The 39th Revised and Enlarged Edition of the book present the basic principles of Mercantile Law, Company Law and Industrial Law in a way that makes the subject easily intelligible even to a non-specialist. This book is specially written for B.Com. and B.B.M. Courses of all Indian Universities, M.B.A. and I.A.S. Examinations and other Professional Courses.

The salient features of the present edition are as follows:
A new chapter on ‘Goods and Services Tax (GST)’ has been included in this edition. In order to bring uniformity in Tax rates and to simplify the tax mechanism, Central Government rolled out Goods and Services Tax (GST) from 1st July, 2017.
The Insolvency and Bankruptcy Code, 2016’ is the Bankruptcy Law of India. The Insolvency and Bankruptcy Code Bill, 2015 was introduced in Lok Sabha on 21st December, 2015 and by Rajya Sabha on 11th May, 2016. The Code received the assent of the President of India on 28th May, 2016.
A chapter on ‘Limited Liability Partnership’ popularly known as LLP has been added in the present edition. LLP combines the advantage of both the Company and Partnership into a single form of organization.
Volume II of the book on Company Law with Schedules has been thoroughly updated as per Companies (Amendment) Bill, 2020 which was introduced in Lok Sabha on 17-3-2020. The Bill was passed and converted into an Act by Parliament on 22-9-2020
To improve the grasp and understanding of the subject-matter, more questions like – 526 Objective Type (Multiple Choice, Fill in the Blank, True and False) have been updated
New Typography of the book makes the book strain-free and reader friendly.
A comprehensive “Subject Index” adds to the value of book facilitating readers to easily search the topic of his / her interest.

Contents :

Volume I – LAW OF CONTRACT

Introductory
Part One – General Principles of Law of Contract
Nature of Contract
Offer and Acceptance
Consideration
Capacity to Contract
Free Consent
Legality of Object
Void Agreements
Contingent Contracts
Performance of Contract
Discharge of Contract
Remedies for Breach of Contract
Quasi-Contracts
Part Two – Special Contracts
Indemnity and Guarantee
Bailment and Pledge
Contract of Agency
Sale of Goods
Conditions and Warranties
Transfer of Property
Performance of Contract
Rights of an Unpaid Seller
Nature of Partnership
Relations of Partners
Dissolution of Firm
Limited Liability Partnership (LLP)
Negotiable Instruments
Notes, Bills and Cheques
Parties to a Negotiable Instrument
Negotiation
Presentment of a Negotiable Instrument
Dishonour of a Negotiable Instrument
Discharge of a Negotiable Instrument
Rules of Evidence Estoppel and International Law
Hundis
Banker and Customer
Arbitration
Conciliation
Law of Insurance
Life Insurance
Fire Insurance
Marine Insurance
Carriage of Goods
Carriage by Sea
Carriage by Air
Part Three – Law of Insolvency
The Insolvency and Bankruptcy Code, 2016
Part Four – Other Laws
The Consumer Protection Act, 1986
The Foreign Exchange Management Act, 1999
The Information Technology Act, 2000
The Competition Act, 2000
Goods and Services Tax (GST)
Volume II – COMPANY LAW

Nature of Company
Kinds of Companies
Formation of Company
Memorandum of Association
Articles of Association
Prospectus
Share Capital and Debentures
Acceptance of Deposits by Companies
Registration of Charges
Management and Administration
Declaration and Payment of Dividend
Accounts of Companies
Audit and Auditors
Appointment of Directors
Meeting of Board and its Powers
Appointment and Remuneration of Managerial Personnel
Inspection, Inquiry and Investigation
Compromises, Arrangements and Amalgamations
Prevention of Oppression and Mismanagement
Registered Valuers
Removal of Names of Companies from the Register of Companies
Winding Up
Companies Authorised to Register under Companies Act
Companies Incorporated Outside India
Government Companies
Registration Offices and Fees
Companies to Furnish Information or Statistics
Nidhi
National Company Law Tribunal and Appellate Tribunal
Special Courts
Miscellaneous
The Depositories Act, 1996
Company Law in Computerized Environment
The Companies Act, 2013 (Schedules I to VII)
Volume III – INDUSTRIAL LAW

Part One – Working Conditions
The Factories Act, 1948
Part Two – Social Security
The Employees’ Compensation Act, 1923
The Employees’ State Insurance Act, 1948
The Employees’ Provident Funds and Miscellaneous Provisions Act, 1952
The Payment of Gratuity Act, 1972 (as amended upto 29-3-2018)
The Maternity Benefit Act, 1961
The Payment of Wages Act, 1936
The Minimum Wages Act, 1948
Part Three – Disputes
The Industrial Disputes Act, 1947
Part Four – Standing Order
The Industrial Employment (Standing Orders) Act, 1946
Part Five – Workers’ Organisations
The Trade Unions Act, 1926
Part Six – Bonus
The Payment of Bonus Act, 1965
Part Seven – Miscellaneous
The Apprentices Act, 1961
The Employment Exchanges (Compulsory Notification of Vacancies) Act, 1959
The Collection of Statistics Act, 2008