CA CMA CS UPSC GATE SSC Exam Updates 2018

CS Professional Syllabus | New Syllabus with Subject wise details

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cs professional syllabus 2019

CS Professional Syllabus as per ICSI

The nomenclature of nine papers of Professional Programme including electives under the new syllabus are as under:

The Scheme of Paper-wise exemption for switch over from Old Syllabus to New Syllabus is as under:

MODULE 1

  1. Advanced Company Law and Practice
  2. Secretarial Audit, Compliance Management and Due Diligence
  3. Corporate Restructuring, Valuation and Insolvency

MODULE 2

  1. Information Technology and Systems Audit
  2. Financial, Treasury and Forex Management
  3. Ethics, Governance and Sustainability

MODULE 3

  1. Advanced Tax Laws and Practice
  2. Drafting, Appearances and Pleadings

Electives (Under Module 3) 1 out of bellow 5 Subjects –

  1. Banking Law and Practice
  2. Capital, Commodity and Money Market
  3. Insurance Law and Practice
  4. Intellectual Property Rights – Law and Practice
  5. International Business-Laws and Practices

DETAILED SYLLABUS FOR CS PROFESSIONAL PROGRAMM

Module 1

PAPER 1: ADVANCE COMPANY LAW AND PRACTICE (100 Marks)

Company Formation and Conversion

  • Choice of Form of Business Entity; Conversion/ Re-conversion of One Form of Business Entity into Another
  • Incorporation of Private Companies, Public Companies, Companies Limited by Guarantee and Unlimited Companies and their Conversions/ Re-conversion/Re-registration
  • Formation of Nidhi Companies, Producer Companies and Mutual Benefit Funds
  • Commencement of Business and New Business; Pre Incorporation Agreements and Contracts
  • Formation of Non Profit Companies
  • Procedure Relating to Foreign Companies Carrying on Business in India

Procedure for Alteration of Memorandum and Articles

  • Alteration of Various Clauses of Memorandum: Name Clause, Situation of Registered Office Clause, Objects Clause, Capital Clause and Liability Clause
  • Effects of Alteration of Articles

Procedure for Issue of Securities

Part A: Shares

  • Public Issue, Rights Issue and Bonus Shares, Issue of Shares at Par/Premium/Discount; Issue of Shares on Preferential /Private Placement Basis
  • Allotment, Calls on Shares and Issue of Certificates
  • Issue of Sweat Equity Shares, Employees Stock Option Scheme (ESOPs), Employees Stock Purchase Scheme (ESPS), Shares with Differential Voting Rights
  • Issue and Redemption of Preference Shares
  • Alteration of Share Capital – Forfeiture of Shares and Reissue of Forfeited Shares; Increase, Consolidation, Conversion and Reconversion into Stock, Subdivision and Cancellation and Surrender of Shares
  • Buy Back of Shares
  • Reduction of Share Capital

Part B: Debt Instruments

  • Issue of Debentures and Bonds, Creation of Security and Debenture Redemption Reserve, Drafting of Debenture Trust Deed, Redemption of Debentures, Conversion of Debentures into Shares
  • Deposits

Procedure relating to Membership, Transfer and Transmission

  • Induction of Members, Nomination of Shares, Variation of Shareholders’ Rights, Cessation of Membership including Dispute Resolution
  • Transfer/Transmission/Transposition
  • Admission of Securities in Electronic Mode
  • Dematerialization/ Rematerialisation of Securities
  • Compliances relating to Insider Trading and Takeovers

Directors and Managerial Personnel

  • Obtaining DIN
  • Directors and Managerial Personnel- Appointment, Reappointment, Resignation, Removal and Varying Terms of Appointment/Re-appointment
  • Payment of Remuneration to Directors and Managerial Personnel and Disclosures thereof; Compensation for Loss of Office
  • Waiver of Recovery of Remuneration
  • Making Loans to Directors, Disclosure of Interest by a Director, Holding of Office or Place of Profit by a Director/Relative
  • Company Secretary – Appointment, Resignation and Removal
  • Company Secretary in Practice – Appointment, Resignation and Removal

Meetings

  • Collective Decision Making Forums – Authority, Accountability, Delegation and Responsibility
  • Board Meetings – Convening and Management of Meetings of Board and Committees; Preparation of Notices and Agenda Papers
  • General Meetings – Convening and Management of Statutory Meeting, Annual and Extra-Ordinary General Meetings, Class Meetings; Creditors’ Meetings; Preparation of Notices and Agenda Papers; Procedure for Passing of Resolutions by Postal Ballot; Voting through Electronic Means; Conducting a Poll and Adjournment of a Meeting
  • Post-Meeting Formalities – Preparation of Minutes and Dissemination of Information and Decisions

Auditors

  • Auditors – Procedure for Appointment/Re-appointment, Resignation and Removal of Statutory Auditors and Branch Auditors; Appointment of Cost Auditors
  • Special Auditors; CAG audit

Distribution of Profit

  • Ascertainment of Distributable Profits and Declaration of Dividend; Payment of Dividend
  • Claiming of Unclaimed/Unpaid Dividend; Transfer of Unpaid/Unclaimed Dividend to Investor Education and Protection Fund

Procedure relating to Charges

  • Creation and Registration, Modification, Satisfaction of Charges
  • Inspection of charges

Procedure relating to Inter-Corporate Loans, Investments, Guarantees and Security

