CS Professional Exam Dec 2024: Dates (Out) Registration, Syllabus, Pattern, Question Papers

Advanced tax laws: Unit 01

• An overview on goods and services tax ‘GST’: Introduction; constitutional aspects and administration; GST models; levy and collection of CGST and IGST; composition scheme and reverse charge, exemptions
• Supply: Meaning and scope, types of supply (composite/ mixed inter/ intra); time, place and value of taxable supply; import and export of goods or services under GST, classification of goods and services; job work provisions, agency contracts
• Supply: E-commerce and TCS
• Input tax credit and computation of GST liability: Input tax credit; computation of GST liability
• Procedural compliance under GST: Registration; tax invoice, debit and credit note, account and record, electronic way bill, payment of tax, TDS, returns and refund, valuation, audit and scrutiny; assessment
• Demand and recovery, advance ruling, appeals, and revision
• Inspection, search, seizure, offences, and penalties
• Compliance rating, anti-profiteering, GST practitioners, authorised representative, professional opportunities
• Integrated goods and service tax (IGST)
• Union territory goods and service tax (UTGST)
• GST compensation to states
• Industry/ sector specific analysis

Advanced tax laws: Unit 02

• Basic concepts of customs law: Introduction; levy and collection of customs duties; taxable events; custom duties
• Valuation and assessment of imported and export goods and procedural aspects: Classification and valuation of import and export goods; assessment; abatement and remission of duty; exemptions; refund and recovery
• Arrival or departure and clearance of goods, warehousing, duty drawback, baggage, and miscellaneous provisions: Arrival and departure of goods; clearance of import and export goods and goods in transit; transportation and warehousing provisions
• Arrival or departure and clearance of goods, warehousing, duty drawback, baggage, and miscellaneous provisions: Duty drawback provisions, baggage rules and provision related to prohibited goods, notified goods, specified goods
• Arrival or departure and clearance of goods, warehousing, duty drawback, baggage, and miscellaneous provisions: Illegal importation/ exportation of goods
• Advance ruling, settlement commission, appellate procedure, offences, and penalties: Advance ruling; appeal and revision; offences and penalties; prosecution; settlement of cases
• Foreign trade policy (FTP) to the extent relevant to indirect tax: Export promotion scheme under FTP; salient features, administration and other miscellaneous provisions

Advanced tax laws: Unit 03

• Corporate tax planning and tax management: Tax planning, tax management; tax avoidance vs. tax evasion; areas of corporate tax planning; tax planning management cell
• Taxation of companies, LLP and non-resident: Tax incidence on companies including foreign company; minimum alternate tax ‘MAT’; dividend distribution tax; alternate minimum tax ‘AMT’; tax incidence on LLP; taxation of non-resident entities
• General anti avoidance rules ‘GAAR’: Basic concept of GAAR; impermissible avoidance arrangement; arrangement to lack commercial substance; application of GAAR rule; gaar vs. SAAR
• Basics of international taxation: (i) Transfer pricing-introduction and concept of arm’s length price; international and specified domestic transaction; transfer pricing methods; advance pricing agreement and roll back provision; documentation and return
• Basics of international taxation: (ii) Place of effective management (POEM)-concept of POEM; guidelines of determining poem
• Tax treaties
• Income tax implication on specified transactions: Slump sale; restructuring; buyback of shares; redemption of preference shares; issue of shares at premium; transfer of shares; reduction of share capital; gifts, cash credits
• Income tax implication on specified transactions: Unexplained money, investments etc

Drafting, pleadings, and appearances: Unit 01

• Procedure; jurisdiction and review; revisions; reference; appellate forum

Drafting, pleadings, and appearances: Unit 02

• Drafting: Concept, general principles and relevant substantive rules thereof; drafting in simple language, nuances of drafting, common errors and its consequences like litigation, liability
• Drafting policies, code of conduct, guidance note, waivers, releases, disclaimers, basic components of deeds, endorsements and supplemental deeds, aids to clarity and accuracy, legal requirements and implications
• Supreme court rules and other guiding principles for drafting

Drafting, pleadings, and appearances: Unit 03

• Principles relating to drafting of various resolutions; drafting of notices and explanatory statements; preparation of agenda for meetings; drafting and recording of minutes

Drafting, pleadings, and appearances: Unit 04

• Conveyancing in general, object of conveyancing-drafting of conveyancing agreements, wills, encumbrances, and gift deeds

Drafting, pleadings, and appearances: Unit 05

• Drafting of various commercial agreements, guarantees, counter guarantees, bank guarantees, outsourcing agreements, service agreements, e-contracts, legal license, IPR agreements; general and special power of attorney; pre-incorporation contracts
• Share purchase agreement; shareholders agreements and other agreements under the companies act, 2013; drafting of memorandum of association and articles of associations; drafting of provisions for entrenchment of specified provision of articles
• Joint venture and foreign collaboration agreement, non-disclosure agreements; drafting of limited liability partnership agreement, drafting of bye laws for societies; drafting replies to regulatory show cause notices
• Review of critical business documents and press releases; responding to proxy advisory reports, drafting response to media reports; drafting and review of crisis communications, presenting complex legal subjects to simple business oriented language

Drafting, pleadings, and appearances: Unit 06

• Pleadings in general; object of pleadings; fundamental rules of pleadings; civil: Plaint structure; description of parties; written statements, interlocutory applications, original petition, affidavit
• Execution petition and memorandum of appeal and revision, petition under articles 226 and 32 of constitution of India, special leave petition; criminal: Complaints, criminal miscellaneous petition, bail application and memorandum of appeal and revision
• Drafting of affidavit in evidence; arguments on preliminary submissions; arguments on merits; legal pleadings and written submissions, application, petitions, revision petitions, notice of motion, witness, improper admission, rejection, appeal, review
• Suits, undertakings, indemnity bonds, writs, legal notices, response to legal notices

