COMPANY LAW PRINCIPLES AND CONCEPTS

Paper Code: 
BCS 311
Credits: 
6
Contact Hours: 
90.00
Max. Marks: 
100.00
Objective: 

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

CO 76:Analyze about the concept of company and shares.

CO 77:Know about the company law in the India.

CO 78:Appraising the use of the memorandum of association, article of association and prospectus in a company, they also learn from this course.

CO 79:Facilitating the relationship between company and debenture holders and creditors.

CO 80:Reviewing and develop understanding of the necessary framework of companies with reference to various provisions of company act-2013

CO 81: Analyzing the MCA filing in XBRL form and learning the practical aspects of it.

 

18.00

Introduction to Company Law :Jurisprudence of Company Law; Meaning, Nature, Features of a company; Judicial acceptance of the company as a separate legal entity; Concept of Corporate Veil, Applicability of Companies Act; Definitions and 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 Shares and 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.

 

18.00

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 Capital and Deposits: 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 of charges; Punishment for contravention; Rectification by Central Government in Register of charges.

 

18.00

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

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.

 

18.00

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

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

Registers and Records: Maintenance and Disposal.

18.00

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

An Introduction to MCA 21 and filing in XBRL.

Global Developments: Global Trends and Developments in Company Law. Case laws, Case studies and practical aspects.

 

Essential Readings: 
  • Study Material Published by ICSI

 

References: 

SUGGESTED READINGS:

  • Scanner-Arun Kumar(ShuchitaPrakashans(P) Ltd)

e-RESOURCES:

https://www.icsi.edu/media/webmodules/23112021_Company_Law.pdf

JOURNALS:

https://www.icsi.edu/e-journals/

 

Academic Year: