New Detailed Syllabus of Company Secretary(CS) Executive Course

EXECUTIVE PROGRAMME

DETAILED COURSE CONTENTS UNDER NEW SYLLABUS PAPER 1: COMPANY LAW (100 Marks)

Level of Knowledge: Expert Knowledge

Objective: To acquire   knowledge and develop understanding of the regulatory framework of companies with reference to  various provisions of Companies Act and its

schedules, rules, notifications, circulars, clarifications there under including  case laws and Secretarial standards.

Contents:

1.  Introduction

•         Historical Development of Concept of Corporate Law in India

•         Company – Definition, Meaning, Nature and its Characteristics

•         Nature and Forms of Business

•         Company vis-à-vis other Forms of Business

•         Concept  of  Corporate  Personality,  Corporate  Veil,  Limited  Liability  and

Citizenship

2.  Incorporation and its Consequences

•         Types of Companies and their incorporation

•         Promoters – Meaning, Position, Duties, Rights, Responsibilities and Liabilities

•         Formation of Companies – Procedural Aspects

•         Memorandum of Association & Articles of Association and their Alteration

•         Contracts and Conversion of Companies

•         Commencement of Business

•         Doctrine of Ultra–Vires, Constructive Notice, Indoor Management, Alter Ego

3.  Financial Structure

•              Concept of Capital and Financing of Companies – Sources of Capital; Classes and Types of Shares; Equity Shares with Differential Rights; Issue of Shares at Par, Premium and Discount; Forfeiture and Surrender of Shares; Bonus Issues; Rights Issues; Issue of Sweat Equity Shares; Employees Stock Option Scheme; Private Placement; preference shares and other forms of securities

•         Alteration of Share Capital – Reduction of Capital; Buy–Back of Shares

•              Prospectus  –  Definition;  Abridged  Prospectus;  Red–Herring  Prospectus; Shelf Prospectus; Information Memorandum; Contents, Registration; Misrepresentations and Penalties

•              Debt Capital – Debentures, Debenture Stock, Bonds;    Recent Trends and Dynamics of Corporate Debt Financing; Debenture Trust Deed and Trustees; Conversion of and Redemption of Debentures

•         Securing of Debts: Charges ; Creation, Modification and Satisfaction of

Charges

•              Allotment and Certificates – General Principles and Statutory Provisions related to Allotment; Minimum Subscription; Irregular Allotment; Procedure of Issue of Share Certificates and Warrants

4.  Membership in a Company

•         Modes of Acquiring Membership

•         Rights and Privileges of Members, Register of Members

•         Dematerialisation and Rematerialisation of Securities

•         Transfer and Transmission of Securities in Physical and Dematerialized forms

•         Nomination

5.  Management and Control of Companies

•              Directors     –     Types,     Director’s     Identification     Number     (DIN), Appointment/Reappointment,  Qualifications,  Disqualifications,    Vacation  of Office, Retirement, Resignation and Removal Managing and Whole–Time Directors and Manager

•         Role and Responsibilities of Directors

•         Powers and Duties

•         Loans to Directors

•         Remuneration of Directors

•         Office or Place of Profit

•         Contracts in which Directors are Interested

•         Board of Directors and its Committees

•         Company Secretary – Appointment, Role and Responsibilities

•         Company Secretary as a  Key Managerial Personnel

•         Meetings:

 Meetings   of   Board   and   Committees   –   Frequency,   Convening, Proceedings,  Video  Conferencing  of  Board/Committee(s);  Resolution  by

Circulation; Minutes and Evidence

 General  Meetings  –  Kinds  of  Meetings;  Law,  Practice  and  Procedure

Relating  to  Convening  and  Proceedings  at  General  and  Other  Meetings; Notice, Quorum, Chairman, Proxy, Voting including Voting through Electronic Means; Resolutions, Circulation of Members’ Resolution, etc.; Postal Ballot;

Recording, Signing and Inspection of Minutes;

•              Distribution of Powers of a Company – Division of Powers between Board and General Meetings; Acts by Directors in Excess of Authority; Monitoring and Management

•              Sole   Selling   and   Buying   Agents   –   Meaning,   Appointment   and Reappointment, Removal; Powers of Central Government and Rules Framed for the Purpose

