Weightage of Marks for CA Foundation Paper-2 Business Laws May 2023

Download revised section wise and skill wise weightages of marks for CA Foundation May-June 2023 Exams Paper 2 Business Laws and Reporting.

CA Foundation Business Law Paper Weightage May 2023: ICAI has revised the weightage of marks for CA Foundation Paper-2 for May 2023 exams. CA Foundation students may download chapter wise marks allocation for law paper.

ICAI released section wise and skill wise marks allocation for CA Foundation course. Chapters based on Indian Contract Act is very important in CA Foundation Course. It carries 25% to 35% weightage of marks in CA Foundation exams.

The Board of Studies (BoS) of ICAI has assigned weightage of marks to various sections of Paper 2: Business Laws and Business Correspondence and Reporting.

ICAI New Course 2023: ICAI CA Foundation New Syllabus is expected to be applicable from 1st July 2023. The first exam under CA Foundation new syllabus would be held in Nov 2023 term of examinations. CA Institute brings new syllabus for the CA Foundation Course. The name of Paper-2 has been changed to “Business Laws” from “Business Laws and Business Correspondence and Reporting”.

In paper 2, there are two sections. Section A is Business Law (60 Marks) and Section B is Business Correspondence and Reporting (40 Marks). 30-39 marks theory questions and 21-30 marks practical questions shall be in Section A. Whereas, all questions of Section B shall be theory based.

Section wise Weightage of Marks for Paper 2

There are two sections in Paper-2 namely, Section A) Business Laws and Section B) Business Correspondence and Reporting. Download in PDF the important chapters weightage for coming examinations May 2023 in terms of marks allocation.

Following are the detail weightage of marks assigned to second paper of CA Foundation course exam for May 2023 under New Scheme of Education and Training:

Weightage of Marks for Section-A: Business Laws (60 Marks)

Section-I (Weightage 25%-35%) i.e. 15-21 Marks

  1. The Indian Contract Act, 1872: An overview of Sections 1 to 75 covering the general nature of contract, consideration, other essential elements of a valid contract, performance of contract, breach of contract, Contingent and Quasi Contract.

Section-II (Weightage 20%-25%) i.e. 12-15 Marks

  1. The Sale of Goods Act, 1930: Formation of the contract of sale, Conditions and Warranties, Transfer of ownership and delivery of goods, Unpaid seller and his rights.

Section-III (Weightage 20%-25%) i.e. 12-15 Marks

  1. The Indian Partnership Act, 1932: General Nature of Partnership, Rights and duties of partners, Reconstitution of firms, Registration and dissolution of a firm.

Section-IV (Weightage 5%-10%) i.e. 3-6 Marks

  1. The Limited Liability Partnership Act, 2008: Introduction- covering nature and scope, Essential features, characteristics of LLP, Incorporation and differences with other forms of organizations.

Section-V (Weightage 15%-20%) i.e. 9-12 Marks

  1. The Companies Act, 2013: Essential features of company, corporate veil theory, Classes of companies, types of share capital, Incorporation of company, Memorandum of Association, Articles of Association, Doctrine of Indoor Management.

Weightage of Marks for Section-B: Business Correspondence and Reporting (40 Marks)

Section-I (Weightage 10%-15%) i.e. 4-6 Marks

  1. Communication
    • (i) Types
    • (ii) Directions
    • (iii) Network
    • (iv) Process
    • (v) Problems
    • (vi) Barriers
    • (vii) Types of Communication
      • (a) Interpersonal Skills
      • (b) Listening Skills
      • (c) Emotional Intelligence
    • (viii) Sample Questions with Answers

Section-II (Weightage 20%-30%) i.e. 8-12 Marks

  1. Sentence Types and Vocabulary
    • (i) Sentence: Definition
    • (ii) Classification of sentence based on connotation
      • (a) Assertive sentences
      • (b) Interrogative sentences
      • (c) Imperative sentences
      • (d) Exclamatory sentences
      • (e) Optative sentences
    • (iii) Sentence Structure
      • (a) Subject and Predicate
      • (b) Verb (Auxiliary, Finite)
      • (c) Object (Direct , Indirect)
      • (d) Complement
      • (e) Adjunct or Adverbial
      • (f) Clause Structure
      • (g) Types of Clauses
        • Independent clauses
        • Dependent clauses
        • Relative or noun clauses
    • (iv) Types of sentences
      • (a) Simple sentence
      • (b) Compound sentence
      • (c) Complex sentence
      • (d) Compound-complex sentence
    • (v) Direct-Indirect Speech
      • (a) Introduction
      • (b) Procedure for converting Direct speech into Indirect speech
        • Rules for converting Direct speech into Indirect speech
        • Change in pronouns
        • Change in tenses
        • Change in modals
        • Changes for Imperative sentences
        • Changes for Exclamatory sentences
        • Changes for Interrogative sentences
        • Punctuation in Direct speech
      • (c) Rules for converting Indirect speech into Direct speech
    • (vi) Active Passive Voice: Introduction
      • (a) Usage: Active Vs passive voice
      • (b) Reasons for using Passive voice
      • (c) Changing Passive voice to Active voice
      • (d) Changing Active voice to Passive voice
      • (e) Suggestions for using Active and Passive voice
    • (vii) Verbs Voice
      • (a) Active or passive
  2. Vocabulary Root Words, Synonyms, Antonyms, Prefixes, Suffixes), Phrasal verbs, Collocations and Idioms.
    • (i) Introduction
    • (ii) Significance of improving vocabulary
    • (iii) How to improve vocabulary
    • (iv) Root words
    • (v) Synonyms and Antonyms
    • (vi) Words formed by using Prefixes
    • (vii) Words formed by using Suffixes
    • (viii) Phrasal verbs
    • (ix) Collocations
    • (x) Idioms

