CA Final All Law notes

Law New Course - ICAI Compiled Study Module for May/Nov 2024 [Unlocked & Printable] -divyesh

🫣🫣

Examination Department The Institute of Chartered Accountants of India 2nd November, 2023 Observations of the candidates on the question papers of CA examinations- November - 2023 It is hereby informed that candidates can bring to the notice of the Examination Department, their observations, if any, on the question papers relating to Final and Intermediate Examinations being held in November 2023 by e-mail at [email protected] or by way of a letter, sent by Speed Post, at the following address, so as to reach us latest by 25th November 2023. The Institute of Chartered Accountants of India Please note that only those observations of students will be taken up for consideration who provide their following details i.e.; Name of the Student, Registration Number, Roll Number, email-id and Mobile Number. ICAI EXAMINATION DEPARTMENT

Some imp FAQ by CA Shubham Singhal :- Chapter 1 – Appointment & Qualifications of Directors 1. Whether Small Shareholder Director is required to comply with shareholding limit of Rs.20,000 ? No, SSD is not required to comply. The shareholding is irrelevant. ICAI has made error in a question. 2. Whether 1/10th of SSH or total shareholders is to be seen for appointment of SSD? 1/10th of “SSH” is to be checked. Again, ICAI made an error in one of the questions. 3. Whether SSD = ID? As per ICAI, no SSD is not same as ID 4. Whether SSD will be included in quorum count? Yes, they will be included. 5. Whether SSD will be included in total number of director for S.152? Yes, but will be considered as non-rotational. Chapter 2 – Appointment & Remuneration of Managerial Personnel 1. Whether condition of 12 months to be seen for non-resident coming to India for taking up business/employment to be appointed as KMP? Ideally, no. But ICAI has used AND interpretation in the answers. You can follow the same. 2. Can Whole time KMP be appointed in its holding company? No, the provision is only for appointment in its subsidiary company. 3. Should director’s remuneration be excluded for computation of profits as per S.198 ? No, it should be deducted to arrive at NP as per S.198. But to compute remuneration, it will be excluded. So carefully read the question, whether it is asking NP or remuneration. 4. Which section is to be generally seen for CFLO? S.202 will be generally referred if nothing specific is given. 5. Children Education Allowance, LTC – only excluded (or limit allowed) for EXPAT directors. For Indian directors, both will be fully included. Chapter 3 – Meeting & Powers of Board 1. Will interested person be counted in quorum? No. 2. All RPTs are to be approved by Audit Committee. 3. Whether investment decisions can be delegated? S.179 allows delegation, however, S.186 required investment decisions to be made with unanimous approval of BoD, and hence, S.186 will prevail over S.179 Chapter 4 – Inspection, Inquiry and Investigation 1. How to distinguish b/w S.209 and S.220? Section 209 is w.r.t inspection, whereas S.220 is w.r.t investigation. Chapter 5 – Compromises, Arrangements and Amalgamation 1. How to distinguish between S.235 and S.236? S.235 involves purchase of shares from “dissenting” shareholders in the “scheme or arrangement”. Whereas S.236 involves purchase of shares upon becoming holder of 90 percent in general. Chapter 6 – Prevention of Oppression and Mismanagement 1. Do we need to remember the name of Case Laws? If it is possible at this point, try to remember. If not, that should not be an issue. You need to just remember the essence/crux of the case. Chapter 10 – Miscellaneous Provisions 1. Appeal to Tribunal for strike off : When 3 years and when 20 years ? “Any” person aggrieved by order of Registrar files an appeal against the order – 3 years Company/member/creditor/workman aggrieved by struck off – 20 years 2. Net Owned Funds requirement of Nidhi ? Rs. 20 lakhs Chapter 14 – SEBI & SEBI (LODR) 1. Whether penalties of SEBI are important to remember ? Yes, generally one question comes around it. So try to remember it. 2. Limit for submission of report on Quarterly Corporate Governance – 21 days from end of quarter 3. Intimation of Board Meeting to SEBI calculation: a. 5 days – exclude date of meeting + date of intimation (that’s all no other exclusion) b. 2 working days - exclude date of meeting + date of intimation + weekends c. 11 working days - exclude date of meeting + weekends *Weekends – Saturday and Sunday @charteredachievers

Sundae for CA Students Tips on planning studies for the last day before exams... As Nov 23 exams are approaching nearer, sincerity and dedication towards studies is expected to be at its climax. Now, there is a strong requirement to structure your schedule properly so that one can revise the whole subject in just a 1.5-2 days gap between exams. Here are some of the actionables that need to be taken into consideration for last days before an exam: *A. Start revising FR from 26th October or latest by 28th October:* Since, exams are going to start from 1st November, FR requires minimum (if not earlier) 4 full days of revision before exam. More days are required as the subject is lengthier and since it is the first exam, having full confidence on that subject is utmost necessary. *B. Avoid social media and electronic gadgets for mind refreshment:* We often tend to use mobile or laptop to freshen up or entertain our mind after studying for a long duration. However, this (even for 5 minutes) is not advisable to use now onwards as the mind gets more tense and distracted thereby leading to disturbance and lack of concentration in further studies. *C. Do not think that you have enough time to study DT as you get 2.5 days:* We often make our mind relaxed and sluggish when we get some extra time than usual. Hence, I have observed that students are not able to perform better when they are getting extra leave. Also, DT is not a subject where you can even waste your single minute. Hence, plan DT preparation in such a way that in 2.5 days, you can finish revising all the chapters along with retaining and recalling all key provisions. *D. Never waste time in paper review and discussion:* On account of either fear or curiosity, we indulge ourselves in discussing the solution of the question paper after completing each exam and try to figure out our performance. This does not make any positive sense and ultimately impacts the preparation of the next exam. Hence, it is advisable to revise all papers after completing all exams. *E. Subject specific common points:* For practical subjects, solve at least 4-5 long and important questions in writing even the day before an exam as it will help to boost your confidence and save some time while writing the final paper. For case studies and case scenarios in SCMPE and elective subjects, read only highlighted or bold portions which you would have marked before at the time of revision and do not try to read whole answers. Most of you would have already done ABC classification or Pareto analysis during the revision. Hence, based on that, first revise all ‘A’ category and important chapters the day before exam and then, go for revising the rest of the topics. Do not keep anything pending to revise on the day of an exam (morning). Just go through important sections, provisions, theory topics and formulas in SFM and bullet points / keywords of important chapters during the last 4 hours of preparation. Last but not the least, do not stretch studying till the exam centre, rather close all your books an hour or two before the exam starts and just relax in between.

https://cdn3.digialm.com/EForms/configuredHtml/1666/71730/login.html Admit card out #nov23 Join for more updates @caupdatesalllevel

CA Final Paper 4 CORPORATE AND ECONOMIC LAWS MTP Series 2 Suggested Answers For NOV 2023.pdf

Full CA Final Law Revision Playlist fully relevant for Nov'23. By CA Shubham Singhal https://www.youtube.com/playlist?list=PL0xOe0xVMnt6s0LSzTPuTv6yqISNxr7wk

CA Final Paper 4 CORPORATE AND ECONOMIC LAWS MTP Series 2 Suggested Answers For NOV 2023.pdf