Company Law

Index to BCI Study Material for first AIBE, 2011

COMPANY LAW

Topic Sub- Topic Page(P), Column(C), Line

(L)
Definition Company as legal person, Pg. 22, C-I, L-5 – Pg. 22, C-I,
Illustration L-46
Lifting of corporate veil Danger to public interest, Pg. 22, C-I, L-50 – Pg. 23, C-
Illustration I, L-30

To avoid tax evasion,

Illustration

In case of fraud or improper

conduct, Illustration

Kinds of Companies i) Private Company and Public Pg. 23, C-I, L-30 – Pg. 24, C-
Company, Illustration II, L-50

ii) Limited and Unlimited

Company, Illustration

iii) Government Company

iv) Holding and Subsidiary

Company, Illustration

v) Listed Company

vi) Foreign Company,

Illustration

Incorporation and .
Constitutional Documents of
a Company

Memorandum of Association
Name clause Pg. 25, C-I, L-42

Objects clause Pg. 25, C-II, L-21

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Company Law

Liability clause Pg. 26, C-I, L-26

Articles of Association Doctrine of Constructive Pg. 26, C-II, L-43 – Pg. 27, C-
Notice, Illustration I, L-15

Doctrine of Indoor Pg. 27, C-I, L-15- Pg. 27, C-II,

Management , Illustration L-12
Preference Shares

Sweat Equity Shares

Transfer of Shares Transfer rights of members of Pg. 28, C-II, L-35 – Pg. 29, C-
a private company, Illustration II, L-7
Transfer rights of members of
a public company, Illustration

Forfeiture of shares,
Illustration
Directors Appointment of a director and Pg. 29, C-II, L-10 – Pg. 32, C-
conditions for the same, II, L-22
Illustration
Term of Appointment

Powers of Directors,
Illustration
Duties and Liabilities,
Illustration

Kinds of Directors Whole- time Director Pg. 30, C-I, L-28 – Pg. 30, C-
Independent Director II, L-24
Managing Director

Management and Control of Pg. 32, C-II, L-26 – Pg. 33, C-

Company I, L-4

Board Meetings, Illustration

Annual General Meeting, Pg. 33, C-I, L-5 – Pg. 34, C-I,
Shareholders’ Meetings Illustration L-34

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Company Law
Compromise, Arrangement,
Reconstruction
Amalgamation, Illustration
Dividends, Accounts and
Audit
Rights of the Minority
Shareholders
Prevention of Oppression and
Mismanagement, Illustration
Winding up of the Company
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Extra Ordinary General
Meeting, Illustration
Requisites of a Valid
Shareholders’ Meeting,
Illustration
Voting at a Shareholders’
Meeting, Illustration
Ordinary and Special
Resolution, Illustration
Conditions for each as given Pg. 34, C- I, L-39 – Pg. 35, C-
under Section 391- 396 of the II, L-27
Companies Act, Illustration
Pg. 35, C-II, L-28 – Pg. 36, C-
I, L-14
Dividends , Illustration Pg. 36, C-I, L-19 – Pg. 36, C-
II, L-42
Accounts and Audit,
Illustration
Majority Rule (Foss v Pg. 36, C-II, L-45 – Pg. 37, C-
Harbottle), Illustration II, L-6
Exception to the majority rule
giving rights to the minority
shareholders, Illustration
Pg. 37, C-II, L-10– Pg. 38, C-
I, L-30
Compulsory Winding up of Pg. 38, C-I, L-33– Pg. 39, C-I,
the Company, Illustration L-51
Various grounds for the order
of the court, Illustration
Role of the Liquidator,
Illustration
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Company Law

Voluntary Winding up of the Members’ and Creditors’ Pg. 39, C-II, L-4– Pg. 40, C-I,
Company Winding up, Illustration L-16
Payment of Liabilities,
Illustration

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