SECTIONS LIST-BUSINESS LAW CA IPCC

SECTIONS LIST:BUSINESS LAW [CA-IPCC]

BY

CA ANKIT OBEROI [CA, MBA, BCOM (H)] FACULTY OF LAW

CLASSES AT:VISION INSTITUTE OF COMMERCE (P) LTD, DELHI BRIGHT COMMERCE ACADEMY, DELHI

Contact:Facebook:-www.facebook.com/CA.Ankit.Oberoi E-Mail:- [email protected] Website:-www.caankitoberoi.com CA ANKIT OBEROI

1

SECTIONS LIST-BUSINESS LAW CA IPCC

THE INDIAN CONTRACT ACT, 1872 Offer or proposal Promise Agreement Contract Promisor and Promisee Consideration Void Agreement Voidable Contract Void Contract Essentials of a Valid Contract Agreement to do impossible act Agreements void for uncertainty Classification of Contracts Mode of making an offer Legal rules for a valid acceptance Communication when complete Time limit for revocation Exceptions to the rule: no consideration, no contract Persons of unsound mind Coercion Undue Influence Fraud Misrepresentation Mistake Unlawful object & Consideration Agreement unlawful in part Agreement in restraint of trade Agreement in restraint of Marriage Agreement in restraint of legal proceedings Wagering Agreements Contingent Contracts Rules regarding Contingent Contracts Supplies of necessities to person incompetent to contract Payment by a person who is interested in a transaction Finder of goods Money paid under a coercion or mistake Performance of Joint promise

Sec 2 (a) Sec 2 (b) Sec 2 (e) Sec 2 (h) Sec 2 (c) Sec 2 (d) Sec 2 (g) Sec 2 (i) Sec 2 (j) Sec 10 Sec 56 Sec 29 Sec 2 & 9 Sec 9 Sec 7 Sec 4 Sec 5 Sec 25 Sec 12 Sec 15 Sec 16 Sec 17 Sec 18 Sec 20-22 Sec 23 Sec 24 Sec 27 Sec 26 Sec 28 Sec 30 Sec 31 Sec 32-36 Sec 68 Sec 69 Sec 71 Sec 72 Sec 42

CA ANKIT OBEROI

2

SECTIONS LIST-BUSINESS LAW CA IPCC Appropriation of payment Discharge by performance Discharge by impossibility of Performance Discharge my mutual Agreement Kinds of Breach Recession Suit for damages Introduction to contract of indemnity Rights of Indemnity Holder Essentials and valid rules for a valid contract of guarantee Nature and extent of surety’s liability Continuing guarantee Rights of Surety Discharge of surety from liability Meaning of contract of bailment Essentials of a valid contract of bailment Modes of delivery Duties of a bailor Duties of a bailee

Rights of a bailor

Rights of a bailee Termination of bailment Meaning of ‘Pledge’, ‘pawnor’ & ‘pawnee’ Essentials of a valid contract of pledge Rights of Pawnor Duties of Pawnor Introduction to contract of Agency Salient features of Agency Modes of creation of Agency

Essentials of a valid ratification Duties of an Agent Rights of an Agent When an agent is personally liable Agency coupled with interest Irrevocable Agency Delegation of Authority Termination of Agency

Sec 59-61 Sec 37 & 38 Sec 56 Sec 62 & 63 Sec 39 Sec 39 Sec 73 Sec 124 Sec 125 Sec 126,127,142,143 Sec 128 Sec 129-131 Sec 140,141,145147 Sec 130-139 Sec 148 Sec 148 Sec 149 Sec 150,158, 159 &164 Sec 151157,160,161 & 163 Sec 153,159,163,180, 181 Sec 165-167, 170, 180 Sec 153,159,162 Sec 172 Sec 172 Sec 177 Sec 175 Sec 182 Sec 183-185,226 Sec 187,189,196,214 &237 Sec 198-200 Sec 209-218 Sec 217,220-225 Sec 230 & 231 Sec 202 Sec 202 & 204 Sec 190 Sec 201-210

