NIMS University, Jaipur
- Fees: ₹ 40000
Commercial Law Course Details - Fees, Subjects, Syllabus, Duration, Eligibility, Career Scope
Degrees offered: L.L.M, L.L.B, Diploma, B.A., B.Com.L.L.B
What is Commercial Law
Commercial Law is an academic programme designed to provide knowledge on the legal aspects of conducting and managing a business. A Commercial Law course focuses on how the laws are undertaken in business and how it is used. The main objective of this course is to teach students how the law is handled and what is covered in the subject and how it is used under certain circumstances. Individuals who have a keen interest in learning about business laws and regulations can take Commercial Law courses.
Commercial Law is a sub-discipline of Law and many courses are offered in Commercial Law, including LLM Commercial Law, LLM Corporate and Commercial Law, Diploma in Business Law, and certificate courses in specific areas of Business Law. Pursuing a Commercial Law course provides students with a wide range of career opportunities by giving them a deep knowledge of trade and business law. After completion, graduates can find careers as Corporate Lawyers, Legal Researchers, and others.
Highlights: Commercial Law
| Particulars | Values |
|---|---|
Degree Name | Commercial Law |
Duration | UG: 5 years PG: 2 years |
Eligibility Criteria | UG: 10+2 PG: Bachelor’s Degree |
Admission Process | Entrance, Examination/ Direct Admissions |
Top Entrance Exams | CLAT, AILET, SLAT, CLAT PG |
Average Course Fees | Rs 29,086- Rs 1.80 Lakhs |
Top Colleges | MNLU Mumbai, NLU Odisha, Pondicherry University, Shivaji University, Gondwana University |
Career Options | Commercial Lawyer, Corporate Lawyer, Legal Counsel, Government Lawyers, Legal Analysts, Civil Judge, Enforcement Officer, Legal Researchers, Legal Advisors |
Average Salary | Rs 8.2 LPA ( for Commercial Lawyer) |
Recruiting Companies | Khaitan & Co, S&R Associates, Luthra and Luthra Law Offices, J Sagar Associates |
Top Commercial Law Colleges in India
Commercial Law and related courses are offered by many institutes in India both private and public. The admissions to these institutes will be either based on the entrance examination or direct admission based on the past performance. In the table below we have listed the top colleges offering Commercial Law courses in India.
| Colleges | Fees |
|---|---|
Rs 1.80 Lakhs | |
Rs 40,000 | |
Rs 1.31 Lakhs | |
Rs 1.10 Lakhs | |
Rs 90,000 | |
Rs 29,086 | |
Rs 1.52 Lakhs | |
Rs 1.46 Lakhs | |
- | |
- |
Top Private Commercial Law colleges in India
Private institutes are known to provide state-of-the-art amenities along with quality education. In the table below we have mentioned the top private colleges offering Commercial Law courses.
| Colleges | Fees |
|---|---|
Sharda University, Greater Noida | Rs 1.80 Lakhs |
NIMS University, Jaipur | Rs 40,000 |
Mody University, Lakshmangarh | Rs 1.31 Lakhs |
Shobhit University, Meerut | Rs 1.10 Lakhs |
Mewar University, Chittorgarh | Rs 90,000 |
Top Government Commercial Law colleges in India
Commercial Law colleges are offered by many government institutes in India. They are known to provide quality education at an affordable fee. In the table below, we have mentioned the top government institutes offering Commercial Law courses in India.
| Colleges | Fees |
|---|---|
Pondicherry University, Puducherry | Rs 29,086 |
NLU Odisha | Rs 1.52 Lakhs |
NLU Visakhapatnam | Rs 1.46 Lakhs |
Gulbarga University, Gulbarga | - |
Government Law College, Ernakulam | - |
Specialisation or Similar Ones
Commercial Law is also known as Business Law and is an extensive field of Law that governs all aspects of business transactions and consumer transactions. It includes various legal disciplines such as Contract Law, Tort Law, Property Law, IPR. Some of the specialisation of Commercial Law are:
Corporate and Commercial Law
International Commercial Law
Consumer Protection Law
Business Law
In the table below, we have mentioned the degree programme along with the specialisations in the field of Commercial Law.
