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COURSE CONTENT
1) Nature And Classification Of Companies
-Definition of a Company
-Procedure for the Registration of Companies
– Effect of Registration
– Classification of Companies
– Public versus Private Companies
2) Memorandum And Articles Of Association And Promotion
– Clauses In The Memorandum Of Association And Its Alteration
– Effect Of The Articles Of Association
– Alteration Of The Clauses In The Articles And Memorandum Of Association
– Promoters ; Duties Of Promoters,
– Payment Of Promotion Services
– Pre-Incorporation Contract
3) Share Capital
– Types Of Capital
– Methods Of Raising Share Capital
– Allotment Of Shares
– Underwriting And Brokerage, Commencement Of Business
– Prospectus, Misrepresentation And Omission In The Prospectus
– Issue Of Shares At A Premium, And At A Discount, Share Premium Account
– Alteration Of Share Capital
– Maintenance And Reduction Of Capital
4) Membership , Securities And Majority Rule
– Ways Of Becoming A Member, Who Can Become A Member
– Register Of Members
– Classes Of Shares And Share Certificates
– Transfer And Transmission Of Shares; Call And Lien On Shares,
– Forfeiture And Surrender Of Shares
– Share Warrant
– Mortgages On Shares , Dividend ; Debenture
– Charges Securing Debenture
– Majority Rule And Minority Protection( the rule of foss vs harbottle )
5) Company Management
– Number Of Directors , Their Appointment, Disqualifications
– Duties Remuneration, Loans To Directors
– Loans To Directors
– Vacation Of Office , Compensation For Loss Of Office And Relief From
Liability
6) Company Meetings
– Kinds Of General Meetings , Notices Of Meeting
– Preceding At Meetings
– Proxies And Resolutions
7) Accounts And Audit
– Books Of Accounts , Group Accounts And Audit Of Accounts
8) Investigation
– Investigation Into A Company
– Inspectors Report
– Expenses Of Investigation
– Investigation Of The Companies Membership
9) Winding Up
– Winding Up By Court , Voluntary Winding Up And Winding Up By
Contributories And Creditors