CS Executive Syllabus 2023- Updated New Syllabus

Paper No.

Group 1

Paper No

Group 2

1.

Jurisprudence, Interpretation & General Laws (100 Marks)

5.

Capital Market & Securities Laws Part I – Capital Market (40 Marks) Part II – Securities Laws (60 Marks)

2.

Company Law & Practice

Part I – Company Law – Principles and Concepts (60 Marks)

Part II – Company Administration & Meetings (40 Marks)

6.

Economic, Commercial and Intellectual Property Laws Part I – Economic & Commercial Laws (60 Marks) Part II – Intellectual Property Laws (40 Marks)

3.

Setting Up of Business, Industrial & Labour Laws

Part I – Setting Up of Business (60 Marks)

Part II – Industrial & Labour Laws (40 Marks)

7.

Tax Laws & Practice Part I - Direct Tax (60 Marks) Part II - Indirect Tax (40 Marks)

4.

Corporate Accounting and Financial Management

Part I – Corporate Accounting (60 Marks)

Part II – Financial Management (40 Marks)

Topics

Subtopics

Sources of Law

Sources of Law : Meaning of Law and its Significance; Relevance of Law to Civil Society; Jurisprudence & Legal Theory; Schools of Law propounded by Austin, Roscoe Pound, Salmond, Kelsen, Savigny, Bentham and others; Statutes, Subordinate Legislation, Custom, Common Law, Precedent, Stare decisis

Constitution of India

Broad Framework of the Constitution of India; Fundamental Rights, Directive Principles of State Policy and Fundamental Duties Legislative framework and Powers of Union and States; Judicial framework Executive/Administrative framework Legislative Process; Finance Bill and Other Bills; Parliamentary Standing Committees and their Role; Writ Jurisdiction of High Courts and the Supreme Court; Different types of writs

Interpretation of Statutes

Need for interpretation of a statute Meanings of Interpretation of Statutes; A state and the casus omissus Interpretation of Definition Clause Principles of Interpretation including Heydon’s Rule of Interpretation, Golden Rule of Interpretation; Aids to Interpretation; Legal Terminologies; Reading a Bare Act & Citation of Cases Pari Materia; Harmonious Construction; Prospective and retrospective operation; Use of “May” and “Shall”; Use of “And” and “or”; Interpretation of proviso; Latin maxims used to interpret words and phrases; Contemporanea Expositio; Deeming provisions; Repugnancy with other statutes; Conflict between general provision and special provision; Socially beneficial construction Interpretation of Procedural Law Interpretation of fiscal and taxing statutes Delegated legislations; Conflict between Statute, Rules and regulations; Doctrine of substantial compliance Doctrine of impossibility of performance Strict Construction of penal statutes Interpretation of Fiscal and Taxation Statute; Brief of General Clause Act, 1897; Reading Methodology of the Companies Act, 2013 and its Legal Aura

Administrative Laws

Conceptual Analysis; Source and Need of Administrative Law; Principle of Natural Justice; Administrative Discretion; Judicial Review & Other Remedies; Liability of Government, Public Corporation

Law of Torts

General conditions of Liability for a Tort; Strict and Absolute Liability; Vicarious Liability; Torts or wrongs to personal safety and freedom;Liability of a Corporate Entity/Company in Torts; Remedies in Torts

Law relating to Civil Procedure

Structure and Jurisdiction of Civil Courts; Basic Understanding of Certain Terms - Order, Judgment and Decree, Stay of Suits, Cause of Action, Res Judicata, Sub-judice; Summary Proceedings/Procedures, Appeals, Reference, Review and Revision; Powers of Civil Court and their exercise by Tribunals; Institution of Suit; Law relating to Commercial Courts

Laws relating to Crime and its Procedure

Introduction; Classes of Criminal Courts; Power of Courts; Arrest of Persons; Mens Rea and Actus Reus; Cognizable and Non-Cognizable Offences; Bail; Continuing Offences; Compounding of Offences; Summons and Warrants; Searches; Summary Trial; Offences against Property; Criminal Breach of Trust; Cheating; Fraudulent Deeds and Dispositions of Property; Offences relating to Documents and Property Marks; Forgery; Defamation

Criminal Procedure Code, 1973

Classes of Criminal Courts; Power of Courts; Arrest of Persons; Mens Rea; Cognizable and Non-Cognizable Offences; Bail; Continuing Offences; Compounding of Offences; Summons and Warrants; Searches; Summary Trial

Law relating to Evidence

Concept of Relevant Evidence and Admissible Evidence; 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; Burden of proof; Presumptions; Estoppel; Witness; Improper admission & rejection of evidence; e-evidence

Law relating to Limitation

Computation of the Period of Limitation; Bar of Limitation; Effect of acknowledgment; Acquisition of ownership by Possession; Classification of Period of Limitation

Law relating to Specific Relief

Specific reliefs and defense; Specific performance and defense; Unenforceable contracts; Rescission of Contracts; Cancellation of Instruments; Declaratory Decrees; Preventive Reliefs

Law relating to Arbitration, Mediation and Conciliation

Arbitration Law in India; Appointment of Arbitrators; Judicial Intervention; Award; Recourse against Award; Commencement of conciliation proceedings; Laws relating to conduct of conciliation proceedings; Termination of conciliation proceedings; Role of conciliator in other proceedings; Power of High Court to make rules; Development of Mediation Law; Mediation rules made by Higher Courts

Indian Stamp Law

Key Definitions; Principles of Levy of Stamp Duty; Determination, Mode and timing of Stamp Duty; Person responsible; Consequences of Non-Stamping and Under-Stamping; Allowance and Refund; Concept of E-Stamping; Payment and Adjudication of Duty

Law relating to Registration of Documents

Registration of Documents: Compulsory, Optional; Time and Place of Registration; Consequences of Non-Registration; Prerequisites for Registration; Provisions of Transfer of Property Act, 1882 and registration of Documents; Properties which cannot be Transferred; Rule Against Perpetuities; Lis Pendens; Provisions Relating to Sale; Mortgage, Charge, Lease, Gift and Actionable Claim; Easement Rights

Right to Information Law

Key Definitions; Public Authorities & their Obligations; Role of Central/State Governments; Central Information Commission; State information Commission

Law relating to Information Technology

Introduction, definition, important terms under the Act; Digital Signatures, Electronic Record, Certifying Authority, Digital Signature Certificate; Cyber Regulation Appellate Tribunal; Offences and Penalties; Rules relating to sensitive personal data under IT Act; Development and Law of Data Protection

Contract Law

Formation of an Agreement, Intention to create legal relationship; Offer and invitation to offer; Kinds of offer, communication, acceptance and revocation of offer and acceptance; Modes of revocation of offer; Consideration; Basis and the nature of consideration; Doctrine of Privity of Contract and of consideration; Exceptions of consideration; Capacity to Contract; Free Consent; Void and Voidable Contracts; Discharge of Contracts; Remedies for breach of Contract; Quasi Contracts; e-contracts

Law relating to Sale of Goods

Important definitions; 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; Effects of the Contract; Rights of unpaid seller against the goods; Suits for breach of the contract

Law relating to Negotiable Instruments

Negotiable Instruments and Parties; Material Alteration; Crossing and bouncing of Cheques; Dishonour of Cheques & its Remedies; Presumption of Law as to Negotiable Instruments

Parts

Topics

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

1. Introduction to Company Law

Jurisprudence of Company Law; Doctrine of Ultra-vires; Doctrine of Indoor Management; Doctrine of Constructive Notice; Concept of Corporate Veil; Applicability of the Companies Act; Definitions and Key Concepts; MCA 21

2. Legal Status and Types of Registered Companies

Legal Status of Registered Companies:

Corporate Personality; Perpetual succession; Separate property; Transferability of shares; Capacity to sue or be sued

Types of Registered Companies:

Private Company; Public Company; Small Company; Holding Company; Subsidiary Company; Associate Company; Dormant Company; Government Company

3. Memorandum and Articles of Association and its Alteration:

Memorandum of Association and Articles of Association; Incorporation Contracts; Alteration in MOA & AOA

