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CS Executive New Proposed Syllabus 2017

ICSI revised syllabus 2017 exposure draft. CS Executive Programme new proposed Syllabus 2017 to be approved by Syllabus Review Board of CS Institute.

The Institute of Company Secretaries of India (ICS) has announced the exposure draft on Proposed New Syllabus for Company Secretary Executive Programme Course. The evolving corporate paradigm, regulatory reforms and the advancement in technology necessitate the revision of syllabus to make it contemporary and to ensure that a student, who goes through the learning process delivers optimum output when he / she forays into professional world.

India has witnessed significant regulatory and structural changes in last few years, leading to changes in business dynamics, eco-system and expectations of various stakeholders and society at large. The proposed curriculum is designed with objective of developing competency in core areas, basic understanding of ancillary to the core areas and ability to make integrated application in identified areas of expertise. The underlying Guiding Principles in formulation of syllabus are as under:

(a) To develop competence, professional skills and acumen to groom Company Secretaries as Governance, Risk and Compliance (GRC) professionals.

(b) To focus on core areas, ancillary to the Core and specialized areas of expertise, which requires integrated applications of core and ancillary areas.

(c) To develop attributes, skill sets and competency required for performance of role by a Company Secretary to cater to the needs of various types of industry.

(d) To facilitate employability of new members and groom their skills and confidence to enable them to venture into Practice on their own.

(e) To develop skills and competence of executive programme passed students to act as Secretarial Executive in companies or in professional and consultancy firms.

The proposed Syllabus has been developed after extensive deliberations and brainstorming, adopting 360 degree approach by Core Group on Vision New ICSI 2022 under the Chairmanship of CS Pavan Kumar Vijay, Past President, ICSI. The same was subsequently deliberated and approved by the Syllabus Review Board.

CS EXECUTIVE PROPOSED SCHEME OF PAPERS

Module – 1

  1. Jurisprudence, Interpretation & General Laws
  2. Company Law
  3. Setting up of Business Entities & Closure
  4. Tax Laws

Module – 2

  1. Corporate & Management Accounting
  2. Securities Laws & Capital Markets
  3. Economic, Business and Commercial Laws
  4. Strategic and Financial Management – Principles and Techniques

ICSI Executive Programme New Syllabus 2017

This program has been designed to develop skills and competence of executive program passed students to act as Secretarial Executive in companies or in professional and consultancy firms).

Module 1

Paper 1: Jurisprudence, Interpretation & General Laws

Constitution of India, Law of Torts, Interpretation of Statutes & Other General Laws (Limitation, Specific Relief, Evidence, Stamp, Registration, General Clauses, CPC, CrPC, Arbitration, RTI)

Paper 2: Company Law

Part A: Company – Law, Principles and Concepts,

Companies Act, 2013 except areas covered in Paper 3 and other papers in professional paper (50 Marks)

Part B: Company Administration and Meetings

Law and Practices (Directors, KMP, Board and General Meetings, Secretarial Standards) (40 Marks)

Part C: Company Secretary as a profession (10 Marks)

Paper 3: Setting up of Business Entities & Closure

Part A: Setting up of Business (40 Marks)

  • Setting up of various types of business& other Entities
  • Setting up of professional firms
  • Setting up of business outside India

Part B: Registration, Licence & Compliances (35 Marks)

Part C: Insolvency, Liquidation & Closure of Business (25 Marks)

Paper 4: Tax Laws

Part A: Direct Taxes (50 marks)

Part B: Indirect Taxes-Goods and Services Tax (50 Marks)

Module 2

Paper 5: Corporate & Management Accounting

Part A: Corporate Accounting (40 Marks)

Part B: Accounting Standards (15 Marks)

Part C: Concept and Principles of Valuation (20 Marks)

Part D: Cost & Management Accounting (25 marks)

Paper 6: Securities Laws & Capital Markets

Part A: Securities Laws (80 Marks)

Part B: Capital Markets & Intermediaries (20 Marks)

Paper 7: Economic, Business and Commercial Laws

Part A: Foreign Exchange Management & NBFCs (40 Marks)

Part B: Competition Law (25 marks)

Part C: Business and Commercial Laws (35 Marks)

Paper 8: Strategic and Financial Management– Principles and Techniques

Part A: Strategic Management (40 Marks)

Part B: Financial Management (30 Marks)

Part C: Information Technology (30 Marks)

CS Executive Paper 1 New Syllabus 2017

Module 1

Paper 1: Jurisprudence, Interpretation & General Laws

Objective:

To provide understanding and working knowledge of principles of Law, legislative environment, interpretation of statutes and general laws.