6.  Investments, Loans and Deposits

•              Law relating to making investments in and granting loans to other bodies corporate and giving guarantees and providing security

•         Acceptance of Deposits, Renewal, Repayment, Default and Remedies

7.  Accounts and Audit

•         Books of Accounts

•         Financial Statements

•         Auditors  –  Appointment,  Resignation  and  Removal;  Qualification  and

Disqualification; Rights, Duties and Liabilities

•         Audit and Auditor’s Report

•         Cost Audit and Special Audit

8.  Dividends

•         Profit and Ascertainment of Divisible Profits

•         Declaration and Payment of Dividend

•         Treatment of Unpaid and Unclaimed Dividend

•         Transfer  of  Unpaid  and  Unclaimed  Dividend  to  Investor  Education  and

Protection Fund

9.  Board’s Report and Disclosures

•         Contents and Annexures to Board’s Report

•         Directors’ Responsibility Statement – Preparation and Disclosures

•         Compliance Certificate – Need and Purpose; Issue and Signing by Practicing

Company Secretary

•         Corporate Governance Report

10.Registers, Forms and Returns

•         Statutory Books and Registers prescribed under various provisions of the

Company Law – Maintenance, Authentication Place of Keeping  and Inspection

•         Filing of various Forms and Returns with the Authorities

•         Procedure and Penalties for Delayed Filing

•         Annual Return – Nature and Significance; Contents; and Certification

11.Inspection and Investigation

•         Inspection of Documents

•         Powers of the Inspector

•         Seizure of Books And Documents

•         Inspector’s Report

•         Power of the Registrar of Companies

•         Investigation into Affairs of the Company

12.Majority Rule and Minority Rights

•         Law relating to Majority Powers and Minority Rights

•              Shareholder  Remedies  –  Actions  by  Shareholders;  Statutory  Remedies; Personal Actions

•         Prevention of Oppression and Mis-Management

13.                Merger, De-merger, Amalgamation, Compromises and Arrangements – An Overview

14.Producer Companies

•         Concept, Formation, Functioning and Dissolution

15.Limited Liability Partnerships

•         Concept, Formation, Membership, Functioning and Dissolution

16.Application of Company Law to Different Sectors

•         Banking

•         Insurance

•         Others

17.Offences and Penalties

•         Introduction

•         Officer in Default

•         Penalties

•         Compounding of Offences

18.Winding up of Companies – An Overview

•         Concept and Modes

•         Striking Off Name of Companies

19.An Introduction to E–Governance and XBRL

PAPER 2: COST AND MANAGEMENT ACCOUNTING (100 Marks) Level of Knowledge: Working Knowledge

Objective: To acquire knowledge and understanding of the concepts, techniques and practices of cost and management accounting and to develop skills for decision making.

Contents:

1. Introduction to Cost and Management Accounting

•    Cost Accounting: Evolution, Meaning, Objectives and Scope

•    Concepts of Costs , Classifications and Elements of Cost

•    Cost Centre and Cost Unit

•    Methods and Techniques of Costing

•    Cost Accounting Standards

•    Installation of a Costing System

•    Practical Difficulties in Installing a Costing System

•    Role of Cost Accountant in Decision Making

•    Management Accounting: Evolution, Meaning, Objectives and Scope

•    Tools and Techniques of Management Accounting

•    Relationship   of   Cost   Accounting,   Financial   Accounting,   Management

Accounting and Financial Management

•    Conflicts in Profit versus Value Maximisation Principle

•    Role of Management Accountant in Decision Making

2. Material Cost

•    Materials Control – Concept and Techniques

•      Procurement  Procedures  and  Documentation:  Methods  of  Purchasing; Procedure of Purchases, Stores and Issue of Material; Stock Verification

•    Methods  of  Pricing  of  Material:  FIFO,  LIFO,  Simple  Average,  Weighted

Average

•    Accounting and Control of Material Losses, Wastage, Scrap, Spoilage and

Defectives

•      Inventory Management: Techniques of fixing of minimum, maximum and reorder        levels,   Economic   Order   Quantity,   ABC   Analysis   ;   Stock Verificationand Perpetual Inventory

