Business Law Syllabus 2024: Subjects, Semester-wise Syllabus PDF, Top Colleges, Books
Pragati SinghSenior Executive - Content
Business Law, also known as Commercial law, regulates business and commerce. It is commonly considered a part of civil law that deals with concerns of both public and private law. Business Law comprises laws governing the formation, operation, and regulation of the business. It also includes laws that regulate the commercial transactions entered into business with other entities. It works to keep businesses, brands, and corporations in order, protecting the rights of a business entity. Business Law is also known for establishing a set standard for how things should run in an organisation.
- Business Law Syllabus: Important Facts
- Scope of Business Law
- List of Subjects in Business Law
- Elective subjects in LLM in Business Law
- 4.1 Detailed syllabus for LLM in Business Law
- Courses with Business Law Specialisation
- Books for LLM in Business Law
- Distance Master’s in Business Law Syllabus
- Top Colleges for Master’s in Business Law
- Frequently Asked Questions
Business Law Syllabus: Important Facts
- Business Law is taught at an undergraduate and postgraduate level. However, at an undergraduate level, Business Law is integrated with other law subjects.
- To study as a specialisation in Business Law, students can pursue a Master of Business Law (MBL), Master of Business Administration (MBA) in Business Law, and Master of Laws (LLM) in Business Law.
- An average total fee for a course in Business Law ranges from INR 5,000 to INR 11 lakhs, depending upon the choice of college and course offered.
Scope of Business Law
The scope of Business Law is immense. Lots of gates open for you once you complete your degree in Business Law. You can get job placements in multinational companies, law firms, insurance companies, banks, etc. If you are interested in teaching, you can also become a lecturer at a college or university once you complete your masters in Business Law.
MBA/LLM/MBL in Business Law: The MBA, LLM, and MBL in Business Law is a two-year postgraduate degree course divided into four semesters.
MBA/LLM/MA in Business Law Colleges / Universities: The admission process for a course in Business Law depends upon the college/university. Many colleges/universities conduct entrance exams, whereas some colleges/universities offer admission on a merit-based basis. University of Petroleum and Energy Studies, Dehradun, conducts its entrance exam named ULSAT LLM, whereas the National Law School of India University, Bengaluru offers admission based on merit.
General examination pattern for MBA/LLM/MA in Business Law:
The general examination pattern for these programs is similar to any other educational programme. The course curriculum often includes mid and end-semester exams, vivas and assignments alongside group discussions.
The Law syllabus mentioned here can also be referred to prepare for AIBE exam, which is mandatory to qualify in order to practice in a court of law in India.
List of Subjects in Business Law
LLM in Business Law is a popular course that discusses the legal aspects of starting and running businesses.
Typical core subjects in LLM in Business Law
Some of the core subjects taught in Business Law course include:
Subject Title |
Course detail |
---|---|
Indian Constitutional Law: The New Challenges |
This subject provides an overview of the Constitution of India, its legal system, and its processes. It also highlights the upcoming challenges faced by the Constitution. The key topics covered here include:
|
Law of Industrial And Intellectual Property |
This subject encompasses the protection of industrial and intellectual property rights in India and their impact on the economic front. It also introduces laws relating to unfair and restrictive trade practices and infringement of intellectual property rights. The key topics covered here are:
|
Judicial Process |
This subject provides a broader perspective of the judicial processes followed in the court. It also familiarises students with alternate ways of seeking justice. The key concepts discussed here are:
|
Banking Law |
This subject provides an outline of the development of the banking system in India. It focuses on the laws relating to banking, banking structure, policies, and practices. Some common topics covered in this subject are:
|
Corporate Finance |
This subject provides an understanding of the legal and economic dimensions of corporate financing. It also acquaints students with various statutory rules and regulations relating to corporate finance. It covers the following topics:
|
Law and social transformation in India |
This subject explains the role of law in contemporary Indian society. It also creates awareness about the law as an instrument of social change. The key topics covered in this subject include:
|
Elective subjects in LLM in Business Law
Students may note that there are no elective subjects in any semester of LLM in Business Law. All subjects are core subjects that are compulsory for students.
