Updated on Sep 10, 2021 04:45 IST

Also known as corporate law, enterprise law or business law, company law is a legislation that is concerned with the creation, governance and operation of companies and the related rules, regulations, laws and practices.

Simply put, company law addresses all of the legal issues that are faced by a company. Someone who practices company law is the official legal face of the company and looks after all the cases and suits someone files against the company or the company needs to file against.

Company law aids the companies in complying with various regulations in the business environment and ideally should increase the profitability of a company by following the right taxation procedures, avail the tax benefits and maintain the dignity and the reputation of a company.

In short, corporate law is not private law but is a component of public law.

Eligibility Criteria for Company Law

To become a corporate or a company lawyer, the candidate should finish an undergraduate and preferably, a postgraduate course in legislative law – LLB and LLM.

How do you do that?

After finishing XII standard (any subject), a candidate can take admission in a five-year integrated course most commonly along with Bachelor of Arts (BA LLB). Other available courses include BSc LLB, BCom LLB, BBA LLB. Alternatively, there is a three-year LLB course if the candidate is already a graduate (any subject).

A candidate can also opt for a five-year course after XII or three-year course after graduation, based on your marks (merit) or a common entrance test.

A candidate has to clear an entrance exam to get admission in some of the top law colleges in the country. Some of the popular law entrance exams are Common Law Admission Test (CLAT) for admission into one of the 19 national law universities (NLU), All India Law Entrance Test (AILET) and Law School Admission Test (LSAT).

Course Fee/Structure

Course

No. of semesters

Fee per semester (in thousand)

Total fee (in lakh)

LLB

6

15-25

1-1.5

Integrated LLB Course

10

15-50

1.5-5

LLM

2

25-50

0.5-1

Company Law Syllabus

A candidate needs to have a fair idea about all of the following if they aim to be a successful corporate lawyer:

  • The Companies Act, 1956
  • The Emblems & Names (prevention of improper use) Act, 1950
  • Industries Development and Regulation Act, 1951
  • The Securities Contract Regulation Act, 1956
  • Securities and Exchange Board of India Act, 1992
  • Depositories Act, 1996

Syllabus of corporate law covers

  • Formation and structure of companies
  • Powers of the company and its stakeholders
  • Corporate governance
  • Company transactions, corporate finance, 
  • Laws governing securities and security holders
  • Accounting and auditing
  • Company meetings, resolutions and transactions
  • Board of directors – structure, qualification and disqualification, duties of the director
  • Corporate restructuring, mergers and acquisition
  • Liquidating the company.

These are only a general description of the course covered. All the rules, regulations, laws, practices and liabilities under each of them will have to be studied.

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Company Law Career, Roles and Salaries Offered

After successfully finishing studies, preferably masters, a candidate can either join a private company, for a law firm or start their own consultancy-based services.

If a candidate had completed their course from one of the NLUs, they can be placed through campus interview. The starting salaries, based on the academics and merit, a candidate can start between Rs 20,000-40,000 per month. With experience, this number could grow to Rs 1 lakh a month.

Nowadays, every company, small or big, needs a corporate lawyer to ensure there are no law-related hassles for them. Corporate lawyers are also important to give sound advice regarding governance, mergers, tax benefits, and all-in-all are an important stakeholder of the company.

Some of the positions a good corporate lawyer will hold during their tenure are:

  • Legal/ compliance
  • Company secretary
  • Corporate governance
  • Regulatory affairs
  • Associate advocate
  • Legal advisor
  • Accounts and Finance

Important FAQs regarding Company Law

Q. What is Company Law?

A. Company Law includes the set of laws that governs the formation and operation of companies and corporations. 

Q. Is Company Law a good career in India?

A. Yes, Company Law can be a rewarding and profitable career path. With different companies being established every now and then, there is good scope in the career. 

Q. What is the salary of a Company lawyer in India?

A. A Company or Corporate lawyer has an annual average salary of over Rs 7 lakh, as per PayScale. 

Q. What is the eligibility required to pursue Company Law?

A. To pursue Company Law, you can enroll into an integrated-LLB course right after passing Class 12 in any stream. You can also pursue a three-year LLB course after graduation from any stream. Thereafter, you can also pursue LLM in Company Law.

Q. What kind of acts do students have to study in a Company Law course?

A. Students have to study the following acts as part of a Company Law course:
  • The Companies Act, 1956
  • The Emblems & Names (prevention of improper use) Act, 1950
  • Industries Development and Regulation Act, 1951
  • The Securities Contract Regulation Act, 1956
  • Securities and Exchange Board of India Act, 1992
  • Depositories Act, 1996

Q. What subjects are taught in a Company Law course?

A. In a Company Law course, students are taught subjects such as:
  • Formation and structure of companies
  • Corporate governance
  • Accounting and auditing
  • Corporate restructuring
  • Corporate mergers 

Q. What kind of job roles are offered to Company lawyers?

A. After completion of the course, the Company lawyers are offered job roles such as:
  • Legal Advisor
  • Associate Advocate
  • Legal Executive
  • Company Secretary
  • Advocate
  • Legal Manager

Q. What are the daily job responsibilities of a Company lawyer?

A. Some of the daily job responsibilities of a Company lawyer include:
  • Preparing legal documents
  • Assessing business partnerships
  • Negotiating deals
  • Representing the company in legal proceedings

Q. What skills are important to be a successful Company lawyer?

A. Some of the must-have skills for Company lawyers include:
  • Strong written and verbal communication skills
  • Strong analytical skills
  • Good attention to detail
  • Good managerial skills
  • Excellent negotiation skills

Q. How can I become a Company lawyer?

A. To become a Company lawyer, you can follow the below-mentioned career path:
  • Enroll in an integrated-LLB course after Class 12
  • Enroll in an LLM or PG Diploma Company Law course
  • Secure a job as a Company lawyer or start your own practice

Q. Which are the popular Law entrance exams that I can take to pursue a career in Company Law?

A. You can appear for top Law entrance exams such as:

Popular Company Law Colleges in India

Following are the most popular Company Law Colleges in India. Learn more about these Company Law colleges (Courses, Reviews, Answers & more) by downloading the Brochure.
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49 K

Popular Private Company Law Colleges in India

7.4 K
7 K
43 K
49 K

Popular Company Law PG Courses in India

Following are the most popular Company Law PG Courses . You can explore the top Colleges offering these PG Courses by clicking the links below.

PG Courses

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