Company Law

Paper Code: 
25CBSG402
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

This course will enable the students to instil comprehensive understanding and appreciation of corporate governance, structures, and protocols, including company laws, types, memoranda, articles, prospectuses, meetings, and committees.

Course Outcomes: 

Course

Learning Outcome

(at course level)

Learning and teaching strategies

Assessment Strategies

Course Code

Course Title

25CBSG402

Company Law

(Theory)

 

 

CO97: Create an insight about the fundamental concept and basic features of the Company form of Business.

CO98: Determine the Procedure and know-how’s of registering a Company in India also to comprehend and appropriately use the basic legal documents essential for operations and management of company.

CO99: Analyze various administrative positions in Indian companies and provisions related to them

CO100: Examine various secretarial functions and to discover provisions relating to them, also to Explore about different type of company meetings and provisions required for holding a valid company meeting.

CO101: Apply provisions of the Companies Act, including Corporate Social Responsibility (CSR), shareholder democracy, and committee functionalities, fostering corporate governance and compliance.

CO102: Contribute effectively in course-specific interaction

Approach in teaching: Class room Lecture (Theory/ Using Power Point 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 Company

· Foreign Company

· 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

· Declaration and 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- Case study on CSR

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: 

SUGGESTED READINGS

· 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

 

REFERENCE JOURNALS

· The Indian Journal of Commerce

· IUP Journal of Corporate Governance

Academic Year: 
2025-2026
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