(Established under the Presidency University Act, 2013 of the Karnataka Act 41 of 2013)

A-8[2022] COURSE HAND OUT [Integrated Course]

SCHOOL: SCHOOL OF LAW DEPT.: LAW DATE OF ISSUE: 06/09/2022
NAME OF THE PROGRAM: B.A.LL.B. (Hons.)/ B.B.A.LL.B(Hons.)/B.COM.LL.B
(Hons.)
P.R.C. APPROVAL REF.: PU/AC18.14/SOL13/BAL/2020-25,
PU/AC18.14/SOL13/BBL/2020-25, PU/AC18.14/SOL13/BCL/2020-25
SEMESTER/YEAR: FIFTH Semester / 3rd Year
COURSE TITLE & CODE: Company law & LAW118
COURSE CREDIT STRUCTURE: 4-0-0-4
CONTACT HOURS: 4 hours in a week
COURSE INSTRUCTOR: Prof. Ummul Waraah
PROGRAM OUTCOMES:
PO-1 Ability to apply the fundamental concept of Humanities, Commerce and Management to
legal problems
PO-2 Ability to develop critical thinking skill
PO-3 Ability to identify, analyze and solve legal problem with professional ethics and integrity
PO-4 Ability to conduct dispute resolution with professional ethics and integrity
PO-5 Ability to draft professional legal writing along with effective oral communication
PO-6 Ability to apply legal theory to factual settings
PO- 7 Ability to apply legal theory to engage in legal argumentation
PO-8 Ability to conduct independent legal research specific to the case
PO- 9 Ability to conduct client services with necessary usage of technological tools
PO-10 Recognition of the need for engaging in lifelong learning
PO-11 Exhibit social responsibility adhering to ethical and moral values
PO -12 Ability to adapt knowledge of contemporary issues
PO- 13 Ability to function in multidisciplinary team
COURSE PREREQUISITES:
NIL
COURSE DESCRIPTION:

Companies are by far the most used vehicle for doing business and an understanding of the rules
that govern them is essential for everyone involved in commerce and industry. This paper will
provide grounding in company law for students intending to work for or advise companies. Its
main objectives will be to examine the nature of a company, incorporation and share capital, the
concept of separate legal personality, how a company interacts with the world and the roles of
the stakeholders in a company including directors and shareholders. And to derive a sound
understanding will help decision makers to take the advantages of corporate structure while
avoiding pitfalls and legal liability. By the end of the course, students in particular, students will
acquire problem recognition and problem identification skills necessary in the modern business
environment as well as for the more advanced commercial law papers. The students will be able
to analyze the foundational principles of Indian corporate law, undertake legal research with
primary and secondary materials, and evaluate legal information.

COURSE OUTCOMES:
On successful completion of the course the students shall be able to:
C.O.1. Apply the sections of Company Act, 2013 in Corporate Litigation
C.O.2. Analyze the foundational principles of Indian corporate law, undertake legal research
with primary and secondary materials, and evaluate legal information.
C.O.3. Acquire problem recognition and problem identification skills necessary in the modern
business environment as well as for the more advanced commercial law papers.
C.O.4. Understand the significant trends and recurring issues in company law.

MAPPING OF C.O. WITH P.O.

[H - HIGH, M - MODERATE, L- LOW]
C.O. N0. P.O - 02 P.O - 04 P.O.7 P.O.12

CO1 M L M L

CO2 L M M L
 CO3 L M M L

CO4 M M M L

COURSE CONTENT (SYLLABUS):

Module:1 Introduction of Company Law (10 Sessions, CO1, Knowledge)
 History of Company Law
 Advantages of Company
 Disadvantages of Company
 Theories of Corporate Personality
 Lifting of corporate veil
 Types of Companies

Module: 2 PRE-INCORPORATION PHASE (12 Sessions, CO2, Comprehension)

 Promoters
 Duties and Liabilities
 Pre-Incorporation Contracts
 Other related concepts

Module: 3 INCORPORATION OF A COMPANY (14 Sessions, CO3,

Comprehension)
 Memorandum of Association
 Doctrine of Ultra Vires
 Articles of Association
 Doctrine of Indoor Management
 Doctrine of Constructive Notice

