Paper 6

Paper 6

Paper 6 : Laws & Ethics (LNE)


To give an exposure to some of the important laws essential and relevant for a business entity. To demonstrate an overview of laws related to Companies. To provide knowledge, comprehension and principles of Corporates. To construct the principles and ethical values of the business and professionals.

Learning Aims

The syllabus aims to test the student’s ability to:

  • Explain fundamental aspects of laws relevant for a business entity
  • Understand the principles of corporate governance and ability to implement and report compliance
  • Create awarness and understanding of the ethical values

Section A : Commercial Laws 30%

  • Laws of Contracts (Advanced level)
  • Laws relating to Sale of Goods (Advanced level)
  • Negotiable Instruments Act,1881 (Advanced Level)
  • Indian Partnership Act, 1932
  • Limited Liability Partnership Act, 2008

Section B : Industrial Laws 25%

  • Factories Act, 1948
  • Payment of Gratuity Act, 1972
  • Employees Provident Fund and Miscellaneous Provisions Act, 1952
  • Employees State Insurance Act, 1948
  • Payment of Bonus Act, 1965
  • Minimum Wages Act, 1948
  • Payment of Wages Act, 1936
  • Pension Fund Regulatory and Development Authority Act, 2013

Section C : Corporate Law 35%

  • Companies Act, 2013

Section D : Ethics 10%

  • Business Ethics