NIMS University, Jaipur
- Fees: ₹ 40000
Commercial Law Course Details - Fees, Subjects, Syllabus, Duration, Eligibility, Career Scope
Degrees offered: L.L.M, L.L.B, Diploma, B.A. L.L.B, B.A.
What is Commercial Law
Commercial Law is a field of study that provides knowledge on the legal aspects of conducting and managing a business. It focuses on how laws are applied in business and ensures that businesses are conducted legally, ethically, and fairly. Individuals who have a keen interest in learning about business laws and regulations can apply for commercial law courses. In India, more than 52 educational institutes offer this specialisation.
Commercial Law is a sub-discipline of law. Many courses are offered in Commercial Law, such as LLM Commercial Law, LLM Corporate and Commercial Law, Diploma in Business Law, and certificate courses in specific areas of Business Law. It provides students with a range of career opportunities providing them with a deep knowledge of trade and business law. After graduation, candidates can opt for job roles such as Corporate Lawyers and Legal Researchers.
Some of the popular institutes that offer Commercial Law courses are Alliance School of Law, NLU Odisha, MNLU Mumbai, and SLS Bangalore. To apply for commercial law courses at the undergraduate level, candidates should have completed their 10+2 from a recognised board in India, similarly for PG-level courses, candidates require a bachelor's degree in Commercial Law or similar discipline.
Commercial Law- Important Dates and Events
1st Dec 2024 - CLAT exam in offline mode
Commercial Law Course Details
| Particulars | Values |
|---|---|
Degree Name | Commercial Law |
Duration | UG: 5 years PG: 2 years |
Eligibility Criteria | UG: 10+2 PG: Bachelor’s Degree |
Admission Process | Entrance, Examination/ Direct Admissions |
Top Entrance Exams | CLAT, AILET, SLAT, CLAT PG |
Average Course Fees | Rs 29,086- Rs 1.80 Lakhs |
Top Colleges | MNLU Mumbai, NLU Odisha, Pondicherry University, Shivaji University, Gondwana University |
Career Options | Commercial Lawyer, Corporate Lawyer, Legal Counsel, Government Lawyers, Legal Analysts, Civil Judge, Enforcement Officer, Legal Researchers, Legal Advisors |
Average Salary | Rs 8.2 LPA ( for Commercial Lawyer) |
Recruiting Companies | Khaitan & Co, S&R Associates, Luthra and Luthra Law Offices, J Sagar Associates |
Top Law NIRF Ranking 2024
Students are advised to choose the law school based on the NIRF ranking 2024 (National Institutional Ranking Framework 2024). Generally, National Law Institutes maintain the top position and rankings depending on the educational facilities and the institute's stature. In the table below, we have mentioned the top law institutes based on the NIRF ranking.
| Top Law Colleges | NIRF Rankings (2024) |
|---|---|
1 | |
2 | |
3 | |
4 | |
5 | |
6 | |
7 | |
8 | |
9 | |
10 |
Top Private Commercial Law Colleges in India
Private institutes are known to provide state-of-the-art amenities along with quality education. In the table below we have mentioned the top private colleges offering Commercial Law courses.
| Colleges | Fees |
|---|---|
Rs 1.80 Lakhs | |
Rs 40,000 | |
Rs 1.31 Lakhs | |
Rs 1.10 Lakhs | |
Rs 90,000 |
Top Government Commercial Law Colleges in India
Commercial Law colleges are offered by many government institutes in India. They are known to provide quality education at an affordable fee. In the table below, we have mentioned the top government institutes offering Commercial Law courses in India.
| Colleges | Fees |
|---|---|
Rs 29,086 | |
Rs 1.52 Lakhs | |
Rs 1.46 Lakhs | |
- | |
- |
Specialisation or Similar Ones
Commercial Law is also known as Business Law and is an extensive field of Law that governs all aspects of business transactions and consumer transactions. It includes various legal disciplines such as Contract Law, Tort Law, Property Law, and IPR. Some of the specialisations of Commercial Law are:
- Corporate and Commercial Law
- International Commercial Law
- Consumer Protection Law
- Business Law
In the table below, we have mentioned the degree programme along with the specialisations in the field of Commercial Law.
