Corporate Laws

Paper Code: 
HRG 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
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 company
• Foreign company
• Holding and subsidiary company

 

9.00

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

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

11.00

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: 
2016-2017
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