Section-III (Weightage 20%-30%) i.e. 8-12 Marks

  1. Comprehension Passages
    • (i) Introduction to Comprehension Passages
    • (ii) Points to ponder
    • (iii) Sample Passages with answers
  2. Note Making
    • (i) Introduction to Note Making
    • (ii) Significance of Note Making
    • (iii) Detailed Format
      • (a) Heading(Title)
      • (b) Sub-heading
      • (c) Indentation
      • (d) Points
      • (e) Use of abbreviations
      • (f) Summary
      • (g) Content
      • (h) Expression
    • (iv) Steps to Comprehend and summarize text
    • (v) Helpful Hints
    • (vi) Sample Passages with Notes

Section-IV (Weightage 35%-40%) i.e. 14-16 Marks – Developing Writing Skills

  1. Introduction to Basic Writing
    • (i) Introduction
    • (ii) Process of writing
    • (iii) Styles of Writing
    • (iv) Significance of writing skills for students
    • (v) Writing Conventions
    • (vi) Characteristics of good writing
    • (vii) Do’s and Don’ts of good writing
  2. Precis Writing
    • (i) What is Precis writing?
    • (ii) Features of good Precis writing
    • (iii) How to write a Precis
    • (iv) Do’s and Don’ts of Precis writing
    • (v) Examples (Passages with Precis)
  3. Article Writing
    • (i) What is an Article?
    • (ii) Essential elements of Article Writing
    • (iii) Detailed Format
      • (a) Title
      • (b) By- Writer’s Name
      • (c) Body
        • Introduction
        • Main Idea-Support
        • Conclusion
    • (iv) Sample Articles
  4. Report Writing
    • (i) What is a Report?
    • (ii) Essential elements of Report Writing
    • (iii) Kinds of Reports
      • (a) Reporting for a Meeting/Assembly
      • (b) Reporting for a Newspaper
      • (c) Reporting for a Magazine
    • (iv) Detailed Format for (c) above
      • (a) Title
      • (b) By- Writer’s Name
      • (c) Place, Date
      • (d) Body
        • What
        • When
        • Where
        • Who
        • How
    • (v) Tips and Conventions of Report Writing
    • (vi) Sample Reports
  5. Writing Formal Letters
    • (i) Types of Letters
      • (a) Circulars
      • (b) Complaints
      • (c) Memos
      • (d) Promotional Content
      • (e) Sales
      • (f) Recovery/Remittances
    • (ii) Detailed format for (a) above
      • (a) Date
      • (b) Salutation
      • (c) Subject
      • (d) Body of the letter
        • First paragraph
        • Second paragraph
      • (e) Complimentary Closure
    • (iii) Points to Remember
    • (iv) Sample Letters
  6. Writing Formal Mails
    • (i) How to Write a Formal Mail?
    • (ii) Writing Effective Mails
    • (iii) Essential elements of Mails
      • (a) Subject line
      • (b) Formal Greetings
      • (c) Target Audience(Reader)
      • (d) Clarity and Conciseness
      • (e) Formal Closing
      • (f) Proof read
      • (g) Feedback
    • (iv) Tips and Conventions of Mails
    • (v) Sample Mails
  7. Resume Writing
    • (i) Essential Elements of Resume
      • (a) Name and contact details
      • (b) Objective Summary
      • (c) Academic Qualifications and Achievements
      • (d) Co-curricular Achievements
      • (e) Training Programs attended/completed
      • (f) Strengths
      • (g) Interests/Hobbies
      • (h) Declaration
      • (i) Signature
    • (ii) Resume Writing Tips and Conventions
    • (iii) Sample Resumes
  8. Meetings
    • (i) Notice
    • (ii) Agenda
    • (iii) Drafting minutes
    • (iv) Action Taken Report

Skill-wise Weightage of Marks for CA Foundation Paper-2

  • Section A is for 60 Marks of which
    • 50%-65% i.e. 30-39 Marks will be theory question paper; and
    • 35%-50% i.e. 21-30 Marks will be practical question paper
  • Section B is for 40 Marks of which
    • 100% i.e. 40 Marks questions will be Comprehension & Knowledge based.

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