  1. Sources of Law
  • Meaning of Law and its Significance
  • Relevance of Law to Modern Civilized Society
  1. Constitution of India
  • Broad Framework of the Constitution of India
  • Fundamental Rights, Directive Principles & Fundamental Duties
  • Legislative Powers of the Union and the States
  • Writ Jurisdiction of High Courts and the Supreme Court
  • Different types of writs
  1. Interpretation of Statutes
  • Need for interpretation of a statute
  • Principles of Interpretation
  • Aids to Interpretation
  • Delegated Legislation
  • Legal Terminologies & Legal Principles
  1. Law of Torts
  • General conditions of Liability for a Tort
  • Strict and Absolute Liability
  • Vicarious Liability
  • Torts or wrongs to personal safety and freedom
  • Remedies in Torts
  1. Special Courts, Tribunals under Companies Act & Other Laws
  • Constitution, Powers of Tribunals
  • Procedure before Tribunals
  • Powers of Special Courts
  • Power to punish for contempt
  • Overview of NCLT Rules
  • Quasi-Judicial Authorities
  1. Specific Relief Act, 1963
  • Rescission of Contracts
  • Cancellation of Instruments
  • Declaratory Decrees
  • Preventive Reliefs
  1. Limitation Act, 1963
  • Computation of the Period of Limitation
  • Bar of Limitation
  • Acquisition of ownership by Possession
  • Classification of Period of Limitation
  1. Indian Evidence Act, 1872
  • Statements about the Facts to be Proved
  • Relevancy of facts connected with the fact to be proved
  • Opinion of Third Persons
  • Facts of which evidence cannot be given
  • Oral, Documentary and Circumstantial Evidence
  • Presumptions
  • Estoppels
  1. Indian Stamp Act, 1899
  • Principles of Levy of Stamp Duty
  • Determination, mode and timing of Stamp Duty
  • Consequences of Non-Stamping and Under-Stamping
  • Adjudication
  • Allowance and Refund
  • Concept of E-Stamping
  1. Registration Act, 1908
  • Registration of Documents – Compulsory, Optional
  • Time and Place of Registration
  • Consequences of Non-Registration
  • Prerequisites for Registration
  1. Arbitration and Conciliation Act, 1996- an Overview
  2. Civil Procedure Code, 1908
  • Structure and Jurisdiction of Civil Courts
  • Basic Understanding of Certain Terms – Order, Judgment and Decree, Stay Of Suits, Res Judicata, Summary Proceedings, Appeals, Reference, Review and Revision
  • Powers of Civil Court and applicability on NCLT /NCLAT
  • Institution of Suit
  • Summary Procedure
  1. Criminal Procedure Code, 1973
  • Classes of Criminal Courts
  • Vicarious Liabilities of Directors
  • Power of Courts
  • Arrest of Persons
  • Mens Rea
  • Cognizable and Non-Cognizable Offences
  • Bail
  • Continuing Offences
  • Summons and Warrants
  • Searches
  1. Right to Information Act, 2005
  • Public Authorities & their Obligations
  • Penalties
  • Role of Central/State Governments
  1. Administrative Laws
  • Conceptual Analysis
  • Source and Need of Administrative Law
  • Principle of Natural Justice
  • Administrative Directions
  • Judicial & Other Remedies

16.General Clauses Act, 1897

  • General Rule of Construction
  • Powers and Functions
  • Power as to Orders, Rules etc., made under Enactments

17.Making of an Act, Reading of Bare Act & understanding citation of Cases

Case Laws, Case Studies & Practical Aspects

CS Executive Paper 2 New Syllabus 2017

Module 1

Paper 2: Company Law

Objective:

To impart expert knowledge, acquaintance and familiarity with various provisions of the Companies Act, its schedules, rules, notifications, circulars including case laws and Secretarial standards.

Part A: Company – Law, Principles & Concepts(50 Marks)

