Corporate Law

Paper Code: 
ATG 313
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
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

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 company
• Foreign company
• 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

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
 

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. Kuchhal, MC, Company Law and Secretarial Practice, Vikas Publishing House, New Delhi
3. Krishnamurti, D.S.R., Company Law, Taxmann, New Delhi, 2007

Academic Year: 
2017-2018
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