
Maximum
50
Marks
Weightage 25%
Approach to question paper:
Conceptual or theory based questions (2 simple, 2 Moderate, 1 Complex)
●

Application and contextualization questions (1 simple, 2 moderate, 1 complex)

●

Case Study Analysis (complex)

●

Units to be covered:
● Unit I to Unit IV

Question paper pattern:

Other
● Section A: Conceptual or theory based questions (2 simple, 2 Moderate, 1 Complex);
Information
5 questions X 4 marks = 20 marks

● Section B: Application and contextualization questions (1 simple, 1 moderate, 1

complex); 3 questions X 7 marks = 21 marks

● Section C: Case Study Analysis; 9 marks

Special instructions to students (if any):

For case study analysis, follow the methodology discussed in class and link responses to
theoretical frameworks discussed during the course
● CLO1 – Domain Knowledge
Learning ● CLO2 – Knowledge Application
Objective/s
● CLO13 – Analytical Skill
Evaluation
NO
Rubrics

End Trimester Examination

Assignment ●Written Examination
Type ●Test questions based on BLOOM’s TAXANOMY
Examination
TBD
Date
Maximum
100
Marks
Weightage 50%
Approach to question paper:
●Test of conceptual understanding and context based application.

Chapters/topics to be covered:
Other ●Unit 1 to Unit VII
Information
Question paper pattern:
●Section A – 5 questions X 8 marks = 40 marks

● Section B – 4 questions X 12 marks = 48 marks

 ● Section C – 1 question X 12 marks = 12 marks

Special instructions to students (if any):

For case study analysis, follow the methodology discussed in class and link responses
●

to theoretical frameworks discussed during the course

CLO1 – Domain Knowledge
●

Learning
CLO2 – Knowledge Application
●
Objective/s
CLO13 – Analytical Skill
●

Evaluation
NO
Rubrics

Simulation / Lab
Title Performance Management Laboratory
Conduct hands on goal planning, goal setting and performance evaluation
Description exercise using dummy data on a live software.
SAP HCM Software
The lab will give students hands on experience of performance management
process as practiced in organizations.
Objective & (1) Practical knowledge and understanding of Performance Management
Learning Outcome Process
(2) Exposure to online tool on performance management
(3) Principles of designing an effective performance management system
(1) Human Resource Management
Link to Courses (2) Performance Management
(3) Talent Management
Time Required 3.5 hours
Seating space
●

Laptops / Desktops
●

SAP HCM software

●

Resources
Audi-visual set up: Projector, Screen, Audio set up
●

Internet Connection with bandwidth for 60+ students to access software on

●

the cloud
Procedure Take support from LOS Team for running the simulation

Evaluation Pattern
CIA 1 Case Assignment on Business Laws topics 20 marksCIA 2 Mid Trimester Examinations 50 marksCIA 3 Role Play & Case Laws

Presentations 05 marks Chapter Exercises 15 marksEnd Trimester 100 marks