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All you need to know about the Company Law Paper CS Executive

The Company Law CS Executive - All you need to know - LectureKart

The CS Executive Company Law Paper - An Introduction

Company Law is Paper 2 of Module 1 in the CS Executive examination conducted by ICSI. It is one of the most difficult papers to score marks in and this is mostly because students fail to understand the pattern of the paper. Today we are going to focus on two important aspects:

  1. Break down and understand the pattern of the paper as per the latest ICSI guideline
  2. Take a look at the ICSI suggestion list in a FAQ pattern for better understanding of the paper.

So lets get started without wasting any time.

Is the CS Executive Company Law Paper subjective or objective?

The Company Law Paper consists of only subjective questions.

What are the types of questions asked in Company Law Paper?

There are two types of questions asked in the Company Law Paper:

  1. Direct Questions
  2. Case Study Based Questions

How many Case Study Based Questions and Direct Questions are asked in the Company Law Paper?

Generally, the amount of case study based questions that are asked in the Company Law Paper constitutes around 65-70% of the paper. These questions are either of 3 marks, 4 marks or 5 marks and in some cases, 8 marks. The direct questions asked in the Company Law Paper constitute around 30-35% of the paper. These questions are generally of 3 marks, 4 marks or 5 marks.

What are Case Study Based Questions & What are the different types?

In Case Study Based Questions, a scenario is given to the student. First the student has to understand the scenario, understand the provisions / precedent applicable to it. Then apply the provisions / precedent to the situation and finally reach a conclusion on that basis. 

There are two types of Case Study Based Questions:

  1. Provision based
    These are the questions that are based upon the provisions of the Companies Act, 2013, the Companies (Rules), 2014 and any circulars and notifications issued by MCA.
  2. Precedent based
    These are the questions that are based upon landmark judgements.

Do you want 100 amazing case study based questions and answers?

Order Company Law Case Studies Compiler

Written by India's Best Teacher for Company Law - CS Midhas Purohit

How many students pass in the Company Law Paper?

As per the e-journal issued by ICSI, more than 65% of the students fail to score more than 40 marks in the Company Law Paper and therefore fail the paper. Accordingly, less than 35% of the students pass the Company Law Paper.

How many students score above 60 marks in the Company Law Paper?

As per the e-journal issued by ICSI, only 2.13% of the students who attempt the exam score more than 60 marks in the paper while around 10% of the students score between 50-59 marks. The rest i.e. around 22% of the students who attempt the exam score between 40-49 marks.

How to score more in the Company Law Paper?

As a majority of the questions are in a case study pattern, it is pertinent that the student has a good understanding of how to approach these types of questions. Majority of the students who fail to score in the Company Law Paper lack understanding of these types of questions.

How to solve a case study based question?

The best way to solve case study based questions is to follow the approach created by CS Midhas Purohit. We call it the ‘PAC’ Technique. In the PAC Technique 

  • P stands for Provisions wherein the student recognizes and mentions the sections/rules applicable to the given question.
  • A stands for Applicability of the Provisions wherein the student applies the provisions mentioned above to the scenario created in the question.
  • C stands for Conclusion wherein the student concludes the answer.

This approach is guaranteed to cover all the points that an examiner is seeking. Therefore it is guaranteed to get you more marks in the exam.

Where can I find good case study based questions and solved answers?

The ICSI module does not provide case study based questions and answers. Therefore a student shall have to look for other resources in order to understand the correct way to answer case study based questions in CS Executive. There is lots of material available on the internet on case study based questions. But these are majorly prepared by inexperienced bloggers and content creators. We have seen a lot of mistakes in the answers provided by people on the internet. So you need to be very careful before you start studying from such sources.

Never rely on the answers that are NOT PREPARED by professionals and experienced teachers.

So if you are searching for good case studies with excellent answers, then you have come to the right place. LectureKart provides “The Company Law Case Study Compiler by CS Midhas Purohit For CS Executive”.

Company Law Case Study Questions and Model Answers for CS Executive by CS Midhas Purohit

It consists of 100 handpicked solved case study based questions. CS Midhas Purohit has solved these questions as per the PAC technique so that the students can familiarize themselves with the pattern. It teaches you how to write answers that will fetch you high marks in your next attempt of CS Executive Company Law Paper 2 of Module 1.

Do you want 100 amazing case study based questions and answers?

Order Company Law Case Studies Compiler

Written by India's Best Teacher for Company Law - CS Midhas Purohit

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New Training Structure of ICSI – A Step by Step Guide for CS Students

New Training Structure of ICSI - Step by Step Guide for CS Students by LectureKart
New Training Structure of ICSI - Step by Step Guide for CS Students by LectureKart

The New Training Structure of ICSI - A Step by Step Guide for CS Students

The Company Secretaries (Amendment) Regulations, 2020 has been made effective from 3rd February, 2020. On account of COVID-19 pandemic and considering the interest of the students, the council recommended for the extension of application and the period for compulsory switchover of training as prescribed under the Company Secretaries (Amendment) Regulations, 2020 was extended up to 2nd February, 2021.

The New training structure of ICSI is applicable to all the students w.e.f. 3rd February, 2021 and the old training structure shall stand discontinued. The students can start their training either after clearing their Executive examinations or after clearing Professional examinations.

Steps to be followed by CS Students under the new training structure by ICSI

STEP 1 - EDP (Total 30 Days)

  1. 15 days programme in Online Mode
  2. 15 days programme through Class (Room Mode)

Students are required to complete one month Executive Development Programme (EDP) prior to commencing 21 months Practical training. Out of one month, students may undergo 15 Days EDP through online mode (e-mode).

STEP 2 - 21 Months Practical training

Only after completion of EDP programme, you can start your training. This training should be done on whole time basis during normal working hours:

  • In a company having CS in whole time employment or any other company determined by ICSI.
  • Under Practicing Company Secretary in whole time practice/PCS firms.
  • In any other body corporate or institutions as determined by ICSI.

During training period, a trainee has to comply with the following requirements:

  1. To maintain a Training Diary which is available in all the Regional Offices and designated Chapters @ Rs.100/- (Rupees One hundred only).
  2. To submit Quarterly Reports in prescribed format on completion of every quarter.
    The trainer through the Online Mode shall submit quarterly report to the Institute regarding the progress of the Trainee. The trainer has to submit the quarterly report within 30 days of ending of each quarter.
  3. To prepare a project Report on any one of the prescribed Topic in last quarter and submit it along with Training Completion Certificate on completion of training.

A candidate will prepare a Project Report on the basis of his practical training under the guidance of his/her trainer and submit the Report to the Institute in stimulate portal. However, the trainees will be required to submit the project report at the time of Corporate Leadership Development Programme (CLDP). The Project Report shall be assessed by a panel of experts at the time of CLDP. The assessment shall be made through a five point grading system.

A total number of 52 leaves are allowed in 21 months training under New Training structure.

STEP 3 - 30 Days to 60 days CLDP

This is a residential training. A student can start his/her Corporate Leadership Development Programme (CLDP) training only after clearing their professional exams.

STEP 4 - Certificate Upload

Students will have to upload CLDP Certificate on stimulate portal

STEP 5 - The Final Step

After Approval the student can download their Training Clearance Certificate through Stimulate Portal.

Basic documents required to be executed

Appointment letter from the Trainer

Duly executed Training Agreement between the Trainer and the Trainee

Form ST-10

Frequently Asked Questions - ICSI New Training Structure

  1. I have already undergone 15 days Academic programme as per earlier/modified training structure. Should I again undergo the 30 days EDP?
    The students who have already completed their 15 days Academic Program under previous training structure or have been granted exemption there form and switching over to new training structure are exempted to undergo 15 days classroom EDP under new training structure. However, they are required to complete 15 days e-EDP program. Although, no exemptions are allowed against incomplete training programs.
  2. I registered in CS Executive in 2014 but not yet started any training. Will the new training structure be applicable to me? Student who irrespective of the date of his registration to Executive Programme or Professional Programme, has not commenced his/her training within the period as prescribed in notification ICSI/Trg/2020 dated 3rd August, 2020 which was extended up to 2nd February, 2021, shall compulsorily be switched over to New Training Structure under the CS (Amendment) Regulations, 2020 w.e.f. 3rd February, 2021.
  3. What is the time limit provided by the Institute for submitting training related documents under New Training structure as per Company Secretaries (Amendment) Regulations, 2020?
    The time limit for submission of training contract/appointment letter is 100 days from commencement/joining of their training. Any Delay in training registration with the Institute, which is more than 100 days will be considered as Dummy Training and Training of such candidates will not be considered by the Institute.
  4. What is the minimum amount of stipend payable to the students during training period under New Training structure as per Company Secretaries (Amendment) Regulations, 2020?
    Monthly Stipend to be paid is given herein:
    • If undergoing training under PCS- Minimum amount of Rs 3000/- per month
    • If undergoing training at Company/other entities- Minimum amount of Rs 4000/- per month
      However, the stipend has to be paid through Cheques or On-line Transfers only.
  5. How many transfers are allowed during the period of 21 months long term practical training under New Training structure as per Company Secretaries (Amendment) Regulations, 2020?
    Maximum 2 (two) transfers shall be permitted during the entire duration of training under New Training structure as per Company Secretaries (Amendment) Regulations, 2020.

This completes our Step by Step guide for CS Students to understand the New Training Structure of ICSI. If you have any further doubt or query, then let us know in the comments section. I will see you in the next. Till then Happy Learning.

CS Aditi Pant for CA CS CMA 11 12 Commerce Courses on LectureKart

ABOUT AUTHOR: CS ADITI PANT

Students call her "The Ocean of Knowledge" and she is a Serial Degree Grabber. As of now, she is a Practicing CS, LL.B, M.A.Eco (Gold Medal), M.Com, B.Com, M.A. English, M.A.Political Science and various diplomas from Wesleyan University, Duke University, Western Reserve University, University of Toronto & University of Melbourne. With 10+ years of teaching experience under her belt, she is among the best teachers across India for:

  • Chartered Accountancy
    • Foundation: Business Economics | Business & Commercial Knowledge
    • Inter: Economics for Finance | Auditing & Assurance
    • Final: Advanced Auditing & Professional Ethics
  • Company Secretary
    • Executive: Jurisprudence, Interpretation and General Laws | Securities Laws and Capital Market
    • Professional: Drafting, Pleadings and Appearances | Resolution of Corporate Disputes, Non-Compliance & Remedies | Corporate Funding & Listings in Stock Exchanges
  • Cost Management Accountancy
    • Foundation: Fundamentals of Economics & Management
    • Inter: Laws & Ethics | Company Accounts & Audit
    • Final: Corporate Laws & Compliances

Learn the best practices for writing answers for case study questions in CS Executive

The Ultimate Guide to Write CS Executive Company Law Case Study Questions

by CS Midhas Purohit

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ICSI CSEET Registration 2021 : All You Need To Know

CSEET Registration 2021 New Website Link for Smash Portal | LectureKart

ICSI CSEET Registration 2021 | A Step by Step Guide

The ICSI CSEET Registration process has change in 2021 with the launch of a new portal. This portal exclusively handles the registration for ICSI CSEET 2021 . This means that you can no longer register for CSEET from the old portal that was hosted on ICSI Offical Website. The new updated link for CSEET registration is available at the end of this post. Before you go ahead and register yourself for CSEET, make sure you read and understand the below steps carefully.

Steps for ICSI CSEET Registration 2021

STEP 1

How to Register for CSEET in 2021 - Step 1 | LectureKart
Click on the above image to see enlarged version.

Visit the website www.icsi.edu on your browser and look for heading “ONLINE SERVICES” in navigation menu as shown in the image above. In the dropdown list, click on the option “REGISTER FOR CSEET”. You will taken to a new webpage as shown in next step.

STEP 2

How to Register for CSEET in 2021 Step 2 | LectureKart
Click on the above image to see enlarged version.

On this page, before you click on the button “Proceed To CSEET Registration” at the bottom, make sure you check all the check-boxes as shown in the image above. Also, at this point you should have soft-copy / electronic copy of following documents with you:

  1. Your photograph.
    Maximum File size allowed is 50 KiloBytes (KB)
  2. Image of your signature.
    Maximum file size allowed is 20 KiloBytes (KB)
  3. Image of your 10th class mark sheet / pass certificate
    Maximum file size allowed is 2 MegaBytes (MB)
  4. Image of Admit card / Hall Ticket for 12th exam OR 12th class mark sheet / pass certificate
    Maximum file size allowed is 2 MegaBytes (MB)
  5. Image of Category certificate if you are eligible to avail Fee Concession.
    Maximum file size allowed is 2 MegaBytes (MB)
  6. Image of Identity Proof of any one of the following:
    Maximum file size allowed is 2 MegaBytes (MB)
    • Aadhar Card
    • Passport
    • Voter ID
    • PAN Card
    • Driving License
    • Ration Card

STEP 3

How to Register for CSEET in 2021 - Step 3 | LectureKart
Click on the above image to see enlarged version.

Now you will be asked to fill your personal details like name, surname, address, qualifications, etc. Be very careful while you fill your details. Students often make mistakes at this point and suffer at later stages due to discrepancies in their application. So read everything twice before you press the Next button at the bottom. Once done with all the details go on and press the button as shown in the above image.

STEP 4

How to Register for CSEET in 2021 Step 4 | LectureKart
Click on the above image to see enlarged version.

Once you see a page like this, make sure you write or save the Unique Request ID number somewhere safe for your reference. This step is VERY IMPORTANT. In case, something goes wrong with your application then this Unique Request ID will be the first thing you need to quote to ICSI. Once you are done with this, just click on the Next button.

STEP 5

How to Register for CSEET in 2021 Step 5 | LectureKart
Click on the above image to see enlarged version.

In this step there is no need to fill any details. This page will just show you the information about fee amount. So just check if fee amount is correct as applicable and if all is okay, click on the Next button.

