Post on 07-Sep-2020
WELCOMEWEBINAR ON
SMART APPROACH TO FACE CA EXAMBY CA VIJAY RAJA
THANKS FOR THE SUPPORT
DEAR ICAI
DIFFERENT PATHS, SAME DESTINATION
5TOPICTOPIC
4TOPIC
3TOPIC
2
T O P I C S D I S C U S S I N G
11 POINTSFor success in CA
Exams
CA EXAMSPreparation Tips for COL & CEL
TIME-TABLEWhen Exams are
near
DIET PLANDuring Preparation
phase
TOPIC
6MEDITATION/
SPORTSPart of Study plan
TOPIC
1EXAMINATION
TIPSBy ICAI
Reach examination hall well in time.
01In 15 minutes pre-exam time, read
question paper thoroughly and carefully.
02Plan time appropriately, to answer each question and check answers as
well.
03
EXAMINATION TIPS BY ICAI
First impression is the last impression.The question which you can answer in the best manner should be attempted
first.
04Always attempt all questions.
Therefore, it is important that you must finish each question within
allocated time.
05Read the Question carefully more
than once before starting the answer to understand very clearly as to what
is required.
06
EXAMINATION TIPS BY ICAI
Answer all parts of a question.Do not answer different parts of the same question at different places.
07Write in neat and legible hand
writing.
08Always be concise and write to point
and do not try to fill pages unnecessarily.
09
EXAMINATION TIPS BY ICAI
There must be logical expression of answers. Check all answers
thoroughly and underline important points before leaving the hall.
10In case of a question is not clear, you may state your assumptions and then
answer the question.
11Language is an important point of
concern. Students may overcome this by practice writing and self
examination.
12
EXAMINATION TIPS BY ICAI
BRAD HOGG’S DISMISSAL OF SACHININDIA AUSTRALIA 2007 SERIES
“Never again Mate”
PAINTINGS OF PABLO PICASSO
DHYAN CHAND1928 - 1964 Hockey
Olympics7/8 Won
570 Goals185 Matches
3 GoalsIn last 4 minutes
FOR SUCCESS
11 POINTS
IN EXAM1CONFIDENCE
Hard Work Beliefs
Positivity Motivation
2
Study a mix of 2 Subjects
per day Assess your strong and Weak points
Tick To-Do List Books & Time
-table
3
Study Practice Test
EXAM TIMINGS
Train your Biological Clock
4Identify mistakes Solving
practical Questions
Solve moreUnderstand why?
5Summarize
Notes to 10%
Summary Notes Manuals
Question papers
Classwork
FOR THEORY
6
Reading Time15 Minutes
Identify 40 marks
Min
utes7
Q1 Q2 Q3
1.7 Minutes per mark
QuestionsQ4
8Increases accuracy WRITE
YOUR BEST ANSWER FIRST
More Efficiency Confidence
9Remembering Important points
Underline Mark
Highlight Tick/ Star
10
Specific references to calculations Annexure to
main answer
Quoting laws and
application WORKING NOTES
1165%
Questions are Tough in exam
85%
Writing Answers in exam
55%
Analyzing and applying knowledge
5%
Excess Time Recheck Answers
CA EXAMSPREPARATION TIPS FOR
COL & CEL
CA EXAMSPREPARATION TIPS
Tip
1
Application oriented question involveDiscussion on point of Law/ Case Law
1. Provision of LawCovering the above problem area
2. Relevant facts of the caseSynopsis and the main problem area
3. Conclusion/ RemarksIn clear wordsApplication of legal provision of law
ANSWERINGAPPLICATIONORIENTEDQUESTION
Format for answering:
CONTENT AT A GLANCE FOR CA FINALPART 1 – Company Law [70 marks]
Section A – Companies Act
Topic Particulars Weightage of Marks
% Marks
1 Appointment and Qualification of Directors 30%-35% 21-25
2 Meetings of Board and its powers
3 Appointment & Remuneration of Managerial Personnel