  • Making Inter-Corporate Loans, Investments, Giving of Guarantee and Security

Preparation & Presentation of Reports

  • Preparation of Financial Statements, Auditors’ Report, Directors’ Report and Report on Corporate Governance

E- Filing

  • Filling and Filing of Returns and Documents
    (a) Annual Filing, i.e., Annual Accounts; XBRL Filing, Compliance Certificate, Annual Return
    (b) Event Based Filing

Striking off Names of Companies

  • Law and Procedure

Recent Trends and Developments in Company Law

Trusts and Non-Profit Organisation

PAPER 2: SECRETARIAL AUDIT, COMPLIANCE MANAGEMENT AND DUE DILIGENCE (100 Marks)

Part A: Secretarial Audit (25 Marks)

Secretarial Standards

  • Concept, Scope and Advantages
  • Secretarial Standards issued by the ICSI
  • Compliance of Secretarial Standards for Good Governance
  • Relevance of Guidance Note(s)

Secretarial Audit

  • Need, Objective and Scope
  • Periodicity and Format for Secretarial Audit Report
  • Benefits of Secretarial Audit
  • Professional Responsibilities and Penalties

Checklist for Secretarial Audit

Part B: Due Diligence and Compliance Management (75 Marks)

Due Diligence – An Overview

  • Introduction, Nature, Need and its Significance
  • Objectives, Scope and Types of Due Diligence
  • Process of Due Diligence
  • Concept of Data Room in Due Diligence
  • Due Diligence vs. Audit

Issue of Securities

  • Introduction and Regulatory Framework
  • Pre and Post Issue Due Diligence – IPO/FPO
  • Due Diligence – Preferential Issues of Listed and Unlisted Companies
  • Employee Stock Option, Bonus Issue, Rights Issue, Debt Issues
  • Issue of Securities by SMEs
  • Role of Company Secretary in Issue of Securities

Depository Receipts Due Diligence

  • Introduction; Broad Regulatory Framework; Parties, Approvals, Documentation and Process
  • Issue of ADRs, GDRs, IDRs and FCCBs

Merger & Acquisition (M&A) Due Diligence

  • Introduction
  • Stages of M&A Due Diligence
  • Data Room Management
  • Business, Financial, Legal and Corporate Governance Due Diligence
  • HR and Cultural Due Diligence
  • Impact of Due Diligence on Valuation
  • Takeovers and Acquisitions Due Diligence

Competition Law Due Diligence

  • Introduction
  • Need for Competition Compliance Programme
  • Mergers & Acquisitions and Competition Law Aspects
  • Reasons for Due Diligence of Competition Law Aspects
  • Process of Due Diligence of Competition Law Aspects
  • Due Diligence of Various Agreements
  • Some Common Anti Competitive Practices
  • Due Diligence on Abuse of Dominance
  • Due Diligence Checklist for Compliance with Competition Act, 2002
  • Checklist for Anti Competitive Agreements/Abuse of Dominant Position/Regulation of Combinations

Legal Due Diligence

  • Introduction
  • Objectives, Scope, Need and Process
  • General Documents/Aspects to be covered
  • Possible Hurdles in Carrying out a Legal Due Diligence and Remedial Actions

Due Diligence for Banks

  • Introduction
  • Need for Due Diligence for Banks
  • Process of Due Diligence for Banks
  • Due Diligence Report to Banks

Environmental Due Diligence

  • Introduction
  • Need for Environmental Due Diligence
  • Process involved in Environmental Due Diligence
  • Regulatory Framework relating to Environment
  • Check List on Major Regulatory Compliance
  • Environmental Guidelines for Industries by Ministry of Environment
  • Environmental Impact Assessment
  • Environmental Management Plan
  • Preparation of Risk Analysis Matrix
  • Identification of Potential Issues
  • Impact Analysis
  • Suggestions and Mitigation Measures

Search and Status Reports

  • Importance and Scope
  • Verification of Documents relating to Charges
  • Requirements of Financial Institutions and Corporate Lenders
  • Preparation of Report

Compliance Management

  • Concept and Significance
  • Establishment of Compliance Management System
  • Absolute, Apparent and Adequate Compliance

PAPER 3: CORPORATE RESTRUCTURING, VALUATION AND INSOLVENCY (100 Marks)

Part A – Corporate Restructuring (50 Marks)

Introduction and Concepts

  • Meaning of Corporate Restructuring
  • Need, Scope and Modes of Restructuring
  • Historical Background
  • Emerging Trends
  • Planning, Formulation and Execution of Various Corporate Restructuring Strategies – Mergers, Acquisitions, Takeovers, Disinvestments and Strategic Alliances, Demerger and Hiving off
  • Expanding Role of Professionals

Merger and Amalgamation

  • Introduction Legal, Procedural, Economic, Accounting, Taxation and Financial Aspects of Mergers and Amalgamations including Stamp Duty and Allied Matters
  • Interest of Small Investors
  • Merger Aspects under Competition Law
  • Jurisdiction of Courts; Filing of Various Forms
  • Amalgamation of Banking Companies and Government Companies
  • Cross Border Acquisition and Merger

Corporate Demerger and Reverse Merger

  • Concept of Demerger; Modes of Demerger – by Agreement, under Scheme of Arrangement
  • Demerger and Voluntary Winding Up
  • Legal and Procedural Aspects; Tax Aspects and Reliefs
  • Reverse Mergers – Procedural Aspects and Tax Implications