Drafting, pleadings, and appearances: Unit 07

• Understanding facts of the case; case for opinion writing, application of relevant legal provisions facts; research on relevant case laws; discussion and opinion writing

Drafting, pleadings, and appearances: Unit 08

• Requisites for entering appearances; appearing before tribunals/ quasi-judicial bodies such as NCLT/ NCLAT/ / CCI/ TRAI/ tax authorities and appellate tribunals/ and authorities such as ROC/ RD/ RBI/ ED/ stock exchange/ SEBI/ RERA; art of advocacy

Secretarial audit, compliance management, and due diligence: Unit 01

• Compliance framework: Identification of applicable laws, rules, regulations; risk assessment; responsibility center mapping/ allocation; escalation and reporting; creation of compliance framework and reporting system; review and updation
• Compliance framework: Training and implementation
• Compliances: (a) Entity wise-public, private, listed, government, small companies, OPC, section 8 company, LLP-annual and event based compliances. (b) Activity wise: Compliances related to specific activities undertaken
• Compliances: (c) Sector wise-service sector, manufacturing, trading, e-commerce, mining, infrastructure. (d) Industry specific: Compliances with industry specific laws applicable to the company such as tourism, pharmaceutical, FMCG, hospitality
• Compliances: (d) Industry specific-compliances with industry specific laws applicable to the company such as information technology. (e) State and local applicable laws
• Documentation and maintenance of records: Electronic versus physical repository; general principles of good documentation, coding, storage, preservation, safety and retrieval; privacy and control
• Search and status report: Type of searches, purpose and objective of search reports, search under companies act, IPR laws, property title search, compilation and verification of data published by MCA 21, SEBI, RBI, stock exchanges
• Search and status report: Compilation and verification of data published by other regulators/ authorities (national/ international), web-sites and other sources
• KYC: Carrying out KYC with respect to directors, promoters and client, compliance with the applicable ICSI guidelines
• Signing and certification: Various certification(s) by company secretary in practice; pre-certification of forms; signing and certification of annual return; corporate governance certification; obligations and penal provisions
• Segment-wise role of company secretaries: Knowledge about the segment(s) in which the company is operating, industry trends and national and international developments. Segment-wise compliances

Secretarial audit, compliance management, and due diligence: Unit 02

• Audits: Overview and introduction of various audits; ICSI auditing standards
• Secretarial audit: (i) Overview and introduction: Concept; advantages; legal provisions; risk of secretarial auditor; code of conduct
• Secretarial audit: (ii) Scope of secretarial audit-(a) corporate, securities and foreign exchange laws and rules and regulations made there under, (b) other laws applicable to the company
• Secretarial audit: (ii) Scope of secretarial audit-(c) board processes, adequacy of systems and processes, compliance with secretarial standards and applicable accounting standards and reporting of major events, (d) corporate conduct and practices
• Internal audit and performance audit: Objective and scope; internal audit techniques; appraisal of management decisions; performance assessment, internal control mechanism
• Concepts and principles of other audits: (a) Corporate governance audit, (b) CSR audit, (c) takeover audit, (d) insider trading audit, (e) industrial and labour laws audit, (f) cyber audit, (g) environment audit, (h) systems audit, (i) forensic audit
• Concepts and principles of other audits: (j) Social audit
• Audit engagement: Audit engagement; appointing authority; communication to previous auditor; terms and conditions; audit fees and expenses; independence and conflict of interest; confidentiality; auditing standard on audit engagement
• Audit principles and techniques: Audit planning; risk assessment; collection of information/ records of audit, audit checklist; audit techniques, examination and its process; enquiry; confirmation; sampling; compliance test of internal control system
• Audit principles and techniques: Substantive checking, dependence on other expert, verification of documents/ records; collection of audit evidences; creation of audit trails; analysis of audit findings; documentation; materiality; record keeping
• Audit process and documentation: Preliminary preparations; questionnaire; interaction; audit program; identification of applicable laws; creation of master checklist; maintenance of worksheet, working papers and audit trails
• Audit process and documentation: Identification of events/ corporate actions; verification; board composition; board process; systems and process; identification of events having bearing on affairs of the company
• Audit process and documentation: Auditing standard on audit process and documentation
• Forming an opinion and reporting: Process of forming an opinion; materiality; forming an opinion on report of third party/ expert; modified/ unmodified opinion/ qualifications; management representation letter
• Forming an opinion and reporting: Opinion obtained by management, discussion with management, evaluating audit evidence and forming opinion, audit report and drafting of qualifications
• Forming an opinion and reporting: Sharing draft report with management with category of risk involved with each remark and qualification, signing of audit reports and its submission; auditing standards on forming of an opinion
• Secretarial audit-fraud detection and reporting: Duty to report fraud; reporting of fraud by secretarial auditor; fraud vs. non-compliance; speculation; suspicion; reason to believe; knowledge; reporting; professional responsibilities and penalties
• Secretarial audit-fraud detection and reporting: Record keeping; reporting of fraud in secretarial audit report
• Quality review: Peer review; monitoring of certification and audit work by quality review board
• Values ethics and professional conduct: Case studies and practical aspects
• Due diligence: Overview and introduction; types of due diligence; financial due diligence; tax diligence; legal due diligence; commercial or business diligence-including operations, IT systems, IPRs; human resources due diligence; due diligence for merger
• Due diligence: Amalgamation; slump sale; takeover; issue of securities; depository receipts; competition law due diligence; labour laws due diligence; due diligence report for bank; FEMA due diligence; FCRA due diligence
• Due diligence: Techniques of due diligence and risk assessment; non-disclosure agreement. Impact assessment of non compliances and reporting thereof

