What is Company Law
A company law is also known as corporate law or business law. It is the body of law which governs the rights and relationships, and actions of individuals, organisations, and businesses. The term refers to the legal practice of corporate law or the theory of corporations. Corporate law is often used to describe the laws that govern things that come up during the life of a company.
Corporate Law is a sub-discipline of Law and provides a framework for the incorporation, regulation, and winding up of companies. Here, are few types of entities recognised under Indian law namely Private Limited Company and public company and sole proprietor. Company Law course prepared the students in various topics such as Introduction to Company Law, Formation of a Company, Promoters of a Company, and Corporate Social Responsibility.
Highlights: Company Law
Particulars | Values |
---|---|
Branch Name | Company Law |
Degree | LLB, Integrated LLB, LLM |
Duration | LLB (3 years) Integrated LLB (5 years) LLM (2 years) |
Eligibility | LLB (Graduate with 50 percent of aggregate marks from recognised board) |
Integrated LLB (10+2 with 50 percent of aggregate marks from recognised board) | |
LLM (Bachelors of Law Degree with 50 percent of aggregate marks) | |
Admission Process | LLB (Entrance exams like CLAT, TS LAWCET, AILET, LSAT) |
Integrated LLB (Entrance exams like CLAT, LSAT, AILET) | |
LLM (Entrance exams like AILET, IPU CET, BHU UET) | |
Top Entrance Exams | |
Course Fees | LLB (Rs 1,00,000 to Rs 1,50,000) |
Integrated LLB ( Rs 1,50,000 to Rs 5,00,000) | |
LLM (Rs 1,50,000 to Rs 5,00,000 ) | |
Top Colleges | Jindal Global Law School, SLS Pune - Symbiosis Law School, ICFAI Law School, University School of Law and Legal Studies, SLCU Bangalore - School of Law, Christ University, Bharati Vidyapeeth Deemed University New Law College. |
Career options | Legal Manager, Legal advisor, Legal Counsel, Corporate laywer, Company Secretary Legal Officer, Regulatory affairs. |
Average Salary | Rs 1,70,000 to Rs 29,00,000 |
Recruiting Companies | Trilegal India, Anand and Anand, DSK legal, Phoenix legal |
Top Company Law Colleges in India
Company Law courses are offered by many universities and colleges. Company Law fee is mostly based on the degree programme which is chosen by the student, type and location of the college. Some of India's top Company Law colleges are listed in the table below.
Colleges | Fees |
---|---|
- | |
- | |
University College of Law, Mohanlal Sukhadia University, Udaipur | Rs 10,000 |
Rs 10,000 | |
- |
Top Private Company Law Colleges in India
Company Law courses are offered by a number of private universities and colleges in India. Admission is offered based on previous academic achievements and the results of the entrance examinations. The table below lists some of India's best private Company Law colleges.
Colleges | Fees |
---|---|
IEC University, Baddi | - |
Radha Govind University, Ramgarh | - |
Top Government Company Law Colleges in India
In India, there are many government universities and colleges that offer Company Law courses among various degree programmes. To be eligible for the admissions prior academic achievements and entrance examination scores seen to determine admission for Company Law courses. India's best government Company Law colleges are listed in the table below.
Colleges | Fees |
---|---|
- | |
University College of Law, Mohanlal Sukhadia University, Udaipur | Rs 10,000 |
Rs 10,000 | |
- |
Specialisation or Similar Ones
Company Law Course encompasses various specialisations that cater to the diverse requirements of different industries. Important topics of Company Law are Introduction to Company Law, Formation of a Company, Promoters of a Company, MoA, Prospectus of a Company, Winding Up of Companies. Some of the specialisation of Company Law are:
- Private Limited Company
- Public Company, Sole Proprietorship
- One Person Company, Partnership
- Limited Liability Partnership (LLP)
Below, we have mentioned some of the major degree programmes in Company Law and related course:
PG Diploma in Company Law Banking and Insurance | |
LLM Company Law |
Eligibility Criteria (UG & PG) of Company Law
Company Law eligibility varies from one university to another. Candidates should check the eligibility criteria for the undergraduate and postgraduate level in Company Law. Generally for a UG course in Company Law, the candidates are required to have passed their 10+2 examination in any discipline from a recognised board with a valid aggregate score specified by the chosen institute. For a PG course, the candidates need to have a Bachelor’s degree in the field of Law or related discipline with a minimum aggregate score. Here, are the important points to be remembered when enrolling into various universities:
Eligibility Criteria for UG courses
Students who want to pursue an undergraduate degree in the field of Company Laws, must meet certain eligibility requirements of the desired institute to be eligible for the admissions. For a UG course in Company Law, the candidates are required to have passed their 10+2 examination in any discipline from a recognised board with a valid aggregate score specified by the chosen institute. Mentioned below are the general eligibility requirements for a UG course in the Company Laws field.
