Update on 2024-04-15

What is Corporate Law? - Courses, Scope, Subjects, Eligibility, Degree, Exams

Corporate Law: Overview

Corporate law refers to the legal practices and regulations governing corporations and businesses. It encompasses various aspects of business law, including company formation, governance, mergers and acquisitions, securities law, and intellectual property rights.

Corporate law plays a crucial role in ensuring the smooth functioning of businesses and protecting the interests of all stakeholders involved. In this article, we will discuss the various aspects of corporate law, including courses, scope, subjects, eligibility, degrees, and exams.

Courses in Corporate Law

There are several courses available in corporate law at the undergraduate and postgraduate levels.

Some of the popular courses are:

Bachelor of Laws (LLB)

LLB is a three-year undergraduate course in law. It is a foundational course that provides students with a broad understanding of the legal system and various branches of law, including corporate law. After completing an LLB degree, students can pursue a career as a corporate lawyer or work in other legal professions.

Master of Law (LLM) in Corporate Law

LLM in Corporate Law is a one-year postgraduate course that provides students with an in-depth understanding of corporate law and its various aspects. It is a specialized course that equips students with the necessary knowledge and skills to handle complex legal issues related to corporations and businesses.

Post Graduate Diploma in Corporate Law (PGDCL)

PGDCL is a one-year postgraduate diploma course in corporate law. It is designed to provide students with specialized knowledge and skills in corporate law and its practical application.

Scope of Corporate Law - Career in Corporate Law

The scope of corporate law is vast and diverse, encompassing various aspects of business law.

A corporate lawyer can work in different fields, including:

Corporate Law Firms

Corporate law firms are the primary employers of corporate lawyers. These firms specialize in providing legal services to corporations and businesses. Corporate lawyers working in these firms are involved in various activities, including company formation, mergers and acquisitions, contract drafting, and dispute resolution.

In-House Counsel

Large corporations and businesses often have in-house legal teams that provide legal advice and services to the company. Corporate lawyers working in-house counsel are responsible for providing legal guidance on various matters, including contracts, compliance, and intellectual property rights.

Government Agencies

Corporate lawyers can also work in government agencies that regulate businesses and corporations. These agencies include the Securities and Exchange Board of India (SEBI), the Reserve Bank of India (RBI), and the Competition Commission of India (CCI).

Updated Syllabus for Corporate Law Students

Some of the subjects covered in corporate law courses are:

Corporate Law and Governance

This subject covers the legal framework and regulations governing corporations and their governance structure.

Company Law

This subject covers the legal aspects of company formation, management, and dissolution.

Securities Law

This subject covers the laws and regulations governing the issuance, trading, and transfer of securities.

Mergers and Acquisitions

This subject covers the legal aspects of corporate mergers, acquisitions, and reorganizations.

Intellectual Property Law

This subject covers the legal aspects of intellectual property rights, including trademarks, patents, and copyrights.

Eligibility and Degree for Corporate Law Course

The eligibility criteria for corporate law courses may vary depending on the course and the institution.

However, some of the common eligibility criteria are:

For LLB: Candidates must have completed their undergraduate degree in any discipline with a minimum of 50% aggregate marks from a recognized university.
For LLM: Candidates must have completed their LLB degree from a recognized university with a minimum of 50% aggregate marks.
For Diploma/Certificate Courses: Candidates must have completed their undergraduate degree in any discipline from a recognized university.
For Ph.D.: Candidates must have completed their LLM degree with a minimum of 55% aggregate marks from a recognized university.

Law Degree's

After completing the corporate law course, students can earn the following degrees:

Bachelor of Laws (LLB)
Master of Laws (LLM) in Corporate Law
Post Graduate Diploma in Corporate Law
Certificate Course in Corporate Law
Doctor of Philosophy (Ph.D.) in Corporate Law

Law Entrance Exams in India

As mentioned earlier, there are various exams for corporate law courses.

Below are some of the popular exams for corporate law:

CLAT (Common Law Admission Test): This exam is conducted for admission to undergraduate and postgraduate law programs in various national law universities in India. The exam covers topics like legal aptitude, reasoning, English language, and general knowledge.
AILET (All India Law Entrance Test): AILET is conducted by the National Law University Delhi for admission to undergraduate and postgraduate law programs in the university. The exam covers topics like legal aptitude, reasoning, English language, and general knowledge.
LSAT (Law School Admission Test): This exam is conducted by the Law School Admission Council for admission to various law programs in India and other countries. The exam covers topics like analytical reasoning, logical reasoning, and reading comprehension.
SET (Symbiosis Entrance Test): SET is conducted by Symbiosis International University for admission to various undergraduate law programs in the university. The exam covers topics like legal reasoning, general knowledge, and English language.
MH CET Law: This exam is conducted by the State Common Entrance Test Cell, Maharashtra for admission to various undergraduate law programs in the state. The exam covers topics like legal aptitude, general knowledge, and English language.