Module Information

Module Identifier
LA31310
Module Title
Company Law
Academic Year
2016/2017
Co-ordinator
Semester
Semester 2
Exclusive (Any Acad Year)
LA37810
Pre-Requisite
GF10110/LA10110/GF30110/LA30110 or LA15710 and GF15830/LA15830/LA35830
External Examiners
  • Mrs Penny Carey (Associate Dean and LPC Programme Tutor - University of Hertfordshire)
 
Other Staff

Course Delivery

Delivery Type Delivery length / details
Lecture 8 x 2 Hour Lectures
Seminar 3 x 1 Hour Seminars
 

Assessment

Assessment Type Assessment length / details Proportion
Semester Exam 1.5 Hours   Exam  Candidates are not permitted to bring any books, notes or any other materials into the examination.  100%
Supplementary Exam 1.5 Hours   Exam  Candidates are not permitted to bring any books, notes or any other materials into the examination.  100%

Learning Outcomes

Upon successful completion of this module, students would have acquired a good understanding of the various business vehicles that can be used for trading, become familiar with the concept of corporate personality / limited liability and lifting the corporate veil, understood the importance of Articles of Association, learned the duties of company directors as codified under Companies Act 2006, gained an understanding of minority rights within a system that allows and encourages majority rule, become familiar with the concept of agency / corporate contracting and the role of auditors in a company, become aware of the various means of company financing, the management of capital and the manner in which it can be legitimately reduced, understood broadly the various ways in which a company can be wound up.

Content

1. Business Vehicle: sole traders, partnerships, limited liability partnerships and companies.
2. Legal Status of Companies: the concept of separate legal personality.
3. Company Formation and Classification: The dissolution of a Company, pre-incorporation contracts.
4. The Company Constitution: the memorandum of association and articles of association.
5. The Contractual Capacity of the Company: Agency, ultra vires and directors' authority.
6. The Organs of the Company: the general meetings of shareholders and the board of directors and the division of power between the shareholders and directors.
7. Directors' Duties.
8. Auditors' role and function within the company.
9. Share Capital and Loan Capital.
10. The Protection of Minority Shareholders.

Brief description

Company Law will provide an overview of the various vehicles businesses may adopt to carry on their activities and their relative advantages and disadvantages. It will briefly examine the development and effects of Companies Act 2006. The areas of law examined in this module will be of assistance to students intending to pursue careers in law, accountancy, business management, financial services and related occupations.

Aims

The module aims to enable students to identify and describe the main legal principles relating to individual business structures and company law. The lectures provide the legal background which will allow students to describe and evaluate the legal implications of incorporation of registered companies (and partnerships) which operate in England and Wales. The module will encourage a thoughtful and critical approach to each of the topics examined in the course.


Notes

This module is at CQFW Level 6