Higher Education


Legal Aspects of Business

Author(s): Ravinder Kumar

ISBN: 9789355734204

6th Edition

Copyright: 2023

India Release: 2022


Binding: Paperback

Pages: 782

Trim Size: 279 x 216

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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 similar programmes in Commerce and Business Management offered by various universities and B-schools across the country. The sole objective to bring out this volume is to acquaint prospective managers with the key business legislations that govern business activities so that they are able to take decisions that do not fail the test of 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 Right to Information Act, 2005; 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.

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.

  • Coverage of all relevant business legislations for an all-inclusive course on business law
  • Written in a lucid manner, backed by numerous illustrations to illuminate and augment core legal aspects of business
  • Two-column organization of content to make the presentation of the text more optimal
  • Under Part VI – Other Business Legislations, a new segment, Chapter 22 –  ‘Insolvency and Bankruptcy Code, 2016’; an Indian law that creates a consolidated framework that governs insolvency and bankruptcy proceedings for corporate entities, partnership firms, and individuals
  • More than 100 exhibits to provide various enactments at a glance
  • More than 250 real-life cases included for a hands-on approach
  • A comprehensive set of case studies appended to the book to help the readers judge their overall understanding of legal aspects of business 
  • Pedagogical features that aid learning and test conceptual understanding of the subject matter
  • A compilation of 20 landmark judgements pronounced recently by the top courts of the country adding new dimensions to what are regarded as established constitutional principles concerning numerous important topics


PART I The Indian Contract Act, 1872 

1 Establishing Contractual Relationships 

2 Consideration and Legality of Object

3 Competency of Parties

4 Free Consent

5 Void Agreements and Contingent Contracts 

6 Performance and Discharge of Contract 

7 Remedies for Breach of Contract

8 Special Contracts

PART II The Sale of Goods Act, 1930

9 Contract of Sale of Goods

PART III The Indian Partnership Act, 1932 

10 Partnership: Nature and Formation

11 Rights, Duties, and Liabilities of Partners 

12 Dissolution of a Partnership Firm 

PART IV The Negotiable Instruments Act, 1881 

13 Negotiable Instruments: An Introduction 

14 Negotiation and Assignment

15 Presentment of Negotiable Instruments 

16 Dishonour and Discharge of Negotiable Instruments 

PART V The Companies (Amendment) Act, 2019 

17 Nature and Kinds of Companies, Company Formation and Prospectus 

18 Memorandum and Articles, Share Capital and Debentures, Membership

19 Management, Meetings and Winding Up of Company 

20 Limited Liability Partnership

21 The Insolvency and Bankruptcy Code, 2016

PART VI Other Business Legislations 

22 The Consumer Protection Act, 2019

23 The Competition Act, 2002

24 The Securities and Exchange Board of India Act, 1992

25 The Information Technology Act, 2000

26 The Right to Information Act, 2005

27 The Trade Unions Act, 1926

28 The Factories Act, 1948

29 The Securities Contracts (Regulation) Act, 1956 

30 The Depositories Act, 1996

31 The Foreign Exchange Management Act, 1999

32 Environmental Law

33 Intellectual Property Rights

34 The Goods and Services Tax (Amendment) Act, 2018

Appendix: Landmark Judgments



Ravinder Kumar

Ravinder Kumar is Professor and Dean, Faculty of Social Sciences—the largest and oldest faculty of study at Jamia Millia Islamia—NAAC A++ grade Central University, New Delhi. Formerly, he was Head of the Department of Commerce and Business Studies; Honorary Director, Dr K.R. Narayanan Centre for Dalit and Minorities Studies; Director, Centre for Jawaharlal Nehru Studies; and Officiating Director, Centre for Comparative Religions and Civilisations, at the university.

Dr Kumar has two-and-a-half decades of teaching and post-doctoral research experience at the university level. He was Associate Professor in the Department of Business Administration, Skyline College, Sharjah (UAE), where he taught courses of Accounting and International Financial Management, accredited by National American University, USA. He has also been a visiting faculty with the Indian Law Institute—a deemed university, Delhi; Institute of Management Technology (IMT), Ghaziabad; and Indian Institute of Foreign Trade (IIFT), New Delhi.

Over the years, working in the area of Business and Corporate Law, he has authored books such as Legal and Regulatory Environment of Business, Legal and Business Environment, Business Laws, and Auditing: Principles and Practice; co-authored 2 books on Network Security and Cyber Laws; and published numerous research papers in reputed journals including one in Decision. Prof. Kumar has successfully guided 10 Ph.D. scholars in the areas of Finance and HRM