Strategy To Prepare For The Law

CA PCC Inputs for exams Paper 3 Law , Ethics & Communication

1. The pattern of the question paper is as follows

a. Law

i. Question 1 & 2 are compulsory (both 10 marks each)

ii. You have to attend 8/10 questions x 5 marks each = 40

iii. Total 60 marks – Law

b. Ethics

i. Question 13 is compulsory – 10 marks

ii. Attend any 2 from the rest 3 questions – 5x2=10 marks

iii. Question no 15 – State whether correct/incorrect with reasons (attend any 2 from 4)

iv. Total 20 marks – Ethics

c. Communication

i. Question no 17 is compulsory 10 marks

ii. Any 2 from the rest 3 5x2 = 10 marks

iii. Total 20 marks – Communication

2. Class Notes Material will be sufficient for exams.

3. Do not leave any topic as the paper will cover the entire syllabus

4. The following are the expected marks / topics

a. Companies Act – 30 marks

b. Contract Act – 5 - 10 marks

c. Negotiable Instrument – 5 - 10 marks

d. Gratuity – 5 marks

e. Bonus – 5 marks

f. PF Act – 5 marks

5. Please go through the RTP prescribed for your attempt, as sometimes the exam problem is one of the RTP questions.

6. Write the answers in points, it will fetch you more marks

7. Please read the provisions deeply as the exam questions will be very tricky

8. Time will be a constraint so plan your time well in advance

9. For the cases asked use the pattern where your answer clearly distinguishes:

The facts of the case

The provisions of the law

Analysis of the case

Conclusion

This will definitely fetch you more marks.

10. Be thorough with the following

a. Drafting notices of AGM/EGM

b. Minutes

c. Legal Documents

(As more than 10 marks in communication are asked from above (including compulsory question)

11. Ethics & Communication are scoring sections

12. Try to go through the past question papers and the feel of the type of questions asked and the related provisions of law

13. Law section covers at least 6 marks for one word answers. It becomes a good scoring area

14. Concentrate well on the gratuity, bonus and PF Act as these are very small acts and the same questions keep repeating in the exams

ALL THE BEST FOR YOUR EXAMS

WITH REGARDS

G.MADHU KIRAN

https://madhukiran.caclubindia.com

Important Suggestions for PCC and IPCC Students for Exams & Preparation.

Paper 2 : Business Laws, 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 m ight 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.