Company Law -I

Paper Code: 
BCS 211
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

To acquire knowledge and develop understanding of the regulatory framework of companies with reference to various provisions of Companies Act and its schedules, rules, notifications, circulars, clarifications there under including case laws and Secretarial standards.

15.00
Unit I: 

Introduction to Company Law :Jurisprudence of Company Law; Meaning, Nature, Features of a company; Judicialacceptance of the company as a separate legal entity; Concept of Corporate Veil, Applicability of Companies Act; Definitionsand Key Concepts.

Shares and Share Capital :Meaning and types of Capital; Concept of issue and allotment; Issue of Share certificates; Further

Issue of Share Capital; Issue of shares on Private and Preferential basis; Rights issue and Bonus Shares; Sweat Equity Sharesand ESOPs; Issue and Redemption of preference shares; Transfer and Transmission of securities; Buyback of securities;

Dematerialization and re-materialization of shares; Reduction of Share Capital.

6.00

Members and Shareholders: How to become a member; Register of Members; Declaration of Beneficial Interest; Rectification

of Register of Members; Rights of Members; Variation of Shareholders’ rights; Shareholders Democracy; Shareholder

Agreement, Subscription Agreements, Veto powers.

Debt Instruments: Issue and redemption of Debentures and Bonds; creation of security; Debenture redemption reserve; debenture trust deed; conversion of debentures into shares; Overview of Company Deposits.

Charges: Creation of Charges; Registration, Modification and Satisfaction of Charges; Register of Charges; Inspection ofcharges; Punishment for contravention; Rectification by Central Government in Register of charges.

Distribution of Profits :Profit and Ascertainment of Divisible Profits; Declaration and Payment of Dividend; Unpaid DividendAccount; Investor Education and Protection Fund; Right to dividend; rights shares and bonus shares to be held in abeyance.

4.00
Unit III: 

Corporate Social Responsibility :Applicability of CSR; Types of CSR Activities; CSR Committee and Expenditure; Net Profit

for CSR; Reporting requirements.

 Accounts, Audit and Auditors :Books of Accounts; Financial Statements; National Financial Reporting Authority; Auditors-

Appointment, Resignation and Procedure relating to Removal, Qualification and Disqualification; Rights, Duties and Liabilities;Audit and Auditor’s Report; Cost Audit; Secretarial Audit; Special Audit; Internal Audit.

Transparency and Disclosures:Board’s Report; Annual Return; Annual Report; Website disclosures; Policies.

11.00
Unit IV: 

An overview of Inter-Corporate Loans, Investments, Guarantees and Security, Related Party Transactions.

Registers and Records:Maintenance and Disposal.

An overview of Corporate Reorganization :Introduction of Compromises, Arrangement and amalgamation, Oppression andMismanagement, Liquidation and winding-up; Overview of Registered Valuers; Registration Offices and Fees; Companies to furnish information and statistics.

 

9.00
Unit V: 

Introduction to MCA 21 and filing in XBRL.

 Global Trends and Developments in Company Law.

Case Laws, Case Studies and Practical Aspects.

References: 

 

  1. Majumdar,A.K. and Kapoor, G. K., Student’s guide to Company Law, Taxmann Publications (P) Ltd., New Delhi
  2. Study Material Published by Institute of Chartered Accountants of India
  3. Scanner-Arun Kumar(Shuchita Prakashans(P) Ltd)
  4. Kapoor, N. D., Company Law, Sultan Chand & Sons, New Delhi
  5. Singh, Avtar, Indian Company Law, Eastern Book Company
  6. Nolakha, R.L., Company Law, Ramesh Book Depot, Jaipur
  7. Mathew, M.J., Company Law, RBSA Publishers, Jaipur
  8. Krishnamurti, D.S.R., Company Law, Taxmann, New Delhi, 2007
  9. Guide to Companies Act-Ramiya A (Wadhwa and Company Nagpur)
  10. Manual on Capital Issues-ICSI Publication
Academic Year: