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CLAT PG Company Law 2025 - Preparation Tips, Topics, Books

CLAT PG Company Law 2025 - Preparation Tips, Topics, Books

Edited By Ritika Jonwal | Updated on Jun 22, 2024 01:15 PM IST | #CLAT PG

Company Law is an essential topic for the CLAT PG exam due to its comprehensive coverage of corporate governance, financial regulations, and the legal framework governing business entities. It forms a critical part of the legal curriculum and is integral to understanding how businesses operate within legal boundaries. It also encompasses various regulations and statutes such as the Companies Act, of 2013, which provides the framework for the incorporation, management and dissolution of companies. The understanding of these regulations is crucial for legal professionals who deal with corporate clients.

Company Law and its Significance

The Company Law addresses issues related to corporate governance, including the roles and responsibilities of directors, shareholders and other stakeholders. Knowledge of corporate governance principles is essential for ensuring compliance and ethical conduct in business operations. Topics such as share capital, debentures, financial statements and auditing are covered under Company Law. These aspects are vital for managing corporate finance and ensuring transparency and accountability in financing reporting.

The Company Law provides a legal framework for mergers, acquisitions and corporate restructuring. Therefore, understanding the legal requirements and procedures for these transactions is important for legal practice in corporate law. It also includes provisions for resolving disputes related to corporate matters and has a significant impact on the economy as it regulates the formation and functioning of business entities. It is rich in case law and judicial precedent that shapes its interpretation and application.

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This article will aid with a detailed strategy, preparation and revision techniques that will help you in CLAT 2025 exam preparation so that students have a crystal-clear schedule in front of them to follow duly with their time and efforts.

Strategy Tips for Company Law for CLAT PG 2025

1. Syllabus and paper pattern: The very first step to strategize your preparation is to go through the CLAT PG syllabus and focus on important topics listed under company law and familiarize yourself with the types of questions (objective and subjective) and their weightage for the exam particularly.

2 Study Plan: Then, creating a study plan or timetable for yourself would be another important step to the strategy for your preparation. You must allocate specific hours each day for studying company law. Further, set weekly targets to cover different sections of the syllabus and it will also push you to reach your desired goals. Afterwards, include regular revision sessions in your plan so that you retain the studied part.

3. Key areas: The candidates must focus more on key areas because the probability of these topics appearing in the main exam is higher and you should be thoroughly clear with the same.

4. Sources: The usage of multiple sources will be beneficial for you. You must watch online lectures on platforms and sites that provide productive material for legal education specifically. This technique is known as the audio-video way of studying and it helps you to understand and comprehend the core concepts firmly. You may also refer to journals and articles.

5. Regular Practice: Solving CLAT PG question papers becomes crucial to understanding the question pattern and difficulty level of the exam. In addition, students can take regular CLAT PG mock tests to asses their preparation in terms of time management. Also, practice objective and subject problems separately and focus on application-based questions as well.

6. Revision: Further, it is also advisable that you make concise notes for each topic by highlighting important sections and provisions along with case laws. Make use of flowcharts and diagrams to summarize processes like incorporation, mergers, etc. You may also schedule periodic revision sessions to reinforce your understanding.

7. Stay Updated: Lastly, keep track of recent amendments to the Companies Act and the new regulations and stay updated on recent Supreme Court and High Court judgements related to Company Law.

Important Topics of Company Law for CLAT PG 2025

1. Incorporation of a Company: The incorporation of a Company is one of the important topics that include coverage of sub-topics such as types of companies such as Private, Public, and one-person company (OPC), Section 8 which defines the company. The procedure for the incorporation of the company and the steps required to do so, documentation, and the role of the registrar of companies. You must pay special attention to the memorandum and Articles of Association, Doctrine of ultra vires, constructive notice and indoor management.

2. Corporate Governance: Corporate Governance is yet another topic that should be covered thoroughly during the preparation. Focus on the composition, appointment, powers, duties and liabilities of the board of directors. Further, study the procedure, types and quorum of board meetings and resolutions. Then, you may in detail study about the committees of the board namely, the audit committee, nomination and remuneration committee and the CSR committee. It is also very crucial to study the roles, duties and importance of corporate governance.

3. Share Capital and Debentures: Share capital and debentures are one of the complex topics to be studied and hence it requires proper attention. Focus on types of shares that is equity shares, preference shares, rights shares and bonus shares along with procedures, prospectus, private placement and preferential allotment of issuance of shares. Knowing about the shareholder’s rights and obligations. In debentures, study the types, issuance and debenture holder’s rights.
4. Accounts and Audits: You may also study the financial statements such as balance sheet, profit and loss account and cash flow statement, maintenance and inspection of books of accounts. It is also very important to study the appointment, rights, duties and powers of auditors, audit reports and financial disclosures.

5. Mergers, Acquisitions and Corporate Restructuring: In this particular topic, you must focus on legal procedures for mergers and acquisitions followed by the types of mergers that are horizontal, vertical and conglomerate. You must also cover topics of amalgamation, demerger and takeover of corporate restructuring. You may focus on the Role of SBI and the Competition Commission of India.

6. Winding up and Insolvency: The winding up and insolvency of a company are the two typical ways through which a company gets dissolved. So, focus on compulsory winding up by the tribunal and voluntary winding up as the types of winding up followed by the procedure for the winding up of the company. A candidate must particularly refer to the Insolvency and Bankruptcy Code (IBC), 2016, its overview, resolution process and liquidation. Then, give an overlook of the Role of Insolvency Professionals and Adjudicating Authority.

