Company law

Paper Code: 
COM 303
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

Course Objectives:

This course will enable the students to-

The objective of this course is to provide knowledge of the Indian Companies Act, the regulatory framework governing the functioning of companies in India

Course Outcomes (COs):

 

Course

Learning outcome

 (at course level)

Learning and teaching strategies

Assessment Strategies

Paper Code

Paper Title

Com 303

Company law

CLO79  Understand the fundamental concept  and basic features  of the Company form of Business in India

CLO80  Describe the Procedure and know-how’s  of registering a Company in both Public as well as Private format in India

CLO81  Learn about the mandatory documents required for a valid company, such as Memorandum of Association, Articles of Association, Prospectus etc.

CLO82  Understand the Instruments of Finance Raising used by any Company such as Shares & Debentures and the basic provisions relating to them.

CLO83  Learn the modes and procedure of Winding Up of any Company.

Class room Lecture (Theory/ Using Powerpoint Presentation) /Discussions using Leading Case laws/

 

Role Play activities/ Moot Court/Group Discussions/ Class presentation 

Class participation, tutorial assignments and presentations, class tests, C A Test, Semester End Exams.

 

 

9.00
Unit I: 
Company

Definition and essential characteristics. Lifting of corporate veil- under statutory provisions and under judicial interpretations.

9.00
Unit II: 
Classification of companies

Public company • Private company, Definition, characteristics, Privileges and concessions to private companies • One-person Company (Definition &Features)• Dormant Company • Small Company • Government companies • Foreign companies • Holding and subsidiary company

9.00
Unit III: 
Incorporation and formation of a company

Promoters-functions, duties and liabilities, Concepts of shares, Types of shares (Equity shares, Preference shares), debentures, Types of debentures

9.00
Unit IV: 
Memorandum of Association

(Definition, Clauses), Articles of Association , Prospectus: Definition, Contents, Provisions regarding issue of Prospectus, kinds of Prospectus (Abridged Prospectus, Shelf Prospectus, Deemed Prospectus, Information Memorandum, Red-Herring Prospectus), Statement in lieu of prospectus

9.00
Unit V: 
Membership in a company

Difference between a member and shareholder, contributory (Definition), Winding up of Company

Essential Readings: 

• Majumdar, A. K. and Kapoor, G. K., Student’s guide to Company Law, Taxmann Publications (P) Ltd., New Delhi
• Singh, Avtar, Indian Company Law, Eastern Book Company
• Nolakha, R.L., Company Law, Ramesh Book Depot, Jaipur
• Mathew, M.J., Company Law, RBSA Publishers, Jaipur
• Krishnamurti, D.S.R., Company Law, Taxmann, New Delhi, 2007

Academic Year: 
2020-2021
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