CS Professional Important Topics Group 1

CS Professional Important Topics Group 1

CS Professional Important Topics Group 1 – Unmissable Topics

CS Professional Important Topics Group 1 (50 Most Important Topics): In this article ,We have Shared the list of important topics which should be read by every CS Professional Student before exam. These Important Topics for Group 1 acts as a check list for CS Professional Students who are preparing for group 1 as well as all three groups. We have kept special focus on subjects like Advance Company Laws and Practice , Corporate Restructuring,Valuation and Insolvency and Seceretrial Audit, Compliance Management and Due Diligence. 

CS Professional Important Topics Group 1 : Advanced Company Law and Practice

CHAPTER 1 : COMPANY FORMATION AND CONVERSION

Process of Incorporation 

OPC

Sec 8

NIDHI COMPANY     

Conversion of Companies

CHAPTER 2   PROCEDURE OF ALTERATION OF MOA AND AOA

Case laws on effect of alteration AOA                        

Procedure of change in registered office between 2 States                        

REGULATION 45 OF LODR                        

CHAPTER 3: ISSUE AND ALLOTMENT OF SECURITIES

Private placement

EPOS

Buyback                        

DVR

Sweat equity 

Bonus shares

CHAPTER 4 : ALTERATION OF SHARE CAPITAL                   

Procedure for alteration of share capital                        

Forfeiture

Surrender

Procedure for Forfeiture           

CHAPTER 5 : ISSUE AND REDEMPTION OF DEBENTURES AND BONDS 

Debenture trustee                        

Debenture Redemption Reserve                                

Procedure for Roll Over of non – convertible portion of partly convertible debt instrument under SEBI.

CHAPTER 6 : ACCEPTANCE OF DEPOSITS BY COMPANIES                     

RULE 16 , 17 ,21, 2 (1)c , 2 (1)e ,3 ,5,13,15, COMPANIES (ACCEPTANCE OF DEPOSITS) RULES 2014

CHAPTER 7 : MEMBERSHIP AND TRANSFER /TRANSMISSION OF SHARES                        

Can a member be expelled?                         

Variation of member right (106,107)                   

Transfer and transmission                        

Insider trading                        

CHAPTER 8  : KEY MANAGERIAL PERSONNEL                

Woman director                        

Disqualification of director                        

Independent director                        

Appointment of director                        

Managerial remuneration                        

Contribution to charitable, political, national defense fund                        

D & O liability and insurance      

Sec 188            

Powers of board , Political Contribution      

CHAPTER 9 : COMPANY SECRETARY

Secretarial audit                        

Functions roles and responsibilities of Company secretary                                 

Appointment of Company secretary                   

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CS Professional Important Topics Group 1 : Advance Company Law

CHAPTER 10 :MEETINGS

Quorum for all meetings, notice for all meetings   

Adjournment of meeting                     

SS 1                        

SS 2                        

Committee of the board                        

Audit committee                        

Vigil mechanism                        

Report on AGM                         

Voting through electronic means                        

Postal ballot                        

Minutes & agenda                        

CHAPTER 11: AUDITORS (INCLUDING ACCOUNTS)

Section 134 (1)                        

Internal audit                        

Casual vacancy                        

Rotation of Auditor              

Removal of Auditor                                

Appointment & reappointment of Auditor                         

Disqualification of Auditor                                 

Resignation of Auditor                  

Cost audit              

Secretarial Audit   

CARO

CHAPTER 12 : PREPARATION AND PRESENTATION OF REPORTS

Sec 134                        

Directors responsibility statement sec 134 (3) c                        

Management Discussion And Analysis Report                      

Corporate social responsibility                        

Disclosure of remuneration in Broad’s report                      

Report On Annual general meeting    

Performance Evaluation

Reporting of CSR                             

CHAPTER 13: DISTRIBUTION OF PROFITS
Procedure of declaration  and payment of dividend                                          
CHAPTER 14 : CHARGES
Procedure of charge                        

Sec 77-87                        

Consequences of non registration                        

CHAPTER 15 : INTER-CORPORATE LOANS, INVESTMENTS, GUARANTEE & SECURITY
Sec 186 

Sec 187                                          

CHAPTER 16 :E FILLING
DSC                        

DIN                    

Important terms and definitions                 

Front office vs back office                        

XBRL                           

CHAPTER 17 : STRIKING OFF NAMES OF COMPANIES
Procedure of strike off                                      

Dormant company                    

CHAPTER 18 : TRUST AND NON PROFIT ORGANISATIONS
Procedure for registration for trust and society                  

