About this Course

This is an introductory level into the practical application of company law. Participants will be taught via problem-based approaches that focus on the various important and relevant rules of business law minus the legal jargon. 

By the end of the program, participants will be equipped with sufficient knowledge of business law regarding the formation of companies; legal documents required; roles and responsibilities of company officers; the various sources of company finances and how they are used and distributed - ultimately up to the procedure for the closure of a company. 

Participants will also have a strategic understanding on the workings of a company from a legal perspective and be able to effectively put that knowledge to use within the administrative environment of their companies.

Objectives

Upon completion of this workshop, participants will be able to;

• Familiarise with the legal procedures involved in the formation of a company – the pre-incorporation stage; the concept of the corporate veil, separate legal personality and limited liability
  
• Know the Constitutional documents of a company and what they contain; why they are important and how to amend them to properly adapt to business environmental changes
  
• Knowing the roles and responsibilities of company officer – Director, Secretary and Auditors
  
• Understanding company finances – Shares, Debentures, Charges, Debt Capital, Trade Capital and how they are managed and distributed
  
• Understanding the procedure for the closure of a company and what happens after – the roles and responsibilities of the Judicial Manager, Receiver and Liquidator
  

Target Audience

HR Managers, Finance Officers, Sole Proprietors who are interested to convert their business to company, Legal Secretaries and PR Officers

Duration

Two days

Curriculum

Pre-Incorporation Contract

• Duties of a Promoter
  
• What Goes into a Pre-Incorporation Contract
  
• Steps Involved in the Formation of Company
  

Constitutional Documents of a Company

• What Goes into the Memorandum of Association
  
• What Goes into the Article of Association
  
• Choosing a Company Name
  
• Qualities to Become a Member of a Company
  

Legal Features of a Company Upon Successful Incorporation

• Limited and Unlimited Liability
  
• Concept of Separate Legal Personality
  
• What is the Corporate Veil and the Circumstances When it Could Be Lifted
  
• Case Study
  

Company Officers

• Appointment, Qualification and Removal of Directors
  
• Various Types of Directors
  
• Roles and Responsibilities
  
• Roles of Directors
  

Relationship with Third Party

• The Indoor Management Rule – Its Application and Impact
  
• The Proper Plaintiff Rule – Its Application and Impact
  
• Case Study
  

Company Finance

• Types of Shares, Increasing Share Capital, Reducing Share Capital and Share Transfer
  
• Debt Finance
  
• Trade Finance
  
• Charges and Debentures
  

Winding Up Process

• Members’ Winding Up
  
• Creditors’ Winding Up
  

Judicial Management of Company

• Roles and Responsibilities of Judicial Manager
  
• Roles and Responsibilities of Receiver
  
• Roles and Responsibilities of Liquidator
  
• Case Study
  

Methodologies

Highly interactive using a problem-based approach whereby participants will be engaged to discuss case scenarios and from which they will learn the elements of company law.

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