STEP 6

How to Register for CSEET in 2021 Step 6 | LectureKart
Click on the above image to see enlarged version.

This is the MOST IMPORTANT step of all. You are required to upload all the required documents as explained in Step 2. Make sure that all your file sizes are within the limits.

STEP 7

How to Register for CSEET in 2021 - Step 7 | LectureKart
Click on the above image to see enlarged version.

You should now see a page like this. All the details that you provided will be summarized here. So just go through them and double check for any errors. Once you are satisfied, click on the Confirm Application button.

STEP 8

How to Register for CSEET in 2021 - Step 8 | LectureKart
Click on the above image to see enlarged version.

This step is pretty straight-forward. You need to select suitable payment mode or payment gateway to pay application fee for CSEET. After selecting your payment option click on the Next button.

STEP 9

How to Register for CSEET in 2021 - Step 9 | LectureKart
Click on the above image to see enlarged version.

At this point you will see a Transaction ID generated for your application. SAVE / NOTE THIS NUMBER DOWN. You will need this Transaction ID for any future communication with ICSI. After you have saved this number, just click on the Proceed button as shown in the image. Now you will be redirected to the payment gateway website, where you need to successfully complete the payment.

STEP 10

If all goes well and your payment completes successfully, you will receive Email & SMS from ICSI on your registered Email Address and Mobile Number. Make sure you never delete these messages and make a backup copy just to be safe. You will also receive SMS/Email regarding schedule for your upcoming attempt.

Congrats. You are now registered for CSEET. So wait no more and start your preparations to crack the exams like a cracker. If you need any further assistance with the steps mentioned above then make a Callback Request to LectureKart and we will get you going.

Do You Want to clear CSEET in First Attempt?

Join The Pareeskha CSEET Online Classes

Best online and live classes across India for CSEET.

CS Aditi Pant for CA CS CMA 11 12 Commerce Courses on LectureKart

ABOUT AUTHOR: CS ADITI PANT

Students call her "The Ocean of Knowledge" and she is a Serial Degree Grabber. As of now, she is a Practicing CS, LL.B, M.A.Eco (Gold Medal), M.Com, B.Com, M.A. English, M.A.Political Science and various diplomas from Wesleyan University, Duke University, Western Reserve University, University of Toronto & University of Melbourne. With 10+ years of teaching experience under her belt, she is among the best teachers across India for:

  • Chartered Accountancy
    • Foundation: Business Economics | Business & Commercial Knowledge
    • Inter: Economics for Finance | Auditing & Assurance
    • Final: Advanced Auditing & Professional Ethics
  • Company Secretary
    • Executive: Jurisprudence, Interpretation and General Laws | Securities Laws and Capital Market
    • Professional: Drafting, Pleadings and Appearances | Resolution of Corporate Disputes, Non-Compliance & Remedies | Corporate Funding & Listings in Stock Exchanges
  • Cost Management Accountancy
    • Foundation: Fundamentals of Economics & Management
    • Inter: Laws & Ethics | Company Accounts & Audit
    • Final: Corporate Laws & Compliances

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How To Write Amazing Answers in CA CS CMA Subjective Exam Papers

How To Write Amazing Answers in CA CS CMA Subjective Papers by CS Aditi Pant

Write flawless answers in CA CS CMA Subjective Papers

Scoring good marks in subjective papers of CA, CS and CMA is not just about knowledge, but also how you go about writing your answers. The way you present your answers on paper plays a big role in your final score. ICAI, ICSI & ICMAI expect you to write answers that not only read great but look great too.

RULE OF THUMB
Thorough studies fetch you marks in the range of 40-45, but good presentation takes you to 60+ marks OR EXEMPTION in your papers.

In this article I will teach you how to write knowledgeable and eye pleasing answers in your upcoming exams of CA, CS and CMA. Note that these techniques are equally relevant for OLD & NEW syllabus of ICSI, ICAI & ICMAI.

OK. Lets start.

The techniques discussed here can be divided into three sections, which I will discuss one by one:

  1. Theoretical Questions
  2. Practical Questions
  3. Case Study based Questions

8 Tips To Write Perfect answers for theoretical questions

Tip 1

First step is to mandatorily leave and draw margins on both sides of paper.

Tip 2

Answers should be written in point format with maximum 2 to 3 sentences in one point. Avoid long paragraphs and sentences.

Tip 3

Leave sufficient space between two points or paragraphs. Inculcate the habit of writing one answer in one page, even if the answer is over in half page. If your answer is broken/divided in two pages then it gives the impression of half answer to the paper checker. Your job is to make paper reading and checking easy for checker.

Tip 4

Every answer/point/paragraph has some important words or legal jargons. Underline them wherever possible. This makes paper checker’s work easier. Underlining the words or jargons shows your confidence and can lead you to fetch more marks.

