CS December, 16 Exams Papers

CS Executive
Module - I
Company Law
Economic and Commercial Laws
Tax Laws and Practice
Cost and Management Accounting

Module - II
Capital Market and Securities Law
Industrial and Labour Laws
Company Accounts and Auditing Practices

CS Professional
Module - I
Advance Company Law
Corporate Restructuring , Valuation and Insolvency
Secretarial Audit, Compliance Management and Due Diligence

Module - II
Ethics, Governance and Sustainability
Financial, Treasury and Forex Management
Information Technology and Systems Audit

Module - III
Advance Tax Laws and Practice
Drafting, Appearance and Pleadings
Optional Subjects

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Fresh Batches for CS Foundation, Executive & Professional at KCC Ludhiana

KRISHAN COMMERCE CLASSES, a leading and oldest Company Secretary Coaching Institute in Ludhiana(Punjab) is going to start Fresh Batches for CS Foundation, Executive and Professional Courses for June, 17 and December, 17 Exams at its institutes in Krishna Nagar and Phase-I, Urban Estate, Dugri, Ludhiana.
Students willing to join the classes may contact at following numbers.

Important Notes:
1. There is no mixation of June and December Batch students. Both Batches are held separately.
2. Morning and Evening Batches are available.
3. Affordable Fee Structure
4. PG Facility is also available.

Add:- B-20/1458, Krishna Nagar, Near Aarti Chowk, Ludhiana

M.No. 98887-45849, 97808-08413.

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Companies (Transfer of Pending Proceedings) Rules, 2016.

1. Short title  and  Commencement.   –  (1)  These  rules  may  be  called  the  Companies  (Transfer  of  Pending Proceedings) Rules, 2016.

(2) They shall come into force with effect from the 15th December, 2016, except rule 4, which shall come into force from 1st April, 2017.

2. Definitions.- (1) In these rules, unless the context otherwise requires-

(a)   “Code” means the Insolvency and Bankruptcy Code, 2016 (31 of 2016);`

(b)  “Tribunal”  means the National  Company Law Tribunal  constituted  under section 408 of the Companies  Act, 2013.

(2) Words and expressions  used in these rules and not defined,  but defined  in the Companies  Act, 1956 (1 of 1956) (herein referred to as the Act), the Companies Act, 2013 (18 of 2013) or the Companies (Court) Rules, 1959 or the Code shall have the meanings respectively assigned to them in the respective Act or rules or the Code, as the case may be.

3. Transfer of pending proceedings relating to cases other than Winding up.—All proceedings under the Act, including proceedings  relating  to  arbitration,  compromise,  arrangements  and  reconstruction,  other  than  proceedings relating  to winding  up on the date  of coming  into force  of these  rules shall stand  transferred  to the Benches  of the Tribunal exercising respective territorial jurisdiction:

Provided that all those proceedings which are reserved for orders for allowing or otherwise of such proceedings shall not be transferred.

4. Pending proceeding relating to Voluntary  Winding up: All applications  and petitions relating to voluntary winding up of companies pending before a High Court on the date of commencement of this rule, shall continue with and dealt with by the High Court in accordance with provisions of the Act.
5. Transfer of pending proceedings of Winding up on the ground of inability to pay debts.—(1) All petitions relating to winding up under clause (e) of section 433 of the Act on the ground of inability to pay its debts pending before a High Court, and where the petition has not been served on the respondent as required under rule 26 of the Companies (Court) Rules, 1959 shall be transferred to the Bench of the Tribunal established under sub-section (4) of section 419 of the Act, exercising territorial jurisdiction and such petitions shall be treated as applications under sections 7, 8 or 9 of the Code, as the case may be, and dealt with in accordance with Part II of the Code:

Provided  that the petitioner  shall submit  all information,  other than information  forming  part of the records

transferred in accordance with Rule 7, required for admission of the petition under sections 7, 8 or 9 of the Code, as the case may be, including details of the proposed insolvency professional to the Tribunal within sixty days from date of this notification, failing which the petition shall abate.

