BOOK REVIEW
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Oct 11 - 17, 2004
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Book: MERCANTILE & INDUSTRIAL LAWS OF PAKISTAN. Author: Prof. Dr. Khawaja Amjad Saeed, Principal, Hailey College of Banking & Finance, University of the Punjab, Lahore. Edition: Revised and updated 2004. Price: Rs. 150. Published by: Institute of Business Management, P. O. Box 1164 Lahore.

 

Today's world is growing in terms of "Corporate World". Businesses are governed by regulations, rules and laws extending to several dimensions. While Courts interpret these in relation to specific cases, business executives, students pursuing studies in commerce, business, banking and financial world ought to comprehend the salient features of "Mercantile and Industrial Laws". To facilitate this understanding, Prof. Dr. Khawaja Amjad Saeed, currently serving as Principal, Hailey College of Banking & Finance, University of the Punjab, Lahore, has revised and updated his book entitled "Mercantile & Industrial Laws of Pakistanl."

New edition also includes executive summary of the Industrial Relations Ordinance, 2002 together with salient features of the above Ordinance. Main contents of the book include salient features of the following eight (8) important laws governing Mercantile Laws:

1‑ Law of Contract, (1872).

2‑ Law governing Indemnity, Bailment and Agency, (1872).

3‑ Law governing Sale of Goods Acts, (1930).

4- Law governing Partnership, (1932).

5‑ Law governing Negotiable Instruments Act, (1881).

6‑ Arbitration.

7‑ Insolvency Laws.

8‑ Law governing Carriage of Goods.

Moreover, our industrial sector is growing and by now we have 59 Industrial Laws in Pakistan. Eight (8) significant laws have been identified and the problems of improving the industrial relations and related issues have been identified

Salient features of the law governing the following have been included in the book:

1‑ Workmen's Compensation Act, 1923.

2‑ Factories Acts, 1934.

3‑ Payment of Wages Act, 1936.

4- Social Security Ordinance, 1965.

5‑ Industrial & Commercial Employment (Standing Orders) Ordinance, 1968.

6‑ Companies Profit (Workers' Participation) Act, 1968.

 

7‑ Industrial Relations Ordinance, 2002.

8‑ Employees' Old Age Benefits Act, 1976.

The book will serve various readers i.e. business executives, members of various

professional institutes, students pursuing Master/Doctoral level courses in business/public administration, commerce, banking, industry and related fields.

The author deserves full congratulations on his splendid effort and it is hoped

that he will continue his dedicated work with zeal and vigour. We wish him to continue his noble effort.