Module: 4 Prospectus and Shares (12 Sessions, CO4,

Application)
 Prospectus
 Share Capital
 Initial Public Offer
 Allotment and transfer of shares
 Debentures
DELIVERY PROCEDURE (PEDAGOGY): Lecture method

SELF LEARNING TOPICS:

 The emergence of company as a new form of business organization vis-à-vis sole

proprietorship and partnership
 Case study of Salomon v. Salomon
 Registration of a company in India.
 Dividends

Participative Learning Topics:

1) Group Discussion
2) Debates and Quiz
REFERENCE MATERIALS:
Text Books:
1. Davies, Paul L., Principles of Modern Company Law, Thomson Sweet and Maxwell
2. Singh, Avtaar, Company Law, Eastern Book Company
3. Szelepet, Emma Manuel, Tolley’s Company Law Handbook; Lexis Nexis
4. Taxmann, Company Law, Taxmann

Reference Books

1. George, Dr. Ajimon, Banking and Insurance, Prakash Publication

2. James, Nicholas; Business and Company Law; Wiley
3. Pennington, Robert. R., Company Law, Oxford University

E-Resources:

 Lim, E. (2014). Attribution in Company Law. The Modern Law Review, 77(5), 794–807.
http://www.jstor.org/stable/24029720
 Ireland, P., Grigg-Spall, I., & Kelly, D. (1987). The Conceptual Foundations of Modern
Company Law. Journal of Law and Society, 14(1), 149–165.
https://doi.org/10.2307/1410303
 Machen, A. W. (1911). Corporate Personality. Harvard Law Review, 24(4), 253–267.
https://doi.org/10.2307/1324056
 Sen, G. M. (1985). RULE OF ULTRA VIRES IN COMPANY LAW: HAS IT
OUTLIVED ITS PURPOSE? Journal of the Indian Law Institute, 27(2), 283–290.
http://www.jstor.org/stable/43950918
 Grantham, R. (1998). The Doctrinal Basis of the Rights of Company Shareholders. The
Cambridge Law Journal, 57(3), 554–588. http://www.jstor.org/stable/4508493
Case Laws:
 Balfour v. Balfour, [1919] 2 KB 571
 Bates v. Standard Land Co. , 602 F.2d 990 (5th Cir. 1979)
 Durga Prasad v. Baldeo, (1880) 3 all 221
 Daimler Co. Ltd. v. Continental Tyre & Rubber Co. Ltd., [1916] UKHL 845
 Gol Ford Motor Co. v. Home, [1933] Ch 935
 Lee v. Lee's Farming Co. Ltd., [1961] AC 12
 Macaura v. Northern Assurance Co. Ltd., [1925] AC 619
 Needle Industries Ltd. v. Needle Industries ly (India) Holding Ltd., 1981 AIR 1298
 Ramasgate Victoria Hotel v. Montefiore, (1865-66) LR 1 Ex 109.
 Royal British Bank v. Turquand 1856) 6 E&B 327
 Ruben v. Great Fingall Consolidated [1906] UKHL 616
 Salomon v. Salomon & Co. Ltd, [1897] AC 22
 Seth Mohan Lal v. Grain Chambers Ltd, 1968 AIR 772
 Sri Gopal Jalan & Co. v. Calcutta Stock Exchange Association Ltd, 1964 AIR 250
 The State Trading Corporation of India Ltd. & Ors v. The Commercial Tax Officer,
Vishakhapatnam & Ors, 1963 AIR 1811

Prescribed Legislations:
 Companies Act, 2013

GUIDELINES TO STUDENTS:
a. Reading of the material assigned for your course
b. Pay attention and participate in the class

COURSE SCHEDULE:
Sl. Concluding Total Number of
Activity Starting Date
No. Date Periods
01 Over View of the 12th September 12th September, 1
course 2022 2022
 02 Module : 01 14th September, 29th September, 10
2022 2022
03 Module: 02 30th September, 2nd November, 14
2022 2022
04 Module: 03 9th November, 5th December 16
2022 2022
05 Module: 04 7th December 22nd December 10
2022 2022
06 CIA:
a) Assignment will be notified will be notified 6
b) Presentation
c) Article review
06 Mid-Term will be notified will be notified 3