Corporate restructuring, insolvency, liquidation, and winding-up: Unit 01

• Types of corporate restructuring: Key definitions, compromises, arrangements, mergers and amalgamations; demergers and slump sale, business sale; joint venture, strategic alliance, reverse merger disinvestment
• Types of corporate restructuring: Financial restructuring (buy-back, alteration, and reduction)
• Acquisition of company/ business: Acquisition of company; takeover of listed companies-(i) legal framework, (ii) process and compliances; cross borders takeovers-procedure
• Planning and strategy: Case studies pertaining to merger, amalgamation, restructuring; funding for M and A, studies of judicial pronouncements; planning relating to acquisitions and takeovers; protection of minority interest; succession planning
• Planning and strategy: Managing family holdings through trust
• Process of M and A transactions: key concepts of M and A; law and procedure; M and A due diligence; M and A valuation; M and A structure finalization; post transaction integration
• Documentation-merger and amalgamation: Drafting of scheme; drafting of notice and explanatory statement; drafting of application and petition
• Valuation of business and assets for corporate restructuring: Type of valuations; valuation principles and techniques for merger, amalgamation, slump sale, demerger; principles and techniques of reporting; relative valuation and swap ratio
• Accounting in corporate restructuring-concept and accounting treatment: Methods of accounting for amalgamations-AS-14/ IndAS 103;treatment of reserves, goodwill; pre-acquisition and post-acquisition profit; accounting in books of transferor and transferee
• Accounting in corporate restructuring-concept and accounting treatment: Merger and demerger, acquisition of business and internal reconstruction
• Taxation and stamp duty aspects of corporate restructuring: Capital gain; set-off and carry forward under section 2(14) of income tax act; deemed dividend; payment of stamp duty on scheme, payment of stamp duty on movable and immovable properties
• Competition act: Regulation of combinations under the competition act, kinds of combinations, exempted combinations, concept of relevant market and its importance, determination of combinations and any appreciable adverse effect, role of CCI
• Regulatory approvals of scheme: From CCI, income tax, stock exchange, SEBI, RBI, RD, ROC, OL and sector regulators such as IRDA, TRAI, etc
• Appearance before NCLT/ NCLAT
• Fast track mergers: Small companies, holding and wholly owned companies
• Cross border mergers

Corporate restructuring, insolvency, liquidation, and winding-up: Unit 02

• Insolvency: Historical background; pillars of IBC, 2016 [IBBI, IPA, IP, AA, information utility]; key definitions and concepts; insolvency initiation/ resolution under sections 7, 8, and 10
• Petition for corporate insolvency resolution process: Legal provisions; procedure, documentation; appearance, approval; case laws
• Role, functions, and duties of IP/ IRP/ RP: Public announcement, management of affairs and operations of company as a going concern, raising of interim finance, preparation of information memorandum
• Resolution strategies: Restructuring of equity and debt; compromise and arrangement; acquisition, takeover and change of management; sale of assets; valuation
• Convening and conduct of meetings of committee of creditors: Constitution of committee of creditors; procedural aspects for meeting of creditors
• Preparation and approval of resolution plan: Contents of resolution plan; submission of resolution plan; approval of resolution plan
• Individual/ firm insolvency: Application for insolvency resolution process; report of resolution professional; repayment plan; discharge order
• Fresh start process: Person eligible to apply for fresh start; application for fresh start order; procedure after receipt of application; discharge order
• Debt recovery and SARFAESI: Non-performing assets; asset reconstruction company; security interest (enforcement) rules, 2002; evaluation of various options available to bank viz. SARFAESI, DRT insolvency proceedings
• Debt recovery and SARFAESI: Application to the tribunal/ appellate tribunal
• Cross border insolvency: International perspective and global developments; UNCITRAL legislative guide on insolvency laws; US bankruptcy code, chapter 11 reorganization; enabling provisions for cross border transactions under IBC
• Liquidation on or after failing of RP: Initiation of liquidation; distribution of assets; dissolution of corporate debtor
• Voluntary liquidation: Procedure for voluntary liquidation; powers and duties of the liquidator; completion of liquidation
• Winding-up by tribunal under the companies act, 2013: Procedure of winding-up by tribunal; powers and duties of the company liquidator; fraudulent preferences

Resolution of corporate disputes, non-compliances and remedies: Unit 01

• Law relating to majority powers and minority protection; class action suits

Resolution of corporate disputes, non-compliances and remedies: Unit 02

• Oppression and mismanagement- law and practice; refusal of registration of transfer of securities and appeal against refusal; wrongful withholding of property of company; corporate criminal liability

Resolution of corporate disputes, non-compliances and remedies: Unit 03

Resolution of corporate disputes, non-compliances and remedies: Unit 04

• Companies act, 2013, RBI act, SEBI act, FEMA, COFEPOSA, labour laws; prevention of money laundering act; malpractices under various other laws

Resolution of corporate disputes, non-compliances and remedies: Unit 05

• Enquiries; inspection; investigation; search and seizure; arrest; bail (ROC, RD,SFIO, stock exchange, SEBI, RBI, CCI, labour law authorities, income tax authorities, ED, CBI, economic offences wing)

Resolution of corporate disputes, non-compliances and remedies: Unit 06

Resolution of corporate disputes, non-compliances and remedies: Unit 07

Resolution of corporate disputes, non-compliances and remedies: Unit 08

Resolution of corporate disputes, non-compliances and remedies: Unit 09

• Compounding of offences under companies act, SEBI and FEMA; mediation and conciliation; settlement and proceeding (consent order under SEBI law); appeal against the order of adjudicating officer, SAT, NCLT, NCLAT, enforcement directorate, IT commissioner
• GST commissioner; revision of order; appearance before quasi-judicial and other bodies-NCLT, NCLAT, SAT, SEBI, RD, ROC, RBI, CCI

