The document outlines the evolution of India's legal system from the establishment of common law under British rule to the current constitutional framework post-independence. It emphasizes the importance of law in regulating conduct, protecting rights, and maintaining societal order. Additionally, it details various branches of law, particularly mercantile law, and its significance in commercial dealings and social justice.

1. BUSINESS REGULATORY FRAMEWORK
- Micheal Solomon L

2. CIVILISATION

3. SOCIAL ANIMAL
•INDIVIDUAL
•FAMILY
•SOCIETY

4. SOCIETY WITHOUT LAW IS DANGEROUS

5. LAW OF CONTRACTS

6. After effects of not having a Legal System

7. Violating LOCKDOWN Rules and Punishment

8. Law in British Ruled India
• The common law system – a system of law based on recorded judicial
precedents- came to India with the British East India Company. The
company was granted charter by King George I in 1726 to establish
“Mayor’s Courts” in Madras, Bombay and Calcutta.
• Following the First War of Independence in 1857, the control of
company territories in India passed to the British Crown. Being part of
the empire saw the next big shift in the Indian legal system. Supreme
courts were established replacing the existing mayoral courts. These
courts were converted to the first High Courts through letters of
patents authorized by the Indian High Courts Act passed by the British
parliament in 1862.

9. INDEPENDENCE – 1947 August 15

10. REPUBLIC OF INDIA – 1950 January 26

11. INDIAN CONSTITUTION – PREAMBLE

14. • The Chief Justice is appointed by the President of India
• The first Chief Justice was Sir Maurice Gwyer and the other two
judges were Sir Shah Muhammad Sulaiman and M. R. Jayakar. It
functioned until the establishment of the Supreme Court of India on
28 January 1950.
• President Ram Nath Kovind administers the oath of office
to Justice Sharad Arvind Bobde after he was appointed as the
47th Chief Justice of India (CJI) at Rashtrapati Bhavan, in New
Delhi.

15. Meaning
•Law means “SET OF RULES” of conduct
RECOGNISED and ENFORCED by the
STATE to control and REGULATE the
CONDUCT OF PEOPLE, to PROTECT
their PROPERTY and CONTRACTUAL
rights with a view to securing JUSTICE,
PEACEFUL LIVING and SOCIAL
SECURITY.

16. In short
• Law means
• RULES
• REGULATIONS
• GUIDELINES
• PRINCIPLES
• Which regulate the relations of citizens with STATE and between one
CITIZEN and OTHER

17. Law - Importance / Need / Purpose/ Functions
• Serves as a norm of conduct
• Keeps the society running
• Act as guideline
• Easy adoption of change
• Gives protections to the victims
• Promoting common good
• Resolving disputes over limited resources
• Encouraging people to do the right thing

18. International Law
• Public Law
• Private Law

19. MUNICIPAL LAW

20. PUBLIC LAW
• CONSTITUIONAL LAW
• ADINISTRATIVE LAW
• CRIMINAL LAW

21. PRIVATE LAW
•PERSONAL LAW
•PROPERTY LAW
•LAW OF OBLIGATION

22. MERCANTILE LAW – IMPORTANCE
•Bring definiteness in commercial dealings
•Determines the validity of a contract
•Deals with different types of contracts
•Serves as a vehicle of social change
•Establishes socio-economic justice
•Helps to maintain order
•Helps to regulate the activities of individuals

23. Sources of Mercantile Law
• The English Mercantile Law
• Indian statute law
• Judicial decisions
• Customs and usage

24. Some Mercantile Acts
• The Companies Act 2013
• The Partnership Act 1932
• The Information Technology Act 2000
• The Foreign Exchange Management Act 1999
• The Competition Act 2002
• The Consumer Protection Act 1986
• The Factories Act 1948
• The Employees Compensation Act 1923
• The Right to Information Act 2005