| The Company as a medium to conduct business; Different types of companies; Registration of Companies; Consequences of Incorporation: Corporate Personality and lifting the veil. Groups of Companies. Constitution of Companies: names, companies without constitutions and those with constitutions. Effects of constitution. Alteration, adoption and revocation. Enforcement of Constitutional provisions. Capacity, ultra vires and constructive notice . Solvency Test. Corporate Finance. Shares and Share Capital. Types of Shares. Distributions and Dividends. Repurchase and Redemption. Financial assistance for purchase of shares. Transfer, transmission. Rights of pre-emption. Loan capital and Debentures; types, reissue, debenture holders' representative. Fixed and Floating Charges. Reservation of title. Management of Companies; Board of Directors, Delegation. Major Transactions. Directors: qualification, appointment, removal. Duties and Liabilities. Transactions involving self interest. Shareholders' remedies without and with court's involvement. Derivative action and oppression remedies. Company Meetings, Insider Dealing. Sources and Objectives of Insolvency Law; Causes of Corporate Failure; General Principles of Winding Up. The Appointment, Control, Powers, Duties and Release of the Liquidator; Contributories; The Special Manager; Powers of the Court, Voluntary Winding Up; Members' and Creditors' Winding Up; Declaration of Solvency; Meetings of Members and Creditors; Dissolution; Defunct Companies; Outstanding Assets; The Official Receiver; Receivers and Managers. Arrangement and Reconstruction; Compromise; Amalgamation;Take Over Schemes; Protection of Rights; Acquisition of Shares of Dissenting Members. |
Administrative assistant: TASLIMA BOODHUN-JHUMKA
Telephone: 4037400
Email: t.boodhun@uom.ac.mu |
