How to Prepare for Corporate and Economic Laws: CA Final Subject-wise Tips
With aspirants scourging the internet to find out preparation strategies for CA Final law, this article was specially designed to give a quick overview on how to prepare for CA Final Corporate and Economic Laws.
With so many articles and sections to study, the subject can be quite daunting and needs one to develop an expertise in law to be able to clear the CA Final Corporate and Economic Law. We at SuperProfs are here to give you a helping hand while you study CA Final law and prepare to crack it!
- Comparison of new v/s old syllabus | CA Final Law
- How to study CA Final Law
- How to score well in CA Final Law
- Online resources to prepare for CA Final Law
Comparison of new v/s old syllabus | CA Final Law
While the new syllabus is not drastically different from the old syllabus, there are a few minor additions and deletions that one should look at while transitioning from old to new syllabus of CA Final Corporate and Economic Laws
- Securities Contract (Regulation) Rules, 1957
- SEBI (Issue of Capital & Disclosure Requirements) Regulations, 2009
- SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015
- Foreign Contribution Regulation Act, 2010
- The Arbitration and Conciliation Act, 1996
- Overview of Banking Regulations Act, 1949
- Insurance Act, 1938
- The Insurance Regulatory and Development Authority Act, 1999
- The Competition Act, 2002
- E – Governance
How to study CA Final Law (Corporate and Economic Laws) : 11 Tips
- While studying for CA Final law, it becomes important to prioritize the topics to ensure that your mind space is not overwhelmed and that you make the best out of your ability to memorize well. Here are the high-priority topics to study: Insolvency and Bankruptcy Code, 2016, Foreign Exchange Management Act, 1999, Winding up, Directors- Appointment, Qualification, Remuneration and Miscellaneous Provision.
- Go through the study material and suggested answers provided by ICAI and understand what kind of answers are expected from you. The presentation matters a lot. The marks you score depend on the adherence to the language used by the institute in its content
- You will require multiple revisions for this subject as you cannot be liberal with the language while quoting laws
- You will not be able to mug up the terms until you understand them. Every law has a reason to exist. Understand the reasons
- Refer to online video for understanding different laws and their intricacies
- Prepare your own notes citing important provisions and sections relevant to the context
- While preparing notes, you can segment and club certain aspects for ease of learning like – Limits, Time Periods, Form numbers etc.
- Go through the amendmentscarefully and thoroughly. These are quite critical for the exam.
- Try reading loudly. It always helps with subjects like law and audit
- Cover at least 3 practice papers before the D-day
- Work on improving your writing speed as that could be a make-or-break skill even if you know maximum answers in the examination
How to score well in CA Final Corporate and Economic Laws.
- Begin with questions to which you know the answers really well. This will help in making a good first impression
- Always answer questions in this format:
- Relevant Legal Provision (With correct section number and correct name of the act with year)
- The fact given in the problem
- Correlation of the legal provision with the facts
- Write crisp, precise and to-the-point answers without beating around the bush.
- Underline keywords and section numbers
- Start every question from a fresh page and write all the parts of one question in the same place.
- For case-based questions, never start your answer with ‘yes’ or ‘no’. You need to explain first and you can conclude at last.
- There’s a chance that you forget some point while answering a particular question. If this happens, just leave some space before starting the next answer. You can come back to this later, once you remember the remaining points
- In case you are short on time and still want to attempt certain questions to which you know the answer, write a synopsis and answer briefly
Online resources to prepare for CA Final Corporate and Economic Laws
Study material: https://www.icai.org/post.html?post_id=13886
Corrigendum to study material: https://resource.cdn.icai.org/54161bos43464.pdf
Revision test paper:
- English: https://resource.cdn.icai.org/53953bos43332-rtpfinalmay19-4.pdf
Mock test paper:
- Answer: https://resource.cdn.icai.org/51806bos41541-finalnew-p4a.pdf
- Question: https://resource.cdn.icai.org/55222bos44438finalnewp4-q.pdf
- Answer: https://resource.cdn.icai.org/55223bos44438finalnewp4-a.pdf
- May 2019: https://resource.cdn.icai.org/55468bos44840p4.pdf
- Nov 2018: https://resource.cdn.icai.org/52618bos42154finalnew-nov18-p4.pdf
- May 2018: https://resource.cdn.icai.org/50164bosfinalqpaper4-new.pdf
- Nov 2018: https://resource.cdn.icai.org/54564bossugansnov18finalp4.pdf
- May 2018: https://resource.cdn.icai.org/50923bos40558-p4.pdf
Questions for practice: https://resource.cdn.icai.org/49634bos39310.pdf
Answers to questions for practice: https://resource.cdn.icai.org/50432bos40117.pdf
You can watch a few demo lectures by SuperProfs for CA and see if you would want to consider subscribing to our video series for a better shot at clearing the CA Examination.
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