  1. Introduction
  • Jurisprudence of Company Law
  • Company – Meaning, Nature and its Characteristics
  • Concept of Corporate Personality, Corporate Veil
  • Applicability of Companies Act
  • Definitions and Key Concepts
  1. Share Capital and Debentures
  • Concept of Share Capital
  • Public Offer and Private Placement
  • Prospectus
  • Kinds of Share Capital
  • Issue and Allotment
  • Issue of Certificates
  • Listing on stock exchange
  • Voting Rights
  • Variation of Shareholders’ rights
  • Sweat Equity Shares
  • Issue and Redemption of preference shares
  • Transfer and Transmission of securities
  • Further Issue of Share Capital
  • Bonus Shares
  • Buyback of securities
  • Alteration of Share Capital
  • Reduction of Share Capital
  • Debentures
  1. Acceptance of Deposits
  • Overview of Company Deposits
  • Exempted Deposits
  • Repayment of Deposits
  • Damages for fraud
  1. Membership
  • Register of Members
  • Declaration of Beneficial Interest
  • Rights of Members
  1. Charges
  • Creation and Registration
  • Modification, Satisfaction of Charges
  • Inspection of charges
  1. Dividend
  • Profit and Ascertainment of Divisible Profits
  • Declaration and Payment of Dividend
  • Treatment of Unpaid and Unclaimed Dividend
  • Transfer of Unpaid and Unclaimed Dividend to Investor Education and Protection Fund
  1. Accounts and Audit
  • Books of Accounts
  • Financial Statements
  • National Financial Reporting Authority
  • Board’s Report
  • Internal Audit
  • Auditors-Appointment, Resignation and Procedure relating toRemoval, Qualification and Disqualification, Rights, Duties and Liabilities
  • Audit and Auditor’s Report
  • Cost Audit and Special Audit
  • Annual Report on Government Companies.
  1. Other Related Aspects
  • Registration Offices and Fees
  • Companies to furnish information and statistics
  • Basic concepts of Compromises, Arrangement and amalgamation
  • Members Rights & Shareholders Democracy
  • Registered Valuers
  • Overview of winding-up

Part B: Company Administration and Meetings – Law and Practices (40 Marks)

  1. Directors and Managerial Personnel
  • Board Constitution and Powers –Constitution of Board, Restriction and Powers of Board, Contribution to Charitable Funds, Political Contributions, National Defence Fund, etc.; Board Committees– Audit, Nomination and Remuneration, Stakeholders’Relationship, Others.
  • Directors – Types, DIN, Appointment/ Reappointment, Qualifications, Disqualifications, Vacation of Office, Retirement, Resignation and Removal, Roles, Rights, Responsibilities, and Duties of Directors; Loans to Directors, Office or Place of Profit, Disclosure of Interest
  • Key Managerial Personnel –Appointment of Key Managerial Person KMPs, Managing and Whole-Time Directors and Manager; Company Secretary – Appointment, Role and Responsibilities, Company Secretary as a Key Managerial Personnel; Officer who is in default.
  • Managerial Remuneration
  1. Board and Committee Meetings
  • Frequency, Convening, Proceedings
  • Video Conferencing of Board/Committee(s)
  • Quorum
  • Resolution by Circulation
  • Minutes
  • Secretarial Standard – 1
  1. General Meeting
  • General and Other Meetings
  • Convening and conducting meeting
  • Notice, Quorum, Poll, Chairman, Proxy
  • Voting including Voting through Electronic Means
  • Resolutions
  • Circulation of Members’ Resolution, etc.
  • Postal Ballot
  • Recording
  • Signing and Inspection of Minutes
  • Secretarial Standard – 2.
  1. Annual Return
  • Signing, Certification and Filing
  • Annual Return of foreign company
  1. Inter-Corporate Loans, Investments, Guarantees and Security: An overview
  2. Disclosure of Interest, Related Party &Related Party Transaction
  • Provisions relating to Related Party Transactions under Section 188 of the Companies Act, 2013 & SEBI (LODR), 2015,
  • IndAS-24, AS-18.
  1. Corporate Social Responsibility
  • Applicability
  • CSR Activities
  • CSR Committee
  • CSR Expenditure
  • Calculation of net profit
  • CSR Reporting.

Part C: Company Secretary as a Profession (10 Marks)

  1. Legal framework governing Company Secretaries: The Company Secretaries Act, 1980 alongwith Rules and Regulations
  2. Professional Misconduct: Disciplinary Mechanism and Penalties

CS Executive Paper 3 New Syllabus 2017

Module 1

Paper 3: Setting up of Business Entities and Closure

Objective:

To provide working knowledge and understanding about setting up of business entities and closure.

Part A: Setting up of Business (40 Marks)

  1. Form of Business – Companies Act
  • Private Company
  • Public Company
  • One Person Company
  • Government Company
  • Foreign Company – Liasion Offices, Branch Office & Project office
  • Company Authorised to be registered under the Act (Part XXI Companies)
  1. Non-Profitable Institutions& NGOs
  • Section 8 Company
  • Trust
  • Society
  • Special emphasis on FCRA compliance
  1. Other forms of business organisations
  • Sole Proprietorship
  • Partnership
  • Hindu Undivided Family
  • Limited Liability Partnership
  1. Legal status of Registered Companies
  • Small Companies
  • Holding Company, Subsidiary Company &Associate Companies
  • Inactive Companies
  • Dormant Companies
  1. Financial Services Organization
  • NBFCs
  • MFI
  • Housing Finance Company
  1. Joint Ventures, Special Purpose Vehicles
  2. Setting up of Business outside India
  3. Charter Documents, Registrations, Conversion of status and alteration in Charter documents.

