CORPORATE AND SECURITIES LAW
2016/2017, Semester 1
School of Business (Accounting)
Modular Credits: 4
The primary aim of this course is to develop an appreciation and understanding of the legal framework for companies. It covers the entire life-span of a company from its formation to its dissolution. It delves into the legal obligations and implications in operating a company from an insider's perspective of shareholders and directors, as well as from an outsider's perspective of creditors. A secondary objective is to introduce pertinent provisions of securities legislation.
Analyse provisions of the Companies Act and securities legislation to form and manage companies effectively.
Apply legal principles under the Companies Act and securities legislation to ensure that directors act honestly and diligently in the discharge of their duties.
Anticipate issues arising when a company seeks financing and apply law concepts to deal with them effectively.
Visualise restructuring options within the framework of the Companies Act when a company is insolvent.
Initiate appropriate actions as a liquidator during the liquidation of a company to ensure a fair distribution of assets.
Students who have passed FNA3122 or LL4055 are not allowed to take ACC3604.
One 3-hour seminar per week