LLM Business Law | LLM Commercial Arbitration |
MA Diplomacy, Law and Business | LLM Corporate and Commercial Law |
Diploma in Consumer Protection Law | Diploma in Commercial and Computer Practice |
Eligibility Criteria (UG & PG) of Commercial Law
The eligibility criteria for Commercial Law courses may vary depending on the level of the course and the college offering it. For an undergraduate course, the candidates are required to clear their 10+2 examination with an aggregate score of 50 per cent. For a postgraduate course, the candidates must have a Bachelor’s degree in any field of Law with a percentage specified by the chosen institute to be eligible for the admissions. We have mentioned below the eligibility criteria for Commercial Law courses at the undergraduate and postgraduate levels.
Eligibility Criteria for UG Courses
Candidates aspiring to pursue Commercial Law course at undergraduate level must check the eligibility criteria of the course before applying for the admissions. To be eligible for the undergraduate admissions to the Commercial Law course, they need to complete their 10+2 with a minimum aggregate score of 50 per cent. Mentioned below is the general eligibility criteria for the undergraduate course in Commercial Law.
The minimum academic qualification required for a UG course in Commercial Law is 10+2 examination or equivalent.
Students must score a minimum aggregate of 50 per cent in the qualifying examination to qualify for the admissions.
Some colleges conduct entrance examinations for their UG courses, while others provide direct admissions based on past academic performance.
Top Entrance Examinations for UG Courses
CLAT- Common-Law Admission Test (CLAT) is an entrance test in the area of law that is conducted by the National Law University at a national level in India. It is an offline examination and is widely accepted in most law institutions and colleges.
LSAT- LSAT is an Indian national level law entrance exam, conducted by the law school admission council. The mode of exam is online and counselling is done offline.
AILET- AILET or All India Law Entrance Test is a national level entrance examination conducted by the National Law School, Delhi. AILET exam offers 110 BA LLB courses and 70 LLM seats.
MH CET - Maharashtra Common Entrance Test is a state level entrance examination for law courses conducted by Directorate of Higher Education Mumbai for admission in the law colleges across Maharashtra.
Eligibility Criteria for PG Courses
If the individual wishes to pursue the course as a Postgraduate degree, then he/she must hold an LLB degree from a recognized board. They must also meet minimum eligibility criteria, which may differ based on the chosen institute. Mentioned below is the eligibility criteria for the postgraduate courses in the field of Commercial Law.
Candidates must have a Bachelor’s degree in the field of Law with a valid aggregate score of at least 50 per cent.
They must clear the entrance examination specified by the desired institute for the admissions and also meet the cut-off to be eligible for the admissions.
Top Entrance Examinations for PG Courses
CLAT PG- CLAT PG or Common-Law Admission Test Post Graduate is conducted by the National Law University. It is a national level entrance test in the area of law which. CLAT PG is conducted in the offline examination and recognised by most of the law institutions and colleges.
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Scope of Commercial Law in India and Abroad
The scope of Commercial Law courses is tremendous not only in India but abroad as well. The need for professionals in this field is increasing on a daily basis. It explores opportunities as legal officers in this field. The course of Commercial Law has a huge scope giving career opportunities to the individuals in the field. They are further hired in various organisations like KPO, LPO. The scope of this field keeps expanding with more and more business firms coming up. With the advancement in technology and the rise in the number of businesses, the need for commercial lawyers is increasing day-by-day. It is very important for the students to understand the importance of Law used to govern business.
Pursuing a course in Commercial Law gives students the opportunity to learn about new businesses and how to govern them through the use of Law. After the successful completion of this course, the individuals are hired as Legal Counselor, Business Lawyer, Commercial Lawyer, etc.
