Symbiosis Law School, Pune

SESSION PLAN

Academic Year 2014-15 ( July- Dec. Semester)

NAME OF THE COURSE: Corporate Law

FACULTY MEMBERS: Prof. Semanti Choudhury

CONTACT DETAILS OF FACULTY MEMBERS:

semanti.choudhury@symlaw.ac.in

CREDITS: 02

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TOTAL NUMBER OF MODULES: 08

INTERNAL/EXTERNAL EVALUATION (Components incl. One

Project mandatory):
1) Internal Evaluation- 60 Marks
2) External Evaluation- 40 Marks

INTRODUCTION TO THE COURSE:

The role of corporations in the economy of the nation cannot be overstressed. Business associations play a very important role in the progress and growth of
any country and its economy. Corporations are governed by an array of laws and the Companies Act is one of the legislations that regulate the affairs of
companies. The Companies Act is an important piece of legislation, amended as many as 24 times to adapt the law to the changing phases of the economy of
the country and to be in tune with the socio- economic growth of the country. It regulates the formation, financing, functioning, regulation and winding up of
the companies.

OBJECTIVES OF THIS COURSE:

The course is designed to study the corporate jurisprudence and the evolution and growth of business organizations, which are incorporated under the
Companies Act and other allied laws. The course will lay special emphasis on the concept of Shareholder protection and Corporate Governance throughout
the different modules into which the subject has been divided. The Securities Exchange Board of India has played a very significant role in the growth of the
Capital Market, which will also be studied as part of the course. The SEBI guidelines, the various regulations framed by SEBI, the Depositories Act, the
SecuritiesContracts (Regulation) Act, 1956 are some of the legislations that will be studied as part of this course.

CLASS SCHEDULE:

SKILLS EXPECTED TO BE IMPARTED:

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The module aims to improve the analytical and critical evaluation skills by encouraging the student to:

Explore corporate working from a critical perspective

Gain knowledge and understanding of the various provisions of the Companies Act and the allied legislations relating to companies
Develop communication skills, the ability to present an oral argument, to engage in discussions on controversial issues and to present written
arguments. LL.M being a research oriented programme, emphasis will be put on developing the research skills among students and developing
analytical skills

EXPECTATIONS FROM THE STUDENT:

The syllabus adopts a holistic and reflective approach to teaching and learning. Each module is to be seen connected.

The course instructor expects the student to:

The students must come to the class prepared to contribute in the discussion on the issues to be dealt with
Participate in class discussion
Appreciate the contributions made in the class by fellow students and expect them to do the same.

TEACHING AND LEARNING METHODS:

Interactive Lecture Method

Seminar Method
Class discussions/debates
Use of Power Point Presentations
Use of Audio visuals
Reading Group and Discussion Session

The classes will be supplemented by library assignment and self- learning exercises. Students will also be expected to design and plan personal study time
to ensure thorough reading and review of various topics.

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RESOURCE TOOLS:

1) Books
2) Recent Case Laws
3) Articles
4) News Items
5) Journals

Kindly note that the cases mentioned here are not exhaustive.

COURSE OUTLINE:

Sr. No. Topic Session Number

1 Introduction 03
1.1. Forms of Business Association and Business Structures
1.2. Types of Companies
1.3. Corporate Personality
1.4. Abuse of Corporate Structure and role of judiciary

2 Incorporation and Formation of Capital 05

2.1. Promoters and Promotion of Companies
2.2. Corporate Formalities for Formation of a Company (Basic Documents)
2.3. Doctrines of Ultravires, Constructive Notice and Indoor Management
2.4. Formation of Capital - Equity and Debt Capital
2.5. Law Relating to Public Offers (IPO, FPO, Eligibility Norms, Prospectus, IPO Grading,
Book Building, Depository Receipts)
2.6. Role of SEBI in the Formation and Regulation of Capital

3 Corporate Management and Corporate Governance 05

3.1. Role and Functions of Directors in Companies

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 3.2. Managerial Incentives and Fiduciary Duties
3.3. Audits and Accounts
3.4Financial Scams and Need for Corporate Governance
3.5 Corporate Governance in India
4 Corporate Democracy 04
4.1. Company Meetings and its Significance
4.2. Oppression and Mismanagement in Companies
5 Corporate Restructuring 04
5.1. Reduction of Share Capital
5.2. Buyback of Shares
5.3. Re-Organisation through Arrangement
5.4. Mergers and Acquisitions and its Regulation(Domestic and International)
5.5. Competition Law in Regulating Mergers and Acquisitions
6 Winding Up 04
6.1. Modes of Winding Up
6.2. Role and Powers of Liquidators in Winding Up
6.3. Conduct of Winding Up

7 Securities Regulation 03
7.1. Need for Regulation and Role of SEBI
7.2. Insider Trading
7.3. Takeovers and Corporate Control
7.4. Shareholder Activism
8 Dispute Settlement 02
9.1. Litigation and ADR in Corporate Disputes
9.2. Company Law Board & National Company Law Tribunal
Total 30