- Students should have passed 10+2 in any discipline from the recognised board. The certificates earned by them should be given to the university while applying for the course.
- A student who wants to pursue the UG course must score at least 50 percent aggregate marks at 10+2 level.
- A student belonging to the general category has to score 45 percent and if they belong to SC and ST they have to score at least 40 percent. Then they are eligible to apply for a Law course at UG level.
- LLB UG admission is done on the basis of various LLB entrance exams such as CLAT, AILET, LSAT, and DU LLB.
Top Entrance Exams for UG Courses
CLAT- Common-Law Admission Test (CLAT) is an entrance test in the area of law that is conducted by the National Law University at a national level in India. It is an offline examination and is widely accepted in most law institutions and colleges.
LSAT- LSAT is an Indian national level law entrance exam, conducted by the law school admission council. The mode of exam is online and counselling is done offline.
AILET:AILET or All India Law Entrance Test is a national level entrance examination conducted by the National Law School, Delhi. AILET exam offers 110 BA LLB courses and 70 LLM seats.
MH CET- Maharashtra Common Entrance Test is a state level entrance examination for law courses conducted by Directorate of Higher Education Mumbai for admission in the law colleges across Maharashtra.
Eligibility Criteria for PG courses
Candidates wishing to apply for postgraduate courses in the field of Company Law must meet the eligibility criteria of the desired institute. For a PG course, they need to complete a LLB degree with a valid aggregate score from a recognised university. They must also pass an entrance examination such as CLAT PG, LSAT, and AILET with a valid percentage.
- Students need to complete their LLB course in any specialisation to be eligible for pursuing Company Law at the postgraduate degree level.
- They should pass their LLB from a recognised university India.
- Some colleges also require individuals to have work experience.
- Students should appear for the entrance examination such as CLAT PG, LSAT, AILET.
Top Entrance Exams for PG Courses
CLAT PG: CLAT PG or Common-Law Admission Test Post Graduate is conducted by the National Law University. It is a national level entrance test in the area of law which. CLAT PG is conducted in the offline examination and recognised by most of the law institutions and colleges.
College Predictors VIEW ALL
Scope of Company Law in India and Abroad
The scope of Company Law is very vast in India and abroad and includes various legal and regulatory aspects related to companies. Company Law is a developing field therefore there are numerous opportunities for growth and specialisation. Candidates interested in legal aspects of commercial transactions, such as drafting contracts, insurance, finance, bank guarantees, and investments. Can opt for this course. The graduates have a wide range of job opportunities because every business requires a legal advisor. If students earn a degree in company law, individuals will have many options for employment after graduation, including banks, insurance companies, and other legal service providers. A master's in corporate law can open doors in the academic world, allowing lawyers to pursue a career as a professor or lecturer in a college or university for teaching law subjects.
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Course Subjects
In this section we have mentioned the syllabus of undergraduate and postgraduate courses of company law specialisation. Some of the courses offered at undergraduate and postgraduate degrees in the field of Company Law are Kind of Companies, Role of Promoters, Legal Position of Promoters, Memorandum of Association, Introduction to basic legal framework in India, and Introduction and basis of classification of companies.
Company Law Syllabus for UG course
The company law subjects can be pursued in undergraduate, postgraduate, diploma, postgraduate diploma and executive level. Company law majorly studied as a paper in the LLB degree. Below, we have mentioned the Company Law subjects from the LLB syllabus of the Shivaji University, Kolhapur.