CA ANKIT OBEROI

3

SECTIONS LIST-BUSINESS LAW CA IPCC

THE PAYMENT OF BONUS ACT, 1965 Topic Applicability of the act Establishments to include departments, undertakings and branches Employee Employer Salary or Wage Eligibility for bonus Disqualification for bonus Payment of minimum bonus Payment of Maximum Bonus Proportionate Reduction Calculation of Number of Working Days Set on and Off of allocable surplus Deduction Mode of, time limit for payment of bonus Payment of bonus linked with Productivity Recovery of bonus due from an employer Special provisions applicable to new establishments Inspectors Non-applicability of the Act Exemption from the provisions of the Act Establishment in public sector

Section 1 3 2(13) 2(14) 2(21) 8 9 10 11 13 14 15 17 & 18 19 31A 21 16 27 32 36 2(16) & 20

CA ANKIT OBEROI

4

SECTIONS LIST-BUSINESS LAW CA IPCC

THE PAYMENT OF GRATUITY ACT, 1972 Topic Applicability of the Act Definitions Eligibility for, and amount of, gratuity Reduction and forfeiture of Gratuity Determination and Payment of Gratuity Recovery of Gratuity Nomination Protection of Gratuity Validation of payment of Gratuity Compulsory Insurance Exemption from Provisions of the Act Inspectors

Section 1 2 4 4(6) 7 8 6 13 13A 4A 5 7A & 7B

CA ANKIT OBEROI

5

SECTIONS LIST-BUSINESS LAW CA IPCC

THE EMPLOYEES PROVIDENT FUNDS AND MISCELLANEOUS PROVISIONS ACT, 1952 Topic Applicability Definitions Non-Applicability Exempted Establishments The Central Board Executive Committee Determination of application Review of order Escaped Amount Interest Payable by the employer Recovery of money from employer Transfer of Accounts Protection against attachment Inspectors Employee Provident Fund Scheme Employees Pension Scheme

Section 1 2 16 17 5A 5AA 7A 7B 7C 7Q 8B 17A 10 13 6 6A

CA ANKIT OBEROI

6

SECTIONS LIST-BUSINESS LAW CA IPCC

THE NEGOTIABLE INSTRUMENTS ACT, 1881 Topic Introduction to Negotiable Instruments Essential or Characteristics of Negotiable Instruments Presumption as to Negotiable Instruments Meaning of promissory Note Essentials characteristics of a Promissory Note Bills of Exchange Cheque Classification of Negotiable Instruments Maturity of Negotiable Instruments Calculation of days of maturity Further classification of Negotiable Instruments Negotiable Instrument made without consideration Partial absence or failure of money-consideration Partial failure of consideration not consisting of money Inchoate Instrument Negotiation-Meaning and Method Meaning of endorsement Essential requirement of a valid endorsement Kinds of endorsements Negotiation Back Holder and Holder in due case Privileges of Holder in due case Payment in due course Types of Crossing Protection to paying banker Liability of paying banker Prtection to collecting banker Liability of drawee on dishonour-conditions Bouncing or Dishonour of Cheques

Section 13 13 118 4 4 5 6 13,19& 21 22 23-25 11-12 43 44 45 20 14 15 15 & 16 16,50,52&56 90 8&9 20,36,43,46,53&58 10 121 &131A 85 129 131 31 138-142

CA ANKIT OBEROI

7

SECTIONS LIST-BUSINESS LAW CA IPCC Material alteration Dishonour by non-acceptance Acceptance Acceptance of bill drawn in fictitious name Drawee in case of need Acceptance for honour Payment for honour Dishonour for non-payment Notice of dishonour Noting and protesting Discharge of Party

20,49,87&125 91 7 & 86 42 7 & 115 108-112 113 & 114 92 93-98 99-103 82-90

CA ANKIT OBEROI

8