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Course Fees Commercial Law
| Minimum Fees | Maximum Fees | |||
|---|---|---|---|---|
| Private | Government | Private | Government | |
| UG |
28.00 K
Diploma in Commercial Law at Sardar Patel Subharti Institute of Law, Meerut
|
3.48 K
Diploma in Commercial Law at Government Womens Polytechnic, Gulbarga
|
15.40 Lakhs
B.Com.L.L.B in Commercial Law at Amity College of Commerce and Finance, Noida
|
1.73 Lakhs
B.A. in Commercial Law at Dr BR Ambedkar University, Karampura Campus, Delhi
|
| PG |
40.00 K
L.L.M in Commercial Law at NIMS University, Jaipur
|
---
Data not available
|
3.00 Lakhs
L.L.M in Commercial Law at Alliance School of Law, Bangalore
|
1.75 Lakhs
L.L.M in Commercial Law at University School of Law and Legal Studies, New Delhi
|
| DIPLOMA |
---
Data not available
|
9.00 K
M.Sc. in Commercial Law at Manonmaniam Sundaranar University, Tirunelveli
|
---
Data not available
|
9.00 K
M.Sc. in Commercial Law at Manonmaniam Sundaranar University, Tirunelveli
|
Course Subjects
The course subjects for Commercial Law give the students a broad understanding of the subject and make sure they get the required knowledge. The course includes subjects that enhance the understanding and makes the student better in the subject. The subjects include the subjects that focus more on Law and its understanding.
Commercial Law Syllabus for UG Courses
Commercial Law as a specialisation is not offered at undergraduate level, but some of the subjects are offered in BBA LLB courses that are related to Commercial Law. Some of the subjects offered are:
Foreign Trade Policies | Banking and Finance Law |
Philosophy of Law | E-Commerce |
Corporate Legal Framework | Insurance Law |
Research Work | Capital Market Laws |
Commercial Law Syllabus for PG Courses
The syllabus for Commercial Law at postgraduate level depends on the institute, but the core subjects remain the same for every institute. In the table below, we have mentioned the syllabus of Mumbai University for their LLM Commercial Law course.
Semester- I | |
Law and Social Transformation in India | Legal Research and Methodology |
Legal Framework of Corporate Management and Financial Regulation | Laws Regulating Economic Enterprises in India |
Semester- II | |
Indian Constitutional Law: New Challenges | Legal Theory |
International Trade Law and Development | Laws Regulating Electronic Commerce and Cyber Security |
Semester- III | |
Laws of Taxation | Competition Law |
Practical Training: Skill Enhancement | Consumer Protection Laws |
Semester- IV | |
Judicial Process | Insurance Law |
Dissertation | - |
Careers in Commercial Law
The law professionals have plenty of career options. After the successful completion of the course, there is a wide scope of career opportunities where the individual can apply. The career opportunities in the field of Commercial Law are based on the candidate’s performance.
| Job Profile | Job Description |
|---|---|
Legal Officer | A Legal Officer is a professional who looks after the cases and takes action on them. He/she has to ensure that the legal action taken is best for their client. They are also responsible for monitoring and giving advice to their clients. |
The Legal Advisors are professionals who look after the case and give them advice in order to take legal action. They have to prepare documents, and also provide legal support. They also have to look after the contract between the vendors and the one who is doing business. | |
Commercial Lawyers | Commercial Lawyers are professionals who deal with business matters and also look after commercial matters. They have to assist in transactions, documents, etc. |
Legal Researcher | A Legal Researcher is responsible for looking after the research that is done. He/she has to undertake the aspects of Law and do in-depth research regarding the same. The main focus is to learn about certain areas of Law. |
Legal Assistant | The Legal Assistant is responsible for assisting the higher lawyer in assisting the documents, gathering information, etc. They also help the lawyers with the trial. |
Upcoming trends
The field of Commercial Law is constantly evolving, with new trends emerging that are reshaping the landscape. Since the COVID-19 outbreak, the number of cases regarding legal issues is increasing day by day. With the advancement in technology, legal solutions are digitised. Everything is getting digitised, the workshops regarding legal practices are happening online, giving a scope to individuals in Commercial Law. Mentioned below are some recent innovations in the Commercial Law field.
