COMPANY LAW
In view of increasing emphasis on
adherence to norms of good corporate governance, Company Law assumes an added
importance in the corporate legislative milieu, as it deals with structure,
management, administration and conduct of affairs of Companies. A thorough
study of various provisions of the Companies Act is a must for becoming a
competent and efficient Company Secretary. In the light of this, the study
material has been published to impart thorough knowledge to the students
preparing for the Company Law paper of the CS Executive Programme.
The study material is based on those sections of
the Companies Act, 2013 and the rules made there under which have been notified
by the Government of India and came into force w.e.f. April 01, 2014 (including
Amendments/clarifications/circulars issued there under upto June, 2014). In
respect of sections of The Companies Act, 2013 which have not been notified,
applicable sections of Companies Act, 1956 have been dealt with in the study.
Company Secretaryship being a professional
course, the examination standards are set very high, with emphasis on knowledge
of concepts, applications, procedures and case laws, for which sole reliance on
the contents of the study material may not be enough. Besides Company
Secretaries Regulations, 1982 requires the students to be conversant with the
amendments to the laws made upto six months preceding the date of examination.
This study material may therefore be regarded as basic material and must be
read along with the notified provisions of companies Act 2013 and rules made
thereunder and the provisions of Companies Act 1956 which is still in force.
The amendments made upto June 2014 have been
incorporated in this study material. However, it may happen that some
developments might have taken place during the printing of the study material
and its supply to the students. The students are therefore advised to refer to
the bulletin 'Student Company Secretary' and ICSI Journal Chartered Secretary
and other publications for updation of study material. In the event of any
doubt, students may contact the Directorate of Academicsat academics@icsi.edu.
Although due care has been taken in publishing
this study material yet the possibility of errors, omissions and/or
discrepancies cannot be ruled out. This publication is released with an
understanding that the Institute shall not be responsible for any errors,
omissions and/or discrepancies or any action taken in that behalf.
Should there be any discrepancy, error or
omission noted in the study material, the Institute shall be obliged if the
same are brought to its notice for issue of corrigendum in the e-bulletin' and
Student Company Secretary'.
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