Latest Post :
Home » , » Guidance to CS Executive Programme

Guidance to CS Executive Programme

Written By Admin on Monday, 17 March 2014 | Monday, March 17, 2014



Paper 1 :  Company Law

This paper  intends to provide  an expert  knowledge  of the provisions of Company Law by developing an understanding of the  regulation of companies  and  to provide  thorough knowledge  of various  provisions of Company  Law to the students at Executive Programme level.

In this paper detailed provisions relating to incorporation and its  consequences, financial  structure, membership, depositories and transfer/transmission, management and control  of companies, dividend, investment, loans  and deposits, Board’s report  and disclosures, compromise  and arrangement, majority rules and minority rights, investment and borrowing loans, law relating to co-operatives, societies, producer companies, limited liability partnership, registers and  returns, inspection and  investigation, winding  up of companies  and trusts, an introduction of e-governance and emerging issues and concepts in company law, etc. have been incorporated. For preparing this paper a thorough understanding of various provisions of the Companies Act is must.

Paper 2 :  Cost and Management Accounting

The paper  ‘Cost and Management  Accounting’ has  been devised  to provide knowledge  of principles and techniques of Cost and Management Accounting. The subject ‘Cost and Management Accounting’  is very important and useful  for optimum   utilisation  of existing   resources.  It  is  an indispensable discipline  for corporate management, as the information collected and presented to management based on cost  and  management accounting techniques helps management to solve not only specific problems  but  also guides them in decision making.

The entire paper has been discussed in twelve study lessons. The students appearing in paper  ‘Cost and  Management Accounting’ should keep the following points in consideration:

—  To understand theoretical concepts  rather than  routine learning

—  To solve practical problem as much as possible

—  To answer  the  questions with  due  emphasis on the principles  of respective concept

—  To support  your answers and conclusions  with required reasoning and formulae

—  Focused  in time  management specially  in solving  the practical problems

—  For updation, Students are  advised  to read  ‘Student Company  Secretary’,  Chartered Secretary, Bare Act, recommended books  and  other  publications on the subjects.

Paper 3 :  Economic and Commercial Laws

The  paper  Economic  and  Commercial  Laws has  been developed  to provide  an  understanding and  to acquire knowledge of certain  economic and commercial  legislations which have direct bearing  on the functioning of companies. It has been divided into two parts consisting of fifteen study lessons.   Part A consists  of Study Lessons I to IX, whereas Part B consists of Study Lessons X to XV. Level of Knowledge required for Part A is Advance and for Part B it is Working Knowledge.

As the  area  of Economic and Commercial  Laws undergoes frequent changes, it becomes necessary for every student to constantly update  with the various legislative changes made as well as judicial pronouncements rendered from time to time by referring to the decisions of Supreme Court, High Courts and Quasi Judicial Bodies.

The students  appearing in paper ‘Economic and Commercial L aws  should  keep  following  points  in consideration   :

Answer  the  questions with  due  emphasis on  the provisions of law

Support  your answers and  conclusions  with  proper reasoning

Answers   should  be based  on case  study  decided  by Supreme Court, High Courts  and Quasi Judicial  Bodies wherever applicable

Proper  alignments of thoughts and  expression while writing in examination

Practice lot of writing daily and this will help a lot during examinations

Write in a neat and legible hand-writing

Keep a watch  on DIPP, RBI, CCI, Controller  of Patents, Registrar  of Copyright  and  Pollution  Control  Boards Circulars, Notifications issued from time to time

For updation, Students are advised to read ‘Student Company Secretary’,  Chartered Secretary, Bare Act, recommended books and other publications on the subjects.

Paper  4 : Tax Laws and Practice

This paper has been divided into two parts, namely A and B. Part-A has 70 per cent weightage and covers the provisions relating to direct  taxes,  including  Income-tax Act, Wealth- tax Act. Part-B has 30 per cent weightage and includes  the Service tax and VAT. In this paper, students are expected to have working knowledge  of the basic principles  underlying the substantative provisions of income tax, wealth tax, service tax and value added tax so that,  they would be able to apply these laws in computation of income and taxation of a person excluding companies under various heads of income and their assessment procedures.

The students appearing in paper  ‘Tax laws and  Practice’ should keep following points in consideration.

a.   Practice as many practical problems  as possible.

b.  Understand theoretical concepts  and   apply these  in practical scenario.

c.   Practice filing the income tax Return, VAT return, service tax return under  an expert  guidance.

d.  Refer the  Direct  Taxes  and  Indirect  Taxes  reckoner wherever required.

e.   Keep a watch on CBDT and CBECX circular. Keep updated yourself with the budgetary changes.

f.  Keep yourself updated on about the Apex Court’s , High Court and Tribunal decisions.

The subject tax laws and practice is a very important subject for the  CS Course.  This is a practice  area  for Company Secretaries as well.  Standing Committee on Direct Tax Code has suggested for inclusion of Company Secretaries in the list of Accountant under Income Tax Act, 1961. Keeping this in view, student should prepare to master this subject.


