SVKM’s NMIMS School of Law’s Center for Corporate Laws, which would be established soon, proposes to be one of the centers for Learning and Practice in the field of Corporate Laws (“CCLP”). A proactive resource center, CCLP aims to be a full- fledged arm of School of Law, having a faculty coordinator and a core team of research scholars working on Corporate laws by providing a platform for our students to engage in learning, research, understanding of the acts and compliance issues, policy analysis, conduct seminars and consultation with all stakeholders - including, industry, legal experts and corporate bodies .To meet its objectives, CCLP seeks to build linkages and collaborate with corporates, professional bodies and Chambers of Commerce and Industry.
Genesis and Need for the Center of Corporate Laws
As the Indian economy is growing and trying to excel in an era of increasing global competition and economic uncertainty, understanding the role that corporations play to increase the national wealth is more important than ever. Corporations in turn are governed by a plethora of corporate laws and compliances, the knowledge of which is indispensable for survival in a world with cut throat competition.
Corporate laws play a predominant role in today’s society as business enterprises are more likely to grow and prosper only if there are fewer abuses and a quick redress mechanism is available to the victims of corporate frauds .Investors will be more willing to invest, and will do so at higher valuations, if they are sufficiently confident that their wealth will not be expropriated by the directors and officers (i.e., insiders) and controlling shareholders.
Similarly not adhering to statutory compliances could lead corporates to huge economic losses, loss of market reputation and even criminal liability.
Awareness about Corporate laws, their application, abuses and compliance issues are indispensable for students and the corporates. Thus a need was felt for having a centre which would strive to create awareness among the various stakeholders.
Objective of the center
- To equip law students and legal professionals with knowledge of corporate laws.
- To impart knowledge and training about different forms of organizations, functions in organizations, business strategies and environment, along with an exposure to Business laws and compliances
- Promoting, encouraging and initiating research related to corporate laws.
- To organise training programs, seminars, expert guest lectures and moot activities.
- To collaborate with corporates, law firms, professional bodies and chambers of commerce and Industry.
- To equip students to conduct seminars and for spreading awareness of corporate laws and compliances.
Focus @ Center:
- Corporate Accountability
- Business Ethics
- Corporate Abuse
- Misrepresentation in financial statements of corporations
- Manipulation in the stock markets
- Misrepresentation in advertisement and salesmanship
- Embezzlement and misappropriation of funds
- Corporate Social Responsibility
- Compliance Issues
Activities @ Center:
- Organize events such as, workshops, convene debates and discussions, continuing education and training programmes in order to create awareness about corporate laws.
- Indulge in research projects and activities in collaboration with corporates, professional bodies and chambers of commerce and Industry.
- Organize debates, Moot court and other competitions to raise awareness about corporate laws.
- Initiating short course/diploma/certificate programs on Environmental Law to further body of knowledge on the subject.
- Organizing and conducting joint workshops on corporate laws.
- Corporate firms
- Professional bodies like the Institute of Company Secretaries of India, Institute of Chartered Accountants of India and the Institute of Cost Accountants of India.
- Bombay Chamber of Commerce and Industry
- Firms dealing with CSR and activities of like nature
- Law firms litigating on Corporate Laws.
- Think tanks and other such research organizations indulging in field work and research relating to Corporate Laws
- Other organizations of similar nature.
Committee @ Center
- Prof. Sunil George
- Dr. Rhishikesh Dave, Dean, School of Law
Committee - Composition and Roles
1. The Committee shall comprise of the faculty & concerned students of SVKM’s NMIMS School of Law.
2. The composition of the committee and their roles shall be as follows :
a) Faculty Coordinator of the Center:
- Supervising and overseeing the functions and activities of the Center.
- Chairing the meetings of the center.
- Link between the center and the Dean, School of Law.
- Ensuring reports of the Center are in place.
- Help establish linkages with corporates, law firms and professional bodies.
b) Student Members : (Six Members)
- Preparing agendas for the upcoming meetings.
- Maintaining minutes of the meetings.
- Maintaining records and official paperwork.
- Coordinating with other members of the center
- Managing accounts and finances
- Gathering sponsorship for events.
3) Member – (In charge of Communications)
- In charge of Communications
- Drafting of notices, circulars etc.
4) Member – (In charge of Events)
- Organizing all events of the Center
5) Member – (In charge of Marketing and PR)
- Marketing and promoting all activities of the center
- Identify the training needs of the members and corporates
6) Member – (In charge of Training)
- Identify the training needs of the members and corporates.
- Organize training programs to cater to the same.