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Questions and Answers
Which of the following is NOT a type of company recognized under the Companies Act, 2013?
Which of the following is NOT a type of company recognized under the Companies Act, 2013?
- One Person Company
- Private Company
- Public Company
- Non-Governmental Organization (correct)
What does the Memorandum of Association primarily contain?
What does the Memorandum of Association primarily contain?
- Shareholder details
- Internal rules of operation
- Financial statements
- Objectives and scope of the company (correct)
Which doctrine protects third parties dealing with a company, assuming its internal rules are adhered to?
Which doctrine protects third parties dealing with a company, assuming its internal rules are adhered to?
- Doctrine of Ultra Vires
- Doctrine of Constructive Notice
- Doctrine of Indoor Management (correct)
- Doctrine of Lifting the Corporate Veil
What is considered an advantage of the corporate form of organization?
What is considered an advantage of the corporate form of organization?
Which of the following can lead to the forfeiture of shares?
Which of the following can lead to the forfeiture of shares?
What is a key function of the Securities and Exchange Board of India (SEBI)?
What is a key function of the Securities and Exchange Board of India (SEBI)?
Which of the following is NOT a required clause in the Articles of Association?
Which of the following is NOT a required clause in the Articles of Association?
In the context of share capital, what are 'sweat equity' shares?
In the context of share capital, what are 'sweat equity' shares?
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Study Notes
Course Overview
- Offered by Deccan Education Society at Brihan Maharashtra College of Commerce, Pune.
- Programme: S.Y.B.Com, Semester III.
- Subject Title: Corporate Laws and Drafting Skills-I.
- Subject Code: 231306 A, {SEC (2)}.
- Credits: 2.
Course Objectives
- Study fundamental concepts of the Companies Act, 2013.
- Learn to draft key documents such as the Memorandum of Association (MOA) and Articles of Association (AoA).
Course Outcomes
- Understand types and formation of companies.
- Prepare MOA, AoA, and prospectus.
- Familiarize with formats for share certificate, calls on shares, and forfeiture.
Unit 1: Introduction to the Companies Act, 2013
- Covers history and evolution of the Act.
- Defines the corporate form including its nature, advantages, and disadvantages.
- Discusses concepts like lifting the corporate veil, types of companies, registration, and incorporation.
- Introduces e-filing processes relevant to company registration.
- Total Lectures: 10.
Unit 2: Memorandum and Articles of Association and Prospectus
- Explains meaning, clauses, and potential alterations in the MOA.
- Outlines content requirements for the AoA.
- Discusses prospectus alongside doctrines like:
- Doctrine of ultra vires.
- Doctrine of indoor management.
- Doctrine of constructive notice.
- Total Lectures: 10.
Unit 3: Share Capital
- Identifies various types of shares and the processes for issuing, allotting, and forfeiting shares.
- Covers calls on shares, sweat capital, employee stock options, and bonus shares.
- Explains transfer and transmission of shares, buyback procedures, share certificates, and D-MAT system.
- Total Lectures: 10.
Unit 4: Securities and Exchange Board of India (SEBI)
- Discusses the history and establishment of SEBI.
- Outlines the organizational structure or organogram of SEBI.
- Examines the role and functions of SEBI in regulating the securities market.
- Total Lectures: Information not specified; part of overall course structure.
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