DETAILED SESSION PLAN

Session Topic to be covered/Session Mapping References with page number

5
Number Compulsory and Suggested references must match with reading materials
supplied.

Session 1 First Quarter Introduction Ramaiya A , Guide to Companies Act ,18th edition. Reprint.Wadhwa, (2006)
(Recap & Co- Bhandari, M.C, Guide to Company Law Procedures,20th edition . Wadhwa.
relation)
Second Quarter Discussion on Syllabus (2007).
(Subject) Dutta C R, The Company Law, 6th edition Lexis Nexis Butterworths
Third Discussion on Syllabus
Wadhwa , (2008)
Quarter(Cases)
Fourth Quarter Discussion on Syllabus Bhandari M.C., Guide to Company Law Procedures, 19th Edn., Wadhwa and
(Interaction, Company, Nagpur.
Recap, Next
Majumdar A. K. and Dr. Kapoor G.K., Taxmanns Law and Practice, 1 1th
Session,
Conclusion) Edn., 2005, Taxmann Publications (P) Ltd. New Delhi
Ferran Ellis, Company Law and Corporate Finance, First Indian Edn., 2003,
Oxford University Press, New Delh
Session 2 First Quarter Introduction Ramaiya A , Guide to Companies Act ,18th edition. Reprint.Wadhwa, (2006)
(Recap & Co- Bhandari, M.C, Guide to Company Law Procedures,20th edition . Wadhwa.
Module I relation)
Second Quarter Forms of business association (2007).
(Subject) and business structures Dutta C R, The Company Law, 6th edition Lexis Nexis Butterworths
Third Discussion on advantages and
Wadhwa , (2008)
Quarter(Cases) disadvantages of different
forms of business Bhandari M.C., Guide to Company Law Procedures, 19th Edn., Wadhwa and
Fourth Quarter Interaction on kinds of Company, Nagpur.
(Interaction, business options available
Majumdar A. K. and Dr. Kapoor G.K., Taxmanns Law and Practice, 1 1th
Recap, Next under Companies Act, 2013
Session, Edn., 2005, Taxmann Publications (P) Ltd. New Delhi

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 Conclusion) Ferran Ellis, Company Law and Corporate Finance, First Indian Edn., 2003,
Oxford University Press, New Delh
Session 3 First Quarter Recap of different forms of Ramaiya A , Guide to Companies Act ,18thedition. Reprint.Wadhwa, (2006)
(Recap & Co- business Bhandari, M.C, Guide to Company Law Procedures,20th edition . Wadhwa.
relation)
Second Quarter Introduction of the concept of (2007).
(Subject) corporate identity Dutta C R, The Company Law, 6th edition Lexis Nexis Butterworths
Third Benefits of corporate identity
Wadhwa , (2008)
Quarter(Cases)
Fourth Quarter Abuse of corporate identity Bhandari M.C., Guide to Company Law Procedures, 19th Edn., Wadhwa and
(Interaction, and introduction of the Company, Nagpur.
Recap, Next concept of lifting of corporate
Majumdar A. K. and Dr. Kapoor G.K., Taxmanns Law and Practice, 1 1th
Session, veil
Conclusion) Edn., 2005, Taxmann Publications (P) Ltd. New Delhi
Ferran Ellis, Company Law and Corporate Finance, First Indian Edn., 2003,
Oxford University Press, New Delh

Session 4 First Quarter Recap on concept of lifting of Ramaiya A , Guide to Companies Act ,18th edition. Reprint.Wadhwa,
(Recap & Co- corporate veil (2006)
relation)
Second Quarter Grounds for lifting of Bhandari, M.C, Guide to Company Law Procedures,20th edition . Wadhwa.
(Subject) corporate veil (2007).
Third Discussion on recent cases
Dutta C R, The Company Law, 6th edition Lexis Nexis Butterworths
Quarter(Cases)
Fourth Quarter Conclusion and interaction Wadhwa , (2008)
(Interaction, Bhandari M.C., Guide to Company Law Procedures, 19th Edn., Wadhwa and
Recap, Next
Company, Nagpur.
Session,
Conclusion) Majumdar A. K. and Dr. Kapoor G.K., Taxmanns Law and Practice, 1 1th
Edn., 2005, Taxmann Publications (P) Ltd. New Delhi

7
 Ferran Ellis, Company Law and Corporate Finance, First Indian Edn., 2003,
Oxford University Press, New Delhi
Cases:
Salomon v. A Salomon and Co. Ltd (1897) AC 22 ( House of Lords)
Lee v lee Air farming Ltd (1961) AC 12, 3 AllER 420 (p.c.)
Bacha F Guzdar v CIT Bombay ( (1955) 1 SCR 876 AIR 1955 SC 74
LIC v. Escorts (1986) 59 Com cases 548
Commr. Of Income Tax v. Sri Meenakshi mills Ltd AIR 1967 SC 819
Adams v cape Industries Plc (1991) 1 All ER 929 ( Court of Appeal)
Electronic Corporation India Ltd v. Secretary, Revenue Department,
Government of A.P AIR (1999) SC 1734
Standard chartered bank case (2004) 4 Comp LJ 464 SC
Javali ( M.V) v. Mahajan Borewell & Co. (1998) 91 Com cases 81
Juggilal IT Commr. V. UP AIR 1969 SC 932
Balwant Saulja v Air India

Articles
Arthur W. Machen, Jr.Baltimore, Md., Corporate Personality, Harvard Law
Review, Vol. 24, No. 4 (Feb., 1911), pp. 253-267

Jonathan Macey and Joshua Mitts, Finding Order in the Morass: The Three
Real Justifications for Piercing the Corporate Veil, Cornell Law Review, Vol.
100 Iss. 1, http://cornelllawreview.org/files/2014/11/100CLR99.pdf

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 Chrispas Nyombi, International Journal of Law & Management Lifting The Veil
Of Incorporation Under Common Law And Statute, 4. Int. J.L.M. 2014, 56(1),
66-81 http://www.emeraldinsight.com/doi/pdfplus/10.1108/IJLMA-
03-2013-0011

Thomas K. Cheng , Boston COLLEGE INTERNATIONAL AND

COMPARATIVE LAW REVIEW SPRING, 2011 ARTICLE THE
CORPORATE VEIL DOCTRINE REVISITED: A COMPARATIVE STUDY
OF THE ENGLISH AND THE U.S. CORPORATE VEIL DOCTRINES, 34
B.C. Int'l & Comp. L. Rev. 329
http://lawdigitalcommons.bc.edu/cgi/viewcontent.cgi?
article=1660&context=iclr