Unit - I (Company and its Nature and Scope) | |
Meaning, Definition and characteristics of company | Historical background of company |
Kinds of companies | Merits and Demerits of Incorporation of company |
Unit - II (Procedure for Incorporation of companies) | |
Role of promoters, Legal Position of Promoter | Pre-incorporation contracts |
Memorandum of Association | Articles of Association |
Doctrine of Endowment Exceptions | - |
Unit - III (Prospectus, Shares and Debentures) | |
Formalities of issue Prospectus - Misrepresentation of Prospectus - Golden Rule | Shares - Meaning, Types of Shares and Transfer of shares |
Share Capital, Meaning, Kinds, Alternation, Reduction and Voting Rights | Debenture - Meaning, Types, Charge-Fixed and Floating, Crytalisation of Floating charge |
Borrowing Powers - Effective of unauthorised borrowings | - |
Unit - IV (Members and Membership Rights) | |
Modes of acquiring Membership | Rights and Privileges of Members and Shareholders |
Transfer and Registration of Transfer of Securities | Transmission of Securities |
Dividend - Rules as to Payment of Dividend | - |
Unit - V (Management and Administration of Company) | |
Directors - Appointment, Qualifications, Types | Directors Position, Powers, Functions |
Duties and Liabilities of Directors | Meetings, Kinds, Requisites of Valid Meeting |
Audit and Accounting System - Legal Position of Audit | - |
Unit - VI (Oppression and Mismanagement) | |
Meaning of Oppression and Mismanagement | Prevention of Oppression and Mismanagement - Rule in Foss v/s Harbottle (1843) |
Powers of Company Law Board and Central Government | Inspection and Investigation |
Role of Serious Fraud Investigation Office (SF10) | - |
Unit - VII (Amalgamation and winding up) | |
Merger and Demerger of Company | Amalgamation, Compromise and Arrangement |
Winding up - Meaning, Types, Procedure | Payment of Liabilities in the event of winding up |
Role of Official Liquidator, Court and National Company Law Tribunal | - |
Unit - VIII (Corporate Governance) | |
Significance of Corporate Governance | Corporate social Responsibility |
Corporate Criminal Liability | Corporate Liability under Environmental Laws |
Offences and Penalties of Company under Companies Act, 2013 | - |
Company Law Syllabus for PG course
The company law subjects can be studied in postgraduate, postgraduate diploma and executive level. Below, we have mentioned the topics that are pursued in the Company law subject which is studied as a part of postgraduate degree courses at Symbiosis College Of Arts & Commerce.
Unit 1 (Nature and Types of Companies) | |
Introduction to basic legal framework in India | Company as a business medium |
Basic characteristics of partnership under Partnership Act 1932 | Introduction and basis of classification of companies |
Unit 2 (Promotion and incorporation) | |
Definition of the word ‘promoter’. | Memorandum of Association (MoA) |
Preliminary Contracts/Pre-incorporation contracts | - |
Unit 3 (Main source of Finance and Issue of Shares) | |
Meaning and classification of capital | Meaning and definition of prospectus |
Allotment of securities | - |
Unit 4 (Membership) | |
Definition of member | Provision regulating transfer of Securities |
Careers in Company Law
The Company Law programme allows students to work in a number of corporate and government sectors. Candidates can work in a wide range of work environments, including colleges, corporate sectors, and other organisations. Some of the top careers that can be pursued by the Company Law students are mentioned below.
Company Lawyer | Company lawyer is the professional who works in various corporate offices, managing the funding, running, and ending of a business. |
Solicitor | A member of the legal profession qualified to deal with conveyancing, the drawing up of wills, and other legal matters. A solicitor instructs barristers and represents clients in some courts. |
Legal Counsel | A Legal Counsel is a law professional responsible to make sure that the company's business is adhering to law. Legal Counsel is a regulation specialist accountable to make certain that a company's enterprise is adhering to regulation. |
A business lawyer is responsible for serving corporations with legal matters. He or she plays a role to ensure every detail to the company. | |
A Financial Analyst guides the businesses and individuals to expand the business and make profits.He or she also manages the stocks, bonds and other investments. | |
A compliance officer is a worker of an agency that guarantees the company is in compliance with its outside regulatory and legal necessities in addition to inner guidelines and bylaws. |
Upcoming trends
Even though legal topics also need to be updated in upcoming years. It has experienced an unexpected spike in boom due to modifications in work patterns and client demands. A rise in rising trends in the legal enterprise is now replacing conventional legal services, enabling the arena to deal with the growing competition and preserve a strong function in the market.
- Artificial intelligence: AI refers to the usage of computer generation to replicate the sensible conduct of human beings or to do precise responsibilities that require human intelligence. Artificial intelligence is utilized in law companies for report review, legal research, settlement analysis, proofreading and rewriting.
- Blockchain Technology: Blockchain is a system of recording records in a manner that makes it tough or not possible to change, hack, or cheat the gadget. A blockchain is largely a virtual ledger of transactions that is duplicated and dispensed throughout the complete community of laptop structures at the blockchain.
