TNDALU Chennai
- Fees: ₹ 67,200
Degrees offered: B.A., B.A.(Hons), B.B.A, B.B.A. L.L.B, B.Com(Hons), B.Sc., B.Sc.(Hons)
Business Law is also known as Commercial Law which deals with legal rules and regulations that governs different aspects of business operations and transactions. Business law provides a legal framework for various businesses to navigate the complex legal issues and ensure compliance with relevant policies or law. Business Law as a course is offered in many degrees at diploma, undergraduate and postgraduate levels such as BBA LLB, LLM, Diploma, BBA, MBA and MA.
Business Law is a sub-discipline of Law and covers a wide variety of laws, such as employment law, corporate law, contract law, intellectual property law, and commercial transactions. Business law is used for various issues related to business, such as formation and dissolution of businesses, partnerships, mergers and acquisitions, liability, consumer protection, and dispute resolution. This type of law provides the legal understandings to the businesses to function properly, including protecting the rights and interests of the employees and employer while ensuring fair and ethical practices.
Particulars | Values |
---|---|
Branch Name | Business Law |
Degree | BBA LLB, LLM, Diploma, BBA, MBA and MA |
Duration | LLB (3 years) Integrated LLB (5 years) LLM (2 years) |
Eligibility | LLB (Graduate with 50 percent of aggregate marks from recognised board) |
Integrated LLB (10+2 with 50 percent of aggregate marks from recognised board) | |
LLM (Bachelors of Law Degree with 50 percent of aggregate marks) | |
Admission Process | LLB (Entrance exams like CLAT, TS LAWCET, AILET, LSAT) |
Integrated LLB (Entrance exams like CLAT, LSAT, AILET) | |
LLM (Entrance exams like AILET, IPU CET, BHU UET) | |
Top Entrance Exams | CLAT, AILET, LSAT, DU LLB |
Course Fees | LLB (Rs 1,00,000 to Rs 1,50,000) |
Integrated LLB ( Rs 1,50,000 to Rs 5,00,000) | |
LLM (Rs 1,50,000 to Rs 5,00,000 ) | |
Top Colleges | Government Law College, Coimbatore, Libra College of Law, Dehradun, All Saints Christian Law College, Visakhapatnam, Amity Institute of Advanced Legal Studies, Noida |
Career options | Lawyer, Business Lawyer, Company Lawyer, Corporate Lawyer |
Average Salary | Rs 1,70,000 to Rs 29,00,000 |
Recruiting Companies | Trilegal India, Anand and Anand, DSK legal, Phoenix legal |
Business Law courses are offered by many universities and colleges. Business Law fee is mostly based on the degree programme which is chosen by the student, type and location of the college. In the table below we have mentioned some of the top colleges offering Business Law courses in India.
Colleges | Fees |
---|---|
- | |
Rs. 67,200 | |
Department of Law, Sri Padmavati Mahila Visvavidyalayam, Tirupati | - |
Rs. 1.56 Lakhs | |
Rs. 3,930 | |
Rs. 80,000 | |
Rs. 24,000 | |
Rs. 97,500 | |
- | |
Rs. 95,580 |
Business Law courses are offered by a number of private universities and colleges in India and admission to the Business Law course is offered based on previous academic achievements and the results of the entrance examinations. The table below lists some of India's best private Business Law colleges.
Colleges | Fees |
---|---|
- | |
- | |
Rs. 80,000 | |
Rs. 24,000 | |
Rs. 97,500 | |
- | |
Rs. 95,580 | |
Department of Law, Chhatrapati Shivaji Maharaj University, Navi Mumbai | Rs. 1.60 Lakhs |
Rs. 1 Lakhs | |
Rs. 2.24 Lakhs |
In India, there are many government universities and colleges that offer Business Law courses. Prior academic achievements and entrance examination scores are used to determine admission for Business Law courses. India's best government Business Law colleges are listed in the table below.
Colleges | Fees |
---|---|
Karnataka State Law University, Hubli | - |
The Tamil Nadu Dr Ambedkar Law University, Chennai | Rs. 67,200 |
Department of Law, Sri Padmavati Mahila Visvavidyalayam, Tirupati | - |
Faculty of Law, SRM University, Delhi-NCR, Sonepat | Rs. 1.56 Lakhs |
Government Law College, Coimbatore | Rs. 3,930 |
- |
Business law specialisation generally includes the areas of law that are relevant to business operations, transactions, and the legal aspects of various businesses. Below we have mentioned the specialisations of Business law.