4. Shares and Share Capital-Concepts

Meaning and Types of Capital; Issue and Allotment; Issue of Share Certificates; Further Issue of Share Capital; Issue of shares on Private and Preferential basis; Rights issue and Bonus Shares; Sweat Equity Shares and ESOPs; Issue and Redemption of Preference Shares; Transfer and Transmission of Securities; Buyback of Securities; Reduction of Share Capital; Payment of Stamp Duty; Registers and Records

5. Members and Shareholders

How to become a Member; Register of Members; Declaration of Beneficial Interest; Significant Beneficial Owner; Rectification of Register of Members; Rights of Members; Variation of Shareholders’ Rights

6. Debt Instruments-Concepts

Issue and Redemption of Debentures and Bonds; Creation of Security; Debenture Redemption Reserve; Debenture Trust Deed; Conversion of Debentures into Shares; Overview of Company Deposits

7. Charges:

Creation of Charges; Registration, Modification and Satisfaction of Charges; Register of Charges; Inspection of Charges; Punishment for Contravention; Rectification by Central Government in Register of Charges; Purpose,Objective, Drafting and Issuing of Search Report

8. Distribution of Profits

Profit and Ascertainment of Divisible Profits; Declaration and Payment of Dividend; Unpaid Dividend Account; Investor Education and Protection Fund; Right to Dividend; Rights Shares and Bonus shares to be held in abeyance; Secretarial Standards on Dividend; Dividend Distribution Policy

9. Accounts and Auditors

Books of Accounts; Financial Statements; National Financial Reporting Authority; Auditors- Appointment, Resignation and Procedure relating to Removal, Qualification and Disqualification; Rights, Duties and Liabilities; Audit and Auditor’s Report; Cost Audit; Secretarial Audit; Internal Audit

10. Compromise, Arrangement and Amalgamations-Concepts

Introduction of Compromises, Arrangement and Amalgamation; Oppression and Mismanagement; Class Actions Suits

11. Dormant Company

Legal framework for Dormant Companies; Procedure to obtain the status of a Dormant Company; Prerequisite for obtaining the status of Dormant Company; Benefits / exemptions provided to a Dormant Company; Compliance requirements by Dormant Company; Procedure to obtain the status of an Active Company from Dormant Company

12. Inspection, Inquiry and Investigation

Powers for inspection; Purpose of conducting Inspection; Kinds of Investigation; Power of Inspector to Conduct Investigation into Affairs of Related Companies; Protection of employees during Investigation; Seizure of Documents by Inspector; Freezing of Assets of Company on Inquiry And Investigation; Imposition of Restrictions upon Securities; Inspector’s Report; Expenses of Investigation; Preparation by a Company Secretary to face Investigation; Establishment of Serious Fraud Investigation Office; Process of Investigation by Serious Fraud Investigation Office

Part II: Company Administration and Meetings (40 Marks

13. General Meetings:

Annual General Meeting; Extraordinary General Meetings; Other General Meetings; Types of Resolutions; Notice, Quorum, Poll, Chairman, Proxy; Meeting and Agenda; Process of conducting meeting; Voting and its types-vote on show of hands, Poll, E-Voting, Postal ballot; Circulation of Members’ Resolutions; Signing and Inspection of Minutes; Secretarial Standard – 2; Duties of Company Secretaries before, during and after General Meeting; Virtual Meetings : Technological Advancement in conduct of General Meetings; Drafting of Notice and Minutes of Annual General Meeting and Extra-Ordinary General Meeting

14. Directors

DIN requirement; Types of Directors; Appointment; Reappointment, Disqualifications, Vacation of Office, Retirement, Resignation and Removal; Loans to Directors; Disclosure of Interest; Duties of Directors; Rights of Directors

15. Board Composition and Powers of the Board

Board composition; Powers of Board; Restrictions on Powers of Board; Board Committees; Overview of Inter-Corporate Loans, Investments, Guarantees and Security; Related Party Transactions

16. Meetings of Board and its Committees

Frequency, Convening and Proceedings of Board and Committee meetings; Agenda Management; Meeting Management; Resolution by Circulation; Types of Resolutions; Duties of Company Secretaries before, during and after Board/ Committee Meeting; Virtual Meetings :Technological Advancement in conduct of Board Committee; Need and Scope of Secretarial Standards; Secretarial Standard – 1; Drafting of Notice, Agenda and Minutes of Board and Committee Meetings

17. Corporate Social Responsibility-Concepts :

CSR Committee; Policy; CSR Expenditure; Activities; Ongoing Project; Impact Assessment

18. Annual Report-Concepts:

Board’s Report; Annual Return; Annual Report; Secretarial Standard on Report of the Board of Directors

19. Key Managerial Personnel (KMP’s) and their Remuneration

Appointment of Key Managerial Personnel, Managing and Whole-Time Directors, Manager, Chief Executive Officer and Chief Financial Officer; Company Secretary – Appointment, Role and Responsibilities; Company Secretary as a Key Managerial Personnel; Functions of Company Secretary; Officer who is in default; Remuneration of Managerial Personnel

Parts

Topics

Part I : Setting up of Business (60 Marks)

1. Selection of Business Organization:

Key features of various Business Organisations and issues in choosing business organisation including policy matters, identification of location, tax implications and other relevant aspects

2. Corporate Entities – Companies:

Types of Corporate Business Entities:

Private Company; Public Company; One Person Company; Nidhi; Section 8 Company; Producer Company; Foreign Company

Drafting of Incorporation Documents:

Memorandum of Association and Articles of Association; Incorporation contracts, documents and forms

Formation and Registration:

Procedural aspects with regard to Incorporation of corporate entities

3. Limited Liability Partnership:

Concept of LLP; Formation and Registration; LLP Agreement; Alteration in LLP Agreement; Annual and Event Based Compliances

4. Startups and its Registration:

Start-up India Policy; Registration Process; Benefits and other Government Policies; Different types of capital - Seed Capital, Venture Capital, Private Equity; Angel Investor; Entrepreneurship; Case Studies on Unicorn

5. Micro, Small and Medium Enterprises:

Classification of Enterprises; Memorandum; Measures for promotion and development; Udyam Registration Process; NSIC Registration; MSMEs Schemes

6. Conversion of Business Entities:

Conversion of private company into public company and vice versa; Conversion of Section 8 company into other kind of Company; Conversion of Company into LLP and vice versa; Conversion of OPC to other type of company and vice versa; Companies authorised to registered under Chapter XXI of the Companies Act, 2013

7. Non-Corporate Entities:

Partnership; Hindu Undivided Family lSole Proprietorship; Multi State Co-operative Society; Trust and Society; Formation and registration; Partnership Agreement and Trust Deed; Mega Firms

8. Financial Services Organization:

NBFCs; Housing Finance Company; Asset Reconstruction Company; Micro Finance Institutions (MFIs); Nidhi; Payment Banks; Mudra Bank; Registration; Chit Funds

9. Business Collaborations :

Foreign Collaborations; Joint Venture; Special Purpose Vehicle

10. Setting up of Branch Office/ Liaison Office/ Wholly owned Subsidiary by Foreign Company:

Formation and Registration

11. Setting up of Business outside India and Issue Relating Thereto:

Issues in choosing location l Structure and the processes of incorporation of business entities in UK, USA, Canada and Australia

12. Identifying laws applicable to various Industries and their initial compliances :

Compliance of industry specific laws applicable to an entity at the time of setting up of the enterprise

13. Various Initial Registrations and Licenses:

Mandatory Registration – PAN / TAN l GST Registration; Shops & Establishments; Additional Registration / License - ESI/PF; Pollution; Other registration as per requirement of sector; IE Code; FSSAI; Telecom; I & B; Industrial License, Industrial Entrepreneurs Memorandum (IEM); Activities specific approvals / permissions / licenses; Environmental & Pollution clearances; Sectoral approvals / permissions / licenses; State Level Approval from the respective State Industrial Department

Part II : Industrial and Labour Laws (40 Marks)

14. Constitution and Labour Laws:

Fundamental rights vis-à-vis labour laws, Equality before law and its application in Labour Laws, Equal pay for equal work; Article-16 and reservation policies, Articles 19, 21, 23 and 24 and its implications