Session 5: First Quarter Introduction of formation of Bhandari, M.C, Guide to Company Law Procedures,20th edition . Wadhwa.
Module II (Recap & Co- company- how a company (2007).
relation) comes into existence and why
Dutta C R, The Company Law, 6th edition Lexis Nexis Butterworths
Second Quarter What is a promotion and who Wadhwa , (2008)
(Subject) are regarded as promoters of Ramaiya A , Guide to Companies Act ,18th edition. Reprint.Wadhwa,
company
Third The corporate formalities to be (2006)
Quarter(Cases) undertaken for formation of Bhandari M.C., Guide to Company Law Procedures, 19th Edn., Wadhwa and
company- discussion on MoA Company, Nagpur.
and AoA
Fourth Quarter Importance of charter Majumdar A. K. and Dr. Kapoor G.K., Taxmanns Law and Practice, 1 1th
(Interaction, documents- different clauses Edn., 2005, Taxmann Publications (P) Ltd. New Delhi

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 Recap, Next in MoA Ferran Ellis, Company Law and Corporate Finance, First Indian Edn., 2003,
Session, Oxford University Press, New Delhi.
Conclusion)

Session 6 First Quarter Interpretation of the object Ramaiya A , Guide to Companies Act ,18th edition. Reprint.Wadhwa,
(Recap & Co- clause of MoA (2006)
relation)
Second Quarter AoA and its binding nature Bhandari, M.C, Guide to Company Law Procedures,20th edition . Wadhwa.
(Subject) wrt company, shareholders (2007).
and outsider to the company Dutta C R, The Company Law, 6th edition Lexis Nexis Butterworths
Third Discussion on cases
Quarter(Cases) Wadhwa , (2008)
Fourth Quarter Conclusion and Recap Bhandari M.C., Guide to Company Law Procedures, 19th Edn., Wadhwa and
(Interaction,
Company, Nagpur.
Recap, Next
Session, Majumdar A. K. and Dr. Kapoor G.K., Taxmanns Law and Practice, 1 1th
Conclusion) Edn., 2005, Taxmann Publications (P) Ltd. New Delhi
Ferran Ellis, Company Law and Corporate Finance, First Indian Edn., 2003,
Oxford University Press, New Delhi.

Articles:
Session 7 First Quarter Recap and introduction to Ramaiya A , Guide to Companies Act ,18th edition. Reprint.Wadhwa,
(Recap & Co- promoters (2006)
relation)
Second Quarter Role , rights and duties of Bhandari, M.C, Guide to Company Law Procedures,20th edition . Wadhwa.
(Subject) Promoters (2007).
Third Discussion on Promoters role
Dutta C R, The Company Law, 6th edition Lexis Nexis Butterworths
Quarter(Cases) under Companies Act and
SEBI Guidelines on Promoters Wadhwa , (2008)
Fourth Quarter Conclusion Bhandari M.C., Guide to Company Law Procedures, 19th Edn., Wadhwa and
(Interaction,

10
 Recap, Next Company, Nagpur.
Session, Majumdar A. K. and Dr. Kapoor G.K., Taxmanns Law and Practice, 1 1th
Conclusion)
Edn., 2005, Taxmann Publications (P) Ltd. New Delhi
Ferran Ellis, Company Law and Corporate Finance, First Indian Edn., 2003,
Oxford University Press, New Delhi.
Articles
Paul J. Omar, Malaysia: expanding the scope of promoter's liability, Comp. Law.
1999, 20(7), 251-252
SEBI Discussion Paper on Reclassification of Promoters available at

Session 8 First Quarter Doctrines related to Ramaiya A , Guide to Companies Act ,18th edition. Reprint.Wadhwa, (2006)
(Recap & Co- interpretation of MoA and Bhandari, M.C, Guide to Company Law Procedures,20th edition . Wadhwa.
relation) AoA
Second Quarter Doctrine of ultra vires and (2007).
(Subject) indoor management and Dutta C R, The Company Law, 6th edition Lexis Nexis Butterworths Wadhwa ,
constructive notice (2008)
Third Cases
Quarter(Cases) Bhandari M.C., Guide to Company Law Procedures, 19 th Edn., Wadhwa and
Fourth Quarter Conclusion Company, Nagpur.
(Interaction,
Majumdar A. K. and Dr. Kapoor G.K., Taxmanns Law and Practice, 1 1th Edn.,
Recap, Next
Session, 2005, Taxmann Publications (P) Ltd. New Delhi
Conclusion) Ferran Ellis, Company Law and Corporate Finance, First Indian Edn., 2003,
Oxford University Press, New Delhi.
Cases:
Kelner v. Baxter (1866) LR 2 CP 174
CIT v. Bijli Cotton Mills (1953) 23 Com Cases 114

11
 Ashbury railway Carriage & iron Co. Ltd V. Riche (1875) LR 7 HL 653
Royal British Bank v. Turquand (1856) Ex Ch 101
N. Parthasarthy v. Controller of Capital Issues 91991) 72 Com Cases 651
(SC)
Lakshmanaswami Mudaliar V. LIC AIR 1963 SC 1185
Reliance Petrochemicals Ltd v Indian Express newspaper Pvt Ltd AIR 1989
SC 190
Sri Gopal jalan & Co. V. Calcutta Stock Exchange Association AIR 1964 SC
250
HH manabendra Shah V. Official Liquidator (1977)47 Comp Cas 356
Rich paints Ltd V. Vadodara Stock Exchange Ltd (1998) 15 SCL 128/ 92
comp cas 8 (guj)
Naresh Chandra Sanyal V. Calcutta Stock Exchange AIR 1971 SC 422
LIC v. Escorts AIR 1986 SC 1370
Raymond Synthetic Ltd and others V. Union of India AIR 1992 SC 849
SPS International Ltd V. Vijay remedies Ltd (1998) 93 Com cases 547
Delhi Cloth & General Mills Co. Ltd V. Union of India AI 1983 SC 937
Session 9: First Quarter Role of SEBI in regulating Ramaiya A , Guide to Companies Act ,18th edition. Reprint.Wadhwa,
(Recap & Co- Issue of securities (2006)
relation)
Second Quarter Eligibility norms, Bhandari, M.C, Guide to Company Law Procedures,20th edition . Wadhwa.
(Subject) intermediaries, book building (2007).
process, disclosure Dutta C R, The Company Law, 6th edition Lexis Nexis Butterworths
requirements in prospectus
Third Eligibility norms, Wadhwa , (2008)
Quarter(Cases) intermediaries, book building

