Business Law as Applicable to Co-operative-I

Explore essential Indian laws like Contract, Property Transfer, Income Tax, and more. Learn about rights, regulations, and procedures vital for business and personal legal understanding. Grasp key legal concepts to confidently navigate everyday situations.

Business Law as Applicable to Co-operative-I

1 Indian Contract Act, 1872

  1. Lawful Proposal (Sec. 2(a))
  2. Lawful Acceptance (Sec.7)
  3. Capacity of Parties or Competency of Parties to make a Contract (Sec. 11)
  4. Minor’s Agreement (Compentency to Contract Sec.11)
  5. Lawful Consideration (Sec. 2(d))
  6. Free Consent (Sec. 13)
  7. Kinds of Contracts

2 The Transfer of Property Act, 1882

  1. Transfer of Property: Scope and Modes of Transfer
  2. Mortgages and Kinds of Mortgages (Sec. 58 to 99)
  3. Sale of Immovable Property (Sec. 54 to 56)
  4. Lease of Immovable Property (Sec. 105 to 117)
  5. Gift (Sec. 122 to 129)
  6. Other General Concepts/Terms Explained

3 The Sale of Goods Act, 1930

  1. The Term “Goods” Explained [Section 2(7)]
  2. Concept “Ownership in Goods” Explained [Section 2(4) and s(11)]
  3. Concepts: ‘Sale’ and ‘Agreement to Sell’ Explained (Section 4 and 26)
  4. Conditions and Warranties (Sec. 11-17)
  5. Quality of Goods (Doctrine of Caveat Emptor)
  6. Transfer of Title i.e. Property in Goods
  7. Unpaid Seller
  8. Rules Relating to the Auction-Sale

4 Civil Procedure Code, 1908

  1. Court
  2. Jurisdiction of Courts
  3. Suit
  4. Plaintiff and Defendant
  5. Decree
  6. Execution
  7. Res Judicata
  8. Execution against Property

5 Income Tax Law

  1. Important Concepts Definitions and Terms under the Income Tax Law
  2. Income from Salaries
  3. Income from House Property
  4. Profits and Gains from Business/Profession
  5. Income from other Sources
  6. Deductions Under Chapter VIA
  7. Taxation of Co-operative Societies
  8. Importance of Permanent Account Number (PAN)
  9. Litigations and Remedies

6 Other Tax-laws – VAT/GST, Service Tax, Stamp Act (Central And State)

  1. History
  2. Definitions
  3. Salient Features of VAT and GST
  4. Salient Features of Service Tax
  5. Salient Features of Stamp Act (Central and State)

7 Indian Penal Code, 1860

  1. History in Brief
  2. Important Definitions
  3. Scheme of the Penal Code
  4. Ingredients of Criminal Conspiracy
  5. Unlawful Assembly
  6. Public Servant Disobeying Law
  7. Giving False Evidence
  8. Dishonestly Making False Claim in Court
  9. Dishonest Misappropriation of Property
  10. Criminal Breach of Trust
  11. Cheating
  12. Mischief
  13. Forgery
  14. Defamation
  15. Falsification of Accounts
  16. Cognizance of Offence
  17. Provisions Related to Bail

8 The Prevention of Food Adulteration Act, 1954

  1. Historical Background and Need
  2. Important Definitions and Concepts
  3. Important Provisions
  4. Penalties

9 The Essential Commodities Act, 1955

  1. Historical Background and Need
  2. Important Concepts and Definitions
  3. Important Provisions
  4. Penalties
  5. Offences by Companies
  6. Procedure of Execution of Offences

10 The Consumer Protection Act, 1986 & Weights And Measurement Act, 1976

  1. Historical Background
  2. Important Concepts and Definitions
  3. Salient Features of the Consumer Protection Act 1986
  4. Salient Features of the Standards of Weights and Measures Act 1976

11 The Limitation Act, 1963

  1. Concept of Limitation and General Principles of Limitation
  2. Extension of Limitation for the Reason Sufficient Cause
  3. Legal Disability
  4. Exclusions for Computation of Period of Limitation
  5. Effects on Limitation
  6. Acquisition of Ownership by Possession
  7. General Information

12 The Indian Evidence Act, 1872

  1. Objects of the Indian Evidence Act
  2. Definitions
  3. Public Documents and Certified Copies
  4. Presumption as to Documents
  5. Principle of Estoppel
  6. Witnesses
  7. Important Amendments Subsequent the Introduction of the Information and Technology Act 2000

13 Information and Technology Act, 2002

  1. History in Brief
  2. Scheme of the Act
  3. Important Definitions
  4. Internet Culture and Advantages of the System
  5. Organizational Structure under the Act
  6. Emerging Crimes Offences
  7. Non-applicability of IT Act 2000 in Respect of Certain Acts

14 Right To Information Act, 2005

  1. History in Brief
  2. Important Definitions
  3. Scheme of the Act
  4. Important Topics for Study
  5. Public Authority to Fulfil Obligation by Proactive Disclosure
  6. The Central Information Commission
  7. Act to have Overriding Effect