- Big Data Analytics: There are endless uses of Big Data; from submitting a case to monitoring down the evidence; it performs a primary function in everything. Despite our expectations, Big Data is proving to be a good deal greater than we expected. With the arrival of Big Data, regulation enforcement officials have got entry to new revolutionary strategies that could assist them to seize a wider variety of criminals more effectively.
Job Profiles and Top Recruiters
Company Law graduates can be employed in various organisations such as Law Firms, Corporation, Banks and Financial Institutions, Government Agencies, and Non- Profit Agencies. Some of the popular career options are Business Lawyer, Corporate Lawyer, Litigator, Administrative Law Officer and Business Development and Sales for Law Firms. Some of the top recruiters are:
Top Recruiters
Vahura | BEEL |
Repco Bank | IBM |
Infosys | S & R Associates |
Trilegal | J Sagar Associates |
Average Salary
The salary after completing a course in Company Law depends on the skills and accomplishments of the candidate, job profile and location of the company. In the table below we have listed the average salary of some of the most popular career options chosen after the Company Law course.
Job Profiles | Average Salary |
---|---|
Company Lawyer | Rs. 5.9 LPA |
Solicitor | Rs. 12.0 LPA |
Legal Counsel | Rs. 13.0 LPA |
Business Lawyer | Rs. 5.9 LPA |
Financial Analyst | Rs. 4.5 LPA |
Compliance Officers | Rs. 4.7 LPA |
Required Skillset for Company Law
Candidates wishing to apply for the admissions for Company Law courses need to have certain skills in order to do well academically and professionally in the domain of Company Law. In the table below we have listed some of the important skills required for a Company Law course.
Research skills | Analytical thinking skills |
Communication skills | Confidentiality |
Decision making skills | Negotiation skills |
Numerical ability | Creativity skills |
Course Curriculum for Company Law
The law course has different types of skills that are mainly used by the lawyers and those skills are covered under the course curriculum. The students in the course will be learning communication skills, legal skills, and they also get trained under the senior lawyers. The overall curriculum gives the idea to study the law and equip the ability of dealing with the challenging issues , understanding human behaviour and analysing the real life cases. A proper curriculum followed by any recognised law universities in India can be like the below mentioned.
- Investment skills
- Foreign direct investments
- Audit Committee
- Certificate of Incorporation
- Corporate liquidation
- Raising for working capital
- Corporate reorganisation
Popular Company Law Entrance Exams in India
Frequently Asked Questions (FAQs)
Question: Is a law degree a difficult course?
Answer :
An average aspirant can easily consider LLB as a good choice because he/she will be able to study it easily by putting their efforts and dedication into it.It will turn out to be a complex or difficult course for those neglecting it and not paying required attention to it.
Question: Can I do LLB after 12th?
Answer :
Yes, candidates pursuing three-year LLB programs, on the other hand, must have completed a bachelor's degree in any discipline to enroll in integrated legal programs such as BA LLB, BBA LLB, BSc LLB, and BCom LLB, candidates must have passed Class 12.
Question: What are the subjects involved in a law degree at UG level?
Answer :
The subjects depend on the electives or streams they choose. Here are the few subjects that are studied under the law degree: International Law, criminal law, law of evidence, property law, Jurisprudence, and criminology.
Question: What is the salary range for a corporate lawyer?
Answer :
Corporate lawyers or business lawyers salary will be starting from Rs 1,70,000 and when they get the experience in the specified field it may go to Rs 14,05,000 per annum.
Question: What are the entrance exams for pursuing a law degree?
Answer :
A candidate who wants to pursue a law degree needs to attempt the entrance exams like CLAT, AILET, MHCET, LAWCET, and LSAT. These exams help the candidate to get admissions into reputed universities.
Question: What are the skills required for a lawyer?
Answer :
To build a career in law there are certain rules and regulations followed by law students. Here are a few skills: verbal communication, logical and analytical reasoning,time management, legal research, and client service.
Question: What are the career opportunities after LLB?
Answer :
There are various opportunities after LLB degree, and one can choose from the job opportunities like Lawyers, public lawyers, legal counsel, legal advisor, and legal researcher.
Question: What are the top universities for law colleges?
Answer :
As per the NIRF Ranking there are many law universities in India and the top most universities are NLU, NALSAR, SLS, NUJS, and Jamia Millia Islamia.
Question: Who is eligible to do a law course?
Answer :
Students after passing class 12th are eligible to do a law course by writing law entrance exams like LAWCET, AILET, CLAT, and LSAT.
Question: What is company law?
Answer :
A company law is a body of law governing the rights and duties of the persons and companies.The term company law defines as the legal practice of law relating to organisations.