COMPANY LAW

Paper Code: 
COM 303
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

Course Outcomes

 

Learning and teaching strategies

Assessment Strategies

On completion of this course, the students will be able to:

  1. CO 93: To create an insight about the fundamental concept and basic features of the Company form of Business in India

CO 94: 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 95: To analyze the mandatory documents required for a valid company, such as Memorandum of Association, Articles of Association, Prospectus etc.

CO 96: 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 97: 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
Unit III: 

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

  • MoA- (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, 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:

 

JOURNALS

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

 

 

Academic Year: 
2022-2023
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