Corporate and Other Laws for CA Intermediate

This paper is marked in three moves and lost in one. State the provision, apply it to the facts you were actually given, then conclude — and if the facts contain a date, a number or a named officer, use them, because the examiner put them there to be used. A conclusion with no provision behind it reads as a guess; a provision recited without being applied reads as a page of study material. Where you know the section number, cite it; where you do not, describe the rule accurately, because ICAI's suggested answers award the substance and treat the number as a bonus. Part I is the Companies Act, 2013, and it is best learned as a company's life story rather than as twelve chapters: it is incorporated, it raises capital, it borrows and secures the borrowing, it is governed and it declares dividends, it keeps accounts and is audited. Thresholds are where this paper is won or lost — which company must appoint an internal auditor, which must rotate auditors, which must constitute an audit committee — so keep a single running table of every numerical threshold and revise from that. Part II is only 30 marks but it is the cheapest 30 in the group: the General Clauses Act and interpretation of statutes are short and rule-based, and FEMA is a small, closed set of definitions and route distinctions.