ICMAI Corporate & Economic Laws (CEL) Syllabus 2022

Organisation : The Institute of Cost Accountants of India
Facility : ICMAI Final Course Curriculum 2022
Group : Group – III, Paper 13 – Corporate & Economic Laws (CEL)
Announcement : ICMAI Corporate & Economic Laws (CEL) Syllabus 2022
Website : https://icmai.in/studentswebsite/Syl-2022-Final.php

What is ICMAI Final Course Curriculum?

The Institute of Cost and Management Accountants of India issues the study material for CMA Final 2022. CMA Final study material includes mock test papers, previous year question papers and recommended books. The study material of CMA Final exam 2022 covers the entire syllabus of the program. You should have passed the Intermediate course of ICMAI and enrolled for the CMA Final Course. You should have completed a mandatory 7 day Industry Oriented Training Programme (IOTP) You should have registered for the 3 year Practical Training component of the course and have completed at least 6 months of this.

Syllabus for ICMAI Final Course

The Syllabus for ICMAI Final Course are given below,

Section A: Corporate Laws
1. The Companies Act, 2013
1.1 Company Formation and Conversion
1.1.1 Incorporation of Private Companies, Public Companies, Company Limited by guarantee and Unlimited Companies and their conversions/ reconversion/ re-registration
1.1.2 Formation of Not-for-Profit making Companies
1.1.3 Procedure relating to Foreign Companies Carrying on Business in India
1.1.4 Conversion of LLPs into Private Limited Companies and vice versa

1.2 Investment and loans
1.2.1 Procedure for inter-corporate loans, investments, giving off guarantee and security
1.2.2 Acceptance of deposits, renewal, repayment, default and remedies
1.2.3 Public Deposits and Debt Instruments

1.3 Dividends
1.3.1 Profits and Ascertainment of Divisible Profits
1.3.2 Declaration and Payment of Dividend
1.3.3 Unpaid and Unclaimed dividend – Treatment and Transfer to Investor Education and Protection Fund

1.4 Accounts and Audit
1.4.1 Maintenance of Books of Accounts, Safe Preservation of Records and Accounting Policies
1.4.2 Statutory Auditor, Special Auditor and Cost Auditor – Appointment, Resignation, Removal, Qualification, Disqualification, Rights, Duties and Liabilities
1.4.3 Companies Auditor Report Order (CARO) Rules

1.5 Board of Directors and Key Managerial Personnel
1.5.1 Directors and Key Managerial Personnel – Appointment, Reappointment, Resignation, Removal
1.5.2 Payment of Remuneration to Directors and Key Managerial Personnel and Disclosure
1.5.3 Powers of Board of Directors and Restrictions on the Powers of Directors
1.5.4 Obtaining DIN
1.5.5 Compensation for loss of office
1.5.6 Waiver of Recovery of Remuneration
1.5.7 Making loans to Directors, Disclosure of interest of a Director, Holding of Office or Place of Profit by a Director/relative

1.6 Board Meetings and Procedures
1.6.1 Board Meetings, Minutes and Registers
1.6.2 Corporate Governance and Audit Committee
1.6.3 Duties and Liabilities of Directors
1.6.4 Powers related to – Political Contributions

1.7 Inspection, Inquiry and investigation
1.8 Compromises, Arrangements and Amalgamations

1.9 Prevention of Oppression and Mismanagement
1.9.1 Majority Rule but Minority Protection
1.9.2 Prevention of Oppression and Mismanagement

2. Insolvency and Bankruptcy Code, 2016
2.1 Definitions
2.2 Corporate Insolvency Resolution Process
2.3 Liquidation of a Corporate Person
2.4 Personal Insolvency

3. Corporate Governance and Social Responsibility and Sustainability
3.1 Corporate Governance Issues and Concepts
3.2 Corporate Governance Practices/Codes in India
3.3 Corporate Governance in Family Business
3.4 Corporate Social Responsibility – Nature of Activities, Evaluation of CSR Projects
3.5 Sustainability Management

Section B: Economic Laws & Regulations

4. SEBI Laws and Regulations
4.1 Raising finance from capital markets –IPO
4.2 Insider Trading
4.3 Takeover Code

5. The Competition Act, 2002
5.1 Competition – Meaning, Objectives, Extent and Applicability of:
5.1.1 Anti-Competitive Agreement
5.1.2 Abuse of Dominant Position
5.1.3 Combinations and its Regulations
5.2 Competition Commission of India.

Syllabus : http://www.syllabus.gen.in/uploads/pdf2022/2819-syllabus.pdf

6. Foreign Exchange Management Act, 1999
6.1 Salient Features of FEMA
6.2 Foreign Direct Investment in India (FDI) – Master Directions on FDI
6.3 External Commercial Borrowings, trade credit and structured obligations – Master Directions.
6.4 Liberalized Remittance Scheme (LRS) – Master Directions

7. Laws and Regulations related to Banking Sector
7.1 The Banking Regulation Act, 1949
7.2 Role of Reserve Bank of India
7.3 The Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002

8. Laws and Regulations related to Insurance Sector
8.1 The Insurance Act, 1938
8.2 The Insurance Regulatory and Development Authority Act, 1999

9. Specific Legal Provisions related to MSME Sector
9.1 Definition of MSME
9.2 Rights available to MSME, Measures for promotion of MSME under MSMED Act, 2006

10. Laws and Regulations related to Cyber Security and Data Privacy
10.1 Information Technology Act, 2000 and Rules framed there under, Sensitive Personal Data rules
10.2 Basic Principles of Data Privacy, Data Privacy and Business Intelligence
10.3 Cyber Crime / Cyber Frauds – Meaning, Remedies and Penalties

11. Laws and Regulations related to Anti-Money Laundering
11.1 The Prevention of Money Laundering Act, 2002
11.2 The Prevention of Money Laundering (Maintenance of Records) Rules, 2005