In this work, a number of simple examples have been included to illustrate and reinforce understanding of the relevant legal provisions. Latest cases of law, Indian as well as International, have been given in a manner so that a business law student ought to learn and present these in the examinations. This edition includes: an updated treatment of the Companies Act including the amended provisions as a result of Companies (Amendment) Act, 2002 as well as Companies (Amendment) Act, 2006; SEBI Guidelines as amended till July, 2007; and, latest Case Law on Contracts, Negotiable Instruments and Company Law.