- Going Paperless
- Legal Tech
- Social Media
- Legal Process Outsourcing
- Security
Job Profiles and Top Recruiters
Commercial Law is one of the professions that is never going to stop and is going to keep growing. After the successful completion of this course, there are many career opportunities in this field. The graduates can work in Law Firms, Corporate, In- house Counsel, and Private Companies. Mentioned below are the top recruiters:
Amarchand and Managaldas | DSK Legal |
Anand and Anand | Phoenix Legal |
AZB and Partners | Khaitan and Co |
Luthra and Luthra Law Offices | Desia and Diwanji |
Average Salary
The average salary after graduating in a Commercial Law course depends on the experience of the candidate, designation, skills and location of the company. Some of the job profiles and salary package are as follows:
| Job Profile | Average Salary |
|---|---|
Legal Officer | Rs. 3.5 LPA |
Legal Researcher | Rs. 5.6 LPA |
Legal Assistant | Rs. 2.7 LPA |
Corporate Lawyer | Rs. 5.9 LPA |
Legal Advisor | Rs. 5.6 LPA |
**The salary figures mentioned anywhere in this article is just for reference purposes. Actual salaries may vary depending on the job location, experience, skills and job profile.
Required Skillset for Commercial Law
Every professional needs some required skills in order to get the best outcome. These skills will help the candidate do well academically as well as professionally in their careers. The candidates must possess certain skill sets in order to perform better at their job. Some of the required skill sets for Commercial Law are:
Analytical Ability | Attention to Detail |
Sound Judgement | Persuasiveness |
Course Curriculum for Commercial Law
Law is altogether a subject that deals with understanding the legal procedures, Law and justice, etc. The Commercial Law course’s main focus is to look after the operation of commercial Law in both international and national business. Some of the course curriculum for Commercial Law includes:
- Foreign trade policies
- Banking and Finance Law
- Philosophy of Law
- E-commerce
- Corporate legal framework
Popular Commercial Law Entrance Exams in India
Popular Commercial Law Colleges in India VIEW ALL
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Sharda University
- Fees: ₹ 180000
MNLU Mumbai
- Fees: ₹ 110000
- Exams: CLAT PG
Pondicherry University
- Fees: ₹ 29859
Frequently Asked Questions (FAQs)
Question: What is the average salary of a Commercial Law graduate?
Answer :
The salary after completing a course in the field of Commercial Law depends on the location of the company, job profile, and the experience and skills of the candidate. The average fees for a Commercial Lawyer in India is Rs 8.2 LPA.
Question: What is the average fee for Commercial Law course?
Answer :
The fee depends on many factors such as the level of education, type of institute and location of the institute. Generally, private institute is more expensive than a government institute. The average fees ranges from Rs 29,086- Rs 1.80 Lakhs,
Question: What are the top colleges offering Commercial Law courses?
Answer :
There are many institutes both private and public, offering Commercial Law courses in various degrees. Some of the top institutes are MNLU Mumbai, NLU Odisha, Pondicherry University, Shivaji University, and Gondwana University.
Question: Is there any specific entrance exam to secure admission in Commercial Law?
Answer :
There are specific entrance examinations that are required to be given by the candidate in universities. Some of the entrance examinations are CLAT, LLM (CLAT PG), GATE, etc. The entrance examinations are national-level examinations to give admissions in the national universities. It is important for the candidate to qualify the examination to get admission in the top universities that offer the law courses.
Question: Is Commercial Law a difficult course?
Answer :
The subjects in Commercial Law are quite difficult to understand, but it depends on the individual on how their understanding of the subject. The area of Law is challenging and needs time and effort in the career. There is nothing such as tough or easy; it depends on the individual how he/she studies the subjects in order to get better at it.
Question: What are the various job profiles after completing this course?
Answer :
After the successful completion of this course, there are zillions of career opportunities and opens the door to a wide range of jobs such as Legal Advisor, Corporate Lawyer, Civil Judge, Enforcement Officer, etc. It is very important for the individual to understand the Law and also the subjects in order to enhance their skills and get a broad understanding of the course.
Question: What does Commercial Law deal with?
