NDSS Academy

Business Environment & Legal Aspects of Business (MBA)

Economic, political and social environment of business and key business laws such as contract, company and consumer law.

6 MonthsDuration 5Chapters32Topics
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Syllabus · पाठ्यक्रम

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01Unit 1: Business Environment 6 topics
  1. Meaning and components of business environment
  2. Internal and external environment
  3. Micro and macro environment
  4. PESTEL analysis
  5. Economic systems: capitalist, socialist, mixed
  6. Environmental scanning
02Unit 2: Economic Policies & Reforms 6 topics
  1. New Economic Policy 1991: liberalisation, privatisation, globalisation
  2. Monetary policy and the RBI
  3. Fiscal policy and the Union Budget
  4. Industrial policy and FDI policy
  5. GST overview
  6. WTO and India
03Unit 3: Indian Contract Act, 1872 7 topics
  1. Essentials of a valid contract
  2. Offer, acceptance and consideration
  3. Capacity to contract and free consent
  4. Void, voidable and illegal agreements
  5. Performance and discharge of contract
  6. Remedies for breach of contract
  7. Indemnity, guarantee, bailment and agency
04Unit 4: Sale of Goods & Negotiable Instruments 6 topics
  1. Sale vs agreement to sell
  2. Conditions and warranties
  3. Caveat emptor
  4. Rights of an unpaid seller
  5. Promissory note, bill of exchange and cheque
  6. Dishonour of cheque: Section 138
05Unit 5: Company Law & Consumer Protection 7 topics
  1. Companies Act 2013: types of companies
  2. Memorandum and articles of association
  3. Prospectus, directors and meetings
  4. One person company and LLP basics
  5. Consumer Protection Act 2019: rights of consumers
  6. Consumer commissions and CCPA
  7. Competition Act 2002 and IT Act basics

About

You will be able to

  • Analyse the economic, political, social, technological and legal environment of Indian business
  • Explain the effects of LPG reforms, monetary and fiscal policy on business
  • Apply the essentials of a valid contract under the Indian Contract Act, 1872
  • Explain the main provisions of the Sale of Goods Act and Negotiable Instruments Act
  • Describe company formation and key documents under the Companies Act, 2013
  • Explain consumer rights and remedies under the Consumer Protection Act, 2019

Who it is for

  • MBA students of Semester 2 (AKTU) - Finance, Human Resource, Marketing specialisations
  • Students preparing for AKTU exams and management entrance-level law questions

What you need

  • Graduation in any discipline (MBA admission)
  • Interest in current economic and business news

Questions

Which syllabus is followed?

The AKTU (Dr. A.P.J. Abdul Kalam Technical University, Lucknow) MBA syllabus of Business Environment & Legal Aspects of Business (Semester 2). If your own university's syllabus differs, the centre follows your university syllabus and units.

Do I need a law background?

No. Every legal provision is explained in simple language with business examples and case laws asked in exams.

How will I be tested?

Unit-wise MCQ tests and a final paper at semester level, plus practice on short and long answer questions from previous university papers.

Download the syllabus (PDF)

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