LLM Business Law | LLM Commercial Arbitration |
MA Diplomacy, Law and Business | LLM Corporate and Commercial Law |
Diploma in Consumer Protection Law | Diploma in Commercial and Computer Practice |
Eligibility Criteria (UG & PG) of Commercial Law
The eligibility criteria for commercial law courses vary depending on the course, and the provider. For an undergraduate degree in Commercial Law, candidates are required to clear their 10+2 examination from a recognised institute in India. Similarly, for a postgraduate degree programme, candidates require a bachelor's degree in any related field of law. In the table below, we have mentioned the eligibility requirements of Commercial Law.
Eligibility Criteria for UG Courses
Candidates aspiring to pursue Commercial Law courses at the undergraduate level must check the eligibility criteria of the course before applying for admissions. To be eligible for an integrated degree in law in the field of Commercial Law course, they need to complete their 10+2 with a minimum aggregate score of 50 per cent. To apply for LLB, candidates require an undergraduate degree.
| Eligibility Parameters | Details |
|---|---|
| Educational Qualification | 10+2 from a recognised Institute in India for an integrated law degree Bachelor's degree from a recognised institute in India to apply for LLB |
| Minimum aggregate score requirements | 50 per cent aggregate score (5-10 per cent relaxation for candidates belonging to the reserved categories) |
| Entrance Exams | Candidates need to appear for relevant entrance examinations (if any) |
Top Entrance Examinations for UG Courses
Aspiring candidates need to fulfil the eligibility requirements and follow the admission process carefully. While some colleges may provide admissions based on merit scores. A majority of the institutes provide admission based on entrance examinations. In the table below, we have listed the top entrance examinations for UG0-level courses.
| Exam Name | Exam Level | Conducting Body | Exam Schedule |
|---|---|---|---|
| CLAT | National-level | Consortium of NLU's | CLAT Exam Schedule |
| LSAT | National-level | Pearson VUE | LSAT Exam Schedule |
| AILET | National-level | NLU, Delhi | AILET Exam Schedule |
| MH CET | State-level | State Common Entrance Test Cell - Maharashtra State | - |
Eligibility Criteria for PG Courses
If the individual wishes to pursue the course as a Postgraduate degree, then he/she must hold an LLB degree from a recognized board. He or she must also meet minimum eligibility criteria, which may differ based on the chosen institute. Mentioned below are the eligibility criteria for the postgraduate courses in the field of Commercial Law.
| Eligibility Parameters | Details |
|---|---|
| Educational Qualification | LLB from a recognised institute in India |
| Minimum aggregate score requirements | 50-60 per cent, of candidates belonging to the reserved categories may get some relaxation of 5-10 per cent |
Top Entrance Examinations for PG Courses
In the table below, we have mentioned some of the popular entrance examinations required for admission to the Commercial Law courses at the postgraduate level.
| Exam Name | Exam Level | Conducting Body | Exam Schedule |
|---|---|---|---|
| CLAT PG | National-level | Consortium of NLUs | CLAT PG Exam Schedule |
College Predictors VIEW ALL
Scope of Commercial Law in India and Abroad
The scope of commercial law is very broad not only in India but abroad as well. The need for professionals is increasing daily. It explores opportunities for legal officers in this field. Commercial law has a huge scope providing a lot of career opportunities in this field. The scope of this field keeps expanding with more and more business firms coming up. With the advancement in technology and the rise in the number of businesses, the need for commercial lawyers is increasing day by day. The students need to understand the importance of the Law used to govern business.
Pursuing a course in Commercial Law allows students to learn about new businesses and how to govern them through the use of Law. After the successful completion of this course, the individuals are hired as Legal Counselors, Business Lawyer, Commercial Lawyer, etc.