3. Labour Cost

•    Meaning and Classification of Labour Costs

•    Accounting and Control of Labour Costs

•    Time Keeping and Time Booking

•    Attendance and Payroll Procedures, Time Recording, Overtime and Idle Time

•    Labour turnover and Remedial Measures

•    Efficiency Rating Procedures; Remuneration Systems and Incentive Schemes

4.  Direct Expenses and Overheads

•      Direct Expenses: Meaning, Nature, Collection, Classification and Treatment of Direct and Indirect Expenses

•    Overheads: Meaning, Nature, Collection and Classification

 Functional Analysis: Factory, Administration, Selling, Distribution, Research and Development

 Behavioural Analysis: Fixed, Variable, Semi variable and Step Cost

•    Allocation, Apportionment, Absorption and Control of Overheads

•    Preparation of Cost Sheet

5. Activity Based Costing (ABC)

•    Meaning, Importance, Characteristics

•    Elements and Steps involved

•    ABC vs. Traditional Costing

•    Uses and Limitations

6. Cost Records

•    Cost Ledgers – Integrated Accounts and Non-Integrated Accounts

•    Reconciliation of Cost and Financial Accounts

7. Costing Systems

•    Unit and Output Costing

•    Job  Costing:  Job  Cost  Cards  ,  Collecting  Direct  Costs,  Allocation  of

Overheads and its Applications

•    Batch Costing: Features and Applications

•      Contract Costing: Features, Distinction between Job and Contract Costing, Progress Payments, Retention Money, Escalation Clause, Contract Accounts, Accounting for Material, Accounting for Plant Used in a Contract, Contract Profit and Accounting Entries

•      Process  Costing:  Features,  Applications  and  Types  of  Process  Costing, Process Loss, Abnormal Gains and Losses, Equivalent Units, Inter-Process Profit, Joint Products, By-Products and Accounting

•      Service  Costing:  Features  and  Applications,  Unit  Costing  and  Multiple Costing, Application, Identification of Cost Unit and Cost Determination and Control

8. Marginal Costing

•    Meaning, Advantages, Limitations and Applications

•    Breakeven Analysis

•    Cost-Volume Profit Analysis

•    P/V Ratio and its Significance

•    Margin of Safety

•    Absorption Costing:  System of Profit Reporting and Stock Valuation

•    Difference between Marginal Costing and Absorption Costing

•    Income Measurement under Marginal Costing and Absorption Costing

9. Standard Costing

•    Definition, Significance and Applications

•    Various Types of Standards

•    Installation of Standard Costing System-for Material, Labour, and Overhead

•    Variance  Analysis  for  Materials,  Labour  and  Overheads  and  Accounting

Treatment of Variances

•    Benchmarking for Setting of Standards

•    Variance Reporting to Management

10.       Budget, Budgeting and Budgetary Control

•    Budget Concept, Manual

•    Fixed and Flexible Budgets

•    Preparation and Monitoring of Various Types of Budgets

•    Budgetary Control System: Advantages, Limitations and Installation

•    Zero Base Budgeting

•    Programme and Performance Budgeting

11.       Cost Accounting Records and Cost Audit

•    Nature and Scope of Cost Audit

•    Cost Accounting Records and Cost Audit under Companies Act,1956

•    Purpose, Scope and Advantages of Cost Audit

•    Implementing Authorities of Cost Audit

•    Cost Audit Techniques and Programmes

•    Cost Audit Report

•    Cost Auditor – Appointment, Rights and Responsibilities

12.       Analysis and Interpretation of Financial Statements

•    Financial Statements: Nature, Attributes, Objectives, Importance, Limitations

•    Recent Trends in Presenting Financial Statements

•    Financial Statements Analysis: Types, Methods, Objectives, Limitations

•    Ratio Analysis: Accounting, Uses, Classification, Advantages, Limitations

•    Cash Flow Statement

•    Fund Flow Statement

•    Difference between Cash Flow and Fund Flow Statement

•    Management Reporting

PAPER 3: ECONOMIC AND COMMERCIAL LAWS (100 Marks)

Level of Knowledge:  Part A-Advance Knowledge

Part B- Working Knowledge

Objective: To acquire knowledge and understanding of Economic and Commercial

Laws.