Resolution of corporate disputes, non-compliances and remedies: Unit 10

Corporate funding and listings in stock exchanges: Unit 01

• Indian equity-public funding: Securities and exchange board of India (issue of capital and disclosure requirements) regulations, 2009; initial public offer (IPO)/ further public offer (FPO); preferential allotment; private placement
• Indian equity-public funding: Qualified institutional placement; institutional private placement; rights issue; fast track issue; real estate investment trust (REIT); infrastructure investment trust (InvIT)
• Indian equity-private funding: Venture capital; alternative investment fund; angel funds; seed funding; private equity
• Indian equity-non fund based: Bonus issue; sweat equity, ESOP
• Debt funding-Indian fund based: Debentures, bonds; masala bonds; bank finance; project finance including machinery or equipment loan against property, loan against shares; working capital finance-overdrafts, cash credits, bill discounting, factoring, etc
• Debt funding-Indian fund based: Islamic banking
• Debt funding-Indian non fund based: Letter of credit; bank guarantee; stand by letter of credit, etc
• Foreign funding-instruments and institutions: External commercial borrowing (ECB); American depository receipt (ADR)/ global depository receipt (GDR); foreign currency convertible bonds (FCCB); foreign currency exchangeable bonds (FCEB)
• Foreign funding-instruments and institutions: International finance corporation (IFC); Asian development bank (ADB), international monetary fund (IMF)
• Other borrowings tools: Inter-corporate loans; commercial paper etc; deposits under companies act; customer advances/ deposits
• Non-convertible instruments-non-convertible redeemable preference shares (NCRPS), etc
• Securitization

Corporate funding and listings in stock exchanges: Unit 02

• Listing-Indian stock exchanges: Securities and exchange board of India (listing obligations and disclosure requirements) regulations, 2015; equity listing (SME, ITP, Main); debt listing; post listing disclosures
• International listing: Applicability of listing regulations, Singapore stock exchange; Luxembourg stock exchange; NASDAQ-NGSM, NCM, NGM; London stock exchange-Main, AIM; U S securities and exchange commission
• Various procedural requirements for issue of securities and listing
• Preparing a company for an IPO and governance requirements thereafter, appraising the board and other functions in the organisations regarding the post IPO/ listing governance changes
• Documentation and compliances

Multidisciplinary case studies: Unit 01

Multidisciplinary case studies: Unit 02

Multidisciplinary case studies: Unit 03

Multidisciplinary case studies: Unit 04

Multidisciplinary case studies: Unit 05

Multidisciplinary case studies: Unit 06

Multidisciplinary case studies: Unit 07

Multidisciplinary case studies: Unit 08

Banking-law and practice: Unit 01

• Indian banking system-evolution; RBI and its role; structure of banks in India; commercial banks; co-operative banking system; development banks; NBFCs

Banking-law and practice: Unit 02

• Constitution, objectives, functions and powers of RBI; tools of monetary control; regulatory restrictions on lending; business of banking; constitution of banks; RBI act, 1934; banking regulation act, 1949; role of RBI; government as a regulator of banks
• Control over co-operative banks; regulation by other authorities

Banking-law and practice: Unit 03

• Licensing of banking companies; branch licensing; paid up capital and reserves; shareholding in banking companies; subsidiaries of banking companies; board of directors; chairman of banking company; appointment of additional directors
• Restrictions on employment; control over management; directors and corporate governance

Banking-law and practice: Unit 04

• Power of RBI to issue directions; acceptance of deposits; nomination; loans and advances; regulation of interest rate; regulation of payment systems; internet banking guidelines; regulation of money market instruments; reserve funds
• Maintenance of CRR, SLR; assets in India

Banking-law and practice: Unit 05

• Preparation of vouchers, cash receipt and payment entries, clearing inward and outward entries, transfer debit and credit entries, what is KYC and what are the different documents to satisfy KYC, verify KYC and authenticity of documents
• Operational aspects in regard to opening of all types of accounts, scrutiny of loan applications/ documents, allowing drawals and accounting entries involved at various stages, operational aspects of CBS environment, etc
• Back office operations in banks, handling of unreconciled entries in banks

Banking-law and practice: Unit 06

• Overview of banking services and IT related risk and controls, components and architecture of CBS, core business processes flow and relevant risks and controls reporting system and MIS, data analytics and business intelligence

Banking-law and practice: Unit 07

• NI act; role and duties of paying and collecting banks; endorsements; forged instruments; bouncing of cheques; its implications; return of cheques; cheque truncation system

Banking-law and practice: Unit 08

• Negotiable instruments act and paying banks; liability of paying banker; payment in due course; payment in good faith; whether payment under mistake recoverable

Banking-law and practice: Unit 09

• Statutory protection to collecting bank; duties of collecting bank

Banking-law and practice: Unit 10

• Pradhan Mantri Jan Dhan Yojana (PMJDY); Sukanya Samriddhi Account; MUDRA Bank Yojana; Pradhan Mantri Jeevan Jyoti Beema Yojana (PMJJBY); Pradhan Mantri Suraksha Bima Yojana (PMSBY); Atal Pension Scheme

Banking-law and practice: Unit 11

• Operational aspects of consumer protection act and banking ombudsman scheme

Banking-law and practice: Unit 12

• Different types of borrowers; types of credit facilities-cash credit, overdraft, demand loans, term loans, bill finance

Banking-law and practice: Unit 13

• Types of securities; assignment; lien; set-off; hypothecation; pledge; mortgage; indemnities and guarantees; factoring; bill discounting; letter of credit; commercial papers; bank guarantees; book debts; corporate securities; charges

Banking-law and practice: Unit 14

• Types of documents; procedure; stamping; securitisation

Banking-law and practice: Unit 15

• Calculation of simple interest and compound interest; calculation of equated monthly installments; fixed and floating interest rates; calculation of annuities; interest calculation using products/ balances; amortisation of a debt; sinking funds

