In this article, you’ll learn about the exam pattern of the Nov 2024 exam, essential study material for the CA Final Law Paper, the practice manual, previous year’s papers, the syllabus, and the question bank. The Indirect Tax Law is the CA Final Course Paper 5 according to the revised scheme. One must not confuse between the new and old courses. In the old syllabus, CA Final Law Paper 2024 was considered and will be applicable for the exams in Nov 2024.
This article will provide you with important information on the updated syllabus and CA Final law study material for paper 5. This paper’s main objective is to develop competencies and skills. Adopting certain strategies can help one achieve a decent score in the final Corporate and Economic Laws of CA.
Furthermore, ICAI has released the CA final exam date for the Nov 2024 exams. The Exam dates are 1st, 3rd, and 5th for group 1 and 7th, 9th and 11th for group 2 exam. Along with the Exam date ICAI has also released the CA Final Exam form to know the full details click the link.
To make a good impression on the checker, one should first attempt those questions for which one already knows the answers well. One must answer questions in formats like -Heading, relevant legal provision, Facts, Correlation, and finally, a conclusion.
One must try to write precise and to-the-point answers. Also, section numbers and keywords must be underlined. You must never start an answer with yes or no in case-based questions. First, you must explain and lastly, the conclusion should be written. In case you have less time, then write your answer in brief or write a synopsis. If you study Corporate and Economics Law, then you must prioritize your topics. One must definitely have a look at the study material that ICAI provided and understand how one should make answers more presentable. For this subject, multiple revisions are mandatory.
One must understand and make concepts clear in mind before attempting the paper. Different laws and intricacies can be understood while referring to online videos. One can make their own notes stating important things to remember. For easy learning, you can segment things into time periods, limits, form numbers, etc. One should go through critical things like the amendments. For law and audit subjects, you can read loudly while preparing. Before your exam day, you must cover a minimum of three practice papers. One must definitely improve one’s writing speed as this skill plays a crucial role in answering the maximum questions carefully and on time. Corporate and Economic Laws is a tough subject that must be studied attentively with a focused mind.
We have created a comprehensive guide on the CA Final Course for all final students. That article provides all the details about the CA course.
Furthermore, ICAI will release the CA Final Admit Card for the Nov 2024 exam. To know the release date and download process, check the article.
CA Final Law Paper/CA Corporate and Economic Laws
Paper Pattern
- There are a maximum of 7 questions, and one has to answer only 6. Question 1 is compulsory.
- To complete the exam, a maximum of three hours limit is there.
- 100 is the maximum mark on the paper.
- Every question gets assessed according to analytical skill, reporting efficiency, and comprehensive knowledge.
- In each question, there are 3 or 4 sections to solve and address.
- This paper’s assessment will be partially done using the MCQs from the 2024 exam and old patterns. There is a 30:70 assessment ratio.
The CA Final exam dates for the Nov 2024 attempt will soon be released
CA Final Corporate Law and Economic Law Paper Final Syllabus 2024
Syllabus Modules | Chapters |
Module-1 | |
| Section A: Company Law | |
| Chapter 1: Appointment and Qualification of Directors | |
| Chapter 2: Appointment and Remuneration of Managerial Personnel | |
| Chapter 3: Meetings of Board and Its Powers | |
| Chapter 4: Inspection, Inquiry and Investigation | |
| Chapter 5: Compromises, Arrangements and Amalgamations | |
| Chapter 6: Prevention of Oppression and Mismanagement | |
| Chapter 7: Winding Up | |
| Chapter 8: Miscellaneous Provisions | |
| Chapter 9: Adjudication, Special Courts, National Company Law Tribunal & National Company Law Appellate Tribunal | |
| Chapter 10: e-Filing | |
Module-2 | |
| Section B: Securities Laws | |
| Chapter 1: SEBI Act, 1992, SEBI (LODR) Regulations, 2015, SEBI (ICDR) Regulations, 2018, SEBI (SAST) Regulations, 2011 and SEBI (PIT) Regulations, 2015 | |
| Part II: Economic Laws | |
| Chapter 1: The Foreign Exchange Management Act, 1999 | |
| Chapter 2: The Foreign Contribution Regulation Act, 2010 | |
| Chapter 3: The Insolvency and Bankruptcy Code, 2016 |
Under the new scheme, the CA Final Law Paper final syllabus has been revised by ICAI.