Dissolution of society

CS Professional Important Topics Group 1 :

Corporate Restructuring, Valuation and Insolvency

As CS is a professional course, students are advised to study all chapters thoroughly. Some of the CS Professional Important Topics Group 1 which should be focused mainly are listed herein below. Students are advice to read Chapters named Merger and Amalgamation , Takeover Code , Valuation Theory and Insolvency Code fully without ignoring any topic from these chapters.

Corporate Restructuring, Valuation and Insolvency : PART – A
1. Growth can be organic or inorganic.
2. Important aspects to be considered while planning or implementing corporate restructuring strategies.
3. Various types of corporate restructuring strategies.
4. Modes of Winding up.
5. Regulatory Framework of Mergers and Amalgamations
6. Regulations relating to Corporate Restructuring.
7. Sections 230 to 240 all new sections are important except 234 which has been notified recently.
8. Approvals in scheme of amalgamation.
9. Page No. 27 to 49 (March 2017 edition) most important for case laws, do not leave a single topic.
10. Reasons for Merger and Amalgamation.
11. Combinations – Thresholds.
12. Inquiry into combination by the Commission.
13. Procedure for investigation of combination.
14. Orders of Commission on certain combinations.
15. Is AS – 14 applicable to Demerger.
16. Types and methods of amalgamation.
17. Treatment of Reserves and Goodwill on Amalgamation.
18. Disclosure Requirements.
19. Ind AS-103, Business Combinations and AS-14, Accounting for Amalgamations. V.Imp.
20. Stamp Duty Payable on a Tribunal Order Sanctioning Amalgamation.
21. Incidence of Levy of Stamp Duty.
22. Amalgamation between Holding and Subsidiary Companies — Exemption from payment of Stamp Duty. V.Imp.
23. Tax Aspects of M & A.
24. Rights of minority shareholders during mergers/amalgamations/ takeovers.
25. Amalgamation between two Banking Companies.
26. Amalgamation between Govt. Companies.
27. Demerger and its types.
28. All case laws relating to Demerger.
29. Takeover and its kind.
30. Check list of Takeover important for both CRI and DD.
31. Important Regulations – 3,6,10,11,17,20,23,25,,26,27,29,30,31 important for both CRI and DD.
32. Defensive Measures.
33. Types of anti-takeover amendments.
34. Funding through various types of Financial Instruments. (Most important point E,F,H,I &J).
35. Procedure for reduction of capital.
36. Methods of Buy – Back.
37. Regulation 9, 10, 15, 17, 19 & 20.

CHAPTER 12 : PREPARATION AND PRESENTATION OF REPORTS

Sec 134                        

Directors responsibility statement sec 134 (3) c                        

Management Discussion And Analysis Report                      

Corporate social responsibility                        

Disclosure of remuneration in Broad’s report                      

Report On Annual general meeting    

Performance Evaluation

Reporting of CSR                             

CHAPTER 13: DISTRIBUTION OF PROFITS
Procedure of declaration  and payment of dividend                                          
CHAPTER 14 : CHARGES
Procedure of charge                        

Sec 77-87                        

Consequences of non registration                        

CHAPTER 15 : INTER-CORPORATE LOANS, INVESTMENTS, GUARANTEE & SECURITY
Sec 186 

Sec 187                                          

CHAPTER 16 :E FILLING
DSC                        

DIN                    

Important terms and definitions                 

Front office vs back office                        

XBRL                           

CHAPTER 17 : STRIKING OFF NAMES OF COMPANIES
Procedure of strike off                                      

Dormant company                    

CHAPTER 18 : TRUST AND NON PROFIT ORGANISATIONS
Procedure for registration for trust and society                  

