ICAI CA Foundation Paper 2 | Business Law and Business Correspondence and Reporting

About Business Laws and Business Correspondence and Reporting

Business laws are meant to regulate the actions of business houses by establishing procedural and behavioral frameworks.Business correspondence and reporting showcases the ability of a professional to communicate his knowledge clearly and correctly.

As students of a professional course, it is necessary to have knowledge of business laws at because these laws reflect the way a business functions from the societies’ point of view.CA Students need Business Correspondence and Reporting to express their views in writing in the professional world with high standards of clarity and accuracy .

The topics covered in Business Laws and Business Correspondence and Reporting at the CA Foundation Level

Part 1: Business Laws: Introduction and Basic chapters of

The Indian Contract Act, 1972
The Sale of Goods Act, 1930
The Indian Partnership Act, 1932
The Limited Liability Partnership Act, 2008
The Companies Act, 2013

Part 2: Business Correspondence and Reporting

Communication
Sentence types and Word Power
Comprehension passages and note making
Developing writing skills

Best approach to study Business Laws and Business Correspondence and Reporting

Solve all the model Questions and Questions given in RTP by ICAI Read the Newspaper every day and note down meanings of few words which you do not understand
Students who have studied in English medium tend to ignore Business Correspondence and Reporting, which is not a right thing. Give good weightage to this paper as well
Those who have studied regional languages only need not worry. It is easy to learn basics and you also have law to score
One of the good strategies to remember Business laws is remembering practical example(situation) related to a section
In Business Correspondence and Reporting, strictly follow the formats where-ever prescribed by ICAI.

1 The Indian Contract Act 1872

Lecture icon 14 Lectures Know More

2 The Sale of Goods Act,1930

Lecture icon 7 Lectures Know More

3 The Indian Partnership Act 1932

Lecture icon 7 Lectures Know More

4 The Limited Liability Partnership Act, 2008

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5 The Companies Act, 2013

Lecture icon 6 Lectures Know More

1 Communication

Lecture icon 1 Lectures Know More

2 Sentence Types - Direct-Indirect, Active-Passive Speech

Lecture icon 4 Lectures Know More

3 Vocabulary

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4 Comprehension Passages

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5 Note making

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6 Introduction to Basics of Writing

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7 Precise Writing

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8 Article Writing

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9 Report Writing

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10 Writing Formal Letters

Lecture icon 2 Lectures Know More

11 Resume Writing

1 Lectures Know More

12 Meetings

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13 Writing Formal Mails

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Paper 2

Business Laws and Business Correspondence and Reporting

About Business Laws and Business Correspondence and Reporting

Exam Information

Duration: 3 hours

Faculty

Resources

Business Laws and Business Correspondence and Reporting

1 The Indian Contract Act 1872

2 The Sale of Goods Act,1930

3 The Indian Partnership Act 1932

4 The Limited Liability Partnership Act, 2008

5 The Companies Act, 2013

1 Communication

2 Sentence Types - Direct-Indirect, Active-Passive Speech

3 Vocabulary

4 Comprehension Passages

5 Note making

6 Introduction to Basics of Writing

7 Precise Writing

8 Article Writing

9 Report Writing

10 Writing Formal Letters

11 Resume Writing

12 Meetings

13 Writing Formal Mails

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