Company Law: Fees, Admission 2024, Subjects/Syllabus, Top Colleges, Top Exam, Salary & Top Recruiters

Company Law course is concerned with the creation, governance, and operation of companies and the related rules, regulations, laws, and practices. In simple words, someone who practices Company Law is the official legal face of the company and looks after all the cases and suits someone who files against the company or the company needs to file against.

As the Indian economy grows, there is an increasing need for strong corporate governance, which leads to a higher demand for professionals in company law. Henceforth, Company Law career opportunities are diverse, with scope in law firms specialising in corporate law, legal departments of companies, investment banks, regulatory bodies, and government agencies. 

For Company Law eligibility, students need to have a bachelor’s degree of LLB or any discipline with a minimum 55 percent aggregate. Top Company Law colleges are IGNOU, Mahindra University, Radha Govind University, etc. Moreover, some of the top Company Law exams are CLAT,  TSLAWCET, MAT, AIBE, etc. 

Company Law Course Details: Highlights

The highlights table provides information about the course types, duration, course fee, and entrance exams for pursuing Company Law. Candidates can refer to this table for an idea about the average salary offered after completing this course as well as the top recruiters for Company Law graduates. Check key points related to courses related to Company Law in the table below:

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Company Law, also named Corporate Law, equips you with the legal knowledge and skills to navigate the formation, operation, and winding up of businesses in India. It's the foundation for a career in corporate governance, ensuring transparency, accountability, and fairness for stakeholders (investors, employees, customers).

Company Law aids companies in complying with various regulations in the business environment and ideally should increase the profitability of a company by following the right taxation procedures, availing the tax benefits, and maintaining the dignity and the reputation of a company. In short, corporate law is not Private Law but is a component of Public Law.

Course Entails-

• Company Birth and Beyond: Master the legal intricacies of incorporating a company, from understanding different company types (private limited, public limited, etc.) to the roles of key players (promoters, directors, shareholders).
• Good Governance Practices: Delve into the principles that ensure transparency, accountability, and ethical conduct within companies. This is crucial for building trust and fostering a healthy business environment.
• The Company Management Engine: Grasp the legal framework governing how companies are run. This includes understanding board meetings, director duties, and shareholder rights.
• Financing the Company Journey: Learn the legal aspects of raising capital for companies, including issuing shares, debentures, and other instruments that fuel growth.
• Mergers and Acquisitions: Explore the legal framework for mergers and acquisitions, a critical area for business expansion and restructuring. You'll understand due diligence, valuation, and regulatory approvals involved in these processes.
• Company Closure and Insolvency: Learn about the legal procedures for winding up a company and dealing with insolvency situations, if they arise.
• Securities Law Expertise: Gain knowledge about the regulations governing the issuance, trading, and investment in securities. This ensures a fair and transparent stock market.

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What is the Company Law Scope in India?

The scope of Company Law in India is vast and encompasses the entire lifecycle of a company, ensuring transparency, accountability, and protection for stakeholders. Here's a breakdown of its key areas:

Formation and Governance:

• Company Incorporation: Company Law dictates the legal procedures for setting up a company, including choosing the type (private limited, public limited, etc.), completing necessary paperwork, and understanding the roles of promoters, directors, and shareholders.
• Corporate Governance: It establishes principles for ethical and transparent management, ensuring fairness to all stakeholders. This includes board meeting procedures, director duties, and shareholder rights.

Financial Management:

• Raising Capital: Company Law regulates how companies can raise funds through issuing shares, debentures, and other instruments, ensuring proper disclosure and investor protection.
• Mergers and Acquisitions: It sets the legal framework for mergers and acquisitions, including due diligence, valuation, and regulatory approvals, to ensure fair and transparent transactions.

Compliance and Dispute Resolution:

• Regulatory Compliance: Companies must comply with various regulations set forth in the Companies Act and other related laws. Company law professionals guide businesses through this complex landscape.
• Winding Up and Insolvency: The law also dictates the legal procedures for closing a company or dealing with insolvency situations.

Relevant Information on Company Law Scope:

All About NLUs: Courses, Fees, Placements

Who can pursue Company Law?

