The Second Edition of the book continues to explain the legal
aspects of the different business laws of the land to help students
understand and gain knowledge of the legal environment in which the
businesses operate. The knowledge of the business laws is of
paramount importance to every business manager and chartered
accountant, who need to deal with legal matters regularly. This
book is specifically designed to introduce the students to the
legal environment and thus includes all important Acts, such as the
Law of Contracts, the Sales of Goods Act, 1930, the Negotiable
Instruments Act, 1881, the Law of Insurance, the Company Law, the
Factories Act, 1948, the Industrial Disputes Act, 1947, the Trade
Unions Act, 1948, the Minimum Wages Act, 1948, the Employees' State
Insurance Act, 1948, the Consumer Protection Act, 1986, the
Pollution Control Acts, 1974 and 1981, and the other important
legal issues. The book presents a systematic and in-depth treatment
of the various Acts in a concise, lucid and illustrative manner,
using several suitable practical examples and studies of different
law cases with a view to making the subject more intelligible,
interesting and authentic. Review questions and practical
assignments provided at the end of each chapter are designed to
help the students grasp and apply the provisions of different Acts.
New to the second edition The following new chapters have been
introduced in the second edition to enrich the contents: Corporate
Governance Intellectual Property Rights Right to Information Act
Telecom Regulatory Authority of India In addition, the part three
of the book, which is on the Company Law, has been updated with the
latest Companies Act, 2013. The book is primarily designed to serve
the needs of undergraduate students of Commerce (B.Com). It is
equally useful for BBA and MBA students and those pursuing
professional courses at The Institute of Chartered Accountants and
The Institute of Company Secretaries, besides meeting the growing
needs of aspirants preparing for competitive examinations.
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