Individuals with a keen understanding and grasp of the complexities of humanities and the social aspect of human life often tend to choose a career in the field of law.
To many with a lack of better knowledge of the field and its scope, it is a natural assumption that a career in law means a professional life that revolves around the courtroom. This is not the case, students who pursue law have a wide variety of career options to pick and choose from.
The law degree they worked for can get them not only the knowledge of lawyers and other legal officers but they also have the opportunity to choose to be a part of any other field that requires the much-needed assistance of the legal army, be it media, corporate businesses, politics and many more. However, it all depends on the research and hard work one does to be able to achieve success in any career path.
Many a time, students with the potential and skill to excel in the field are unable to shine and soar simply because they did not have the right guidance and resources. It is very important to find law teachers that conduct law classes that would help pave the way for the students in overcoming the obstacles of lack of academic guidance. Now with the modern online means, one can easily find and join law classes that are not only authentic and reliable but also cater to the students in the best ways possible.
What is Equity Law in the Indian Legal System?
The word equity is a term that is derived from the Latin dictionary which essentially means justice and equal rights for everyone that is, egalitarianism. Equity as given meaning under the legal system of India is a legal framework that originally originated from the times of the English Chancery. Traces of its origin and function in India have been noted since the Smritis of the Hindu period.
As the law and its practice evolved, equity as a type and branch of law is now referred to as the rules and remedies that surface when the administration of justice is in the process but areas of certain cases and issues are not covered under the written statute. This is where equity comes into play, filling the gap in the already written and codified laws of the legal system in order to grant complete justice to those who seek it.
Equity Under the Legal System of India
In order to authenticate and justify certain aspects of equity in law functioning alongside the Common law, certain general principles of equity were defined as maxims and important acts were laid down as part of the legal framework.
Given below are the Acts that were passed and officially accepted into the legal statute:
- The Specific Relief Act, 1877
- The Indian Trusts Act, 1882
- The Transfer of Property Act,1882
- The Indian Succession Act,1925
To conclude, it can be said that laws relating to equity are modified and evolve based on incidents and precedents with the sole intention of granting equitable rights and solutions to the affected parties. Equity in law is applied and put in use to deal with the rigidity and inflexible nature of law and the statute law is applied when equity seems to be lacking. Thus both equity and law are integral to attain justice.
What is Corporate Law?
A branch of law that is focused on the governance, formation and operation of corporate firms can be termed as corporate law. Company law came into being in order to define a structural framework and control mechanism. To ensure that all actions within the company, be it a partnership or joint-stock or even sole proprietorship are within legal boundaries and regulated properly.
The legal aspect of the company is handled by the legal team of corporate lawyers and officers. It is a very integral part of any corporate organizations originating in the nation or in international nations. Knowledge and remedies that are associated with the principles of corporate law and the nature and principles of a company as a separate entity is the basis of what company law deals with.
Company Law Professors: Rising Demand
There are various fields dominated by law and many colleges and universities offering such law teaching undergraduate and postgraduate level programs and courses. There are many options to choose from like human rights, clinical legal education, administrative law. But it is business law, officially termed as corporate law or company law that is gaining popularity and recognition by law aspirants.
It is undoubtedly becoming known that the world is beginning to realize the significance and importance of corporate law. Students pursuing higher education are being encouraged to opt for corporate law courses and programs by their teachers and well-wishers. In order to cater to the growing number of candidates, there is a rise in the number of law schools and universities in affiliation to the legal education association. This increasing demand is not only seen in India but also in international nations.
Students are opting for this also because the corporate world is expanding at a very fast rate and is anticipated to continue to grow. Ambitious candidates with the hunger to have a lucrative career that offers adventurous opportunities and priceless experience are looking for the best faculty law institutes can provide.
Naturally, the faculty in whichever level of academics it may be built for would require the required team and department staff like law teachers, association law teachers, professor, associate professor and more. As a result of this, company law professors are higher in demand.
Company Law Classes: Eligibility
In order to seek admission into colleges and universities that offer company law classes, it is imperative that the candidate meets the minimum eligibility criteria. Every university and college have different defined criteria and a different admission process
Here are the basic requisite credentials required for admission in a law teaching institution:
Undergraduate Course Programs
In order to be eligible to apply for an undergraduate course, the candidate must have passed their higher secondary or Class 12 examinations from certified boards. A minimum percentage is decided and revised every year and it is different for ST and SC category students.
Postgraduate Course Programs
Candidates continuing education and wishing to apply for a postgraduate course must have an LLB degree or a degree equivalent to it. Or students who have successfully completed the five-year integrated law course can also be considered eligible for the postgraduate course. The minimum percentage is decided and revised usually, 50-60% is the benchmark required for application.
There are certain entrance level examinations like CLAT (Common Law Admission Test) which are required for admission into law teaching faculty and institutions. However, aspirants must keep their research up to date so that they do not end up wasting time and effort on the wrong courses.
What is the Scope of Company Law in India?
With the continuous globalization of trade and economy, a career in corporate law is gradually becoming amongst the most sort-after career paths that aspirants are opting for. So for there is little to worry about what is the scope of company law in India? More and more foreign firms are creating a base in the nation as well as new Indian firms are gaining momentum. As a result, there is ample demand and now, supply for jobs and placements in the field.
Here are a few job prospects and career options one could prefer after completing a degree in the field:
- Corporate Lawyers
- Administrative Law posts
- Business Lawyer
- Legal Company Attorney
- Legal Writer
- Legal Publisher
- Finance Analyst
- Compliance Officer
A career that has direct association to law is a lucrative career choice that offers a wide variety of options and opportunities in many fields to the individuals who pursued the degree and spent years acquiring the necessary knowledge and skills. All things considered, a striking professional competence is the most important skill any degree-holder could offer to their career.
Success in any field and career path depends solely on how much effort and hard work the aspirant is willing to exert. However, the right guidance and access to the necessary resources can really transform the path for any aspirant.
Seek Guidance Via Private Tutors
Students can also find the finest law teachers near them that are most suitable for them and their requirements via Superprof. Superprof is an online platform that helps connect students with private tutors who specialize in any and every subject they are searching for. Their website is extremely easy to follow through and have authentic reviews given by real people presenting their experience with their service.
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