SVKM’s Narsee Monjee Institute of Management Studies
Name of School – Kirit P. Mehta School of Law
Program: B.A., LL.B. (Hons.) 8101 & B.B.A., LL.B. (Hons.) 8102 Semester : V
Module: Company Law II Module Code:
Teaching Scheme Evaluation Scheme
Lecture Practical Tutorial Credit Internal Continuous Term End
(Hours per (Hours (Hours per Assessment (ICA) Examinations (TEE)
week) per week) week) (Marks - 50) (Marks- 50 in
Question Paper)
3 0 1 3 Marks Scaled to 50 Marks Scaled to 50
Pre-requisite:
1. Company Law (Basic), Contract Act
Course Objective:
1. Understanding Rules & Regulations, Emerging Issues in the corporate sector and various
other compliance mechanisms related to company laws.
2. Understanding the role of regulator in effective governance of corporate sector in India
Course Outcomes:
1. Interpreting and elucidating complex legal texts, statutes, and case law, highlighting an
understanding of legal nuances and implications. (PLO2a)
2. Implementing advanced legal reasoning and analytical skills to practical, real-world
scenarios, showcasing the ability to navigate and solve complex legal problems. (PLO3a)
3. Employing business principles to complex business and legal scenarios, developing
comprehensive strategies for compliance, risk management, and ethical business conduct.
(PLO3b)
4. Conducting in-depth analysis and critical evaluation of judicial decisions, statutes, and legal
arguments, discerning both strengths and weaknesses. (PLO4a)
5. Analyze the legal implications of business decisions, critically assessing their impact on
stakeholders and corporate governance structures. (PLO4b)
Detailed Syllabus: (per session plan)
Unit Description: Duration
1. 1Role of Director in a Company and Types of Directors 2 Hrs
. The students will understand the role of board of directors in a Company and
its requisites.
Understanding different types of Directors- Ordinary Directors, Executive
Directors, Non-Executive Directors, alternative Director, Additional Director,
Nominee Director
Section – Section 2, Section 203, Section 149
Basic Reading: Chapter XIV of G.K Kapoor, Taxmann Publication, 2023 Edition
2. 4Appointment, Remuneration and Removal of Directors 3 Hrs
. Understanding Appointment of First Directors, Appointment of Directors in
General Meeting, Appointment by Board of Directors, Filing up by Casual
Vacancy. Rules for Managerial Remuneration and removal of directors.
Section- 152, 161, 176, 196, 197, 169
Basic Reading: Chapter XIV of G.K Kapoor, Taxmann Publication, 2023 Edition
3. 5Qualifications and Disqualifications of Directors 2 Hrs
. Section 164 of the Companies Act 2013
Case Law- Mukut Pathak & Ors. vs. Union of India and Anr. (2023), Sandeep
Agarwal & Anr. Vs. Union of India & Anr. (Delhi High Court- 2020)
SVKM’s Narsee Monjee Institute of Management Studies
Name of School – Kirit P. Mehta School of Law
Basic Reading: Chapter XIV of G.K Kapoor, Taxmann Publication, 2023 Edition
4. 6General Concept of Company Meetings 3 Hrs
. Understanding the different types of company meeting
Basic Reading: Chapter XVI of G.K Kapoor, Taxmann Publication, 2023 Edition
5. 7Shareholders Meeting – AGM & EGM 2 Hrs
. Understanding the Timelines for Annual General Meeting and Extra-ordinary
General Meeting. Rules for sending Notice.
Section 96, Section 97, Section 98, Section 100, Section 101,
Case Law- LIC v Escorts
Basic Reading: Chapter XVII of G.K Kapoor, Taxmann Publication, 2023
Edition
6. 8Board of Directors Meeting 2 Hrs
. Understanding the Timelines Board of Director Meeting and Rules for sending
Notice.
Section 173, 174
Case Study- Rupak Gupta v. U.P Hotels (2016)
Basic Reading: Chapter XVIII of G.K Kapoor, Taxmann Publication, 2023
Edition
7. 9Requisites of Quorum, Voting and Passing of Resolution 3 Hrs
. Understanding rules and strength for Quorum of various Meetings, Different
types of Voting, Video Conferencing and E-Voting, Ordinary Resolution and
Special Resolution
Meeting of Board and Power Rules 2014, Section 47, Section 103, Section 112,
Section 113,
Basic Reading: Chapter XVI, XVII & XVIII of G.K Kapoor, Taxmann
Publication, 2023 Edition
8. 1Proxy and its Rules 2 Hrs
0Understanding the Rules for Proxy and its powers.
. Basic Reading - Section 105
Reference Reading -
http://ebook.mca.gov.in/Actpagedisplay.aspx?PAGENAME=17488
9. 1Introduction to Corporate Governance 2 Hrs
1Concept of Corporate Governance and Global Genesis, Various Phases and
. Committees- Cadbury Committee, CII Task Force, Kumar Mangalam Birla
Committee, Narayan Murthy committee, Naresh Chandra Committee, Kotak
Committee
Enron Scandal, Satyam Scam.