15. Evaluation of Labour Legislation and need of Labour Code

16. Law of Welfare & Working Condition :

The Factories Act; Contract Labour (Regulation and Abolition) Act; The Child and Adolescent Labour (Prohibition and Regulation) Act

17. Law of Industrial Relations :

Industrial Disputes Act; Industrial Employment (Standing Orders) Act

18. Law of Wages :

Payment of Wages Act; Minimum Wages Act; Payment of Bonus Act; Equal Remuneration Act

19. Social Security Legislations :

Employees’ State Insurance Act; Employees’ Provident Funds and Miscellaneous Provisions Act; Maternity Benefit Act; The Payment of Gratuity Act; Apprentices Act, The Labour Laws (Simplification of Procedure for furnishing Returns and Maintaining Registers by Certain Establishments) Act

20. Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013

Parts

Topics and Subtopics

Part I : Corporate Accounting (60 Marks)

1. Introduction to Accounting :

Book Keeping; Accounting Cycle; Single; Double entry system; Accounting Principles; Accounting Concept & Convention; Types of Account; Journal; Ledger; Trial Balance; Final Accounts

2. Introduction to Corporate Accounting:

Records of accounts to be maintained by a company; Preparation and Presentation of Financial Statements; Schedule III of the Companies Act, 2013; Disclosure Requirement; True and Fair View of Financial Statements; XBRL

3. Accounting Standards (AS):

Applicability; Interpretation; Scope and Compliance; International Financial Reporting Standards; Overview of AS; AS vs. Ind AS vs. IFRS

4. Accounting for Share Capital :

Issue of Shares; Forfeiture and Reissue of Shares; Accounting Treatment of Premium; Buy-back of Shares; Redemption and Conversion; Capital Redemption Reserve; Bonus Shares ; Rights Issue; ESOPs; ESPS; Sweat Equity Shares and Underwriting; Book Building

5. Accounting for Debentures:

Accounting Treatment; Debenture Redemption Reserve; Redemption of Debentures and Conversion of Debentures into Shares

6. Related Aspects of Company Accounts:

Accounting for ESOP; Buy-back; Equity Shares with differential rights; Underwriting and Debentures

7. Consolidation of Accounts:

Standalone and Consolidated Financial Statements; Holding Company; Subsidiary Companies; Associate Companies and Joint Venture; Accounting Treatment and disclosures

8. Financial Statement Analysis:

Introduction; Characteristics of good financial statements and its relevancy for better reporting l Requirements of Financial Reporting and Recent trends l Best Practices applicable to all companies l Usage and features of ratios analysis l liquidity ratios l turnover ratio l leverage ratios l Insolvency ratio and profitability ratio l DuPont Analysis l Reading and Interpretation of Financial Statements

9. Cash Flows:

Understanding the Statement of Cash Flows; Identify the purpose of the statement of Cash Flows; structure and interpretation of operating, investing and financing activities in Cash Flow statement; Analyze information in the statement of Cash Flows to determine whether the firm is in its life cycle; Examine additional uses of Cash Flow information

10. Forecasting Financial Statements:

Build forecasts of future Balance Sheets, Income Statements and Statements of Cash Flows

Part II : Financial Management (40 Marks)

11. Introduction :

Nature; Scope & Objectives of Financial Management; Profit Maximization vs. Wealth Maximization

12. Time Value of Money:

Introduction; Concept of Time Value of Money – The power of compounding; Significance and application of Time Value of money; Concept of Annuity; Understanding and application of Table used in Time value of money

13. Capital Budgeting:

Compounding and Discounting techniques - Capital Budgeting Process; Techniques of Capital Budgeting - Discounted and Non- Discounted Cash Flow Methods; NPV; Payback; Profitability Index; IRR; Economic Value Added (EVA); Capital Rationing; Risk Evaluation and Sensitivity Analysis

14. 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

15. Capital Structure:

Introduction; Significance of capital structure; Determinants of capital structure; Capital structure planning and designing of optimum capital structure; Capital Structure Theories; EBIT- EPS Analysis; Breakeven - EBIT Analysis; Under / Over Capitalisation

16. Dividend Decisions:

Factors determining dividend policy; Dividend Models- Relevant/ Irrelevant Theories - Walter’s Model, Gordon’s Model, M-M Model; Forms of Dividend – Cash Dividend, Stock Dividend, Stock Splits, Share repurchase

17. Working Capital Management:

Meaning; Types; Determinants and Assessment of Working Capital Requirements; Negative Working Capital; Operating Cycle Concept and Applications of Quantitative Techniques; Management of Working Capital – Cash Receivables Inventories; Financing of Working Capital; Banking Norms and Macro Aspects; Factoring and Forfaiting

18. Security Analysis:

Measuring of Systematic and Unsystematic Risk; Fundamental Analysis (Economic, Industry and Company); Technical Analysis and Efficient Market Hypothesis

19. Operational Approach to Financial Decision

An Overview of Costing; Key Concepts; Basics Principles of Costing; Marginal Costing – Breakeven Point, Margin of Safety

Part

Topics

Part I : Capital Market (40 Marks)

1. Basics of Capital Market:

Structure of Capital Market; Participants of Capital Market; Capital Market Instruments

2. Secondary Market in India:

Development of Stock market in India; Stock market & its operations; Trading Mechanism; Exchange Traded Fund; Derivatives; Rights Entitlements; Block and Bulk deals; Basis of Sensex; Nifty; Types of Indexes; Clearing Corporations; Suspension and Penalties; Surveillance Mechanism; Risk management in Secondary market; Impact of various Policies on Stock Markets; Types of Market; Types of Trading Platform; Regulators of Secondary Markets

3. Securities Contracts (Regulations) Act 1956 :

Objectives of the SCR Act, Rules and Regulations made there under; Important Definitions; Recognized Stock Exchange; Public issue and listing of securities; Case Laws

4. Securities and Exchange Board of India:

Objective; Powers and functions of SEBI; Securities Appellate Tribunal; Penalties and appeals; Procedure for Redressal of Grievances; SCORES; SEBI (Informal Guidance) Scheme, 2003; Case Laws

5. Laws Governing to Depositories and Depository Participants:

Role & Functions of Depositories; Depository Participants; Admission of Securities; Dematerialization & Re-materialisation; International Securities Identification Number (ISIN); Depository Process; Inspection and Penalties; Internal Audit and Concurrent Audit of Depository Participants

6. Securities Market Intermediaries:

Regulatory Framework; Primary Market and Secondary Market Intermediaries; Role and Functions of Merchant Bankers, Stock Brokers, Registrars and Transfer Agents, Bankers to an Issue, Portfolio Managers, Debenture Trustees, Investment Advisers, Research Analysts, Credit Rating Agencies, Depositories and Depositories Participants, Foreign Institutional Investors; Internal Audit of Intermediaries by Company Secretary in Practice; Case Laws and Case Studies

7. International Financial Services Centres Authority (IFSCA) :

Establishment of Authority; Powers and Functions of Authority; International Financial Services Centre (IFSC); Financial Products; Financial Services; Listing and Trading of units in IFSC; SEBI IFSC Guidelines

Part II : Securities Laws (60 Marks)

8. Issue of Securities - Concepts:

Types of Issues; Initial Public Offer; Further Public Offering; Rights Issue; Preferential Issue; Qualified Institutions Placement; Initial Public Offer of Indian Depository Receipts; Rights Issue of Indian Depository Receipts; Initial Public Offer by Small and Medium Enterprises; Bonus Issue; Share Based Employee Benefits and Sweat Equity

9. Issue and Listing of Non-Convertible Securities:

Debt Securities and Non-Convertible Redeemable Preference Shares; Perpetual Debt Instruments; Commercial Paper - Issuance and Listing

10. Listing Obligations and Disclosure Requirements:

Compliances under SEBI (LODR) Regulations, 2015; Key Provisions pertaining to Corporate Governance; Prior Intimations; Disclosure of Events or Information; Meeting of shareholders and voting; Policies; Compliance under SEBI (LODR) Regulations, 2015 which has listed its Non-Convertible securities; Liability of a Listed Entity for Contravention; Case Laws and Case Studies