4 Inspection, Inquiry and Investigation 15%-20% 11-14
5 Compromise, Arrangements & Amalgamation
6 Prevention of Oppression & Mismanagement
7 Registered Valuers 25%-40% 18-28
8 Winding up
9 Companies Incorporated Outside India
10 Government Companies
11 Strike Off or Fast Track Exit
12 Nidhis
13 Miscellaneous Provisions
14 Compounding of offences, Adjudication and Special Courts
15 National Company Law Tribunal & National Company Law Appellate Tribunal
16 Corporate Secretarial Practice – Drafting of Notices, Resolutions, Minutes and Reports
Section B – Securities Laws
17 Securities Contract (Regulation) Act, 1956 & Securities Contract (Regulation) Rules, 1957
15%-20% 11-14
18 Securities Exchange Board of India, 1992; and SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015
PART 2 – Economic Laws [30 marks]
19 The Foreign Exchange Management Act, 1999 20%-30% 6-9
20 The Securitization & Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002
21 The Prevention of Money Laundering Act, 2002 20%-30% 6-9
22 The Foreign Contribution Regulation Act, 2010 20%-30% 6-9
23 The Arbitration and Conciliation Act, 1996
24 The Insolvency and Bankruptcy Code, 2016 20%-30% 6-9
CONTENT AT A GLANCE FOR CA INTERMEDIATE
PART 1 – Company Law [60 marks]
Forms Chapter Particulars Weightage of Marks
% Marks
I(1 – 2)
Preliminary - Features and types 25%-40% 15-24
INC II(3 – 22)
Incorporation of a company
PAS III(23 – 42)
Prospectus and allotment of securities
SH IV(43 – 72)
Share capital and debentures
DPT V(73 – 76)
Deposits 25%-35% 15-21
CHG VI(77 – 87)
Registration of charges
MGT VII(88 – 122)
Management and administration
IEPF VIII(123 – 127)
Declaration and Payment of Dividend 35%-40% 21-24
AOC IX(128 – 138)
Accounts of Company
ADT X(139 – 148)
Audit and Auditors
PART 2 – Other Laws [40 marks]
Forms Particulars Weightage of Marks
% Marks
1 Indian Contract Act, 1872 30%-35% 12-14
2 The Negotiable Instruments Act, 1881 20%-35% 8-14
3 Interpretation of statutes 15%-25% 6-10
4 The General Clauses Act, 1897 15%-25% 6-10
Note:1. All amendments up to April 30th, apply for November
exams.2. Similarly, all amendments up to 31st October apply for
May exams3. MCQ’s for 30 marks of one mark each or more. No
negative marking.
HOW TO PREPARECHARTS/ SHORT NOTES/ SUMMARY
Shares
Kinds[ES/PS]
S.43 Nature[Movable]
S.44
Distinct Number
S.45
CertificateSigned
S.46
Voting RightsS.47
VariationS.48
Calls uniform
S.49
AdvanceS.50
Dividends on adv
S.51
20
Alteration of Capital Clause
Change of Capital u/s 61
Ways of Change (5) * Increase of Authorized Share Capital * Consolidation * Conversion of share to stock*Sub-divide (Share split)* Distribution of Capital
Procedure* Ordinary Resolution*File SH - 7 (30 days) *File Amended Memorandum of Association
Reduction of Capital u/s 66
Ways of reduction(3)
* Extinguish / Reduce Liability * Cancel Capital which is lost * Pay off Excess
Procedure *Application to NCLT* GM-SR; MGT -14 * Amend MOA* Objections of CG/ ROC/ SEBI/ Creditors * Objections in 3 months* Follow Accounting Standards
21
Closing of Registers – Sec 91
Reason for closure
Declaration of Dividends, BuyBack, Bonus Issue, Right Shares, etc
Time Limits (Closure Period)
At a time max 30 days Aggregate in a year max 45 days
Procedure
Listed Co. or Co. Intended to be listed
Notice to SEBI & ROC at least 7 days before closure
Two Newspapers Website of Co.
