Advance Company Law and Practice
This paper intends to provide an expert knowledge of the provisions of Company Law by developing an understanding of the regulation of companies and to provide a thorough knowledge of various provisions of Company Law to the students.
In this paper detailed provisions relating to incorporation and its consequences, financial structure, membership, depositories and transfer/transmission, management and control of companies, dividend, investment, loans and deposits, Board’s report and disclosures, compromise and arrangement, majority rules and minority rights, investment and borrowing, law relating to cooperatives, societies, producer companies, limited liability partnership, registers and returns, inspection and investigation, winding up of companies and trusts, an introduction of e-governance and emerging issues and concepts in Company Law, etc. have been incorporated.
For preparing this paper a thorough understanding of various provisions of the Companies Act is a must. For updation, Students are advised to read ‘Student Company Secretary’, Chartered Secretary, Bare Act, recommended books and other publications on the subjects.
Secretarial Audit, Compliance Management and Due Diligence
The prevailing business environment encompasses economic, social, environmental, cultural, governance facets, that demands the entrepreneurs and professionals, to take right strategic decisions, by analysing each of the said facts in a scientific manner.
Due diligence and compliance management helps in analysing these aspects taking into consideration the nature of the business, type of industry etc., and identifies the potential issues, advantages and gaps that help in arriving at a right strategic decision.
Further, the aspects such as secretarial audit and secretarial standards accentuate the governance platform and compliance management.While this study lesson covers broader aspects of due diligence, secretarial standards, secretarial audit, compliance management etc.,
What ICSI expects from students?
• Reading secretarial standards from SS 1 to SS10.
• Be aware of regulatory changes.
• Be aware of nature of the business, types of industry, technology etc., broadly. It requires reading of economic dailies on a day-to-day basis.
• The understanding business environment in the context of strategic decisions.
• Understanding the environmental, cultural, social issues in a business transaction, besides economic impact.
• Developing application oriented linking of regulatory provisions with the business that requires due diligence.
• Reading case studies on transactions that require due diligence. For example. Mergers, takeovers etc.
For updation, Students are advised to read ‘Student Company Secretary’, Chartered Secretary, Bare Act, recommended books and other publications on the subjects.
Corporate Restructuring, Valuation and Insolvency
The economic roller-coaster necessitates the business organisations to be prepared during prosperity as well as the recession. The businesses are required to devise strategies taking into consideration, the changing expectations of stakeholders, increasing regulatory requirement, global competition and the speed of change. Some business strategies work out well both during economic prosperity and recession which includes restructuring strategies such as Mergers, Acquisitions, Takeovers, demergers, revival, restructuring etc.,
This process involves a lot of technical, cultural, taxation, legal, financial matters during the process of business transition through the said strategies. It includes valuation of the business, calculation of swap ratio, drafting of the scheme of arrangement, pre/post diligence, cultural integration, tax benefits etc. As the subject is tilted towards practical aspects of the business, the specialisation of these subjects gives more scope for the students not only in terms of passing the examination but also during their transition from students to members of getting a better start in their professional entry
What ICSI expects from students?
• Be thorough with the provisions of Companies Act, 2013
• Be clear about takeover process / Restructuring strategies and the disclosure requirements.
• Understand the concepts and methods of valuation of the business.
• Understand the concepts of securitization, debt recovery etc. and the related legal aspects.
• For updation, Students are advised to read ‘Student Company Secretary’, Chartered Secretary, Bare Act
Information Technology and System Audit
The paper Information Technology and System Audit is a new subject introduced at Professional Program. The objective of this paper is to create the working understanding about information Technology Act, Information System, computer hardware and software, database management. Management Information system, the Internet and related technology, Enterprise resource management, e-governance and system audit.
What ICSI expects from students?
• Study the study material thoroughly. Standard textbooks as recommended by Institute may be purchased and referred wherever required.
• Refer the Computer Vocabulary given at the end of study module.
• Connect the theoretical concepts with the practical aspects. For example, the concepts of LAN may be easily understood in the office of a practising Company Secretary whereby a trainee may be able to capture his data from any computer in the officer. Mechanism of the digital signature may be understood with the practical use of digital signature. Similarly, the applicability of other concepts may be judged.