11. Acquisition of Shares and Takeovers - Concepts:

Regulatory Framework; Trigger point for making an open offer by an acquirer; Disclosures; Exemptions; Case Laws and Case Studies

12. Prohibition of Insider Trading:

Basic Concepts; Unpublished price sensitive information (UPSI); Trading Plans; Disclosures; Informant Incentives and Rewards; Codes of fair disclosure and conduct; Penalties and Appeals; Case Laws and Case Studies

13. Prohibition of Fraudulent and Unfair Trade Practices Relating to Securities Market:

Prohibition of certain dealings in securities; Prohibition of manipulative, fraudulent and unfair trade practices; Investigation; Case Laws and Case Studies

14. Delisting and Buyback of Securities - Concepts:

Delisting of Equity Shares; Voluntary Delisting; Exit Opportunity; Compulsory Delisting; Conditions of buy-back; Buy back Methods; Tender Offer; Open Market (Book building and Stock Exchange); General obligations; Penalties; Case Laws and Case Studies

15. Mutual Funds :

Regulatory Framework; Types of Mutual Funds and Schemes; Key players in Mutual Funds - Sponsor, Asset Management Company, Trustee, Unit holder; Evaluating performance of Mutual funds - Net Asset Value; Expense Ratio; Holding Period Return

16. Collective Investment Schemes:

Regulatory Framework l Restrictions on Business Activities l Submission of Information and Documents l Trustees and their Obligations l Case Laws and Case Studies

Part

Topics

Part I : Economic & Commercial Laws (60 Marks)

1. Law relating Foreign Exchange Management :

Introduction; Current and Capital Account Transactions; Liberalized Remittance Scheme; Acquisition & Transfer of Immovable Property in India; Export of Goods and Services; Realization and Repatriation of Foreign Exchange; Reserve Bank of India.

2. Foreign Direct Investments – Regulations & Policy :

Automatic Route of FDI; Approval Route of FDI; Prohibited Sector; Permitted Sector; Foreign Portfolio Investments; Non-Debt Instrument Rules & Regulations; Filing of FCGPR form & other Returns

3. Overseas Direct Investment :

ODI Policy; Foreign currency remittances; Setting up of Subsidiary/Joint Venture/Branch Office abroad; Filing of Returns

4. External Commercial Borrowings (ECB) :

Eligible Lender; Eligible Borrower; Parking of EBC; Filing of Returns

5. Foreign Trade Policy & Procedure:

Focus of the Foreign Trade Policy (FTP); Legal Basis of the Foreign Trade Policy; ImporterExporter Code (IEC) Number; Status Holder l Imports and Export Policy; Deemed Exports; Trade Disputes; Various Schemes under Foreign Trade Policy & Procedure

6. Law relating to Special Economic Zones :

Establishment of Special Economic Zones; Approval and Authorization to Operate SEZ; Setting up of Unit; Special Economic Zone Authority

7. Law relating to Foreign Contribution Regulation:

Introduction and Objective; Eligible Contributor; Eligible Receiver; Registration; Offences and Penalties

8. Prevention of Money Laundering:

Process of Money Laundering; Adjudication, Attachment and confiscation; Obligation of Banking Companies, Financial Institutions and Intermediaries; Problem and adverse effect of money laundering; Offence of money laundering; Enforcement Directorate; KYC & FIU

9. Law relating to Fugitive Economic Offenders:

Declaration of fugitive economic offender and procedure therefor; Attachment of property; Powers of Director and other officers; Power of survey, Search and seizure; Declaration of fugitive economic offender

10. Law relating to Benami Transactions & Prohibition :

Benami Property; Benami Transaction; Prohibition of Benami Transaction; Authority & Adjudication of Benami property

11. Competition Law:

Competition Policy; Anti-Competitive Agreements; Abuse of Dominant Position; Overview of Combination; Regulation of Combinations; Competition Advocacy; Competition Commission of India; Appellate Tribunal

12. Law relating to Consumer Protection:

Consumer Protection in India; Rights of Consumers; Consumer Dispute Redressal Forums; Nature and Scope of Remedies; E-commerce & Direct Selling Guidelines

13. Legal Metrology:

Standard weights and measures; Power of inspection, seizure; Declarations on prepackaged commodities; Offences and penalties

14. Real Estate Regulation and Development Law:

Registration of Real Estate Project; Real Estate Agents; Real Estate Regulatory Authority; Central Advisory Council; The Real Estate Appellate Tribunal; Offences, Penalties and Adjudication

Part II : Intellectual Property Laws (40 Marks)

15. Law relating to Patents:

Applications for Patents; Publication and Examination of Applications; Inventions Not Patentable; Opposition Proceedings to Grant of Patents; Restoration of Lapsed Patents; Surrender and Revocation of Patents; Working of Patents; Compulsory Licences and Revocation; Infringement of Patents

16. Law relating to Trade Marks:

Classification of goods and services; Conditions For Registration; Procedure for and Duration of Registration; Absolute grounds for refusal of registration; Assignability and transmissibility of registered trademarks; Collective Marks; Certification trademarks; Trade mark Agent; Infringement of Trade Marks

17. Law relating to Copyright:

Meaning of copyright; Works in which copyright subsists; Registration of Copyright; Ownership of Copyright; Assignment of copyright; Term of copyright; Licences by owners of copyright; Copyright Society; Infringement of Copyright

18. Law relating to Geographical Indications of Goods :

Geographical Indication; Application for registration; Procedure for and Duration of Registration; Effect of Registration; Prohibition of registration of geographical indication as Trade Mark

19. Law relating to Industrial Designs :

Registration of Designs; Prohibition of registration of certain designs; Certificate of registration; Copyright in Registered Designs; Industrial and International Exhibitions; Piracy of registered design

Part

Topics

Part I : Direct Tax (60 Marks)

1. Direct Tax at a Glance:

An Introduction; Characteristics of Taxes; Objectives of Taxation; Direct vs. Indirect Tax; Background of Taxation system of India; Tax Structure & Administration

2. Basic Concept of Income Tax:

An overview of Finance Bill; Definitions; Capital and Revenue Receipts and Expenditure; Residential Status; Basis of Charge; Scope of Total Income

3. Incomes which do not form part of Total Income

4. Income under the Head Salary

5. Income under the Head House Property

6. Profits and Gains from Business and Profession

7. Capital Gains

8. Income from Other Sources

9. Clubbing provisions and Set Off and / or Carry Forward of Losses:

Income of other persons included in Assessee’s Total Income; Aggregation of Income; Set off and / or Carry forward of losses

10. Deductions:

Deductions in respect of certain payments; Specific deductions in respect of certain income; Deductions in respect of donations for expenditure under CSR activities

11. Computation of Total Income and Tax Liability of various entities:

Individual l Hindu Undivided Family ‘HUF’; Alternate Minimum Tax (AMT); Partnership Firm / LLP; Co-operative Societies l Association of Person ‘AOP’ and Body of Individual ‘BOI’; Political Parties; Electoral Trusts; Exempt organization – Trust Registration u/s 12A/ 12AA/12AB; Tax Rates

12. Classification and Tax Incidence on Companies:

Computation of taxable income and tax liability of Company including Foreign Company; Taxation on Dividend Income; Minimum Alternate Tax ‘MAT’; Other Special Provisions Relating to Companies; Equalization Levy; Carbon Credit

13. Procedural Compliance:

Tax Deduction at Source ‘TDS’ & Tax Collection at Source ‘TCS’; Advance Tax & Self Assessment Tax ‘SAT’; Filing of Returns; Fee and interest for default in furnishing return of Income

Part II : Indirect Tax (GST & Customs) (40 Marks)

14. Concept of Indirect Taxes at a Glance:

Background; Constitutional powers of taxation; Indirect taxes in India – An overview; Pre-GST tax structure and deficiencies; Administration of Indirect Taxation in India

15. Basics of Goods and Services Tax ‘GST’:

Basic concepts and Overview of GST; GST Model – CGST / IGST / SGST / UTGST; GST Compensation to States

