Last Minute Suggestions to CS Final – DEC 15
- CS RAHUL HARSH
(Associate Member of The
ICSI)
- WhatsApp: 9804179372
- Email: csrahulharsh@gmail.com
Dear Friends,
Finally its December,
2015 and after few days the ICSI will conduct its examinations … thousands of
hopeful students will give their attempt to clear the CS final examinations. I
hope you all have prepared all the subjects very well and are ready to fight
the battle. This series of articles will deal on some last minute suggestions that
I wanted to share with you which will help you in last few days
of preparation and also during the exams…
We will go subject
specific and then cover some general tips for the exams… J
Subject Specific
Tips:
First thing first CS
Final is a Professional Examination and everything in the ICSI Mat is
Important. But there a few topics in every subject which require some more
attention than others. So lets discuss them and check whether you have prepared
them or not.
Company Secretarial
Practice / Advanced Company Law:
This is the Core subject
of the Syllabus and its great relief that the Institute is having its
examination on the first day. Therefore you have time to revise it completely
before exam.
The important topics
which you need to take care of are :
Incorporation of
Different types of Companies and Eforms Required. , Process of Conversion
of companies, Procedures and Resolutions W.R.T : Change of name, objects,
registered office of a company, Additional requirement- change of objects for
which money is raised through prospectus, Procedure for Altering Articles of
Association.
Process of
Dematerialization and Rematerialization of Shares, Procedure Issue of securities
through public offer , Private placement, Rights shares, Employee stock option, Bonus Shares, Procedure
for forfeiture of shares, Difference in forfeiture & Surrender of shares,
Note on Debenture Redemption Reserve, Debenture Trustee, Procedure for Roll-over of non
convertible portion of partly convertible debt instruments under SEBI (ICDR)
Regulations, 2009,
Deposits
: Its definitions, resolutions and Eforms (It’s a hot topic and expect
questions from this chapter), Check list of secretarial compliance for acceptance of deposits as
per CA, 2013, Procedure of Variation of member’s rights, Provisions and
Procedure of Transfer of shares in Pvt and Public Co. as per The Companies Act
2013, Transposition of names,
SEBI (Prohibition
of Insider Trading) Regulations, 2015, Provisions on Key managerial personnel,
Procedure to appoint KMP , Directors, MD, Board Composition, Provisions of
Woman Director & Independent Director ,Process to obtain and surrender DIN, Provisions of Additional
Directors, nominee Directors, Directors
interest in a contract or arrangement section 184(2), Provisions on Related party
transactions, Prohibition and
Restrictions Regarding Political Contribution, Short Notes on What is D &
O Liability Insurance,
Duties
of company secretary as prescribed in
Companies (Appointment and Remuneration of Managerial Personnel) rules, 2014, Liabilities of Company
Secretary, Vacancy in the office of whole-time KMP, Secretarial audit – Process , Applicablity and Checklist, Meetings of BOD, committee of
directors,IMP Points of SS 1 & 2 (which I can Provide you on email), Voting through electronic
mode, Procedure for passing of
resolutions by postal ballot, appointment of auditors, Rotation of auditor, Casual vacancy in the office of auditors,
Eligibility, qualification and disqualification of auditors, Note on National Financial
Reporting Authority, Appointment of Cost
Auditor and filing its report with MCA,
IMP
Aspects of Directors’ report and DRS, Applicability
of corporate social responsibility and areas covered in CSR, Procedure for payment of dividend, transfer of
unpaid or unclaimed dividend to the IEPF, Registration & Satisfaction of charges – Eforms and Consequences of non-registration of
charge,
Loans
and investment by company [section 186] along with resolutions, Chapter E-FILING is must for Short notes on topics like: Corporate
Identity Number (CIN), Global Location Number (GLN), Front Office and Back
Office, Service Request Number (SRN), STP Forms, benefits of mca-21, XBRL
Filing, Also read about the attachments for Different Eforms, Expect Questions from:
Striking Off Names Of Companies, and Global Development of Company law(its VIMP
Chapter DO NOT LEAVE THIS).
IMP Sections to Revise from Bare Act and to
Remember :
Section No.
|
Topic
|
12.
|
Registered office of
company
|
13.
|
Alteration of
memorandum
|
14.
|
Alteration of
articles
|
18.
|
Conversion of
companies already registered.
|
23.
|
Public offer and
private placement.
|
26.
|
Matters to be stated
in prospectus.
|
42.
|
Offer or invitation
for subscription of securities on private placement.
|
53.
|
Prohibition on issue
of shares at discount
|
54.
|
Issue of sweat
equity shares
|
63.
|
Issue of bonus
shares
|
68.
|
Power of company to
purchase its own securities(Buy Back)
|
74.
|
Repayment of
deposits, etc., accepted before commencement of this Act.
|
92.
|
Annual return.
|
96.
|
Annual general
meeting
|
100.
|
Calling of
extraordinary general meeting
|
110.
|
Postal ballot
|
108.
|
Voting through
electronic means
|
121.
|
Report on annual
general meeting
|
123.
|
Declaration of
dividend
|
129.
|
Financial statement
|
134.
|
Financial statement,
Board’s report, etc
|
135.
|
Corporate Social
Responsibility
|
138.
|
Internal audit
|
139.
|
Appointment of
auditors
|
149.
|
Appointment of
Directors and ID
|
161.
|
Appointment of
additional director, alternate director and nominee director
|
177.
|
Audit Committee
|
178.
|
Nomination and
Remuneration Committee and Stakeholders Relationship Committee
|
182.
|
Prohibitions and
restrictions regarding political contributions
|
184.
|
Disclosure of
interest by director 185. Loan to directors, etc
|
186.
|
Loan and investment
by company 186. Loan and investment by company
|
188.
|
Related party
transactions 197. Overall maximum managerial
remuneration
|
203.
|
Appointment of key
managerial personnel 204. Secretarial audit 205. Functions of company secretary
|
455.
|
Dormant company
|
Learn the Following Schedules No.
Schedule I - Memorandum
Of Association Of A Company Limited By Shares
Schedule II - Useful
Lives To Compute Depreciation
Schedule iii -
Preparation Of Balance Sheet And Statement Of Profit And Loss Of A Company
Schedule iv - Code For
Independent Directors
Schedule V - Appointment Of A Managing Or Whole-Time
Director Or A Manager Without The Approval Of The Central Government
Schedule vii - Corporate
Social Responsibility Policies
Tips : Try revising more
and more resolutions and not the easy ones most of the resolutions are there in
the ICSI Study Mat after each chapters.
Please do not quote
wrong section numbers and answers and irritate the examiner.If you can’t
recollect theparticular Section, then better to write “ as per the provisions
of CompaniesAct,2013/1956” rather than quoting a wrong section.
- CS RAHUL HARSH
(Associate Member of The ICSI)
- WhatsApp: 9804179372
- Email: csrahulharsh@gmail.com
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