Students can visit the given link to check the CA Final New Syllabus for the upcoming examination in May 2024.
CA Final Law Paper or CA Corporate and Economic Laws
Final Notes
ICAI revised the syllabus under the old scheme. Students can download the notes for new schemes according to the CA Final Law Paper syllabus.
- Part I: Corporate Laws
- Module-1
- Initial Pages
- Section-A: Company Law
- Chapter 1: Appointment and Qualifications of Directors
- Chapter 2: Appointment and Remuneration of Managerial Personnel
- Chapter 3: Meetings of the Board and its Powers
- Chapter 4: Inspection, Inquiry and Investigation
- Chapter 5: Compromises, Arrangements and Amalgamations
- Chapter 6: Prevention of Oppression and Mismanagement
- Chapter 7: Winding Up
- Chapter 8: Producer Companies
- Module-2
- Initial Pages
- Section-A: Company Law
- Chapter 9: Companies Incorporated Outside India
- Chapter 10: Miscellaneous Provisions
- Chapter 11: Compounding of Offences, Adjudication, Special Courts
- Chapter 12: National Company Law Tribunal and Appellate Tribunal
- Chapter 13: Corporate Secretarial Practice – Drafting of Notices, Resolutions, Minutes and Reports
- Section-B: Securities Laws
- Module-1
- Part II: Economic Laws
- Module-3
- Initial Pages
- Chapter 1: The Foreign Exchange Management Act, 1999
- Chapter 2: The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002
- Chapter 3: The Prevention of Money Laundering Act, 2002
- Chapter 4: Foreign Contribution Regulation Act, 2010
- Chapter 5: The Arbitration and Conciliation Act, 1996
- Chapter 6: The Insolvency and Bankruptcy Code, 2016
- Module-3
CA Final Law Paper or CA Final Corporate and Economics Law Questions and Answers 2024
Download the CA Final papers mock test papers with their suggested answers for the Nov 2024 exams.
CA Final Law Paper/CA Corporate and Economic Laws
Paper Mock Test
ICAI has revised its syllabus as per the new scheme. From here, one can download the mock papers of the old syllabus ICAI CA Final Law Paper.
CA Final Mock Test Paper for Law:
CA Final Law Paper (CA Corporate and Economic Laws)
RTP of the CA Final
Students can download the CA Final Law Paper RTP New syllabus from here.
- May 2022 – Hindi Medium
- May 2022
- November 2021 – Hindi Medium
- November 2021
- May 2021 – Hindi Medium
- May 2021
- November 2020 – Hindi Medium
- November 2020
Also Know: Strategy to Revise Full Course of CA Final in One Month
CA Final Law Paper(CA Corporate and Economic Laws)
Chapter Wise Weightage
The chapter breakdown and division of modules are done according to the weightage of marks.
CA Final Law Paper Session-wise and Skill-wise Weightage.
| Sections | Units | Weightage |
|---|---|---|
Part -I Corporate Laws | ||
| 1. The Companies Act, 2013 and Rules framed thereunder in its entirety with specific reference to Section 149 Onwards | ||
| i | (i)Appointment and Qualification of Directors (ii)Appointment and remuneration of Managerial Personnel (iii) Meetings of Board and its powers | 30%-35% |
| ii | (iv) Inspection, Inquiry, and Investigation (v) Compromises, Arrangements, and Amalgamations (vi) Prevention of Oppression and Mismanagement | 15%-20% |
| iii | (vii) Winding Up (viii) Companies incorporated outside India (ix) Miscellaneous Provisions (x) Adjudication and Special Courts (xi) National Company Law Tribunal and Appellate Tribunal | 25%-40% |
| 2. Corporate Secretarial Practices- Drafting of Notices, Resolutions, Minutes and Reports | ||
| iv | 1. The Securities Contract (Regulation) Act, 1956 (SCRA) and the Securities Contract (Regulation) Rules, 1957 2. The Securities Exchange Board of India Act, 1992 and SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015. | 15%-20% |
| iv | 1. The Securities Contract (Regulation) Act, 1956 (SCRA) and the Securities Contract (Regulation) Rules, 1957 2. The Securities Exchange Board of India Act, 1992 and SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015. | 15%-20% |
| Sections | Units | Weightage |
|---|---|---|
Part-II Economic Laws | ||
| 1. The Companies Act, 2013 and Rules framed thereunder in its entirety with specific reference to Section 149 Onwards | ||
| i | 1. The Foreign Exchange Management Act, 1999 (FEMA): Introduction, the broad structure of FEMA, definitions, regulation, and management of foreign exchange, contravention, and penalties, and miscellaneous provisions. 2. The Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002- Important Definitions, Management of assets by the Banks and the Financial Institutions. | 20%-30% |
