IFTM UNIVERSITY
SCHOOL OF BUSINESS MANAGEMENT
COURSE HANDOUT
Session: 2017-18
Paper Instructor :Dr. Rakesh Kumar Yadav
Paper Name & Code :Company Law (BCOM H 304)
Course name & Semester : BCOM H III Semester
Learning Objective:
Ø To
identify and understand the evolution, nature and characteristics of company.
Ø To
understand memorandum, articles, prospectus and membership of a company.
Ø To
know about management of a company and winding up of a company.
Ø To
know about the borrowing powers of a company
LECTURE PLAN:
|
UNIT
NO.
|
UNIT
OBJECTIVE
|
LECTURE
CONTENTS
|
TOTAL
NO. OF LECTURES (ANTICIPATED)
|
BOOKS
|
|
1
|
1.To
know about the Company Act and its evaluation
2.To
understand the legal formalities of formation of a company
|
Meaning,
nature and characteristics of a company
|
1
|
T1, T2
|
|
Evolution
of company legislation in India, Objectives and features of Companies Act
2013
|
4
|
T1, T2
|
||
|
Classification
of Companies on the basis of: Liability, Number of Members, Control and
Ownership
|
1
|
T1, T2
|
||
|
Formation
Of Company: Incorporation,
Certificate, difference between certificate of incorporation and certificate
of commencement of business, Promotion of company and Promoter
|
4
|
T1, T2
|
||
|
Activities
beyond the syllabus
Case study of Solomon & Solomon
Surprise Test and
Presentation
|
||||
|
2
|
1.To
know the essential documents required for the formation of a company
2.To
understand the requisites of a valid meeting
|
Memorandum of Association, Articles of
Association, Relationship
between Articles and Memorandum
|
|
T1, T2
|
|
Doctrine of Constructive Notice, Doctrine of
Indoor Management, Doctrine of Intra-vires and
Doctrine of Ultra-Vires
|
|
T1, T2
|
||
|
Concept of Red Herring Prospectus,
Membership-Modes of Acquisition and Termination of Membership
|
|
T1, T2
|
||
|
Meetings
and Proceedings-General meetings of Shareholders, Requisites of a valid
meeting
|
|
T1, T2
|
||
|
Activities
beyond the syllabus
A workshop will be organized for the
students in which a Chartered Accountant will address how to form a company
in Moradabad. What are the requirements and rules and regulations to
establish a private or public company?
|
||||
|
3
|
1.To
know about the management of a company
2.To
understand the qualification, appointment and removal of directors of a
company
|
Management of Companies-General provisions,
qualifications and disqualifications of directors, no. of directors and
directorship
|
3
|
T1, T2
|
|
Appointment, remuneration, removal, legal
position, powers, duties and liabilities of directors, managing directors and
managers
|
3
|
T1, T2
|
||
|
Prevention
of oppression and mismanagement
|
2
|
T1, T2
|
||
|
Activities
beyond the syllabus
Presentation
|
||||
|
4
|
1.To
know about the different types of shares and debentures
2.To
know about the winding up the procedure of a company
|
Share
capital-types and characteristics,
Issue of shares at Par, Premium and Discount
|
2
|
T1, T2
|
|
Forfeiture
and Re-issue of forfeited shares, legal provisions regarding share
certificates and share warrants
|
2
|
T1, T2
|
||
|
Debentures-classification
of debentures, provisions regarding issue of debenture
|
2
|
T1, T2
|
||
|
Winding
up of a company, mode of winding up, liquidator
|
4
|
T1, T2
|
||
|
Activities
beyond the syllabus
Presentation
A survey task will be assigned to them
in which they will go to different companies established in Moradabad to know
their knowledge about CSR which is mandatory as per Company Act 2013 and to
know their CSR activities.
|
||||
|
Total
|
40
|
|
||
LEARNING
OUTCOMES:
- Understanding about the
Company Act 2013 and its provisions.
- Understanding various
documents like MOA, AOA and Prospectus.
- Understanding about the
Management of a company and the various issues related to the appointment,
remuneration and removal of directors of a company.
- Knowledge about the share
capital and debentures and their classifications.
- Understanding about legal
formalities of the formation and winding up of a company.
LEARNING
RESOURCES:
Text
Books:
T1:
Kapoor
N.D.: Company Law incorporating the Provisions of the Companies Amendment Act
2000' Sultan Chand & Sons, New Delhi
T2:
Kannal S. & V.S. Sowrirajan, “Company law Procedure”, Taxmann
Allied Services (P) Ltd, New Delhi.
Reference
Books:
R1:
Singh
Harpal, Indian Company Law, Galgotia Publishing, Delhi
R2:
Sharma J.P., “An Easy Approach to Corporate laws”, Ane Books Pvt
Ltd, New Delhi
Associate
Professor
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