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Business Law TABLE OF CONTENTS

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Added on  2020-10-05

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Business law TABLE OF CONTENTS TASK 11 P 1 Different of sources of law1 P2 Identifying the role of government in law making2 TASK 23 P3 Determining the approach employment and contract legislation have impact on organization 3 TASK 34 Nature of registered company and role of directors of company 4 Ways for limited company to raise its capital5 TASK 46 Alternative legal solutions for resolution of business problem. 6 CONCLUSION 7 REFERENCES 8 INTRODUCTION Commercial legislation is also referred to as

Business Law TABLE OF CONTENTS

   Added on 2020-10-05

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TABLE OF CONTENTSTASK 1............................................................................................................................................1P 1 Different of sources of law...............................................................................................1P2 Identifying the role of government in law making............................................................2TASK 2............................................................................................................................................3P3 Determining the approach employment and contract legislation have impact onorganization............................................................................................................................3TASK 3............................................................................................................................................4Nature of registered company and role of directors of company...........................................4Ways for limited company to raise its capital........................................................................5TASK 4............................................................................................................................................6Alternative legal solutions for resolution of business problem..............................................6CONCLUSION..............................................................................................................................7REFERENCES...............................................................................................................................8
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INTRODUCTIONCommercial legislation is also referred to as commercial law that is created bylegal authority in the country on the basis of different issues faced by companies in severalindustries. In context of company law, these are the legislations which are formed by legal areformed by government for preventing the unfair competition. Every nation in the world has itsown legal system which governs as well as regulates activities facilitated at specific region. Forexample, English law in British legislative system which control as well as regulates the businessactivities conducted by an organization UK. Legislation related to the business is also consideredto be as lawful case scenario in which two parties those who are facing commercial dispute onthe subject matter associated with contract, merger, sales etc. The objective of the report is tohighlight the sources of different law. It has focus on recognizing the function of legal authorityin law making procedures. Study also emphasizes on analysing the way company or contractlegislation has effect on business.TASK 1P 1 Different of sources of law According to the universal notion of law, the objective of implementing legislation wellas norm is to offer companies with the appropriate solution to several business problems. If insituation when any firm fails to follow the legislation in such case an organization faces legalissues, pay penalties etc.British legislation is created by the authorized member in European Legal system.legalsystem. There are several norms in English legal system which are designed as well asimplemented by legal authority in UK which control as well monitors and regulates the businessoperation of an enterprise operating in Wales and England. In English legal system (Amato,2015) the different sources of law are:Legislation: These are which are automatically originated by act of parliament.Primary law: It recognized as delegated law which are formulated by the deliberate assembly ofthe nation.There is some legislation in English legislative system which are inspired or affectedby the different legislation which is created by the legal authority in European Union. Secondary legislation: Communal law: Such norms are developed by judges in the courts on the foundation ofdetermination or judgement made by magistrate in present cases.1
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EU law: Convention of human right, it is the law in English legal system which is affected thelaws in European Union. It is considered to be an essential law which is needed to be compliedby all organization operating business in United Kingdom .In addition to this, corporate, contract, company and other acts related to the employmentare very important for an entrepreneur to follow when establishing new venture or runningbusiness. As these norms have direct as well as significant impact on the business policies,procedures and system. Legislation defined the way business activities should be executed and acompany should be managed. (Bubb, 2014)P2 Identifying the function of authorities in law makingLaw devising is recognized to be as a formal, lengthy process in which at each and everystage, legal authority in the country plays important role. The main function of legal authority inthe nation is to represent the interest of people in the country and help a nation in identifying theappropriate solution to the problems. In addition to this the legal authority in the nation makessignification role in both formation as well as enforcement of norms in the country. There areseveral stages in law making procedure:Details about the government agenda- It is considered as first phase in which function ofgovernment in the country is to execute market research and collect information about severalproblem faced find suitable solution by an enterprise. After observing the situation, it is neededby government to find solution to problems which are faced by people or organizations.Drafting of proposal –After the first phase, at the next stage, function of legal authority is tocreate the proposal which consists of the detail information about the issues and solution to thevarious major problems in the country.Proposal to bill conversion via parliamentary counsel – Once the proposal is drafted; role ofgovernment is to present the draft of proposal in front of legal bodies working at lower level inhierarchy of English legal system for approval.Presentation of the bill - if the bill is approved by the local bodies working at lower level inhierarchy then it is required by government to convert proposal in bill format.First, Second and third reading – At this stage, it is the function of government is to forward thebill for first reading before House of Lords or members in the parliament. After the completion2
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