Company Law is the collection of various legal aspects that govern the formation, running and winding up of a Company. The Indian Company Law is governed by Companies Act, 2013 and Companies Act, 1956, wherever applicable. The Act enumerates rules, regulations and procedures to be followed by corporate entities such as holding of meetings, composition of Directors, Incorporation of Companies, Issue of capital Instruments, etc.
Company Law is one of the core areas of practice and expertise for a Company Secretary. At this level you will be studying various provisions under the Companies Act, its Rules and regulations. You will be expected to analyse corporate issues faced by Companies and provide solutions and solve case laws, hence understanding and being thorough with Provisions of Companies Act is of utmost importance.
The topics covered in Company Law at CSProfessional Level
Introduction to Company Law
Provisions relating to Shares and debentures
Provisions relating to Members and Shareholders
Charges
Distribution of Profits
Provisions relating to Loans, Investments and Related Party Transactions
Introduction of the website and usage of Ministry of Corporate Affairs
Constitution of Board of Directors
Board Meetings and Annual general Meetings
Importance of Company Secretary as a profession
The best approach to study Company Law paper
Start studies at least 7-8 months before exams
It is highly recommended to refer to the Bare Act for studying Company Law. The ICSI material is also very helpful as the procedures and Rules are given in a systematic order. A combination of studies from the Bare Act and ICSI study material is recommended.
Prepare your own notes: Company Law is all about procedures, rules and regulations. It is understood best when you make your own study notes in the simplest possible language to remember every provision along with Section Numbers.
Updates: Law is a very dynamic subject with many amendments, circulars and notifications. Keep yourself updated by visiting the website of Ministry of Corporate Affairs to be able to tackle tricky questions which are related to amendments applicable to your exam.
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