RTMNU Nagpur
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Business Law Course Details - Fees, Subjects, Syllabus, Duration, Eligibility, Career Scope
Degrees offered: L.L.M, L.L.B, B.A.(Hons), B.Sc.(Hons), B.A.
What is Business Law
Business Law, also known as Corporate Law, deals with the rules and regulations governing different aspects of business operations and their transactions. It provides the legal framework for various businesses to navigate complex legal issues and ensure compliance with relevant policies or laws. Business Law is offered in many degrees at diploma, undergraduate and postgraduate levels such as BBA LLB, and 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 the formation and dissolution of businesses, partnerships, mergers and acquisitions, liability, consumer protection, and dispute resolution. This type of law provides the legal understanding to the businesses to function properly, including protecting the rights and interests of the employees and employer while ensuring fair and ethical practices.
Business Law- Important Dates and Events
- 7th December 2024- CLAT result out
- 9th December 2024-CLAT 2025 Counselling Registrations Started
- CLAT toppers list out
Business Law Course Details
| 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 per cent of aggregate marks from a recognised board) BA LLB (10+2 with 50 per cent of aggregate marks from a recognised board) LLM (Bachelor of Law Degree with 50 per cent 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 | UG- CLAT UG, AILET PG PG- CLAT PG, AILET PG |
Course Fees | Rs. 12,680 to Rs. 5.40 Lakhs |
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 |
What is a Business Law Course?
Business Law also known as Corporate or Commercial Law is a popular specialisation in the field of law. Business Law is a broad legal discipline that focuses on how businesses are established, operated and directed. It consists of intellectual property rights, corporation laws, and business-related transactions. Some of the important highlights of a Business Law course are mentioned below.
Courses Offered- Various degrees are offered in the field of Business Law. Candidates can study the basics of Business Law at diploma and undergraduate levels, and choose to specialise in Business Law in degrees at postgraduate and doctoral levels. Some of the popular courses are:
Major Focus Areas- The level and weightage of the subjects may differ depending on the course level. Some of the major topics of the course are Corporate Finance, Law of Industrial and Intellectual Property, Banking Law, and Insurance Law.
Top Private Business Law Colleges in India
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 |
Top Government Business Law Colleges in India
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 |
|---|---|
- | |
Rs. 67,200 | |
Department of Law, Sri Padmavati Mahila Visvavidyalayam, Tirupati | - |
Rs. 1.56 Lakhs | |
Rs. 3,930 | |
- |
Specialisations or Similar Ones
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.
- Corporate Law
- Contract Law
- Intellectual Property Law
- Competition Law
- Banking and Finance Law
- Tax Law
- International Business Law
Below, we have mentioned some of the major degree programmes in Business Law and related courses:
B.Com Business Law Hons | |
LLM Infrastructure and Business Law | |
Ph.D Business Law | |
Eligibility Criteria (UG & PG) of Business Law
Eligibility Criteria (UG & PG) of Business Law
The candidates willing to pursue the course at both undergraduate and postgraduate levels should ensure that they meet the eligibility criteria of the course before applying for 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 a related field and score a valid cut-off.
Eligibility Criteria for UG Courses
To get admission for Business Law courses at the 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.
- Students who want to pursue integrated undergraduate law courses for five years need to complete their 10+2 and students who want to pursue an LLB degree for three years need to complete their bachelor’s degree programme.
- The minimum age limit is 18, and 30 is the maximum age limit.
- Some universities demand a particular cut-off to offer admissions to their undergraduate courses. Candidates are eligible only if their results match that cut-off.
- Top Business Law colleges offer admission based on the result of the entrance examinations.
Top Entrance Exams for UG Courses
Listed below are some of the popular entrance examinations conducted for undergraduate courses in the field of Business Law.
| Exam Name | Conducting Body | Exam Schedule |
|---|---|---|
| CLAT | Consortium of NLUs | CLAT Exam Date |
| MH CET Law | Directorate of Higher Education Mumbai | - |
Eligibility Criteria for PG Courses
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 are the general eligibility requirements for postgraduate courses in the field of Business Law.
- The candidate must have a bachelor’s degree from a recognised university or institution. PGD in law can be pursued only by LLB graduates.
- Candidates must attend the counselling process and be selected according to their marks in the entrance exam or bachelor’s degree.
- Admission to various postgraduate degree programmes of law courses differs from college to college.
Top Entrance Exams for PG Courses
Similarly, for admission to the PG level courses, candidates should appear for relevant entrance examinations. In the table below, we have discussed the top entrance examination for admissions to the PG courses in Business Law.
| Exam Name | Conducting Body | Exam Schedule |
|---|---|---|
| CLAT PG | Consortium of NLUs | CLAT PG Exam Date |
College Predictors VIEW ALL
Scope of Business Law in India and Abroad
The scope of Business Law is vast and includes different areas of Law that may affect the business. Listed below is the scope of Business Law-
Degrees- Candidates have the option to pursue various degrees such as JD (Juris Doctorate), LLB, LLM, and International Law.
