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COMPANY LAW
COURSE OUTCOME(COS):
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Course Outcomes |
Learning and teaching strategies |
Assessment Strategies |
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CO 82: 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 83: 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 84: To Examine secretarial functions relating to share allotment, forfeiture, transfer and transmission. Students will discover provisions relating to dividend and its distribution. CO 85: ToExplore 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.
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Unit I: Introduction to Company- 12 hrs
• 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
• 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
• 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
• 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
• 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
• 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
• 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
