1. Shahjalal University of Science and Technology
Department of Business Administration
Lesson Plan
1.0 Introduction: To conduct the very significant
course on industrial and financial law you should be
aware on some relevant issues. To be enriched on the
useful contents and gain better grades you should be
sincere from the very beginning session. Read the
following instructions carefully (in case of any query
please talk to me) and perform the assigned tasks
within the given schedules or deadlines.
Program: Bachelor of Business Administration
Semester: 3rd Year 1st Semester
Session: 2011 – 2012
Course code: BAN 331
Course title: Industrial and Financial Law
Credit hour1: 03
Course Teacher: Md. Abdul Hamid
Schedule: Sunday 2:00pm - 3:30pm Room- 328
Tuesday 2:00pm - 3:30pm Room- 328
2.0 Letter Grade & Grade Points: According to the
university rule, the letter grade and corresponding
grade points are awarded as follows...
Marks range Grade point Letter grade
80% and above 4.00 A+
75% to less than 80% 3.75 A
70% to less than 75% 3.50 A-
65% to less than 70% 3.25 B+
60% to less than 65% 3.00 B
55% to less than 60% 2.75 B-
50% to less than 55% 2.50 C+
45% to less than 50% 2.25 C
40% to less than 45% 2.00 D
Less than 40% 0.00 F
3.0 Distribution of Marks: You know that the marks
of each course are distributed in the following way...
Class participation 10 percent
Assignment & mid-semester exams2 20 percent
Final examination 70 percent
Total 100 marks
1 One hour formal study per week is considered as one credit.
2 At least two mid-semester exams/assignments/tests but not more than three.
4.0 Class Participation3: Generally the scope of class
participation is much wider than the ‘class
attendance’. But the university ordinance for semester
system has categorically distributed the marks only
for physical attendance and those are as the
following:
Attendance Marks
95% and above 10
90% - 94% 09
85% - 89% 08
80% - 84% 07
75% - 79% 06
70% - 74% 05
65% - 69% 04
60% - 64% 03
Less than 60% 00
*please note that if you attend less than 60% classes, result
processing software will automatically assign you 00 marks
in class attendance (For example: out of 20 lectures if you
attend on 11, you will obtain 00 in class attendance). For
this, please put your signature on the delivered attendance
sheet on each session.
5.0 Evaluation Criteria: A student will be evaluated
continuously in the course system, for theoretical
classes s/he will be assessed by class participation,
assignment and quizzes, mid-semester examination
and final examination4.
For 20 percent marks of internal evaluation you have
to attend three different tests. Weight of each test is 20
and the average of the best two will be considered as
the final mark in this section. If you are unable to
attend/perform one assignment or test, you need not
to contact me as you have two other options.
Test/Assignment Expected timeline of completion
Class test - 1 September 16, 2014
Assignment September - October, 2014
Class test - 2 October 26, 2014
Closing session November 18, 2014
In the final exam, like other three credit courses, you
have to answer five out of eight questions within
three hours. But the point of difference is...in my case
at least 20 percent questions will be thought-provoking
and to some extent critical. To answer
those questions, you have to pay additional labor
than your traditional classmates. In Law courses, case
studies and practical examples are considered as
inseparable part. So, please study as much cases and
examples as you can.
3 There is no scope of make-up, recover the number of class attendance. So,
please be sincere from the very beginning.
4 According to the section 6 of the university ordinance for semester system

2. 6.0 Course Contents: In your syllabus, the following
issues are included as the content of this course...
The Company Act (1994); The Insolvency Act (1997); Bank &
Insurance Company act; The Factories Act (1965); The Payment of
Wages Act (1936); Employment and Non-employment in
Factories; Shops and Establishments; Workmen's Compensation;
Industrial Disputes; Trade Unions and CBA, Labor Court; The
Industrial Relation Ordinance (1969).
But as the business sector is very much dynamic and
changing rapidly, to cope up with the trends you
should have knowledge on some additional issues
like ICT Act or Consumer protection Act. We will try
to cover those issues in brief within the given time.
7.0 Session Plan: The tentative sessions are expected
to cover the following issues. In case of unavoidable
situations, the plan might be changed but the topics
will be covered before concluding the course. So,
please collect relevant materials and prepare yourself
for the class tests, assignment, and the final exam.
Sessions Issues will be covered
01 Orientation lecture
02 - 03 Review of the Contract Act (1872)
04 - 06 The Company Act (1994)
07 - 08 Bangladesh Labour Act (2006)
09 Class Test – 1 (Up to session 08)
10 - 11 Review of Industrial Policy - 2010
12 - 13 Banking Companies Act (1991)
14 The Insurance Act (2010)
15 - 16 Consumer Rights Protection Act (2009)
17 Class test – 2
18 - 19 Information & Com. Tech. Act (2006)
20 The Insolvency Act (1997)
21 Book Review: industrial relations in BD
22 Article review: labor unrest in RMG sector
23 Article review: comparative study on
dividend policy
24 Closing session
8.0 Contents in Detail: Within the assigned sessions
the following issues will be attempted to cover.