Answer :
The Commercial Law deals with the Indian Contract Act, that includes the general principles of Law and the contracts between customers and businesses. It is very important to study Commercial Law so as to understand the various aspects of Law and how it is used in businesses.
Question: Why is Commercial Law so important?
Answer :
Commercial Law is important because that Law governs the businesses. It helps to look after the trade between business and consumers. The Law is designed to look after the trade between businesses and the consumers by following a certain set of rules.
Question: What is the basic eligibility criteria for securing admission in Commercial Law?
Answer :
The basic eligibility criteria for Undergraduates is 10+2 pass with a minimum aggregate of 50% marks or equivalent. If the individual wishes to pursue the course as a Postgraduate degree, then he/she must hold an LLB degree from a recognized board. There are certain universities that conduct entrance examinations.
Question: What is Commercial Law, and what are the subjects covered in this field?
Answer :
Commercial Law is a course that deals with the Law that is required in businesses. The Law deals with supporting businesses in making money for their products and services. Commercial Law is a subject that deals with Business Law. The course focuses on teaching students the way business firms enter certain contracts and how work is done by them.
The subjects covered in this field are Insurance Laws, Research Work, Economic tribunals, Capital market laws, Free trade agreements, and others.
Questions related to Commercial Law
Showing 17 out of 17 Questions
21 Views
what is the syllabus of commercial law for b.com e commerce 3 sem?
28th Jan, 2022
Hello
Hope you are doing fine!
Please specify the college you are studying in so that we can help you better,
Generally the syllabus for third semester includes the following subjects:
The practice of General Insurance.
Cost Accounting.
Business Law.
Banking Theory and Practice.
Auditing.
Computerized Accounting.
Accounting Standards.
Answer later 66 Views
what is commercial law and what are the opportunities in the company side
20th May, 2021
Hello candidate,
Let me first help you out with the definition of commercial law- Commercial Law can be referred as the the body of legislation that applies to the rights, relations, and conduct of persons and business engaged in commerce, merchandising, trade, and sales.
Since as the term suggests, there is an ocean of opportunities available for your such as you can be a business lawyer, corporate lawyer, and like that.
Good Luck!
78 Views
which is best in llm does business law or corporate law or commercial law
18th May, 2021
Here are some of the best LLM colleges for corporate Law in India:
University School of Law and Legal Studies, New Delhi
NLU Jodhpur - National Law University
ULC Bangalore - University Law College New Law College Bangalore University
To know more LLM Corporate law colleges visit the link below:
https://law.careers360.com/colleges/list-of-llm-in-corporate-law-colleges-in-india
For LLM Business Law some of the best colleges:
Government Law College, Coimbatore
SLS Noida - Symbiosis Law School
SLS Pune - Symbiosis Law School
I hope this answer helps. All the very best for your future endeavors!
72 Views
best colleges for commercial law in India
12th Jan, 2020
Kushagra, some commercial law colleges in India have been listed here:
- Maharashtra National Law University, Mumbai
- University School of Law and Legal Studies, New Delhi
- National Law University, Cuttack
- Manikchand Pahade Law College, Aurangabad
- Kirit P Mehta School of Law, Mumbai
- Damodaram Sanjivayya National Law University, Visakhapatnam
- CRM University School of Legal Studies, Bangalore
For more details on the fee structure, courses, admission process, etc you can visit the given link: https://law.careers360.com/colleges/list-of-commercial-law-colleges-in-india?sort=popularity&page=1
72 Views
best colleges for commercial law in India
12th Jan, 2020
Kushagra, some commercial law colleges in India have been listed here:
- Maharashtra National Law University, Mumbai
- University School of Law and Legal Studies, New Delhi
- National Law University, Cuttack
- Manikchand Pahade Law College, Aurangabad
- Kirit P Mehta School of Law, Mumbai
- Damodaram Sanjivayya National Law University, Visakhapatnam
- CRM University School of Legal Studies, Bangalore
For more details on the fee structure, courses, admission process, etc you can visit the given link: https://law.careers360.com/colleges/list-of-commercial-law-colleges-in-india?sort=popularity&page=1