(2)          All cases where opinion has been forwarded by Board for Industrial and Financial Reconstruction,  for winding up of a company to a High Court and where no appeal is pending, the proceedings for winding up initiated under the Act, pursuant to section 20 of the Sick Industrial Companies (Special Provisions) Act, 1985 shall continue to be dealt with by such High Court in accordance with the provisions of the Act.

6. Transfer of  pending  proceedings  of  Winding  up  matters  on  the  grounds  other  than  inability  to  pay debts.—All  petitions filed under clauses (a) and (f) of section 433 of the Companies Act, 1956 pending before a High Court and where the petition has not been served on the respondent as required under rule 26 of the Companies (Court) Rules, 1959 shall be transferred to the Bench of the Tribunal exercising territorial jurisdiction and such petitions shall be treated as petitions under the provisions of the Companies Act, 2013 (18 of 2013).

7. Transfer  of Records.—Pursuant  to the transfer  of cases as per these rules the relevant  records shall also be transferred by the respective High Courts to the National Company Law Tribunal Benches having jurisdiction forthwith over the cases so transferred.
8. Fees not  to be  paid.—Notwithstanding anything  contained  in the  National  Company  Law  Tribunal  Rules, 2016, no fee shall be payable in respect of any proceedings transferred to the Tribunal in accordance with these rules.

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Capital Markets and Securities Laws - Practical Q & A

Practical Questions and Answers - Security Law(CS Executive)

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Difference between One Person Company and Wholly Owned Subsidiary Company

As per Section 2(62) of the Act, OPC means a company having only one person

as a member. Such member must be a natural person so it means only an individual can become a member in OPC. On the other side , wholly owned subsidiary company (WOS) is a company in which virtually entire capital is held by a company called holding company and to fulfill the requirement of minimum number of members, at least 1 share is held by nominee appointed by the holding company. So in context of capital it is somewhat similar to One Person Company, because in OPC entire capital is held by its sole member and likewise in ‘Wholly Owned Subsidiary Company’ virtually entire capital is held by one  member i.e holding company  and other member/s is/are given one share each to fulfill requirement of minimum number of members.

                   OPC can be incorporated by only an Individual who is a resident in India. It means that such member may not be the resident after the incorporation of the company. But in case of WOS , member may be individual or non-individual. So even a company may become member in case of WOS.

                In my opinion WOS should have been allowed to be registered as OPC but law makers seem to have given the benefit of OPC only to small enterpreneurs. 

            OPC must be a small company, so it means its paid up capital must not exceed Rs. 50 lacs and average Turnover not to be more than Rs. 2 crore during the last three years. But WOS is not bound by this requirement.

      OPC must be a private company, but WOS may be a private as well as public company. 

        Member of OPC is required to appoint a nominee so in case any unwarranted even , nominee may become member. Member in case of WOS company is not required to appoint nominee.

                

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CS Executive & Professional Course Results

CS FOUNDATION, EXECUTIVE & Professional Exams were conducted in June, 2016, Result of CS Foundation has already been declared in June but students of CS Executive and Professional Programme will have to wait for one more month till 25 th August. Since results for CS Executive and Professional Exams conducted in December are declared on 25th February and of June Exams are declared on 25th August.

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CS Executive Evening Batch Starting at KRISHAN COMMERCE CLASSES

CS Executive Evening Batch at KRISHAN COMMERCE CLASSES

- Starting Date - 1st July
- Faculty
# Jagdeep Arora (B.Com, CA, CS, CMA)
# Sandeep Arora (B.Com, CA, CS)
- Timing - 2.30 PM to 5 PM.
- M.No - 98887-45849
- Add:- Krishna Nagar, Near Aarti Chowk, Ludhiana

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Summary Notes of General Law (CS Executive)

General Law Subject which carries 30 marks is considered the most typical part of CS Executive due to its typical language and excessive details. It is considered tough for one more reason, topics covered under this part are not taught at Graduation level. So to resolve student’s problems up to a certain extent we have tried to summarize most typical chapter in just 23 to 24 pages. Students appearing in Second Module must download and read these notes even if they have already prepared this subject. -

Summary Notes of General Law

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CS Foundation Exams December, 2015 Results