Tip 5

Quote the Case Laws, whenever possible. I believe in simple funda,

WHEN YOU KNOW IT, FLAUNT IT

Make sure that you quote correct Case Laws. Giving reference of wrong Case Laws may lead to loosing marks.

Tip 6

Quote the Act with the year. Always remember that you quote the correct and relevant Act along with correct year or else you will end up loosing marks.

Tip 7

Emphasize more on Quality rather than Quantity. Remember ICAI, ICSI & ICMAI are Professional Bodies and they expect quality and to the point answers from you.

Tip 8

Quote the Sections, Clauses, Standards (Auditing/Accounting/Secretarial) only when you are confident about them. IF you are not sure then DON’T QUOTE IT AT ALL.

4 Tips To Write Precise answers for Practical Questions

Tip 1

As suggested earlier, leave and draw margins on both sides of paper, even if it is practical subject.

Tip 2

Have clear understanding of the various measurements/units/currencies asked in the questions. Many students get confused in this and while writing answers interchange the same. Do not leave to the imagination of paper checker for what the numbers represent in your working notes and final answer. For example, if the entire question is calculated on the basis of percentages then make sure to mention percentages everywhere. Also double underline your final answer.

Tip 3

Always write the Formulas clearly if the question demands so and preferably box the formula.

Tip 4

Always try to attempt the full paper as it increases your chances of making the average. Even if you are not fully confident about the answer, try to attempt the question as much as possible. As the saying goes, “Something is better than nothing”. Same funda applies here. Never leave a question blank. Write something (obviously logical and related to the topic asked in the question) because provision of marks for step marking are there in professional papers.

Case Study based Questions

FACTS

Find all the possible data and facts related to the case study and write it down in point-wise manner.

ANALYSIS

Use the facts and figures gathered in previous step to analyze the case from logical point of view. Make sure that you are not making any unwanted assumptions

CONCLUSION

Always end your answer with a Conclusion, where you explain the outcome of your analysis to the examiner. This leaves a good impression on your paper checker.

For an in-depth approach on HOW TO ATTEMPT CASE STUDY BASED QUESTIONS, click on the link at the end of this article. The link will take you to an amazing article written by CS Midhas Purohit on attempting case study based questions.

Final Words

It may seem daunting at first to keep so many things in mind while writing answers. But, all of this will come to you naturally if you practice these techniques on a daily basis. Initially you will make mistakes for sure. So just keep trying to learn from your mistakes and always read your answers twice after writing them. Highlight your shortcoming and rework on them. And a day will come when you will observe that your answers are almost PERFECT.

If you like this article then share it with your friends. If you have any doubt then leave a comment and I will try to answer them as soon as possible.

Happy learning 😊

CS Aditi Pant

P.S. The video version of this article is now available on YouTube. Watch the video below.

CS Aditi Pant for CA CS CMA 11 12 Commerce Courses on LectureKart

ABOUT AUTHOR: CS ADITI PANT

Students call her "The Ocean of Knowledge" and she is a Serial Degree Grabber. As of now, she is a Practicing CS, LL.B, M.A.Eco (Gold Medal), M.Com, B.Com, M.A. English, M.A.Political Science and various diplomas from Wesleyan University, Duke University, Western Reserve University, University of Toronto & University of Melbourne. With 10+ years of teaching experience under her belt, she is among the best teachers across India for:

  • Chartered Accountancy
    • Foundation: Business Economics | Business & Commercial Knowledge
    • Inter: Economics for Finance | Auditing & Assurance
    • Final: Advanced Auditing & Professional Ethics
  • Company Secretary
    • Executive: Jurisprudence, Interpretation and General Laws | Securities Laws and Capital Market
    • Professional: Drafting, Pleadings and Appearances | Resolution of Corporate Disputes, Non-Compliance & Remedies | Corporate Funding & Listings in Stock Exchanges
  • Cost Management Accountancy
    • Foundation: Fundamentals of Economics & Management
    • Inter: Laws & Ethics | Company Accounts & Audit
    • Final: Corporate Laws & Compliances

Learn the best practices for writing answers for case study questions in CS Executive

The Ultimate Guide to Write CS Executive Company Law Case Study Questions

by CS Midhas Purohit

Posted on Leave a comment

Pareeksha Premier League CS Executive Answer keys for daily practice questions

Pareeksha Premier League for CS Executive Jun 2021 Attempt ICSI

CS EXECUTIVE SLCM LECTURE 2 DAILY PRACTICE PROBLEMS ANSWER KEY

Question Number Correct Option
Question 1
Option (a)
Question 2
Option (b)
Question 3
Option (b)
Question 4
Option (d)
Question 5
Option (a)

