Unit I:Formation of Company: Introduction:

Company ᎓ Definition, Meaning, Nature and its Characteristics ᎓ Promoters ᎓ Meaning ᎓ Duties – Responsibilities and Liabilities – Formation of Companies ᎓ Types of Company.

Unit ᎓ II: Memorandum and Articles of Association:

Memorandum of Association & Articles of Association: Meaning – Purpose and their Alteration – Doctrine of Ultra-Vires – Constructive Notice – Indoor Management᎓ Prospectus: Contents – Kinds of Shares and Debentures.

Unit III: Management and Control:

Management and Control of Companies: Directors and Company Secretary ᎓ Appointment ᎓ Qualifications ᎓ Disqualifications – Role and Responsibility – Powers and Duties – Remuneration ᎓ Time: Directors company secretary and Manager.

Unit IV: Accounts and Audit:

Accounts of Companies – Books of Accounts – Financial Statements – Auditors ᎓ Appointment, and Removal – Qualification and Disqualification ᎓ Rights ᎓ Powers – Duties and Liabilities – Audit and Auditor᎙s ᎓ Report – Cost Audit and Special Audit.

Unit V: General Meetings: 

Introduction – Types of Meeting ᎓ Report – Requisites of Valid Meeting – Winding up of Companies: Introduction – Modes of winding up – Commencement of winding up.

TEXT(S)

N.D.Kapoor, ᎜Company Law᎝ Sultan Chand & Sons, latest edition, New Delhi,