Company Law: Fees, Admission 2024, Subjects/Syllabus, Top Colleges, Top Exam, Salary, Scholarship, Cutoff

Updated on Nov 29, 2023 03:49 IST
Pragati Singh

Pragati SinghSenior Executive - Content

Company Law 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.

To be eligible for Company Law, students need to have a bachelor’s degree of LLB or any discipline with a minimum 55 percent aggregate. To pursue Company Law course one can go for the top colleges such as IGNOU, Mahindra University, Radha Govind University, etc. Moreover, some of the top entrance exams for Company Law are CLAT,  TSLAWCET, MAT, AIBE, etc. 

Table of Contents
  1. Company Law Course Details: Highlights
  2. What is Company Law Course?
    • 2.1 Why pursue Company Law?
    • 2.2 Who can pursue Company Law?
  3. Company Law Eligibility Criteria
  4. Top Company Law Entrance Exams 2024
  5. Company Law Syllabus
    • 5.1 What are the most important chapters of Company Law?
  6. Top Colleges for Company Law
    • 6.1 Top NIRF Ranked Law Colleges 2023
  7. Company Law Career, Scope and Top Job Profiles
    • 7.1 Top Company Law Recruiters
  8. Important FAQs regarding Company Law

Company Law Course Details: Highlights

The highlights table provides information about the course types, duration, course fee, and entrance exams for pursuing Company Law. Candidates can refer to this table for an idea about the average salary offered after completing this course as well as the top recruiters for Company Law graduates. Check key points related to courses related to Company Law in the table below:

Company Law Highlights
Course Level UG, Diploma
Mode of Study

Offline, online

Full-time, part-time

Course Type Degree, diploma
Course Duration

UG: 3-5 years

Certificate: Few hours to 6 months

Eligibility

UG: Class 12 or Graduation

Certificate: Class 12 or Graduation

Admission process

Entrance-based, Merit-based 

Course Fees

8K- 1 lakhs

Top Colleges IGNOU, Mahindra University, Radha Govind University
Average Salary 3-8 LPA
Top Recruiters Trilegal India, Khaitan &Co., Ahlawat & Associates, Sagar Associates
Entrance Exam TSLAWCET, MAT
Job Positions

Legal Manager, Contract Attorney, Legal Advisor, Legal Researcher, Legal Assistant

Company Law Information You Are Interested In: 

What is Company Law Course?

The body of law that controls the establishment, operation, and liquidation of businesses is known as Company Law. As the business world changes, it is a complicated and dynamic field of law. Company Law is vital because it helps to guarantee that businesses are handled fairly and transparently, and that shareholders and other stakeholders' interests are respected.

Why pursue Company Law?

Company Lawyers are in high demand because businesses of all sizes require legal assistance on a number of issues, including the formation and structuring of new firms, the preparation and negotiation of contracts, and the compliance with regulations.Companies are eager to pay top bucks for expert legal assistance, therefore Company Lawyers often make a substantial wage. Company Law is a complex and ever-changing field of law that can be intellectually engaging for lawyers who appreciate the challenge of learning new things.

Company Law Information You Are Interested In: Top 10 Private Law Colleges in India 2023

Who can pursue Company Law?

Anyone with a legal degree can practice corporate law. After obtaining a 5-year BA LLB (Hons) or a 3-year LLB degree and clearing the All India Bar Examination (AIBE), you can pursue a career in corporation law in India. Candidates must havo have excellent analytical and research abilities,contract drafting and negotiation skills, excellent interpersonal and communication abilities, ability to operate both individually and collaboratively, precision and attention to detail and knowledge of business principles and practices

Company Law Eligibility Criteria

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 . 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).

Top Company Law Entrance Exams 2024

Candidates who wish to pursue UG and PG courses in Company Law must appear for various entrance examinations in order to secure admission in top colleges. Candidates seeking admission in Company Law degree courses offered at different universities and colleges can consider appearing in the following entrance exams:

Exams

Exam Dates

Exam Schedule

AIBE 2023

26 Nov '23

AIBE 2023 Schedule

CLAT 2024

3 Dec '23

CLAT Schedule

AILET 2024

10 Dec '23

AILET 2024 Schedule

LSAT India

20 Jan '24 - 21 Jan '24

LSAT India Schedule

Company Law Syllabus

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.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

PG Diploma in Company Laws

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

Company Law Information You Are Interested In: Company Law Syllabus

What are the most important chapters of Company Law?

Here are some specific chapters of company law that are often considered to be important:

  • The Companies Act 2006: This is the main piece of legislation governing companies in the United Kingdom. It covers a wide range of topics, including the formation of companies, management and administration, financing, and insolvency.
  • The Sarbanes-Oxley Act of 2002: This is a United States federal law that was enacted in response to the Enron and WorldCom scandals. It aims to protect investors by improving corporate governance and financial reporting.
  • The European Union's Directives on Company Law: These Directives harmonise the laws of EU member states in relation to company law. They cover a range of topics, including formation of companies, management and administration, and capital requirements.

Planning to study Law? Find useful insights on student preferences for Law colleges, locations and more.

Download All India Law Guide 2021

Top Colleges for Company Law

Candidates select colleges based on the cost structure and placement chances. Few institutions across India provide Company Law specialisations in order to build market-relevant abilities. These colleges provide Company Law courses at various levels of education, including undergraduate and PG diploma courses. Admission to these courses is solely based on entrance exams administered by the university or a consortium of colleges, or any state-level entrance examination.Government colleges are less expensive than private colleges. The list below includes some of the best public and private colleges. The colleges mentioned in the table are listed alphabetically and not in any order of ranking hierarchy.