Detailed syllabus for LLM in Business Law
The LLM Business Law syllabus provides in-depth knowledge of the legal and economic affairs of a business. Given below is a detailed overview of the subjects taught in the programme:
Core/Elective |
Subject Details |
---|---|
Sem I - Legal Regulation of Economic Enterprises |
This subject encompasses to make the students familiar with the economic-legal perspectives and consequences of such developments. It also covers the adoption of the global economy concept and liberalisation. The key topics covered in this subject include:
|
Sem II - Law of Export-Import Regulation |
This subject covers rules and regulations that govern the export and import of goods and services. It also focuses on the agreements, restrictions, and rules specified by the World Trade Organisation to regulate international trade. The key topics covered in this subject include:
|
Sem III - Insurance Law |
This subject covers the rules and principles which govern the contracts of insurance. It also introduces various types of insurance like life, health, property, and marine to the students. The key topics covered in this subject include:
|
Sem IV - Doctrinal and Non-Doctrinal Research |
This subject involves legal research. Every student is required to select a topic of his/her interest. For the doctrinal research, the students have to depend upon textual material like books and reports, whereas, for the non-doctrinal research, the students are required to collect actual data. Based on the data, the students are required to prepare a doctrinal and non-doctrinal research project. |
Courses with Business Law Specialisation
If you want, you can pursue different specialisations in Business Law across postgraduate, diploma and undergraduate levels. Some common specialisations in Business Law are:
Course with Specialisations |
Subject |
Details |
---|---|---|
|
MBA in Business Law is a two-year postgraduate programme that covers commercial laws related to business. Its goal is to familiarise students with the numerous aspects of commercial laws that a business deals with daily. The course is divided into four semesters and follows the basic norms of a management course, as well as an understanding of commercial law and necessary business skills. |
|
Masters of Business Law (MBL) |
|
The Master of Business Law (MBL) is a two-year postgraduate course that provides in-depth knowledge of business and commercial laws. The course is designed for graduates and business professionals who seek advanced legal understanding but do not wish to practise law. |
Masters of Law (LLM) in Business Law |
|
The LLM in Business Law is a two-year postgraduate programme that equips students with an advanced academic understanding of commercial law. This course is for students looking to learn more about the legal processes and laws that govern business and trade. It focuses on the actual challenges businesses have to face in completing legal duties and adhering to the regulatory frameworks. |
Post Graduate Diploma in Business and Corporate Law |
|
The PGDBCL curriculum covers many aspects of business and corporate law and is a well-balanced blend of the two. It familiarises students with both national and international laws on business and trade. Keeping the demands of the open economy in mind, this course covers topics such as insurance and banking laws, foreign direct investment, alternative dispute resolution processes, and so on. |
Books for LLM in Business Law
There are various books that you can refer to while preparing for an LLM in Business Law. Here’s a list of some famous books covering key aspects of the subject:
Subject and Book Title |
Authors |
Description of books |
---|---|---|
Law and Social Transformation in India Book - Outlines of Indian Legal History |
M.P. Jain |
The book is structured in a narrative style and provides readers with an explanation of the critical stages in the evolution of India's legal systems. It also includes chapters on the modern judicial system, the development of constitutional law, criminal law, and civil law, with references to case law and extensive commentary. This book is extremely useful to all law students, advocates, or anyone preparing for competitive examinations. |
Judicial Process Book - The Nature of the Judicial Process |
Benjamin Nathan Cardozo |
In his well-known book, Cardozo discusses the unconscious and conscious process followed by a judge in deciding a case. The book also clarifies the risks present in judicial lawmaking and highlights factors to limit judicial discretion. The book is regarded as a classic in legal education. |
Banking law Book - Banking Law & Practice In India |
Tannan |
For decades, this book has been a classic legal textbook and the most extensive, genuine, recognised, and recommended masterwork on Indian Banking Law and Practice. The book has also been quoted and cited by the Supreme Court, High courts, and tribunals in various decisions. The revised edition contains up-to-date laws, case studies, masters, and directions by RBI. |
Insurance Law Book- Law of Insurance |
B.N. Banerjee & S K Sarvaria |
This book provides a comprehensive description of different types of insurance laws. All the recent developments in insurance have been incorporated in the latest edition. An attractive feature of this book is that there is no overlapping of provisions of insurance. |
Corporate Finance Book - Company Law and Corporate Finance |
Eilis Ferran |
This book outlines the legal regulations that govern corporate finance. It deals with financing decisions and their implications on the company. It also covers the basics of company law, such as the formation and financing of business. This book is also UGC prescribed for LLB (Hons.) and LLM for the subject of Corporate Finance. It is a ready reckoner for Business Lawyers, professionals, and students preparing for their exams. |
Entrance exams for Master’s in Business Law
Candidates must pass an entrance exam to get admission to top colleges or universities for master’s in Business Law. Some colleges or universities, however, provide direct admission based on a bachelor’s degree and personal interview.