Course Fees Commercial Law
| Minimum Fees | Maximum Fees | |||
|---|---|---|---|---|
| Private | Government | Private | Government | |
| UG |
54.00 K
L.L.B in Commercial Law at Chaudhary Charan Singh Vidhi Mahavidyalaya, Etawah
|
1.73 Lakhs
B.A. in Commercial Law at Dr BR Ambedkar University, Karampura Campus, Delhi
|
15.40 Lakhs
B.Com.L.L.B in Commercial Law at Amity College of Commerce and Finance, Noida
|
1.73 Lakhs
B.A. in Commercial Law at Dr BR Ambedkar University, Karampura Campus, Delhi
|
| PG |
40.00 K
L.L.M in Commercial Law at NIMS School of Law, NIMS University, Jaipur
|
---
Data not available
|
3.03 Lakhs
L.L.M in Commercial Law at Alliance School of Law, Bangalore
|
1.75 Lakhs
L.L.M in Commercial Law at University School of Law and Legal Studies, New Delhi
|
| DIPLOMA |
28.00 K
Diploma in Commercial Law at Sardar Patel Subharti Institute of Law, Meerut
|
3.48 K
Diploma in Commercial Law at Government Womens Polytechnic, Gulbarga
|
59.77 K
Diploma in Commercial Law at JSS KH Kabbur Institute of Engineering, Dharwad
|
9.00 K
M.Sc. in Commercial Law at Manonmaniam Sundaranar University, Tirunelveli
|
Course Subjects
The course subjects for Commercial Law give the students a broad understanding of the subject and make sure they get the required knowledge. The course includes subjects that enhance the understanding and make the student better in the subject. The subjects include the subjects that focus more on Law and its understanding.
Commercial Law Syllabus for UG Courses
Commercial Law as a specialisation is not offered at the undergraduate level, but some of the subjects are offered in BBA LLB courses that are related to Commercial Law. In the table below, we have listed some of the subjects that are related to the Commercial Law field of law.
Foreign Trade Policies | Banking and Finance Law |
Philosophy of Law | E-Commerce |
Corporate Legal Framework | Insurance Law |
Research Work | Capital Market Laws |
Commercial Law Syllabus for PG Courses
The syllabus for Commercial Law at the postgraduate level depends on the institute, but the core subjects remain the same for every institute. In the table below, we have mentioned the syllabus of Mumbai University for their LLM Commercial Law course.
Semester 1 | |
Law and Social Transformation in India | Legal Research and Methodology |
Legal Framework of Corporate Management and Financial Regulation | Laws Regulating Economic Enterprises in India |
Semester 2 | |
Indian Constitutional Law: New Challenges | Legal Theory |
International Trade Law and Development | Laws Regulating Electronic Commerce and Cyber Security |
Semester 3 | |
Laws of Taxation | Competition Law |
Practical Training: Skill Enhancement | Consumer Protection Laws |
Semester 4 | |
Judicial Process | Insurance Law |
Dissertation | - |
Careers in Commercial Law
The law professionals have plenty of career options. After the successful completion of the course, there is a wide scope of career opportunities where the individual can apply. The career opportunities in the field of Commercial Law are based on the candidate’s performance.
| Job Profile | Job Description |
|---|---|
Legal Officer | A Legal Officer is a professional who looks after the cases and takes action on them. He/she has to ensure that the legal action taken is best for the client. They are also responsible for monitoring and giving advice to their clients. |
The Legal Advisors are professionals who look after the case and give them advice in order to take legal action. They have to prepare documents and also provide legal support. They also have to look after the contract between the vendors and the one who is doing business. | |
Commercial Lawyers | Commercial Lawyers are professionals who deal with business matters and also look after commercial matters. They have to assist in transactions, documents, etc. |
Legal Researcher | A Legal Researcher is responsible for looking after the research that is done. He/she has to undertake the aspects of Law and do in-depth research regarding the same. The main focus is to learn about certain areas of Law. |
Legal Assistant | The Legal Assistant is responsible for assisting the higher lawyer in assisting the documents, gathering information, etc. They also help the lawyers with the trial. |
Upcoming trends
The field of Commercial Law is constantly evolving, with new trends emerging that are reshaping the landscape. Since the COVID-19 outbreak, the number of cases regarding legal issues has been increasing day by day. With the advancement in technology, legal solutions are digitised. Everything is getting digitised, and the workshops regarding legal practices are happening online, giving scope to individuals in Commercial Law. Mentioned below are some recent innovations in the Commercial Law field.