Wide Applicability- Every industry requires a legal advisor who knows business laws which are evolving often as business and corporate law is ever-changing.
Employment Areas- Graduates can find job roles in litigation, law firms, government agencies, and banks.
Course Fees Business Law
| Minimum Fees | Maximum Fees | |||
|---|---|---|---|---|
| Private | Government | Private | Government | |
| UG |
3.30 Lakhs
B.B.A in Business Law at JLU School of Law, Bhopal
|
---
Data not available
|
7.25 Lakhs
B.B.A. L.L.B in Business Law at School of Legal Studies, K R Mangalam University, Gurugram
|
---
Data not available
|
| PG |
24.00 K
L.L.M in Business Law at All Saints Christian Law College, Visakhapatnam
|
1.79 K
L.L.M in Business Law at Government Law College, Tirunelveli
|
2.79 Lakhs
L.L.M in Business Law at Symbiosis Law School, Hyderabad
|
1.65 Lakhs
L.L.M in Business Law at National Law Institute University, Bhopal
|
| DOCTORAL |
1.40 Lakhs
Ph.D in Business Law at Indian School of Business Management and Administration, Kochi
|
---
Data not available
|
1.40 Lakhs
Ph.D in Business Law at Indian School of Business Management and Administration, Kochi
|
---
Data not available
|
| DIPLOMA |
7.90 K
Diploma in Business Law at Indian School of Business Management and Administration, Kochi
|
---
Data not available
|
56.00 K
Diploma in Business Law at NIILM University, Kaithal
|
---
Data not available
|
Course Subjects
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.
Business Law Syllabus for UG course
The syllabus for an undergraduate degree in Business Law in India generally covers various topics, such as Agreements, the Lifting of the Corporate Veil and the Nature of a Company. Business Law is taught in semester 3 of the undergraduate course. Below we have mentioned the topics that are covered in the Business Law syllabus of Semester 3 and Semester 4 of the 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 | Counteroffer, Standing or Open offer, |
Promise | Essentials of Valid Proposal or Offer |
Counteroffer, 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 | The distinction between ‘sale’ and ‘agreement of sell |
The distinction between ‘sale and hire-purchase agreement’ | Conditions and Warranties |
Transfer of property 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 | The doctrine of Constructive Notice |
Module II (Corporate Law and IPR) | |
Classification of Directors | Various types of meetings 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 |
Business Law Syllabus for PG course
The Business Law course at the postgraduate level provides a detailed understanding of company law, corporate law, and intellectual property law. 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 | - |
Careers in Business Law
The 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.
| Job Profiles | Job Descriptions |
|---|---|
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 in ensuring every detail of 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. |
Upcoming trends
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.
Job Profiles and Top Recruiters
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, the top recruiters are mentioned below:
- Vahura
- J Sagar Associates
- Khaitan and Co
- Chadha and Co
- Clasis Law
- Luthra and Luthra Law Offices
Average Salary
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.
Required Skillset for Business Law
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, research 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
- Good Communication
- Decision-Making Skills
- Analytical Thinking
- Negotiation Skills
Course Curriculum for Business Law
The business law course is devised to produce professional business lawyers who can help various businesses with their legal advice:
- A deep foundation is laid on business governance and business liabilities.
- Practical difficulties faced by businesses, legal obligations and regulatory frameworks are taught.
- Contracts, transactions, bankruptcy, banking, trade regulation, competition, finance and intellectual property are covered in a business law course.
- National and international business is given importance in this course. Students who are interested in international business affairs can be greatly benefited from this course. Various aspects of civil law are taught to students.
- Accountants, lawyers, business professionals and entrepreneurs can boost their talent in law through post-graduate business law courses.
- Economy, unemployment, human development and inflation are included in the business law curriculum.
Popular Business Law Entrance Exams in India
Popular Business Law Colleges in India VIEW ALL
Vishwakarma University, Pune
- Fees: ₹ 125000
JECRC University, Jaipur
- Fees: ₹ 160000
Shri Vaishnav Vidyapeeth Vishwavidyalaya, Indore
- Fees: ₹ 138000
Frequently Asked Questions (FAQs)
Question: What are some of the top college offering the Business Law course?
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.
Question: What are the top recruiters in the field of Business Law?
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.
Question: What are the career options in the field of Business Law?
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.
Question: What is the importance of business law?
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.
Question: Is business law difficult?
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.
Question: What are the diploma courses in business law?
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.
Question: What is the difference between business law and commercial 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.
Question: What are some reputed colleges to pursue business law?
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.
Courses Similar to Business Law
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