16. Levy and Collection of GST:

Taxable Event; Concept of Supply including Composite and Mixed supply; Levy and Collection of CGST and IGST; Exemptions under GST; Composition Scheme; Forward Charge Mechanism; Reverse Charge Mechanism

17. Time, Value & Place of Supply:

Concepts of Time of Supply; Value of Supply; Place of Supply

18. Input Tax Credit & Computation of GST Liability:

Overview; Eligibility and Conditions for taking Input Tax Credit; Transitional Provisions in ITC; Ineligible Credits; Input Service Distributor; Order of Utilisation of Input Tax Credit

19. Procedural Compliance under GST:

Registration; Tax Invoices; Debit & Credit Notes; Accounts and Records; Electronic Way Billl Returns; Payment of Tax; Refund Procedures; GST Practitioners; Assessment; Demand and Recovery; QRMP Scheme

20. Overview of Customs Act:

Overview of Customs Law; Levy and collection of Customs Duties; Types of Custom Dutiesl Classification and valuation of import and export goods; Exemption; Baggage; Officers of Customs; Administration of Customs Law; Import and Export Proceduresl Transportation; Warehousing; Duty Drawback; Demand and Recovery; Confiscation of Goods and Conveyances

Programme

Start date of

registration under

ICSI syllabus 2022

First examination under ICSI syllabus 2022

CS Executive

February 01, 2023

December 2023

Subject passed/exempted under 2017 syllabus

Exemption allowed in the corresponding subject under 2022 syllabus

421- Jurisprudence, Interpretation & General Laws

521- Jurisprudence, Interpretation and General Laws

422- Company Law

522- Company Law & Practice

423- Setting up of Business Entities and Closure

523- Setting Up of Business, Industrial and Labour Laws

424- Tax Laws

527- Tax Laws & Practice

425- Corporate and Management Accounting

524- Corporate Accounting and Financial Management

426- Securities Laws & Capital Markets

525- Capital Market and Securities Laws

427- Economic, Business and Commercial Laws

526- Economic, Commercial and Intellectual Property Laws

428- Financial and Strategic Management

524- Corporate Accounting and Financial Management

Objective To provide the understanding and working knowledge of sources of law, Constitution, legislative environment, interpretation of statutes and general laws

Topics

Subtopics

Sources of Law

Meaning of Law and its Significance; Relevance of Law to Civil Society; Jurisprudence & Legal Theory;

Schools of Law propounded by Austin, Dean Roscoe Pound, Salmond, Kelsen and Bentham; Statutes, Subordinate Legislation,

Custom, Common Law, Precedent, Stare decisis

Constitution of India

Broad Framework of the Constitution of India; Fundamental Rights, Directive Principles of State Policy and Fundamental Duties; Legislative framework and Powers of Union and States; Judicial framework; Executive/Administrative Detailed Syllabus for Executive and Professional Programmes of ICSI Syllabus (2017) SCHEME OF SYLLABUS New Syllabu s for Executive a nd Professio nal ProgrammeS framework; Legislative Process; Money Bill; Finance Bill and Other Bills; Parliamentary Standing Committees and their Role; Writ Jurisdiction of High Courts and the Supreme Court; Different types of writs

Interpretation of Statutes

Need for interpretation of a statute; Principles of Interpretation; Aids to Interpretation; Legal Terminologies; Reading a Bare Act & Citation of Cases

General Clauses Act, 1897

Key Definitions; General Rule of Construction; Retrospective Amendments; Powers and Functions; Power as to Orders, Rules etc., made under Enactments

Administrative Laws

Conceptual Analysis; Source and Need of Administrative Law; Principle of Natural Justice; Administrative Discretion; Judicial Review & Other Remedies; Liability of Government, Public Corporation

Law of Torts

General conditions of Liability for a Tort; Strict and Absolute Liability; Vicarious Liability; Torts or wrongs to personal safety and freedom;Liability of a Corporate Entity/Company in Torts; Remedies in Torts

Limitation Act, 1963

Computation of the Period of Limitation; Bar of Limitation; Effect of acknowledgment; Acquisition of ownership by Possession; Classification of Period of Limitation

Civil Procedure Code, 1908

Structure and Jurisdiction of Civil Courts; Basic Understanding of Certain Terms - Order, Judgment and Decree, Stay of Suits, Cause of Action, Res Judicata, Summary Proceedings, Appeals, Reference, Review and Revision; Powers of Civil Court and their exercise by Tribunals; Institution of Suit; Summary Procedure

Indian Penal Code, 1860

Introduction; Offences against Property-Criminal Misappropriation of Property, Criminal Breach of Trust, Cheating, Fraudulent Deeds and Dispositions of Property; Offences relating to Documents and Property Marks- Forgery; Defamation; Abetment and Criminal Conspiracy

Criminal Procedure Code, 1973

Classes of Criminal Courts; Power of Courts; Arrest of Persons; Mens Rea; Cognizable and Non-Cognizable Offences; Bail; Continuing Offences; Compounding of Offences; Summons and Warrants; Searches; Summary Trial

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; Burden of proof; Presumptions; Estoppel; Witness; Improper admission & rejection of evidence

Special Courts, Tribunals under Companies Act & Other Legislations

Constitution; Powers of Tribunals; Procedure before Tribunals; Powers of Special Courts; Power to punish for contempt; Overview of NCLT Rules; Quasi-Judicial Authorities

Arbitration and Conciliation Act, 1996

Arbitration Law in India; Appointment of Arbitrators; Judicial Intervention; Award; Recourse against Award; Conciliation and Mediation

Indian Stamp Act, 1899

Key Definitions; Principles of Levy of Stamp Duty; Determination, Mode and timing of Stamp Duty; Person responsible; Consequences of Non-Stamping and Under-Stamping; Adjudication; Allowance and Refund ; Concept of E-Stamping

Registration Act, 1908: Registration of Documents

Compulsory, Optional; Time and Place of Registration; Consequences of Non-Registration; Prerequisites for Registration

Right to Information Act, 2005

Key Definitions; Public Authorities & their Obligations; Role of Central/State Governments; Central Information Commission; State information Commission

Information Technology Act, 2000

Introduction, definition, important terms under the Act; Digital Signatures, Electronic Record, Certifying Authority, Digital Signature Certificate; Cyber Regulation Appellate Tribunal; Offences and Penalties; Rules relating to sensitive personal data under IT Act

Objective To impart expert knowledge of the various provisions of the Companies Act, its schedules, rules, notifications, circulars including secretarial practice, case laws and Secretarial Standards.

Parts

Topics

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

1. Introduction to Company Law : Jurisprudence of Company Law; Meaning, Nature, Features of a company; Judicial

acceptance of the company as a separate legal entity; Concept of Corporate Veil, Applicability of Companies Act; Definitions

and Key Concepts.

2. Shares and Share Capital : Meaning and types of Capital; Concept of issue and allotment; Issue of Share certificates; Further

Issue of Share Capital; Issue of shares on Private and Preferential basis; Rights issue and Bonus Shares; Sweat Equity Shares

and ESOPs; Issue and Redemption of preference shares; Transfer and Transmission of securities; Buyback of securities; dematerialization and re-materialization of shares; Reduction of Share Capital.

3. Members and Shareholders: How to become a member; Register of Members; Declaration of Beneficial Interest; Rectification of Register of Members; Rights of Members; Variation of Shareholders’ rights; Shareholders Democracy; Shareholder

agreement, Subscription Agreements, Veto powers.

4. Debt Instruments : Issue and redemption of Debentures and Bonds; creation of security; Debenture redemption reserve; debenture trust deed; conversion of debentures into shares; Overview of Company Deposits.

5. Charges:Creation of Charges; Registration, Modification and Satisfaction of Charges; Register of Charges; Inspection of

charges; Punishment for contravention; Rectification by Central Government in Register of charges.

6. Distribution of Profits : Profit and Ascertainment of Divisible Profits; Declaration and Payment of Dividend; Unpaid Dividend

Account; Investor Education and Protection Fund; Right to dividend; rights shares and bonus shares to be held in abeyance.

