Download CS executive amendments June 2018. The next examination of Company Secretary (CS) Executive Programme shall be held in the month of June 2018. The Institute of Company Secretaries of India (ICSI) has announced and uploaded the relevant amendments and updates applicable for CS Executive June 2018 term of examinations.
CS Executive students are also required to update themselves on all the relevant Notifications, Circulars, Clarifications, etc. issued by the SEBI, RBI and Central Government on or before six months prior to the date of the examination.
ICSI has also released Practice Manual (PM) for CS Executive Programme. The students, who wish to procure printed copies, may purchase from sale counters at ICSI Regional offices/ Chapter offices or order it online through e-cart on ICSI website.
CS Executive Programme Amendments for June 2018 Exams
Paper-1 (COMPANY LAW):
ICSI has released the latest study material (July 2017 Edition) for CS executive relevant for June 2018 examinations. This study material is based on those sections of the Companies Act, 2013 and the rules made there under which have been notified by the Government of India and came into force w.e.f. April 01, 2014 (including Amendments/ clarifications/ circulars issued there under upto June, 2017).
ICSI has also issued Corrigendum to Study Material Company Law (Executive Programme) (New Edition-2017).
Companies (Amendment) Act, 2017:
The Central Government has notified the Companies (Amendment) Act, 2017 (Amendment Act) on 3rd January, 2018. The provisions of this Amendment Act shall come into force on the date or dates as the Central Government may appoint by notification(s) in the Official Gazette.
Since the Notifications, Circulars, Clarifications, etc. issued by the Regulators, on or before six months prior to the June 2018 Examination are applicable, accordingly, the Companies (Amendment) Act, 2017 is not applicable for the examination to be held in June, 2018.
Paper-4 (Tax Laws and Practice):
For Direct taxes, Finance Act, 2017 is applicable. CS Executive candidates shall prepare themselves for Assessment Year is 2018-19 (Previous Year 2017-18). Since, Wealth Tax Act, 1957 has been abolished w.e.f. 1st April, 2015. The questions from the same will not be asked in examination for June 2018.
For Indirect Taxes, all changes made by the Finance Act, 2017 are also applicable. Students are also required to update themselves on all the relevant Notifications, Circulars, Clarifications, etc. issued by the CBDT, CBEC & Central Government, on or before six months prior to the date of the June 2018 Examination.
Applicability of GST in CS June 2018:
With the implementation of Goods & Services Tax from July 1, 2017, ICSI has replaced Part B (Marks 30) of the syllabus for Tax Law and Practice Paper (Module – 1 Paper – 4) with “The Goods & Services Tax (GST)” for June 2018 examination.
Accordingly, the syllabus for Part-B of Tax Law and Practice Paper Module – 1 Paper – 4 (30 Marks) for CS Executive June 2018 exam shall be as under:
a) The Central GST Act,2017
b) The Integrated GST Act,2017
c) The Union Territory GST Act,2017
d) The GST(Compensation to States) Act,2017
However, the rules relating to GST regime shall not be applicable for CS executive December, 2017 exam.
- Questions relating to Service Tax Laws and Value Added Tax will not be asked in June 2018 exam.
- There is no change in the syllabus of Part A – Income Tax (70 Marks) of Tax Laws and Practice Paper (Module – 1 Paper – 4) of Executive Programme.
ICSI has released eBook on PAPER-4 Tax Law and Practice which is relevant for Students appearing in CS executive June 2018 Examination. You may click on download link to download this eBook on Tax Laws and Practice and prepare for your coming examination of CS June 2018.
Paper-5 (Company Accounts and Auditing Practices):
You may download the relevant AS Rules, InAS Rules and CARO 2016 for June 2018 exams.
- The Companies (Accounting Standards) Amendment Rules, 2016.
- The Companies (Auditor’s Report) Order, 2016. [CARO 2016]
- The Companies (Indian Accounting Standards) (Amendment) Rules, 2016.
Click here to download soft copy (PDF) of Practice Manual- Company Accounts and Auditing Practices.