In this slide ,I have dealt with the Indian Legal System and the Essence of Law for Society and Business Managers.

1. Presented By-
Aishwarya Priyadarshini
BBA.LLB (H)

3. Indian Legal System refers to the system of law which
operates in India.
It is largely based on English common law .
Various Acts introduced by the British are still in effect in
modified form today.
Much of contemporary Indian law shows substantial
European and American influence .
Indian Legal System

4. History of Indian law
 Ancient India represented a distinct tradition of law .
 India had an historically independent school of legal
theory and practice.
 The Arthashastra , dating from 400 BC, and the
Manusmriti , from 100 AD, were influential treatises in
India .

5. Source of Law
 Primary Source:
a. The primary source of law is in the enactments passed
by the Parliament or the State Legislatures.
 Secondary Source
a. Secondary source of law is the judgments of the Supreme
Court, High Courts and some of the specialised
Tribunals.
b. The Constitution provides that the law declared by the
Supreme Court shall be binding on all courts within
India.

6. Constitution of India
 The Constitution declares India to be a sovereign
socialist democratic republic, assuring its citizens of
justice, equality, and liberty.
 It is the longest written constitution of any
independent nation in the world.

7. Criminal law
 Indian Penal Code (IPC) provides a penal code for all
of India
 The code applies to any offence committed by an
Indian Citizen anywhere and on any Indian registered
ship or aircraft

8. Civil Procedure Code
 Civil Procedure Code (C.P.C.) regulate the functioning
of Civil courts
 It lays down the:
-Procedure of filing the civil case.
-Powers of court to pass various orders.
- Court fees and stamps involved in filing of case.
- Rights of the parties to case (plaintiff & defendant)
- Jurisdiction & parameters of civil courts functioning. -
Specific rules for proceedings of a case.
- Right of Appeals, review or reference.

9. Family Law
 Indian civil law is complex, with each religion having
its own specific laws which they adhere to .
 After independence Indian laws have adapted to the
changing world.

10. THANK YOU

12. IMPORTANCE OF LAW FOR SOCIETY
 The law is important for a society for it serves as a norm of
conduct for citizens.
 It was also made to provide for proper guidelines and order
upon the behaviour for all citizens and to sustain the equity on
the three branches of the government.
 It keeps the society running. Without law there would be chaos
and it would be survival of the fittest and everyman for himself.
Not an ideal lifestyle for most part.
 The law is important because it acts as a guideline as to what is
accepted in society. Without it there would be conflicts
between social groups and communities.
 It is pivotal that we follow them. The law allows for easy
adoption to changes that occur in the society.

13.  Law plays an agent of modernization and social change.
 It is also an indicator of the nature of societal complexity
and its attendant problems of integration.
 Further, the reinforcement of our belief in the age-old
panchayat system, the abolition of the abhorable practices
of untouchability, child marriage, sati, dowry etc are typical
illustrations of social change being brought about in the
country trough laws.
 Law is an effective medium or agency, instrumental in
bringing about social change in the country or in any region
in particular.
 Therefore, we rejuvenate our belief that law has been
pivotal in introducing changes in the societal structure and
relationships and continues to be so.

14. STUDYING LAW BY
BUSINESS STUDENTS
 Contrary to the popular belief, studying law can prove
beneficial to business students, irrespective of the
career path they choose to pursue.
 Whether they intend to join their family business or
take up a managerial post in a major organization or
even set up their own venture the knowledge of
business law can prepare them for a successful and
rewarding career.

15. IMPORTANCE OF LAW
FOR
BUSINESS MANAGERS
 Business managers must have a good understanding of the
fundamental principles of contracts, both general and
special, and try to appreciate their application in different
jurisdictions.
 At times, it has been observed that realistic application is
very well guided by the norms and practices evolved over
decades and centuries and the theoretical reading simply
may not be very helpful.
 Managers have to be extra cautious while dealing with
contracts of special nature as they may have certain
peculiar features, very different from general contracts.

16.  Business managers need to be realistic in borrowing and
using borrowed money.
 Lavish, unnecessary expenditure doesn’t help.
 It sounds clichéd and old-fashioned, but it is the bitter
truth that mostly leads to a financial crunch.
 Bank officials should consider decision-making as an
objective task, with information applicability making
subjectivity minimal.
 Getting subject matter experts as arbitrators are one of
the most important characteristics of arbitration as a
dispute resolution method

17. THANK YOU