Important Suggestions for PCC and IPCC

Students for Exams & Preparation.

Law, Ethics and Communication.
Syllabus of Paper 3 Business and Corporate
Laws:
The given below table describes weightage of marks including options

Chapters

Particulars

Avg.
Marks

CHAPTER - 1

The Indian Contract Act, 1872

15

CHAPTER - 2

The Sale of Goods Act, 1930

10

CHAPTER - 3

The India Partnership Act, 1932

10

CHAPTER - 4

The Negotiable Instruments Act, 1881

15

CHAPTER - 5

The Payment of Bonus Act, 1965

10

CHAPTER - 6

The Employees Provident Fund and

Miscellaneous Provision Act, 1952

10

CHAPTER - 7

The Cooperative Societies Act, 1912

Including the Multi-state Cooperative
Societies Act, 2002

10-15

CHAPTER - 8

The Companies Act, 1956

55

Total marks with options

135-140

Books to be Referred.
1.
2.
3.
4.
5.
6.

Study module
Compilation
N.D. Kapoor
G.K. Kapoor
RTP of upcoming exam.
Personal notes of cases and sections

General Guidelines for Law

Business Law

Start with easy Acts like Bonus or EPF. It will enhance your confidence.
Go through module first. Dont try to mug it up just understand the main
content of the topic.
Note down the important points and cases in a separate book.
Further try to complete special contracts first like quasi contracts,
bailment and pledge, indemnity and gurantee etc.. it is because most of
the questions in last exams are asked from this part only.
(The Indian Contract Act, 1872)
Dont waste too much time behind remembering cases and sections.
Its because institute wants knowledge from you about provisions regarding
particular Act
Not sections.
If you write right section but your answer is wrong than you will not get
enough marks you m ight get just half or one mark.
But if you know the provisions and your answer is right and even if dont
write the
section or case you will get 3 to 4 marks.
I tried that thing and got succeeded in it.
Institute generally asks practical questions from
this chapter and also almost in every chapter in last exam.

So if you know the theory very well but if u cant apply in practical questions
you will
get only passing marks.
So compilation will be great source in understanding what institute wants
from us
Please dont leave all the cases and sections if you have power and time to
memorize
sections and cases than please go for it.
I am not saying that they are not important. But main thing is provisions.
Just try to memorize important sections like minor-Sec.11 in
Mohiri Bibi vs Dharam das ghose.. of contract Act, 1872.
Never try to leave in option anything completely. Just read it 2 or 3 times
for reference if any part is asked from such less important parts like general
contracts in contracts. Its important because in case an easy question is
asked from this part you can answer it easily rather than leaving it.
Prepare a separate note for each chapter in which you should write the
important topics, sections and cases and amendment if any (e.g.
negotiable instruments act. In 2002) in brief which you can revise speedily
at exam time. It is because you will not be able to revise all the lengthy 8
acts in two days on exam.
I think you all have seen 3 idiots. It sends an awesome message which
says that dont be exam oriented be excellence oriented. Institute normally
wants us to be aware of general and working knowledge of different acts
not expertise so please dont think about mugging each and everything
For EPF act please write each and every answer at least 2 to 3 times in a
rough book from compilation and module. It is so because it contains very
rigid language and difficult to remember.

Corporate Law

Please go through compilation first (including PE-IIs compilation)

Then from G.K. Kapoor just go through for 1 or 2 times regarding different
small terms and definitions like share, stock, share warrant, allonge, etc.
Dont spent too much time in Company law from module as it is lengthy and
you also dont have time to complete it. It is because Institute now asks
mostly practical problems from each and every act. They hardly ask theory
and also if they ask we can attempt it easily or we can took it in option. But
please this does not mean that you should feel relax about company law.
You have to do it but in a systematic manner as I did.

From module do meetings and proceedings, dividends, borrowings, minutes

& returns. It is because that part is much easier and also important from
exam perspective.

Note:
1. Students of PCC and IPCC should not that above points are applicable to
only those points which are in their syllabus.
2. Dont follow points which are not applicable to you which is not in your
syllabus.
3. Try to understand the basic method of working with Law subject.
With Regards,
Kalpesh Chauhan.
(PE-II November 2009. Paper -3 Business & Corporate
Laws 81 Marks).