OER OPEN EDUCATIONAL RESOURCES FLIPPING THE CLASSROOM WITH

OER OPEN EDUCATIONAL RESOURCES “FLIPPING THE CLASSROOM WITH POWER POINT PRESENTATION” Work done as part of AICTE approved FDP 201 x Pedagogy for Online and Blended Teaching. Learning Process Dr. T. Srinivas (TL), Dr. Ch. Gowthami, Dr. P. Satishchandra 1

Legal Aspects of Business (Business Laws) Law defines all aspects of Business Practices “ Ignorantia juris non excusat ’’ ignorance of law excuses no one RC -1069 Group ID 857 FDP 201 X, RC 1069, Group ID 857 2

Awareness on Business Laws for -'Start -up India' "Think big, think fast, think ahead. Ideas are no one’s monopoly. " -Dhirubhai Ambani FDP 201 X, RC 1069, Group ID 857 3

Awareness on Business Laws for -'Start-up India' • Students of Engineering, Pharmacy, Biotechnology, & Management etc need to have the basic awareness on Business Laws. • The Government have taken the 'Start-up India' initiative in the year 2016, as a part of 'Start-up India‘ initiative it has made mandatory in AICTE institutions to create awareness in final year students on commercial laws and regulating mechanisms. • Student Start-up: A Start-up that is initiated by student(s) enrolled in any academic institution recognized/approved by AICTE. FDP 201 X, RC 1069, Group ID 857 4

Awareness on Business Laws for -'Start-up India' • A startup is faced with a number of issues that have to be dealt with in order to grow into a successful organization. • Apart from planning the most effective business strategy for the company, the startup needs to look at the regulatory environment, various legal issues, and the laws of the country where the startup is proposed to be set up. • In addition to this, the startup will also need to examine the regulatory and tax regimes of locations it plans to do business in. FDP 201 X, RC 1069, Group ID 857 5

Start-up Course Curriculum The Start-up Course Curriculum should have courses on business opportunity identification, business idea generation, IPR/patenting laws, B-plan and feasibility, start-up finance, launching and sustaining start-ups, softskills for start-ups, foundation of the business basic subjects as well as management, accounting & finance, negotiation etc. FDP 201 X, RC 1069, Group ID 857 6

Introduction to Legal Aspects of Business • Law needs to be taught to MBA students differently than it is taught to law students. • One important point is MBA students are trained to become managers, not lawyers. • Managers are interested in the interface of law with the organizations, society, market, economy, polity, and administration. • The MBA Students/Managers interested in learning law is for conducting their day-to-day activities in an informed and efficient manner. • Managers are interested in exploring how practices could be organised optimally, within the bounds of the given law. FDP 201 X, RC 1069, Group ID 857 7

. • Law permeates (filter through) every aspect of a firm’s existence. It regulates production, sets quality standards, and deters unfair trade practices. • Thus, the study of the legal aspects of business has been an integral part of management education. • On any business issue, even if it is small business. Not one but several acts may apply. Each act comes with its set of rules, notifications and orders. • Thus, legal aspects of business comprise a network of acts, rules, notifications, government orders and judgements of the courts. Business law developed with the changing practices of trade & commerce. FDP 201 X, RC 1069, Group ID 857 8

. • The first business law to emerge was the contract law (Indian Contract Act, 1872). This law applies till date. • Student will get the full support from the web link https: //startupindia. gov. in/ • And by using the above startupindia web link we can apply for registration and it is a single window for all permissions. • Discover the Journey of Startup India https: //www. youtube. com/watch? time_continue=4&v=orz. N C 8 l. Cl. Kk FDP 201 X, RC 1069, Group ID 857 9

Please Click on Video to Open: Provided for Information Transmission On Startup. India : Flip. Class Out- of-Class Activity 10

Incentives for ease of Doing Business • The Government has proposed a self certification mechanism for certain compliances. After the self-certification process, it is proposed that there will be no inspection for a period of 3 years, unless instances of specific violations are reported. FDP 201 X, RC 1069, Group ID 857 11

Incentives for ease of Doing Business Labour Laws: 1. The Building and Other Constructions Workers’ (Regulation of Employment & Conditions of Service) Act, 1996. 2. The Inter-State Migrant Workmen (Regulation of Employment & Conditions of Service) Act, 1979. 3. The Payment of Gratuity Act, 1972. 4. The Contract Labour (Regulation and Abolition) Act, 1970. 5. The Employees’ Provident Funds and Miscellaneous Provisions Act, 1952. 6. The Employees’ State Insurance Act, 1948. FDP 201 X, RC 1069, Group ID 857 12

. Environment Laws: 1. The Water (Prevention & Control of Pollution) Act, 1974. 2. The Water (Prevention & Control of Pollution) Cess (Amendment) Act, 2003. 3. The Air (Prevention & Control of Pollution) Act, 1981. FDP 201 X, RC 1069, Group ID 857 13