Takeover

  • Meaning and Concept
  • Types of Takeovers; Legal Aspects – SEBI Takeover Regulations
  • Disclosure and Open Offer Requirements
  • Bail Out Takeovers and Takeover of Sick Units
  • Takeover Defences
  • Cross Border Takeovers

Funding of Merger and Takeover

  • Financial Alternatives; Merits and Demerits
  • Funding through various Types of Financial Instruments including Equity and Preference Shares, Debentures, Securities with Differential Rights, Swaps, Stock Options; ECBs, Funding through Financial Institutions and Banks
  • Rehabilitation Finance
  • Management Buyouts/Leveraged Buyouts

Financial Restructuring

  • Reduction of Capital
  • Reorganization of Share Capital
  • Buy-Back of Shares – Concept and Necessity
  • Procedure for Buy-Back of Shares by Listed and Unlisted Companies

Post Merger Reorganization

  • Factors involved in Post Merger Reorganization
  • Integration of Businesses and Operations
  • Assessing Accomplishment of Post Merger Objectives; Measuring Post Merger Efficiency

Case Studies

Part B – Valuation (30 Marks)

Introduction

  • Meaning, Objective & Scope of Valuation
  • Principles of Valuation
  • Preliminary Work relating to Valuation
  • Valuation Standards and Valuation Analysis

Valuation Techniques

  • Historical Earnings Valuation
  • Asset Based Valuation
  • Market Based Valuation

Regulatory and Taxation Aspects

  • Legal & Regulatory aspects related to Valuation such as SEBI Regulations/ RBI Regulations
  • Income Tax Implications

Valuations for Different Strategies

  • Merger & Acquisition, Demerger, Slump Sale
  • Liquidation and Corporate Insolvency
  • Internal & External Restructuring
  • Valuation of Intangibles
  • Valuation of Securities

Part C – Insolvency (20 Marks)

Introduction

  • Concept of Insolvency, Historical Developments
  • History of Bankruptcy Laws in USA, UK and India

Revival, Rehabilitation and Restructuring of Sick Companies

  • Sick Companies and their Revival with Special Reference to the Law and Procedure relating to Sick Companies
CA CS CMA Free Lectures

Securitization and Debt Recovery

  • Overview of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002; Process; Participants
  • Special Purpose Vehicle (SPV), Asset Reconstruction Companies (ARCs), Qualified Institutional Buyers (QIB)
  • Overview of the Recovery of Debts Due to Banks and Financial Institutions Act, 1993
  • Tribunal, Procedure; Compromises and Arrangements with Banks and Creditors

Winding Up

  • Concept; Modes of Winding Up; Administrative Machinery for Winding Up
  • Winding up Process and Procedure; Managing Stakeholders and Parties in Liquidation; Conducting Meetings of Shareholders/Creditors; Dealing with Contracts; Managing Estate
  • Outsourcing Responsibilities to Professionals/Service providers such as Valuers, Security Agencies
  • Best Practices in Performing Liquidation/ Administrator Functions; Accountability and Liabilities; Role of Liquidators and Insolvency Practitioners
  • Consequences of Winding Up; Winding Up of Unregistered Companies; Dissolution

Cross Border Insolvency

  • UNCITRAL Model Law on Cross Border Insolvency
  • UNCITRAL Legislative Guide to Insolvency Law
  • World Bank Principles for Effective Insolvency and Creditor Rights
  • Asian Development Bank Principles of Corporate Rescue and Rehabilitation
  • Bankruptcy under Chapter 11 of US Professional Programme

MODULE 2

PAPER 4: INFORMATION TECHNOLOGY AND SYSTEMS AUDIT (100 Marks)

Information Technology Law

  • Information Technology Act – Definitions, Important terms under
  • Information Technology Legislation
  • Digital Signatures
  • Electronic Records
  • Certifying Authority
  • Digital Signature Certificate
  • Cyber Regulation Appellate Tribunal
  • Offences and Penalties

Information Systems

  • Systems- An Overview,
  • Information and Data: Definition and Distinctions
  • Information as a Corporate Resource
  • Features and Qualities of Information
  • Types of Information
  • Process of Generating Information
  • Value and Cost of Information
  • Information Needs at Various Levels of Management
  • Factors Influencing Information Needs
  • Information Systems: Definition and Elements
  • Information System Activities
  • Types of Information Systems
  • Information Systems in Business Management
  • Recent Trends in Information Systems

Computer Hardware – An Overview

  • Computers: An Introduction
  • Computer System: Concept, Types, Categories and Emerging Technologies
  • Components of a Computer System
  • Primary and Secondary Storage, Computer Storage Capacities
  • Computer Peripherals – Inputs, Output and Storage Devices

Computer Software – An Overview

  • Computer Software: An Introduction, Software Trends
  • Multi-Programming, Multi-Processing, Time Sharing, Batch Processing
  • On-Line and Real Time Processing
  • Application Software
  • Systems Securities

Database Management

  • Data Base Concepts
  • Data Structure
  • Data Base Management System
  • Data Base Files
  • Data Mining and Warehousing

Programming – An overview

  • Programming: Concepts, Stages of Programming
  • Programme Development Approach
  • Algorithm, Flow Charting Concepts
  • High Level Languages
  • Machine Level Languages

