Documente Academic
Documente Profesional
Documente Cultură
COURSE OUTLINE
B.A.LL.B.(HONS.) PROGRAMME
SEMESTER-VI (Dec 2018-May 2019)
ACADEMIC SESSION: 2018-2019
1
NATIONAL LAW UNIVERSITY NAGPUR
B.A. LL. B. (Hons.) SEMESTER-VI
CORPORATE LAWS-II
Semester December 2018-May 2019
Course Code 6.3
Course Credit 04
Maximum Marks 100
Teaching Hours 64
Tutorial Presentation Hours 26
Methodology
The teaching methodology shall be a combination of lecture method as well as interactive
modes of teaching such as class/group discussions, tutorials and case analyses. ICT-based
smart learning aids such as usage of power point presentations, etc. shall be made use
wherever required. Preparatory/supplementary reading material, in addition to the
prescribed reading material, shall be provided in advance to the students in order to enable
them to participate in the forthcoming lectures.
Course Evaluation Method
The course is assessed for 100 marks with a close examination system. There shall be a
mid-semester exam for 20 marks of seventy-five minutes duration and end-semester exam
for 50 marks of two hours. 25 marks are assigned for the project component (out of which
20 marks for the written project and 5 marks for the presentation) and 5 marks are
assigned for class attendance.
Learning Outcomes
Corporate Law-I dealt some basic principles of company, from its incorporation to
Management. This Course will deal with dissolution of Companies, SCRA, SEBI statutes
which have a huge impact on functioning of companies and other important concepts like
insider trading, fraudulent transactions in the securities’ market and concept of credit
rating. Further, to look into the legal framework which provides protection to investors.
Furthermore, Mergers, Amalgamation, Compromises, Acquisition and Takeovers will be
studied in brief.
Module I
Winding Up, Liquidation & Dissolution of Companies
Winding Up of the Company and Defunct Companies; Modes of Winding Up (a)
Compulsory Winding Up–Winding up under Just & Equitable Clause (b) Voluntary
Winding Up (Members & Creditors WU); Official Liquidator–Role, Powers & Functions;
Preferential payments–Workmen’s Rights and Payments during Winding up; Insolvency
and Winding Up; Final meeting of shareholders and Dissolution of Company
Cases:
Pawan Kumar K v Kaushal Leather Board Ltd. (1996) 87 CC 130 (AP)
2
Hariprasad v Amalgamated commercial Trans Pvt. Ltd. (1964) 1 CLJ 339 Mad.
(DB)
National Textile Workers Union v Ramakrishnan (1983) 54 CC 184 (SC)) Lord
Krishna Bank Ltd. v Express (Malayalam) (2005) 125 CC 655 (Ker)
Kudremukh Iron Ore Co. Ltd v Kooky Roadways P Ltd. (1990) 69 CC 178
(Karn) (DB)
Rhein Chemie Rheinau Gmbh v. Standard Oil Additive P. Ltd.; (2005) 128
Comp Cas 13
Mediqup Systems P Ltd v Proxima Medical System GmbH (2005) 124 Comp
Cas 473
Tata Iron & Steel Co. Ltd v Micro Forge (India) Ltd.
(2001) 104 CC 533 Guj.
ICICI v Vanjinad Leather Ltd. ((1998) 91 CC 625 Ker, (Recovery Under Debt
Tribunal)
Jitendra Nath Singh v OL, CIVIL APPEAL NO.6755 OF 2012, 21 September,
2012
Allahabad Bank v Canara Bank, (2000) 4 SCC 406
Andhra Bank v OL, (2005) 5 SCC 75
Module II
Securities Contract (Regulation) Act 1956
A. Regulation of certain transaction in the securities market. Corporatization,
demutualization - Options in securities- buying and selling in Future Trading
B. Stock Exchanges- BSE, NSE, NASDAQ, London Stock Exchange- Stock exchanges,
functions and significance of stock exchanges- OTCEI- SENSEX-Nifty Index. Powers of
the Central Government
C. Conditions of Listing and Delisting
Cases:
Brooke Bond India Ltd v UB Ltd & Other
Satish Nayak v Cochin Stock Exchange AIR 1995 Ker 373
Seijal Rikeeen Dalal v. Stock Exchange Bombay AIR 1991 Bom 30
Jagdish Kumar v. P Srinivasan AIR 1995 Kant 420
Vinay Babna v. Stock Exchange, Mum. AIR 1999 SC 2517
Module III
Securities Exchange Board of India Act, 1992 (SEBI)
Establishment of the Board-protection of the investor-development & regulation of
securities market. Securities Appellate Tribunal; SEBI Regulations on Prospectus, Stock
Brokers, Insider Trading, Acquisition of Securities and Control; SEBI (Insider Trading)
Regulation & SEBI (Acquisition & Transfer of Shares) Regulation.
Cases:
SEBI v Daichii (2010)
Swedish Match AB v. SEBI, AIR 2004 SC 4219
Clariant International Ltd. v. SEBI, AIR 2004 SC 4236.
B. S. E. Brokers Forum, Bombay v. SEBI, AIR 2001 SC 1010.
3
Reserve Bank of India v. Peerless General Finance and Investment Company Ltd.,
AIR 1996 SC 646.
Bombay Stock Exchange v. Jaya I. Shah, AIR 2004 SC 55.
Vinay Bubna v. Stock Exchange, Mumbai, AIR 1999 SC 2517
BPL v SEBI,
Sterlite Industries Ltd v SEBI,
Karnavati Fincap Ltd v SEBI, 1996 87 C/C 186 (Guj)
SEBI v Alka Sythesis, 1999 19 SCL 460
Praful Patel v SEBI, 2000 CLC 1869 (Bom).
Module IV
Mergers and Amalgamations
,
Module V
Credit Rating and Evaluation of Risk
Concept, scope and significance; Benefit to investors-Regulatory framework. Credit
Analysis & Research Ltd. (CARE)
***