Format No. QSP/7.1/01.F01 Issue No.04 Rev.

No 3 Dated: Jan 25, 2010 _____________________________________________________________________________ _ UNIVERSITY OF PETROLEUM & ENERGY STUDIES College of Legal Studies Dehradun _____________________________________________________________________________ _

COURSE PLAN
Programme : Course Semester Session Batch : : : : BA.LL.B BA.LL.B V August- December 2011 2009 14 LLBL 421 4 Company Law

Subject Code : No. of credits : Subject :

Prepared by: Sujith P Surendran Email: spsurendran@ddn.upes.ac.in

Approved By _________________________ HOD _______________________ Dean

UPES Campus

Tel : +91-135-2261090/91

UNIVERSITY OF PETROLEUM & ENERGY STUDIES College of Management and Economic Studies, Dehradun Energy Acres P.O. Bidholi, Via Prem Nagar Dehradun -248 007 (U K) Fax : +91 135- 2694204 Web : www.upes.ac.in

COMPANY LAW
Objectives of the Course: (a) (b) (c) To analyze the Legal provisions of Company Law To develop the understanding of the Company Law and related practices in India To understand the role of Directors, Meetings and procedures and cases relating to Companies

Teaching-Learning Methodology: 1. Lecture cum discussion 2. Seminars 3. Tutorials, Practical cases and 4. Contact Hours Evaluation Scheme: 1. Continuous Assessment Tests 2. Mid Term 3. End Term Examination Course Material Company Law Module 1 : Introduction & Incorporation of Companies 1.1 History of Company Legislations 1.2 Meaning and Nature of Company 1.3 Kinds of Companies 1.4 Corporate Personality 1.5 Creation and extinction of Companies 1.6 Formation & Incorporation of Companies 1.7 Commencement of Business 1.8 Company Administration Case Studies: 1) Saloman Vs.Saloman & Co Ltd 2) Lee Vs. Lees Air Farming Ltd 3) Bacha F.Guzdar Vs. CIT

30% 20% 50%

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UNIVERSITY OF PETROLEUM & ENERGY STUDIES College of Management and Economic Studies, Dehradun 4) Jubilee Cotton Mills Ltd Vs.Lewis 5) Peers Case 6) Moosa Goolam Arif Vs. Ebrahim Goolam Arif Module 2 : PARTNERSHIPS AND NON CORPORATE ORGANISATIONS 2.1 Partnerships 2.2 Association of Persons 2.3StateCorporations 2.4 Small and Tiny Industries and Companies 2.5 Co-operative Societies 2.6 Joint Sector Projects Case Studies: 1) Macaura Vs. Northern Assurance Co Ltd 2) Abdul Haq Vs. Das Mal 3) Mewa Ram Vs.Ram Gopal 4) Madan Lal Vs. Janaki Prasad Module 3 : Documents & Doctrines 3.1 Memorandum of Association 3.2 Articles of Association 3.3 Prospectous 3.4 Alterations of the MOA,AOA & Prospectous 3.5 Doctrine of Lifting the Corporate Veil 3.6 Doctrine of Indoor Management 3.7 Doctrine of Constructive Notice 3.8 Doctrine of Ultra-Vires Case Studies: 1) Daimler Co Ltd Vs. Continental Tyre and Rubber Co Ltd 2) Gilford Motor Company Ltd Vs. Horne 3) Jones Vs. Lipman 4) Ashbury Railway Company Ltd Vs. Riche 5) Royal British BankVs.Turquand 6) Howard V.Pokent Ivony Co 7) Anand Bihari Lal Vs. Dinshaw & Co Module 4 : Prospectous and its various types 4.1 Definition, meaning and Contents 4.2 Statement in lieu of Prospectus 4.3 Shelf Prospectus 4.4 Adhering Prospectus

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UNIVERSITY OF PETROLEUM & ENERGY STUDIES College of Management and Economic Studies, Dehradun 4.5 Abridged Prospectous 4.6 SEBI, Prospectous and vetting 4.7 Liability of mis-statements in Prospectous Case studies: 1)Rex Vs.Kysant 2)Shiromany Sugar Mills Ltd Vs. Devi Prasad Module 5 : SHARES AND SHARE CAPTIAL 5.1 Shares, its types shareholder and their rights 5.2 Classification of share Captial 5.3 Shares with differential rights 5.4 Issue of shares, calls , issue, forfeiture, lien 5.5 Forfeiture and surrender of shares 5.6 Stock, Debentures, Bonds and other Capital Market Instruments 5.7 Share Certificates and its effect and Transfer of shares 5.8 Issue of shares in de-mat form and Depositories Act 5.9 Reduction of share Capital 5.10 Further issue of shares Case Studies: 1) Motilal Chunnilal Vs. Thakorilal 2) E&W Insurance Co Ltd Vs. Mrs. Kamala Mehta 3) Miss.Nandita Jain Vs. BC and Co Ltd 4) Shepared Vs.Gregory Ltd Module 6 DIRECTORS 6.1 Directors, types of Directors, Appointment of Directors 6.2 Powers of Directors and Board of Directors 6.3 Qualifications & Position of Directors 6.4 Vacation & Removal of Directors- compensation for loss of office