• Use the flow diagram to get the better understanding of the subject.
• For Updation Students are advised to read ‘Student Company Secretary’, Chartered Secretary, Bare Act, recommended books and other publications on the subjects.
Financial, Treasury and Forex Management
The paper ‘Financial, Treasury and Forex Management’ has been designed to provide the conceptual clarity about the financial tools and techniques i.e financial planning, analysis, control and decision making. It provides the knowledge of derivatives, forex and treasury management to enable the students to tackle the practical situation with ease.
What ICSI expects from students?
• Keep yourself updated by reading standard textbooks, study material economic dailies and financial magazines.
• Engage in adequate practice for scoring excellent marks.
• Learn the art of applying the principles of financial management to real business situations.
• Accessing the websites of SEBI, MCX, NCDEX, NSE and BSE etc. for the updated legislative changes.
• For updation, Students are advised to read ‘Student Company Secretary’, Chartered Secretary, Bare Act, recommended books and other publications on the subjects
Ethics, Governance and Sustainability
The paper “Ethics, Governance and Sustainability” flows out of the ICSI Mission to develop high calibre professionals facilitating good corporate governance. Company Secretaries are seen as Chief Governance Officers in corporate. Accordingly, the paper has been devised to give deep insight into the governance function, the inherent relevance of ethics in corporate functioning and the issues and challenges of sustainability and also non-financial reporting.
What ICSI expects from students?
• Develop an understanding and appreciation of the ethical dimension of corporate functioning.
• Understand the evolution of Corporate Governance Norms.
• Understand the Corporate Governance norms applicable to different types of corporate and the underlying reason behind the prescriptions.
• Learn about Corporate Governance prescriptions in other jurisdictions.
• Learn about the relevance and role of the various stakeholders of a corporate.
• Develop an understanding of the sustainability issues and how these affecting an organisation.
• Learn, how to prepare sustainability reports.
• For updation. Students are advised to read ‘Student Company Secretary’, Chartered Secretary, Bare Act, recommended books and other publications on the subjects.
Advance Tax Laws and Practice
The paper “Advanced Tax Laws and Practice” have been devised with a view to providing Expert Knowledge of Direct Tax laws i.e. Income Tax and Indirect Tax Laws i.e. Central Excise, Customs, Service Tax and VAT.
Since, expert knowledge is required at the professional programme covering all the aspects of tax laws namely tax planning in income tax and wealth tax, indirect taxes and international taxation, therefore, candidates are required to read thoroughly the whole subject. The students appearing in this paper shall also keep following points into consideration.
What ICSI expects from students?
• Adopt practical approach while studying the subject as this paper has practical applicability.
• Try more and more practical problems.
• Try to understand the subject by interpreting the bare acts.
• Keep a watch on CBDT and CBEC Notification/circulars issued time to time. Keep updated with the budgetary changes.
• Keep updated about the Apex Court’s, High Court and Tribunal decisions.
• Engage yourself in practical work like Registration under
Drafting, Appearances and Pleading
The paper Drafting, Appearances and Pleadings has been included in the syllabus with a view to equipping the students with legal drafting abilities, legal framework pertaining to appearances before various tribunals / quasi-judicial bodies and the basic understanding of the principles of pleadings.
The course contents have been designed as to provide practical orientation and develop necessary acumen in drafting legal documents. A student while preparing for this paper must have knowledge of substantive and procedural laws as well as judicial pronouncements.
The paper warrants the students to master the principles and applications of drafting and pleadings, and also to keep themselves abreast of latest developments by regularly resorting to the reading of at least one of the leading English Newspapers and additional source materials concerning the corporate world.
What ICSI expects from students?
• Answer the questions with a due emphasis on the provisions of law.
• Support your answers and conclusions with proper reasoning.
• Answers should be based on judicial pronouncement/ relevant legal provisions.
• Thoroughly cover the study material to convince the examiner effectively.
• For updation, Students are advised to read ‘Student Company Secretary’, Chartered Secretary, Bare Act, recommended books and other publications on the subjects.
thanks
gud plan to study in better way..