Quick & Easy Preparation Tips & Tricks on CA Intermediate - Corporate Law & Other Law
CA-Intermediate Exams are far off, you may be thinking. But do not get carried away by such illusions. The syllabus for CA-Intermediate Paper 2- Corporate and other Law is nothing short of vast. And you never know when time runs out too swiftly for you notice. Also, CA- Intermediate is a comparatively newer exam, introduced by ICAI under the revised scheme. Needless to say, there are more speculations about the exam than specified information. And rumors have it that CA-Intermediate is a more difficult to crack than CA-IPCC, its former counterpart.
So, to make sure you clear exam smoothly in the upcoming attempt, start studying now. Not to instil fear in you or anything, but most students fail to score passing marks in Corporate Law and Other Law. Read on to find out why, and what you can do differently to score good marks in CA-Inter Paper-2.
CA-Intermediate – Corporate Law & Other Law in a Nutshell
Total marks allotted: [100 marks]
Corporate Laws: [60 Marks]
Other Laws: [40 Marks]
Passing Marks: [40 Marks]
i. To develop an understanding of the provisions of Company Law & other legislation
ii. To acquire the ability to address application-oriented issues.
iii. To develop an understanding of rules for interpretation of statues
PART- I – CORPORATE LAW
The Companies Act, 2013 – Sections 1 to 148 (Weightage 30%-40%)
Unit -1 Preliminary, Incorporation Of Company, Prospectus and allotment of securities, Share capital and debentures. (Weightage 30%-40%)
Unit -2 Acceptance of deposits by company, Registration of Charges, Management & Administration. (Weightage 30%-40%)
Unit -3 Declaration and payment of dividend, Accounts of Companies, Audit and Auditors. (Weightage 25%-35%)
PART-II – OTHER LAW
The Indian Contract Act, 1872: (Specific contracts covered from section 123 onwards) (Weightage 25%-35%): Contract of Indemnity and Guarantee, Bailment, Pledge, Agency
The Negotiable Instruments Act, 1881: (Weightage 20%-35%) Meaning of Negotiable Instruments, Characteristics, Classification of Instruments, Different provisions relating to Negotiation, Negotiability, Assignability, Right and Obligation of parties, presentment of Instruments, Rules of Compensation
The General Clauses Act, 1897: (Weightage 20%-25%) Important Definitions, Extent and Applicability, General Rules of Construction, Powers and Functionaries, Provisions as to Orders, Rules, etc. made under Enactments, Miscellaneous
Interpretation of statutes: (Weightage 15%-25%) Rules of Interpretation of statutes, Aids to interpretation, Rules of Interpretation/construction of Deeds and Documents.
Most Important Topics:
- × Deposits
- × Incorporation
- × Share Capital
- × Dividend
- × Buy-back Prohibition
- × ESOP
- × Debentures
- × Accounts
How to Score good marks in CA-Inter Paper- 2 Corporate and other Law?
Scoring well in any paper in CA-Intermediate depends on hard work and a strategic approach. When it comes to Corporate Law & Other Laws, students make some mistakes that cost them dearly. Let’s take a look at the common mistakes that students are prone to making, and which keeps them from doing well in this paper.
- × Students start preparing late. They undermine the length and breadth of the syllabus
- × Students do not acknowledge the syllabus completely, and start studying randomly
- × They prepare in a haywire manner without considering the weightage of the topics
- × They do not update themselves with the latest amendments that apply to their attempt
- × They take to rote learning without understanding the concepts
- × They think if they cover just Company Law they can pass exams since it is allotted 60 marks
- × They neglect the Other Laws portion almost entirely
Preparation tips for CA Intermediate Paper 2 Corporate and other Law
- Start Early – Start early and finish 30 percent of your syllabus before 90 percent students start preparing. This will give you a competitive edge above your peers. Not only that, it will give you enough time to revise the provisions later.
- Make Notes As You Go – Law is one of those subjects for which you must prepare notes and maintain a concept register. It will come in handy while revising the numerous provisions.
- Focus on Company Law first – But do not ignore the other laws. The question paper is set in such a way that you have to answer a part of each question from the other laws portion, and you can’t skip as it creates negative impression on the examiner. Also, it will greatly affect your chances of scoring the minimum passing.
- Revise the important topics at least 3 times – Revise more if possible. It is crucial to do repeated rounds of revision for this subject as there is too much to remember, and it is easy to get confused. While revising, refer to your notes and practice manuals. Don’t start re-reading from the study material all over again.
- Attempt at least one mock test – Mock tests are the best way to check preparedness for the exam. In any case, it is better to make mistakes before the real exam and rectify them while there’s still time.
- Do not start with new topics too close to the exam – This is where we come back to the first preparation tip. Start early, complete as much as possible and revise what you know. But don’t start with absolutely untouched topics just a few days before the exam.
Corporate Law & Other Laws – Presentation skills for writing answers
For papers like Corporate Law & Other Laws, presentation skills are a must while writing answers. It is important to be able to arrange your answers in layers. While practicing, try to arrange your answers to talk about the provision fast, then your interpretation of the same, followed by the connection between the case in point and the provision you just discussed, and end your answer with a befitting conclusion. Do not forget to top it all with a good heading, to begin with.
Additional presentation tips:
- Your answer should be precise.
- Try to attempt those question first, where you have complete knowledge and are confident with.
- Mention relevant section in answer only if you know them correctly.
- Start writing your answer “As per Section” for pure theory based questions.
- Write provision or answer point-wise instead of paragraph.
- In Case Law based questions, never start your answer directly with `Yes’ or `No’ unless you are 100% sure. Also, try attempting these questions showcasing FACTS, ANSWER and CONCLUSION.
Follow the preparation tips and tricks in this blog post, and keep coming back to revisit the pointers from time to time. We are sure you will score well in CA-Inter Paper-2 Corporate Law & Other Laws.