7. Corporate Social Responsibility : Applicability of CSR; Types of CSR Activities; CSR Committee and Expenditure; Net Profit

for CSR; Reporting requirements.

8. Accounts, Audit and Auditors : Books of Accounts; Financial Statements; National Financial Reporting Authority; AuditorsAppointment, Resignation and Procedure relating to Removal, Qualification and Disqualification; Rights, Duties and Liabilities; Audit and Auditor’s Report; Cost Audit; Secretarial Audit; Special Audit; Internal Audit.

9. Transparency and Disclosures : Board’s Report; Annual Return; Annual Report; Website disclosures; Policies.

10. An overview of Inter-Corporate Loans, Investments, Guarantees and Security, Related Party Transactions.

11. Registers and Records : Maintenance and Disposal.

12. An overview of Corporate Reorganization :Introduction of Compromises, Arrangement and amalgamation, Oppression and

Mismanagement, Liquidation and winding-up; Overview of Registered Valuers; Registration Offices and Fees; Companies to furnish information and statistics.

13. Introduction to MCA 21 and filing in XBRL.

14. Global Trends and Developments in Company Law.

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

15. Board Constitution and its Powers: Board composition; Restriction and Powers of Board; Board Committees- Audit

Committee, Nomination and Remuneration Committee, Stakeholder relationship Committee and other Committees.

16. Directors: DIN requirement, Types of Directors; Appointment / Reappointment, Disqualifications, Vacation of Office, Retirement, Resignation and Removal, and Duties of Directors; Rights of Directors; Loans to Directors; Disclosure of Interest.

17. Key Managerial Personnel (KMP’s) and their Remuneration : Appointment of Key Managerial Personnel; Managing and

Whole-Time Directors, Manager, Chief Executive Officer and Chief Financial Officer; Company Secretary – Appointment, Role

and Responsibilities, Company Secretary as a Key Managerial Personnel; Functions of Company Secretary; Officer who is in

default; Remuneration of Managerial Personnel.

18. Meetings of Board and its Committees : Frequency, Convening and Proceedings of Board and Committee meetings; Agenda

Management; Management Information System; Meeting Management; Resolution by Circulation; Types of Resolutions;

Secretarial Standard – 1; Duties of Company Secretaries before, during and after Board/ Committee Meeting.

19. General Meetings : Annual General Meeting; Extraordinary general Meetings; Other General Meetings; Types of Resolutions; Notice, Quorum, Poll, Chairman, Proxy; Meeting and Agenda; Process of conducting meeting; Voting and its types-vote on show of hands, Poll, E-Voting, Postal ballot; Circulation of Members’ Resolutions etc.; Signing and Inspection of Minutes;

Secretarial Standard - 2; Duties of Company Secretaries before, during and after General Meeting.

20. Virtual Meetings: Technological Advancement in the conduct of Board Committee &General Meetings; e-AGM

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

21. Legal framework governing Company Secretaries: The Company Secretaries Act, 1980 along with Rules and Regulations;

Disciplinary Mechanism and Penalties for Professional Misconduct; Ethics in Profession, Professional Liabilities.

22. Secretarial Standards Board : Secretarial Standards Board of ICSI; Process of making Secretarial Standards; Need and Scope of Secretarial Standards.

23. Mega Firms : Concept of mega-firms; Benefits of mega firms, Eligibility criteria for partner, Agreement between partners;

management of Firm; Collective multidisciplinary expertise; Public Relation and Brand Building.

Objective To provide working knowledge and understanding of setting up of business entities and their closure. Detailed Contents

Parts

Topics

Part A: Setting up of Business (40 Marks)

1. Choice of Business Organization: Key features of various structures and issues in choosing between business structures

including identification of location; tax implications etc.

2. Company : Private Company; Public Company; One Person Company; Nidhi Company; Producer Company; Foreign Company Liaison Offices; Branch Office & Project Office; Formation and Registration.

3. Charter documents of Companies : Memorandum of Association and Articles of Association; Doctrine of ultra-vires; Doctrine

of indoor management; Doctrine of constructive notice; Incorporation Contracts; Alteration in MOA & AOA- Change of name;

registered office address; objects clause; alteration in share capital and alteration in articles of association.

4. Legal status of Registered Companies : Small Company; Holding Company; Subsidiary Company & Associate Company;

Inactive Company; Dormant Company; Government Company.

5. Limited Liability Partnership : Concept of LLP; Formation and Registration; LLP Agreement; Alteration in LLP Agreement;

Annual and Event Based Compliances.

6. Other forms of business organizations: Partnership; Hindu Undivided Family; Sole Proprietorship; Multi State Co-operative

Society; Formation; Partnership Agreement and its registration.

7. Institutions Not For Profit &NGOs: Section 8 Company; Trust and Society- Formation and Registration.

8. Financial Services Organization: NBFCs; Housing Finance Company; Asset Reconstruction Company; Micro Finance

Institutions (MFIs); Nidhi Companies; Payment Banks; Registration.

9. Start-ups: Start-up India Policy; Registration Process; Benefits under the Companies Act and other Government Policies;

Different types of capital- Seed Capital; Venture Capital; Private Equity; Angel Investor; Mudra Bank.

10. Joint Ventures; Special Purpose Vehicles : Purpose and Process.

11. Setting up of Business outside India: Issues in choosing location; Structure and the processes involved.

12. Conversion of existing business entity: Conversion of private company into public company and vice versa; Conversion of

Section 8 company into other kind of Company; Conversion of Company into LLP and vice versa; Conversion of OPC to other

type of company and vice versa; Company authorised to be registered under the Act (Part XXI Companies); and other types of

conversion.

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

13. Various Initial Registrations and Licenses: Mandatory Registration - PAN; TAN; GST Registration; Shops & Establishments;

SSI/MSME; Additional Registration/License - ESI/PF; FCRA; Pollution; Other registration as per requirement of sector; IE Code; Drug License; FSSAI; Trademark; Copyright; Patent; Design; RBI; Banking; IRDA; Telecom; I & B; MSME Registration;

UdyogAadhar Memorandum; Industrial License, Industrial Entrepreneurs Memorandum (IEM); State Level Approval from the respective State Industrial Department.

14. Maintenance of Registers and Records: Register and Records required to be maintained by an enterprise.

15. Identifying laws applicable to various Industries and their initial compliances: Compliance of industry specific laws

applicable to an entity at the time of setting up of the enterprise.

16. Intellectual Property laws (Provisions applicable for setting up of business): Copyright Act; 1957; Patents Act; 1970;

Trade Mark Act; 1999; Geographical indication of Goods (Registration and Protection) Act; 1999; Designs Act; 2000.

17. 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; 1948;Employees’

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;Persons with Disabilities ( Equal Opportunities; Protection of Rights and Full Participation ) Act, 1995; Prevention of Sexual Harassment of Women at Workplace (Prevention; Prohibition and Redressal) Act; 2013.

18. 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.

Part C :Insolvency; Winding up& Closure of Business (25 Marks)

19. Dormant Company: Obtaining dormant status and dormant to active status.

20. Strike off and restoration of name of the company and LLP.

21. Insolvency Resolution process; Liquidation and Winding-up: An overview.

Objective

Part I: To provide working knowledge on practical application of Direct Tax Laws.

Part II: To provide conceptual knowledge of GST with practical application of GST Laws.

Parts

Topics and Subtopics

Part I: Direct Taxes (50 marks)

1. Direct Taxes at a Glance : Background of Taxation system in India; Vital Statistics; Layout; Administration.

2. Basic concepts of Income Tax : An overview of Finance Bill, ; 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.

3. Incomes which do not form part of Total Income: Incomes not included in Total Income; Tax holidays.

4. 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; Fair Market Value.

5. Clubbing provisions and Set Off and / or Carry Forward of Losses : Income of other persons included in Assessee’s Total

Income; Aggregation of Income; Set off and / or Carry forward of losses.

6. Deductions from Gross Total Income & Rebate and Relief : Deductions in respect of certain payments; Specific deductions

in respect of certain income; Deductions in respect for donations for expenditure under CSR activities; Rebates and Reliefs.