Banking-law and practice: Unit 16

• Debt-definition, meaning and salient features; loans; introduction to bonds; terms associated with bonds; cost of debt capital; bond value with semi-annual interest; current yield on bond; calculation of yield-to-maturity of bond; theorems for bond value
• Duration of bond; properties of duration; bond price volatility

Banking-law and practice: Unit 17

• Fundamentals of foreign exchange; forex markets; direct and indirect quote; some basic exchange rate arithmetic-cross rate, chain rule, value date, etc; forward exchange rates-forward points; arbitrage; calculating forward points; premium/ discount, etc

Banking-law and practice: Unit 18

• Definition; income recognition; asset classification; provisioning norms; CDR financial inclusion BC; BF; role of ICT in financial inclusion, mobile based transactions, R SETI

Banking-law and practice: Unit 19

• Definition and functions of a bank; requirements of banking companies as to accounts and audit; significant features of accounting systems of banks; principal books of accounts; preparation and presentation of financial statements of banks; CMA format
• Accounting treatment of specific items; preparation of profit and loss account; comments on profit and loss account; important items of balance sheet; disclosure requirements of banks; additional disclosures prescribed by RBI
• Disclosures required under BASEL norms

Banking-law and practice: Unit 20

• Introduction to risk management; credit risk management; liquidity and market risk management; operational risk management; risk management organisation; reporting of banking risk; risk adjusted performance evaluation; basel-I, II, and III accords

Insurance-law and practice: Unit 01

• Risk management; the concept of insurance and its evolution; the business of insurance; the insurance market; insurance customers; the insurance contract; insurance terminology; life assurance products; general insurance products

Insurance-law and practice: Unit 02

• Development of insurance legislation in India and insurance act 1938; Insurance Regulatory and Development Authority of India (IRDAI) functions and insurance councils; IRDAI and its licensing functions; policy holders rights of assignment
• Nomination and transfer; protection of policy holders interest; dispute resolution mechanism; financial regulatory aspects of solvency margin and investments; international trends in insurance regulation

Insurance-law and practice: Unit 03

• Life insurance organization; premiums and bonuses; plans of life insurance; annuities; group insurance; linked life insurance policies; applications and acceptance; policy documents; premium payment, Life Insurance Corporation (LIC) of India
• Policy lapse and revival; assignment, nomination and surrender of policy; policy claims

Insurance-law and practice: Unit 04

• Underwriting: Structure and process; financial underwriting; occupational, a vocational and residential risks; reinsurance; blood disorders; nervous system; diabetes mellitus; thyroid diseases; urinary system; the respiratory system
• Gastrointestinal (digestive) system; cardiovascular system; special senses: Disorders of the eyes, ears, and nose; law of contract; life insurance contract; protection of interest of consumers

Insurance-law and practice: Unit 05

• Financial planning and life insurance; life insurance planning; health policies; pensions and annuities; Takaful (Islamic insurance)

Insurance-law and practice: Unit 06

• Accounting procedures-premium accounting; accounting procedures-disbursements; accounting procedure: Expenses of management; investments; final accounts, revenue account and balance sheet; budget and budgetary control
• Innovative concepts in financial reporting; accounting standard applicable to life insurance companies; financial analysis; management environment in India; application of financial management concepts in insurance industry
• Taxation (current scenario); anti-money laundering guidelines and PML act; compliance with IFRS (involving broader concepts)

Insurance-law and practice: Unit 07

• Introduction to health insurance and the health system in India; health financing models and health financing in India; health insurance products in India; health insurance underwriting; health insurance policy forms and clauses; health insurance data
• Pricing and reserving; regulatory and legal aspects of health insurance; customer service in health insurance; health insurance fraud; reinsurance

Insurance-law and practice: Unit 08

• Introduction to general insurance; policy documents and forms; underwriting; ratings and premiums; claims; insurance reserves and accounting

Insurance-law and practice: Unit 09

• Basic principles and the fire policy; add on covers and special policies; fire hazards and fire prevention; erstwhile tariff-rules and rating; documents; underwriting; claims-legal and procedural aspects; consequential loss insurance
• Specialised policies and overseas practice

Insurance-law and practice: Unit 10

• Basic concepts; fundamental principles; underwriting; types of covers; marine claims; marine recoveries; role of banker’s in marine insurance; loss prevention, reinsurance, maritime frauds

Insurance-law and practice: Unit 11

• Glossary of terms for agriculture insurance; introduction to Indian agriculture; risk in agriculture; history of crop insurance in India; crop insurance design considerations; crop insurance-yield index based underwriting and claims
• Weather based crop insurance; traditional crop insurance: Underwriting and claims; agriculture insurance in other countries; livestock/ cattle wealth in Indian economy; types of cattle and buffaloes; cattle insurance in India; poultry insurance in India
• Miscellaneous agriculture insurance schemes; agriculture reinsurance

Insurance-law and practice: Unit 12

• Introduction to motor insurance; marketing in motor insurance; type of motor vehicles, documents and policies; underwriting in motor insurance; motor insurance claims; IT applications in motor insurance; consumer delight; third party liability insurance
• Procedures for filing and defending; quantum fixation; fraud management and internal audit; legal aspects of third party claims; important decisions on motor vehicle act

Insurance-law and practice: Unit 13

• Introduction to liability insurance; legal background; liability underwriting; statutory liability; general public liability (industrial/ non-industrial risks); products liability insurance; professional indemnity insurance; commercial general liability
• Directors and officers liability; other policies and overseas practices; reinsurance

Insurance-law and practice: Unit 14

• Introduction; aviation insurance covers; underwriting-general aviation; underwriting airlines; underwriting-aerospace; aviation laws; aviation claims; aviation finance

Insurance-law and practice: Unit 15

• Risk and theory of probability; risk management scope and objectives; building up an effective risk management programme; important steps in risk management decision making process; alternative risk management; enterprise risk management
• Business continuity management and disaster/ emergency/ catastrophe recovery planning; loss exposures for major classes; risk management checklists

