COMPANY LAW

Paper Code: 
CBSG 402
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

COURSE OUTCOME(COS):

 

Course Outcomes

Learning and teaching strategies

Assessment Strategies

  
 
  1. CO 01: To create an insight about the fundamental concept and basic features of the Company form of Business in India

CO 02: 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 also to comprehend and appropriately use the basic legal documents essential for operations and management of company.

CO 03: To Analyze various administrative positions in Indian companies and provisions related to them also to Discover different provisions related to the company secretary described in companies Act. 

CO 04: To Examine secretarial functions relating to share allotment, forfeiture, transfer and transmission. Students will discover provisions relating to dividend and its distribution. 

CO 05: To Explore about different type of company meetings and provisions required for holding a valid company meeting. 

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.

 

  
 

 

12.00
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

          Practical- Case Discussion on Lifting of corporate veil

12.00
Unit II: 
Incorporation and formation of a company:
  • Registration Procedure, Promoters-functions, duties and liabilities
  • 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
  • Concepts of shares,
  • Types of shares (Equity shares, Preference shares),
  • debentures, Types of debentures
  • Winding Up of Company

 Practical- Drafting of Memorandum of Association

 

12.00
Unit III: 
Membership in a company:
  • Meaning, difference between a member and shareholder

           Definition and Provisions relating to:

  • Key managerial personnel, Directors, Board of Directors,Managing Director, Manager, Independent Directors, Woman Directors Position, Powers, Liabilities, Appointment and Removal of Company Directors.

           Company Secretary

  • Position in company, importance, liabilities, Duties of company secretary.

      Practical-Role Play Activity on Relevant Topics

 

12.00
Unit IV: 
Secretarial functions with regards to:
  • Allotment of shares
  • Forfeiture and reissue of forfeited shares
  • Payment of dividend
  • Transfer and Transmission of shares
  • Company meetings (Annual General Meeting, Extraordinary General Meeting)
  • Basic Provisions relating to -Resolutions, Notices, Agenda, Quorum, Minutes, Proxy

      Practical-Role Play Activity on Relevant Topics

 

 

12.00
Unit V: 
Provision relating to:

· Corporate Social Responsibility, Shareholder’s Democracy, Fraud.

      Preliminary introduction of various committees-

                       Audit committee

             ·         Nomination and remuneration committee,

                        Stakeholders relationship committee

                     Corporate Social Responsibility Committee

                    Practical- File Preparation

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

 

 

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:

https://www.icai.org/post.html?post_id=16944

 

JOURNALS

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

 

Academic Year: 
2023-2024
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