Part B: Registration, Licenses & Compliances (35 Marks)

  1. Various Initial Registrations and Licenses
  • Mandatory Registration – PAN, TAN, Shops & Establishments, ESI/PF, SSI/MSME, Domain and Website, GST Registration.
  • Additional Registration/Licence – Pollution, Other registration as per requirement of sector, ISO, IE Code, Drug License, FSSAI, Trademark, Copyright, Patent, Design, RBI, Banking, IRDA, Telecom, I & B.
  • MSME Registration, UdyogAdhar Memorandum
  1. Identifying laws applicable to various Industries
  2. Intellectual Properties laws (Provisions applicable for setting up of business):

Copyright Act, 1957, Patents Act, 1970, Trade Marks Act, 1999, Geographical Indication of Goods (Registration and Protection) Act, 1999, Designs Act, 2000.

  1. Compliances under Labour Laws (Provisions applicable for setting up of business):

Factories Act, 1948, Minimum Wages Act, 1948,Payment of Wages Act, 1936, Equal Remuneration Act, 1976, Employees’ State Insurance Act, 1948Employees’ Provident Funds and Miscellaneous Provisions Act, 1952, Payment of Bonus Act, 1965, Payment of Gratuity Act, 1972, Employees Compensation Act, 1923, Contract Labour (Regulation and Abolition) Act, 1970, Industrial Disputes Act, 1947, Trade Unions Act, 1926, Maternity Relief Act, 1961, Child and Adolescent Labour (Prohibition and Regulation) Act, 1986

  1. Compliances relating to Environmental laws (Provisions applicable for setting up of business):

Water (Prevention and Control of Pollution) Act, 1974,Air (Prevention and Control of Pollution) Act, 1981, Environment Protection Act, 1986, Public Liability Insurance Act, 1991,National Green Tribunal Act, 2010

  1. Maintenance of Registers and Records

Part C: Insolvency, Liquidation & Closure of Business (25 Marks)

  1. Insolvency and Bankruptcy, Liquidations and Closures
  • Insolvency & Bankruptcy – An Overview
  • Liquidation
  • Winding-up
  • Removal of name of Companies from Register of Companies

CS Executive Paper 4 New Syllabus 2017

Module 1

Paper 4: Tax Laws

Objective:

To provide working knowledge on practical application of Direct tax laws and expert knowledge on GST Laws.

Part A: Direct Taxes (50 marks)

  1. Direct Taxes at a Glance
  • Background of Taxation system in India
  • Vital Statistics
  • Layout
  • Administration
  1. Basics concepts of Income Tax
  • An overview of economic aspects related to Budget
  • Background
  • Important definitions under Income Tax Act, 1961
  • Distinction between Capital and Revenue Receipts and Expenditure
  • Residential Status & Basis of Charge
  • Scope of Total Income
  • Tax Rates
  1. Incomes which do not form part of Total Income
  • Income’s not included in total Income
  • Tax holidays
  1. Computation of Income under Various Heads
  • Income from Salary
  • Income from House Property
  • Profit and Gains of Business or Profession
  • Capital Gains
  • Income from Other Sources
  1. Clubbing provisions and Set Off and / or Carry Forward of Losses
  • Income of other person’s included in Assessee’s Total Income
  • Aggregation of Income
  • Set off and / or Carry forward of losses
  1. Deductions from gross total income & Rebate and Relief
  • Deductions in respect of certain payments
  • Specific deductions in respect of certain income
  • Expenditure / Donation towards Corporate Social Responsibility (CSR)
  • Other deductions
  • Rebates and Reliefs
  1. Computation of Total Income and Tax Liability of various entities
  • Individual
  • Hindu Undivided Family ‘HUF’
  • Partnership Firm / LLP
  • Co-operative Societies
  • Association of Person ‘AOP’ and Body of Individual ‘BOI’
  • Political Parties
  • Electoral Trusts
  • Exempt organization – Registration, conditions & Compliances
  • Registration of an Entity under section 80G, 35AC
  1. Classification and Tax Incidence on Companies
  • Computation of taxable income and tax liability of Company
  • Dividend Distribution Tax
  • Minimum Alternate Tax ‘MAT’
  • Other Special Provisions Relating to Companies
  • Equalization Levy
  1. Procedural Compliance
  • Permanent Account Number ‘PAN’ / Tax Collection Account Number ‘TAN’
  • Tax Deduction at Source ‘TDS’ & Tax Collection at Source ‘TCS’
  • Advance Tax &Self Assessment Tax ‘SAT’
  • Returns, Signatures, E-Filing
  • Fee and interest for default in furnishing return of Income
  • Collection, Recovery of Tax, & Refunds