Anyone with a legal degree can practice corporate law. After obtaining a 5-year BA LLB (Hons) or a 3-year LLB degree and clearing the All India Bar Examination (AIBE), you can pursue a career in corporation law in India. Candidates must havo have excellent analytical and research abilities,contract drafting and negotiation skills, excellent interpersonal and communication abilities, ability to operate both individually and collaboratively, precision and attention to detail and knowledge of business principles and practices

Following are the Company Law admission steps:

• Educational Qualifications: Typically, a Bachelor's degree in Law (LLB) is required.
• Entrance Exams: Some universities or institutions may require candidates to pass entrance exams like CLAT (Common Law Admission Test) or AILET (All India Law Entrance Test).
• Application Process: Submit an application to the desired law school or university, including required documents like academic transcripts, certificates, and entrance exam scores.
• Admission Criteria: Selection is usually based on a combination of entrance exam scores, academic performance, and personal interviews.
• Enrollment: Upon selection, candidates enroll in the company law program.
• Specialisation: During the course, students may have the option to specialize in specific areas of company law, such as corporate finance, mergers and acquisitions, or intellectual property.

Company Law Eligibility Criteria

To become a corporate or a Company Lawyer, the candidate should finish an undergraduate and preferably, a postgraduate course in legislative law – LLB and LLM . After finishing XII standard (any subject), a candidate can take admission in a five-year integrated course most commonly along with Bachelor of Arts (BA LLB).

Other available courses include BSc LLB, BCom LLB, BBA LLB. Alternatively, there is a three-year LLB course if the candidate is already a graduate (any subject). 

Here's a table showing the course level-wise eligibility criteria for Company Law-

Candidates who wish to pursue UG and PG courses in Company Law must appear for various entrance examinations in order to secure admission in top colleges. Candidates seeking admission in Company Law degree courses offered at different universities and colleges can consider appearing in the following entrance exams:

NOTE: This information is sourced from the official website of the institute/exam.

These are only a general description of the course covered. All the rules, regulations, laws, practices and liabilities under each of them will have to be studied.A candidate needs to have a fair idea about all of the following if they aim to be a successful corporate lawyer:

• The Companies Act, 1956
• The Emblems & Names (prevention of improper use) Act, 1950
• Industries Development and Regulation Act, 1951
• The Securities Contract Regulation Act, 1956
• Securities and Exchange Board of India Act, 1992
• Depositories Act, 1996

Company Law Information You Are Interested In: Company Law Syllabus

What are the most important chapters of Company Law?

Here are some specific chapters of company law that are often considered to be important:

• The Companies Act 2006: This is the main piece of legislation governing companies in the United Kingdom. It covers a wide range of topics, including the formation of companies, management and administration, financing, and insolvency.
• The Sarbanes-Oxley Act of 2002: This is a United States federal law that was enacted in response to the Enron and WorldCom scandals. It aims to protect investors by improving corporate governance and financial reporting.
• The European Union's Directives on Company Law: These Directives harmonise the laws of EU member states in relation to company law. They cover a range of topics, including formation of companies, management and administration, and capital requirements.

Candidates select colleges based on the cost structure and placement chances. Few institutions across India provide Company Law specialisations in order to build market-relevant abilities. These colleges provide Company Law courses at various levels of education, including undergraduate and PG diploma courses.

Admission to these courses is solely based on entrance exams administered by the university or a consortium of colleges, or any state-level entrance examination.Government colleges are less expensive than private colleges. The list below includes some of the best public and private colleges. 

NOTE: This information is sourced from official website/ counselling body and may vary.

After successfully finishing studies, preferably a master's, a candidate can either join a private company, for a law firm or start their own consultancy-based services. Law graduates must qualify AIBE exam to practice in a court of law in India.

If a candidate has completed their course from one of the NLUs, they can be placed through a campus interview. The starting salaries, based on the academics and merit, a candidate can start between INR 20,000 to 40,000 per month. With experience, this number could grow to INR 1 lakh a month.

Nowadays, every company, small or big, needs a corporate lawyer to ensure there are no law-related hassles for them. Corporate lawyers are also important to give sound advice regarding governance, mergers, and tax benefits, and all-in-all are important stakeholder of the company.

Some of the positions a good corporate lawyer will hold during their tenure are:

Note- The above salary has been taken from external sources, and hence may vary.

Top Company Law Recruiters

There are various companies which hire graduates who have specialised in Company Law and practice in various areas related to the management of companies. These law firms are well-known for their competence in all areas of corporate law, such as mergers and acquisitions, joint ventures, private equity, venture capital, and corporate governance. They have extensive experience assisting prominent local and international clients on difficult and high-stakes transactions. The top recruiters for Company Law are given in the table below:

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