Corporate Laws

Paper Code: 
FSG 313
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

The Course aims at providing knowledge of the Indian Companies Act, 1956, the regulatory framework governing the functioning of companies in India.

9.00
Unit I: 
Company

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

9.00
Unit II: 
Classification of companies.(as per Companies Act 2013)

Public company
Private company(Definition, characteristics,
Privileges and concessions to private companies (as per Companies Act, 2013)
One-person Company
Dormant Company
Small Company
Government company
Foreign company
Holding and subsidiary company

9.00
Unit III: 
Incorporation and formation of a company

Promoters-functions, duties and liabilities, methods of remuneration (as per Companies Act,2013) Concepts of shares, Types of shares (Equity shares, Preference shares), debentures, Types of debentures.

7.00
Unit IV: 
Memorandum of Association

Memorandum of Association, Articles of Association(as per Companies Act,2013),
Prospectus (as per Companies Act,2013), Statement in lieu of prospectus

11.00
Unit V: 
Membership in a company

Membership in a company, difference between a member and shareholder, contributory (Definition), Winding up of Company (as per the Companies Act,2013)

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

References: 

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: 
2015-2016
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