BL-2 (BBA 4th)

Negotiable Instruments Act: Definition of negotiable instrument. Promisory note, Bill of

Exchange and cheques. Parties to negotiable instrument. Discharge of parties from liability.

Dishonour of a negotiable Instrument – Liabilities of Banker and drawer for dishonour of a

cheque. Hundies.

Law of Insurance: Definition and elements of insurance contract, premium and reinsurance.

Basic idea about life, fire, and marine insurance.

Law of carriage: Basic features of law relating to land, air, and sea carriers.

Company Law: Definition and nature of a company, characteristics of a company.

Difference between partnership and company. Formation of Company – Memorandum and

articles of association. Issue of prospectus and membership of company, liability of a

member. Share Capital: types of shares, allotment and transfer and purchase by a company

of its own shares.

Company Management: Appointment and removal of directors. Rights and liabilities of

directors.

Meetings: Statutory meetings, Basic knowledge of various types of resolutions.

Protection of minority shareholders from mismanagement and oppression.

Winding up by court and voluntary winding up.