12
 process, disclosure Bhandari M.C., Guide to Company Law Procedures, 19th Edn., Wadhwa and
requirements in prospectus Company, Nagpur.
Fourth Quarter Discussion on role of SEBI
(Interaction, and conclusion Majumdar A. K. and Dr. Kapoor G.K., Taxmanns Law and Practice, 1 1th
Recap, Next Edn., 2005, Taxmann Publications (P) Ltd. New Delhi
Session, Ferran Ellis, Company Law and Corporate Finance, First Indian Edn., 2003,
Conclusion)
Oxford University Press, New Delhi.

SEBI (ICDR) Regulations, 2009

Session 10: First Quarter Introduction to Corporate Ramaiya A , Guide to Companies Act ,18th edition. Reprint.Wadhwa,
Module III (Recap & Co- Governance (2006)
relation)
Second Quarter Importance and relevance of Bhandari, M.C, Guide to Company Law Procedures,20th edition . Wadhwa.
(Subject) Corporate Governance (2007).
Third Cases of corporate scams
Dutta C R, The Company Law, 6th edition Lexis Nexis Butterworths
Quarter(Cases) Enron, Worldcom, Satyam
Fourth Quarter Discussion and conclusion Wadhwa , (2008)
(Interaction, Bhandari M.C., Guide to Company Law Procedures, 19th Edn., Wadhwa and
Recap, Next
Company, Nagpur.
Session,
Conclusion) Majumdar A. K. and Dr. Kapoor G.K., Taxmanns Law and Practice, 1 1th
Edn., 2005, Taxmann Publications (P) Ltd. New Delhi
Ferran Ellis, Company Law and Corporate Finance, First Indian Edn., 2003,
Oxford University Press, New Delhi.

Articles
Afra Afsharipour , CORPORATE GOVERNANCE CONVERGENCE:
LESSONS FROM THE INDIAN EXPERIENCE, 29 Nw. J. Int'l L. & Bus. 335

13
 http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1413859
Varun Bhat , CORPORATE GOVERNANCE IN INDIA: PAST, PRESENT,
AND SUGGESTIONS FOR THE FUTURE, 3. 92 Iowa L. Rev. 1429
Lynne L. Dallas, THE MULTIPLE ROLES OF CORPORATE BOARDS OF
DIRECTORS, 40 San Diego L. Rev. 781
Session 11 First Quarter Recap on CG Compulsory readings
(Recap & Co- 1. Ramaiya A , Guide to Companies Act ,18th edition.
relation)
Second Quarter Corporate scams and Reprint.Wadhwa, (2006)
(Subject) Governance in companies and 2. Bhandari, M.C, Guide to Company Law Procedures,20th edition .
role of Directors Wadhwa. (2007).
Third History of corporate scams
Quarter(Cases) such as Pollypeck, Enron, Further readings
Worldcom, South East Asian 3. Dutta C R, The Company Law, 6th edition Lexis Nexis Butterworths
Market failure of 1997, Wadhwa , (2008)
Financial meltdown in 2007
and governance problems that 4. Majumdar A. K. and Dr. Kapoor G.K., Taxmanns Law and Practice,
led to the collapse 11th Edn., 2005, Taxmann Publications (P) Ltd. New Delhi
Fourth Quarter Discussion on Scams and 5. Ferran Ellis, Company Law and Corporate Finance, First Indian
(Interaction, evaluation of the student
Recap, Next views Edn., 2003, Oxford University Press, New Delhi.
Session, Watch the movie Ghafla
Conclusion) Articles
Afra Afsharipour , DIRECTORS AS TRUSTEES OF THE NATION? INDIA'S
CORPORATE GOVERNANCE AND CORPORATE SOCIAL
RESPONSIBILITY REFORM EFFORTS , 12. 34 Seattle U. L. Rev. 995

Umakanth Varottil, EVOLUTION AND EFFECTIVENESS OF

14
 INDEPENDENT DIRECTORS IN INDIAN CORPORATE GOVERNANCE,
20. 6 Hastings Bus. L.J. 281
Regina F. Burch, THE MYTH OF THE UNBIASED DIRECTOR, 41 Akron L.
Rev. 509

Margarita Sweeney-Baird , THE ROLE OF THE NON-EXECUTIVE

DIRECTOR IN MODERN CORPORATE GOVERNANCE., Comp. Law. 2006,
27(3), 67-81

Deirdre Ahern, NOMINEE DIRECTORS' DUTY TO PROMOTE THE

SUCCESS OF THE COMPANY: COMMERCIAL PRAGMATISM AND
LEGAL ORTHODOXY.L.Q.R. 2011, 127(Jan), 118-146

Krishna Thej, INDEPENDENT DIRECTORS IN THE COMPANIES ACT

2013: AN ANALYSIS. Comp. Law. 2014, 35(8), 246-254

Session 12 First Quarter Recap on the issues of Compulsory readings

(Recap & Co- Governance 1. Ramaiya A , Guide to Companies Act ,18th edition.
relation)
Second Quarter Auditors and their role Reprint.Wadhwa, (2006)
(Subject) position and rights and 2. Bhandari, M.C, Guide to Company Law Procedures,20th edition .
accountability under CG Wadhwa. (2007).
Third Cadbury Committee report,
Quarter(Cases) Kumar Mangalam Committee Further readings
report, Sarbans Oxley Act, 3. Dutta C R, The Company Law, 6th edition Lexis Nexis Butterworths
Naresh Chandra report,

