1. LEGAL ASPECTS OF BUSINESS
COMPANY NAME –
HINDUSTAN UNILEVER LIMITED
GUIDED BY- PRESENTED BY-
MR.ANIMESH KUMAR ARPITA BISWAS
ARPITA SHOME
SHIVANGINI KANAWAT
NAIN TITORIA
SHUBHANGI SHEKHAWAT
RUPAL TOMAR
MELAAIHUN SUTNGA
2. INTRODUCTION
FMCG- Fast Moving Consumer Goods are
typically, low-value products with a
regular high turnover of product.
Examples include non-durable household
goods,such as packaged
foods,beverages,toiletries and other
consumables.
3. Hindustan Uniliver Limited is the country’s biggest pure-play
consumer goods firm.
HUL operates in seven business segments:
1) Soaps & detergents
2) Personal care products
3) Beverages
4) Foods
5) Culinary products
6) Ice-creams
7) Others include chemicals & water business.
4. HISTORY
HINDUSTAN UNILEVER LIMITED is a
British Dutch manufacturing company.It
established in 1933(86 years ago) as
Brothers and following merger of
Vanaspati Manufacturing Company,Lever
Brothers and United Traders
1956 was renamed as Hindustan Lever
Limited.The company was renamed in
2007 as “Hindustan Unilever Limited”.
9. The Companies (AMENDMENT) Act 2015
The Company’s Act is an act of parliament which regulates the
workings of companies, stating the legal limits within which
companies
may do their business.
PURPOSE OF COMPANY’S ACT.
Is to create flexibility and simplicity in the formation and maintenance
of companies. It
balances the rights and obligation of Shareholders and directors in a
company.
The Act came into force on 12 September 2013 with few changes like
10. The Indian Contract Act 1872
The law relating to contract is contained in the Indian Contact
Act,1872.
Object of the law of contract ;The law of contact is that branch
of law which determine the circumstance in which the promises
made by parties to a contact shall be legally binding on them. It
is the most important branch of business law.The purpose of
the law of contact is to ensure the realization of reasonable
expectation of the parties who enter into a contract .
The Indian Contract Act 1872,defines the term ”Contract”
under its section 2(h)”An agreement enforceable by law”
Contract =Agreement + Enforceability at law
The Indian Contract Act 1872,defines the term “Agreement “.In
its section2(e) of the act ,”every promise and every set of
promises, forming the consideration for each other
Agreement =Offer + Acceptance
11. Essential Elements Of a Valid Contract: (SECTION 10)
OFFER AND ACCEPTANCE
INTENTION TO CREATE LEGAL RELATIONSHIP
LAWFUL CONSIDERATION
FREE AND GENUINE CONSENT
LAWFUL OBJECT
E- Commerce Contract :An E-Commerce contract is
one which is entered into between two parties via
Internet.
12. The Sales & Goods Act 1930
Contract or agreement related to the sales of goods are governed
under the Sales of Goods Act 1930.
This act came into effect on the 1st of July 1930, contracts or
agreements related to the sales of goods are governed under the sales
of goods act 1930.
Under this act , goods sold from owner to buyer must be sold for a
certain price and at a given period of time.
Events And Participants InThe Act :
SALES OF GOODS
BUYER
DELIVERY
STATE OF DELIVERY
DOCUMENTATION OF GOODS
13. CONSUMER PROTECTION ACT,1986
An act for better protection of the interests of consumer
the Consumer Protection Bill,1986 was introduced in Lok
Sabha on 5th December,1986.
To protect the consumers from unscrupulous and
unethical malpractices by the business and to provide
them speedy redressal of their grievances.
The basic rights of consumer as per the CPA are:
Right to safety
Right to be informed
Right to represent (or be heard)
Right to seek redressal
Right to consumer education.
14. CONSUMER REDRESSAL AGENCIES
District Forum- claims less than 20 lakhs
State Commission-claims exceed Rs 20
lakhs but less than Rs 1 cr
National Commission-claims exceed Rs 1
crore.
CONSUMER PROTECTION COUNCILS
These are at three levels:
Central
State
15. Central Council Objective- to promote and
protect the rights of consumers such as the
be protected against the marketing of goods
services which are harzardous to life and
State Consumer Council-to promote and
protect the rights of the consumers within the
state.
District Consumer Council- to promote and
protect the rights of the consumers within the
district.
16. VAIBHAV BEDI Vs HUL (Case Study)
Case of cheating and mental harassment
Company went for ads showing the craziness of
towards the AXE deo,Vaibhav got flown away and
wanted to be the centre of attraction among girls.
He used the product for nearly 7 years as per
prescription but no girl turned up for him in real
Then,he filed a suit that the company was making
claims a selling fake products.
As per the consumer protection act 1986,
an false statement via advertisement which
consumer and spread a different message in order
better sales.
By using Rights of Consumer,he surrendered all
18. POLICIES
HUL is committed to providing the very best not only to the customers but also to
the environment.
Cooperate Social Responsibility Policy
Their mission is to reduce the environmental impact caused by their operation
whilst being
focused on growing as well.
Environmental Policy
The company recognizes its joint responsibility with the government & the public
to protect
environment & is committed to perform all their operations keeping environment
safety in
their minds .
Quality Policy
This policy describes the principles that everyone in unilever follows wherever they
are in the
world to ensure people’s trust on them.
19. Enhancing livelihood
through PROJECT SHAKTI
An initiative by HUL to empower
women
To create livelihood opportunities for
women
Women entrepreneurs are called
SHAKTI AMMAS and they have been
trained on basic tenets
Project Shakti now has over 1 lakh
micro entrepreneurs across 18 states.