IMMG 14052

>< Title : Industrial and Business Law
>< Type/Status : Elective
>< Teaching and learning objectives:
The objective of this course is to give the fundamentals of organization and operation of laws. The syllabus covers the aspects of law which affects business and industry, specifically, the essentials of establishing and performing simple contracts and the remedies available. Also, this emphasis on company limited shares and the rules relating to company formation, finance and management.
On successful completion of this course, students will be able to apply the legal provisions learned in the class to less complex legal situations in organizational settings.
>< Course Content:

A general and practical knowledge in Industrial Disputes Act No.43 of 1950, Employment of Women, Young Persons and Children Act No.47 of 1956, Employees Provident Fund Act No.15 of 1958, The Employees Trust Fund Act No.46 of 1980, The Payment of Gratuity Act No.12 of 1983.

Application of legal principles relevant to the conduct and understanding of commercial business transactions. Topics include the legal, ethical, and social environment of business; agencies, partnerships, and other forms of business organizations; and contracts and sales agreements. Government regulations affecting employment and marketing; negotiable instruments; debtor/creditor relationships; and bankruptcy and reorganization are also discussed.

>< Methodology:
The course will be delivered in a series of Lectures, and case discussions.
>< Scheme of Evaluation:
End-of- Semester examination, practical test and continuous assessment
>< Recommended Readings:
1. Industrial Disputes Act No.43 of 1950.
2. Employment of Women, Young Persons and Children (47/1956).
3. EPF Act, ETF Act, and Gratuity Act.

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