LLB (Hons.) 3 Year IV Corporate Law – II  



Module I:  Share Capital

1.1          Issue and allotment of shares

1.2          Transfer and transmission of shares

1.3          Forfeiture and buyback of shares

1.4          Share certificate and share warrant

Module II: Debentures & Charges

2.1          Borrowing Powers, effect of unauthorized borrowings

2.2          Debentures: Definition, Kinds, Distinction between Debenture and share.

2.3          Company Charges : Kinds of Charges, Crystallisation

2.4          Inter-corporate Loans (S-186)

2.5          Dividend: Rules & Procedure 

Module III:           Company Auditors, Investigation and Inspection

3.1           Legal Position, Appointment, Removal, Duties and Powers.

3.2           Distinction between Investigation and Inspection, Power of Inspection

Module IV: Majority Rule and Rights of Minority shareholder

4.1           The Rule in Foss v Harbottle, exceptions

4.2           Prevention of Oppression and Mismanagement

Module V:   Winding up of Companies

5.1           Modes of Winding up, who may file petition of Winding up.

5.2           Winding up by Tribunal

5.3           Voluntary Winding up

5.4           Liability of past members

Suggested Readings:

  • Avtar Singh , “Company Law”, Eastern Book Company, Allahabad
  • K. Majumdar & Dr. G.K. Kapoor, “Company Law”, 15th Edition, Taxmann Publication, New Delhi.
  • A Ramaiya’s Guide to the COMPANIES ACT, LexisNexis Publication, Nagpur
  • Sharma J.P, “ An easy Approach to Corporate Laws”, Anne Books Pvt Ltd, New Delhi
  • Bharat Law House, New Delhi, “ Manual of Companies Act, Corporate Laws and SEBI Guidelines”
  • Wadhwa and company,” A Ramaiya Guide to Companies Act, Nagpur.
  • Kannal, S., & V.S. Sowrirajan.” Company law Procedure”, Taxman’s Allied Services (P) Ltd., New Delhi
  • “Singh Harpal,” Indian Company Act” Galgotia Publising, Delhi
  • Charlsworth & Mores,” Company Law”, Sweet & Maxwell”, London U.K.

Gower, LCB, “ Principles of Modern Company Law”, Stevens & Sons, London