- Going Paperless
- Legal Tech
- Social Media
- Legal Process Outsourcing
- Security
Job Profiles and Top Recruiters
Commercial Law is one of the most popular law professions and it is growing continuously. After successful completion of the course, candidates can apply for several career options. Graduates can contribute to law firms, corporate in-house counsel, and private companies. They can work at several leading law agencies and firms.
Top Recruiters
- Amarchand and Managaldas
- Anand and Anand
- Luthra and Luthra Law Offices
- Khaitan and Co
- Desai and Diwanji
- Phoenix Legal
Average Salary
The average salary after graduating in a Commercial Law course depends on the experience of the candidate, designation, skills and location of the company. Some of the job profiles and salary packages are as follows:
| Job Profile | Average Salary |
|---|---|
Legal Officer | Rs. 5.6 LPA |
Legal Researcher | Rs. 5.6 LPA |
Legal Assistant | Rs. 2.7 LPA |
Corporate Lawyer | Rs. 5.9 LPA |
Legal Advisor | Rs. 5.6 LPA |
**The salary figures mentioned anywhere in this article are just for reference purposes. Actual salaries may vary depending on the job location, experience, skills and job profile.
Required Skillset for Commercial Law
Every professional needs some required skills to get the best outcome. These skills will help the candidate do well academically as well as professionally in their careers. The candidates must possess certain skill sets to perform better at their jobs. Some of the required skill sets for Commercial Law are:
- Critical Thinking
- Attention to Detail
- Persuasiveness
- Judgement Skills
- Legal aptitude
Course Curriculum for Commercial Law
Law is altogether a subject that deals with understanding the legal procedures, Law and justice, etc. The Commercial Law course’s main focus is to look after the operation of commercial Law in both international and national business. Some of the course curriculum for Commercial Law courses include:
- Foreign trade policies
- Banking and Finance Law
- Philosophy of Law
- E-commerce
- Corporate legal framework
Popular Commercial Law Entrance Exams in India
Popular Commercial Law Colleges in India VIEW ALL
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Sharda University
- Fees: ₹ 202000
Pondicherry University
- Fees: ₹ 29859
MNLU Mumbai
- Exams: CLAT PG
Frequently Asked Questions (FAQs)
Question: What is the average salary of a Commercial Law graduate?
Answer :
The salary after completing a course in the field of Commercial Law depends on the location of the company, job profile, and the experience and skills of the candidate. The average fees for a Commercial Lawyer in India is Rs 8.2 LPA.
Question: What is the average fee for Commercial Law course?
Answer :
The fee depends on many factors such as the level of education, type of institute and location of the institute. Generally, private institute is more expensive than a government institute. The average fees ranges from Rs 29,086- Rs 1.80 Lakhs,
Question: What are the top colleges offering Commercial Law courses?
Answer :
There are many institutes both private and public, offering Commercial Law courses in various degrees. Some of the top institutes are MNLU Mumbai, NLU Odisha, Pondicherry University, Shivaji University, and Gondwana University.
Question: Is there any specific entrance exam to secure admission in Commercial Law?
Answer :
There are specific entrance examinations that are required to be given by the candidate in universities. Some of the entrance examinations are CLAT, LLM (CLAT PG), GATE, etc. The entrance examinations are national-level examinations to give admissions in the national universities. It is important for the candidate to qualify the examination to get admission in the top universities that offer the law courses.
Question: Is Commercial Law a difficult course?
Answer :
The subjects in Commercial Law are quite difficult to understand, but it depends on the individual on how their understanding of the subject. The area of Law is challenging and needs time and effort in the career. There is nothing such as tough or easy; it depends on the individual how he/she studies the subjects in order to get better at it.
Question: What are the various job profiles after completing this course?
Answer :
After the successful completion of this course, there are zillions of career opportunities and opens the door to a wide range of jobs such as Legal Advisor, Corporate Lawyer, Civil Judge, Enforcement Officer, etc. It is very important for the individual to understand the Law and also the subjects in order to enhance their skills and get a broad understanding of the course.