Internet and Other Technologies

  • Internet and World-Wide Web, Intranets, Extranets, Applications Of Internet,Internet Protocols
  • E-Commerce – Nature, Types (B2B, B2C, C2C), Supply Chain Management, CRM, Electronic Data Interchange (EDI), Electronic Fund Transfers (EFT), Payment Portal, E-Commerce Security
  • Mobile Commerce, Bluetooth and Wi-Fi

Management Information Systems – An Overview

  • Concept, Evolution and Elements
  • Structure
  • Computerized MIS
  • Approaches of MIS Development
  • Pre-requisites of an Effective MIS
  • MIS and Decision Support Systems
  • MIS and Information Resource Management
  • Artificial Intelligence and Expert System

Enterprise Resource Management

E-Governance in India

Systems Audit – An Overview

  • Nature, Significance and Scope of Systems Audit
  • Steps Involved in Conducting Systems Audit
  • Systems Audit and Management Functions
  • Systems Audit of Computerized Secretarial Functions
  • Norms and Procedure for Computerization, Computers Control and Security
  • Testing of Computer Systems – Documentation Standards, Policies and Procedures, Audit Approach

PAPER 5: FINANCIAL, TREASURY AND FOREX MANAGEMENT (100 Marks)

Nature and Scope of Financial Management

  • Nature, Significance, Objectives and Scope (Traditional, Modern and Transitional Approach)
  • Risk-Return and Value of the Firm
  • Financial Distress and Insolvency
  • Financial Sector Reforms and their Impact
  • Functions of Finance Executive in an Organisation

Capital Budgeting

  • Time Value of Money
  • Planning and Control of Capital Expenditure
  • Capital Budgeting Process
  • Techniques of Capital Budgeting- Discounted and Non-discounted Cash Flow Methods, Choice of Methods
  • Capital Rationing; Risk Evaluation and Sensitivity Analysis, Simulation for Risk Evaluation
  • Linear Programming and Capital Budgeting Decisions – under Constraints and with Multiple Objectives using Mathematical Programming Models, Inflation, Uncertainty and Evaluation using Statistical Decision Theory
  • Analysis of Capital Budgeting Decisions- Some Case Studies

Capital Structure

  • Meaning and Significance
  • Capital Structure vis-à-vis Financial Structure; Planning and Designing; Optimal Capital Structure
  • Determinants of Capital Structure; Capital Structure and Valuation – Theoretical Analysis
  • EBIT – EPS Analysis, EBITDA Analysis (Earning before Interest, Tax, Depreciation and Amortization)
  • Risk and Leverage; Measures of Operating and Financial Leverage, Effects of Leverage on Shareholders’ Returns

Cost of Capital

  • Meaning; Factors Affecting Cost of Capital
  • Measurement of Cost of Capital, Weighted Average Cost of Capital, Marginal Cost of Capital

Financial Services

  • Meaning, Significance, Scope and Structure of Financial Services
  • Types of Financial Services- Merchant Banking, Securitization of Debt, Loan Syndication, Housing Finance, Custodial and Advisory

Project Finance

  • Project Planning – Preparation of Project Report
  • Project Appraisal under Normal, Inflationary and Deflationary Conditions
  • Project Appraisal by Financial Institutions – Lending Policies and Appraisal Norms by Financial Institutions and Banks; Loan Documentation, Project Review and Control; Social Cost and Benefit Analysis of Project. (UNIDO Approach), Term Loans from Financial Institutions and Banks; Lease and Hire Purchase Finance; Venture Capital Funds; Private Equity; International Finance and Syndication of Loans, Deferred Payment Arrangements; Corporate Taxation and its Impact on Corporate Financing
  • Financing Cost Escalation

Dividend Policy

  • Introduction; Types, Determinants and Constraints of Dividend Policy
  • Forms of Dividend
  • Different Dividend Theories – Walter’s Model, Gordon’s Model and Modigliani-Miller Hypothesis of Dividend Irrelevance
  • Dividend Policy – Practical and Legal Constraints
  • Corporate Dividend Practices in India

Working Capital

  • Meaning, Types, Determinants and Assessment of Working Capital Requirements, Negative Working Capital
  • Operating Cycle Concept and Applications of Quantitative Techniques
  • Management of Working Capital – Cash, Receivables, Inventories; Financing of Working Capital; Banking Norms and Macro Aspects
  • Factoring and Forfeiting

Security Analysis and Portfolio Management

  • Security Analysis – Measuring of Systematic and Unsystematic Risk, Fundamental Analysis (Economic, Industry and Company), Technical Approach and Efficient Capital Market Theory
  • Portfolio Management – Meaning, Objectives; Portfolio Theory – Traditional Approach; Fixed and Variable Income Securities, Markowitz Portfolio Theory; Modern Approach – CAPM Model; Economic Value Added, Sharpe Single & Multi Index Model; Arbitrage Pricing Theory (APT); Risk Adjusted Measure of Performance

Derivatives and Commodity Exchanges- An Overview

Treasury Management

  • Meaning, Objectives, Significance, Functions and Scope of Treasury Management
  • Relationship between Treasury Management and Financial Management; Role and Responsibilities of Chief Finance Officer
  • Tools of Treasury Management; Internal Treasury Controls; Environment for Treasury Management
  • Liquidity Management, Regulation, Supervision and Control of Treasury Operations, Implications of Treasury on International Banking

