School of Business Studies, Sharda University

Module Title: Corporate Law

Program:
BBA
Term:
IV
Credits:
4
Instructor: Ms. Santhi Narayanan
Student Learning
Learning
Contact
Guided Study
Assessment
Total

Hours
40
40
20
100

Module Aims
Corporations today are not only the most effective vehicle for performing industrial and
commercial activities, but they are also major social and economic institutions of
stupendous size and power affecting the lives of all in the society. The recent recession,
or the Satyam or Harshad Mehta or Enron scams are a running commentary on this.
Corporate law is no more a component of private law, but has emerged as part of public
law.
This course will dwell upon statutes, their impact on case law, economic implications of
laws, the role of the Securities and Exchange Board of India (SEBI), dissection of scams
etc.
Module Objectives
On successful completion of this course students will:
1. Know the basis and evolution of corporate law
2. Understand formation of companies
3. Identify constituting documents of companies; powers, organs and agents of
companies (such as general meetings; board of directors; corporate restructuring mergers and acquisitions; company liquidation; winding up)
.
Teaching and Learning Methods
Lectures and visual power point slides
Students read suggested books and research articles before the next lecture
Students participate in class discussions

School of Business Studies, Sharda University

Indicative Contents
Contents
Evolution of Corporate Law
What is a Company?
Documents of a Company
Powers, Organs and Agents of
Companies
Corporate Restructuring (Brief
overview)
SEBI
Winding Up

Content Details
What is corporate law? The background of Companies Act
1956. What is the importance of this Act?
Characteristics of a company, Landmark case - Salomon vs.
Salomon Co Ltd- Separate legal entity, Lifting the corporate
veil. Types of companies, Promoters, Formation and
incorporation of a company.
Memorandum of association. Doctrine of ultra vires.
Articles of association. Doctrine of indoor management.
Directors of a Company. Company meetings and
Resolutions, Company Law in a computerised environment,
e-filing
Mergers, Acquisitions, Takeovers, Liquidation
Major scams in recent years- Harshad Mehta Case, Satyam
Case, Role of watchdog SEBI.
Compulsory winding up. Role of liquidator. Voluntary
winding up.

Suggested Readings
Singh, Avtar, Introduction To Company Law, 10th ed., 2006, Eastern Book Co.
Singh, Avatar, Company Law, 15th ed., 2007, Reprinted 2009, EBC Webstore

Bare Acts
Companies Act 1956
Securities Contract (Regulation) Act 1956
Securities and Exchange Board of India Act 1992
Industries (Development and Regulation) Act 1951