| ii | 3. The Prevention of Money Laundering Act, 2002 (PMLA) – Definitions, Punishment for the Offence of Money laundering, Obligation of Banking Companies, Financial Institutions, and Intermediaries or a person carrying on a designated business or profession, Appellate Tribunal, Special Court, Procedure for Attachment and Confiscation of Property and Recovery of fines and penalties | 20%-30% |
| iii | 4. The Foreign Contribution Regulation Act, 2010 – Definitions, Regulation of Foreign contribution and miscellaneous provisions 5. The Arbitration and Conciliation Act, 1996- General Provisions, Arbitration agreement, Tribunal, Conciliation | 20%-30% |
| iv | 6. The Insolvency and Bankruptcy Code, 2016- Preliminary and Corporate insolvency resolution process.. | 20%-30% |
Important essential notes: This paper’s assessment will be partially done through old patterns and MCQ. There is a 30:70 ratio.
Also Know: How to get rank in CA Final Examination in 3 Months?
Essential tricks and tips to score good marks in CA Final Law Paper
For cracking critical papers like ISCA the syllabus’s clear understanding is required. One can score more marks by adopting the following tricks and tips:-
- Don’t get confused in understanding the question: Question one basically comes from the ISCA paper in case studies. These questions evaluate a person’s understanding and knowledge that one has gained from 34 chapters. Students should read case studies carefully, and the relevant concepts must be identified.
- Don’t write short answers to more marks-weighted questions: Many students write answers very concisely and in short. One should write long answers while attempting questions that carry more marks. If one writes short answers to high-mark questions, then it would be tedious to score high marks. So, before one attempts any question, one should consider mark weightage.
- Don’t ignore the presence of answers: In your answers, one must include the relevant mandatory tables, diagrams, and rough sketches.
- Don’t panic if you don’t understand the question: In the final exam for your evaluation, aptitude questions come from mostly generalized topics. With a cool mind, one can read the question and must not hold any psychological pressure. According to their own way of understanding, students can write the answers.
Must-Know: Tips for CA Final Students to Start Over in A Better Way
What will give you more benefit-Self study or enrollment in coaching classes at CA?
The students who attentively study the ICAI syllabus will definitely lead to success. One can approach teachers who are experienced and impart comprehensive knowledge to them. Before one appears for a tough exam like CA the students must work on their application and analytical abilities. The best thing to crack the final exams of CA is to do self-study. But if you are fully satisfied with self-study then there are other options too. In India, the most renowned CA Final Coaching Center is VSI Jaipur, where one can enrol. It is because of the following reasons:-
- VSI gives maximum top rankers
- Toppers that possess high ranks are in VSI
- Excellent CA Final results are given by VSI
If you are looking forward to CA Final Law Paper 2024, then you should read this article. It comprises an updated Mock Test series, ICAI Study Material, Revision Test Papers, and a Completely updated Syllabus. After preparing well for exams, one can score the best marks. If you are searching for the finest online classes for the CA Final, then in Jaipur, the VSI is the best institute that can provide a person with complete lectures. Pendrive classes are also provided by VSI. For your CA Finals, the team of VSI wishes you good luck for your bright future. One should stay at home, be safe, and study hard.
FAQ’s
Ques. When will the CA Final Exam 2024 take place?
Ans. ICAI has not yet released the Exam date for the CA Final in Nov 2024. As per past experience, the paper will be conducted in Nov 2024.
Ques. How can I get the CA Final Mock Test Papers?
Ans. You can download the CA Final mock test papers from the ICAI official website for the Nov 2024 exams.
Ques. To prepare for the CA Final is it enough to study with the provided Study Material?
Ans. If a person wants to crack a tough exam like the CA Final, then the study material provided by ICAI is more than sufficient. This complete material should be studied completely to obtain extraordinary results in the main exam. Practising the mock test more and more can eventually lead to success in such exams.