Contents:

PART A: (70 Marks)

1.        Foreign Exchange Management

•               Objectives and Definitions under FEMA, 1999

•               Current Account Transactions and Capital Account Transactions

•               FDI Policy

•               Foreign Direct Investment in India and Abroad

•               Acquisition and Transfer of Immovable Property in India and Abroad

•               Establishment of Branch, Office etc. in India

•               Export of Goods and Services

•               Realization and Repatriation of Foreign Exchange

•               Authorized Person

•               Penalties and Enforcement

•               Foreign Contribution ( Regulation )Act, 2010

•               Foreign Contributions and Hospitality

•               Exemptions

•               Powers of Central Government

•               Adjudication, Appeal and Compounding

•               Offences and Penalties

2.       Foreign Trade Policy and Procedures

•               Main Features

•               Special Focus Initiatives

•               Served from India Scheme

•               Export Promotion Council

•               Vishesh Krishi and Gram Udyog Yojana

•               Focus  Market  Scheme;  Focus  Product  Scheme;  Duty  Exemption  and

Remission Schemes; Advance Authorization Scheme; DFRC; DEPB; EPCG, etc.

•               EOUs, EHTPs, STPs, BPTs and SEZs

3.       Competition and Consumer Protection

•               Concept of Competition

•               Development of Competition Law

•               Competition Policy

•                      Competition  Act,  2002  –  Anti  Competitive  Agreements,   Abuse  of Dominant  Position,  Combination,  Regulation  of  Combinations,   Competition Commission         of   India;   Appearance   before   Commission,    Compliance   of Competition Law

•               Consumer Protection Act, 1986

•               Consumer Protection in India

•               Genesis of the Law and Objects

•               Rights of Consumers

•               Nature and Scope of Remedies

•               Appearance before Consumer Dispute Redressal Forums

4.       Intellectual Property Rights

•               Introduction – GATT, WIPO and TRIPS

•               Concept and Development of Intellectual Property Law in India

•               Law and Procedure Relating to Patents, Trade Marks and Copyrights

•               Geographical Indications

•               Design Act

•               Overview of Laws Relating to Other Intellectual Property Rights

•               Intellectual Property Appellate Board

5.       Law relating to Arbitration and Conciliation

•               Introduction to UNCITRAL MODEL LAW

•               Law of Arbitration in India

•               Types of Arbitration

•               Appointment of Arbitrators – Procedure

•               Judicial Intervention

•               Venue – Commencement

•               Award – Time limit, Enforceability, Interest

•               Recourse against Award – Appeals

•               Conciliation and Compromise

•               International Commercial Arbitration ; Foreign Awards

•               Arbitration Agencies – ICADR, ICA, Chambers of Commerce, Professional

Arbitrators

•               Alternate Disputes Resolution

6.       Law relating to Transfer of Property

•               Important Definitions

•               Types of Properties

•               Movable and Immovable Property

•               Properties which cannot be Transferred

•               Rule Against Perpetuities

•               Lis Pendens

•               Provisions Relating to Sale

•               Mortgage, Charge, Lease, Gift and Actionable Claim

7.       Law relating to Stamps

•               Methods of Stamping

•               Consequences of Non-Stamping and Under-Stamping

•               Impounding of Instruments

•               Construction of Instruments for Determination of Stamp Duty Payable

•               Adjudication

•               Allowance and Refund

•               Penal Provisions

•               Concept of E-Stamping

8.       Law relating to Contract

•               Contract – Introduction

•               Legality of Objects

•               Standard Form of Contract

•               Multinational Agreement

•               E-Contracts

•               Strategies and Constraints to enforce Contractual Obligations

•                      Special Contracts: Indemnity and Guarantee; Bailment and Pledge; Law of Agency

9.       Prevention of Money Laundering

•               Genesis

•               Prevention of Money Laundering Act, 2005

•               Concept and Definitions, Various Transactions, etc.

