Foundation Level Corporate Law (FLCL)

Although this course was designed for law graduates, it is presented in a simple and practical way. We believe that anyone with tertiary education and exposure to business structures will master it with ease.

Buzz-in-Legal, provides online short foundation level modules on the general provisions of the Company Law, how companies are formed, shareholders subscribe, board members are appointed and removed; what powers and duties of directors are and what penalties exists for breach.

The assumption is that you have studied Company Law as a subject and understand the theory. Now you have a chance to master the Basic Principles and Concepts on which practical skills required in Corporate Law practice will be developed in the next module through practical hands on action learning.

Course Objectives

After reading and understanding the contents of this Module and you should be able to:

  • Recognise the different types of entities that can be formed and their characteristics;
  • Understand statutory requirements regarding company names, as well as the process for reserving names and registering defensive names;
  • Understand the filing requirements for the incorporation of a new company;
  • Understand the procedures for de-registering companies;
  • Be familiar with external companies.
Full sponsorship avalable for unemployed graduates

Course Outline (Learning Units)

  • Learning Unit 1 - Company formation definitions and concepts; Preparation and Filing of Notice of Incorporation.
  • Learning Unit 2 - Choosing and Registering a Company Name, guidelines, restrictions.
  • Learning Unit 3 - The Shareholder, shareholder, minimum shareholder required, Rights, Duties and Liabilities.
  • Learning Unit 4 - Directors, Definitions, Executive and Non-executive directors, appointment, removal, duties, breach, personal liability, powers.
  • Learning Unit 5 - Drafting the Memorandum of Incorporation; Content of the MOI, amendment of the MOI.