Further, there can be some additional conditions, which a candidate might have to fulfil to successfully get an admission, which may differ from college to college.
Some top entrance exams for master's in Business Law are
However, some entrance exams like ULSAT LLM and CLAT LLM allow candidates who have cleared their LLB with a minimum of 50% marks, to appear in the exam, whereas, for entrance exams like LSAT India and TS LAWCET, a candidate must hold a degree in LLB.
Distance Master’s in Business Law Syllabus
Education has become more affordable and accessible with the emergence of distance learning. Distance education has grown significantly over the last decade, offering an opportunity for people to learn new skills without additional expenses. Many universities and colleges offer masters in Business Law via the distance mode. The programme syllabus, however, is the same as the ordinary one, just the teaching method is different.
Some colleges/universities that provide master's in Business Law are-
- National Law School of India University, Bengaluru
- Symbiosis Centre for Distance Learning
Top Colleges for Master’s in Business Law
Choosing the right college might be a tedious task. However, we have simplified that for you. Here is a list of top colleges for pursuing a master's in Business Law-
S. No. |
Name of College / University |
Syllabus PDFs |
---|---|---|
1. |
University of Petroleum and Energy Studies, Dehradun |
To be uploaded soon |
2. |
Symbiosis Law School, Noida |
Download Here |
3. |
Gujarat National Law University, Gandhinagar |
To be uploaded soon |
4. |
National Law School of India University, Bengaluru |
To be uploaded soon |
5. |
Tamil Nadu Dr Ambedkar Law University, Chennai |
To be uploaded soon |
6. |
Symbiosis Law School, Pune |
To be uploaded soon |
7. |
Amity Law School, Noida |
To be uploaded soon |
8. |
The West Bengal National University of Juridical Sciences, Kolkata |
To be uploaded soon |
9. |
Nalsar University of Law, Hyderabad |
To be uploaded soon |
10. |
National University of Study and Research in Law |
To be uploaded soon |
Frequently Asked Questions
Q. What is LLM in Business Law?
Q. What are the eligibility criteria for a master's in Business Law?
Q. Is Master of Business Law (MBL) equivalent to LLM in Business Law?
Q. What is a Master's in Business Law?
Q. Is Business Law a good career?
Q. Can I pursue Business Law without maths?
Q. What are the subjects of Business Law?
- The Indian Constitution
- Banking Law
- Insurance Law
- Corporate Finance
- Judicial Process
Q. Is there any diploma course in Business Law?
Q. Can I do distance learning in Business Law?
- National Law School of India University, Bengaluru
- Symbiosis Centre for Distance Learning
Q. What is the duration of an MBL, MBA, and LLM in Business Law?
Q. Can I get admission without an entrance exam for a master’s degree in Business Law?
Q. What are the top books to refer to for LLM in Business Law?
- Outlines of Indian Legal History, M.P. Jain
- Banking Law & Practice In India, Tannan
- Law of Insurance, B.N. Banerjee & S K Sarvaria
- Company Law and Corporate Finance, Eilis Ferran
Q. What is the average fee for pursuing Business Law?
Q. Which colleges or universities are best to pursue LLM in Business Law?
- University of Petroleum and Energy Studies, Dehradun
- Symbiosis Law School, Noida
- Gujarat National Law University, Gandhinagar
- National Law School of India University, Bengaluru
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