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Course Title: COMPANY LAW

L T

P/
S

SW/
FW

Course Code:
Credit Units: 4
Course Objective:

TOTA
L
CREDI
T
UNITS
4

The aims of the course are to develop students knowledge


and understanding of the main concepts, principles, and rules of Company Law, bearing in mind
the contribution of Partnership Law. The course Gain a detailed understanding of the laws
governing companies in India and how those laws form the foundational structure not only of
corporate operations, but also for much of the modern economy.
To Obtain an understanding of how the law is involved in the formation, operation, and windingup of a company.
Prerequisites:
Student ought to have basic knowledge of business entities and knowledge regarding
Rights/Duties and concepts of juristic personalities.
Student Learning Outcomes:
The paper aims to make the students familiar and to provide insight into formation and
winding-up of companies , besides, corporate administration and towards that student is
expected to :

Have understood the importance of company law, rules and regulations in India and the
role company plays in regulating business activity and company affairs.
Be capable in their chosen professional, vocational or study areas and having developed
skill in entrepreneurship for contributing to innovation and development within their
business, workplace or community.

Module-I Introduction

Course Contents/Syllabus:
Module I: Introduction

Definition
Characteristics,
Lifting of Corporate Veil ;
Types of Companies ;
Formation of a Company:
Promoters,
Pre-incorporation contracts

Module II Memorandum of Association, Articles of Association and Prospectus


Memorandum of Association
Articles of Association ;
Prospectus: Issues, contents, and Kinds
Liability for misstatements,
Shelf Prospectus
Red Herring Prospectus
Statement in lieu of prospectus
Module III Share Capital
Issue and allotment of shares,
Issue of shares at premium and at discount,
Share Certificate,
Forfeiture and surrender of Shares
Transfer & Transmission of shares;
Provisions relating to payment of dividend,
Investors Education and Protection Fund
Module IV Corporate Administration

Directors kinds, powers, duties and Position, Corporate Social Responsibility


Meetings, kinds and procedure ;
The balance of powers within companies, Majority control and minority protection,
Prevention of oppression, and powers of court and Central Government.
Module V Winding Up

Kinds, consequences and reasons of winding up;


Role of the court
Liability of past members
Payment of liabilities
Reconstruction and amalgamation.

Pedagogy for Course Delivery:


The class will be taught using theory and case based method. In addition to assigning the case
studies.The instructor will cover the ways to think innovatively liberally using thinking
techniques.

Lab/ Practical details, if applicable: NA


List of Experiments: NA
11
Assessment/ Examination Scheme:
Theory L/T
(%)

Lab/Practical/Studio (%)

30%

End Term
Examination

NA

70%

Theory Assessment (L&T):


Continuous Assessment/Internal Assessment
Components
(Drop
down)

Weightage
(%)

Text & References :

MidTerm
Exam

Project

10%

10%

End Term
Examination

Viva Attendance

5%

5%

70%

Avtar Singh : Indian Company Law


Shah S. M : Lectures on Company Law
Saharay H.K.: Company Law,
Companies Act 2013 (Amended Act)
C.R. Dutta on Company Law.