Corporate Laws

Paper Code: 
24EFSG415
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

This Course will enable students to comprehensively understand and making appreciation of corporate governance, structures, and protocols, including company laws, types, memoranda, articles, prospectuses, meetings, and committees.

Course Outcomes: 

Course

Learning Outcomes

(at course level)

Learning and teaching strategies

Assessment Strategies

Course

Code

Course title

 

 

 

 

 

 

 

 

 

 

24EFSG 415

 

 

 

 

 

 

 

 

 

 

Corporate Laws

(Theory)

CO133: Create an insight about the fundamental concept and various features of the Company form of Business.

CO134: Comprehend the procedure of registering and winding- up of  a Company and appropriately use the basic legal documents essential for operations and management of company.         CO135: Analyze various administrative positions in Indian companies .

CO136: Examine secretarial functions relating to share allotment, forfeiture, transfer and transmission, as well as payment of dividend. CO137:  Explore different type of company meetings and provisions required for them. 

CO138: Contribute effectively in course-specific interaction

 

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

 

Learning activities for the students:

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

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

 
 
10.00
Unit I: 
Introduction to Company

• Definition and essential characteristics.
• Lifting of corporate veil- under statutory provisions and under judicial interpretations.
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
• Section 8 Company

8.00
Unit II: 
Incorporation and formation of a company

• Registration Procedure, Promoters-functions, duties and liabilities
• Memorandum of Association- (Definition, Clauses)
• Articles of Association- (Definition, Provisions)
• Prospectus: Definition, Contents, Provisions regarding issue of Prospectus,
• Concepts of shares, Types of shares (Equity shares, Preference shares),
• Debentures, Types of debentures
• Winding Up of Company

9.00
Unit III: 
Company Management

• Key managerial personnel, Directors, Board of Directors, Powers, Liabilities, Appointment and Removal of Company Directors.
Company Secretary
• Position in company, importance, liabilities, Duties of company secretary.

9.00
Unit IV: 
Secretarial functions with regards to

• Allotment of shares
• Forfeiture and reissue of forfeited shares
• Payment of dividend
• Transfer and Transmission of shares

9.00
Unit V: 
Provision relating to Company Meetings

• Company meetings (Annual General Meeting, Extraordinary General Meeting)
• Basic Provisions relating to -Resolutions, Notices, Agenda, Quorum, Minutes, Proxy

Essential Readings: 

• Majumdar, A. K. and Kapoor, G. K., Student’s guide to Company Law. Taxmann Publications (P) Ltd., New Delhi
• Singh, A. Indian Company Law. Eastern Book Company
• Nolakha, R.L., Company Law. Ramesh Book Depot, Jaipur

References: 

• Datey, V.S., Business and Corporate Laws, Taxmann Allied Services Pvt. Ltd., NewDelhi.
• Kuchhal, MC, Company Law and Secretarial Practice, Vikas Publishing House, New Delhi
• Krishnamurti, D.S.R., Company Law, Taxmann, New Delhi

e- Resources:
• ICSI executive level study material - https://www.icsi.edu/media/webmodules/23112021_Company_Law.pdf
• ICAI intermediate level study material
https://www.icai.org/post.html?post_id=16944

Journals:
• The Indian Journal of Commerce
• IUP Journal of Corporate Governance

Academic Year: 
2024-2025
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