On completion of this course, the students will be able to;
CO 82:To deduce the choice of business entity.
CO 83:Know the various laws that are applicable for incorporating a business entity.
CO 84:Attributing regarding registrations and licences required from various regulatory authorities.
CO 85:To provide the working knowledge and understanding of the various procedural requirements involved in the setting up of business entities and overview of procedures involved in closure of entities.
CO 86: To provide understanding of intellectual property laws and labour laws.
CO 87: Analyze about the environmental laws and other pollution laws in India.
Choice of Business Organization: Key features of various structures and issues in choosing between business structures including identification of location; tax implications etc.
Types of Companies : Private Company; Public Company; One Person Company; Nidhi Company; Producer Company; Foreign Company.
Charter documents of Companies : Memorandum of Association and Articles of Association; Doctrine of ultra-vires; Doctrine of indoor management; Doctrine of constructive notice; Incorporation Contracts;
Alteration of charter documents: Alteration in MOA & AOA- Change of name; registered office address; objects clause; alteration in share capital and alteration in articles of association.
Legal status of Registered Companies :Small Company; Holding Company; Subsidiary Company & Associate Company; Inactive Company; Dormant Company; Government Company.
Formation of Limited Liability Partnership: Concept of LLP; Formation and Registration; LLP Agreement; Alteration in LLP Agreement; Annual and Event Based Compliances.
Different forms of business organizations and its registrations: Partnership; Hindu Undivided Family; Sole Proprietorship; Multi State Co-operative Society; Formation; Partnership Agreement and its registration.
Formation and registration of NGOs: Section 8 Company; Trust and Society- Formation and Registration.
Financial Services Organization and its registration process :NBFCs; Housing Finance Company; Asset Reconstruction Company; Micro Finance Institutions, Nidhi companies, payment banks, Registration.
Business Collaboration: Purpose and process.
Setting up of Business outside India and issues relating thereto :Issues in choosing location; Structure and the processes involved.
Conversion of business entities: Conversion of private company into public company and vice versa; Conversion of Section 8 company into other kind of Company; Conversion of Company into LLP and vice versa; Conversion of OPC to other type of company and vice versa; Company authorized to be registered under the Act (Part XXI Companies); and other types of conversion.
Various Initial Registrations and Licenses: Mandatory Registration - PAN; TAN; GST Registration; Shops & Establishments; SSI/MSME; Additional Registration/License - ESI/PF; FCRA; Pollution; Other registration as per requirement of sector; IE Code; Drug License; FSSAI; Trademark; Copyright; Patent; Design; RBI; Banking; IRDA; Telecom; I & B; MSME Registration; UdyogAadhar Memorandum; Industrial License, Industrial Entrepreneurs Memorandum (IEM); State Level Approval from the respective State Industrial Department.
Maintenance of Registers and Records: Register and Records required to be maintained by an enterprise.
Identifying laws applicable to various Industries and their initial compliances: Compliance of industry specific laws applicable to an entity at the time of setting up of the enterprise.
Intellectual Property laws (Provisions applicable for setting up of business): Copyright Act; 1957; Patents Act; 1970; Trade Mark Act; 1999; Geographical indication of Goods (Registration and Protection) Act; 1999; Designs Act; 2000.
Compliances under Labour Laws (Provisions applicable for setting up of business): Factories Act; 1948; Minimum Wages Act; 1948;Payment of Wages Act; 1936; Equal Remuneration Act; 1976; Employees’ State Insurance Act; 1948;Employees’Provident Funds and Miscellaneous Provisions Act; 1952; Payment of Bonus Act; 1965; Payment of Gratuity Act; 1972; Employees Compensation Act; 1923; Contract Labour (Regulation and Abolition) Act; 1970; Industrial Disputes Act; 1947; Trade Unions Act; 1926; Maternity Relief Act; 1961; Child and Adolescent Labour (Prohibition and Regulation) Act; 1986;Persons with Disabilities ( Equal Opportunities; Protection of Rights and Full Participation ) Act, 1995; Prevention of Sexual Harassment of Women at Workplace (Prevention; Prohibition and Redressal) Act; 2013
Compliances relating to Environmental laws (Provisions applicable for setting up of business):Water (Prevention and Control of Pollution) Act; 1974;Air (Prevention and Control of Pollution) Act; 1981; Environment Protection Act; 1986; Public Liability Insurance Act; 1991; National Green Tribunal Act; 2010.
Start Ups and its registration : Start up India policy, registration process; benefit under Companies Act and other Government Policies, Different types of capital: Seed Capital, Venture Capital, Private Equity, Angel Investor, Mudra Bank.
Dormant Company: Obtaining dormant status and dormant to active status.
Strike off and restoration of name of the company and LLP.
Corporate Insolvency Resolution process; Liquidation and Winding-up: An overview.
• Study Material Published by ICSI
SUGGESTED READINGS:
e-RESOURCES:
https://www.icsi.edu/media/webmodules/26112021_Setting_up_of_Busines_Entities_&_Closure.pdf
JOURNALS:
https://www.icsi.edu/e-journals/