Forex Management

  • Nature, Significance and Scope of Forex Management
  • Foreign Exchange Market and its Structure
  • Foreign Exchange Rates and its Determination
  • Exchange Rate Quotes; Types of Exchange Rates; Forex Trading; Currency Futures and Options
  • Foreign Exchange Risk Exposures and their Management; Exchange Rate Forecasting; Risk in Foreign Exchange Business

Practical Problems and Case Studies

PAPER 6: ETHICS, GOVERNANCE AND SUSTAINABILITY (100 Marks)

Part A: Ethics and Governance (70 Marks)

Introduction

  • Ethics, Business Ethics, Corporate Governance, Governance through Inner Consciousness and Sustainability
  • Failure of Governance and its Consequences

Ethical Principles in Business

  • Role of Board of Directors
  • Organisation Climate and Structure and Ethics
  • Addressing Ethical Dilemmas
  • Code of Ethics; Ethics Committee; Ethics Training; Integrity Pact
  • Case Studies and Contemporary Developments

Conceptual Framework of Corporate Governance

  • Introduction, Need and Scope
  • Evolution of Corporate Governance
  • Developments in India
  • Developments in Corporate Governance – A Global Perspective
  • Elements of Good Corporate Governance

Board Effectiveness – Issues and Challenges

  • Board Composition; Diversity in Board Room; Types of Directors; Board’s Role and Responsibilities
  • Chairman, CEO, Separation of Roles
  • Relationship between Directors and Executives
  • Visionary Leadership
  • Board Charter, Meetings and Processes
  • Directors’ Training and Development
  • Performance Evaluation of Board and Directors

Board Committees

  • Introduction
  • Various Board Committees, their Composition, Role and Responsibilities, Contribution to Board Governance
    >>Audit Committee
    >>Shareholders Grievance Committee
    >>Remuneration Committee
    >>Nomination Committee
    >>Corporate Governance Committee
    >>Corporate Compliance Committee
    >>Other Committees

Legislative Framework of Corporate Governance in India

  • Under Listing Agreement, SEBI Guidelines, Companies Act
  • Corporate Governance in
    >>PSUs
    >>Banks
    >>Insurance Companies

Legislative Framework of Corporate Governance – An International Perspective

  • Australia
  • Singapore
  • South Africa
  • United Kingdom
  • Contemporary Developments in the Global Arena

Risk Management and Internal Control

  • Risk and its Classification
  • Risk Management and Oversight
  • Enterprise Risk Management
  • Internal Control
  • Roles and Responsibilities of Internal Control
  • Disclosure about Risk, Risk Management and Internal Control

Corporate Governance and Shareholder Rights

  • Rights of Shareholders
  • Challenges in Exercising Shareholders Rights
  • Corporate Governance issues with regard to Related Party Transactions
  • Role of Investor Associations in Securing Shareholders Rights
  • Role of Institutional Investors in Corporate Governance

Corporate Governance and Other Stakeholders

  • Employees
  • Customers
  • Lenders
  • Vendors
  • Government
  • Society

Corporate Governance Forums

  • The Institute of Company Secretaries of India
  • National Foundation for Corporate Governance
  • Organisation for Economic Co-operation and Development
  • Global Corporate Governance Forum
  • Institute of Directors
  • Commonwealth Association of Corporate Governance
  • International Corporate Governance Network
  • The European Corporate Governance Institute
  • Conference Board
  • The Asian Corporate Governance Association
  • Corporate Secretaries International Association

Part B: Sustainability (30 Marks)

Sustainability

  • Meaning and Scope
  • Corporate Social Responsibility and Corporate Sustainability
  • Sustainability Terminologies and Meanings
  • Why is Sustainability an Imperative
  • Sustainability Case Studies
  • Triple Bottom Line (TBL)

Corporate Sustainability Reporting Frameworks

  • Global Reporting Initiative Guidelines
  • National Voluntary Guidelines on Social, Environmental and Economic Responsibilities of Business
  • International Standards
  • Sustainability Indices
  • Principles of Responsible Investment
  • Challenges in Mainstreaming Sustainability Reporting
  • Sustainability Reporting Case Studies

Legal Framework, Conventions, Treaties on Environmental and Social Aspects

Principle of Absolute Liability – Case Studies

Contemporary Developments – Integrated Reporting

MODULE 3

PAPER 7: ADVANCED TAX LAWS AND PRACTICE (100 Marks)

PART A: Direct Tax Management (30 Marks)

Chapter 1: Taxation of Individual Entities, Partnership, LLP, Companies.

Chapter 2: International Taxation Covering Taxation of Non Resident Entities, Advance Ruling, Transfer Pricing, Direct tax Avoidance Agreement.

Chapter 3: Case studies and Practical Problems covering Advance Tax Planning relating to Companies and Business Entities.

