Business Laws And Ethics (BLE) (Paper-5) CMA Inter Group 1

SECTION A: COMMERCIAL LAWS [30%]

1. Introduction to Law and Legal System in India - 5%

• Introduction to the Constitution of India 
• Fundamental Rights 
• Sources of Law 
• Primary and Subordinate Legislations 
• Legislative Process in India 
• Legal Methods including Judicial Alternative Dispute Resolution (ADR) Process in India 
• Legal Terminology and Maxims

2. Indian Contracts Act, 1872 - 10%

• Essential Elements of a Contract, Offer, and Acceptance 
• Void and Voidable Agreements 
• Consideration 
• Legality of Object 
• E-contracts - Essential Requirements for Enforceability 
• Constraints to Enforce Contractual Obligations 
• Quasi-contracts, Contingent Contracts, Termination or Discharge of Contracts 
• Assignment of Contractual Rights and Obligations 
• Representations and Warranties 
• Impossibility and Force Majeure 
• Termination by Novation 
• Tender Procedure of Government Contract 
• Special Contracts - Indemnity and Guarantee; Bailment and Pledge; Laws of Agency

3. Sale of Goods Act, 1930 - 5%

• Essential Conditions of a Contract of Sale 
• Transfer of Ownership 3.3 Conditions and Warranties 
• Performance of the Contract of Sale 
• Rights of Unpaid Seller 
• Auction Sales 

4. Negotiable Instruments Act, 1881 - 5%

• Definition and Features of Negotiable Instrument 
• Crossing, Endorsement, and Material Alteration 
• Acceptance, Assignment, and Negotiation 
• Rights and Liabilities of Parties 
• Dishonor of a Negotiable Instrument (with Special Emphasis on Section 138) 

5. Indian Partnership Act, 1932 - 2.5%

• Nature of Partnership 
• Rights and Liabilities of Partners 
• Formation, Reconstitution, and Dissolution of Firms 

6. Limited Liability Partnership Act, 2008 - 2.5%

• Concept, Formation, Membership, Functioning 
• Dissolution

SECTION B: INDUSTRIAL LAWS [15%]

7. Factories Act, 1948 - 2.5%

8. Payment of Gratuity Act, 1972 - 2.5%

9. Employees Provident Fund and Miscellaneous Provisions Act, 1952 - 2.5%

10. Employees State Insurance Act, 1948 - 2.5%

11. The Code on Wages, 2019 - 5%

SECTION C: CORPORATE LAWS [40%]

12. Companies Act, 2013 - 40%

• Company Types, Promotion, Formation, and Related Procedures (Sec 1 to Sec 122 of Companies Act, 2013) 
• Director - Role, Responsibilities, Qualification, Disqualification, Appointment, Retirement, Resignation, Removal, Remuneration and Powers, Directors Identification Number 
• Operational and Financial Control 
• Internal Financial Control for Financial Reporting (Section 134, 143, and 177) 
• Rights of Shareholders 
• Key Managerial Personnel

SECTION D: BUSINESS ETHICS [15%]

13. Business Ethics and Emotional Intelligence - 15%

• Ethics – Meaning, Importance, and Nature 
• The “Seven Principles of Public Life” – Selflessness, Integrity, Objectivity, Accountability, Openness, Honesty, and Leadership 
• The Relationship between Ethics and Law 
• Business Ethics and its Relevance to Business 
• Values and Attitudes of Professional Accountants 
• Primary Norms of Business Ethics - Honesty, Accountability, etc., the Application in Decisions regarding Employers, Finance, and Trading 
• Internal Code of Ethics 
• Ethics in Business Dealings 
• Case Study on Business Ethics 
• Emotional Intelligence (Concept and Importance)