Company Law and Practice LU B.COM 5th Sem

Syllabus

P29X: Company Law and Practice

Unit I

Definition & Nature of Company, Types of Companies, Formation of Companies, Liability of Promoters, Incorporation of Companies, Commencement of Business

Unit II

Memorandum of Association (MOA), Contents, Doctrine of Ultra-Vires, Articles of Association (AOA), Doctrine of Indoor Management & Exceptions to it

Unit III

Prospectus, Statements in View of Prospectus, Mis-Statement & their Remedies, Share Capital, Allotment of Shares – Definition of Share, Share Warrant, Share Certificate, Difference between Share & Stock, Calls on Shares, Types of Shares, Voting Rights, Right Issues.

Unit IV

Management of Company, Appointment of Directors, Legal Position, Duties & Liabilities & Powers, Company Meetings- Statutory, Annual General Meeting, Extraordinary Meeting, Meeting of BOD, Guidelines for Managerial Remuneration, Quorum for Different Meetings, Kinds of Resolutions, Provisions Regarding Borrowing, Issue of Debentures, Dividend, Bonus Shares, and Winding Up.