Case Laws, Case Studies & Practical Aspects

Part B: Goods and Service Tax (50 marks)

10.Concept of Indirect Taxes at a glance

  • Background
  • Constitutional powers of taxation
  • Vital Statistics
  • Indirect taxes in India – An overview
  • Pre-GST tax structure and deficiencies
  • Administrationof Indirect Taxation in India
  • Existing tax structure

11.Basics of Goods and Services Tax ‘GST’

  • Basics concept and Overview on GST
  • Constitutional Framework of GST
  • GST Model – CGST / IGST / SGST / UTGST
  • Taxable Event
  • Concept of supply including composite and mixed supply
  • Levy and collection of CGST and IGST
  • Composition scheme & Reverse Charge
  • Exemption under GST
  1. Concept of Time, Value & Place of Taxable Supply
  • Basics concept of Time and Value of Taxable Supply
  • Basics concept of Place of Taxable Supply
  1. Input Tax Credit & Computation of GST Liability
  2. Procedural Compliance under GST
  • Registration
  • Tax Invoice, Debit & Credit Note, Account and Record, Electronic way Bill
  • Return, Payment of Tax, Refund Procedures
  • Audit
  1. Basic overview on Integrated Goods and Service Tax (IGST), Union Territory Goods and Service tax (UTGST), and GST States to Compensation Act.
  2. Overview of Customs Act

Case Laws, Case Studies & Practical Aspects

CS Executive Paper 5 New Syllabus 2017

Module-2

Paper 5: Corporate & Management Accounting

Objectives:

Part A (Corporate Accounting): To provide knowledge and understanding of the concepts, principles and practices in Corporate Accounting with respect to Indian and International Accounting practices

Part B (Accounting Standards): To provide understanding on the concept of Accounting Standards, Accounting policies, Valuation norms and Disclosure requirements in order to make financial statements more meaningful and comparable

Part C (Concept and Principles of Valuation): To enable the student to acquire knowledge on the Concepts and Principles of Valuation and facilitating in decision making process

Part D (Cost & Management Accounting): To acquire knowledge and understanding of the concepts, techniques and practices of cost and management accounting and to develop skills for decision making.

Part A: Corporate Accounting (40 marks)

  1. Introduction to Corporate Accounting
  2. Accounting for Share Capital
  • Issue of Shares
  • Forfeiture and Re-issue of Shares, Buyback of Shares, Redemption and Conversion, Bonus Shares, Rights Issue, ESOPs, ESPS, Sweat Equity Shares
  • Alteration of Share Capital and Underwriting; Book Building
  1. Accounting for Debentures
  • Accounting Treatment and Procedures; Redemption of Debentures and Conversion of Debentures into Shares
  1. Related Aspects of Company Accounts
  • Accounting for ESOP, Buy-back, Equity Shares with differential rights, Underwriting and Debentures
  1. Final Accounts of Companies
  • Preparation and Presentation of Financial Statements
  • How to Read and understand Financial Statements
  1. Consolidation of Accounts
  • Concept of Holding and Subsidiary Companies
  • Accounting Treatment with disclosures
  1. Corporate Financial Reporting
  • Recent trends in Financial Reporting
  • Requirements of Corporate Reporting
  1. Related Party Disclosures
  • Meaning and Nature of Related Party,
  • Relationships & Transactions,
  • Disclosures under Accounting Standard – 18
  1. Segment Reporting
  • Meaning and importance in segment reporting, AS17

Part B: Accounting Standards (15 marks)

  1. Accounting Standards (AS)
  • Applicability, Interpretation, Scope and Compliance
  • International Financial Reporting Standards
  • Overview of Ind AS, AS vs. Ind AS vs. IFRS
  1. Relevance and Significance, National and International Accounting Authorities
  2. Adoption, Convergence and Interpretation of International Financial Reporting Standards (IFRS) and Accounting Standards in India

Case Studies & Practical Aspects

Part C: Concept and Principles of Valuation (20 marks)

  1. Valuation Principles &Framework
  • Conceptual Framework of Valuation
  • Approaches/Methods of Valuation
  • Relative Valuation
  • Other Approaches to Value Measurement
  • Registered Valuer