15
 Narayan murthy report, JJ Wadhwa , (2008)
Irani report 4. Majumdar A. K. and Dr. Kapoor G.K., Taxmanns Law and Practice,
Fourth Quarter Discussion on common
(Interaction, features of the reports and 11th Edn., 2005, Taxmann Publications (P) Ltd. New Delhi
Recap, Next recap 5. Ferran Ellis, Company Law and Corporate Finance, First Indian
Session, Edn., 2003, Oxford University Press, New Delhi.
Conclusion)
Articles
Daniel Austin Green, WHITHER AND WHETHER AUDITOR
INDEPENDENCE , 44 Gonz. L. Rev. 365

Session 13 First Quarter Recap on Committee report Ferran Ellis, Company Law and Corporate Finance, First Indian Edn., 2003,
(Recap & Co- Oxford University Press, New Delhi.
relation)
Second Quarter Accounts in a company and Cases
(Subject) Position of auditors in a Tesco Supermarkets ltd v. Nattrass, 1977 AC 153
company - Oriental Metal Pressing Works (P) Ltd V B.K. Thakoor
Third Corporate scams and
Quarter(Cases) corporate governance [1961] 31 Comp cas 143, AIR (1961) SC 573
Fourth Quarter Conclusion - Kothari ( madras) Ltd V. My leaf Tobacco development Co
(Interaction,
(P) Ltd [1985] 57 Comp Cas 690 ( Karn)
Recap, Next
Session, - Percival v. Wright [1902] 2Ch 421
Conclusion) - Coleman v. Myners [1977] 2 NZLR 225
- Srinivasan v Subramanium AIR 1932 mad 100
- LIC v. Escorts (1986]1 SCC 264
- Saurashtra Cement & Ceminal Industries Ltd v Esma
Industries P Ltd (2001)103 Comp Cas 1041 Guj
- Vineet Kumar mathur V UOI (1996) 20 CLA 213

16
 (SC)
- Wipro Ltd v Anil Kumar Poddar (2010)159 Comp
Cas 350 (CLB)
Articles
Sarita Mohanty , New England Journal of International and Comparative Law
Spring, 2006 Article SARBANES-OXLEY: CAN ONE MODEL FIT ALL? 12
New Eng. J. Int'l & Comp. L. 231

Hugh Grove and Elisabetta Basilico, Major Financial Reporting Frauds Of The
21st Century: Corporate Governance And Risk Lessons Learned, Journal Of
Forensic & Investigative Accounting, Vol. 3, Issue 2, Special Issue, 2011
http://papers.ssrn.com/sol3/papers.cfm?
abstract_id=2277524&download=yes

Session 14:
Session 15: First Quarter Importance of meetings in Compulsory readings
Module IV (Recap & Co- management of company 1. Ramaiya A , Guide to Companies Act ,18th edition.
relation)
Second Quarter Role of meetings from Reprint.Wadhwa, (2006)
(Subject) corporate governance 2. Bhandari, M.C, Guide to Company Law Procedures,20th edition .
perspective Wadhwa. (2007).
Third Meetings under Companies
Quarter(Cases) Act, 2013 Further readings
Fourth Quarter Discussion on the role of 3. Dutta C R, The Company Law, 6th edition Lexis Nexis Butterworths
(Interaction, meetings- critique
Wadhwa , (2008)
Recap, Next
Session, 4. Majumdar A. K. and Dr. Kapoor G.K., Taxmanns Law and Practice,

17
 Conclusion) 11th Edn., 2005, Taxmann Publications (P) Ltd. New Delhi
5. Ferran Ellis, Company Law and Corporate Finance, First Indian
Edn., 2003, Oxford University Press, New Delhi.
Cases
- Dy Secretary v S N Das Gupta (1955) 25 Comp Cas 413 AIR 1956
Cak 141
- Ultramarea Corporation v Touche (1931) 2 55 NY Rep 170 reported
in Candler v Crane, Christmas & Co (1951) 2 KB 164
- Caparo Industries plc v Dickman [1990] 2 AC 605
- Morgan Crucible Co Plc v Hill Samuel Bank Ltd (1990) 3 All ER
331
- ChDDy Secretary v S N Das Gupta (1955) 25 Comp Cas 413 AIR
1956 Cak 141
- Ultramarea Corporation v Touche (1931) 2 55 NY Rep 170 reported
in Candler v Crane, Christmas & Co (1951) 2 KB 164
- Caparo Industries plc v Dickman [1990] 2 AC 605
- Morgan Crucible Co Plc v Hill Samuel Bank Ltd (1990) 3 All ER
331 ChD
Session 16: First Quarter Recap on role of meetings Compulsory readings
(Recap & Co- 1. Ramaiya A , Guide to Companies Act ,18th edition.
relation)
Second Quarter Kinds of meeting Reprint.Wadhwa, (2006)
(Subject) 2. Bhandari, M.C, Guide to Company Law Procedures,20th edition .
Third Cases
Wadhwa. (2007).
Quarter(Cases)
Fourth Quarter Evaluation of role of meetings Further readings

18
 (Interaction, 3. Dutta C R, The Company Law, 6th edition Lexis Nexis Butterworths
Recap, Next Wadhwa , (2008)
Session,
4. Majumdar A. K. and Dr. Kapoor G.K., Taxmanns Law and Practice,
Conclusion)
11th Edn., 2005, Taxmann Publications (P) Ltd. New Delhi
5. Ferran Ellis, Company Law and Corporate Finance, First Indian
Edn., 2003, Oxford University Press, New Delhi.

