Corporate Laws

Paper Code: 
FSG 313
Credits: 
03
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: 
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.(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 (Definition &Features)• Dormant Company • Small Company • Government companies • Foreign companies • Holding and subsidiary company

9.00
Unit III: 
UNIT IIII

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 (as per the Companies Act,2013)

Essential Readings: 

1. Majumdar, A. K. and Kapoor, G. K., Student’s guide to Company Law, Taxmann Publications (P) Ltd., New Delhi
2. Singh, Avtar, Indian Company Law, Eastern Book Company

References: 

1. Nolakha, R.L., Company Law, Ramesh Book Depot, Jaipur
2. Kuchhal, MC, Company Law and Secretarial Practice, Vikas Publishing House, New Delhi
3. Krishnamurti, D.S.R., Company Law, Taxmann, New Delhi

Academic Year: 
2019-2020
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