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

CO 91 To create an insight about the fundamental concept  and basic features  of the Company form of Business in India

CO 92 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 93 To analyze  the mandatory documents required for a valid company, such as Memorandum of Association, Articles of Association, Prospectus etc.

CO 94 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 95 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: 

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

9.00
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

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: 

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: 

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
References: 
  • 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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