Short Title:Company Law
Full Title:Company Law
Module Code:LAWS H2010
NFQ Level:6
ECTS Credits:5
Description:The aims of this module are to provide a knowledge and understanding of company law for an accountant in business. This knowledge and understanding will enable the student to liaise effectively with legal advisers, limit the legal exposure of the business and conduct business through and with companies.
Learning Outcomes:
On successful completion of this module the learner will be able to
  1. Demonstrate an understanding of the implications of the relevant legal principles for the business.
  2. Apply the relevant legal principles so as to enable the student to act as a director of a company.
  3. Use the knowledge of the law relating to capital.
  4. Use the knowledge of company insolvency law when dealing with company insolvencies.

Module Content & Assessment

Content (The percentage workload breakdown is inidcative and subject to change)
  • Company Administration: (20%)
    Director’s powers. Duties of directors and company secretary. Shareholders’ and directors’ meetings. Section 25 contract. The rule in Foss v Harbottle. S. 205 and minority oppression.
  • Share Capital: (20%)
    Types of shares. Raising capital. Prospectus and investor remedies for misstatements. Listing particulars. The Stock Exchange regulations. Underwriting. Transfer and transmission of shares. Rights issues and bonus issues. Issue of shares at a discount and premium. Mortgages on shares. Liens and forfeiture of shares. Maintenance of capital: reduction of capital, financial assistance for purchase of own shares, purchase of own shares. Alterations to capital. Variation of class rights. Dividends. Insider dealing.
  • Company Borrowing: (20%)
    Types of debentures. Debenture trust deeds. Fixed and floating charges. Registration and priority of charges. Receiverships. Appointment of receiver and effect. Powers and duties of receiver.
  • Company Investigation and Court Protection: (20%)
    Investigation of companies and types of investigation. Examinerships. Examination process. Examiner’s report.
  • Company Liquidation: (20%)
    Voluntary and compulsory liquidation and comparison. Liquidator’s powers and duties. Effect of liquidation. Transactions arising in a liquidation. Order of application of assets. Fraudulent and reckless trading.
Assessment Breakdown%
Course Work30%
End of Semester Formal Examination70%
 Outcome addressed% of totalAssessment Date
Formal End-of-Semester ExaminationNone70%Semester End
Coursework Breakdown
TypeDescriptionOutcome addressed% of totalAssessment Date
Continuous AssessmentThe Continuous Assessment will take the form of an individual or group assessment. This can be an in-class time constrained individual assessment or an individual or group project.30n/a

IT Tallaght reserves the right to alter the nature and timings of assessment


Module Workload & Resources

This course has no full time workload.
Required Book Resources
  • Callanan, G 2003, An Introduction to Irish Company Law, 2nd Ed., Gill and MacMillan
Recommended Book Resources
  • Doyle C. 2002, The Company Secretary, 2nd Ed., Round Hall