14.Valuation of Shares and Intangible Assets

  • Methods of Valuation
  • Valuation of Goodwill and Brand
  • Transfer Pricing Valuation

Case Studies & Practical Aspects

Part D: Cost & Management Accounting (25 marks)

  1. Budget, Budgeting and Budgetary Control
  • Budget Concept
  • Preparation and Monitoring of Various Types of Budgets
  • Budgetary Control System, Zero Base Budgeting, Performance Budgeting
  1. Ratio Analysis-Financial Analysis through Ratios
  2. Decision Making Tools
  • Marginal Costing
  • Transfer Pricing
  1. Management Reporting (Management Information Systems)
  2. An Overview of Cost
  • Material Cost, Labour Cost, Direct Expenses and Overheads
  1. Cost Accounting Records & Cost Audit
  • Provision of Section 148 of the Companies Act, 2013
  • Cost Accounting Records and Cost Audit under Companies Act, 2013

Case Studies & Practical Aspects

CS Executive Paper 6 New Syllabus 2017

Module 2

Paper 6: Securities Laws & Capital Markets

Objective:

To provide expert knowledge in primary legislation, rules and regulations governing the entities listed on the stock exchanges.

Part A: Securities Laws (80 Marks)

  1. Securities Contracts (Regulations) Act 1956
  • Objectives of the SCR Act, Rules and Regulations made thereunder
  • Public issue and listing of securities
  • Rules relating to Public issue and Listing of Securities under Securities Contracts (Regulation) Rules, 1957
  1. Securities and Exchange Board of India Act, 1992
  • Powers and functions of SEBI
  • Penalties and appeals
  • Securities Appellate Tribunal
  • Prohibition of manipulative and deceptive devices, insider trading etc.
  1. Depositories Act, 1996
  • Depository System – An Overview
  • The Depositories Act, 1996 and Regulations made thereunder
  • Depository Process
  • Inspection, Investigation and Penalties
  1. SEBI(LODR), 2015
  2. SEBI (Buyback of Securities) Regulations, 1998
  • Conditions of buy-back
  • Buy- back process
  • General obligations
  • Penalties
  1. SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
  • Applicability
  • Key Definitions
  • Open Offer and Public Announcements
  • Exemptions
  • Obligations and Disclosures
  1. SEBI (Prohibition of Insider Trading) Regulations, 2015
  • Unpublished price sensitive information (UPSI)
  • Disclosures
  • Codes of fair disclosure and conduct
  • Penalties and Appeals
  1. SEBI (Delisting of Equity Shares) Regulations, 2009
  • Different types of Delisting
  • Procedure for delisting

Case Laws, Case Studies & Practical Aspects

Part B: Capital Market & Intermediaries (20 Marks)

  1. Regulatory Framework relating to Securities Market Intermediaries
  • Overview of Regulatory framework governing Intermediaries
  • Intermediaries Regulations
  1. Structure of Capital Market

(a)Primary Market

  • Organisational Structure of Financial System
  • Securities Market and Economic Growth

(b)Secondary Market

  • Institutional Trading Platform
  • Trading & delivery
  • SME exchange
  • Settlement System
  1. Mutual Funds
  • Different Types and schemes of Mutual Fund
  • Activities
  • Disclosures and Obligations
  • Liability for action in case of default

Case Laws, Case Studies & Practical Aspects

CS Executive Paper 7 New Syllabus 2017

Module 2

Paper 7: Economic, Business and Commercial Laws

Objectives:

Part A (Foreign Exchange Management & NBFC): To provide expert knowledge in Foreign Exchange Management and NBFC

Part B (Competition Law): To provide expert knowledge in Competition Law

Part C (Business & Commercial Laws): To provide working knowledge in Business and Commercial Laws.

Part A: Foreign Exchange Management & NBFC (40 Marks)