ICSI has made an announcement regarding Company Secretary Foundation exams held in December, 2015 that results will be declared on 27th January, 2016 at 11.30 A.M. Copy of the announcement is enclosed herewith – 

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CS Exams June, 2016 Timetable

ICSI has announced timetable for the students appearing in Company Secretary Foundation, Executive and Professional Exams. Details of dates of respective exams have been given below: - 

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Last Date for Admission of CS Executive & Professional Programme December, 2015 Exams

Students are advised to note following important dates regarding admission/enrolment 
Last Date for registration of CS Executive Programme (Single Module) - 31st May, 2015
Last Date for registration of CS Professional Programme (Single Module) - 31st May, 2015

Point to Note:
1. There is no admission with late fee.
2. Students who have appeared in their final year of graduation exams can also apply for enrolment on provisional basis.
3. Student will be eligible to appear only any single module of CS Executive & CS Professional Exam.
4. If student is still facing any problem, he/she can post his query on this blog in the comment column, KCC will try to resolve the query at the earliest.

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Last Date for Submission of CS Foundation Form

Last Date for Submission of CS Foundation Enrolment/Admission Form
Last Date for Submission of Form - 31st March, 2015
Admission with Late Fee - No Such Provision
Fee - Rs. 4,500/-
Mode of Submission of Form - Online Only
Eligibility to appear - +2 Passed Student or Student appearing in +2 exams in March, 2015
Attempt Eligibility - December, 2015 Exams

See also
Passing Marks Criteria in CS Executive & CS Professional Course 
Pass Percentage of CS Executive & CS Professional Course in June & December, 2014 
Timetable for CS June, 2015 Exams 

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Passing Marks Criteria in Company Secretary Exams in CS Executive & CS Professional Course

Passing Criteria in Company Secretary Exams

CS Executive

1. Single Module – A student appearing in single module (any of two) needs to get at least 40 marks in each paper and aggregate of 50% marks in entire group.

EXEMPTION

a)      If a student fails to get 40% marks in each paper or 50% marks in aggregate, but gets 60% or more marks in any one or more papers, he will be exempted from appearing in that papers in which he got 60% or more marks.

b)      But to avail exemption under point (a) above, student must get at least 25% marks in other papers of that group.

Frequently Asked Questions by students regarding Exemption in any Paper

1. If Mr. A gets the marks in module I of CS Executive as follows:

Taxation : 62, Cost & Management A/c: 55, ECL: 58, Company Law: 28, what will be points regarding exemption?

Ans. In this case, Mr. A shall be exempted from appearing in Taxation exams in the further exams.

2. Whether in the above example, Mr. A will be required to get remaining marks to get through the exams i.e 200-62 = 138?

Ans. My answer is no, in the remaining papers, he will have to get at least 50 marks in each paper, for example if he gets 40 marks in costing, 52 marks in ECL and 46 marks in company law, now he has acquired total – 62+40+52+46 = 200 marks but he will be considered fail, because he has to get at least 50 marks in the remaining papers.

3. Suppose in the question no. 1, Mr. A got 24 marks in company law, then would the answer in 1 will remain same?

Ans. No, he will not get any exemption, because to avail exemption, student must get at least 25 marks in the remaining papers, but he got 24 marks in company law, his exemption will lapse and will have to appear in entire group in the next exams.

Both Modules

To get pass in the both modules, student must get at least 40 marks in each paper, and 50% marks in aggregate in both modules.

Different Situations when appeared in both groups simultaneously

1. Marks in 1^st Module – 40+50+50+60 = 200, Marks in Module – II – 58 + 52, 40 = 150

Ans: Aggregate is 350 i.e 50%, and minimum marks in each paper is 40, so answer is pass.

2. Marks in 1^st Module – 40+50+50+58 = 198, Marks in Module – II – 58 + 52, 42 = 152

Ans. Aggregate is 350 i.e 50%, and minimum marks in each paper is 40, so answer is pass. Noteworthy point in this case is that the student has got only 198 marks in module I , but has made up the deficiency of 2 marks from 2^nd Module by getting 152 marks, This is greatest benefit of appearing in both modules.