CS EXECUTIVE SLCM LECTURE 3 DAILY PRACTICE PROBLEMS ANSWER KEY

Question Number Correct Option
Question 1
Option (a)
Question 2
Option (a)
Question 3
Option (b)
Question 4
Option (d)
Question 5
Option (b)

CS EXECUTIVE TAX LAWS LECTURE 1 & 2 DAILY PRACTICE PROBLEMS ANSWER KEY

Question Number Correct Option
Question 1
Option (a)
Question 2
Option (a)
Question 3
Option (c)
Question 4
Option (b)
Question 5
Option (c)
Question 6
Option (d)
Question 7
Option (a)
Question 8
Option (c)
Question 9
Option (a)
Question 10
Option (d)

CS EXECUTIVE TAX LAWS LECTURE 3 DAILY PRACTICE PROBLEMS ANSWER KEY

Question Number Correct Option
Question 1
Option (d)
Question 2
Option (a)
Question 3
Option (b)
Question 4
Option (c)
Question 5
Option (c)

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HOW TO WRITE ANSWERS FOR COMPANY LAW CASE STUDY QUESTIONS IN CS EXECUTIVE EXAMS UNDER ICSI NEW SYLLABUS

How to Write CS Executive Company Law Case Studies by CS Midhasya Purohit

CS EXECUTIVE CASE STUDY QUESTIONS UNDER NEW SYLLABUS BY ICSI

Writing excellent answers for CS Executive Company Law Case Studies questions is one of the most important skill for a CS aspirant. After reading this article you will write better answers in professional exams for case study type questions.

Before we begin, I assume that you have already read law subjects and remember all the provisions. Now the challenge you might be facing is to convert your knowledge of provisions into an excellent answer for a case based questions. Remember that a case based question in your professional exams tests 2 primary skills:

  1. Your capability to identify the governing law
  2. Apply the relevant legal principles to a given situation.

So the key to securing good marks in such type of questions is:

First: Remember The Law

You should have thorough knowledge of the relevant law. Identify the underlying legal issues hidden beneath the layers of facts in a problem;

Second: Understanding of The Law

Understanding of the law by applying the relevant law to the facts in question.

To conquer such questions in your exams, planning your answer plays a crucial role. In this process of planning there is no ‘right answer’ but there is what you call a ‘right approach’. So what is the right approach? We call it PAC Method in Pareeksha Commerce Academy. This method was invented by CS Midhasaya Purohit for CS Executive students.

THE PAC METHOD FOR CS EXECUTIVE COMPANY LAW CASE STUDIES QUESTIONS

  • Step 1: Identifying the Provision
  • Step 2: Apply the same to the facts
  • Step 3: Conclusion with cause & effect

Let us understand the 3 steps in some detail.

STEP 1: IDENTIFYING THE PROVISION

This is a very important step where you need to identify what the question is about from a legal point of view. While going through the question you should pay close attention to hot spots and make note of the issues for which advice is sought. Now when you write your answer make sure you deal with each identified issue separately. This will give your answer a clear structure & provide a reference points helpful for examiner. Once you have identified the issues you need to match the same with the relevant provision of law by filtering through irrelevant provisions.

STEP 2: APPLYING THE PROVISION TO THE FACTS

In this step the identified provision must be applied to the facts of the case as stated in the question. This part of the answer should focus on constructing a logical argument. So make a sensible attempt to apply the law to the factual issues.

STEP 3: CONCLUSION WITH CAUSE & EFFECT

This step is very simple, if you have followed the first two with utmost care. Conclusion of your answer need not be lengthy. It should precisely contain your advice as demanded by the question. You need to make your conclusion based on the reasons that why an issue was raised basing on the rule of law and using the judgment of relevant case laws.

LETS UNDERSTAND WITH AN EXAMPLE

Warner Ltd is an Indian Company with a net profit of ₹ 4, 7, 6 and 7 crores respectively in the last four years. Net profit of each of last four years included a dividend of ₹ 1 crore received from WB Ltd which is an Indian company. Discuss whether Warner Ltd is required to spend on CSR Activities. If yes, how much should it spend? If no, state the reasons for it.

Step 1 – Identify the provision

As per Section 135 of The Companies Act, 2013, the CSR provision is applicable to companies which fulfills any of the following criteria during the immediately preceding financial year

    • Companies having net worth of ₹500 crore or more;
    • Companies having turnover of ₹1000 crore or more;
    • Companies having a net profit of ₹5 crores or more

As per explanation to Section 135, the net profit for the purposes of this section is calculated as per the provisions of Section 198 of the Companies Act, 2013.
As per Section 198 read with CSR rules,

    • “Net profit” shall not include dividend income received from another Indian Company (which are covered under and complying with the provisions of Companies Act, 2013)
    • The 2% CSR is computed as 2% of the average net profits made by the company during the preceding three financial years.

