Topi-Flipkart In this, we have applied different Acts and how laws of Amendments Act, It Act, Consumer Acts can be applied to Flipkart is shown

1. GROUP MEMBERS:
GAYATRI
PRATIKSHA
SHRUTI
SRISHTI
YASHASHREE
SNEHA

2. INTRODUCTION
 It was found in 2007 by Mr. Sachin Bansal and Mr. Binny Bansal.
 It is any E-commerce company that comes under B2C as well as B2B listing.
 The CEO is of Flipkart is Kalyan Khrisnamurthy.
 Headquatered in Banglore ,India.
 Registered in Singapore and owned by Singapore based company.
 Their own products are Digiflip and Citron.

3. In August 2018, U.S.-based retail chain WALMART acquired a 77% controlling
stake in FLIPKART for US$16 billion, valuing it at $20 billion.

4. INFORMATION TECHNOLOGYACT 2000
 Its for granting legal recognition to all transactions done through electronic data
exchange, other means of electronic communication or e-commerce in place of the
earlier paper-based communication.
 Providing legal recognition to digital signatures for the authentication of any
information or matters requiring authentication.
 Facilitating the electronic filling of documents with different Government departments,
agencies and electronic storage of data.
 Providing legal sanction and also facilitating the electronic transfer of funds between
banks and financial institutions.
 Granting legal recognition to bankers for keeping the books of accounts in an
electronic form.

5. THE SALE OF GOODSACT 1930
Definition- “Acontract of sale of goods is a contract whereby the seller transfers or agrees to transfer the property in
goods to the buyer for a price”.
ESSENTIALS ELEMENTS OFACONTRACT OFSALE :
The following six features are essential elements of any contract of sale of goods.
1. Goods
2. Price
3. Two parties
4. Transfer of Ownership
5. All Essentials of a Valid Contract of Sale
6. Includes both a ‘sale‘ and ‘an agreement to sell‘

6. Conditions & Warranties
 Sec 12(2) of Sales of GoodsAct 1930, has defined Condition as :-
“Acondition is a stipulation essential to the main purpose of the contract, the
breach of which gives the right to repudiate the contract and to claim
damages”.
 Sec 12(3) of Sales of GoodsAct 1930, has defined Warranty as :-
“Awarranty is a stipulation collateral to the main purpose of the said contract.
The breach of warranty gives rise to a claim for damages. However, it does
give a right to reject the goods or treat the contract as repudiated.”

7. CONSUMER PROTECTION 1986
The Consumer Protection Bill, 1986 seeks to provide for better protection of the interests
of consumers and for the purpose, to make provision for the establishment of Consumer
councils and other authorities for the settlement of consumer disputes and for matter
connected therewith.
•Right to be Protected.
•Right to be Informed.
•Right to Choose.
•Right to be Heard.
•Right to seek Redressal.
•Right to Consumer Education.

8. Three Tier System of Council Courts
 Jurisdiction of District Forum :
District Forum shall have jurisdiction to entertain complaints where the value of the
goods or services and the compensation, if any, claimed does not exceed rupees twenty
lakhs.
 Jurisdiction of State Commission : Complaints where the value of the goods or
services and compensation, if any, claimed exceeds rupees twenty lakhs but does not
exceed rupees one crore and appeals against the orders of any District Forum within
the State.
 Jurisdiction of National Commission : Complaints where the value of the goods or
services and compensation, if any, claimed exceeds rupees one crore.

9. COMPANIES AMENDMENT ACT
A company can be defined as an "artificial person", invisible, intangible, created under law,
with a discrete legal entity, perpetual succession and a common seal.

10. FEATURES
The Companies Act, 2013 was enacted on August 30, 2013.
•Incorporated Association
•Independent Legal Entity
•Separate Property
•Perpetual Existence
•Common Seal
•Separation of Ownership and Management
•Limited Liability
•Transferability of Shares

11. THE NEGOTIABLE INSTRUMENTS ACT, 1881.
A negotiable Instrument is the document that includes a ‘promise to pay’ a certain amount of
money to the bearer of the document. Its mode of transferring a debt from one person to another.
In other words we can Say that “Negotiable instrument act means a promissory note, bill of
exchange or cheque payable either to order or to bearer”.

12. KEY TAKEAWAYS
PROGRAM OUTCOME AND COURSE OUTCOME (POCO)
 Remembering :DESCRIBE the key terms involved in each ACT.
 Understanding : SUMMARIZE the key legal provisions for each ACT.
 Applying: ILLUSTRATE the used ACTS business scenario.
 Analyzing: OUTLINE the various facts from legal and managerial perspective.
 Critical Thinking : EXAMINE the legalities required for Business.

13. LEARNING OUTCOMES
 Remembering the features and key highlights of various law invovlved.
 Understanding the importance of law.
 Applying the right law at the right place.
 Analyzing the situation where to implement the law.
 Critical Thinking the common business scenarios.