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MASTER OF BUSINESS LAWS (M.B.L.)

MASTER OF BUSINESS LAWS (M.B.L.)

MBL Started in the Year 1994 – 95

Distance Learning is not very old in India. Initially it was the method of learning introduced by various specialized agencies namely, Institution of Chartered Accountants of India, Institution of Company Secretaryship, Institution of Cost and Works Accountants of India, Institution of Engineers and many others. In the avenue of formal education, distance education methodology became popular in India with the advent of Indira Gandhi National Open University in 1985. With the technological advancement, the distance education mode has gained popular acceptability in developing countries, though the efficacy of learning in distance education mode depends upon the communication technology. With more and more people interested in higher learning in the non-formal set up, distance education mode is bound to become more and more popular. Distance education has several advantages such as:

  1. The learner can decide his own programme according to his time and talent,
  2. A programme can address a large number of students across the country,
  3. Low maintenance cost (notwithstanding the fact of its comparatively high initial cost),
  4. Programme is designed according to demands of individuals,
  5. Learners are not to reach out to the academy and spend huge maintenance costs.
  6. The administrative overheads of the programme are comparatively low.

 However on account of some inherent disadvantages, advanced countries like U.S.A. have not yet come forward in a big way in promoting distance education mode. Its main disadvantage is that, as a high-tech tool of education, it requires higher initial investments for countrywide classrooms through television and telecommunication links, preparation of high grade reading materials and above all, absence teacher.

The National Law School of India University, intentionally, with a long term vision, has introduced programme of Master’s Degree in Business Laws through distance education mode. With attempts towards globalising the Indian economy and consequent integration of business, trade, commerce and industries, national standards, both substantive and procedural laws, are conditioned by international agreements and conventions. People who are in trade, commerce, industries and business both in public and private sectors, require appropriate legal knowledge for use in their decision-making process.

The seed of litigation is sown in the process of decision-making. Therefore, at the basic level of decision making itself, the decision makers have got to be on the right side of law and use law as an instrument of policy making to ensure minimum litigation.

In order to use law as a management tool, all players must have complete information at their command. This course, which is popularly known as M.B.L. is particularly tailored for the lower, medium and higher level managers to acquire better skills and capability for better decisions. In a changing technological and business environment, this clear vision propelled the faculty of National Law School of India University to design this course in a way to benefit all persons engaged in trade, commerce, industries and business, both in private or public sectors. The overwhelming response for enrollment in the course of last ten batches is testimony to the great importance of the course. This does not in any way make the National Law School of India University complacent and it is very much aware of the constraints. The provision for electronic media is an area which requires immediate attention. The distance education department is aware of the prospects and limitations of adopting electronic media, as an additional tool of teaching technique. Hopefully, in the next 2 or 3 years it might become possible for the National Law School of India University to acquire and use some of the modern techniques of distance education progressively.

SUBJECTS

 The subjects prescribed for each of the two years of the Degree course shall be as follows:

First Year

Contract Law

Banking Law

Corporate Law

Industrial Relations Law

Environmental Law

Second Year

Investment Laws

Insurance Laws

Law relating to International Commercial Transactions

Intellectual Property

Taxes on Corporations & Commodities