Insurance-law and practice: Unit 16

Intellectual property rights: Laws and practices: Unit 01

• Concept of property vis-a-vis intellectual property; concept of property and theories of property-an overview; theories of intellectual property rights; meaning, relevance, business impact, protection of intellectual property
• Intellectual property as an instrument of development; need for protecting intellectual property-policy consideration-national and international perspectives; competing rationales for protection of intellectual property rights
• Intellectual property rights as human right; determining financial value of intellectual property rights; negotiating payments terms in intellectual property transaction; intellectual property rights in the cyber world

Intellectual property rights: Laws and practices: Unit 02

• Copyrights; trademarks; patents; designs; utility models; trade secrets and geographical; indications; biodiversity and IPR

Intellectual property rights: Laws and practices: Unit 03

• Introduction to the leading international instruments concerning intellectual property rights; the Berne convention; universal copyright convention; the Paris convention, patent cooperation treaty; TRIPS
• The World Intellectual Property Organization (WIPO) and the UNESCO

Intellectual property rights: Laws and practices: Unit 04

• Introduction to patent law; Paris convention; patent cooperation treaty; WTO-TRIPS; harmonisation of CBD and TRIPs

Intellectual property rights: Laws and practices: Unit 05

• An overview; concept of patent; product/ process patents and terminology; the patents act, 1970; amendments to the patents act; patentable subject matter, patentability criteria; duration of patents-law and policy consideration; elements of patentability
• Novelty and non obviousness (inventive steps and industrial application; non- patentable subject matter; procedure for filing of patent application and types of applications; procedure for opposition; revocation of patents
• Ownership and maintenance of patents; assignment and licensing of patents; working of patents- compulsory licensing; patent agent-qualification and registration procedure

Intellectual property rights: Laws and practices: Unit 06

• Patent offices in India; importance of patent information in business development; patent search through internet, patent databases

Intellectual property rights: Laws and practices: Unit 07

• Lab notebooks/ log books/ record books; methods of invention disclosures; patent application and its contents; writing of the patent document

Intellectual property rights: Laws and practices: Unit 08

• Publication of patent applications; request for examination; process for examination and prosecution; reissue and re-examination

Intellectual property rights: Laws and practices: Unit 09

• Literal infringement; doctrine of equivalence and doctrine of colourable variation; contributory infringement; defences to infringement including experimental use; inequitable conduct; patent misuse; legal aspects (act, rules, and procedures)

Intellectual property rights: Laws and practices: Unit 10

• Software and business method patenting in India and other jurisdiction; patentable inventions with special reference to biotechnology products entailing creation of new forms of life

Intellectual property rights: Laws and practices: Unit 11

• Introduction to trademarks; the rationale of protection of trademark as-(a) an aspect of commercial and, (b) of consumer rights; definition and concept of trademarks
• Kinds of marks (brand names, logos, signatures, symbols, well known marks, certification marks and service marks); international legal instruments on trademarks; Indian trademarks law (the trade and merchandise marks act, 1958 and trademarks act, 1999)
• Non registrable trademarks; procedure for registration of trademarks; opposition procedure; procedural requirements of protection of trademarks; content of the rights, exhaustion of rights; assignment/ transmission/ licensing of trademarks
• Infringement of trademarks and right of goodwill; passing off action; offences and penalties; international conventions-Madrid protocol; domain names-(domain names and effects of new technology (internet); WIPO internet domain name process)

Intellectual property rights: Laws and practices: Unit 12

• Introduction to copyright-conceptual basis; international protection of copyright and related rights-an overview (international convention/ treaties on copyright); nature of copyright; Indian copyright law; the copyright act, 1957 with its amendments
• Copyright works; author and ownership of copyright; rights conferred by copyright; assignment, transmission, licensing of copyrights; neighbouring rights; infringement of copyrights; remedies and actions for infringement of copyrights
• Copyright societies, office, board, registration of copyrights and appeals; international conventions; copyright pertaining to software/ internet and other digital media; remedies, especially, possibility of anton pillar injunctive relief in India

Intellectual property rights: Laws and practices: Unit 13

• Need for protection of industrial designs; subject matter of protection and requirements; what is a registrable design; what is not a design; novelty and originality; procedure for registration of designs; copyright under design; assignment
• Transmission, licenses; procedure for cancellation of design; infringement; remedies

Intellectual property rights: Laws and practices: Unit 14

• Geographical indications-concept of appellations of origin, indication of source and geographical indication; international conventions/ agreements; the geographical indications of goods (registration and protection) act, 2000; procedure for registration
• Duration of protection and renewal; infringement, penalties and remedies

Intellectual property rights: Laws and practices: Unit 15

• The semiconductor integrated circuits layout-design act, 2000; conditions and procedure for registration; duration and effect of registration; assignment and transmission

Intellectual property rights: Laws and practices: Unit 16

• The protection of plant varieties and farmers rights act, 2001; protection of plant varieties and farmers’ rights, authority and registry; registration of plant varieties and essentially derived variety; duration
• Effect of registration and benefit sharing; surrender and revocation of certificate; farmers’ rights; plant varieties protection appellate tribunal; infringement, offences, penalties, and procedure

Intellectual property rights: Laws and practices: Unit 17

Intellectual property rights: Laws and practices: Unit 18

• Competition and confidentiality issues, antitrust laws; assignment of intellectual property rights; technology transfer agreements; intellectual property issues in the sale of business; care and maintenance of confidential information
• Legal auditing of intellectual property; due diligence of intellectual property rights in a corporate transaction; management and valuation of intellectual property

Intellectual property rights: Laws and practices: Unit 19

Forensic audit: Unit 01

• What is fraud: Meaning and definition under the companies act, 2013 and criminal procedure code, 1973; elements of fraud; what is audit; forensic audit; need and objectives; fraud and forensic audit; forensic audit vis-a-vis audit