7. Computation of Total Income and Tax Liability of various entities : Individual; Hindu Undivided Family ‘HUF’; Alternate

Minimum Tax (AMT); Partnership Firm / LLP; Co-operative Societies; Association of Person ‘AOP’ and Body of Individual ‘BOI’;

Political Parties; Electoral Trusts; Exempt organization – Registration u/s 12A/ 12AA;

8. 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.

9. 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.

10. Assessment, Appeals &Revision : Assessment; Types of Assessment; Appeals; Revisions; Search, Seizure, Penalty and

Offences

Part II: Indirect Taxes (50 marks)

(A) Goods and Service Tax

11. Concept of Indirect Taxes at a glance : Background; Constitutional powers of taxation; Indirect taxes in India – An overview; Pre-GST tax structure and deficiencies; Administration of Indirect Taxation in India; Existing tax structure.

12. Basics of Goods and Services Tax ‘GST’: Basics concept and overview of 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; Exemptions under GST.

13. Concept of Time, Value & Place of Taxable Supply: Basic concepts of Time and Value of Taxable Supply; Basics concept

of Place of Taxable Supply.

14. Input Tax Credit & Computation of GST Liability- Overview.

15. Procedural Compliance under GST: Registration; Tax Invoice, Debit & Credit Note, Account and Record, Electronic way Bill; Return, Payment of Tax, Refund Procedures; Audit.

16. Basic overview on Integrated Goods and Service Tax (IGST), Union Territory Goods and Service tax (UTGST), and GST Compensation to States.

(B) Customs Act

17. Overview of Customs Act: Overview of Customs Law; Levy and collection of customs duties; Types of Custom duties; Classification and valuation of import and export goods; Exemption; Officers of customs; Administration of Customs Law; Import and Export Procedures; Transportation, and Warehousing; Duty Drawback; Demand and Recovery; Confiscation of Goods and Conveyances; Refund.

Objectives

Part I : To provide knowledge and understanding of the concepts, principles and practices in Corporate Accounting and Indian and International Accounting Standards.

Part II: To acquire knowledge and understanding of the concepts, techniques and practices of management accounting and to develop skills for decision making and to acquire knowledge of the concepts, principles and methods of valuation

Parts

Topics and Subtopics

Part I: Corporate Accounting (60 marks)

1. Introduction to Financial Accounting.

2. Introduction to Corporate Accounting : Records of accounts to be maintained by a company.

3. Accounting for Share Capital : Issue of Shares; Forfeiture and Re-issue of Shares, Accounting treatment of premium,

Buyback of Shares; Redemption and Conversion; Capital Redemption Reserve, Bonus Shares; Rights Issue, ESOPs, ESPS,

Sweat Equity Shares; and Underwriting; Book Building.

4. Accounting for Debentures : Accounting Treatment, Debenture Redemption Reserve, Redemption of Debentures and

Conversion of Debentures into Shares. Deferred Tax.

5. Related Aspects of Company Accounts : Accounting for ESOP, Buy-back, Equity Shares with differential rights, Underwriting

and Debentures.

6. Financial Statements Interpretation: Preparation and Presentation of Financial Statements; Quarterly, Half-yearly and Annual

Financial Statement pursuant to Listing Regulations;Depreciation provisions and Reserves; Determination of Managerial

Remuneration, Corporate Social Responsibility spend, various disclosures under the Companies Act, 2013, LODR & applicable accounting standards; Related party and segment reporting, Audit Queries; How to Read and interpret Financial Statements.

7. Consolidation of Accounts as per Companies Act, 2013 : Holding Company, Subsidiary Companies, Associate Companies

and Joint Venture; Accounting Treatment and disclosures.

8. Corporate Financial Reporting : Requirements of Corporate Reporting; Recent trends in Financial Reporting.

9. Cash Flow Statements : Preparation and their analysis.

10. Accounting Standards (AS) : Applicability, Interpretation, Scope and Compliance; International Financial Reporting Standards; Overview of AS, AS vs. Ind AS vs. IFRS.

11. National and International Accounting Authorities.

12. Adoption, Convergence and Interpretation of International Financial Reporting Standards (IFRS) and Accounting

Standards in India

Part II: Management Accounting and Valuation (40 marks)

13. An Overview of Cost: Importance and relevance of Cost Accounting; Material Cost, Labour Cost, Direct Expenses and

Overheads, Cost Sheet.

14. Cost Accounting Records & Cost Audit under Companies Act, 2013

15. Budget, Budgeting and Budgetary Control: Preparation of various types of Budgets; Budgetary Control System; Zero Based Budgeting; Performance Budgeting

16. Ratio Analysis: Financial Analysis through Ratios

17. Management Reporting (Management Information Systems)

18. Decision Making Tools: Marginal Costing; Transfer Pricing

19. Valuation Principles & Framework: Conceptual Framework of Valuation, Valuation rules; Valuation of securities or financial assets; Approaches of Valuation - Assets Approach, Income Approach; Market Approach; Registered Valuer; IND AS Valuation

20. Valuation of Shares, Business and Intangible Assets: Regulatory Valuations; Companies Act; Insolvency and Bankruptcy

Code; Income Tax Act; SEBI law; FEMA and RBI guidelines.

21. Accounting for Share based payments (IndAS 102)

22. Business and Intangible Assets

23. Methods of Valuation :Net Assets Valuation: Relative Valuation (Comparable Companies/Transactions); Discounted Cash

Flow Valuation; Other Methods

Objective

Part I : To provide expert knowledge in the legislations, rules and regulations governing the entities listed on the stock exchanges.

Part II : To provide the basic understanding of the working of Capital markets in India.

Parts

Topics and Subtopics

Part I: Securities Laws (70 Marks)

1. Securities Contracts (Regulations) Act 1956: Objectives of the SCR Act, Rules and Regulations made there under; Important

Definitions; Recognized Stock Exchange, Clearing Corporation; Public issue and listing of securities; Rules relating to Public

Issue and Listing of Securities under Securities Contracts (Regulation) Rules, 1957.

2. Securities and Exchange Board of India Act, 1992: Objective; Powers and functions of SEBI; Securities Appellate Tribunal;

Penalties and appeals.

3. Depositories Act, 1996 : Depository System in India; Role & Functions of Depositories; Depository Participants; Admission of Securities; Dematerialization & Re-materialisation; Depository Process; Inspection and Penalties; Internal Audit and Concurrent Audit of Depository Participants.

4. An Overview of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009.

5. An Overview of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

6. An Overview of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

7. SEBI (Buyback of Securities) Regulations, 1998 : Conditions of buy-back; Buy back Methods: Tender Offer, Open Market

(Book building and Stock Exchange); General obligations; Penalties.

8. SEBI (Delisting of Equity Shares) Regulations, 2009 : Delisting of Equity Shares; Voluntary Delisting; Exit Opportunity;

Compulsory Delisting.

9. An Overview of SEBI (Share Based Employee Benefits) Regulations, 2014.

10. An Overview of SEBI (Issue of Sweat Equity) Regulations, 2002.

11. SEBI (Prohibition of Insider Trading) Regulations, 2015 : Unpublished price sensitive information (UPSI); Disclosures;

Codes of fair disclosure and conduct; Penalties and Appeals.

12. Mutual Funds : Types of Mutual Funds and Schemes; Key players in Mutual Funds: Sponsor, Asset Management Company,

Trustee, Unit holder, Evaluating performance of Mutual funds- Net Asset Value, Expense Ratio, Holding Period Return.

13. Collective Investment Schemes :Regulatory Framework; Restrictions on Business Activities; Submission of Information and Documents; Trustees and their Obligations.