  1. Foreign Exchange Transactions & Compliance
  2. Foreign Direct Investments – Regulations & FDI Policy
  • Automatic and Approval Route of FDI
  • Setting up of Subsidiary/Joint Venture/Liaison Office/ Branch Office by Non-residents
  • Foreign Portfolio Investments
  1. Overseas Direct Investment
  • Setting up of Subsidiary/Joint Venture/Branch Office
  • Acquisition of Immovable properties outside India
  1. Liberalized Remittance Scheme for investments
  2. Foreign Trade Policy & Procedure
  • Merchandise Exports from India Scheme (MEIS)
  • Service Exports from India Scheme (SEIS)
  • Duty exemption / remission schemes
  • Export oriented units (EOUS)
  • Electronics Hardware Technology Parks (EHTPS)
  • Software Technology Parks (STPS)
  • Bio-Technology Parks (BTPS)
  1. Foreign Exchange Management Act, 1999
  • Current and capital Account Transactions
  • Transfer of Immovable Property in India and Abroad
  • Realization and Repatriation of Foreign Exchange
  • Brief information of other FEMA Regulations
  1. Non Banking Finance Companies(NBFC)
  • Requirement of Registration as NBFC and exemptions from registration as NBFC
  • Activities of NBFCs
  • Compliances by the NBFCs and requirements of approvals of RBI
  • Deposit Accepting and Non-deposit Accepting NBFCs
  • Deemed NBFC
  • Core Investment Company and Systemically Important Core Investment Companies
  • Defaults, Adjudication, prosecutions and penalties
  1. Reserve Bank of India Act, 1934
  • Central banking functions
  • Monetary policy
  • Penalties

Case Laws, Case Studies & Practical Aspects

Part B: Competition Law (25 Marks)

  1. Competition Act, 2002
  • Competition Policy
  • Anti-Competitive Agreements
  • Abuse of Dominant Position
  • Competition Commission of India
  • Appellate Tribunal
  • Inquiry & investigation
  • Penalties

Part C: Business & Commercial Laws (35 Marks)

Consumer Protection

  1. Consumer Protection Act, 1986
  • Consumer Protection in India
  • Rights of Consumers
  • Consumer Dispute Redressal Forums
  • Nature and Scope of Remedies
  1. Essential Commodities Act, 1955
  • Powers of Central Government
  • Seizure and Confiscation of Essential Commodities
  • Summary Trial
  • Mensrea
  • Attempt and Abetment
  • Offences by Companies
  1. Legal Metrology Act, 2009
  • Standard weights and measures
  • Power of inspection, seizure
  • Declarations on pre-packaged commodities
  • Offences and penalties

Property Law

  1. Real Estate (Regulation and Development) Act, 2016
  • Registration of Real Estate Project, Real Estate Agents
  • Real Estate Regulatory Authority
  • Central Advisory Council
  • The Real Estate Appellate Tribunal
  • Offences, Penalties and Adjudication
  1. Transfer of Property Act, 1882
  • Types of Properties
  • Properties which cannot be Transferred
  • Rule Against Perpetuities
  • LisPendens
  • Provisions Relating to Sale
  • Mortgage, Charge, Lease, Gift and Actionable Claim
  1. Benami Transaction Prohibitions (Act)

Business Laws

  1. Indian Contracts Act, 1872
  • Essentials elements of a Valid Contract
  • Indemnity and Guarantee
  • Bailment and Pledge
  • Law of Agency
  • E-Contract
  1. Partnership Act, 1932
  • Rights and Liabilities of Partners
  • Registration of Firms
  • Dissolution of Firms Partnership
  1. Negotiable Instrument Act, 1981
  • Negotiable Instruments and Parties
  • Material Alteration, Crossing and bouncing of Cheques
  • Dishonour of Cheques & its Remedies
  • Presumption of Law as to Negotiable Instruments
  1. Sale of Goods Act, 1930
  • Essentials of a Contract of Sale
  • Sale Distinguished from Agreement to Sell, Bailment, Contract for Work and Labour and Hire-Purchase
  • Conditions and Warranties
  • Doctrine of Caveat Emptor
  • Performance of the Contract of Sale

Human Rights Law

  1. Prevention of Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013
  • Prevention of sexual harassment
  • Complaint and enquiry procedure
  • Duties of Employer
  • Reporting in Annual Report

Case Laws, Case Studies & Practical Aspects

CS Executive Paper 8 New Syllabus 2017

Module- 2

Paper 8: Strategic and Financial Management – Principles and Techniques

Objectives:

Part A (Strategic Management): To enable students to acquire multidimensional skills in the areas of management so as to equip them to comprehend the process of strategy formulation in view of future developments in business environment.

Part B (Financial Management): To provide knowledge of practical aspects of financial management and its techniques so as to develop ability to analyse and interpret various concepts relating to financing and investment decisions.

Part C (Information Technology): To provide knowledge of Information Technology Law, Information Systems and various applications of IT so as to develop ability to analyse and apply various IT related skills while dealing with business related strategies and decision making.

