Taxmann Business Laws B.Com. CBCS (Choice Based Credit System) By Sushma Arora Edition March 2021


Get the Basic Knowledge of the Important ‘Business Laws’ along-with relevant Case Laws. For Choice-Based-Credit-System (CBCS), as per revised structure implemented for Academic Year 2019-20

SKU: M21BCOM205 Category: Tag:

Taxmann Business Laws Choice Based Credit System Sushma Arora

Taxmann Business Laws Choice Based Credit System Sushma Arora

This book is a comprehensive & authentic book on ‘Business Laws’, as per revised structure which was implemented from Academic Year 2019-20. The objective of this book is to impart basic knowledge of the important business laws relevant to conducting general business activities in physical and virtual spaces along-with relevant Case Laws. The learning outcomes for this book are as follows:
  • Understanding the basic aspects of contracts for the making the agreements, contracts and subsequently enter valid business propositions
  • Handle the execution of special contracts used in different types of business
  • Learn legitimate rights and obligations under the Sale of Goods Act
  • Acquire skills to initiate entrepreneurial ventures as LLP
  • Understand the fundamentals of Internet based activities under the Information and Technology Act

This book aims to fulfill the requirement of students pursuing the following courses

  • [Paper BC 2.2 | B.Com. (Three-year/6-semester)] B.Com. (Prog.) registered with Choice Based Credit System (CBCS) under Regular Colleges
  • Non-Collegiate Women’s Education Board
  • School of Open Learning | University of Delhi
  • Other Central Universities throughout India
  • Students of CA-Intermediate or Company Secretaries

The Present Publication is the 6th Edition, authored by Sushma Arora, with the following noteworthy features:

  • [Most amended] The current edition incorporates the following amendments:
  • Jammu & Kashmir Reorganisation Act, 2019 (w.e.f. 31st October, 2019)
  • Provisions regarding incorporation of LLP have been updated in the Chapter on Formation and incorporation of LLP
  • The latest provisions regarding taxation treatment of LLP have been inserted for A.Y. 2020-21 & 2021-22 in the Chapter on Financial disclosures and taxation of LLP
  • Threshold for filing application for CIRP increased to 1 Crore as per 24th March, 2020 Notification
  • COVID-19 protection for LLP debtors as per 5th June, 2020 Notification has been incorporated in the Chapter on Winding up and Dissolution of LLP
  • The amendment to the Second Schedule of the Information Technology Act, 2000 (dated 5th March, 2019) has been inserted in the Chapter on Digital Signature
  • Under the Information Technology Act, 2000, the content regarding Certifying Authorities has been updated in the Chapter on Regulation of Certifying Authorities
  • The subject-matter is presented in a simple, systematic method along with comprehensive explanation of the concept and theories underlying business laws.
  • [Student-Oriented Book] This book has been developed, keeping in mind the following factors:
  • Interaction of the author/teacher with his/her students in the class-room
  • Shaped by the author/teachers experience of teaching the subject-matter at different levels
  • Reaction and responses of students have also been incorporated at different places in the book
  • [Incorporated examples/case studies] which are derived from Landmark Rulings
  • [Chapter-wise Case Laws] have been provided in the beginning of the book. It also covers the Case Laws recommended by the Dept. of Commerce, Delhi University
  • [Test questions/practical problems along-with hints & true/false questions] are given at the end of each chapter to provide students a thorough practice in solving examination questions
  • [Past examination question] for Business Laws have been provided at the end of the book for the reference of students, to have a clear idea of questions normally asked
  • B.Com. (Hons.) SEM I, 2011
  • B.Com. (Hons.) Part I/SEM I, 2012
  • B.Com. (Hons.) Part I/SEM I, 2013
  • B.Com. (Hons.) Part I/SEM I, 2014
  • B.Com. (Hons.) CBCS/SEM II, (May-June) 2016
  • B.Com. (Hons.) CBCS/SEM II, (May-June) 2017
  • B.Com. (Hons.) CBCS/SEM II, (May-June) 2018
  • B.Com. (Hons.) CBCS/SEM II, (May-June) 2019
  • B.Com. (Hons.) CBCS/SEM II, (August) 2020

The contents of the book are as follows

Indian Contract Act, 1872

  • Nature, Meaning, Essential and Kinds of Contract
  • Offer and Acceptance
  • Consideration
  • Competency of the Parties to Contract
  • Free Consent
  • Legality of Object and Consideration
  • Void Agreements and Contingent Contracts
  • Discharge of Contract
  • Quasi Contracts
  • Remedies for Breach of Contract
  • Indemnity and Guarantee
  • Contract of Bailment and Pledge
  • Contract of Agency

Sale of Goods Act, 1930

  • Nature and Formation of Contract of Sale
  • Conditions and Warranties
  • Transfer of Property
  • Performance of Contract of Sale
  • Unpaid Seller and his Rights

Limited Liability Partnership Act, 2008

  • Introduction to LLP: Nature and Scope
  • Formation and Incorporation of LLP
  • Partners and their Relations in LLP
  • Financial Disclosures and Taxation of LLP
  • Conversion to LLP
  • Winding up and Dissolution of LLP

Information Technology Act, 2000

  • Introduction to IT Act: Scope and Application
  • Digital Signature
  • Electronic Governance
  • Attribution, Acknowledgement and Despatch of Electronic Records
  • Regulation of Certifying Authorities
  • Cyber Contraventions, Adjudication, Appellate Tribunal and Offences

About the Author

Sushma Arora is an Associate Professor in the Department of Commerce, University of Delhi. An alumnus of Daulat Ram College, she topped the B.Com. examination at Daulat Ram College in 1975 and is a Delhi University position holder. She is the awardee of National Merit Scholarship during her M.Com. course from Delhi School of Economics, University of Delhi and thereafter joined her alma mater as a faculty member. She has 35 years of teaching experience. She has participated in number of national and international seminars/conferences. Her areas of special interest are Business and Industrial Laws, Cost Accounting and Business Statistics.

Weight 0.625 kg








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