Expected Questions For Nov 23 Corporate and Other Laws

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Expected Questions for Nov 23
exams
Chapter as Per ICAI Corporate Laws
Topic Sub-Topic Expected In Nov 23 Exams
1. Associate company definition
2. Foreign Company concept / definition
Preliminary
3. Dormant Company definition
4. Government Company / PFI Definition
1. Entrenchement provision
2. S.8 Company ( Amendments in and penalty of S.8 is important )
3. Alteration of Situation clause - any scenario - long pending
4. S.10A Commencement of business (Amendment)
5. OPC - Focus on Amendment areas
Incorporation of company and
6. Exceptions for subsidiary to hold shares in holding S.19
matters incidental
7. Alteration of articles and entrenchment provision
8. Section 16 - Rectification of Name (Amendment) - VERY IMPORTANT
FOR MAY 23
9. Doctines (Ultra vires/ Indoor management / Constructive notice) -
Long pending

1. Private Placement - Sub concepts - long due


2. S.447 Fraud ( Amendment) - Important
Prospectus and Allotment of 3. Shelf / Deemed prospectus / Underwriting commission - MCQ
securities
4. Variation of terms of contract or object in prospectus S.27 - Important
5. S.28 Offer of sale of sharesby certain members of company -
Important
1. S.71 - Debeture related limits of Debeture trustee and who cannot be
Debenture trustee
2. Rights (Amendment - 7 days ) Procedure or related concepts
3. S.68 - Buy back IMPORTAMT THIS TIME
Share capital and debentures - Only
4. Shares with differential Voting rights S.43 Rule 4 / Vaariation of SH
chapter where procedure related
rights S.48 PROCEDURE or individual concepts - VERY IMPORTANT
questions can come
5. Forged transfer or provision related tp transfer or transmission

6. Reduction of share capital S.66 + S.67 restrcition of company to give


loans to buy back its own shares and its exceptions - IMPORTANT
1. Exemptions to Private companies (i.e allowed to raise 100% depoisit
etc ) and general exemptions of this chapter eg: NBFC etc - IMPORTANT
FOR NOV 23
Deposits - 2. Procedure to accept deposit from members/public by eligible
company - FOCUS MORE ON SMALL CONCEPTS WITHIN THIS +
DEPOSITS FROM MEMBERS
3. Punishment for Contravention (Amendment) - Important - 76A

1. S. 84 - Intimation for appointment of receiver


2. Have a look at penalty 86A in this chapter
Charges 3. Modification of Charge S.79
4. Section 77 - Duty of company to register the charge and time limits -
IMPORTANT + S. 78 what happens if company fails to register
1. Declaration of beneficial interest S.89 & Significant beneficial Interest
S. 90 - Important
2. Annual Return S.92 - Important
3. Electronic Voting or Postal ballot is IMPORTANT for Nov 23
Management and Administration -
4. Circulation of Members Resolution S. 111
Expect more marks in may 23 from
5. Quorum / Explanatory Statement - Important
this chapter
6. Adjournment of AGM concepts (for want of quorum etc)
7. Postal Ballot voting/ Evoting
8. Concept of chairman - MCQ
9. Minutes related concepts
1. IEPF ( Important)
Dividend ( Small and important
2. S.126 Dividend in Abeyance - Important
chapter - Please read this chapter
3. S. 127 - Penalty for non payment + exceptions
fully)
4. S. 124 Unpaid dividend Account
1. Voluntary revision of FS / Board's report S. 131
2. CSR related provisions ( Amendment) - Very Important - S.135 - Asked
in May 23 , still important for NOV 23
Accounts of Company 4. Signing of FS (s.134)
5. NFRA Related concepts (Important for Nov 23 ) / XBRL Limits
6.Learn few points of contents of boards report at a glance
7. Circulation of FS for Listed companies and other companies S.136
1. MCQ - Remuneration or Auditor to attned GM
2. Penalty provisions ( Amendment) - S.147
3. Casual Vacancy or rotation of auditor concepts
Audit and Auditors 4. S. 143 ( Will be tested in Law or Audit paper) - Very Important - full
section
6. Cost Audit - Important S.148 - NOV 23 IMPORTANT
7. Removal/resignation of Auditor concepts - Full S. 140 is important
1. Rights of Pawnee ( S. 173 to 177) - Need not mug up side headings,
just understand the concepts
2. General vs particular lien
Bailment and Pledge 3. Duties and Rights of Bailor / Bailee ( They will pick any one small
concept and test that, need not mug up all side headings, just
understand these concepts)
4. Finder of Lost goods concept
1. S.132 - Liability of 2 persons concept
2. Rights of Surety Fully is Important
Indemnity and Guarentee -
3. Discharge of surety by conduct of creditor concept - S . 134 or S. 135
4. Right of surety against principal debtor ,creditor and co surety -
Important
1. Ratification of act of an agent (modes of creation by ratification)
2. Minor as an agent
3. Extent of Agent's Authority in normal and emergency situation
4. Principal's & Agent's (Personal) liability to third parties ( And mainly
Agency - Very few concepts have
exceptions of cases where agent is liable to third party is important for
been tested in exam so far - Lots of
Nov 23) - EXPECT ONE FROM THIS SECTION ESPICIALLY THOSE CASES
new ones left, small concept will be
WHERE AGENT IS LIABLE
picked and tested

5. Rights of an Agent - They will pick any one small concept anf test
that, need not mug up all side headings, just understand these concepts.
6. Sub vs Substituted agent

1. Inchaote or Ambigious instrument


2. Priviliges of Being a Holder in due course
3. Acceptor vs Acceptor vs honour & Essentials of valid acceptance of
Honor
4. Concept of Negotiation back
Negotiable Instruments Act ( 5. Foreign and inland instrument (may repeat)
Basically anything can be tested, 6. Section 143A and 148 ( Amendments) - Important
vast syllabus for the weightage) 7. Liability of Third Parties
8. Presentation of Negotiable Instruments ( All sub concepts)
9. Various types of Indorsement (Less important)
10. Discharge of Negotiable instrument by MATERIAL ALTERATION -
Important - But tested in Dec 21, have a quick look
11. Concept of Negotiation back / Accomodation Bill (May repeat)
12. types of Crossing of Cheques - IMPORTANT
1. Immovable property / Governemnt / Document definition
2. Concept of Commencement of Enactment
3. Section 16 (power to appoint / suspend ) and 19 (Official chiefs)
4. Definition of Good faith
The general Clauses Act
5. S.9 , S.10, S.11 , S.13 (Important)
6. Male includes female and Singular includes plural concept
7. S. 14 to 24 has never been tested - less important for exams - see only
if you have time.
1. Rule of Harmonious construction - Important for Nov 23
2. Elements of a document / Interpretation of deeds and document -
VERY VERY Important for Nov 23

3. Marginal Notes in Internal Aids or Foreign Decisions in External aids


Interpretation of Statutes 4. Rule of Ejesdem generis
5. Rule of Exceptional construction - when may treated as shall and
when shall treated as may is IMPORTANT
6. Heydon's Rule
7. Dictionary definition & Earlier and later laws in external aids
8. Doctrine of Noscitur a Sociis
Important Note:

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DISCLAIMER
The analysis provided here is prepared based on past attempts and prediction of the
faculty based on experience, please do not study only these topics, for your exam, you can
give more importance to these areas.

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