Part B: Central Excise, Customs, VAT and Service Tax (70 Marks)

Introduction

  • Special Features of Indirect Tax Levies – All Pervasive Nature, Contribution to Government Revenues; Constitutional Provisions Authorizing the Levy and Collection of Duties of Central Excise and Customs

Central Excise Laws

  • Basis of Chargeability of Duties of Central Excise – Goods, Manufacture, Classification and Valuation of Excisable Goods
  • CENVAT Credit Mechanism
  • Registration, Assessment, Provisional Assessment, Manner of Payment of Duty, Exemption, Recovery and Refunds of Duties
  • Clearance of Excisable Goods; Invoice System, Central Excise Bonds; Maintenance of Accounts and Records and Filing of Returns, Large Tax Payer Units, Excise Audit 2000, Audit u/s 14 and 14AA of Central Excise Act 1944
  • Exemption to First Clearance of Specified Goods
  • Export Incentives under Central Excise such as SEZs, STPI, EHTP, EPZ
  • Investigation, Adjudication, Appeal and Revision, including Appearance before CESTAT by Company Secretary as Authorized Representative; Settlement of Cases, Advance Ruling
  • Search, Seizure, Arrest, Prosecution and Compounding; Offences and Penalty
  • Miscellaneous Provisions under Central Excise

Customs Laws

  • Levy of Customs Duties, Types of Customs Duty Leviable, Tariff Classification & Exemptions, Valuation of Imported and Exported goods
  • Provision of Assessment, Payment of Duties, Recovery and Refund of Customs Duties
  • Duty Drawback
  • Procedure for Clearance of Imported and Exported Goods
  • Transportation and Warehousing
  • Confiscation of Goods and Conveyances and Imposition of Penalties; Search, Seizure and Arrest, Offences and Prosecution Provisions
  • Adjudication, Appeal and Revision; Settlement of Cases, Advance Ruling
  • Other Relevant Areas and Case Studies under Custom Laws and Rules

Promissory Estoppel in Fiscal Laws – Principles and Applicability with reference to Indirect Taxes

Tax Planning and Management – Scope and Management in Customs, with Specific Reference to important Issues in the Respective Areas

Goods and Service Tax (GST) – Concept and Developments

Background, Concept and Mechanism of VAT, Classification, Invoicing, Exemption, Returns, Refunds, Demands, Appeals, Revisions, Liability under VAT

Set off and Composition Scheme, Computation of VAT, Assessment, VAT on Works Contract, Right to use Property, Rate of Tax, Procedural Aspects including Registration, Preparation and Filing of E-Returns, Audit and Appearances

PAPER 8: DRAFTING, APPEARANCES AND PLEADINGS (100 Marks)

General Principles of Drafting and Relevant Substantive Rules

  • Drafting: Concept, General Principles and relevant substantive rules thereof
  • Basic Components of Deeds, Endorsements and Supplemental Deeds, Aids to Clarity and Accuracy, Legal Requirements and Implications

Drafting and Conveyancing relating to Various Deeds and Agreements

  • Conveyancing in General, Object of Conveyancing
  • Drafting of various Agreements including Sale Agreements, Joint Venture and Foreign Collaboration Agreements, Arbitration; Guarantees, Counter Guarantees; Bank Guarantee, Hypothecation Agreement, Outsourcing Agreements, Service Agreements, E-Contracts, Leave and License, IPR Agreements,
  • Promissory Note, Power of Attorney- General and Special, Will, Relinquishment Deed, Deed of Dissolution of Partnership, HirePurchase Agreement, Deed of Family Settlement and Other Deeds
  • Deed of Sale of Land, Building, Mortgage, License, Lease, Assignment, Trust, Gift, Partnership
  • Drafting of Writs, Partnership Deed, Sale Agreements, Collaboration Agreements, Hypothecation Agreements, EContracts
  • Drafting of Legal Opinion
  • Shareholder’s Agreement

Drafting of Agreements under the Companies Act

  • Pre incorporation Contracts; Memorandum and Articles of Association and other Agreements like slump sale

Pleadings

  • Pleadings in General; Object of Pleadings; Fundamental Rules of Pleadings
  • Civil: (i) Plaint Structure; Description of Parties (ii) Written Statement (iii) Interlocutory Application (iv) Original Petition (v) Affidavit (vi) Execution Petition and (vii) Memorandum of Appeal and Revision (viii) Petition under Article 226 and 32 of the Constitution of India (ix) Special Leave Petition
  • Criminal: (i) Complaints (ii) Criminal Miscellaneous Petition (iii) Bail Application and (iv) Memorandum of Appeal and Revision
  • Application for Setting Aside Ex-Parte Decree; Ordinary Suit of Recovery; Suit under Order XXXVII of Code of Civil Procedure, 1908
  • Suit for Permanent Injunction; Application for Temporary Injunction; Suit for Specific Performance; General Principles of Criminal Proceedings; Application under Section 125 of Code of Criminal Procedure, 1973; F.I.R under Section 154 of Code of Criminal Procedure, 1973

Appearances

  • Appearance before Tribunals/Quasi Judicial Bodies such as CLB, SAT, NCLT, CCI, TRAI, Tax Authorities and Appellate Tribunals
  • Drafting of Affidavit in Evidence; Arguments on Preliminary Submissions, Arguments on Merits; Legal Pleadings and Written Submissions
  • Dress Code, Etiquettes and Court Craft

Compounding of Offences

  • Compounding of Offences under the Companies Act, SEBI Act, FEMA
  • Consent Orders