Step 2 – Apply the Provision

    • Here, the net profit of Warner Ltd shall be calculated by deducting ₹ 1 crore which is the dividend income received from WB Ltd. Hence, the net profit for the immediately preceding financial year is ₹ 6 crore (₹7 crore- ₹1 crore) and it thus fulfils the third criteria of Section 135 for applicability of CSR.
    • Based on the above explanation, the net profit of the last 4 years is ₹3, 6, 5 and 6 crores.

Step 3 – Draw Conclusion with cause and effect

  • Warner Ltd is thus liable to spend on CSR activities as the average net profit for the immediately preceding three financial year exceeds ₹5 crores.
  • The amount required to be spent can be calculated as 2% of the average of net profits of the three immediately preceding financial years. The CSR amount to spent is 2% of (6+5+6/3) crores = 11.33 lakhs.

So now that you know how to approach CS Executive Company Law Case Studies question, why not give some questions a try. Let me know in comments section if you face any difficulty or have any queries. Happy Learning.

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WATCH THE VIDEO VERSION OF THIS ARTICLE BY CS MIDHAS PUROHIT

CS Midhas Purohit for CA CS CMA 11 12 Commerce Courses on LectureKart

ABOUT AUTHOR: CS MIDHAS PUROHIT

His students call him the champion of Company Law and he indeed is the best across India. He is also a Practicing Company Secretary and author of 2 bestseller books for CS and CA students. With 10 years of teaching experience under his belt, CS Midhas Purohit teaches

  • Business Laws (CA Foundation)
  • Corporate and Other Laws (CA Inter)
  • Corporate and Economic Laws (CA Final)
  • Company Law (CS Executive)
  • Setting up of Business Entities and Closure (CS Executive)
  • Governance, Risk Management, Compliances and Ethics (CS Professional)
  • Secretarial Audit, Compliance Management and Due Diligence (CS Professional)
  • Law & Ethics (CMA Intermediate)
  • Corporate Laws and Compliance (CMA Final)

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ICSI notifies SOP on preventive measures for conducting CS Examinations scheduled from 21 December to 30 December 2020

ICSI SOP preventive measures CS Examinations LectureKart

 

ICSI SOP FOR CS EXAMINATIONS

The ICSI SOP for CS Examinations notified the standard operating procedure on preventive measures for conducting CS Examinations scheduled to be held from 21st December to 30th December, 2020. In view of the prevalent situation of Corona Virus, the ICSI has taken all possible measures for conducting CS Examinations scheduled to be held from 21st December to 30th December, 2020 in the most safe and secured manner. The SOP on preventive measures shall be followed to contain spread of COVID-19 during conduct of CS examinations. The Institute notifies various measures to be taken by and shall be observed by all (staff, students and parents) at the Examination Centres. Firstly, physical distancing of at least 6 feet shall be followed as far as feasible. Seating of candidates in each examination room has been reduced to 12 candidates from the standard practice of seating 25 candidates earlier so that adequate social distancing can be maintained. Secondly, use of face covers/masks was made mandatory for all. It should be properly worn covering the mouth and nose throughout the time spent at Examination Centre. Secondly, use of face covers/masks was made mandatory for all. It should be properly worn covering the mouth and nose throughout the time spent at Examination Centre. Thirdly, practice of frequent hand washing with soap and/or use of alcohol-based hand sanitizers (for at least 20 seconds) has been made mandatory for all at examination centres. Fourthly, respiratory etiquette shall strictly be followed at all examination centres. This involves strict practice of covering one’s mouth and nose while coughing/sneezing with a tissue/handkerchief/flexed elbow and disposing of used tissues properly.Fifthly, self-monitoring of health shall be compulsory for all candidates and reporting of the same by submitting a ‘Self Declaration’ about their health status to the Superintendent of Examinations.

Sixthly, spitting shall be strictly prohibited.

The Institute has provided for additional staff strength, additional accommodation, sanitization, hygiene, and maintenance of social distancing for containment of COVID-19 during the conduct of CS examinations, December 2020 at examination centers. The Institute decided to open the examination centres in Metro/ Megacities in such a manner that the examination centres should cover the different and maximum parts/areas of the cities and the distance for the candidate should be possibly the minimum. The Institute also decided to further divide Bengaluru, Hyderabad, Bhubaneswar, Chennai, Mumbai, Navi Mumbai, Kolkata and Thane into zones and to increase the number of zones where zone(s) already exist in order to reduce the traveling time of examinees and overcrowding at the examination centres. The ICSI has announced that in order to become eligible for the “Opt-Out” option, such students shall be essential to submit a COVID-19 Positive report evidencing that they themselves or their immediate relatives were infected by COVID-19 during the period from 20 November 2020 to 30th December, 2020. For Official Release by ICSI Click Here

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ICSI CSEET Result November 2020

How to check ICSI CSEET Result Link and information

Check your CSEET ICSI result 2020

CSEET ICSI result 2020  declared on November 26 2020. The exam was conducted on November 21 and 22. The link to check CSEET ICSI result 2020 is available on this page. To check CSEET result, candidates need to enter the required login credentials. Candidates can download their mark sheets. The scorecard carries the subject-wise break up of the marks obtained by each student.

