Tax Assistant (Accounting Technician CA
8311 Points
Posted on 22 July 2010
Important Suggestions
for PCC and IPCC Students for Law, Ethics and Communication.
Syllabus of Paper –
3 Business and Corporate Laws:
The given
below table describes weightage of marks including options
|
Chapters
|
Particulars
|
Avg.
Marks
|
|
CHAPTER - 1
|
The
Indian Contract Act, 1872
|
15
|
|
CHAPTER - 2
|
The
Sale of Goods Act, 1930
|
10
|
|
CHAPTER - 3
|
The
India Partnership Act, 1932
|
10
|
|
CHAPTER - 4
|
The
Negotiable Instruments Act, 1881
|
15
|
|
CHAPTER - 5
|
The
Payment of Bonus Act, 1965
|
10
|
|
CHAPTER
- 6
|
The Employees Provident
Fund and Miscellaneous Provision Act, 1952
|
10
|
|
CHAPTER - 7
|
The
Cooperative Societies Act, 1912 Including the Multi-state Cooperative Societies
Act, 2002
|
10-15
|
|
CHAPTER - 8
|
The
Companies Act, 1956
|
55
|
|
|
Total
marks with options
|
135-140
|
Books
to be Referred.
-
Study module
-
Compilation
-
N.D. Kapoor
-
G.K. Kapoor
-
RTP of upcoming exam.
-
Personal notes of cases and sections
General Guidelines for
Law
Business Law
-
Start with easy Acts like
Bonus or EPF. It will enhance your confidence.
-
Go through module first. Don’t try to mug
it up just understand the main content of the topic.
-
Note down the important points and cases in
a separate book.
-
Further try to complete
special contracts first like
quasi contracts, bailment and pledge, indemnity
and gurantee etc.. it is because most of the questions in last exams are asked
from this part only.(The
Indian Contract Act, 1872)
-
Don’t waste too much time behind remembering
cases and sections. Its because institute wants knowledge from you about provisions
regarding particular Act not sections. If you write right section but your answer
is wrong than you will not get enough marks you might get just half or one mark.
But if you know the provisions and your answer is right and even if don’t write
the section or case you will get 3 to 4 marks.
I tried that thing and got succeeded in it. Institute generally asks practical
questions from this chapter and also almost in every chapter in last exam. So
if you know the theory very well but if u can’t apply in practical questions
you will get only passing marks. So compilation will be great source in understanding
what institute wants from us
-
Please don’t leave all the cases
and sections if you have power and time to memorize sections and cases than
please go for it. I am not saying that they are not important. But main thing
is provisions.
-
Just try to memorize
important sections like
minor-Sec.11 in Mohiri Bibi vs Dharam das
ghose.. of contract Act, 1872.
-
Never try to leave in option anything
completely. Just read it 2 or 3 times for reference if any part is asked
from such less important parts like general contracts in contracts. Its important
because in case an easy question is asked from this part you can answer it easily
rather than leaving it.
-
Prepare a separate note
for each chapter in which you should write the important topics, sections and
cases and amendment if any (e.g. negotiable instruments act. In 2002) in brief
which you can revise speedily at exam time. It is because you will not be able
to revise all the lengthy 8 acts in two days on exam.
-
I think you all have seen 3 idiots.
It sends an awesome message which says that don’t be exam oriented be excellence
oriented. Institute normally wants us to be aware of general and working knowledge
of different acts not expertise so please don’t think about mugging each and
everything
-
For EPF act
please write each and every answer at least 2 to 3 times in a rough book from
compilation and module. It is so because it contains very rigid language and
difficult to remember.
Corporate Law
-
Please go through compilation
first (including PE-II’s compilation)
-
Then from G.K. Kapoor
just go through for 1 or 2 times regarding different small terms and definitions
like share, stock, share warrant, allonge, etc.
-
Don’t spent too much
time in Company law from module as it is lengthy and you also don’t have time
to complete it. It is because Institute now asks mostly practical problems from
each and every act. They hardly ask theory and also if they ask we can attempt
it easily or we can took it in option. But please this does not mean that you
should feel relax about company law. You have to do it but in a systematic manner
as I did.
-
From module do meetings
and proceedings, dividends, borrowings, minutes & returns. It is because that
part is much easier and also important from exam perspective.
Note:
-
Students of PCC and IPCC should not that above
points are applicable to only those points which are in their syllabus.
-
Don’t follow points which are not applicable
to you which is not in your syllabus.
-
Try to understand the basic method of working
with Law subject.
With Regards,
Kalpesh Chauhan.
(PE-II November 2009. Paper -3
Business & Corporate Laws – 81 Marks).