Company LawSyllabus

Contents
Nature and classification of companies

·         -Types of companies-

·         Nature and characteristics of a company-

·         Classification of companies-

·         Principle of legal personality and veil of incorporation

·         -Distinction between companies and other forms of business associations

·         -Promoters and pre-incorporation contracts

·         -Process of forming a company-

·         Memorandum and articles of association-

·         Certificate of incorporations-

·         Legal consequences of incorporation

Membership of a company

·         -Acquisition of membership-

·         Register of members-

·         Rights and liabilities of members-

·         Cessation of membership

Shares

·         -Classes of shares-

·         Variation of class rights –

·         Share warrants and certificates –

·         Issue and allotment-

·         Transfer and transmission-

·         Mortgaging and charging of shares

Share capital

·         -Meaning and types of share capital-

·         Raising of share capital-

·         Prospectus/Information memorandum-

·         Maintenance and Alteration of capital

·         -The purchase by a company of its own shares

·         -Financial assistance by a company for purchase of its shares-

·         Dividends

Debt capital

·         -Borrowing powers of a company –

·         Debentures-

·         Charges

·         -Registration of charges

·         -Remedies for debenture holders

Company meetings

·         -Nature and classification of company meetings-

·         Essentials of meetings-

·         Proceedings at meetings-

·         Voting –

·         Resolutions-

·         Minutes

Directors

·         -Qualification and disqualification-

·         Appointment of directors-

·         Powers and duties of directors-

·         Removal and vacation of office-

·         Register of directors –

·         Loans to directors –

·         Compensation for loss of office-

·         Disclosure of director’s interest in contracts-

·         The rule in Turquand’s case/Indoor Management rule-

·         Insider dealing

The company secretary

·         -Qualification, appointment and removal-

·         Powers and duties of the company secretary-

·         Liability of the company secretary-

·         Register of secretaries

Auditors

·         -Qualification, appointment and removal-

·         Remuneration of auditors-

·         Powers and duties-

·         Rights and liabilities

Company accounts, audit and inspection

·         -Books of accounts –

·         Form and content of accounts-

·         Group accounts-

·         Director’s report-Auditor’s report-

·         Investigation of company affairs-

·         Appointment and powers of inspectors-

·         Inspector’s report-

·         Annual returns

Corporate Restructuring

·         -Need for restructuring-

·         Mergers, Take-overs and Acquisition

·         -Post Merger Reorganization

·         -Schemes of Arrangement and Compromises-

·         Reconstruction

Corporate insolvency

·         -Meaning of Insolvency-

·         Types of winding up-

·         Appointment, powers and duties of liquidators-

·         Release of liquidators-Rights of parties in winding up-

·         Distribution of assets-

·         Offences relating to liquidation

Companies incorporated outside Kenya

·         -Process of registering a company in Kenya-

·         Certificate of registration

·         -Power to hold land-

·         Registration of charges –

·         Accounts of foreign companies-

·         Service of process and notices on foreign companies-

·         Returns-Cessation of business-

·         Penalties

Emerging issues and trends