Dissolution of society

Corporate Restructuring, Valuation and Insolvency : PART – B
1. Read whole chapter. Only 2 chapter 30 marks weightage.
2. Practice numerical of last 5 attempts.
3. Case Studies of these two Chapters.
Corporate Restructuring, Valuation and Insolvency : PART – C
1. The Insolvency Adjudication Process.
2. Persons who are not entitled to initiate corporate insolvency resolution.
3. Corporate Insolvency resolution process at a glance.
4. Steps and parties involved in Securitization.
5. Important Sections of SARFAESI Act – 3, 4, 9, 13, 15, 18, 31
6. Rules.
7. Case studies of this Chapter.
8. Page 398 Case law.
9. Important Sections of DRT – 19, 19A, 25, 34
10. Winding Up important Sections – 271, 272, 273, 290, 326, 327, 356
11. Liquidation Process under the Insolvency and Bankruptcy Code, 2016 [Section 33 to 54]
12. Cross border important Article – 11, 14, 19, 21
13. Certain basic terms Page 445.

 

CS Professional Important Topics Group 1 :

Secretarial Audit, Compliance Management and Due Diligence

Important Topics for All the Chapters
1)            Objectives and scope of Secretarial Audit.

2)            Secretarial Audit process.

3)            Benefits and Beneficiaries of Secretarial Audit.

4)            Scope and Functions of SSB.

5)            Procedure for issuing SS.

6)            SS – 1.

7)            Format of MR – 3.

8)            Chapter 2 (1st part) same as Company Law.

9)            Foreign Direct Investment and its Checklists.

10)          Direct investment outside India – Automatic/Approval Route.

11)          ECB.

12)          FCCB AND FCEB.

13)          Objectives and types of Due Diligence (DD).

14)          Factors to be kept in mind while conducting DD.

15)          Documents to be checked in DD process.

16)          Data Room all topics.

17)          DD v/s Audit.

18)          Checklist under SEBI (ICDR) Reg. 2009.

19)          Checklist on Major IPO Compliances.

20)          Preferential Issue.

21)          Right Issue.

22)          QIP.

23)          SME.

24)          Checklist foe compliances w.r.t. Non Convertible Debt Securities.

25)          Types of Depository Receipts.

26)          Sponsored ADR/ GDR.

27)          Regulatory framework within and outside India on issue of DR.

28)          Process of issue GDR.

29)          Checklist under Companies (Issue of GDR) Rules 2016.

30)          Issue of FCCB.

31)          IDR.

32)          Activity schedule for planning a Merger.

33)          Scheme of Amalgamation.

34)          Cultural DD and its scope.

35)          Takeover DD and its checklists.

36)          Takeover Regulations – 8, 21, 23, 25, 26, 27, 32 (Study regulations from CR also).

37)          How to determine appreciable adverse effect.

38)          Anti Competitive Agreements are Void.

39)          When Dominance gets abused.

40)          Combination Thresholds.

41)          Regulation of Combination and its Checklists.

42)          Checklist for Anti Competitive Agreements.

43)          Checklist for Abuse of Dominant position.

44)          Evaluation of appreciable adverse effect on competition.

45)          Advantages of Competition Compliance Programme.

46)          Objectives and scope of Legal DD.

47)          Legal DD process.

48)          Possible hurdles and remedial action.

49)          Need for Diligence Report.

50)          Sri Ram Food and Fertilizers case.

51)          Ganga pollution case.

52)          Why Environmental DD.

53)          Process involved in Environmental DD.

54)          Checklist on Major compliances.

55)          EIA.

56)          EMP.

57)          ISO 14001.

58)          Risk Analysis Matrix.

59)          Risk of Non compliance.

60)          Significance of corporate compliance management.

61)          Role of IT in Compliance Management.

62)          Apparent, Adequate and Absolute compliances.

63)          Compliance Programme.

 

CS Professional Important Topics 

Here we are providing subject wise important topics to CS Professional students. See below How to prepare CS Professional Module – 1 Module – 2 and Module – 3. Click below links

Module I

Module II

Module III

CS Professional Important Chapters

Important Chapters of CS Professional Exam

Here we are providing subject wise important chapters to CS Professional students. See below How to prepare CS Professional Module – 1, Module – 2, Module – 3 and Elective Papers. Click below links

Module I

Paper 1. Advanced Company Law and Practice

Paper 2. Secretarial Audit, Compliance Management and Due Diligence

Best CS Professional Books to pass CS Exams

https://cscartindia.com/2017/09/13/cs-professional-best-books-pass-cs-exams/

ICSI Past Exam Question Papers

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