THE CONTRACT ACT – 1872
· Essential elements of valid contract.
· Classification of contracts.
· Offer, acceptance, consideration, free consent.
· Performance/breach of contract.
THE COMPANY ACT -1994
· Understanding public and private limited
companies with the key differences.
· Key stages of formation of a company.
· Memorandum of Association
· Article of Association
· Registration of a company
· Stock, share & debenture
· Appointment of directors and MD
· Company meetings & resolutions
· Winding up of a company
BANGLADESH LABOUR ACT- 2006
· Conditions of employment and service
· Working hours and leave
· Wages and payment
· Minimum wages and compensation
· Trade unions
· Participation committee
· Industrial dispute settlement
· Labour court
· Cessation of service
· Financial benefits with provident fund
CONSUMER PROTECTION LAWS
· Object of the Act
· Extent and coverage of the Act
· Rights of consumers
· Who can file a complaint
· How to file a complaint
BANKING COMPANIES ACT-1991
· Types of Banks
· Banking industry of Bangladesh
· Minimum paid up capital and reserve
· Rules regarding Directors
· Power of the Bangladesh Bank to regulate
advances by the bank companies
· Maintenance of liquid assets
· Winding up a bank
THE INSURANCE ACT – 2010
· Types of insurance
· Overview of insurance industry in BD
· Registration of insurance company
· Powers of authority, investment, solvency margin
· Rules relating to assignment and nomination
· Provisions of formation under the Insurance
corporation Act 1973

3. THE INSOLVENCY ACT-1997
· Purposes of the law of bankruptcy
· Who may or may not be adjudged as insolvent or
bankrupt under this Act
· Who declares
· Who may not be declared as bankrupt
· Exempted property as per Section 32
· The Acts of insolvency
· Order of adjudication with its effect
· Types of debt...get priority in distribution
INFORMATION AND COM. TECHNOLOGY ACT-2006
· Objectives of the Act
· Scope of the Act
· Penalties and adjudication
· Duties of the subscribers
· Issues not covered in this Act
SELECTED BOOK FOR REVIEW
Current Status and Evolution of Industrial Relations
System in Bangladesh; By Dr. Abdullah Faruque.
· Bangladesh labour Act, 2006: A critical appraisal
· Trade unions in the public sector
· Problems of trade union in Bangladesh
· Legal framework for wage and minimum wage
· Right to strike or lock-out
· Dispute settlement process in Bangladesh
· Recommendations to strengthen the industrial
relations system of Bangladesh
ARTICLES REVIEW
· Objectives of the study
· Research methodology
· Key findings
· Recommendations
9.0 Consultation Hour: Regarding the course you are
allowed to consult half an hour before or after the
scheduled lecture session. In case of my physical
absence you are requested to send an e-mail to
mahamid.biz@gmail.com. But calling over phone is NOT
expected on this issue. For information (e.g. class,
assignment, or class test) at first talk to your class
representative. He should have information or
clarification of your queries. Finally, I expect your full
and sincere cooperation to chase the schedule.
RECOMMENDED MATERIALS
As-Saber, S. N., Srivastava, A., & Hossain, K. (2006).
Information technology law and e-governance: A
developing country perspective. JOAAG, 84-101.
Bangladesh National Parliament. (2006). Information &
Communication Technology Act-2006. Dhaka:
Government of Bangladesh.
Faruque, D. A. (2009). Current Status and Evolution of
Industrial Relations System in Bangladesh (1st
ed.). India: International Labour Organization.
Ghosh, S. K., Khabir, M. L., & Islam, M. T. (2010).
Predicting labour unrest through the lenses of
theory of planned behavior: Cases from BEPZA.
BRAC University Journal, VII(1 & 2), 23-32.
Hossain, D. A. (2000). Economic Policy Paper on
Consumer Protection Laws. Dhaka: The Dhaka
Chamber of Commerce and Industry & The
Center for International Private Enterprise.
Ministry of Commerce. (1995). The Companies Act
(Bangladesh), 1994. Published by Notification No.
SRO. 177-law dated 1-10-95, Dhaka.
Ministry of Industries. (2008). Draft Industrial Policy,
2009. Published by concerned ministry, (pp.
1-32).
Sheth, T. (2012). Business Law (First edition). New Delhi:
Dorling Kindersley (India) Pvt. Ltd.
The Institute of Chartered Accountants of Bangladesh.
(2011). Bank Companies Act, 1991 (Amended up
to 2003). In Study Manual (pp. 143-163). Dhaka.
The Institute of Chartered Accountants of Bangladesh.
(2011). The Insurance Act 2010. In Study Manual
(pp. 171-208). Dhaka.
Md. Abdul Hamid BBBBBBBBAAAA & MMMMBBBBAAAA (Marketing, RU), MMMM....SSSScccc....
(European Tourism Management, Denmark-Slovenia-Spain)
Associate Professor
Department of Business Administration
Shahjalal University of Science and Technology
Sylhet – 3114, Bangladesh. Cell: 01716 - 439408
E-mail: mahamid.biz@gmail.com