HOW TO GET EXEMPTION IN CA FINAL LAW PAPER
our friend sri rightly said the points .Yes quoting sections does make a difference .One has to write all the points needed by the examiner .one can refer suggested answers or practice mannual to understand which points are relevant for a particular answer .
Let me give one examle from SEC 327 A i.e intercorporate loans and investments . In case a public company (say A ltd ) wanting to give loan to another private company (say ABC PVT LTD) in which director of A ltd has 26 % equity shares . WHat are the legal requirements ?
Now ICAI expects you to write about-
- Sec 372A in brief like unanimous approval of board ,SR if limits u/s 327 A is crossed
- Sec 295 loan to specified persons ( since Director of A ltd has > 25 % shares in ABC pvt ltd)
- Sec 299 - interested director has to disclose his interest in BM
- Sec 300 - interested director cannot vote on the matter nor counted in quorum at BM of A LTD while discussing the above matter.
So ICAI expects students to think of the answer from holistic view not just one or 2 implications.
APART FROM THIS STUDENT HAS TO STUDY ALLIED LAWS also. It has less weightage but topics are quite big , so it needs fair time to prepare .
Learning the names of imp case laws like DR KAMAL KUMAR DUTTA VS RUBY HOSPITALS LTD ie notice of Board meeting to director staying abroad etc also helps if u can write it in exam.
My suggestion to students will be dont go for mugging up these sections etc .Just while reading read them loud or be conscious of it ,after 2 reading of chapters your brain will retain many sections automatically .
I have also used memory codes in my notes of CA final law which again help a lot .Like
In competition act its said the act does not apply on govt enterprise in areas of space,defence ,currency and atomic energy . My memory code is Sarkari Department Against Competition.
First letters S stands for space , next D stands for defence .A = atomic energy and C = currency. You can prepare your own memory code to learn various pts .
Do practice writing .refer RTP ,past year solved papers to get the feel of answers .try to give all points. Very short answer as given in munish sir`s HANDBOOK THAT TOO WITHOUT SECTIONS AND CASE LAWS IN EXAM wont help in case of 6-8 marks answer.
All d best . With right effort and attitude you can easily get 60 + in theory papers ,
CA Pratik Jain
!!) select her. Again aginst your wish a selection has been made .
CAclubindia
