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Corporate And Economic Laws (CEL) (Paper-13) CMA Final Group 3

Syllabus

SECTION A: CORPORATE LAWS [60%]
1. The Companies Act, 2013 - 40%
  • Company Formation and Conversion
    • Incorporation of Private Companies, Public Companies, Company Limited by guarantee and Unlimited Companies and their conversions/ reconversion/ re-registration
    • Formation of Not-for-Profit making Companies
    • Procedure relating to Foreign Companies Carrying on Business in India
    • Conversion of LLPs into Private Limited Companies and vice versa
  • Investment and loans
    • Procedure for inter-corporate loans, investments, giving off guarantee and security
    • Acceptance of deposits, renewal, repayment, default and remedies
    • Public Deposits and Debt Instruments
  • Dividends
    • Profits and Ascertainment of Divisible Profits
    • Declaration and Payment of Dividend
    • Unpaid and Unclaimed dividend – Treatment and Transfer to Investor Education and Protection Fund
  • Accounts and Audit
    • Maintenance of Books of Accounts, Safe Preservation of Records and Accounting Policies
    • Statutory Auditor, Special Auditor and Cost Auditor – Appointment, Resignation, Removal, Qualification, Disqualification, Rights, Duties and Liabilities
    • Companies Auditor Report Order (CARO) Rules
  • Board of Directors and Key Managerial Personnel
    • Directors and Key Managerial Personnel - Appointment, Reappointment, Resignation, Removal
    • Payment of Remuneration to Directors and Key Managerial Personnel and Disclosure
    • Powers of Board of Directors and Restrictions on the Powers of Directors
    • Obtaining DIN
    • Compensation for loss of office
    • Waiver of Recovery of Remuneration
    • Making loans to Directors, Disclosure of interest of a Director, Holding of Office or Place of Profit by a Director/relative
  • Board Meetings and Procedures
    • Board Meetings, Minutes and Registers
    • Corporate Governance and Audit Committee
    • Duties and Liabilities of Directors
    • Powers related to – Political Contributions
  • Inspection, Inquiry and investigation
  • Compromises, Arrangements and Amalgamations
  • Prevention of Oppression and Mismanagement
    • Majority Rule but Minority Protection
    • Prevention of Oppression and Mismanagement
2. Insolvency and Bankruptcy Code, 2016 - 10%
  • Definitions
  • Corporate Insolvency Resolution Process
  • Liquidation of a Corporate Person
  • Personal Insolvency
3. Corporate Governance and Social Responsibility and Sustainability - 10%
  • Corporate Governance Issues and Concepts
  • Corporate Governance Practices/Codes in India
  • Corporate Governance in Family Business
  • Corporate Social Responsibility – Nature of Activities, Evaluation of CSR Projects
  • Sustainability Management

SECTION B: ECONOMIC LAWS AND REGULATIONS [40%]
4. SEBI Laws and Regulations - 10%
  • Raising finance from capital markets –IPO
  • Insider Trading
  • Takeover Code
5. The Competition Act, 2002 - 5%
  • Competition – Meaning, Objectives, Extent and Applicability of:
    • Anti-Competitive Agreement
    • Abuse of Dominant Position
    • Combinations and its Regulations
  •  Competition Commission of India.
6. Foreign Exchange Management Act, 1999 - 5%
  • Salient Features of FEMA
  • Foreign Direct Investment in India (FDI) – Master Directions on FDI
  • External Commercial Borrowings, trade credit and structured obligations – Master Directions.
  • Liberalized Remittance Scheme (LRS) – Master Directions
7. Laws and Regulations related to Banking Sector - 2.5%
  • The Banking Regulation Act, 1949
  • Role of Reserve Bank of India
  • The Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002
8. Laws and Regulations related to Insurance Sector - 2.5%
  • The Insurance Act, 1938
  • The Insurance Regulatory and Development Authority Act, 1999
9. Specific Legal Provisions related to MSME Sector - 5%
  • Definition of MSME
  • Rights available to MSME, Measures for promotion of MSME under MSMED Act, 2006
10. Laws and Regulations related to Cyber Security and Data Privacy - 5%
  • Information Technology Act, 2000 and Rules framed there under, Sensitive Personal Data rules
  • Basic Principles of Data Privacy, Data Privacy and Business Intelligence
  • Cyber Crime / Cyber Frauds – Meaning, Remedies and Penalties
11. Laws and Regulations related to Anti-Money Laundering - 5%
  • The Prevention of Money Laundering Act, 2002
  • The Prevention of Money Laundering (Maintenance of Records) Rules, 2005