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Lecture Notes

UNIT 1:
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Company – Definition, Meaning, Nature and its Characteristics – Promoters – Meaning – Duties - Responsibilities and Liabilities - Formation of Companies – Types of Compan
UNIT 2:
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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 3:
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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 4:
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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 5:
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Introduction - Types of Meeting – Report - Requisites of Valid Meeting - Winding up of Companies: Introduction - Modes of winding up - Commencement of winding up.