Company Law

Paper Code: 
COM 303
Credits: 
03
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

Course Objectives:

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 Outcome(COs):

Course

Learning Outcome

 (at course level)

Learning and teaching strategies

Assessment Strategies

Paper Code

Paper Title

COM 303

Company Law
  1. CO 85: To create an insight about the fundamental concept and basic features of the Company form of Business in India

CO 86: To create a learning about the Procedure and know-how’s of registering a Company in both Public as well as Private format in India

CO 87: To analyze the mandatory documents required for a valid company, such as Memorandum of Association, Articles of Association, Prospectus etc.

CO 88: To create and Understanding the Instruments of Finance Raising used by any Company such as Shares & Debentures and the basic provisions relating to them.

CO 89: To  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: 
UNIT I

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

9.00
Unit II: 
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: 
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: 
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: 
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
• Kuchhal, MC, Company Law and Secretarial Practice, Vikas Publishing House, New Delhi
• Krishnamurti, D.S.R., Company Law, Taxmann, New Delhi

Academic Year: 
2021-2022
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