ICSI CS Executive Paper 2

About Company Law

Company Law is the collection of various legal aspects that govern the formation, running and winding up of a Company. The Indian Company Law is governed by the Companies Act, 2013 and to a certain extent, the Companies Act, 1956. The subject enumerates rules, regulations and procedures to be followed by corporate entities such as Incorporation of Companies, Issue of capital Instruments, holding of meetings, composition of Directors, etc.Compliance under Companies Act, 2013 is mandatory for all corporate entities, failing which the Corporates will face penal actions.

Company Law is one of the core areas of practice and subject of expertise for a Company Secretary. At this level you will be studying various provisions under the Companies Act, its Rules and regulations. At the next level you will be expected to analyse corporate issues faced by Companies and provide solutions, and solve case studies. Hence understanding and being thorough with the Provisions of Companies Act is of utmost importance.

The topics covered in Company Law at CS Executive Level is,

Introduction to Company Law
Provisions relating to Shares and debentures
Provisions relating to Members and Shareholders
Charges
Distribution of Profits
Provisions relating to Loans, Investments and Related Party Transactions

Introduction of the website and usage of Ministry of Corporate Affairs
Constitution of Board of Directors
Board Meetings and Annual general Meetings
Importance of Company Secretary as a profession

The best approach to study for the Company Law paper is

Start studies at least 7-8 months before exams
It is highly recommended to refer to the Bare Act for studying Company Law. The ICSI material is also very helpful as the procedures and rules are given in a systematic order. A combination of studies from the Bare Act and ICSI study material is recommended
Prepare your own notes: Company Law is all about procedures, rules and regulations. It is understood best when you make your own study notes in the simplest possible language to remember every provision along with Section Numbers
Updates: Law is a very dynamic subject with many amendments, circulars and notifications. Keep updating yourselves with any such changes to be able to tackle tricky questions related to amendments applicable to your exam. Further, you may visit websites of Ministry of Corporate Affairs to access any amendments

1 Introduction

Lecture icon 6 Lectures Know More

2 Share Capital

Lecture icon 5 Lectures Know More

3 Members and Shareholders

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4 Debt Capital

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5 Charges

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6 Distribution of Profits

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7 Corporate Social Responsibility

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8 Accounts, Audit and Auditors

Lecture icon 7 Lectures Know More

9 Transparency and Disclosures

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10 An overview of Inter-Corporate Loans, Investments, Guarantees and Security, Related Party Transactions

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11 Registers and Records

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12 An overview of Corporate Reorganization

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13 Introduction to MCA 21 and filing in XBRL

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14 Global Developments

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15 Board Constitution and its Powers & Lesson 18: Meetings of Board and its Committees

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16 Directors

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17 Key Managerial Personnel

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19 General Meetings

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20 Virtual Meetings

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21 Legal framework governing Company Secretary

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22 Secretarial Standards Board

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23 Mega Firms

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10 An overview of Inter-Corporate Loans, Investments, Guarantees and Security, Related Party Transactions

Lecture icon 1 Lectures Know More

15 Board Constitution and its Powers

Lecture icon 1 Lectures Know More

16 Directors

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17 Key Managerial Personnel

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18 Meetings of Board and its Committees

Lecture icon 1 Lectures Know More

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Resources

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Resources

Paper 2

Company Law

About Company Law

Duration: 3 hours

Faculty

Resources

Company Law

1 Introduction

2 Share Capital

3 Members and Shareholders

4 Debt Capital

5 Charges

6 Distribution of Profits

7 Corporate Social Responsibility

8 Accounts, Audit and Auditors

9 Transparency and Disclosures

10 An overview of Inter-Corporate Loans, Investments, Guarantees and Security, Related Party Transactions

11 Registers and Records

12 An overview of Corporate Reorganization

13 Introduction to MCA 21 and filing in XBRL

14 Global Developments

15 Board Constitution and its Powers & Lesson 18: Meetings of Board and its Committees

16 Directors

17 Key Managerial Personnel

19 General Meetings

20 Virtual Meetings

21 Legal framework governing Company Secretary

22 Secretarial Standards Board

23 Mega Firms

10 An overview of Inter-Corporate Loans, Investments, Guarantees and Security, Related Party Transactions

15 Board Constitution and its Powers

16 Directors

17 Key Managerial Personnel

18 Meetings of Board and its Committees

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