•               Obligations of Banks and Financial Institutions

•               RBI Guidelines on KYC

PART B: (30 Marks)

10.     Law relating to Essential Commodities, Weights and Measures

•               Overview of Essential Commodities Act, 1955

•               Objects

•               Powers of Central Government

•               Seizure and Confiscation of Essential Commodities

•               Summary Trial

•               The Legal Metrology Act, 2009

11.     Law relating to Societies

•               General Concept Relating to Registration of Societies

•               Property of Societies

•               Suits by and against Societies

•               Enforcement of Judgment against Societies

•               Dissolution of Societies

12.     Law relating to Trusts

•               General Concept relating to Trusts

•               Creation of Trust

•               Duties and Liabilities of Trustees

•               Rights and Powers of Trustees, Disabilities of Trustees

•               Rights and Liabilities of the Beneficiary

13.     Industries Development and Regulation

•               Objects and Definitions

•               An Overview of Industrial Policy

•               Regulatory Mechanism under IDRA

•               The Micro, Small and Medium Enterprises Development Act, 2006

14.     Law relating to Pollution Control and Environmental Protection

•               Concept of Sustainable Development and Bio Diversity

•               Government Policy Regarding Environment

•                      Law  Relating  to  Prevention  and  Control  of  Air  Pollution  and    Water pollution

•               Environment (Protection) Act, 1986

•               National Green Tribunal

•               Appearance before Environment Tribunal/Authority

•               Public Liability Insurance Act, 1991

15.     Law relating to Registration of Documents

•               Registration of Documents – Compulsory and Optional

•               Time and Place of Registration

•               Consequences of Non-Registration

•               Description of Property

•               Miscellaneous Provisions

PAPER 4: Tax Laws & Practice (100 Marks)

Level of Knowledge:  Working Knowledge

Objective: To acquire knowledge of Information Technology Law, Information Systems and Systems Audit.

Contents:

Part A: Income Tax & Wealth Tax ( 70 Marks)

1.    Basics and Definitions – Income Tax Act, 1961

Background, Concept and Mechanism of Income Tax

Definitions, Concept of Income, Previous Year, Assessment year, Distinction between Capital and Revenue Receipts and Expenditure, Residential Status

Basis of Charge and Scope of Total Income

2.    Incomes which do not form part of Total Income

3.    Computation of Incomes under various Heads

Salaries, Income from HP, PGBP, Capital Gains, Income from Other sources

4.    Clubbing, Set-Off & Carry forward of losses, Deductions, Rebates & Reliefs

5.    Taxations of Individuals, Non-residents ,HUF, Firms, LLP, AOP, Co-operative Society, Trust, Charitable & Religious Trusts

6.    Classification & Tax incidence on Companies, Computation of Taxable Income and Assessment of Tax Liability, Dividend Distribution tax, MAT and other special provisions relating to companies

7.    TDS, TCS, Recovery and Refund of Tax, Provisions of Advance Tax

8.    Assessment Procedure , Appeals and Revisions, Penalities , Offences and Prosecution

9.    Tax Planning & Management – Concept of Tax Planning, Tax Planning with reference to setting up a New Business; Location; Nature of Business; Tax Holiday etc. Tax planning with regard to specific management decisions such as mergers and takeover, employees’ Remuneration, Voluntary retirement tax planning with reference to Financial Management Decisions such as Borrowing or investment decisions, reorganization or restructuring of capital

10. Wealth tax,1957

11. Basics Concepts of International taxation – Residency issures, Source of Income , tax heavens, withholding of tax etc.

12. Transfer pricing

13. General anti avoidance agreement

PART –B (30 Marks)

Service Tax , VAT and CST

 

PAPER 5: COMPANY ACCOUNTS AND AUDITING PRACTICES (100 Marks)

Level of Knowledge:  Advance Knowledge

Objective: To acquire knowledge and understanding of the concepts, principles and practices of company accounts and auditing in accordance with statutory requirements.

Contents:

PART A: Company Accounts (70 Marks)

1.          Share Capital Transactions

•              Issue  of  Shares:  at  Par,  at  Premium,  at  Discount,  on  Conversion  and  for consideration  other  than  Cash;  Forfeiture  and  Re-issue  of  Shares,  Buyback  of Shares, Redemption and Conversion of Preference Shares, Bonus Shares, Rights Issue, ESOPs, Sweat Equity Shares

•         Alteration of Share Capital

•         Underwriting of shares

•         Treatment  of  Profit  Prior  to  Incorporation,  Preoperative  and  Preliminary

Expenses

2.       Debentures

•              Issue of Debentures: at Par, at Premium, at Discount and for consideration other than Cash