Part A: Strategic Management (40 Marks)

  1. Introduction to Strategic Management
  • An Overview- Meaning & Process
  • Strategic Leadership
  • Functions and Importance for Professionals like Company Secretaries
  • Environmental Influences of Business-Characteristics and Components of Business Environment, Factors of Micro & Macro Environment of Business
  • Competitive Environment and Porter’s Five Force Model
  1. Business Policy and Formulation of Functional Strategy
  • Introduction to Business Policy, Framework of Strategic Management
  • Strategic Decision Model
  • Vision, Mission, Objectives and Goals
  • Strategic Levels of the Organization
  • Formulation of Functional Strategy-Formulation of Financial, Marketing, Production, Human Resource and Logistics strategies
  1. Strategic Analysis and Planning
  • Situational Analysis, Strategic Choices-SWOT and TOWS Analysis
  • Portfolio analysis-Boston Consulting Group (BCG) growth-share Matrix, Ansoff’s Product Growth Matrix, ADL Matrix and General Electric (GE) Model
  • Strategic Planning
  • Strategic Alternatives-Glueck and Jauch and Michael Porter’s Generic Strategies
  1. Strategic Implementation and Control
  • Issues in Strategy Implementation
  • Various Organization Structure and strategy Implementation
  • Leadership and strategy Implementation
  • Strategic Change and Control
  1. Analysing Strategic Edge
  • Introduction to Business Process Reengineering
  • Concept of Benchmarking
  • Introduction to Total Quality Management and Six Sigma

Part B: Financial Management (30 marks)

  1. Nature and Scope of Financial Management:
  • Nature, Scope and Objectives of Financial Management
  • Risk-Return and Value of the Firm
  • Objectives of the firm: Profit Maximisation vs. Wealth Maximisation
  • Emerging roles of Finance managers
  1. Capital Budgeting
  • Compounding and Discounting techniques- Concepts of Annuity and Perpetuity
  • Capital Budgeting Process, Techniques of Capital Budgeting- Discounted and Non- Discounted Cash Flow Methods
  • Capital Rationing; Risk Evaluation and Sensitivity Analysis
  1. Capital Structure
  • Introduction- Meaning and Significance
  • Optimal Capital Structure, Determinants of Capital Structure
  • Theories of Capital Structure
  • EBIT – EPS Analysis, EBITDA Analysis
  • Risk and Leverage; Effects of Leverage on Shareholders’ Returns
  1. Sources of raising long-term finance and Cost of Capital
  • Sources, Meaning, Factors Affecting Cost of Capital
  • Methods for Calculating cost of capital
  • Weighted Average Cost of Capital (WACC)
  • Marginal Cost of Capital
  1. Dividend Policy
  • Introduction- Types, Determinants and Constraints of Dividend Policy
  • Forms of Dividend
  • Different Dividend Theories
  1. Security Analysis
  • Measuring of Systematic and Unsystematic Risk
  • Fundamental Analysis (Economic, Industry and Company)
  • Technical Analysis and Efficient Market Hypothesis
  1. Portfolio Management
  • Meaning, Objectives
  • Portfolio Theory -Traditional Approach; Markowitz Portfolio Theory; Modern Approach – CAPM Model
  • Economic Value Added
  • Sharpe Single & Multi Index Model
  • Risk Adjusted Measure of Performance

Part C: Information Technology (30 Marks)

  1. Law relating to Cyber
  • Information Technology Act, 2000- Introduction, Definition, Important terms under the Act
  • Digital Signatures, Electronic Records, Certifying Authority, Digital Signature Certificate
  • Cyber Regulation Appellate Tribunal
  • Offences and Penalties
  1. Recent Developments and New IT Tools
  • Enhancing use of Technology & capabilities of Company Secretaries
  • Artificial Intelligence,
  • Internet of things (IoT),
  • Cloud Computing,
  • Compliance Management tools
  1. Information System
  • Information Systems- Definition and Elements
  • Information System Activities
  • Types of Information Systems
  • Management Information Systems – An Overview, Concept, Evolution, Elements and Structure
  1. E-Commerce & M-Commerce
  • E-Commerce- Nature, Types (B2B, B2C, C2C)
  • Electronic Payment Portal
  • E-Commerce Security
  • Provision of E-commerce under GST
  1. Fundamentals of DBMS and ERP
  • Overview of ERP
  • Database Management-Basic Concepts, Data Structure, Data Base Management System, Data Base Files
  • Electronic Billing System, Executive Support System, Data Analysis and Business Intelligence
  1. IT in Banking
  • IT Applications in Banking- Computer-Based Information Systems for Banking
  • Electronic Banking, Electronic Fund Management
  • Enabling Technologies of Modern Banking- Electronic Commerce and Banking
  1. E-filing
  • Need of E-filing
  • Types- Straight through process and back end Process

 

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