Private Co.
Notice to all members 7 days before closure
MEETINGS OF COMPANY
Shareholders Meeting
General Meeting
Equity Shares
AGMSec 96
EGMSec 100
Class meeting
Preference shares or Variation of Rights Sec.48 r/w 43 (DVR)
Directors Meeting
Board Meeting
All Directors
Committee Meetings
AC NRC SRC
Lenders Meeting (Creditors/Debenture
Holders Meeting
During working
of Co.
During Winding Up
Note:1. AGM – Annual General Meeting2. EGM – Extraordinary General Meeting 3. NRC – Nomination & Remuneration Committee 4. SRC- Stakeholders Relationship Committee 5. AC – Audit Committee
Minutes Sec. 118 & 119
Kept at Registered Officepermanently
Open for inspection for
Minimum 2 hrs a day
Demand copies: Co. Shall furnish copes within 7
days of request on payment of fees
In case of default
Penalty
Co. 25k
OID5K
Order of Inspection by Tribunal
Time of preparation
Within 30 days
☆ Who is supposed to sign
• General meeting: by the chairman of the said meeting or in case of death, by director authorised by board.
• Board Meeting: signed by chairman of the said meeting or chairman of succeeding meeting• Resolution passed by postal ballot: by the chairman of the Board within the aforesaid period
of 30 days or in case of death, by director authorised by board
* Requirements of minutes • Fair and correct summary of the proceedings [Sec 118(2)]
• Confirmation with respect to appointments made at meeting shall be included in minutes [Sec 118(3)]
• Minutes of Board meeting to include: The directors present in the meeting and in case of each resolution, the name of the directors who have dissented [Sec 118(4)]
• Minutes shall not include any matter which in the opinion of the chairman of the meeting is defamatory, irrelevant, immaterial, or detrimental to the interests of the company [Sec 118(5)].
☆• The chairman shall exercise an absolute discretion in regard to the inclusion or non-inclusion
of any matter in the minutes on the grounds specified in this sub-section [Sec 118(6)].
INTEGRATED CASE SCENERIO BASED MCQ
3 MCQs BASED ON CASE SCENERIO
GHWX Private Limited was incorporated in the year 2009. The registered Office of the company. GHWX Private Limited was situated in city T of state V.
The Board of Directors of GHWX Private Limited comprised of five directors namely Mr. K, Mr. N, Mr. R, Mr. U and Mr. W. During the financial year
beginning on 01/04/2018 and ending on 31/03/2019 the second meeting of Board of Directors of GHWX Private Limited was held on 7 September, 2018.
Out of 5 directors, Mr. K, Mr. N, Mr. R and Mr. W , were present for the said meeting. During the meeting of Board of Directors a resolution on one of the
important matters was passed. While three directors namely Mr. K, Mr. N and Mr. R agreed with the resolution and voted in favour of resolution, however,
Mr. W did not agree with the resolution and voted against the resolution.
The minutes of the second meeting of Board of Directors of GHWX Private Limited held on 7 September, 2018 were prepared and they were entered in
Minutes Book of meeting of Board of Directors of GHWX Private Limited. One of the director Mr. K was of the opinion that minutes of second meeting of
Board of Directors of GHWX Private Limited must be prepared and entered in Minute Book of meeting of Board of Directors of GHWX Private Limited by
end of October, 2018. The remaining four directors namely Mr. N, Mr. R, Mr. U and Mr. W, did not agree with the opinion of Mr. K because they thought that
it was not within the time limit as prescribed by the law.
One of the directors, Mr. N. opined that minute books of meetings of Board of Directors of GHWX Private Limited for the years starting with 2009 to 2015
should be shredded to ruins as these papers were taking a lot of space. He further added that since the Companies Act, 2013 is silent as to maintaining
the minute book of meetings of Board of Directors, it is not necessary to maintain such minute books. The Board of Directors of GHWX Private Limited
did not decide any place where minute book of meetings of Board of Directors of GHWX Private Limited will be kept.