Forensic audit: Unit 02

• Modern day scenario: Fundamentals of forensic audit; fraud related concepts; kinds of frauds; corporate frauds: An insight; live cases; directors’ responsibilities

Forensic audit: Unit 03

• Tools for handling forensic audit and the role of company secretary; investigation mechanism; field investigations; methods of investigations; red flags; green flags

Forensic audit: Unit 04

• Information technology and business laws; international laws and practices; UK bribery act and US foreign corrupt practices act; Indian laws; ICSI anti bribery code

Forensic audit: Unit 05

• Finding facts; relevant facts; admission of evidence; methods to prove cases

Forensic audit: Unit 06

• Introduction to cyber crime; international guidance to cyber forensics laws; digital forensics and cyber laws; introduction to data extraction; digital forensics and cyber crime; ethical hacking, digital incident response
• Case laws: Indian and international

Forensic audit: Unit 07

Direct tax laws and practice: Unit 01

• Background, important definitions, residential status, basis of charge, scope of total income, tax rates in accordance with the applicable finance act for the relevant assessment year

Direct tax laws and practice: Unit 02

• Salary-coverage, employer and employee relationship, allowances, monetary and non-monetary perquisites-valuation and taxability, profits in lieu of salary, deductions against salary
• Incomes exempt from tax and not includible in ‘salary’, deduction to be made from salary in respect of provident fund under the provisions of the provident fund and miscellaneous provisions of act 1952
• Tax treatment of employers’ contribution to provident fund, tax deducted at source on salary income and compliances, practical case studies

Direct tax laws and practice: Unit 03

• Chargeability, owner of house property, determination of annual value, deduction from net annual value, treatment of unrealized rent, arrears of rent, exemptions, computation of income from a let out house property, self-occupied property
• Practical case studies

Direct tax laws and practice: Unit 04

• Business and profession-an overview, chargeability, profits and losses of speculation business, deductions allowable, expenses disallowed, deemed profits u/s 41, maintenance of accounts, tax audit, presumptive base taxation, practical case studies

Direct tax laws and practice: Unit 05

• Chargeability, capital gains, capital assets and transfer, types of capital gains, mode of computation of capital gains, exemptions and deduction, special provision-slump sale, compulsory acquisition, fair market value, reference to valuation officer
• Practical case studies

Direct tax laws and practice: Unit 06

• Taxation of dividend u/s 2(22) (a) to (e), provisions relating to gifts, deductions, other miscellaneous provisions, practical case studies

Direct tax laws and practice: Unit 07

• Incomes not included in total income, tax holidays, clubbing of income, aggregation of income, set off and/ or carry forward of losses, deductions (general and specific), rebates and reliefs

Direct tax laws and practice: Unit 08

Direct tax laws and practice: Unit 09

• Tax deduction at source ‘TDS' and tax collection at source ‘TCS’, advance tax and self-assessment tax ‘SAT', returns, signatures, e-filing, interest for default in furnishing return of income, collection, recovery of tax, and refunds, assessment, appeals
• Revisions, settlement of cases, penalties, etc, assessment, appeals and revisions, settlement of cases, penalties, offences and prosecution, practical case studies

Direct tax laws and practice: Unit 10

• Tax planning, tax management and tax avoidance through legitimate tax provisions, various avenues, practical case studies

Direct tax laws and practice: Unit 11

• Double taxation avoidance agreement ‘DTAA’, residency issues, tax heaven, controlled foreign corporation (CFC), concept of permanent establishment, business connection, general anti avoidance rules ‘GAAR’, advance ruling-practical aspect
• Transfer pricing-an overview, practical case studies

Direct tax laws and practice: Unit 12

• Practical case studies, case laws, case studies, and practical aspects

Labour laws and practice: Unit 01

• Fundamental rights vis-a-vis labour laws, equality before law and its application in labour laws, equal pay for equal work; and article-16 and reservation policies, articles 19, 21, 23, and 24 and its implications

Labour laws and practice: Unit 02

• Aims and objects; cooperation between governments and employers’ and workers’ organizations in fostering social and economic progress; setting labour standards, developing policies and devising programmes to promote decent work

Labour laws and practice: Unit 03

• The factories act, 1948; contract labour (regulation and abolition) act, 1970; the building and other constructions workers’ (regulation of employment and conditions of service) act, 1996; the mines act, 1952
• The working journalists and other newspapers employees (conditions of service) and miscellaneous provisions act, 1955; the weekly holidays act, 1942; sexual harassment of women at workplace (prevention, prohibition, and redressal) act, 2013
• The child and adolescent labour (prohibition and regulation) act, 1986

Labour laws and practice: Unit 04

• Industrial disputes act, 1947 (downsizing, retrenchment, lay-off, bench employees and termination) and industrial discipline and domestic inquiry
• The industrial disputes (central) rules,1957; the plantation labour act, 1951; the industrial employment (standing orders) rules, 1946; industrial employment (standing orders) act, 1946; the industrial employment (standing orders) act, 1946
• Indian trade union act, 1926; the trade unions (amendments) act, 2001

Labour laws and practice: Unit 05

• Payment of wages act, 1936; minimum wages act, 1948; payment of bonus act, 1965; equal remuneration act, 1976

Labour laws and practice: Unit 06

• Employees’ compensation act, 1923; employees compensation (amendment) act, 2017; equal remuneration act, 1976; employees’ state insurance act, 1948; employees’ provident funds and miscellaneous provisions act, 1952; payment of gratuity act, 1972
• Maternity benefit act, 1961; maternity benefit (amendment) act, 2017; the payment of gratuity act, 1972; the unorganized workers’ social security act, 2008; apprentices act, 1961; employment exchanges (compulsory notification of vacancies) act, 1959

