Name of the Corporate Law

course
Course Code MGT-513
Semester V
Credit Hours 3
Prerequisite -
Learning On completion of this course, the students will be able to:
outcomes

1. Get acquainted with the code of corporate governance;

2. Explain the federal taxes in Pakistan.
3. Understand the rules and regulations related to Modaraba and non-banking
finance companies.
4. Identify, evaluate and analyze different situations arising in performing the
professional duties with reference to applicable corporate laws.
5. Understand element of a tax system, authorities and their limits.
6. Deal with the situation in the field of tax.
7. Perform secretarial practices.
8. Comprehend the importance of personal and professional ethics in business
environment.
Contents
Unit-1 Companies Act, 2017
1.1 Companies Act, 2017
1.2 Companies (Incorporation) Regulations, 2017
1.3 Listed Companies (Code of Corporate Governance)
Unit-2 Secretarial Practices
2.1 Company Secretary, Functions and Responsibilities.
2.2 Meetings, Resolutions and E-filing.
2.3 Professional Ethics.
Unit-3 Income tax
3.1 Introduction
3.2 Categories of revenue
3.3 Features of a good tax system
3.4 Nature of tax
3.5 Scope of Income Tax Law
3.6 Definition & terminology
3.7 Income Tax Authorities - Powers & Functions
3.8 Scope of Tax
3.9 Exemption & concessions
Unit-4 Assessment
4.1 Salaried individuals, Non salaries persons, AOP & Company
4.2 Salary, Provident Fund, Income from business, Income from
property
4.3 Assets and depreciation
4.4 Methods of accounting
4.5 Income from other sources
4.6 Capital gains
4.7 Tax credits
4.8 Set off and carry forward losses
Unit-5 Payment of tax
5.1 Assessment procedure
5.2 Offences and penalties
5.3 Tax refunds
5.4 Appeals and revisions
5.5 CVT
Unit-6 Sales Tax
6.1 Introduction
6.2 Sales tax authorities
6.3 Scope
6.4 Registration
6.5 Record and books
6.6 Returns
6.7 Offences and penalties
6.8 refunds and recoveries
6.9 sales tax calculations
 Unit-7 Federal excise duty
7.1 Introduction
7.2 Levy and collection
7.3 Appeals and revisions

Unit-8 Custom duty

8.1 Definition
8.2 Scope
8.3 Warehousing
8.4 Drawbacks
8.5 Appeals and revisions

Teaching & A combination of lecturing, presentations, and discussions will be used to

Learning conduct the course. Students will be expected to read extensively ahead of
Strategies each class session and actively participate in discussions and practical
work.

Assignment Written assignment (10 marks), presentation (5 marks) and Quiz (10
marks)
Suggested Qureshi, S. A. (2012). Income tax ordinance 2001:. Mansoor Books.
Readings The Companies Act, 2017. Naved Mukhtar
Corporate Law and Governance. Atif Abdi