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UNIVERSITY OF PETROLEUM & ENERGY STUDIES College of Management and Economic Studies, Dehradun 6.5Managing Director- role, appointment, Schedule XIII of the Companies Act,1956, and their role 6.6 Disclosure of Directors & Register of Directors, Disclosure 6.7 Nominee Directors 6.8 Compensation for Loss of Office Case Studies: 1 )Re Forest Dean Coal Mining Company 2) Gramaphone & Typewriter Ltd Vs. Stanley 3) Oriental Metal Pressing Works ( P) Ltd Vs. B.K.Thakoor 4) Vineeth Kumar Mathur Vs. Union of India 5) Re Great Northern Salt & Chemical works 6) B.R.Kundra Vs. Motion Pictures Association 7) Southern Roadways Ltd Vs. CIT Module 7 Meetings & Procedures 7.1 Meetings- Types of Meetings 7.2 Convening of Meetings 7.3 Procedures of the Meetings 7.4 Voting and rights of share holders in meeting 7.5 Proxy 7.6 Electronic voting 7.7 Differential voting rights Case Studies: 1) Liverpool Marine Insurance Co Ltd Vs. Haughton 2) Bharat Bhushan Vs. H.B.Portfolio Leasing Ltd 3) Bharat Kumar Dilwali Vs. Bharat Carbon Ribbon Mfg. Co.Ltd 4) Westfort Hi-Tech Hospital Ltd Vs. V.S.Krishnan 5) Ananthalekshmi Vs. HI & F Trust 6) Gardner Vs. Tredale

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UNIVERSITY OF PETROLEUM & ENERGY STUDIES College of Management and Economic Studies, Dehradun 7) Suzuki Motor Corporation Ltd Vs. Union of India

Module 8 Dividends 8.1 Dividends and Payments of Payment 8.2 Capitalisation 8.3 Profit , Divisble Profits and Dividend Rules Case Studies: 1) Bolton Vs.Natal Land & Colonisation Co Ltd 2) Bond Vs.Barrow Haematite Steel Co Ltd 3) Verner Vs. The General & Commercial Investment Trust Ltd 4) Lee Vs. Neuchatel Asphalt Co Ltd Books to be referred: A.Ramaiyya , Guide to the Companies Act,1956 Dr.Avatar Singh, 2008 Edn Legal Aspects of Business , R.S.N.Pillai & Baghavathy,S.Chand 2011 Edn Taxmanns Company Law & Practise, A.K.Majumdar & G.K.Kapoor K.S.Anantharaman, Company Law, C.Sitaraman & Co, Chennai ACS Company Law Materials Journals: Company Law Journal & Chartered Secretary Websites: www.mca.gov.in www.wadhwa.com www.westlaw.com www.universal.com

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UNIVERSITY OF PETROLEUM & ENERGY STUDIES College of Management and Economic Studies, Dehradun

Sessions 15

Topic History, Meaning kinds Companies and Contents Module 1

Reference of 1. Companies Act of 2. Avatar Singh 3. Tax Manns Company Law & Practise 1.Avatar Singh 2.K.S.Ananatharaman 3.websites 4.Manual - Chandrate 1.Companies Act 2.web sites 3.Avatar Singh 1.Companies Act 2.K.S.Anantharaman 3.wesites 4.Avatar Singh

6-10

Partnerships, AOP, State Corporations, Small and Tiny Industries,Societies Joint Projects MOA,AOA,Prospectous SEBI Regulations & Contents of Module 3 Shares & Share Captial And its forms in Module 4

11-15

16-20

21-25

Directors, Managing Director, 1.Companies Act Schedule XIII, Vacation and 2.Avatar Singh contents of Module 5 3.K.S.Anantharaman Meetings & Procedures 1.Companies Act 2.Avatar Singh 3..K.S.Anantha Raman

26-30

31-35

Dividends,Divisible Profits, 1.Companies Act Declaration of Dividend Rules 2.Avatar Singh and Practises 3.K.S.Anantharaman SEBI, Depositors and related Websites & Notes discussions

35-40

Pedagogy Presentation Cases Discussions Questions Assignments Presentation Cases Discussion Question Assignments Presentation Cases Discussion Question Assignments Presentation Cases Discussion Question Assignments Presentation Cases Discussion Question Assignments Presentation Cases Discussion Question Assignments Presentation Cases Discussion Question Assignments Presentation Cases Discussion Question
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UNIVERSITY OF PETROLEUM & ENERGY STUDIES College of Management and Economic Studies, Dehradun Assignments 40-48 Seminars, Presentations Based on Project topics Presentation & discussions on topics and and assignments Cases latest trends Discussions

Project Topics: 1) Doctrine of Ultra vires 2) Doctrine of Lifting the Corporate Veil 3) Doctrine of Indoor Management 4) Doctrine of Constructive Notice of Memorandum and Articles of Association 5) Incorporation of Companies 6) Prospectus, Contents, and Responsibilities for misstatements in Prospectus 7) SEBI Guidelines on Public Issues 8) Depositories Regulations 9) Role of SEBI in Company Law Administration 10) Company Deposits and its rules and regulations 11) Concept of Shares & Share Capital 12) Employees Stock Option Scheme & Sweat Equity shares 13) Book Building 14) Share Certificates and issue of Duplicate Share Certificates 15) Divisible Profits and declaration of Dividends 16) Share Capital, Share warrants 17) Capital Market Instruments in India 18) Annual General Meeting 19) Statutory Meetings 20) Extra Ordinary General Meetings and Class Meetings 21) Review of Annual Returns of Companies 22) Directors and their role 23) Managing Director and his role in Company Administration 24) Corporate Governance 25) Corporate Social Responsibilities 26) SEBI Guidelines on Capital issues 27) Stock market and Capital market instruments 28) External Commercial Borrowing 29) Schedule XIII and Managerial Remuneration 30) Shares, Types of shares and shares with differential rights , including rights issue

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