23PCOMC41	CORPORATE ECONOMIC LAWS	L	T	P	C
Semester-4	5	5

Learning Objectives:
LO1:	To analyse current and capital account transactions and dealings in foreign currency under FEMA
LO2:	To understand unethical competitive practices and forums for redressal of consumer disputes under Competition Act and Consumer Protection Act
LO3:	To understand the procedure for obtaining patents and copyright under The Copyright and Patents Act
LO4:	To evaluate offences and punishment for money laundering under Prevention of Money Laundering Act
LO5:	To explain the registration and related procedures under Real Estate Act

Course Outcomes:
After the successful completion of the course, the students will be able to:
CO1:	Recall important provisions of FEMA
CO2:	Evaluate the provisions of the Competition Act, 2002 and Consumer Protection Act to govern commercial competition and protect a consumer
CO3:	Recall the process relating to obtaining copyrights and patents.
CO4:	Examine the provisions of Money Laundering Act
CO5:	Analyse the provisions relating to regulation of real estate.

###### Unit I: Introduction to Foreign Exchange Management Act, 1999

Foreign Exchange Management Act, 1999: Introduction - Definitions - Current Account transactions - Capital Account transactions - Realisation, repatriation and surrender of foreign currency - Remittance of assets - Possession and retention of foreign currency or foreign coins - Authorised person - Adjudication and Appeal. Unit II II Competition Act, 2002 and Consumer Protection Act, 2019 Competition Act, 2002: Objective - Prohibition of Agreements, Prohibition of Abuse of Dominant Position - Regulation of combinations - Competition Commission of India: Duties, Powers and Functions of Commission - Appellate Tribunal. The Consumer Protection Act, 2019: Objects; Rights of consumers - Consumer Dispute Redressal Commissions - Consumer protection councils - Procedure for admission to complaints - Appeal against orders.

###### Unit III:Law relating to intellectual property rights

Law relating to intellectual property rights: Introduction - The Copyright Act, 1957: Works in which copyright subsist - Ownership of copyright and the rights of the owner - Assignment of copyright - Disputes with respect to assignment of copyright - Term of copyright - Registration of copyright - Infringement of copyright. The Patents Act, 1970: Inventions not patentable - Applications for patents - Publication and examination of applications - Grant of patents and rights conferred - Register of patents. Trademarks Act, 1999: Conditions for registration - Procedure for and duration of registration - Effect of registration - Collective marks.

###### Unit IV: Prevention of Money Laundering Act, 2002

Prevention of Money Laundering Act, 2002: Offence of money laundering - Punishment for money laundering - Attachment, adjudication and confiscation - Obligations of Banking Companies, Financial Institutions and Intermediaries - Summons, Search and Seizure - Appellate Tribunal.

###### Unit V:Real Estate (Regulation and Development) Act, 2016

Real Estate (Regulation and Development) Act, 2016: Introduction - Salient features of the Act - Registration of Real Estate Project - Registration of Real Estate agents - Functions and