ICSI will announce CS result 2020 for Foundation, Executive and Professional Programmes in January 2021. Along with the result, the e-result-cum-marks statement and All India Provisional Merit List will also be released. To check the result, candidates need to enter roll number and registration number.

Click on the link below to check your result for CSEET exams conducted by ICSI. Please note that you may experience delay in opening the official ICSI result page. This is due to the heavy traffic on the website of ICSI  as the server may become too busy at times. So we recommend if you observe any delay or error on the result page, then just refresh the page. If that does not work, then wait for 5 minutes and try again. Wish you all the good luck. Team LectureKart

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ICSI Result 2020 Dates 

Candidates ICSI dates related to the declaration of result below

Events

Dates

Exam for Foundation programme 26-Dec-2020 and 27-Dec-2020
Declaration of result January 2021
Exam for Executive Programme

21-Dec-2020

22-Dec-2020

23-Dec-2020

24-Dec-2020

26-Dec-2020

27-Dec-2020

28-Dec-2020

29-Dec-2020

Announcement of result  January 2021
Professional Programme

21-Dec-2020

22-Dec-2020

23-Dec-2020

24-Dec-2020

26-Dec-2020

27-Dec-2020

28-Dec-2020

29-Dec-2020

30-Dec-2020

Declaration of resultJanuary 2021
CSEET exam

29-Aug-2020

31-Aug-2020

Declaration of result17-Sept-2020 
CSEET exam for November session

21-Nov-2020

22-Nov-2020

Declaration of result

26-Nov-2020

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Download ICSI Study Material & Modules

Download Official ICSI Modules from LectureKart
Download Official ICSI Modules from LectureKart

Download ICSI Study Material and Latest Official Modules for CSEET and CS Executive

Are you tired of searching where to Download ICSI Study Material for CSEET and CS Executive? If yes, then you have come to the right place. LectureKart have complied all the latest modules for upcoming attempt at one place. We have collated a complete list of all the official study material for you. So just click on the links and download the modules.

CS Executive: Download All Modules

CSEET: Download ICSI Study Material

The modules are zipped files. So if you are downloading these on a Laptop then just unzip the file to some place safe in your computer. If you are on a mobile phone, then just click the file and Android will automatically unzip the PDFs for you. Now go ahead and crack the CS exams like a cracker.

The study material of Executive Programme for all modules have been updated up to June 30, 2020, as applicable to  December, 2020 Examination and  have been uploaded under the New Syllabus section of the Academic Portal at ICSI Homepage.

Beloved Students, we are so glad that this article helped you in some ways. But we have one small request or lets say a tiny favor to ask from you. If you liked this article, then don’t forget to share it with your friends. Share it with your classmates. Help them learn too. Because trust us, learning is fun when done with friends and classmates. So go ahead and take the lead. Make excellent study partners by sharing this article with them.

Happy Learning.

Team LectureKart

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CSEET AUGUST 2020 ATTEMPT RESULTS UPDATE

ICSI CSEET Results Aug 2020 on LectureKart

CSEET August 2020 Results

Hello Students and Welcome to LectureKart. Our secret agents have provided us a key information about CSEET August 2020 Results. So finally the wait is over.The date of CSEET Results is out in the universe.

The Official Result Date of CSEET August, 2020 Attempt is 17 September, 2020 @2.00 pm

ICSI CSEET Aug 2020 Results | LectureKart

So now that you are over the panic phase, lets get real. Now there are two cases from here:

IF YOU PASS CSEET

So if this is your case, then congratulations and get ready for upcoming June 2021 attempt of CS Executive. Now keep in mind that CS Executive is not a piece of cake. This level of Company Secretary course requires some good amount of dedication and hard work. In case you are wondering where can you prepare for CS Executive, then you are in luck today. Just subscribe to the LectureKart Youtube Channel and stay updated.

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IF YOU DON’T PASS CSEET

Even if you don’t pass CSEET, do not loose hope. WE FALL ONLY TO RISE UP AGAIN. LectureKart is here for you with Fast Track Revision Series. We also got you covered up with our Premium Test Series. So lets crack the CSEET in next attempt like a BOSS.

Happy Learning,
Team LectureKart

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