•         Accounting Treatment and Procedures

•         Redemption of Debentures

•         Conversion of Debentures into Shares

3.       Final Accounts of Companies

•              Conceptual Framework, Preparation and Presentation of Financial Statements, Schedule VI, Interpretation and Scrutiny of Balance sheet

•         Preparation of Final Accounts under Company Law

4.       Corporate Restructuring

•         Concept and Accounting Treatment as per AS

•         Methods of Amalgamations  Accounting

     The Pooling of Interests Method

     The Purchase Method

•         Consideration

•         Treatment of Reserves, Goodwill and Pre- Acquisition & Post-Acquisition Profit

•         Accounting in the books of Transferor and Transferee

•         Merger and De-merger

•         Acquisition of Business

•         Internal Reconstruction

5.       Consolidation of Accounts

•         Holding and Subsidiary Companies - Accounting Treatment, Disclosures and

Consolidation of Accounts

6.       Valuation of Shares and Intangible Assets

•              Valuation of Shares, Methods of Valuation, Price Earning Multiple Valuation, Discounted Cash Flow (DCF) Method

•         Valuation of Intangibles: Brand, Goodwill and IPRs

7.       Liquidation of Company

•         Preparation of Statement of Affairs including Deficiency /Surplus Account

8.       Corporate Financial Reporting

•         Various Requirements of Corporate Reporting

•              Value Added Statements: Economic Value Added (EVA), Market Value Added , Shareholders’ Value Added

9.       Accounting Standards

•         Relevance and Significance

•         National and International Accounting Standards and Authorities

•         Adoption, Convergence and Interpretation of International Financial Reporting

Standards (IFRS) and Accounting Standards in India

PART B: Auditing Practices (30 Marks)

10.     Auditing Concepts

•         Nature, Scope and Significance of Auditing

•         Basic Principles Governing an Audit

•         Overview of Auditing and Assurance Standards- National and International

11.     Types of Company Audit

•         Statutory Audit

•         Internal Audit

•         Branch Audit

•         Joint Audit

•         Special Audit

•         CAG Audit

12.     Internal audit

•         Forms of Audit - Propriety Audit, Compliance Audit and Efficiency Audit

•              Nature, Scope and Techniques of Internal Audit; Functions and Responsibilities of Internal Auditors; Organisational Status of Internal Auditing Function, Internal Audit vis-à-vis Statutory Audit

13.     Internal control

•         Nature, Scope And Elements

•         Internal Control distinguished from Internal Check and Internal Audit

•         Techniques   of   Internal   Control   System,   Flow   Charts,   Internal   Control

Questionnaires

•         Steps for Internal Control and Audit Evaluation

•         Audit  Testing  –  Need  For  Sampling  and  Various  Approaches  to  Statistical

Sampling

•         Inter-Firm and Intra-Firm Comparisons – Ratio And Trend Analysis; Audit In

Depth

14.     Review of Internal Control

•         Review of Purchasing Operations

•         Review of Efficacy of Management Information System

•         Review of Selling and Distribution Policies and Programmes

•         Review of Manufacturing Operations

•         Review of Personnel Policies

•         Appraisal of Management Decisions

15.     Audit Engagement and Documentation

•         Audit Procedures: Audit Plan , Audit Programme, Vouching and Verification

•         Documentation: Audit Working Papers and Files

•         Sampling, Test Checking, Techniques of Test Checks

PAPER 6: CAPITAL MARKET AND SECURITIES LAWS (100 Marks)

Level of Knowledge:  Expert Knowledge

Objective:  To  acquire  knowledge  and  understanding  of  securities  laws  and  the regulatory framework of capital markets.

