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Theory paper

Company Law

Examined on Companies Act 2013, Insolvency and Bankruptcy Code 2016, Securities and Exchange Board of India Act 1992. IMPORTANT on currency. Several provisions this subject touches have been amended since the Act was passed: the minimum paid-up capital in ss. 2(68) and 2(71) and s. 11 were removed, and ss. 42, 77, 135(5), 182 and 185 and Schedule VII have all been altered. s. 90 now deals with significant beneficial ownership. Where a figure, a threshold or a procedure matters to your answer, check the section as it stands today — each chapter says where this applies.

This page is the map of the paper: every syllabus unit, the leading cases with full summaries, and the exam questions the paper actually sets.

Units

  1. Unit 1 · Incorporation, Prospectus and Securities — Module I — the nature and kinds of company; corporate personality and lifting the veil; incorporation and the memorandum and articles; promoters and pre-incorporation contracts; prospectus, misstatement and the liabilities that follow; and the issue and allotment of securities
  2. Unit 2 · Deposits, Charges, Meetings, Dividend and Audit — Module II — acceptance of deposits; registration and satisfaction of charges; company meetings and the rules of notice, quorum, proxy and resolution; declaration and payment of dividend; and accounts, audit and the auditor’s position
  3. Unit 3 · Directors, the Board and Minority Protection — Module III — directors, their appointment, qualification and removal; the board, its powers and its committees; key managerial personnel and remuneration; related party transactions; and the protection of minority interests through prevention of oppression and mismanagement, class action and amalgamation
  4. Unit 4 · CSR, Winding Up, Governance and Insider Trading — Module IV — corporate social responsibility; winding up as it now stands after the Insolvency and Bankruptcy Code 2016; corporate governance; and insider trading

Leading cases in this paper

Exam questions

Where it sits

Statutes