Session 17 First Quarter Recap on Shareholder Compulsory readings

(Recap & Co- activism 1. Ramaiya A, Guide to Companies Act ,18th edition.
relation)
Second Quarter Majority Rule and corporate Reprint.Wadhwa, (2006)
(Subject) democracy 2. Bhandari, M.C, Guide to Company Law Procedures,20th edition .
Third Problems with corporate
Wadhwa. (2007).
Quarter(Cases) democracy
Fourth Quarter Discussion and conclusion Further readings
(Interaction, 3. Dutta C R, The Company Law, 6th edition Lexis Nexis Butterworths
Recap, Next
Wadhwa , (2008)
Session,
Conclusion) 4. Majumdar A. K. and Dr. Kapoor G.K., Taxmanns Law and Practice,
11th Edn., 2005, Taxmann Publications (P) Ltd. New Delhi
5. Ferran Ellis, Company Law and Corporate Finance, First Indian
Edn., 2003, Oxford University Press, New Delhi.

Session 18 First Quarter Oppression and Compulsory readings

(Recap & Co- mismanagement in companies 1. Ramaiya A , Guide to Companies Act ,18th edition.
relation)
Second Quarter Jurisprudence and Reprint.Wadhwa, (2006)
(Subject) development 2. Bhandari, M.C, Guide to Company Law Procedures,20th edition .
Third Cases on oppression and

19
Quarter(Cases) mismanagement Wadhwa. (2007).
Fourth Quarter Recap and conclusion
Further readings
(Interaction,
Recap, Next 3. Dutta C R, The Company Law, 6th edition Lexis Nexis Butterworths
Session, Wadhwa , (2008)
Conclusion) 4. Majumdar A. K. and Dr. Kapoor G.K., Taxmanns Law and Practice,
11th Edn., 2005, Taxmann Publications (P) Ltd. New Delhi
5. Ferran Ellis, Company Law and Corporate Finance, First Indian
Edn., 2003, Oxford University Press, New Delhi.
Cases

Dirak Dieter Ramsauer Kanstruktions elementa GMBH v SD Chakravarty

(2010) 4 Comp L J 149 ( Kar)

Foss V Harbottle (1843) 67 ER 189

Bhajekar v Shinkar AIR 1934 Bom 243

Stein v Blake (1998) 1 All ER 724

Shanti Prasad Jain v Kalinga Tubes Ltd (1965) 35 Com Cases 351

Re. Bellodor Silk Ltd (1965) 1 All ER 667

Needle Industries V Needle Industries Newy (India) Ltd (1981) SC 1298

Tea Brokers P Ltd v Hemlata Prasad Barooah (1998) 5 Comp LJ 463 (Cal)

20
 Naveen Kedia v Chennai Power Generation Ltd (1999) 95 Com Cases 640

B R Kundra v Motion Pictures Association Delhi (1978) 48 Com Cases 536 (

Del)

Hanuman Prasad Bagri v Bagress cerels P Ltd AIR 2001 SC 1416)

D K Chatterji v Rapti Supertonics P Ltd (2003) 114 Comp Cases 265 CLB

Session 19: First Quarter Introduction on corporate Compulsory readings

Module V (Recap & Co- restructuring and why it is 1. Ramaiya A, Guide to Companies Act ,18th edition.
relation) important
Second Quarter Discussion on necessity of Reprint.Wadhwa, (2006)
(Subject) corporate restructuring 2. Bhandari, M.C, Guide to Company Law Procedures,20th edition .
Third Modes of corporate
Wadhwa. (2007).
Quarter(Cases) restructuring
Fourth Quarter Discussion and recap Further readings
(Interaction, 3. Dutta C R, The Company Law, 6th edition Lexis Nexis Butterworths
Recap, Next
Wadhwa , (2008)
Session,
Conclusion) 4. Majumdar A. K. and Dr. Kapoor G.K., Taxmanns Law and Practice,
11th Edn., 2005, Taxmann Publications (P) Ltd. New Delhi
5. Ferran Ellis, Company Law and Corporate Finance, First Indian
Edn., 2003, Oxford University Press, New Delhi.

Session 20 First Quarter Reduction of share capital Compulsory readings

(Recap & Co- 1. Ramaiya A , Guide to Companies Act ,18th edition.
relation)

21
 Second Quarter Buy back Reprint.Wadhwa, (2006)
(Subject) 2. Bhandari, M.C, Guide to Company Law Procedures,20th edition .
Third Difference between the two
Quarter(Cases) Wadhwa. (2007).
Fourth Quarter Discussion and recap Further readings
(Interaction,
3. Dutta C R, The Company Law, 6th edition Lexis Nexis Butterworths
Recap, Next
Session, Wadhwa , (2008)
Conclusion) 4. Majumdar A. K. and Dr. Kapoor G.K., Taxmanns Law and Practice,
11th Edn., 2005, Taxmann Publications (P) Ltd. New Delhi
5. Ferran Ellis, Company Law and Corporate Finance, First Indian
Edn., 2003, Oxford University Press, New Delhi.
Articles
Mohit Rohatgi., THE OPERATION OF THE MANDATORY BID RULE AS A
RESULT OF BUY-BACK: RECENT DEVELOPMENTS ININDIA., L. &
F.M.R. 2012, 6(5), 360-367

Session 21 First Quarter Recap Compulsory readings

(Recap & Co- 1. Ramaiya A , Guide to Companies Act ,18th edition.
relation)
Second Quarter Mergers and acquisitions from Reprint.Wadhwa, (2006)
(Subject) domestic and foreign 2. Bhandari, M.C, Guide to Company Law Procedures,20th edition .
perspective Wadhwa. (2007).
Third Regulatory framework
Quarter(Cases) governing M&A Further readings
Fourth Quarter Discussion and recap 3. Dutta C R, The Company Law, 6th edition Lexis Nexis Butterworths
(Interaction,
Wadhwa , (2008)
Recap, Next
Session, 4. Majumdar A. K. and Dr. Kapoor G.K., Taxmanns Law and Practice,