Basic Reading: Chapter XXVII of G.K Kapoor, Taxmann Publication,
2023Edition
10. 1Role of Independent Director 2 Hrs
2Role of Independent Directors in Governance
. Are they Really Independent?? Appointment, Removal and Remuneration
Section 149 of the Companies Act, MCA on Proficiency Test and latest
amendments
Section 149, SEBI Norm on Independent Director
Case Study: Tata v Mistry, IL&FS, PNB
SVKM’s Narsee Monjee Institute of Management Studies
Name of School – Kirit P. Mehta School of Law
Reference Reading: https://www.bloombergquint.com/law-and-policy/sebi-
proposes-new-norms-for-independent-director-appointment-removal-
remuneration
11. 1Role of Auditors 2 Hrs
3Understanding the role of Internal Auditor and Statutory Auditor
. Basic Reading: National Financial Reporting Authority Rules, 2018 (NFRA
Rules)., Companies (Auditor Report) Order, 2020
12. 1Role of Whistle-Blower 2 Hrs
4Vigil Mechanism
. Section 177, Companies Act, 2013; Rule 7, Companies and (Meetings of Board
and its Powers) Rules, 2014.
Regulation 9A (6), Securities and Exchange Board of India (Prohibition Of
Insider Trading) Regulations, 2015
Reference Reading: Whistle Blower Protection Reforms: Australia
Sarbanes Oxley Whistle Blower Protection-
13. 1Corporate Governance vis-à-vis CSR 2 Hrs
5Section 135
. Reference Reading:
https://www.mondaq.com/india/corporate-governance/366528/corporate-
social-responsibility--indian-companies-act-2013
https://www.mca.gov.in/SearchableActs/Section135.htm
http://vinodkothari.com/2020/03/proposed-changes-in-csr-rules/
14. 1Related Party Transactions 2 Hrs
6Section 188, 2(77), 2(76) of Companies Act 2013
. Rule 3 & 4 of Specification of Definition Details Rules 2014, SEBI LODR R-23
Case Study – ICICI Bank, Indigo Airlines
Basic Reading: Chapter XII of G.K Kapoor, Taxmann Publication, 2023 Edition
15. 1Prevention of Oppression and Mismanagement 2 Hrs
7Section 241-244 of the Companies Act 2013
. Case Study- Foss v Harbottle, Tata v Cyrus Mistry
Basic Reading: Chapter XXII of G.K Kapoor, Taxmann Publication, 2023 Edition
16. 1Class Action Suits 2 Hrs
7Section 245 of the Companies Act 2013
. Basic Reading: Chapter XIII of G.K Kapoor, Taxmann Publication, 2023 Edition
17. 1Serious Fraud Investigation Officer (SFIO) 2 Hrs
8Section 210-228 of the Companies Act 2013
. Basic Reading: Chapter XVI of G.K Kapoor, Taxmann Publication, 2023 Edition
PNB case, ICICI, IL&FS, DHFL
18. 1Basics of Compromise and Arrangement 3 Hrs
9Section 230 of the Companies Act 2013
. Basic Reading: Chapter XXIII of G.K Kapoor, Taxmann Publication, 2023
Edition
19. Winding up of Companies 3 Hrs
Section 248, Section 271 of the Companies Act 2013
Basic Reading: G.K Kapoor, Taxmann Publication, 2023 Edition
SVKM’s Narsee Monjee Institute of Management Studies
Name of School – Kirit P. Mehta School of Law
20. Workshop & Discussion on Recent Trends 2 Hrs
Total 45 Hrs
Text Books:
1. Company Law by G.K Kapoor, Taxmann Publications, 2023 Edition.
2. Company Law by Avtar Singh, EBC Publications, 17th Edition 2018, Reprinted 2024
Reference Books:
1. A. Ramaiya Guide to the Companies Act, 2013, Lexis Nexis, 18th Edition.
Tutorial Plan-
1. Seminar
2. Guest lecture
3. Industrial Visit (NCLT)
4. Videos for lectures
5. Group discussion
Any other information :
1. The course shall contain 15 hours of tutorials, as per tutorial guidelines.
i) 7 out of 15 hours of Tutorials to be used for ICA – Group Discussion (GD).
ii) The remaining 8 hours of tutorials will be used for the proposed tutorial plan.
2. Latest Updated Statutes, Act, Rules and Regulations and Case Law will be taught after
discussion In the Multi-Campus Program Coordination (MPC) Meeting.
Total Marks of Internal Continuous Assessment (ICA) - 50 Marks
Distribution of ICA Marks:
Description of ICA Marks
Test 1 20 Marks
Quiz 10 Marks
Group Discussion 10 Marks
Class Participation 10 Marks
Total Marks : 50 Marks
Signature Signature
(Prepared by Ms. Khyati Jain & Mr. Apoorv Channa) (Approved by Dr. Durgambini Patel, Dean)
Date: 6th April, 2024 (27th BOS)