Below, we have mentioned some of the major degree programmes in Business Law and related course:
B.Com Business Law Hons | |
LLM Infrastructure and Business Law | |
Ph.D Business Law | |
The candidates willing to pursue the course at both undergraduate and postgraduate level, should ensure that they meet the eligibility criteria of the course before applying for the admissions. Applicants willing to apply for the admissions should have an interest in both business and law domains, business law dictates how to form and run a business. For undergraduate courses, the candidates should have completed their 10+2 education with a valid aggregate score specified by the desired institute. For postgraduate courses, the candidates should have a Bachelor's degree in the field of Law or related field and score a valid cut-off.
To get the admissions for Business Law courses at undergraduate level, the students must have completed their 10+2 education with a valid aggregate score specified by the institute in any stream such as Humanities, Science and Commerce. Mentioned below are the general eligibility requirements for the Eligibility Criteria for the postgraduate courses.
LSAT: Law School Admission Test for India (LSAT) is conducted by the law school admission council, an Indian national level law entrance exam. The mode of LSAT exam is online and counselling is done offline.
MH CET Law: Maharashtra Common Entrance Test (MH CET Law) is conducted by Directorate of Higher Education Mumbai, a state level entrance examination for law courses for admission to the law colleges in Maharashtra.
Candidates interested in pursuing Business Law courses at the postgraduate level should meet certain eligibility requirements which would depend on the institute and the course applied by the candidate. For a PG course, the candidates are required to have a Bachelor's degree in Law or related discipline with a valid aggregate score, which will depend on the institute. Mentioned below is the general eligibility requirements of postgraduate course in the field of Business Law.
CLAT PG: Common Law Admission Test for LLM (CLAT PG) is conducted by the Consortium of NLUs to grant admission to the post-graduate courses every year. It offers admissions into the LLM courses in National Law Universities. CLAT is one of the most popular Law Entrance Examinations conducted at both UG and PG courses.
AILET:All India Law Entrance Test (AILET) is conducted by the National Law School, Delhi, a national level entrance examination. AILET exam offers undergraduate and postgraduate courses in top law colleges in India.
The scope of Business Law is vast and includes different areas of Law that may affect the business. Those who are interested in legal aspects of commercial transactions such as drafting contracts, insurance, finance, bank guarantees, and investments can opt for this course. Candidates can pursue various degrees abroad such as Juris Doctorate ( JD), LLB, LLM, and International Law. Graduates have a variety of job opportunities because every business needs a legal advisor and individuals who are always ready to know the laws which are evolving often as business and corporate law is something that is ever-changing.
Detail-oriented people and people who can lead and manage people’s expectations are suitable for this course. Post Graduation in business law can get the students jobs in litigation, law firms, government agencies, and banks.
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Minimum Fees | Maximum Fees | |||
---|---|---|---|---|
Private | Government | Private | Government | |
UG | ||||
PG | ||||
DOCTORAL | ||||
DIPLOMA |
The syllabus for Business Law differs based on the degrees and institute. Some of the subjects offered in the course are Kind of Agreements, Essentials of Valid Agreement, Corporate Finance, Introduction to International Trade Law, and International Sales Law.
The syllabus for undergraduate degree in Business Law in India generally covers various topics, such as Agreements, Lifting of Corporate Veil and Nature of Company. Business Law is taught in a particular semester of undergraduate course. Below we have mentioned the topics that are covered in the Business Law syllabus of Semester- III and Semester- IV of University of Mumbai.