Practical Exercises

  • Notice to the Tenant under section 106 of Transfer of Property Act
  • Notice under Section 80 of Code of Civil Procedure, 1908
  • Reply to Notice
  • General Power of Attorney
  • Will
  • Agreement to Sale
  • Deed of Sale
  • Suit for Dissolution of Partnership
  • Petition for grant of Probate / Letters of Administration
  • Petition under Section 397 of Companies Act, 1956
  • Application for Appointment of Receiver/Local Commissioner
  • Application for Compromise of Suit
  • Application for Appointment of Guardian
  • Application to Sue as an Indigent Person under Order 33, Code of Civil Procedure
  • Appeal from Original Decree under Order 41, Code of Civil Procedure
  • Appeal from Orders under order 43 of Code of Civil Procedure
  • Revision Petition / Review Petition
  • Application under Section 5 of Limitation Act
  • Application for Execution
  • Application for Caveat Section 148A of Code of Civil Procedure
  • Writ Petition
  • Application under Section 482 of Code of Civil Procedure
  • Compounding of Offences by way of Compromise under Section 320(i) Code of Criminal Procedure
  • Lease Deed / Mortgage Deed
  • Special Power of Attorney
  • Relinquishment Deed
  • Partnership Deed / LLP Agreement
  • Reference to Arbitration and Deed of Arbitration
  • Deed of Gift
  • Notice under Section 434 of the Companies Act
  • Notice for Specific Performance of Contract

DETAILED SYLLABUS OF ELECTIVE PAPERS UNDER PROFESSIONAL PROGRAMME

(It shall be compulsory for the students to opt any one of the five elective papers)

ELECTIVE PAPER 1: BANKING LAW AND PRACTICE (100 Marks)

Regulatory Framework and Compliances

A. Provisions of RBI Act 1935, Banking Regulation Act 1949, Prevention of Money Laundering Act, 2002
B. Government and RBI’s Powers

  • Opening of New Banks and Branch Licensing
  • Constitution of Board of Directors and their Rights
  • Banks Share Holders and their Rights
  • CRR and SLR Concepts
  • Cash-Currency Management
  • Winding up – Amalgamation and Mergers
  • Powers to Control Advances – Selective Credit Control – Monetary and Credit Policy
  • Audit and Inspection
  • Supervision and Control – Board for Financial Supervision – its Scope and Role
  • Disclosure of Accounts and Balance Sheets
  • Submission of Returns to RBI
  • Corporate Governance

Legal Aspects of Banking Operations

  • Case Laws on Responsibility of Paying and Collecting Banker Indemnities or Guarantees – Scope and Application – Obligations of a Banker – Precautions and Rights – Laws relating to Bill Finance, LC and Deferred Payments – Laws Relating to Securities – Valuation of Securities – Modes of Charging Securities – Lien, Pledge, Mortgage, Hypothecation etc. – Registration of Firms/Companies – Creation of Charge and Satisfaction of Charge

Banking Related Laws

  • Law of Limitation – Provisions of Bankers Book Evidence Act – Special Features of Recovery of Debts Due to Banks and Financial Institutions Act, 1993
  • TDS
  • Banking Cash Transaction Tax
  • Service Tax
  • Asset Reconstruction Companies
  • The Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002
  • The Consumer Protection Act, 1986
  • Banking Ombudsman
  • Lok Adalats
  • Lender’s Liability Act

Banker – Customer Relations

  • The legal relationship between the Banker and Customer, the Multifarious Transactions between them and the Rights and Duties of the Parties springing out of such relationship
  • Nature of Banking Business
  • Legal Nature of Banker-Customer Relationship and their Mutual Rights and Duties
  • Special Categories of Customers, such as Corporations, Partnership Firms, Hindu Joint Families, Unincorporated Bodies, Trusts, Joint Account Holders, Minors, Nominee Accounts, Liquidator, Mercantile Agents, Non-Resident Indians, Foreigners and the Legal Incidence of Each
  • Different Types of Accounts such as Current Accounts, Savings Bank Account and Fixed Deposits
  • Other Transactions between Banker and Customer such as Safe Deposit Vaults, Financial Advice, Letters of Introduction and Other Services Rendered by Banks
  • Special features of the relationship between banker and customer – Their mutual rights and duties – lien – Power to combine different accounts – Secrecy of account

Loans and Advances

  • Law, Practice and Policies governing the employment of the funds in the hands of the banker with special reference to the lending banker
  • State Policy on Loans and Advances – Priority sector advances and socio-economic policies – Financial inclusion – SelfEmployment Schemes – Women Entrepreneurs – Small Scale Industries – Agricultural Finance, Export Finance, etc. – Micro Finance – How the banker profitably uses the fund – Call loans and loans repayable at short notice – Loans and advances – Overdrafts – Legal control over bank’s deployment of funds

Securities for Banker’s Loans

  • The legal issues involved in and the practice governing the different kinds of securities for banker’s advances and loans
  • Guarantees, pledge, lien, mortgage, charge – subject matters of collateral security
  • Corporate Securities
  • Documents of title to goods
  • Land and Buildings
  • Book debts
  • Life Policies
  • Factoring; Bill Discounting; Bank Guarantees; Letters of Credit; Commercial Papers

Financial Analysis of Banks

  • Introduction; Role of financial analysis in financial management; Techniques of Financial Analysis; DuPont Model of Financial Analysis; Special issues in Financial Analysis of Banking Industry

Financial System Contemporary and Emerging Issues: An Overview

  • Introduction; Role of Financial System; Capital Flow Through Intermediary Financial Institutions; Direct Capital Flow; Primary Market Products; Primary Market Issue Facilitators; Secondary Market; Economic Importance of Financial Markets.