3. Marks in 1^st Module – 40+50+50+58 = 198, Marks in Module – II – 62 + 52, 38 = 152

Ans. Student is fail in both modules, even if he has got total 350 i.e 50% in aggregate, because he has got 38 marks in one paper of module II, he failed in IInd Module due to that benefit of 2 marks could not be transferred to module I.

CS PROFESSIONAL PROGRAM

Single Module

1. Marks – 40+50+60= 150

Ans. Student is pass.

2. Marks – 40+38+72 = 150

Ans. Fail, but exemption in third paper, now student will have to appear in only first two papers but will have to get at least 50 marks in both of these papers.

Two Modules

1. Module -  I, Marks – 40+50+60 = 150 Marks, Module II – 40+50+58 = 148 Marks

Ans: Pass in first module but fail in second module.

2. Module -  I, Marks – 40+50+62 = 152 Marks, Module II – 40+50+58 = 148 Marks

Ans. Pass in first module but fail in second module, Noteworthy point is that aggregate becomes 50% marks, but benefit of extra marks is transferred only if students appears in all the three modules.

All Three Groups

1.  Module -  I, Marks – 40+50+62 = 152 Marks, Module II – 40+50+58 = 148 Marks, Module – III – 40+50+60 = 150

Ans. Student is pass in all groups , since he has got 40% marks in each paper and 50% in aggregate, in this case, benefit of extra 2 marks in module I is transferred to Module II, so student has been able to pass the exams. This is the major benefit of appearing in all modules.

2. Module -  I, Marks – 40+50+62 = 152 Marks, Module II – 40+50+58 = 148 Marks, Module – III – 38+50+62 = 150

Ans. Pass in only Module I, Fail in Module II & III, since he is unable to get at least 40 marks in each paper, he got 38 marks in 1^st paper of Module III, he failed in IIIrd Module, so his benefit of 2 marks in Module I will not be transferred to Module II. Now he will have to avail at least 50 marks in remaining two papers in Module III & aggregate 50% marks in module II in the next Exams. 

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Pass Percentage of CS Executive & Professional Programme for June, 2014 & Dec, 2014 Exams

Comparison between pass percentage of CS Exams June, 2014 & Dec, 2014

CS Executive Old Syllabus

Modules	June, 2014	December, 2014
Module – I	17.35%	10.11%
Module – II	19.33%	10.65%

CS Executive New Syllabus

Modules	June, 2014	December, 2014
Module – I	11.35%	12.48%
Module – II	11.90%	10.25%

CS Professional Old Syllabus

Modules	June, 2014	December, 2014
Module I	33.61%	30.18%
Module II	29.86%	13.64%
Module III	16.16%	13.49%
Module IV	20.21%	18.09%

CS Professional New Syllabus

Modules	June, 2014	December, 2014
Module – I	11.09%	8.68%
Module – II	22.40%	10.63%
Module – III	12.64%	10.69%

Comparative analysis shows that result of CS Executive & Professional Course is going down attempt after attempt, so students are advised to be careful and hardworking now.     Data compiled by Jagdeep Arora  - See more at: http://www.kcctutorials.com/comparison-pass-percentage-cs-june-2014-dec-2014-exams/#sthash.CqfYLhnR.dpuf

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CS Executive & Professional Timetable for June 2015 Exams

ICSI has declared timetable for Company Secretary Exams, which is enclosed herewith. For any further information students can login to following link.    www.kcctutorials.com

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CS Executive Cost & Management Accounting December, 2014 Paper with Answers

KRISHAN COMMERCE CLASSES, a leading Company Secretary Coaching Institute in Ludhiana, which is serving the CS students for the last 8 years and leading the CS Coaching Industry, has come up with a unique feature in which students can evaluate their preparation level by appearing in the Online exams. We are giving here the CS Executive December 2014 Question Paper with solution. Students must take maximum advantage out of this facility. - See more at: http://www.kcctutorials.com/cost-accounting-paper-december-2014/#sthash.SJTONT9B.dpuf

