Company Law and Corporate Governance
Unit-3 Company Management and Meetings
Meaning and Rights of Managerial Personnel
Introduction A company is considered an artificial person, lacking a mind or body, incapable of a...
Directors and Types
Directors play a crucial role in the governance and management of companies. Their types and resp...
Powers and Duties of Directors
The Companies Act 2013 in India lays down specific guidelines that outline the powers and duties ...
Appointment, Liabilities, Removal and Disqualification of Directors
Appointment of Directors Directors are appointed to oversee the management of a company and make ...
Types of Committees
In the corporate governance framework, various committees play crucial roles in ensuring the effi...
Managerial Remuneration
Managerial remuneration refers to the compensation paid to the managerial personnel of a company,...
Auditor - Role, Appointment, Rotation
Qualifications of an Auditor The Companies Act 2013, specifically Section 141, delineates the qua...
Company Meetings
Company meetings play a pivotal role in the governance and decision-making processes of a corpora...
Unit-5 An Overview of Corporate Governance
Role and Purpose of Corporation
What is a Corporation? A corporation is a legal entity that is distinct and separate from its own...
Concept of Corporate Governance
Definition of Corporate Governance According to the Institute of Company Secretaries of India (IC...
History and Issues in Corporate Governance
Corporate governance in India has made significant strides but continues to face numerous challen...
Theories of Corporate Governance
Agency Theory The relationship between principals, such as a company's shareholders, and agents,...
Committees on Corporate Governance
Cadbury Committiees The Cadbury Committee Report, officially titled “Financial Aspects of Corpora...
Unit-7 Disclosure and Reporting Requirements
Disclosures as per the Companies Act, 2013
Disclosures in company law are crucial for ensuring transparency and providing shareholders, inve...
Financial and Non-Financial Disclosures
Financial disclosures provide quantitative data necessary for evaluating the financial health and...
Financial and Operating Results
Financial and operating results disclosures provide a holistic view of a company's health, showin...
Company Objectives and Risk Factor
1. Ensuring Transparency The primary objective is to maintain a high level of transparency in all...
Ownership, Related party transactions, Board, Remuneration of the boards, Risk Factor
Ownership disclosures, as mandated by corporate regulations such as the Companies Act, 2013, play...
Unit-2 Formation of a Company
Incorporation of a Company
In the rapidly evolving business environment, the need for substantial funding and the ability to...
Role of Promoters
Definition of a Promoter Promoters play a critical role in the journey of transforming a business...
Memorandum of Association
The Memorandum of Association (MOA) is a cornerstone document in the formation and registration o...
Articles of Association
The Articles of Association (AOA) plays a crucial role in the management and administration of a ...
Difference Between MOA and AOA
Understanding the distinctions between the Memorandum of Association (MOA) and the Articles of As...
Doctrine of UltraVires
The Doctrine of Ultra Vires plays a critical role in company law, safeguarding the interests of s...
Doctrine of Constructive Notice
The Doctrine of Constructive Notice is a fundamental principle in corporate law, particularly out...
Doctrine of Indoor Management
The Doctrine of Indoor Management, also known as the Turquand Rule, plays a pivotal role in corpo...
Certificate of Incorporation and Commencement of Business
The Certificate of Incorporation (COI) is often referred to as the "birth certificate" of a compa...
Prospectus and its Contents
A prospectus is a pivotal document within company law, acting as a formal proposal to the public,...
Statement in Lieu of Prospectus
The Statement in Lieu of Prospectus is a document outlined under Section 70 of the Companies Act,...
Unit-6 Internal Control
Meaning and Objectives
Internal Controls encompass a broad set of procedures and mechanisms designed to ensure the integ...
Role of Management and Auditor
The responsibility for internal controls rests primarily with management, who must ensure that ef...
Mechanism of Internal Control System
The mechanism of an internal control system comprises five interconnected components that work to...
Unit-4 Winding Up of a Company
4.b subject to the supervision of the Court
Winding up a company subject to the supervision of the court is a unique hybrid process that comb...
Meaning and Types of Winding Up
Winding up of a company, also known as liquidation, is defined as the proceedings by which a comp...
Voluntary Winding Up
Voluntary winding up of a company is a process initiated by the company's members (shareholders) ...
Liquidator's Role and Duties
A Company Liquidator is a crucial figure in the process of winding up a company. This individual,...
Preferential Payments
Preferential payments in the context of company liquidation or bankruptcy refer to payments or tr...
Settlement of list of contributories and application of assets
In the context of company law, specifically under Section 285 of the Companies Act 2013, the "Set...
Removal and Replacement of Liquidator
Introduction Section 276 of the Companies Act outlines the circumstances and procedures for the r...
Effect of winding up order - Stay of suits, etc., on winding up order - Consequences of winding up
Introduction In company law, a "winding up order" is a legal directive issued by a court to disso...
Audit of Company Liquidators accounts
Overview During the liquidation of a company, auditing the liquidator's accounts is crucial to en...
Final meeting and dissolution of company
Introduction The final meeting and subsequent dissolution of a company represent the final stages...
Unit-1 Introduction to Company Law
Introduction and Development of Company Law
Definition Company Law refers to the set of laws that regulate, govern, guide, take care of, and ...
Objects of Companies Act
The Companies Act, of 2013, is a significant legislative step forward in enhancing the regulation...
Meaning and Definition of Company
Definitions Lord Justice James: A company is "an association of many persons who contribute mon...
Special Features of Company
Companies are distinguished from other forms of organizations by specific features that define th...
Kinds of Companies
Chartered Companies Chartered companies are formed by a royal charter granted by the monarch. The...
Differences between Private and Public companies
Basis for Comparison Criteria Private Limited Company Public Limited Company Meaning Not l...
Punishment for Improper Use of 'Limited' or 'Private Limited'
The terms "Limited" and "Private Limited" signify a company's legal status of limited liability, ...