14. SEBI (Ombudsman) Regulations, 2003 : Procedure for Redressal of Grievances; Implementation of the Award; Display of the

particulars of the Ombudsman, SCORES, SEBI (Informal Guidance) Scheme, 2003

Part II: Capital Market & Intermediaries (30 Marks)

15. Structure of Capital Market

I. Primary Market

a. Capital Market Investment Institutions-Domestic Financial Institutions(DFI), Qualified Institutional Buyers(QIB), Foreign Portfolio Investors (FPI), Private Equity, Angel Funds, HNIs, Venture Capital, Pension Funds, Alternative Investment Funds.

b. Capital Market Instruments-Equities, Preference Shares, Shares with Differential Voting Rights, Corporate Debt, NonConvertible Debentures(NCD), Partly, Fully and Optionally Convertible Debentures, Bonds, Foreign Currency Convertible

Bonds(FCCB), Foreign Currency Exchangeable Bonds (FCEB) Indian Depository Receipts (IDR),Derivatives, Warrants;

c. Aspects of Primary Market- book building, ASBA, Green Shoe Option.

II. Secondary Market

Development of Stock market in India; Stock market & its operations, Trading Mechanism, Block and Bulk deals, Grouping,

Basis of Sensex, Nifty; Suspension and Penalties; Surveillance Mechanism; Risk management in Secondary market, Impact of

various Policies on Stock Markets such as Credit Policy of RBI, Fed Policy, Inflation index, CPI, WPI, etc.

16. Securities Market Intermediaries : Primary Market and Secondary Market Intermediaries: Role and Functions, Merchant

Bankers, Stock Brokers, Syndicate Members, Registrars and Transfer Agents, Underwriters, Bankers to an Issue, Portfolio

Managers, Debenture Trustees, Investment Advisers, Research Analysts, Market Makers, Credit Rating Agencies; Internal

Audit of Intermediaries by Company Secretary in Practice.

Objectives

Part I : To provide expert knowledge in Foreign Exchange Management and NBFCs.

Part II : To provide expert knowledge in Competition Law.

Part III : To provide working knowledge in Business and Commercial Laws.

Parts

Topics and Subtopics

Part I Foreign Exchange Management &NBFCs (40 Marks)

1. Reserve Bank of India Act, 1934: Central Banking functions; Monetary policy; Penalties.

2. Foreign Exchange Management Act, 1999 : Introduction

3. Foreign Exchange Transactions & Compliances: Current and Capital Account Transactions; Acquisition &Transfer of Immovable Property in India and Abroad; Realization and Repatriation of Foreign Exchange; Brief information of other FEMA Regulations.

4. Foreign Contribution (Regulation) Act, 2010: Introduction and Object, Eligible Contributor, Eligible Receiver, Registration,

Offences and Penalties.

5. 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.

6. Overseas Direct Investment: ODI Policy, foreign currency remittances, Setting up of Subsidiary/Joint Venture/Branch

Office.

7. Liberalized Remittance Scheme: Investment Outside India by Indian Residents.

8. External Commercial Borrowings (ECB): An Overview.

9. 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).Imports and related policies.

10. Non-Banking Finance Companies(NBFCs): Definition; Types; Requirement of Registration as NBFC and exemptions from registration as NBFC; Micro Finance Institutions, 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; Peer to Peer Lending; Defaults, Adjudication, prosecutions and penalties.

11. Special Economic Zones Act, 2005: Establishment of Special Economic Zones; Approval and Authorization to Operate SEZ;

Setting up of Unit; Special Economic Zone Authority.

Part II Competition Law (25 Marks)

12. Competition Act, 2002: Competition Policy ; Anti-Competitive Agreements; Abuse of Dominant Position; Overview of Combination and Regulation of Combinations; Competition Advocacy; Competition Commission of India; Appellate Tribunal.

Part III Business & Commercial Laws (35 Marks)

Consumer Protection

13. Consumer Protection Act, 1986: Consumer Protection in India; Rights of Consumers; Consumer Dispute Redressal Forums; Nature and Scope of Remedies.

14. Essential Commodities Act, 1955: Essential Commodities; Powers of Central Government; Authorities responsible

to administer the Act; Delegation of powers; Nature of Order passed under the Act; Seizure and Confiscation of Essential

Commodities; Offences by Companies.

15. Legal Metrology Act, 2009: Standard weights and measures; Power of inspection, seizure; Declarations on pre-packaged

commodities; Offences and penalties.

Property Law

16. Transfer of Property Act, 1882: Types of Properties; Properties which cannot be Transferred; Rule Against Perpetuities; Lis

Pendens; Provisions Relating to Sale; Mortgage, Charge, Lease, Gift and Actionable Claim; Specific Performance.

17. 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.

Specimen Agreement for Sale between the Promoter and the Allottee; Due Diligence Reporting.

Anti-Corruption Laws

18. Benami Transaction Prohibitions (Act): Benami Property; Benami Transaction, Prohibition of Benami Transaction; Authority,

Adjudication of Benami property.

19. Prevention of Money Laundering: Problem and adverse effect of money laundering; Methods of money laundering; Offence of money laundering; Attachment, adjudication and confiscation.

Business Laws

20. Indian Contracts Act, 1872: Essential elements of a Valid Contract; Indemnity and Guarantee; Bailment and Pledge; Law of Agency; E-Contract; Landmark judgments.

21. Specific Relief Act, 1963: Specific reliefs and defence; specific performance and defence; unenforceable contracts; Rescission of Contracts; Cancellation of Instruments; Declaratory Decrees; Preventive Reliefs.

22. 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; Landmark judgments.

23. Partnership Act, 1932: Rights and Liabilities of Partners; Registration of Firms; Dissolution of Firms and Partnership; Landmark judgments.

24. Negotiable Instrument Act, 1881: Negotiable Instruments and Parties; Material Alteration; Crossing and bouncing of Cheques; Dishonour of Cheques & its Remedies; Presumption of Law as to Negotiable Instruments; Landmark judgments.

Objective

Part I: To provide knowledge of practical aspects of financial management so as to develop skills in taking financial and investment decisions.

Part II : To enable students to acquire multidimensional skills as to equip them to comprehend the process of strategy formulation.

Parts

Topics and Subtopics

Part I:Financial Management (60 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.

2. 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.

3. 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.

4. 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.

5. Project Finance: Project Planning – Preparation of Project Report, Project Appraisal under Normal Inflationary and Deflationary Conditions; Project Appraisal by Financial Institutions – Lending Policies and Appraisal Norms by Financial Institutions and

Banks; Project Review and Control; Social Cost and Benefit Analysis of Project. Term loans from Financial institutions and Banks; Lease and Hire Purchase Finance; Venture Capital Funds; Private Equity; International Finance and Syndication of Loans, Deferred Payment Arrangements; Corporate Taxation and its Impact on Corporate Financing; Financing Cost Escalation.

6. Dividend Policy: Introduction- Types; Determinants and Constraints of Dividend Policy; Forms of Dividend; Different Dividend

Theories.

7. Working Capital : Meaning, Types, Determinants and Assessment of Working Capital Requirements, Negative Working Capital; Operating Cycle Concept and Applications of Quantitative Techniques; Management of Working Capital – Cash Receivables Inventories; Financing of Working Capital; Banking Norms and Macro Aspects; Factoring and Forfaiting.

8. Security Analysis: Measuring of Systematic and Unsystematic Risk; Fundamental Analysis (Economic, Industry and Company); Technical Analysis and Efficient Market Hypothesis.

9. 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 II: Strategic Management (40 Marks)

10. Introduction to Management: An Overview of functions of management.

11. 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.

12. 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.

13. Strategic Analysis and Planning: Situational Analysis, Strategic Choices-SWOT and TOWS Analysis; PERT (Programme Evaluation Review Technique) and CPM (Critical Path Method);Portfolio analysis-Boston Consulting Group (BCG) growthshare 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.

14. Strategic Implementation and Control: Issues in Strategy Implementation; Various Organizational Structures and Strategy

Implementation; Leadership and its forms; Strategic Change and Control.

15. Analysing Strategic Edge: Introduction to Business Process Reengineering; Concept of Benchmarking; Introduction to Total Quality Management and Six Sigma.

Particulars

Details

OMR Based papers in CS Executive new syllabus

• Tax Laws (Module-I)

• Corporate and Management Accounting (Module-II)

• Financial and Strategic Management (Module-II)

Number of Questions

100 questions per paper

Type of Questions

Both objective and subjective