22
 Conclusion) 11th Edn., 2005, Taxmann Publications (P) Ltd. New Delhi
5. Ferran Ellis, Company Law and Corporate Finance, First Indian
Edn., 2003, Oxford University Press, New Delhi.
Articles
Afra Afsharipour ,Symposium -- The Asian Century? Lost in Translation?
RISING MULTINATIONALS: LAW AND THE EVOLUTION OF
OUTBOUND ACQUISITIONS BY INDIAN COMPANIES, 10. 44 U.C. Davis
L. Rev. 1029
Session 22 First Quarter Competition law and M&A Compulsory readings
(Recap & Co- 1. Ramaiya A , Guide to Companies Act ,18th edition.
relation)
Second Quarter Regulation on combination Reprint.Wadhwa, (2006)
(Subject) under Competition Act 2. Bhandari, M.C, Guide to Company Law Procedures,20th edition .
Third Discussion on cases
Wadhwa. (2007).
Quarter(Cases)
Fourth Quarter Conclusion Further readings
(Interaction, 3. Dutta C R, The Company Law, 6th edition Lexis Nexis Butterworths
Recap, Next
Wadhwa , (2008)
Session,
Conclusion) 4. Majumdar A. K. and Dr. Kapoor G.K., Taxmanns Law and Practice,
11th Edn., 2005, Taxmann Publications (P) Ltd. New Delhi
5. Ferran Ellis, Company Law and Corporate Finance, First Indian
Edn., 2003, Oxford University Press, New Delhi.

Session 23: First Quarter Introduction on winding up Compulsory readings

Module VI (Recap & Co- 1. Ramaiya A , Guide to Companies Act ,18th edition.
relation)
Second Quarter Differnet kinds of winding up Reprint.Wadhwa, (2006)

23
 (Subject) and winding up by the court 2. Bhandari, M.C, Guide to Company Law Procedures,20th edition .
Third Cases on various instances
Wadhwa. (2007).
Quarter(Cases) when court can /has ordered
winding up Further readings
Fourth Quarter Discussion and conclusion 3. Dutta C R, The Company Law, 6th edition Lexis Nexis Butterworths
(Interaction,
Wadhwa , (2008)
Recap, Next
Session, 4. Majumdar A. K. and Dr. Kapoor G.K., Taxmanns Law and Practice,
Conclusion) 11th Edn., 2005, Taxmann Publications (P) Ltd. New Delhi
5. Ferran Ellis, Company Law and Corporate Finance, First Indian
Edn., 2003, Oxford University Press, New Delhi.

Session 24 First Quarter Recap on winding up by court Compulsory readings

(Recap & Co- 1. Ramaiya A , Guide to Companies Act ,18th edition.
relation)
Second Quarter Voluntary winding up Reprint.Wadhwa, (2006)
(Subject) shareholders winding up and 2. Bhandari, M.C, Guide to Company Law Procedures,20th edition .
creditors winding up Wadhwa. (2007).
Third cases
Quarter(Cases) Further readings
Fourth Quarter Discussion and conclusion 3. Dutta C R, The Company Law, 6th edition Lexis Nexis Butterworths
(Interaction,
Wadhwa , (2008)
Recap, Next
Session, 4. Majumdar A. K. and Dr. Kapoor G.K., Taxmanns Law and Practice,
Conclusion) 11th Edn., 2005, Taxmann Publications (P) Ltd. New Delhi
5. Ferran Ellis, Company Law and Corporate Finance, First Indian
Edn., 2003, Oxford University Press, New Delhi.

Session 25 First Quarter Recap on winding up Compulsory readings

24
 (Recap & Co- 1. Ramaiya A , Guide to Companies Act ,18th edition.
relation) Reprint.Wadhwa, (2006)
Second Quarter Position and role of
(Subject) Liquidators 2. Bhandari, M.C, Guide to Company Law Procedures,20th edition .
Third cases Wadhwa. (2007).
Quarter(Cases)
Further readings
Fourth Quarter Discussion on role position
(Interaction, and issues relating to 3. Dutta C R, The Company Law, 6th edition Lexis Nexis Butterworths
Recap, Next Liquidator Wadhwa , (2008)
Session,
4. Majumdar A. K. and Dr. Kapoor G.K., Taxmanns Law and Practice,
Conclusion)
11th Edn., 2005, Taxmann Publications (P) Ltd. New Delhi
5. Ferran Ellis, Company Law and Corporate Finance, First Indian
Edn., 2003, Oxford University Press, New Delhi.

Session 26: First Quarter Introduction to securities Compulsory readings

Module (Recap & Co- market, role and powers of 1. Ramaiya A , Guide to Companies Act ,18th edition.
VII relation) SEBI
Second Quarter Powers of SEBI, Insider Reprint.Wadhwa, (2006)
(Subject) trading Regulation 2. Bhandari, M.C, Guide to Company Law Procedures,20th edition .
Third Landmark decisions in recent
Wadhwa. (2007).
Quarter(Cases) cases
Fourth Quarter Discussion and conclusion Further readings
(Interaction, 3. Dutta C R, The Company Law, 6th edition Lexis Nexis Butterworths
Recap, Next
Wadhwa , (2008)
Session,
Conclusion) 4. Majumdar A. K. and Dr. Kapoor G.K., Taxmanns Law and Practice,
11th Edn., 2005, Taxmann Publications (P) Ltd. New Delhi
5. Ferran Ellis, Company Law and Corporate Finance, First Indian
Edn., 2003, Oxford University Press, New Delhi.