Labour laws and practice: Unit 07

• simplification of procedure for furnishing returns and maintaining registers by certain establishments

Labour laws and practice: Unit 08

• Labour code on wages; labour code on industrial relations; labour code on social security and welfare; labour code on safety and working conditions

Labour laws and practice: Unit 09

Valuations and business modelling: Unit 01

• Overview of business valuation: Genesis of valuation; need for valuation; hindrances/ bottlenecks in valuation; business valuation approaches; principles of valuation (cost, price, and value)
• Purpose of valuation: M and A, sale of business, fund raising, voluntary assessment; taxation; finance; accounting; industry perspective; statutory dimension; society angle
• International valuation standards overview
• Valuation guidance resources in India
• Business valuation methods: Discounted cash flow analysis (DCF); comparable transactions method; comparable market multiples method; market valuation; economic value added approach; free cash flow to equity; dividend discount model; net asset valuation
• Business valuation methods: Relative valuation; overview of option pricing valuations
• Steps to establish the business worth: Planning and data collection; data analysis and valuation including review and analysis of financial statements; industry analysis; selecting the business valuation methods; applying the selected valuation methods
• Steps to establish the business worth: Reaching the business value conclusion
• Valuation of tangibles: Overview of valuation of immovable properties; plant and machinery; equipments; vehicles; capital work-in-progress; industrial plots; land and buildings; vessels, ships, barges, etc
• Valuation of intangibles: Definition of intangible assets; categorization of intangibles-marketing related (trademarks, trade names, certification marks, internet domains etc)
• Valuation of intangibles: Customer or supplier related (advertising agreements, licensing, royalty agreements, servicing contracts, franchise agreements)
• Valuation of intangibles: Technology related (contractual or non-contractual rights to use: Patented or unpatented technologies, databases, formulae, designs, softwares, process)
• Valuation of intangibles: Artistic related (royalties from artistic works: Plays, books, films, music)
• Accounting for share based payment (Ind AS102)
• Valuation during mergers and acquisitions
• Valuation of various magnitudes of business organizations: Large companies, small companies, start-ups, micro small and medium enterprises
• Valuation of business during distressed sale

Valuations and business modelling: Unit 02

• Introduction to business modelling: Genesis, meaning; features; significance; usage; spreadsheet techniques (effective use of spreadsheets for modelling, review of key excel functions like building macros, decisions involving time value of money)
• Introduction to business modelling: Report and analyze historical data; prepare future projections and present integrated financial statements, key financial ratios and outputs in a logical, summarized and effective manner
• Business model analysis-facets of analysis: Revenues-cash flows and their timing and revenue drivers, expenses: Cash flows and their timing, investment required through cash flow breakeven: Working capital
• Business model analysis-facets of analysis: Investment required through cash flow breakeven: maximum financing required and cash flow breakeven timing, sensitivity analysis: Key success factors, structuring and designing models

Insolvency-law and practice: Unit 01

• Bankruptcy/ insolvency-the concept; historical developments of insolvency laws in India; a brief on historical background on UK insolvency framework; US bankruptcy laws

Insolvency-law and practice: Unit 02

• Historical background; report of the bankruptcy law reforms committee, need for the insolvency and bankruptcy code, 2016; overall scheme of the insolvency and bankruptcy code; important definitions; institutions under insolvency and bankruptcy code, 2016

Insolvency-law and practice: Unit 03

• Legal provisions; committee of creditors; procedure; documentation; appearance; approval

Insolvency-law and practice: Unit 04

• Contents of resolution plan; submission of resolution plan; approval of resolution plan

Insolvency-law and practice: Unit 05

• Restructuring of equity and debt; compromise and arrangement; acquisition; takeover and change of management; sale of assets

Insolvency-law and practice: Unit 06

• Applicability for fast track process; time period for completion of fast track process; procedure for fast track process

Insolvency-law and practice: Unit 07

• Initiation of liquidation; powers and duties of liquidator; liquidation estate; distribution of assets; dissolution of corporate debtor

Insolvency-law and practice: Unit 08

• Procedure for voluntary liquidation; initiation of liquidation; effect of liquidation; appointment; remuneration; powers and duties of liquidator; completion of liquidation

Insolvency-law and practice: Unit 09

• Adjudicating authority in relation to insolvency resolution and liquidation for corporate persons; jurisdiction of NCLT; grounds for appeal against order of liquidation; appeal to supreme court on question of law
• Penalty of carrying on business fraudulently to defraud traders

Insolvency-law and practice: Unit 10

• Non-performing assets; asset reconstruction companies [ARC]; security interest (enforcement) rules, 2002; options available with banks e.g. SARFAESI, DRT, etc, application to the tribunal/ appellate tribunal

Insolvency-law and practice: Unit 11

• Introduction; is winding up and dissolution are synonymous? winding up under the companies act, 2013; powers of the tribunal; fraudulent preferences

Insolvency-law and practice: Unit 12

• Introduction; global developments; UNCITRAL legislative guide on insolvency laws; UNCITRAL model law on cross border insolvency; US bankruptcy code; world bank principles for effective insolvency and creditor rights
• ADB principles of corporate rescue and rehabilitation; enabling provisions for cross border transactions under IBC, agreements with foreign countries

Insolvency-law and practice: Unit 13

• Application for insolvency resolution process; procedural aspects; discharge order

Insolvency-law and practice: Unit 14

• Bankruptcy if insolvency resolution process fails; application for bankruptcy; conduct of meeting of creditors; discharge order; effect of discharge order

Insolvency-law and practice: Unit 15

• Background; overview of the provisions; adjudicating authority; appeal against order of drt; appeal to supreme court

Insolvency-law and practice: Unit 16

• Background; application for fresh start order; procedure after receipt of application; discharge order

Insolvency-law and practice: Unit 17

• Responsibility and accountability of insolvency practitioners; code of conduct; case laws; case studies; and practical aspects