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The Second Edition of the book continues to explain the legal aspects of the different business laws of the land to help students understand and gain knowledge of the legal environment in which the businesses operate. The knowledge of the business laws is of paramount importance to every business manager and chartered accountant, who need to deal with legal matters regularly. This book is specifically designed to introduce the students to the legal environment and thus includes all important Acts, such as the Law of Contracts, the Sales of Goods Act, 1930, the Negotiable Instruments Act, 1881, the Law of Insurance, the Company Law, the Factories Act, 1948, the Industrial Disputes Act, 1947, the Trade Unions Act, 1948, the Minimum Wages Act, 1948, the Employees' State Insurance Act, 1948, the Consumer Protection Act, 1986, the Pollution Control Acts, 1974 and 1981, and the other important legal issues. The book presents a systematic and in-depth treatment of the various Acts in a concise, lucid and illustrative manner, using several suitable practical examples and studies of different law cases with a view to making the subject more intelligible, interesting and authentic. Review questions and practical assignments provided at the end of each chapter are designed to help the students grasp and apply the provisions of different Acts. New to the second edition The following new chapters have been introduced in the second edition to enrich the contents: Corporate Governance Intellectual Property Rights Right to Information Act Telecom Regulatory Authority of India In addition, the part three of the book, which is on the Company Law, has been updated with the latest Companies Act, 2013. The book is primarily designed to serve the needs of undergraduate students of Commerce (B.Com). It is equally useful for BBA and MBA students and those pursuing professional courses at The Institute of Chartered Accountants and The Institute of Company Secretaries, besides meeting the growing needs of aspirants preparing for competitive examinations.