Contents:

Part A: Capital Market (60 Marks)

1.       Overview of Capital Market

•         Indian Capital Market

•         Authorities Governing Capital Markets in India

•         Profile of Securities Market

•         Securities Market Reforms and Regulatory Measures to Promote Investor

     Confidence

•         Features of Developed Capital Market: IOSCO

•         Overview of Depository System in India

2.       Capital Market Instruments and Rating

•         Capital Market Instruments: Equity, Debentures, Preference Shares, Sweat

     Equity, Non-Voting Shares, Share Warrants

•         Pure, Hybrid and Derivatives

•              Rating  and  Grading  of  Instruments:  Concept,  Scope  and  Significance,            Regulatory Framework

•         Rating Agencies in India, Rating Methodologies

3.       Securities Market Intermediaries

•              Primary Market and Secondary Market Intermediaries: Role and  Functions, Merchant Bankers, Stock Brokers, Syndicate Members, Registrars, Underwriters, Bankers         to   an   Issue,   Portfolio   Managers,   Debenture   Trustees,   Foreign Institutional     Investors,  Depositories,  Depositories   Participants,  Custodians, Credit Rating Agencies, Venture Capitalists

4.        Market Infrastructure Institutions - Stock Exchanges

•         Functions and Significance of Stock Exchanges

•         Operations and Trading Mechanism of Stock Exchanges

•              Settlement   of   Securities,   Stock   Market   Indices,   Risk   Management, Surveillance Mechanism at Stock Exchanges, Straight through Processing

•         Demutualization of Stock Exchanges

•         SME Exchange

5.       Debt Market

•         Debt Market: Instruments, Listing, Primary and Secondary Segment

6.       Money Market

•         Growth of Money Market in India – Structure and Institutional Mechanism

•         Money Market Instruments: Treasury Bills, Commercial Bills, Commercial

Paper, Factoring Agreements & Discounting of Bill

7.       Mutual Funds

•              Mutual Fund: Introduction, Definitions, Schemes, Risks Involved, Setting Up of Mutual Funds, Role in Financial Market

•         Advantage of Investment in Mutual Fund

•         Concept of Trustee and Asset Management Company

•         Legal & Regulatory Framework

•         Offer Document, Accounting Valuation & Taxation

•         Investment Management: Equity & Debt Portfolio, Measuring & Evaluating

Mutual Fund Performance

•         Investor’s Rights and Obligations

8.       Venture Capital

•         Concept of Venture Capital

•         Registration, Investment Conditions and Restrictions

•         Foreign Venture Capital Investors

•         Private Capital Funds

9.       Collective Investment Schemes

•         Regulatory Framework

•         Restrictions on Business Activities

•         Submission of Information and Documents

•         Trustees and their Obligations

10.     Resource Mobilization in International Capital Market

•         Listing of Securities Issued Outside India

     Foreign Currency Convertible Bonds

     Global Depository Receipts

     American Depository Receipts

     External Commercial Borrowings

•         Procedure for Issue of Various Instruments

11.     Indian Depository Receipts

•              Indian Depository Receipts: Procedure for Making Issue of IDRs, Conditions for Issue of IDRs, Listing of IDRs

Part B: Securities Law (40 Marks)

12.     Securities Contracts (Regulation) Act, 1956

13.     SEBI Act, 1992

•         Objective, Power and Functions of SEBI

•         Securities Appellate Tribunal, Appeals, Appearance before SAT

14.     Depositories Act, 1996

•         Definitions, Setting up of Depository, its type, Role and Functions

•         Depository Participants

•         Admission of Securities

•         Difference between Dematerialization & Rematerialisation

•         Depository Process

•         Inspection and Penalties

•         Internal Audit and Concurrent Audit of Depository Participants

15.     Issue and Listing of Securities

•         Listing of Securities

•         Issue of Capital and Disclosure Requirements (ICDR)

•         Procedure for Issue of Various Types of Shares and Debentures

•         Employee Stock Option Scheme and Employee Stock Purchase Scheme

•         Delisting of Securities

16.     Regulatory Framework relating to Securities Market Intermediaries

•              Primary Market and Secondary Market Intermediaries: Role and  Functions, Merchant Bankers, Stock Brokers, Syndicate Members, Registrars, Underwriters, Bankers         to   an   Issue,   Portfolio   Managers,   Debenture   Trustees,   Foreign Institutional Investors, Custodians, Credit Rating Agencies, Venture Capitalists

17.     An Overview of Law relating to Insider Trading and Takeovers

PAPER 7: INDUSTRIAL, LABOUR AND GENERAL LAWS (100 Marks)

Level of Knowledge: Working Knowledge

Objective: To acquire knowledge and understanding of Industrial, Labour and General

Laws.

