Corporate Law

Paper Code: 
COM 303
Credits: 
3
Contact Hours: 
45.00
Objective: 

The Course aims at providing knowledge of the Indian Companies Act, 1956, the regulatory framework governing the functioning of companies in India. 

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.(as per Companies Act 2013)

  • Public company
  • Private company(Definition, characteristics, Privileges and concessions to private companies (as per Companies Act, 2013)
  • One-person Company
  • 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, methods of remuneration (as per Companies Act,2013)

Concepts of shares, Types of shares (Equity shares, Preference shares), debentures, Types of debentures

7.00
Unit IV: 

Memorandum of Association, Articles of Association(as per Companies Act,2013), Prospectus (as per Companies Act,2013), Statement in lieu of prospectus

11.00
Unit V: 

Membership in a company, difference between a member and shareholder, contributory (Definition), 

Winding up of Company (as per the Companies Act,2013)

Essential Readings: 
  1. Majumdar, A. K. and Kapoor, G. K., Student’s guide to Company Law, Taxmann Publications (P) Ltd., New Delhi
  2. Singh, Avtar, Indian Company Law, Eastern Book Company
References: 
  1. Nolakha, R.L., Company Law, Ramesh Book Depot, Jaipur
  2. Mathew, M.J., Company Law, RBSA Publishers, Jaipur
  3. Krishnamurti, D.S.R., Company Law, Taxmann, New Delhi, 2007
Academic Year: 
2018-2019
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