SCHEDULE OF INSTRUCTION FOR THE THEORY COMPONENT:

Sl. No Session no Lesson Topics Course Delivery Reference

[date if Title Outcome Mode
possible] Number
1) 12/09/2022 Program
Integration

2) 14/09/2 Module 1: History of C.O.1 Lecture Davies,

022 INTROD Company Paul L.,
UCTION Law Principles
OF of Modern
COMPA Company
NY LAW Law,
Thomson
Sweet and
Maxwell

3) 15/09/2 Company C.O.1 Lecture Taxmann,

022 Law Company
Amendment Law,
s Taxmann
4) 16/09/2 Advantages C.O.1 Lecture Davies,
022 of Company Paul L.,
Principles
of Modern
Company
Law,
Thomson
Sweet and
Maxwell

5) 19/09/2022 Disadvantag C.O.1 Lecture + Davies,

es of Discussion Paul L.,
Company Principles
of Modern
Company
Law,
Thomson
Sweet and
Maxwell

6) 21/09/2022 Theories of C.O.1 Lecture + Singh,

Corporate Discussion Avtaar,
Personality Company
Law,
Eastern
Book
Company

7) 22/09/2022 Theories of C.O.1 Lecture + Singh,

Corporate Discussion Avtaar,
Personality Company
Law,
Eastern
Book
Company

8) 23/09/2022 Lifting of C.O.1 Lecture + Taxmann,

Corporate Discussion Company
Veil Law,
Taxmann

9) 26/09/2022 Zero Case study C.O.1 Self-

Class of Salomon Learning
v. Salomon Topic

10) 28/09/2022 Types of C.O.1 Lecture + Taxmann,

Companies Discussion Company
Law,
Taxmann
11) 29/09/2022 Types of C.O.1 Lecture + Taxmann,
Companies Discussion Company
Law,
Taxmann

12) 30/09/2022 REVISION C.O.1 Lecture +

Discussion

13) 6/10/2022 Module 2: Promoters C.O.2 Lecture + Davies,

INCORP Discussion Paul L.,
ORATIO Principles
N AND of Modern
PROCED Company
URES Law,
PHASE Thomson
Sweet and
Maxwell

14) 7/10/2022 Promoters C.O.2 Lecture + Davies,

Discussion Paul L.,
Principles
of Modern
Company
Law,
Thomson
Sweet and
Maxwell

15) 10/10/2022 Duties and C.O.2 Lecture + Davies,

Liabilities Discussion Paul L.,
of Principles
Stakeholder of Modern
s Company
Law,
Thomson
Sweet and
Maxwell

16) 12/10/2022 Duties and C.O.2 Lecture + Davies,

Liabilities Discussion Paul L.,
of Principles
Stakeholder of Modern
s Company
Law,
Thomson
 Sweet and
Maxwell

17) 13/10/2022 Duties and C.O.2 Lecture + Singh,

Liabilities Discussion Avtaar,
of Company
Stakeholder Law,
s Eastern
Book
Company

18) 14/10/2022 Duties and C.O.2 Lecture + Singh,

Liabilities Discussion Avtaar,
of Company
Stakeholder Law,
s Eastern
Book
Company

19) 17/10/2022 Zero Case study C.O.2 Self-

Class Learning
Topic
20) 19/10/2022 Pre- C.O.2 Lecture + Taxmann,
Incorporatio Discussion Company
n Contracts Law,
Taxmann

21) 20/10/2022 Pre- C.O.2 Lecture + Taxmann,

Incorporatio Discussion Company
n Contracts Law,
Taxmann

22) 21/10/2022 Other C.O.2 Lecture + Taxmann,

related Discussion Company
concepts Law,
Taxmann

23) 27/10/2022 Other C.O.2 Lecture + Taxmann,

related Discussion Company
concepts Law,
Taxmann

24) 28/10/2022 Zero Case study C.O.2 Self-

Class Learning
Topic
25) 2/11/2022 Revision C.O.2 Discussion

26) 3-7th Nov Mid term

2022
27) 3-7th Nov Mid term
2022
28) 3-7th Nov Mid term
2022
29) 9/11/2022 Memorandu C.O.3 Lecture + Taxmann,
m of Discussion Company
Association Law,
Taxmann