Semester III | |
Module I (Indian Contract Act 1872) | |
Kinds of Contracts: Valid, Void, Voidable, Contingent and Quasi Contract and E-contract | Kinds of Agreements |
Distinguish between Agreement and Contract | Counter offer, Standing or Open offer, |
Promise | Essentials of Valid proposal or Offer |
Counter offer, Standing or Open offer, | Distinguish Between Offer and Invitation to Offer |
Essentials of a Valid Acceptance | Capacity to Contract |
Module II (Special contracts) | |
Law of Indemnity and Guarantee | Law of Bailment and pledge |
Law of Agency | - |
Module III (The Sale of Goods Act) | |
Formalities of the contract of sale | Distinction between ‘sale’ and ‘agreement of sell |
Distinction between ‘sale and hire-purchase agreement’ | Conditions and Warranties |
Transfer of property as between the seller and the buyer | Rights of an unpaid seller |
Module IV (Negotiable instruments Act 1881) | |
Meaning and Characteristics of Negotiable Instrument | Operational rules of Evidence and Presumptions |
Classification of Negotiable Instruments | Promissory Notes and Bills of Exchange |
Types of Cheque and Penalties in case of dishonour of certain cheques, | Miscellaneous Provisions |
Maturity of an Instrument | Rights and privileges of H.D.C. Payment in due course |
Semester IV | |
Module I (Indian Companies Act, 2013 with Amendments up to date) | |
Company and its formation | Advantages and Disadvantages of a Company |
Promoters and preliminary contracts | Types of Companies |
Membership of a company | Rights and Liabilities of Members |
Contents of Prospectus | Doctrine of Constructive Notice |
Module II (Corporate Law and IPR) | |
Classification of Directors | Various types of meeting of shareholders and board |
Intellectual Property Rights | Term of Copyright |
Types of Trademarks | Procedure for Registration of Trademarks |
Module-III (Indian Partnership Act, 1932 and Limited Liability Partnership, 2008) | |
Types of Partnerships | Limited Liability Partnership |
Nature of LLP | Winding up and Dissolution of the LLP |
Module IV (Consumer Protection Act,1986 and Competition Act, 2002) | |
Consumer, Defect, Deficiency and unfair trade practices, manufacture | Consumer Councils |
Consumer Protection Redressal Agencies- Jurisdiction | Penalties for frivolous complaints |
Competition Advocacy | Competition Commission of India |
The Business Law course at postgraduate level provides a detailed understanding of the company law, corporate law, intellectual property law. Business Law course is taught as topics in the postgraduate syllabus. In the table below, we have mentioned the syllabus of Ramaiah College of Law for their LLM Business and Trade Law course.
Semester- I | |
Law and Social Transformation in India | Indian Constitutional Law: New Challenges |
Legal Theory | Specialisation Paper- I |
Semester- II | |
Legal Education and Research Methodology | Law- Making Processes |
Legal Concepts | Specialisation Paper- 2 |
Semester- III | |
Specialisation Paper- 2 | Specialisation Paper- 3 |
Specialisation Paper- 4 | Specialisation Paper- 5 |
Specialisation Paper- 6 | - |
Semester- IV | |
Specialisation Paper- 7 | Specialisation- 8 |
Specialisation Paper- 9 | Dissertation |
Specialisation Papers in Business and Trade Law | |
Law of Industrial and Intellectual Property | Corporate Governance |
Information Technology Law | Corporate Audit and Taxation |
Banking Law | Insurance Law |
Corporate Finance and Investment | Law Relating to Consumer Protection and Competition |
International Trade Law | - |
Demand for highly professional business lawyers is huge. Business involves high risks and mishaps are more likely to happen. Firms hire a business lawyer for legal advice and guidance, writing contracts to help them out because they know not when they need them. In the table below we have mentioned the top paying jobs along with their description in the field of Business Law.
A lawyer provides legal advice, assists in handling conflicts, drafts legal documents, and maintains records for future correspondence. | |
Business Lawyer | A business lawyer is responsible for serving corporations with legal matters. He or she plays a role to ensure every detail to the company. |
Company Lawyer | A company lawyer is a professional who works in various corporate offices, managing the funding, running, and ending of a business. |
A corporate lawyer ensures legality matters including transactions of the commercial establishments. He or she must have knowledge of statutory rules and regulations passed by the government. |
The industry is ever-evolving and in order to understand what needs to be done in the future in addition to predicting and recognizing a pattern it is essential to know what are the trends in the industry, some of which we have mentioned below.
Online Work and Freelancing - As the world has become dependent on smartphones, lawyers have been increasingly taking advantage of working online. In the coming years, there’ll be a drastic increase in lawyers working from home. Those who work in an office are becoming less as lawyers have begun to freelance. Legal freelancing is a feasible career now.
