ICAI Announced Inclusion/ Exclusion of topics from Corporate and Economic Laws (New Course)


ICAI Announced Inclusion/ Exclusion of topics from Corporate and Economic Laws (New Course)

Detailed announcement chapter wise as to Inclusion/ Exclusion of topics from the scope of syllabus of Paper 4: Corporate and Economic Laws (New Course) [In continuation to earlier announcement dated 24/6/19]

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[I] Exclusion of topics from the scope of syllabus w.e.f November 2019
examination

Topic in the Study material Retained provisions ?Excluded provisions of the respective chapters of the Study Material
1 2 3
Part I : Corporate Laws: Section A: Company Law
Winding Up (Chapter 7) Sections related to winding up by Tribunal (from sections 271-303); and
Sections applicable to every mode of winding up (from sections 324-336 and 344-347 and 352- 358).
Provisions contained under section 337- 343 and 348 to 351
Producer Companies (Chapter 8) ?Entire topic
Miscellaneous Provisions (Chapter 10) 1). Sections 248- 252, 394- 395, 406

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2). Provisions covered under the headings ?Miscellaneous Provisions? ? 447, 450, & 455

Sections 366 to 378, 396 to 404, 405, 448, 449, 451-454, 456-470
Compounding of offences, Adjudication & Special Courts (Chapter 11) Adjudication and special courts i.e., Section 435- 440, 442 ? 446A Compounding of offences? covered under section 441
National Company Law Tribunal and Appellate Tribunal (Chapter 12) Sections 407, 420- 434 Provisions covered under section 408 ? 419.
Section B: Securities Laws
SEBI Act, 1992, SEBI (ICDR) Regulations, 2009 & SEBI (LODR)Regulations, 2015 (Chapter 2) SEBI Act, 1992 & SEBI (LODR)Regulations, 2015 SEBI (ICDR) Regulations
Part II : Economic Laws
The Foreign Exchange Management Act, 1999 (Chapter 1) The FEMA, 1999 along with the following
Rules/Regulations –
1). Fem (Permissible Capital Account Transactions) Regulations, 2000

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2). Fem (Current Account Transactions) Rules, 2000

3). FEM (Export of Goods & Services) Regulations, 2015

1). Foreign Exchange Management (Acquisition and Transfer of Immovable Property in India) Regulations, 2000

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2). Foreign Exchange Management (Acquisition and Transfer of Immovable Property outside India) Regulations, 2015

3). Foreign Exchange Management (Realisation, repatriation and surrender of foreign exchange) Regulations, 2000

4). Foreign Exchange Management (Possession and retention of foreign currency) Regulations, 2015

The Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (Chapter 2) 1). Relevant definitions covered in the Study Material

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2). management of asset by the bank and the financial institutions
[Sections 1- 19 of the SARFAESI Act]

Section 20 and onwards of this chapter
Insolvency & Bankruptcy Code, 2016 (Chapter 6) The Corporate and Insolvency resolution process i.e. upto section 59 Remaining provisions i.e. from section 60 onwards?

[II] Inclusion of topics within the scope of syllabus effective from May, 2020 Examination onwards

Paper? Inclusion
?Legislation? Topics added
Paper 4: Corporate and Economic Laws The Foreign Exchange Management Act, 1999 1). Overseas Direct Investment

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2). Import of Goods and Services

3). External Commercial Borrowing Policy


Team SC

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