Company Law (Corporate Law - I)

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Description
Companies Act, 2013) as amended by act no.29 of 2020 and the insolvency and bankruptcy code, 2016 [Corporate Law - I]
Law is not static, but dynamic similarly, Company Law too changed from time to time. There are significant developments in ownership of shareholding of a company and its management. The Companies Act, from its inception, has been amended number of times and major changes have been brought in. From time to time scams shaked the roots of the companies and the law breakers have been escaped due to loopholes in law. Number of changes in International Trade Relations have taken place with the establishment of World Trade Organization (WTO). Foreign Direct Investments have been welcomed by almost all the states for their economic development. Now 'Global Economy' took charge in the place of 'National Economy'.
In India, the Companies Act, 1956 required a complete reshaping instead of amending.To evolve a new Act it took a decade. To satisfy all the sections of the people and to peg the holes in Company Law, a new Companies Act, 2013 has been passed by Lok Sabha on 18-12-2012. The subject 'Company Law' is not only prescribed for Law Courses but also for Courses viz., C.A., ICWA, ICSI, ACS etc., keeping in view the syllabi of these courses and the syllabi of Bar Council of India and different Universities for LLB/BL. The subject has been presented in five units. The first unit deals with corporate personality, the second units incorporation of a company, the third unit the stock, shares and Dividends the fourth directors and meetings and the final (fifth) unit liquidation and other related issues. The author cannot claim this text book a treatise on Company Law. He aims at to help the students to understand the subject and prepare for examinations. Though there are a number of books on Company Law the author attempted to bring this as a text-book, which is within the reach of student community.
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Contents
Unit I : Corporate Personality
Chapter 1     General Principles of Company Law
Chapter 2     Nature and Definition of a Company
Chapter 3     Private Company and Public Company
Chapter 4     Characteristics of a Company
Chapter 5     Different Kinds of Companies
Chapter 6     Registration and Incorporation of Company
Chapter 7     Lifting Corporate veil (Piercing the Corporate Veil)
Chapter 8     Company Distinguished from Partnership
Chapter 9     Company Distinguished from Hindu Undivided Family (HUF)
Chapter 10   Advantages and Disadvantages of a  Company
Chapter 11   Salient Features of Companies Act, 2013 [Deviations from the Companies Act, 1956]
Unit II : Incorporation of Company
Chapter 1     Formation of Company
Chapter 2     Promoter
Chapter 3     Pre-Incorporation or Preliminary Contract
Chapter 4     Memorandum of Association
Chapter 5     Doctrine of Ultra Vires
Chapter 6     Article of Association
Chapter 7     Doctrine of Indoor Management
Chapter 8     Prospectus
Chapter 9     Commencement of Business
Chapter 10   Membership in a Company (Shareholder)
Chapter 11   Borrowing Powers
Chapter 12   Debentures
Chapter 13   Registration of Charges
Chapter 14   Acceptance of Deposits by Companies
Chapter 15   Loan and Investment by Company
Unit III : Share Capital and Payment of Dividend
Chapter 1     Share Capital
Chapter 2     Definition and Nature of Shares
Chapter 3     Kinds or types of shares
Chapter 4     Distinction between stock and shares
Chapter 5     Issue of Shares
Chapter 6     Allotment of Shares
Chapter 7     Certificate of Shares
Chapter 8     Power of Company to purchase its own securities
Chapter 9     Transfer and Transmission of Shares
Chapter 10    Lien on Shares
Chapter 11    Payment of Dividend (Secs. 123-127)
Unit IV : Management and Administration (Meetings of Directors and Shareholders)
Chapter 1     Members
Chapter 2     Directors
Chapter 3     Board of Directors and Meetings of Board
Chapter 4     Appointment and Remuneration of Managerial Personnel
Chapter 5     General Meeting
Unit V : Administration and Winding up
Chapter 1     Accounts of Companies
Chapter 2     Audit and Auditors
Chapter 3     Inspection, Inquiry and Investigation                                            
Chapter 4     Compromises, Arrangements and Amalgamations or Merger
Chapter 5     Majority Powers and Minority Rights
Chapter 6     Prevention of oppression and Mismanagement
Chapter 7     Registered Valuers
Chapter 8     Removal of names of companies from the register of companies (dissolution of a Company)
Chapter 9     Winding Up (Liquidation)
Chapter 10   Producer Companies
Chapter 11   Special Courts
Chapter 12    Some Punishments
Chapter 13    Dissolution of Company Law Board and Consequential  Provisions
Chapter 15    Companies of Furnish Information or Statistics
Chapter 16    Nidhi
Chapter 17    Miscellaneous Provisions
Annexure
Bibliography
Subject Index
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Author Details
Dr. S.R. Myneni, M.A., M.Ed., LL.M., Ph.D., P.G. Diploma in Journalism & Mass Communication, P.G. Diploma in Econometrics, P.G. Diploma in Mathematics Ekadhika in Vedic Mathematicss, Rashtra Bhasha Praveena (Hindi) Diploma in Russian Language.