As per the proposed syllabus, following subjects will be included in CS executive / inter level. It is expected that the new syllabus will be implemented from 1st February 2018 on wards and first examination under new syllabus will be conducted on December 2018.
Subjects/papers under each module are given below
Module 1
- Paper 1 – Jurisprudence, Interpretation and General Laws
Sources of Law – Constitution of India – Interpretation of Statutes – General Clauses Act, 1897 – Administrative Laws – Law of Torts – Limitation Act, 1963 – Civil Procedure Code, 1908 – Indian Penal Code, 1860 – Criminal Procedure Code, 1973 – Indian Evidence Act, 1872 – Special Courts, Tribunals under Companies Act & Other Legislations – Arbitration and Conciliation Act, 1996 – Indian Stamp Act, 1899 – Registration Act, 1908 : Registration of Documents – Right to Information Act, 2005 – Information Technology Act, 2000
- Paper 2 – Company Law
Part I : Company Law, Principles & Concepts (50 Marks)
Introduction to Company Law – Shares and Share Capital – Members and Shareholders – Debt Instruments – Charges – Distribution of Profits – Corporate Social Responsibility – Accounts, Audit and Auditors – Transparency and Disclosures – Inter-Corporate Loans, Investments, Guarantees and Security,
Related Party Transactions – Registers and Records – An overview of Corporate Reorganization – Introduction to MCA 21 and filing in XBRL – Global Trends and Developments in Company Law
Part II: Company Administration and Meetings – Law and Practices (40 Marks)
Board Constitution and its Powers – Directors – Key Managerial Personnel (KMP’s) and their Remuneration – Meetings of Board and its Committees – General Meetings – Virtual Meetings
Part III : Company Secretary as a Profession (10 Marks)
Legal framework governing Company Secretaries – Secretarial Standards Board – Mega Firms
- Paper 3 – Setting up of Business Entities and Closure
Part A : Setting up of Business (40 Marks)
Choice of Business Organization – Company – Charter documents of Companies – Legal status of Registered Companies – Limited Liability Partnership – Other forms of business organizations – Institutions Not For Profit & NGOs – Financial Services Organization – Start-ups – Joint Ventures; Special Purpose Vehicles – Setting up of Business outside India – Conversion of existing business entity
Part B : Registration; Licenses & Compliances (35 Marks)
Various Initial Registrations and Licenses – Maintenance of Registers and Records – Identifying laws applicable to various Industries and their initial compliances – Intellectual Property laws – Compliances under Labour Laws – Compliances relating to Environmental laws
Part C : Insolvency; Winding up & Closure of Business (25 Marks)
Dormant Company – Strike off and restoration of name of the company and LLP – Insolvency Resolution process; Liquidation and Winding-up
- Paper 4 – Tax Laws
Part I : Direct Taxes (50 marks)
Direct Taxes at a Glance – Basic concepts of Income Tax – Incomes which do not form part of Total Income – Computation of Income under Various Heads – Clubbing provisions and Set Off and / or Carry Forward of Losses – Deductions from Gross Total Income & Rebate and Relief – Computation of Total Income and Tax Liability of various entities – Classification and Tax Incidence on Companies – Procedural Compliance – Assessment, Appeals & Revision
Part II : Indirect Taxes (50 marks)
Goods and Service Tax
Concept of Indirect Taxes at a glance – Basics of GST – Concept of Time, Value & Place of Taxable Supply – Input Tax Credit & Computation of GST Liability – Overview – Procedural Compliance under GST – Basic overview IGST, UTGST and GST Compensation to States
Customs Act
Overview of Customs Act
Module 2
- Paper 5 – Corporate & Management Accounting
Part I : Corporate Accounting (60 marks)
Introduction to Financial Accounting – Introduction to Corporate Accounting – Accounting for Share Capital – Accounting for Debentures – Related Aspects of Company Accounts – Financial Statements Interpretation – Consolidation of Accounts as per Companies Act, 2013 – Corporate Financial Reporting – Cash Flow Statements – Accounting Standards (AS) – National and International Accounting Authorities – Adoption, Convergence and Interpretation of International Financial Reporting Standards (IFRS) and Accounting Standards in India
Part II : Management Accounting and Valuation (40 marks)
An Overview of Cost – Cost Accounting Records & Cost Audit under Companies Act, 2013 – Budget, Budgeting and Budgetary Control – Ratio Analysis – Management Reporting – Decision Making Tools – Valuation Principles & Framework – Valuation of Shares, Business and Intangible Assets – Accounting for Share based payments – Business and Intangible Assets – Methods of Valuation
- Paper 6 – Securities Laws & Capital Markets
Part I : Securities Laws (70 Marks)
Securities Contracts (Regulations) Act 1956 – Securities and Exchange Board of India Act, 1992 – Depositories Act, 1996 – An Overview of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 – An Overview of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – An Overview of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 – SEBI (Buyback of Securities) Regulations, 1998 – SEBI (Delisting of Equity Shares) Regulations, 2009 – An Overview of SEBI (Share Based Employee Benefits) Regulations, 2014 – An Overview of SEBI (Issue of Sweat Equity) Regulations, 2002 – SEBI (Prohibition of Insider Trading) Regulations, 2015 – Mutual Funds – Collective Investment Schemes – SEBI (Ombudsman) Regulations, 2003
Part II: Capital Market & Intermediaries (30 Marks)
Primary Market – Secondary Market – Securities Market Intermediaries
- Paper 7 – Economic, Business and Commercial Laws
Part I – Foreign Exchange Management & NBFCs (40 Marks)
Reserve Bank of India Act, 1934 – Foreign Exchange Management Act, 1999 – Foreign Exchange Transactions & Compliances – Foreign Contribution (Regulation) Act, 2010 – Foreign Direct Investments – Regulations & FDI Policy – Overseas Direct Investment: ODI Policy, foreign currency remittances – Liberalized Remittance Scheme – External Commercial Borrowings (ECB) – Foreign Trade Policy & Procedure – Non Banking Finance Companies (NBFCs) – Special Economic Zones Act, 2005
Part II – Competition Law (25 Marks)
Competition Act, 2002
Part III – Business & Commercial Laws (35 Marks)
Consumer Protection Act, 1986 – Essential Commodities Act, 1955 – Legal Metrology Act, 2009 – Transfer of Property Act, 1882 – Real Estate (Regulation and Development) Act, 2016 – Benami Transaction Prohibitions (Act) – Prevention of Money Laundering – Indian Contracts Act, 1872 – Specific Relief Act, 1963 – Sale of Goods Act, 1930 – Partnership Act, 1932 – Negotiable Instrument Act, 1881
- Paper 8 – Financial and Strategic Management
Part A: Financial Management (60 marks)
Nature and Scope of Financial Management – Capital Budgeting – Capital Structure – Sources of raising long term finance and Cost of Capital – Project Finance – Dividend Policy – Working Capital – Security Analysis – Portfolio Management
Part B: Strategic Management (40 marks)
Introduction to Management – Introduction to Strategic Management – Business Policy and Formulation of Functional Strategy – Strategic Analysis and Planning – Strategic Implementation and Control – Analysing Strategic Edge
In order to pass the executive exam, a student shall secure 40% marks in each respective paper and 50% marks in aggregate of all papers taken together.