Paperless - Documents that were filed and papers carried to courts by lawyers have now dwindled. Laptops and iPads have replaced papers. In the future, even the traces of paper in law firms will be replaced with iPads and laptops as information is much more accessible through them.
Social Media - Social media has taken marketing to the next level, and businesses have already benefited by social media. It helps the growth of business with easy steps.
Security - Cyber attacks are too common these days, and hackers will continue to enhance themselves with tactics. Lawyers are staying ahead of attackers with vigilance on cybersecurity. Data security has got a new threat, lawyers also defend it.
Business law graduates are hired by many legal firms, organisations and educational institutes. Some hire them for legal advice purposes and others for inculcating law in young minds. Among the innumerable recruiters for business law, top recruiters are mentioned below:
Vahura | Khairan and Co |
J Sagar Associates | Luthra and Luthra Law Offices |
Shardul Amarchand Managaldas and Co | Chadha and Co |
Advaita Legal | Clasis Law |
Establishing a career in business law is worthy in many ways. It has multiple career options, financial stability, respect and prestige. There is no lack of financial rewards. Some of the job profiles in business law and their average salaries are mentioned for reference purposes.
Job Profiles | Average Salary |
---|---|
Lawyer | 4.9 LPA |
Business Lawyer | Rs. 5.9 LPA |
Company Lawyer | Rs. 5.9 LPA |
Corporate Lawyer | Rs. 5.8 LPA |
Note: The salary figures that have been mentioned in this article are for reference purposes only and can vary for different candidates.
Business law requires a sharp-witted mind, outstanding communication skills, and archaic writing skills. Understanding the client’s needs is important, and the lawyer must possess a service mentality. To deal with transactions and make decisions, numerical ability, analytical skills, researching skills, business awareness, confidentiality and problem-solving abilities are necessities. In the table below, we have mentioned some of the necessary skills required by the students wishing to pursue Business Law.
Research skills | Analytical thinking skills |
Communication skills | Confidentiality |
Decision making skills | Negotiation skills |
Numerical ability | Creativity skills |
Business law course is devised to produce professional business lawyers who can help various businesses with their legal advice:
Answer :
The top colleges offering Business Law course are Karnataka State Law University, The Tamil Nadu Dr. Ambedkar Law University, Chennai, Department of Law, Sri Padmavati Mahila Visvavidiyalayam, Government Law College, Amity Institute of Advanced Legal Studies.
Answer :
There are many companies hiring Business Law graduates such as Vahura, Khairan and Co, J Sagar Associates, Advaita Legal, and Lutra and Luthra Law Offices.
Answer :
There are many career options that can be pursued after completion of a Business Law course, some of the most popular career options are Corporate Lawyer, Litigator, Lawyer, Business Lawyer, and Administrative Law Officer.
Answer :
Businesses done without legal means can fall prey to those who stand for law. The law asks everyone to stay under one framework and puts forth a way how every business should act, operate. It holds people, businesses and the government accountable for their actions.
Answer :
It is not very difficult. Mostly, business law deals with general transactions that business will face necessary obligations that they have to discharge usually. It is very interesting as it advances. It covers many concepts related to handling and making decisions on financial elements and business decision making. Law modules help students learn how to distinguish right and wrong cases. Case studies are more fun to learn. All these sounds easy; business law can’t be that tough.
Answer :
There are various diploma courses in business law, Diploma in Business Law, Diploma in International Business Laws and Corporate Laws, Diploma in Entrepreneurship [Administration and Business Law, Diploma in Business Laws and PG Diploma in Business and Corporate Law.
Answer :
Commercial law deals with sale and distribution of goods and financing of particular transactions. Business law deals with the formation of a company, mergers and shareholder rights. That is business law focuses on business aspects, property issues such as leasing office or warehouse space.
Answer :
There are many reputed institutions in India offering business law courses. To name a few, National Academy of Legal Studies and Research (NALSAR) Hyderabad, National Law Institute University (NLIU) Bhopal, The West Bengal University of Juridical Sciences (WBNUJS), and Rajiv Gandhi National University of Law (RGNUL )Patiala, School of Law.
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