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iSTUDY MATERIALFOUNDATION PROGRAMMEBUSINESS ENVIRONMENTAND LAWPAPER 1ICSI House, 22, Institutional Area, Lodi Road, New Delhi 110 003tel 011-4534 1000, 4150 4444fax +91-11-2462 6727email [email protected] www.icsi.edu ii© THE INSTITUTE OF COMPANY SECRETARIES OF INDIATIMING OF HEADQUARTERSMonday to FridayOffice Timings – 9.00 A.M. to 5.30 P.M.Public Dealing TimingsWithout financial transactions – 9.30 A.M. to 5.00 P.M.With financial transactions – 9.30 A.M. to 4.00 P.M.Phones41504444, [email protected]er Typesetting by AArushi Graphics, Prashant Vihar, New Delhi, andPrinted at MP Printers/June 2017ii iiiFOUNDATION PROGRAMME – IMPORTANT NOTEThe study material has been written in lucid and simple language and conscious efforts have been made toexplain business environment, different forms and functions of organizations, basic elements of businessand mercantile laws and concept of entrepreneurship. This study material has been divided into ...