Contents:

Part A: Industrial and Labour Laws (70 Marks)

1.       Factories Act, 1948

•         Object and Scope

•         Application and Major Provisions of the Act

2.       Minimum Wages Act, 1948

•         Object and Scope

•         Application and Major Provision of Minimum Wages Act

3.       Payment of Wages Act, 1936

•         Object and Scope

•         Application and Major Provisions of the Act

4.       Equal Remuneration Act, 1976

•         Object and Scope

•         Application and Major Provisions of the Act

5.       Employees’ State Insurance Act, 1948

•         Object and Scope

•         Application and Major Provisions of the Act

6.       Employees’ Provident Funds and Miscellaneous Provisions Act, 1952

•         Object and Scope

•         Application and Major Provisions of the Act

7.       Payment of Bonus Act, 1965

•         Object and Scope

•         Application and Major Provisions of Payment of Bonus Act

8.       Payment of Gratuity Act, 1972

•         Object and Scope

•         Application and Major Provisions of Payment of Gratuity Act

9.       Workmen’s Compensation Act, 1923

•         Object and Scope

•         Application and Major Provisions of the Act

10.     Contract Labour (Regulation and Abolition) Act, 1970

•         Object and Scope

•         Application and Major Provisions of the Act

11.     Maternity Benefit Act,1961

•         Object and Scope

•         Application and Major Provisions of the Act

12.     The Child Labour (Prohibition and Regulation) Act, 1986

•         Object and Scope

•         Application and Major Provisions of the Act

13.     Industrial Employment (Standing Orders) Act, 1946

•         Object and Scope

•         Application and Major Provisions of the Act

14.     Industrial Disputes Act, 1947

•         Object and Scope

•         Application and Major Provisions of the Act

15.     Indian Trade Union Act, 1926

•         Object and Scope

•         Application and Major Provisions of the Act

16.     The Labour Laws Exemption from Furnishing Returns and Maintaining

Register by Certain Establishments Act, 1988

•         Object and Scope

•         Application and Major Provisions of the Act

17.     Employment  Exchanges(Compulsory  Notification  of  Vacancies)  Act,

1959

•         Object and Scope

•         Application and Major Provisions of the Act

18. Apprentices Act, 1961

19. Labour Audits covering the above Acts and those Industry specific Acts

Part B:  General Laws (30 Marks)

20.     Constitution of India

•         Broad Framework of the Constitution of India: Fundamental Rights, Directive

Principles of State Policy

•         Ordinance Making Powers of the President and the Governors

•         Legislative Powers of the Union and the States

•         Freedom of Trade, Commerce and Intercourse

•         Constitutional Provisions relating to State Monopoly

•         Judiciary, Writ Jurisdiction of High Courts and the Supreme Court

•         Different  Types  of  Writs  -  Habeas  Corpus,  Mandamus,  Prohibition,  Quo

Warranto and Certiorari

•         Concept of Delegated Legislation

21.     Interpretation of Statutes

•         Need for Interpretation of a Statute

•         General Principles of Interpretation

•         Internal and External Aids to Interpretation

•         Primary and Other Rules

22.     An Overview of Law relating to Specific Relief; Limitation and Evidence

23.     Code of Civil Procedure

•         Elementary Knowledge of the Structure of Civil Courts, their Jurisdiction

•         Basic Understanding of Certain Terms - Order, Judgment and Decree,     

       Stay Of Suits, Res Judicata

•         Suits by Companies, Minors

•              Basic Understanding of Summary Proceedings, Appeals, Reference, Review and Revision

24.     Indian Penal Code and Criminal Procedure Code

•         Important Definitions and Salient Features, Mens Rea

•              Cognizable   and   Non-Cognizable   Offences,   Bail,   Continuing     

        Offences, Searches,

•         Limitation for taking Cognizance of Certain Offences

23.     Right to Information

•         Salient Features of the Right to Information (RTI) Act, 2005

•         Objective

•         Public Authorities & their Obligations

•         Designation of Public Information Officers (PIO) and their Duties

•         Request for Obtaining Information

•         Exemption from Disclosure

•         Who is excluded

•         Information Commissions (Central & State) and their Powers

•         Appellate Authorities

•         Penalties

•         Jurisdiction of Courts

•         Role of Central/State Governments