Overview

Corporate law is a subject of legal and external affair concerns, Mergers and Acquisitions (M&A), and deals with the business interaction of stockholders, stakeholders, customers & other parties through corporate governance & commercial business.

Corporate lawyers could serve a company, a business community and inform them of their legal rights and responsibilities. Corporate lawyers could be running for a statement or a large law firm or a governing body like the Reserve Bank of India.

(a) Acquiescence: One of the categories of corporate law is Acquiescence the lawyers who practice in this field guarantee that there is the compliance of commands by the organization.

The lawyers can act as: 

• In-house Lawyer: They are approved by the corporation’s law office to take care of matters associated with employment, management, taxes, and administrative matters.
• Counseling of openly and privately held corporations: The corporate lawyer assists the organization in matters compared to the issuance of securities, information on litigation interests, and tax matters.

(b) Corporate Prosecution: When a business is included in litigation, it enhances corporate prosecution. The corporate lawyers who exercise in this department take time to withdraw litigation and also conduct market disputes with another company.

The main corporate litigation levels are:

• Unreliable or Fraud Practice: When any company chooses dishonest means to brand their commodities, or if there has been any misapplication of intellectual property.
• Any representative or employer strife: Any struggles due to poor shape or the right of the representative being attacked.

(c) Banking and Finance: One of the main application sectors in corporate law is the Banking and Finance division. The corporate attorneys in this department deal with Debt Restructuring, Syndicate lending, Acquisition. The agents work in government or private division banks or financial corporations.

(d) International Capital Markets: The Corporate attorneys in International capital market information on the issuance of mortgage protection and convertible bonds, qualified institutional organizations, closed bond arrangements, Initial Public Offerings (IPO), and work intimately with Banks and Venture capitalists.

(e) Real Estate: The real estate attorneys suggest the Real estate projects initiated by the organizations. Also, they suggest joint ventures and property recovery.

In India, under the Companies Act 1956, which is the Corporation Laws in India, all businesses have to designate them under the Company Law Act.

Important Corporate Laws In India : 

1. The Companies Act, 1956: An act to amend and consolidate the laws relating to organizations. It was established in 1956.
2. Companies Act, 1918: An act to take charge to prevent the alteration of articles of association which prohibits the foreign interest in some organizations but with the sanction of the Government.
3. Companies Act, 2006: This act was added for additional improvements in the Companies Act,1956. It declares that no business shall designate any person as a Director if that individual does not have Director Identification Number (DIN) following section 266B.
4. Competition Act of 2002: It supports sustainable engagement in the market and prevents any anti-competitive marketing tactics.
5. Foreign Trade Act 1992: An act for the development and prerequisites of foreign trade by initiating imports into, and starting exports from India.