Keeping the provisions of the Companies Act, 2013, in mind answer the following multiple choice questions:
The second meeting of Board of Directors of GHWX Private Limited was held on 7 September, 2018 for the financial year 2018-19. The minutes of second meeting of Board of Directors of GHWX Private Limited for financial year 2018 -19 must contain:
(a) Name of director Mr. U who was absent from the meeting of Board of Directors held on 7 September, 2018
(b) Names of all the directors Mr. K, Mr. N, Mr. R, Mr. U and Mr. W comprising Board of Directors of GHWX Private Limited.
(c) Name of one director Mr. U who was absent and atleast one director who was present in the meeting of Board of Directors held on 7 September, 2018.
(d) Names of directors Mr. K, Mr. N, Mr. R and Mr. W who were present in the meeting of Board of Directors held on 7 September, 2018.
In case of the resolution talked in the case study, the minutes of second meeting of Board of Directors of GHWX Private Limited for financial year 2018 -19 held on 7 September, 2018 must contain:
(a) Name of any two directors who were present in meeting and voted in the resolution.
(b) Name of director Mr. W who voted against the resolution.
(c) Name of directors Mr. K, Mr. N and Mr. R who voted in favour of the resolution.
(c) Names of all the directors Mr. K, Mr. N, Mr. R, Mr. U and Mr. W who all had the right to attend the meeting and vote in the resolution.
The opinion of one of the director, Mr. K was that minutes of second meeting of Board of Directors of GHWX Private Limited for financial year 2018-19 must be prepared and entered in minutes book of meeting of Board of Directors of GHWX Private Limited by the end of October, 2018 is incorrect. The opinion of Mr. K is incorrect because:
(a) Minutes of second meeting of Board of Directors of GHWX Private Limited for financial year 2018-19 must be entered in minute book of meeting of Board of Directors within thirty days of the conclusion of meeting on 7 September, 2018.
(b) Minutes of second meeting of Board of Directors of GHWX Private Limited for the financial year 201819 must be entered in minute book of meeting of Board of Directors within sixty days of the conclusion of meeting on 7 September, 2018.
(c) Minutes of second meeting of Board of Directors of GHWX Private Limited for the financial year 2018-19 must be entered in minute book of meeting of Board of Directors within ninety days of the conclusion of meeting on 7 September, 2018.
(c) Minutes of second meeting of Board of Directors of GHWX Private Limited for financial year 2018-19 must be entered in minute book of meeting of Board of Directors within one twenty days of the conclusion of meeting on 7 September, 2018.
DIFFERENCE BETWEEN 164 AND 167
164
Disqualification
Before Appointment
Proposed to be a director
167
Vacation
After Appointment
Existing Director
31Compiled by CA VIJAY RAJA, Bangalore
VACATION OF OFFICE OF DIRECTOR SEC 167
167 (1)
167 (a) to (h)
Grounds for vacation
(8 grounds)
167 (2)
Penalties
Imprisonment upto 1 year Or
Fine – 1L to 5 LOr
Both [It is called
compoundable offence i.e. paying the
fine instead of imprisonment]
167 (3)
All directors vacate
Either Promoter or Central
Government shall appoint
167 (4)
Private companies can provide additional grounds