7. Corporate Social Responsibility (CSR): The CSR Activities are very vital from the point of view of Company Law. An individual must particularly refer to CSR provisions under the Companies Act, 2013, CSR Policy and Implementation, and Mandatory CSR Expenditure and Reporting Requirements.

Other Provisions: Similarly, read briefly about the Director Identification Number (DIN) and Digital Signature Certificate (DSC), Annual General Meeting (AGM) and Extraordinary General Meeting (EGM).

Moreover, its also very crucial be familiar with the key Supreme Court and High Court judgments related to company law in order to understand how the courts interpret various provisions of Company Law. It is also advisable that you must be updated regarding on the latest amendments to the companies Act and also regarding the rules and regulations by SEBI, MCA and other regulatory bodies.

Hence, it can be concluded that, preparing for company law in the CLAT PG exam demands a strategic approach, disciplined study habits and the right resources. Therefore, maintaining a balanced study routine and prioritizing it will ensure a sustained focus and efficiency. Consistency and perseverance are the keys to your door to success and diligent preparation and a thorough grasp of company law will equip you with excellence.

Recommended Books for CLAT PG Company Law 2025

Students need to refer to appropriate study materials and required reading material specifically for company law. Below are some of the CLAT PG Books for Company Law that you may gather for your preparation:

Name of the Books

Author of the Books

Company Law

Avtar Singh

Guide to Companies Act

A. Ramaiya

Bare Act of Companies Act, 2013

Universal Publication

You may also check

CLAT 2024 expected cut off & previous year trends
By downloading this eBook aspirants can know CLAT 2024 expected cut offs in a revised CLAT exam pattern and previous years cut off.
Download EBook

Frequently Asked Question (FAQs)

1. Explain the Doctrine of Ultra Vires with relevant case laws.

The Doctrine of Ultra Vires holds that a company can only engage in activities that are within the scope of its objects as specified in its Memorandum of Association and any act beyond this scope is considered ultra vires (beyond the powers) and void.

Case law: Ashbury Railway Carriage and Iron Co. Ltd. V. Riche, in this case it was established that any contract made beyond the scope of MOA that is Memorandum of Association is null and void.

2. Define Corporate Social Responsibility (CSR) and explain its significance under the Companies Act, 2013.

CSR refers to a company’s obligation to contribute positively to society. Under the Companies Act,2013, there are certain companies that are required to spend atleast 2% of their average net profit on CSR activities. Such activities help in promoting ethical business practices and social welfare.

3. Which types of shares have fixed dividends and preferential rights over equity shares?

Preference Shares are the types of shares have fixed dividends and preferential rights over equity shares.    

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Questions related to CLAT PG

Have a question related to CLAT PG ?

Hey,

APSCHE has notified the AP LAWCET 2024 exam date. AP LAWCET 2024 will be conducted on June 9, 2024. APSCHE will issue the detailed AP LAWCET 2024 notification soon on its official website. Interested candidates would be able to apply online and appear for AP LAWCET 2024.

The authorities will conduct Andhra Pradesh Law Common Entrance Test to admit students into 3-year LLB and 5-year LLB programmes of participating colleges in Andhra Pradesh. The AP LAWCET 2024 exam will be held in offline mode in English and Telugu versions.

Candidates desirous of appearing for AP LAWCET 2024 must keep track of the dates. It must be noted that all the dates are tentative and will be updated upon release of official AP LAWCET 2024 notification.

For more details please visit : https://law.careers360.com/articles/ap-lawcet-2024

Hope this helps you.

HI RAMIZA,

CONGRATULATIONS ON SUCCESS IN THE EXAMINATION.

CLAT CUT OFF changes every year. For NLU Kolkata BA LLB and LLM programs it will depend on several factors like -

Number of candidates for CLAT 2023

Number of candidates preferring NLU Kolkata during counselling

Number of places offered by the university in BA LLB and LLM programmes

University Reservation Policy

Category of candidates

FOR 2022 THE CUT OFFS WERE :

GENERAL- 579

GENERAL state domiciled- 1423

SC- 3172

ST - 3113

since general state domiciled is way beyond your state OBC rank so there is high probability of getting into this college under OBC seat.

For more information on the college you can look into following link:

https://www.careers360.com/university/the-west-bengal-national-university-of-juridical-sciences-kolkata/cut-off


thank you!!

Hii There,

Practicing with past year's question papers provides an authentic exam experience, replicating conditions like time constraints and performance pressure. It serves as a crucial method to evaluate the candidate's preparedness level.

Please refer this link to download the model question paper for clat pg 2023:

https://law.careers360.com/articles/clat-2023-question-paper


I hope this answers your question.

Thanks

You have to appear in the exam of CLAT through the official website of clat exam. The last date of CLAT 2023 is 8december 2022. You have to apply inthe link given in the website.If you have 45% marks in class 12with any group of subjects you can apply for appearing in CLAT exam.Thre is 150auestionfir UG CLAT exam.Time duration is 2hrs.1narjs for each correct answer and 0.25,marks is deducted for wrong answers Total marks is 150 for ug clat exam.Admit card should be download from the link for CLAT exam.
Hope this helps.

Hi,

The official notification regarding the conduction of CLAT 2023 has been released today, 8th August, 2022.

The notification stated that the deadline for submitting the CLAT application form 2023 is November 13, 2022.

CLAT 2023 will be held in offline mode on December 18, 2022.

Hope this answers your query.

Regarding the updates related to CLAT, you should follow the link below to stay updated about CLAT schedule, results, syllabus and question papers-

https://www.google.com/amp/s/law.careers360.com/articles/clat-2023-exam-date-eligibility-syllabus-pattern-seats-preparation-tips/amp


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