Important Compliances in Business Ease of Winding Up - Insolvency and Bankruptcy Bill 2015. The Insolvency and Bankruptcy Bill 2015 (“IBB”), tabled in the Lok Sabha in December 2015 has provisions for the fast track and / or voluntary closure of businesses. § The Securities Contracts (Regulation) Act, 1956 [As amended by Finance Act, 2017] § Companies Act 1956/2013. The Companies Act, 2013 proposes a number of changes in the corporate law that was existing in India since 1956. § Intellectual Property Rights - Patent applications filed by startups would be fast tracked for examination and disposal. Legal Support and Fast-tracking Patent Examination at Lower Costs. § The IT Act, 2000. § Competition Act 2002. (CCI –Competition Commission of India). § If the business you are in real estate then you have to know - Real Estate Regulation and Development Authority (RERA) Act 2016. § Misleading Advertisements: Laws and Regulations. § Consumer Protection Act to Consumer’s Rescue- Consumer Protection Act-1986 § FDP 201 X, RC 1069, Group ID 857 14

"RTI | Right to Information Act 2005 | How to file RTI online | RTI Act 2005 | सचन क अध क र 2005 ‘’ FDP 201 X, RC -1069 Group ID 857 15

Please Click on Video to Open: RTI Act 2005 for Information Transformation as a part of Flip. Class /Out-of-Class Activity 16

. • Video on RTI Act 2005: https: //www. youtube. com/watch? v=g. G 9 d. LXe. BSVA • Patents Act, 1970 (“Patents Act”) as “a new product or process involving an inventive step and capable of industrial application. ” Thus, if the invention fulfills the requirements of novelty, nonobviousness (inventive step), and industrial application then it would be considered a patentable invention. • TRADE MARKS: Trademarks are protected both under statutory law and common law. The Trade Marks Act, 1999 (“TM Act”) along with the rules thereunder govern the law of trademarks in India. FDP 201 X, RC 1069, Group ID 857 17

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. • Copyright Act, 1957 (“Copyright Act”), supported by the Copyright Rules, 2013 (“Copyright Rules”), is the law governing copyright protection in India. Copyright Act provides that a copyright subsists in an original literary, dramatic, musical or artistic work, cinematograph films, and sound recordings. • Industrial designs in India are protected under the Designs Act, 2000 (“Designs Act”), which replaced the Designs Act, 1911. The Designs Act incorporates the minimum standards for the protection of industrial designs, in accordance with the TRIPS agreement. FDP 201 X, RC 1069, Group ID 857 19

Applicable Employment Laws Please watch the Video on Employment Laws: https: //www. youtube. com/watch? v=i 7 sfn. HCy 6 Eg Video Title: Legal Gyan Employment Law Attorney | Labour Law | Legal Knowledge | Legal Help | India || Part 01 | § § Factories Act, 1948 (“Factories Act”). Shops and Commercial Establishments Acts (“S&E Acts”). Industrial Employment (Standing Orders) Act, 1946 (“Standing Orders Act”). Contract Labour (regulation and Abolition) Act, 1970 (“CLRA ACT”). § Maternity Benefit Act, 1961 (“Maternity Act”). § § FDP 201 X, RC 1069, Group ID 857 20

Applicable Employment Laws § § § § Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 (“Sexual Harassment Act”). Building and Other Construction Workers (Regulation of Employment and Conditions of Service) Act, 1996 (“BOCW Act”). Minimum Wages Act, 1948 (“Minimum Wages Act”). Payment of Wages Act, 1936. Equal Remuneration Act, 1976. Payment of Bonus Act, 1965. The Payment of Gratuity Act, 1972 (“Gratuity Act”). Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 (“EPF Act”). FDP 201 X, RC 1069, Group ID 857 21

. § § Employees’ State Insurance Act, 1948 (“ESI ACT”). The Apprentices Act, 1961 Employment Exchanges (Compulsory Notification of Vacancies) Act, 1959 (“EECNV ACT”). Child Labour (Prohibition and Regulation) Act, 1986 (“Child Labour Act”) • Industrial Disputes Act, 1947 • Trade Unions Act, 1926 FDP 201 X, RC 1069, Group ID 857 22

All India Reporter (AIR )- Court Judgements are Open Source Documents • The Courts produce a large number of judgements everyday. These court judgements are open source documents accessible to all. LAW journals print the cases. • Ex- All India Reporter (AIR ) is one of the well known law journals of India. • The citation of the judgement Consolidated Coffee Ltd Vs Coffee Board, Bangalore is AIR 1980 SC 1468. • Here 1980 refers to the year of publication, SC refers to the Supreme Court and 1468 is the page number on which the judgement can be found. Citations carry the name of the journal, year and page number. FDP 201 X, RC 1069, Group ID 857 23

Learning Objectives After using this PPT provided as a part of OER, learner will be able to understand the legal environment of business. To help create a larger number of student-driven, on campus startups that will add to economic and social value. To achieve this, the below mentioned strategies would be applied: • Teaching students and encouraging them to take up entrepreneurship as a preferred career choice. • Preparing students for successful launching of their start-ups. • Re-orienting academic curriculum and pedagogy with a strong focus on Start-ups. FDP 201 X, RC 1069, Group ID 857 24

. • Developing customized teaching and training materials for start-ups and engaging them in pre-startup activities. • To prepare students as they gain benefits from Go. I's 'Start-up India‘ programme. • To encourage Science and Technology students to choose entrepreneurship as their careers. • To motivate students to convert their Detailed Project Reports (DPRs) and projects into viable B-plans. FDP 201 X, RC 1069, Group ID 857 25