Institute Tuition Fees
IGNOU INR 8,400
KK Modi University INR 1.1 lakh
Madurai Kamaraj University INR 9000
Mahindra University --
Radha Govind University --

Top NIRF Ranked Law Colleges 2023

NIRF Ranking is a vital statistical information to determine the ratings of a college based on the research and professional practices and teaching and learning resources implemented by the institutes. It considers the effectiveness of the programmes offered by various institutes and determine the institute's outreach and inclusivity and how it is perceived in the educational fraternity. Students interested in pursuing various Law courses can apply in colleges taking into consideration their relevant positions as per the National Institutional Ranking Framework (NIRF). The colleges mentioned in the table are listed as per the NIRF Rankings 2023.

College

NIRF'23 Ranking

National Law School of India University, Bengaluru

1

National Law University, Delhi

2

Nalsar University of Law, Hyderabad

3

The West Bengal National University of Juridicial Sciences, Kolkata

4

Jamia Millia Islamia, Delhi                     

5

Symbiosis Law School, Pune

6

Gujarat National Law University, Gandhinagar

7

Siksha O Anusandhan University

8

Indian Institute of Technology Kharagpur 9
Babasheb Bhimrao Ambedkar University, Lucknow 10

Company Law Career, Scope and Top Job Profiles

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. Law graduates must qualify AIBE exam to practice in a court of law in India.

If a candidate has 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 INR 20,000 to 40,000 per month. With experience, this number could grow to INR 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:

Job Profile Job Description Average CTC in INR
Corporate finance lawyer Corporate finance lawyers help businesses on corporate finance transactions such as IPOs, debt offerings, and private equity deals. 8- 10 LPA
Employment lawyer Employment lawyers help businesses on issues such as employment contracts, discrimination, and wrongful termination. 7- 9 LPA
Regulatory lawyer Regulatory lawyers counsel businesses on regulatory compliance issues. They assist businesses in understanding and complying with applicable rules and regulations. 6- 9 LPA
Intellectual property lawyer  Intellectual property attorneys counsel businesses on intellectual property issues such as trademarks, copyrights, and patents. 8- 10 LPA
Compliance officer Compliance officers are in charge of ensuring that a corporation abides by all applicable laws and regulations. 7.5- 9.5 LPA

Top Company Law Recruiters

There are various companies which hire graduates who have specialised in Company Law and practice in various areas related to the management of companies. These law firms are well-known for their competence in all areas of corporate law, such as mergers and acquisitions, joint ventures, private equity, venture capital, and corporate governance. They have extensive experience assisting prominent local and international clients on difficult and high-stakes transactions. The top recruiters for Company Law are given in the table below:

Company Law Recruiters

Phoenix Legal

Lakshmikumaran & Sridharan

Luthra and Luthra

Desai & Dewanji

Cyril Amarchand Mangaldas

Khaitan & Co

AZB & Partners

J Sagar Associates

Trilegal India

Shardul Amarchand Mangaldas & Co.

Read More:

Important FAQs regarding Company Law

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. Corporate law is a rewarding profession in India. It is a rapidly expanding field with several chances for qualified professionals. Companies of all sizes require legal counsel on a wide range of corporate issues, including mergers and acquisitions, joint ventures, private equity, venture capital, and corporate governance.

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

A. A corporate lawyer's income in India varies depending on a variety of factors, including experience, geography, and the type of employer. However, the average annual income for a corporation lawyer in India is roughly INR 6.5 lakh. Fresh graduates in the field typically earn roughly INR 3- 5 LPA. However, earnings can rise dramatically with experience. Corporate lawyers with five to nine years of experience earn an average of INR 10- 14 LPA. Those with more than ten years of expertise can make far over twenty lakhs per year.

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. A bachelor's degree in law from a recognized university is required to pursue a master's degree in law (LLM) with a specialization in corporation law. An admission exam, such as the Law School Admission Test (LSAT-India), may also be necessary. 

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

A. Some of the daily job responsibilities of a Company lawyer are as follows:

  • Preparing legal documents
  • Assessing business partnerships
  • Negotiating deals
  • Representing the company in legal proceedings

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:

Q. Which course is better, Company Law or Corporate Law?

A. Both company law and corporate law are important areas of law that deal with the formation, operation, and dissolution of businesses. However, there are some key differences between the two.

Company law is a broader term that encompasses all aspects of the law relating to companies. This includes the formation of companies, the rights and duties of shareholders and directors, the financing of companies, and the winding up of companies.

Corporate law is a narrower term that focuses on the legal aspects of business operations. This includes areas such as mergers and acquisitions, securities law, and intellectual property law.

So, the answer depends on your interests and goals. If you are interested in a general overview of the law relating to companies, then company law is a good choice. If you are interested in a more specialized area of law, such as mergers and acquisitions, then corporate law is a better choice.

Q. Why is the Company Law important for a company?

A. Company law is a crucial aspect of business operations, serving several vital purposes for companies and their stakeholders:

Establishing Legal Framework: Company law provides a comprehensive legal framework for the formation, operation, and dissolution of companies.

Protecting Investors and Shareholders: Company law safeguards the interests of investors and shareholders by establishing rules for raising capital, managing company finances, and ensuring transparency in corporate governance.

Promoting Fair Competition: Company law promotes fair competition by regulating the behavior of companies and preventing anti-competitive practices.

Ensuring Compliance and Accountability: Company law ensures that companies comply with legal requirements and are held accountable for their actions.

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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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Popular Company Law UG Courses in India

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

UG Courses

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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