Todays corporate law paper

Guys!!! stop it..think about next exam..bachchon ki tarah mat karo..

Well todays paper was way better than Nov'13 paper

Todays paper was rather more straight , more off the basic provisions than complex questions. Hardly any question having 3 or more section quotes together plus not at all lengthy.

My lil review :

1.a.Just need to write when special audit is applicable and that then management is justified.

b.Straight.Dividends.In audit it was divident paid out of current profits and law it is past profits.

c.SSA-Compensation for loss of office..

d.SEBI.

2.a.Interested Directors.So, 297,299,300.Just need to write provisions

b.i.Repeated

b.ii.Repeated

3.a.Test of your basics.Accounts chapter

b.Good new question.

4.a.Almost similar repeated questions except that the director refunds the entire amount.

b.Section 399,398-Mismanagement where it applies and where not ie when not taken as mismanagement

5.a.Winding Up

b.Banking Regulation

6.a.i.Producer Company unexpected new question.They are giving new questions on producer companies every exam now

a.ii.Foreign Company-Easy

b.Neither Opression nor Mismangement.Repeated Question.

7.a.FEMA.A very rare question on Capital account transaction

b.Test of Competition Act in a practical way

c.Repeated.Banking Regulation again

d.Reapeated.SARFAESI

e.Repeated.Money Laundering

Allied Laws : 38 (including mix question with companies act)

Corporate Law : 78

Interpreation of Statues : 0

Banking Regulation : 12

Prevention of Opression and Mismanagement : 16

Only Directors : 24

A very balanced paper with less complexity in Corporate law .

Well, I guess only reason people are unsatisfied is after three easy papers they expected even law to be easier. It was an average paper but included detailed study though. It was unlikely for institute to ask from various topics which they indeed did but I personally find it very good looking at previous year papers.

The paper was very balanced.

No marks should be allotted for corporate winding up reason being that winding up is major step in corporate consultancy services which every CA should know irrelevant wheather it was excluded or not. Reading five seven pages need not harm even for knowledge.

Just don't for the degree, Be a CA. your views may help you clear exams much easily.

Best wished for rest exams.

hey anyone can post suggested answer. just applicable provision...

plsss.... 

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https://icai.org/new_post.html?post_id=10679&c_id=219