25
 Articles
Abhinav Chandrachud, 10 Wash. U. Global Stud. l. Rev. 187, the emerging
market for corporate control in india: assessing (and devising) shark repellents
for india's regulatory environment
Jesse M. Fried, INSIDER TRADING VIA THE CORPORATION, 162 U. Pa.
L. Rev. 801
Session 27 First Quarter Role of SEBI and Takeover Compulsory readings
(Recap & Co- code 1. Ramaiya A , Guide to Companies Act ,18th edition.
relation)
Second Quarter Provisions under takeover Reprint.Wadhwa, (2006)
(Subject) code 2. Bhandari, M.C, Guide to Company Law Procedures,20th edition .
Third cases
Wadhwa. (2007).
Quarter(Cases)
Fourth Quarter Discussion and conclusion Further readings
(Interaction, 3. Dutta C R, The Company Law, 6th edition Lexis Nexis Butterworths
Recap, Next
Wadhwa , (2008)
Session,
Conclusion) 4. Majumdar A. K. and Dr. Kapoor G.K., Taxmanns Law and Practice,
11th Edn., 2005, Taxmann Publications (P) Ltd. New Delhi
5. Ferran Ellis, Company Law and Corporate Finance, First Indian
Edn., 2003, Oxford University Press, New Delhi.
Articles
Shaun J. Mathew, HOSTILE TAKEOVERS IN INDIA: NEW PROSPECTS,
CHALLENGES, AND REGULATORY OPPORTUNITIES, 2007 Colum. Bus.
L. Rev. 800

K. Srinivasa Reddy, V.K. Nangia and Rajat Agarawal, rewriting and impact of

26
 Indian Takeover Code.. Int. J.L.M. 2011, 53(4), 241-251

John Armour, Jack B. Jacobs, Curtis J. Milhaupt, THE EVOLUTION OF

HOSTILE TAKEOVER REGIMES IN DEVELOPED AND EMERGING
MARKETS: AN ANALYTICAL FRAMEWORK , Harv. Int'l L.J. 21910 Wash.
U. Global Stud. L. Rev. 187

Session 28 First Quarter Securities Market Compulsory readings

(Recap & Co- 1. Ramaiya A , Guide to Companies Act ,18th edition.
relation)
Second Quarter Shareholder activism Reprint.Wadhwa, (2006)
(Subject) 2. Bhandari, M.C, Guide to Company Law Procedures,20th edition .
Third Instances of shareholder
Wadhwa. (2007).
Quarter(Cases) activism
Fourth Quarter Discussion and conclusion Further readings
(Interaction, 3. Dutta C R, The Company Law, 6th edition Lexis Nexis Butterworths
Recap, Next
Wadhwa , (2008)
Session,
Conclusion) 4. Majumdar A. K. and Dr. Kapoor G.K., Taxmanns Law and Practice,
11th Edn., 2005, Taxmann Publications (P) Ltd. New Delhi
5. Ferran Ellis, Company Law and Corporate Finance, First Indian
Edn., 2003, Oxford University Press, New Delhi.
Articles
Iman Anabtawi, SOME SKEPTICISM ABOUT INCREASING

27
 SHAREHOLDER POWER, 53 UCLA L. Rev. 561
Ann M. Scarlett, INVESTORS BEWARE: ASSESSING SHAREHOLDER
DERIVATIVE LITIGATION IN INDIA AND CHINA, 33 U. Pa. J. Int'l L. 173

Session 29: First Quarter Corporate disputes Compulsory readings

Module (Recap & Co- 1. Ramaiya A , Guide to Companies Act ,18th edition.
VIII relation)
Second Quarter ADR and corporate disputes Reprint.Wadhwa, (2006)
(Subject) 2. Bhandari, M.C, Guide to Company Law Procedures,20th edition .
Third Benefits
Wadhwa. (2007).
Quarter(Cases)
Fourth Quarter Discussion and conclusion Further readings
(Interaction, 3. Dutta C R, The Company Law, 6th edition Lexis Nexis Butterworths
Recap, Next
Wadhwa , (2008)
Session,
Conclusion) 4. Majumdar A. K. and Dr. Kapoor G.K., Taxmanns Law and Practice,
11th Edn., 2005, Taxmann Publications (P) Ltd. New Delhi
5. Ferran Ellis, Company Law and Corporate Finance, First Indian
Edn., 2003, Oxford University Press, New Delhi.

Session 30 First Quarter National Company Law Compulsory readings

(Recap & Co- Tribunal 1. Ramaiya A , Guide to Companies Act ,18th edition.
relation)
Second Quarter Constitutionality of NCLT Reprint.Wadhwa, (2006)
(Subject) 2. Bhandari, M.C, Guide to Company Law Procedures,20th edition .
Third President bar Association
Wadhwa. (2007).
Quarter(Cases) Case 2004
Fourth Quarter Recap and conclusion Further readings
(Interaction, 3. Dutta C R, The Company Law, 6th edition Lexis Nexis Butterworths
Recap, Next

28
 Session, Wadhwa , (2008)
Conclusion) 4. Majumdar A. K. and Dr. Kapoor G.K., Taxmanns Law and Practice,
11th Edn., 2005, Taxmann Publications (P) Ltd. New Delhi
5. Ferran Ellis, Company Law and Corporate Finance, First Indian
Edn., 2003, Oxford University Press, New Delhi.

Detailed Assessment Plan:

Sr. Mode of Assessment Proposed Date of Proposed Date of Marks Proposed Date of
No. Announcement Assessment/Submission Declaration of Marks
1. Project report and viva Second week of July Aug 20, 2015 25+5=30 September 10, 2015
2. Case Analysis and 15 + 15=30
Second week of
Presentation October 5-10, 2015 October 10
September, 2015
(group of 3)
3. Test (optional) 11 /9/2015 16/10/15 30 One week

Name and Signature of faculty (Chief faculty and Co-faculty)

Prof. Semanti Choudhury

29