Paper  5 : Company Accounts and Auditing Practices

This paper has been designed to provide the studens advance knowledge  of the  principles  and  practices of company accounts  and  auditing  in  accordance with  statutor y requirements.

The paper has been divided into two parts Part- A consisting of Company Accounts and Part-B covering Auditing practices. Part A carries 70 Marks. While designing the contents of the syllabus  of Company Accounts,  it has been  presumed that the students possess the knowledge of Financial Accounting paper of Foundation Programme. Students are also required to know the relevant legal provisions of the Companies Act, 1956 and Companies Act, 2013 (whichever is applicable) and the  procedures prescribed thereunder. Part  B carries  30 Marks. It covers the aspects  relating to Auditing  concepts, Types of company Audit, Internal Audit, audit Engagement and documentation etc.

The  student should  take  the  following  things  into consideration particularly for this subject.

1.   Being a practical  subject,  students are advised  to solve the practical problems s much as they can and understand the practical aspects  of Company Law provisions.

2.   Company  Accounts  is a very dynamic  subject  and any change  in company  law provisions  attracts a similar change in the accounting aspect relating to the particular change  in company  law. Students are  expected to be aware  of time to - 2 changes  made in company law and other corporate legislations.

3.   Since the  listed  company  are  governed  by Securities Exchange  Board of India (SEBI), students are expected to keep  a watch  on SEBI announcement relating to accounting aspects  of listed companies.

4.   Refer the  annual  reports of various  companies  and get themselves acquaint with latest development in corporate financial reporting.

5.   Study the Accounting  standards and Indian Accounting Standards as  issued  by The  Institute of Chartered Accountants of India.

6.   Students should obtain the practical insight of provisions relating to auditor’s  appointment, various  aspects  of statutory audit,  cost audit and secretarial audit.

7.   Study o f Standard on Auditing as issued by The Institute of Chartered Accountants of India will bring  an added advantage to the  students

8.   For updation, Students are  advised  to read  ‘Student Company  Secretary’,  Chartered Secretary, Bare Act, recommended books  and  other  publications on the subjects.

Paper  6 : Capital Market and Securities  laws

The subject  Capital Market  and Securities Laws is a very important subject   of the  CS Course.  The Company Secretaries are recognized under various securities Laws such as Securities Contracts (Regulation) Act,1956, Depositories Act, 1996,Regulations and guidelines issued by SEBI under the SEBI Act, 1992 and the Listing Agreement of the Stock Exchanges for Equity, Debt, IDRs & SME Listing. SEBI has also authorized Practicing  Company  Secretaries to undertake internal audit  of various capital market intermediaries and issue of quarterly certificate with respect to reconciliation of share capital audit. Keeping this in view, student should keep the following points into consideration.

a.   Attend  study circle meetings organised by the chapters regularly  on the related  topic.

b.  Access  the  websites of SEBI, NSE, BSE etc.  for the updated rules and regulations.

c.   Referring  to one financial  daily and  journal  for latest happenings in the  corporate world with  respect to the securities laws.

d.  Refer  to Institute’s Journal  ‘Student Bulletin’  and
‘Chartered Secretary’ for constant updation on legislative changes  made from time to time.

e.   For updation, Students are  advised  to read  ‘Student Company  Secretary’,  Chartered Secretary, Bare Act, recommended books  and  other  publications on the subjects.

Paper  7 : Industrial, Labour and General Laws

The paper Industrial, Labour and General laws provides  an understanding of certain  industrial, labour  and general legislations which have direct bearing  on the functioning of Corporate  Sectors and Society. The paper  Industrial, Labour and  General  laws requires working knowledge and understanding of Industrial, Labour and  General  Laws. It has  been  divided  into  two  parts consisting of twenty  five study  lessons.   Part  A covers Industrial and Labour laws consists of Study Lessons 1 to 19, whereas Part  B covers General  Laws consists  of Study Lessons 20 to 25.

The students  appearing in paper ‘Industrial, Labour and General laws should keep following points into consideration.

1.   Thoroughly  covers the study material to acquire  in-depth knowledge  of substantial provisions  of the  Industrial, Labour and General laws

2.   Thorough  knowledge  of procedural formalities required under Industrial, and Labour Laws

3.   A continuous follow-up of various Notifications, Circulars, Clarification issued by the Regulators from time to time

4.   Awareness to various  Rulings of Supreme Court, High
Court and Quasi Judicial Bodies wherever applicable

5.   Enhance  the  ability to reason  out while answering the question

6.   Answer should be based on relevant legal provisions and case study  decided  by Supreme Court, High Court and Quasi Judicial Bodies wherever applicable

7.   For updation, Students are  advised  to read  ‘Student Company  Secretary’,  Chartered Secretar y, Bare Act, recommended books  and  other  publications on the subjects.

Share this article :


Speak up your mind

Tell us what you're thinking... !

2500 + Subscribers

Get Toolbar

Get our toolbar!

Read article on Android Phone

Share your file


Get updates on Facebook

Popular Posts

Support : Creating Website | Johny Template | Mas Template
Copyright © 2011-2013. YourKnowledgeportal - All Rights Reserved
Original Design by Creating Website Modified by Adiknya
Blogger Widgets