Similar to 164 (3)
32Compiled by CA VIJAY RAJA, Bangalore
Resident Director 149 (3)
ED as RD
203 r/w 196
Residents in last 12 months
NED as RD
149 (3)
Resident for 182 days
33Compiled by CA VIJAY RAJA, Bangalore
Sec 149 of Companies Act, 2013
Basic Provision 149(1) to (3)
149(1) Basic Misc
Provisions
Individual to be director
Min/Max No. of Directors
Min 123
Max 151515
One women Director
Listed Public Unlisted
Cap – 100 CrT/0-300 Cr
149(2)TransitionProvision
[old law to New Law]Co. Act 1956 -> 2013
149(3)Resident Director
All Companies
Independent Director 149(4) to (13)
149(4) – Applicability of ID §149(5) – Transition Provision§149(6) – Meaning of ID §149(7) – Declaration of Independence §149 (8), (9) – Restrictions / Remunerations §149(10),(11) – Termination/Re-appointment§149(12) – Liability of ID§149(13) – Rotation of Directors Not Applicable to ID
34Compiled by CA VIJAY RAJA, Bangalore
TIME - TABLEWHEN CA EXAMS ARE NEAR
TOPIC - 4
T I M E – T A B L E
1
2
3
4
5
69 AM TO 1 PMMorning Session
1 PM TO 2 PMLunch
2 PM TO 5 PMPost Lunch Session
5 PM TO 6 PMSnacks
6 PM TO 9 PMPre Dinner Session
9 PM TO 9:30 PMDinner
T I M E – T A B L E
TOTAL
7
8
7
12.5 hours/ dayAdd some brief about
the heading
9:30 PM TO 12 AMFinal Session
12 AM TO 7 AMSleep
7 hoursRelaxing Sleep and
start next day in fresh mind
S T U D Y P L A N
150DAYSSTUDY PLAN
90 DAYSTO STUDY
8 SUBJECTS
60 DAYSREVISION
11 DAYSPER SUBJECT
1.5 TO 2CHAPTERS/ DAY
32 DAYS
FIRST REVISION4 DAYS X 8 SUBJECTS
16 DAYS
SECOND REVISION2 DAYS X 8 SUBJECTS
12 DAYS
REVISE IMPORTANT TOPICSPRACTICE QUESTION PAPERS
R E V I S I O N – L A S T 6 0 D A Y S
STUDYINA
QUIETPLACE
ORLIBRARY
DIET PLANDURING PREPARATION PHASE
TOPIC - 5
D I E T P L A N
01Eat smaller,
Frequent meals
02Have a healthy,
wholesome breakfast
03Pay attention to
snacks
04Water is your best
friend
SPORTS/ MEDITATIONAS PART OF STUDY PLAN
TOPIC - 6
01
02
03
04
Improves Concentration and Attention
Stimulates growth of Brain cells
Reduces stress and anxiety
Increases retention of new information
SPORTS AND MEDITATIONHere you can add something in brief as the explanation, this is a demo text which you can
replace by your own content
05
06
07
08
Improves Problem solving skills
Increase IQ levels
Improves blood flow to the brain.
Lower absenteeism, better behavior
SPORTS AND MEDITATIONHere you can add something in brief as the explanation, this is a demo text which you can
replace by your own content
THINGS TO REMEMBER
- ALAN LAKEINFAILING TO PLAN IS PLANNING TO FAIL
EXECUTIONIDEAS DON’T MAKE YOU RICH. THE CORRECT EXECUTION OF IDEA DOES.
TIME IS THE WISEST COUNSELOR OF ALL.- PERICLES
- MARTIN FOWLER
I FIND THAT WRITING UNIT TESTS ACTUALLY INCREASES MY PROGRAMMING SPEED
PLAN
EXECUTION
TIME MANAGEMENT
WRITING SPEED
01POINT
02POINT
03POINT
04POINT
- JULIAN BARNES
MYSTIFICATION IS SIMPLE; CLARITY IS THE HARDEST OF ALL.
- VOLTAIRE
IT IS SAID THAT THE PRESENT IS PREGNANT WITH THE FUTURE
HEADINGIT TAKES 21 DAYS TO CREATE A HABIT, 90
DAYS TO CREATE A LIFESTYLE
- ABRAHAM LINCOLN
THINGS MAY COME TO THOSE WHO WAIT, BUT ONLY THE THINGS LEFT BY THOSE WHO HUSTLE
CONCEPTSCLARITY
PREDICTTREND
21 / 90 RULE
HUSTLE MIND
05POINT
06POINT
07POINT
08POINT
T H A N K S F O R W A T C H I N G
CA VIJAY RAJAPARTNER
GURU AND JANABANGALORE
www.vijayraja.com