The Course is combination of a foundational and a standalone course. It seeks to reprise or repeat the understanding, appreciation, and analysis of fundamental legal principles across three legal subjects that lie at the heart of the modern Indian corporate or commercial law transactional practice – namely, contract law, company law, and exchange control (or foreign exchange) law.

To that extent, the Course aims at reinforcing the objectives of the overall programme curriculum and builds on the core courses in these subjects that the students have previously studied. This it aims at doing, by going ‘back-to-basics’ in building a strong, principles-driven foundation in three core legal subjects. The perspective of how the practice of the transactional law – in the real world and in ‘operation’ – treats these critical legal issues is an important point of reference, or in some cases, contrast, to the understanding of the critical legal principles themselves.

That said, a student having such a strong fundamental foundation in these principal legal subjects, will be a better professional asset in the corporate / commercial world after law school – a consequence that is certainly salutary, though not intended to be necessary by and of itself. In other words, given the foundational importance of these subjects at the core of any corporate or commercial transactional law practice – and upon which the superstructure of any real corporate law “practice” is built – it is hoped the students will both appreciate and benefit from this attempt at a re-mooring or a reprise of these core legal principles and their legal method, forming an essential part of a good lawyer, namely, constant, reading and learning.

The Course relies principally on leading textbooks, treatises, and commentaries (both India and English), as well as case law readings embedded therein. These materials provide a jurisprudentially rich and detailed analytical framework for a reprise of one’s understanding of these core legal subjects.

The Course does not purport to be a comprehensive restatement of each of these subjects. It rather strides to identify key foundational legal principles, while attempting to deconstruct them for ease of a future practitioner’s sound understanding. To that extent, the approach adopted is doctrinaire; the focus being on essential principles of law, rather than merely the practice.