JKRISHAN COMMERCE CLASSES, a leading Company Secretary Coaching Institute in Ludhiana, which is serving the CS students for the last 8 years and leading the CS Coaching Industry, has come up with a unique feature in which students can evaluate their preparation level by appearing in the Online exams. We are giving here the CS Executive December 2014 Question Paper with solution. Students must take maximum advantage out of this facility. - See more at: http://www.kcctutorials.com/cost-accounting-paper-december-2014/#sthash.SJTONT9B.dpuf

KRISHAN COMMERCE CLASSES, a leading Company Secretary Coaching Institute in Ludhiana, which is serving the CS students for the last 8 years and leading the CS Coaching Industry, has come up with a unique feature in which students can evaluate their preparation level by appearing in the Online exams. We are giving here the CS Executive December 2014 Question Paper with solution. Students must take maximum advantage out of this facility. - See more at: http://www.kcctutorials.com/cost-accounting-paper-december-2014/#sthash.SJTONT9B.dpuf

KRISHAN COMMERCE CLASSES, a leading Company Secretary Coaching Institute in Ludhiana, which is serving the CS students for the last 8 years and leading the CS Coaching Industry, has come up with a unique feature in which students can evaluate their preparation level by appearing in the Online exams. We are giving here the CS Executive December 2014 Question Paper with solution. Students must take maximum advantage out of this facility. - See more at: http://www.kcctutorials.com/cost-accounting-paper-december-2014/#sthash.SJTONT9B.dpuf

KRISHAN COMMERCE CLASSES, a leading Company Secretary Coaching Institute in Ludhiana, which is serving the CS students for the last 8 years and leading the CS Coaching Industry, has come up with a unique feature in which students can evaluate their preparation level by appearing in the Online exams. We are giving here the CS Executive December 2014 Question Paper with solution. Students must take maximum advantage out of this facility. - See more at: http://www.kcctutorials.com/cost-accounting-paper-december-2014/#sthash.SJTONT9B.dpuf

KRISHAN COMMERCE CLASSES, a leading Company Secretary Coaching Institute in Ludhiana, which is serving the CS students for the last 8 years and leading the CS Coaching Industry, has come up with a unique feature in which students can evaluate their preparation level by appearing in the Online exams. We are giving here the CS Executive December 2014 Question Paper with solution. Students must take maximum advantage out of this facility. - See more at: http://www.kcctutorials.com/cost-accounting-paper-december-2014/#sthash.SJTONT9B.dpuf

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CS Executive Advance Tax December, 2014 Paper with Answers

KRISHAN COMMERCE CLASSES, a leading Company Secretary Coaching Institute in Ludhiana, which is serving the CS students for the last 8 years and leading the CS Coaching Industry, has come up with a unique feature in which students can evaluate their preparation level by appearing in the Online exams. We are giving here the CS Executive December 2014 Question Paper with solution. Students must take maximum advantage out of this facility.

CS Executive - Advance Tax Paper December, 2014

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CS Executive Cost & Management Accounting December, 2014 Paper with Answers

KRISHAN COMMERCE CLASSES, a leading Company Secretary Coaching Institute in Ludhiana, which is serving the CS students for the last 8 years and leading the CS Coaching Industry, has come up with a unique feature in which students can evaluate their preparation level by appearing in the Online exams. We are giving here the CS Executive December 2014 Question Paper with solution. Students must take maximum advantage out of this facility.

CS Executive - Cost and management accounting Paper December, 2014

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Direct Entry in CS (Company Secretaries) Executive Programme

Students who has completed their graduation degree can get direct entry in CS Executive and appear in December, 2015 Examinations. Following points regarding registration to appear in December, 2015 Examination.
1. Last Date for Submission of Registration form is February 28, 2015.
2. There is no extension of this time by paying any additional fee.
3. Fee for Registration is Rs. 9,000.

For More Detail Click Here

 

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Summary Notes of Criminal Procedure Code, 1973

I am giving the summary notes of Criminal Procedure Code, which are very helpful for students appearing in exams like Company Secretary. Students can download the file given below:

Click this link to download/view Crpc Notes

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