30) 10/11/2022 Memorandu C.O.3 Lecture + Taxmann,

m of Discussion Company
Association Law,
Taxmann

31) 11/11/2022 Memorandu C.O.3 Lecture + Taxmann,

m of Discussion Company
Association Law,
Taxmann

32) 14/11/2022 Doctrine of C.O.3 Lecture + Taxmann,

Ultra Vires Discussion Company
Law,
Taxmann

33) 16/11/2022 Doctrine of C.O.3 Lecture + Taxmann,

Ultra Vires Discussion Company
Law,
Taxmann

34) 17/11/2022 Zero Case study C.O.2 Self-

Class Learning
Topic
35) 18/11/2022 Articles of C.O.3 Lecture + Davies,
Association Discussion Paul L.,
Principles
of Modern
Company
Law,
Thomson
Sweet and
Maxwell
36) 21/11/2022 Articles of C.O.3 Lecture + Davies,
Association Discussion Paul L.,
Principles
of Modern
Company
Law,
Thomson
Sweet and
 Maxwell
37) 23/11/2022 Articles of C.O.3 Lecture + Davies,
Association Discussion Paul L.,
Principles
of Modern
Company
Law,
Thomson
Sweet and
Maxwell
38) 24/11/2022 Zero Case study C.O.2 Self-
Class Learning
Topic
39) 25/11/2 Doctrine of C.O.3 Lecture + Davies,
022 Indoor Discussion Paul L.,
Managemen Principles
t of Modern
Company
Law,
Thomson
Sweet and
Maxwell
40) 28/11/2 Doctrine of C.O.3 Lecture + Davies,
022 Constructiv Discussion Paul L.,
e Notice Principles
of Modern
Company
Law,
Thomson
Sweet and
Maxwell
41) 30/11/2022 Revision C.O.3 Discussion

42) 1/12/2022 Module: 4 Prospectus C.O.4 Lecture + Singh,

Prospectu Discussion Avtaar,
s and Company
Shares Law,
Eastern
Book
Company

43) 2/12/2022 Prospectus C.O.4 Lecture + Taxmann,

Discussion Company
Law,
Taxmann

44) 5/12/2022 Prospectus C.O.4 Lecture + Taxmann,

Discussion Company
Law,
 Taxmann

45) 7/12/2022 Share C.O.4 Lecture + Taxmann,

Capital Discussion Company
Law,
Taxmann

46) 8/12/2022 Share C.O.4 Lecture + Taxmann,

Capital Discussion Company
Law,
Taxmann

47) 9/12/2022 Share C.O.4 Lecture + Davies,

Capital Discussion Paul L.,
Principles
of Modern
Company
Law,
Thomson
Sweet and
Maxwell

48) 12/12/2022 Zero Case study C.O.2 Self-

Class Learning
Topic
49) 14/12/2022 Initial C.O.4 Lecture + Taxmann,
Public Offer Discussion Company
Law,
Taxmann

50) 15/12/2022 Initial C.O.4 Lecture + Taxmann,

Public Offer Discussion Company
Law,
Taxmann

51) 16/12/2022 Allotment C.O.4 Lecture + Taxmann,

of share Discussion Company
Law,
Taxmann

52) 19/12/2022 Transfer of C.O.4 Lecture + Taxmann,

share Discussion Company
Law,
Taxmann

53) 21/12/2022 Zero Case study C.O.2 Self-

Class Learning
Topic
 54) 22/12/2022 Debentures C.O.4 Lecture + Singh,
Discussion Avtaar,
Company
Law,
Eastern
Book
Company

55) 23/12/2022 Revision C.O.2 Discussion Taxmann,

Company
Law,
Taxmann

56) 26/12/2022 Assessme PRESENTA

nt TION
57) 28/12/2022 Assessment PRESENTA
TION
58) 29/12/2022 Assessme PRESENTA
nt TION
59) 30/12/2022 Assessme PRESENTA
nt TION
60) 30/12/2022 Assessme PRESENTA
nt TION

ASSESSMENT SCHEDULE FOR THEORY COMPONENT:

Assessment type
Sl. [Include here Course Duration
assessment method Contents outcome (In Marks Weightage D
No.
for self-learning Number Hours)
component also]
1 GROUP Contemporary Issues in Company Law CO1- 30 10 5%
DISCUSSION CO5 MINUTES MARKS n
2 Research Paper 1,2,3,4,5 CO1- 20 10%
CO5 MARKS n
3 E Resource Lim, E. (2014). Attribution in Company 10 Marks 5%
ASSIGNMENT-\ Law. The Modern Law Review, 77(5), 794– n
807. http://www.jstor.org/stable/24029720
Review of
digital/e-resource
from Presidency
University. Link
given in the
reference section
(Mandatory to
submit the
screenshot
 accessing digital
resource,
otherwise it will
not be evaluated.)
4 Presentation/ 1,2,3,4,5 CO1-5 15 20 10%
Debate MINUTES MARKS n
5 Mid Term 1,2,3 CO1, 2 1 HOUR 60 30%
&3 30 MARKS n
MINUTES
6 End Term 1,2,3,4,5 CO1- 3 HOURS 80 40%
CO5 MARKS n

COURSE CLEARANCE &EVALUATION CRITERIA:

As per university guidelines
CONTACT TIMINGS IN THE CHAMBER FOR ANY DISCUSSIONS:
Students may visit the faculty during university working hours with prior appointment.

Sample Thought Provoking Questions [For Theory Component]:

(Here type sample typical questions for students ’reference)
Course
Sl Bloom’s
Question Marks Outcom
No. Level
e No.
A Company incorporated under the Companies 10 M CO3 Comprehensive
1 Act, 2013 does not have the right to reduce its
share capital on selective basis. Comment
The history of the Indian Company Law 10M CO1 Analyze
began with the Joint Stock Companies Act
of 1850. Thereafter, a cumulative process
of amendment and consolidation brought
us to the most comprehensive and
complicated piece of legislation, the
Companies Act, 1956. As of today, the
Companies Act, 2013 has replaced the
2 Companies Act, 1956. The new Act has
470 sections and 7 schedules as against
658 sections and 15 schedules in the
1956 Act.
Critically analyze the changes brought by
the legislature and suggest requisite
amendments.
Target set for course Outcome attainment:
Sl. C.O. Course Outcomes Target set for
No No. attainment in
percentage
01 CO1 Apply the sections of Company Act, 2013 in Corporate Litigation 70%
02 CO2 Analyze the foundational principles of Indian corporate law, 75%
undertake legal research with primary and secondary materials,
and evaluate legal information.
03 CO3 Acquire problem recognition and problem identification skills 70%
necessary in the modern business environment as well as for the
more advanced commercial law papers.
04 CO4 Apply the doctrines to solve company cases. 70%

Signature of the Course Instructor:

Ms Ummul Waraah

This course has been duly verified Approved by the D.A.C. 06/09/2022

Signature of the Chairperson D.A.C.

Course Completion Remarks &Self-Assessment.[This has to be filled after the completion of

the course]
[Please mention about the course coverage details w.r.t. the schedule prepared and
implemented. Any specific suggestions to incorporate in the course content. Any Innovative
practices followed and its experience. Any specific suggestions from the students about the
content, Delivery, Evaluation etc.]
Activity
Sl. Scheduled Actual Completion
As listed in the course Remarks
No. Completion Date Date
Schedule
1 Group Discussion
2 Research Paper
3 Presentation/Debate

Any specific suggestion/Observations on content/coverage/pedagogical methods used etc.:

Course Outcome Attainment:

Sl. C.O. Course Outcomes Target set for Actual C.O. Remarks on
No. No. attainment in Attainment attainment &
percentage In Percentage Measures to enhance
the attainment
01 CO1 Apply the sections of Company 70%
Act, 2013 in Corporate
Litigation
02 CO2 Analyze the foundational 75%
principles of Indian corporate
law, undertake legal research
with primary and secondary
materials, and evaluate legal
information.
03 CO3 Acquire problem recognition 70%
and problem identification
skills necessary in the modern
business environment as well
as for the more advanced
commercial law papers.
04 CO4 Apply the doctrines to solve 70%
company cases.

Name and signature of the Course Instructor:

Ms. Ummul Waraah
D.A.C. observation and approval: