Emergence of chaos and complex behavior in real and physical systems has been discussed within the framework of nonlinear dynamical systems. The problems investigated include complexity of Child’s swing dynamics , chaotic neuronal dynamics (FHN model), complex Food-web dynamics, Financial model (involving interest rate, investment demand and price index) etc. Proper numerical simulations have been carried out to unravel the complex dynamics of these systems and significant results obtained are displayed through tables and various plots like bifurcations, attractors, Lyapunov exponents, topological entropies, correlation dimensions, recurrence plots etc. The significance of artificial neural network (ANN) framework for time series generation of some dynamical system is suggested.