Question: What does Commercial Law deal with?
Answer :
The Commercial Law deals with the Indian Contract Act, that includes the general principles of Law and the contracts between customers and businesses. It is very important to study Commercial Law so as to understand the various aspects of Law and how it is used in businesses.
Question: Why is Commercial Law so important?
Answer :
Commercial Law is important because that Law governs the businesses. It helps to look after the trade between business and consumers. The Law is designed to look after the trade between businesses and the consumers by following a certain set of rules.
Question: What is the basic eligibility criteria for securing admission in Commercial Law?
Answer :
The basic eligibility criteria for Undergraduates is 10+2 pass with a minimum aggregate of 50% marks or equivalent. If the individual wishes to pursue the course as a Postgraduate degree, then he/she must hold an LLB degree from a recognized board. There are certain universities that conduct entrance examinations.
Question: What is Commercial Law, and what are the subjects covered in this field?
Answer :
Commercial Law is a course that deals with the Law that is required in businesses. The Law deals with supporting businesses in making money for their products and services. Commercial Law is a subject that deals with Business Law. The course focuses on teaching students the way business firms enter certain contracts and how work is done by them.
The subjects covered in this field are Insurance Laws, Research Work, Economic tribunals, Capital market laws, Free trade agreements, and others.
Questions related to Commercial Law
Showing 16 out of 16 Questions
22 Views
what is the syllabus of commercial law for b.com e commerce 3 sem?
28th Jan, 2022
Hello
Hope you are doing fine!
Please specify the college you are studying in so that we can help you better,
Generally the syllabus for third semester includes the following subjects:
The practice of General Insurance.
Cost Accounting.
Business Law.
Banking Theory and Practice.
Auditing.
Computerized Accounting.
Accounting Standards.
Answer later 68 Views
what is commercial law and what are the opportunities in the company side
20th May, 2021
Hello candidate,
Let me first help you out with the definition of commercial law- Commercial Law can be referred as the the body of legislation that applies to the rights, relations, and conduct of persons and business engaged in commerce, merchandising, trade, and sales.
Since as the term suggests, there is an ocean of opportunities available for your such as you can be a business lawyer, corporate lawyer, and like that.
Good Luck!
80 Views
which is best in llm does business law or corporate law or commercial law
18th May, 2021
Here are some of the best LLM colleges for corporate Law in India:
University School of Law and Legal Studies, New Delhi
NLU Jodhpur - National Law University
ULC Bangalore - University Law College New Law College Bangalore University
To know more LLM Corporate law colleges visit the link below:
https://law.careers360.com/colleges/list-of-llm-in-corporate-law-colleges-in-india
For LLM Business Law some of the best colleges:
Government Law College, Coimbatore
SLS Noida - Symbiosis Law School
SLS Pune - Symbiosis Law School
I hope this answer helps. All the very best for your future endeavors!
74 Views
best colleges for commercial law in India
12th Jan, 2020
Kushagra, some commercial law colleges in India have been listed here:
- Maharashtra National Law University, Mumbai
- University School of Law and Legal Studies, New Delhi
- National Law University, Cuttack
- Manikchand Pahade Law College, Aurangabad
- Kirit P Mehta School of Law, Mumbai
- Damodaram Sanjivayya National Law University, Visakhapatnam
- CRM University School of Legal Studies, Bangalore
For more details on the fee structure, courses, admission process, etc you can visit the given link: https://law.careers360.com/colleges/list-of-commercial-law-colleges-in-india?sort=popularity&page=1
123 Views
Commercial law up ki kis university se hota hai.
Student Expert
19th May, 2019
Hello Sir. Commercial Law is a business law which is applied in business activities including trade and commerce. The study of commercial law deals with the law undertaken in a business which regulates corporate contracts, rules and regulations related to manufacturing and sales of consumer goods. The course focuses on the operation of the commercial law on international and national business taking place in the country like in the case of exports and imports. Students pursuing the course are taught through internships with commercial lawyers. The universities offering this course are:
Amity University
Shobhit University
Monad University
Courses Similar to Commercial Law
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