International Banking Management

  • International Banking : An Overview
  • Legal & Regulatory Framework
  • International Banking Operations Management
  • Risk Management in International Banking
  • Special Issues: Technology and International Banking; Globalisation and International Banking; Financial Innovations in International Banking
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Electronic Banking and IT in Banks

  • IT in Banking : An Introduction
  • IT Applications in Banking- Computer-Based Information Systems for Banking; Electronic Banking; Electronic Fund Management
  • Enabling Technologies of Modern Banking- Electronic Commerce and Banking; Supply Chain Management; Customer Relationship Management; Integrated Communication Networks for Banks
  • Security and Control Systems – Cybercrimes and fraud management
  • Planning and Implementation of Information Systems

Risk Management in Banks

  • Risk Management: An Overview
  • Credit Risk Management
  • Liquidity and Market Risk Management
  • Operational Risk Management
  • Special Issues- Risk Management Organisation; Reporting of Banking Risk; Risk Adjusted Performance Evaluation
  • Basel III

Ethics and Corporate Governance in Banks

  • Ethics and Business
  • Corporate Governance
  • Corporate Social Responsibility
  • Governance in Financial Sector

ELECTIVE PAPER 2: CAPITAL, COMMODITY & MONEY MARKET (100 Marks)

Economic Framework

  • Basic structure of Flow of funds in the economy;
  • Capital Markets its Role in Capital formation, Functions of Liquidity, Resource Allocation and Transaction Cost-reduction

Legal Framework

  • Ministry of Finance (Capital Markets Division, Department of Economic Affairs)
  • Ministry of Corporate Affairs
  • Companies Act, 1956
  • SEBI Act, 1992
  • Securities Contracts (Regulation) Act, 1956 (SCRA)
  • Depositories Act, 1996
  • SEBI Regulations and Guidelines- An Overview, SEBI (Prohibition of Insider Trdaing) Regulations, 1992, SEBI (Substantial Acquisitions of Shares and Takeovers) Regulations, 2011 (SAST)
  • Prevention of Money Laundering Act, 2002
  • Grievance Redressal Mechanism: Stock Exchange (Investor Protection Fund), SEBI, Securities Appellate Tribunal (SAT), Supreme Court
  • Enforcement: Economic Offences Wing, Financial Intelligence Unit, Central Bureau of Investigation, Financial Action Task Force (FATF)

Financial Intermediaries Framework

  • Framework of Market Infrastructure Institutions (MII), Stock Exchanges Clearing Corporations, Custodians
  • Depositories, Depository Participants, Registrars and Transfer Agents (RTA), Bankers to issue
  • Merchant Bankers, Underwriters, Investment Advisors, Portfolio Managers, Self Certified Syndicate Banks
  • Brokers, Sub-brokers, Market-makers
  • Credit Rating Agencies

Primary Markets

  • IPO, FPO, Offer for Sale, Private Placement, Preferential Allotment, Institutional Placement Procedures (IPP), Qualified Institutional Placement (QIP), Rights Issue, Bonus Issue
  • Prospectus, DRHP, Shelf Prospectus, Red Herring prospectus
  • Private Investment in Public Equity (PIPE)
  • SEBI (Issue of Capital & Disclosure Requirements) Regulations, 2009
  • Lead Manager (Pre & Post Issue Activities)
  • Due Diligence Review
  • Underwriting obligations
  • Basis of Allotment
  • Book-building
  • Pre-issue and Post-issue activities,
  • Green-shoe Option
  • Pre-listing and Post-listing activities, Listing Agreement

Secondary Markets

  • Opening day (listing)
  • Continuing compliance obligations and disclosures: Post-listing activities, Corporate Actions
  • Requirements for Continuing Listing
  • Corporate Governance Norms
  • Disclosures as per Listing Agreement: Price Sensitive Information, Material Changes, Quarterly results
  • Functioning of an Exchange: Margining, Trading, Clearing and Settlement, Trade Guarantee Fund, Trading Software, Arbitration Mechanism
  • Stock Market Indices

Capital Market Investment Institutions

  • Domestic Financial Institutions (DFI), Qualified Institutional Buyers (QIB), Foreign Institutional Investors (FII) , Private Equity (PE), Angel Funds, HNIs, Venture Capital (VC), Qualified Foreign Investors (QFI), Mutual Funds, Alternative Investment Funds (AIF), Hedge Funds, Pension Funds

Capital Market Instruments

  • Equities
  • Preference Shares, Shares with Differential Voting Rights (DVR)
  • Corporate Debt: Non Convertible Debentures (NCD), Partly-and Fully-Convertible Debentures (PCD, FCD)
  • NCDs with or without Call and Put Features
  • Bonds, Foreign Currency Convertible Bonds (FCCB)
  • Indian Depository Receipts (IDR)
  • Derivatives: Single Stock Futures, Single Stock Options, Index futures (SENSEX, NIFTY), Index Options, Interest Rate Futures, Currency futures
  • Exchange Traded Funds (ETF)
  • Warrants

Resource Mobilization through International Markets

  • Global Depository Receipt (GDR)
  • American Depository Receipt (ADR)
  • Listing on the London Alternative Investment Market (AIM), NASDAQ, NYSE

Landmark Studies and Report of Committees on Capital Markets

Economics of Commodities Marketing

  • Economic Rationale for Commodities Trading Place and store value
  • Perishables and non-perishables
  • Tangibles and Intangibles (Weather , Freight)
  • How resources can be optimized through price hedges

Commodities Market Operations

  • Origin of Commodity Market in India
  • Products, Participants and Functions
  • Evolution of Commodity Exchanges; Regulatory Framework
  • Structure Of Commodity exchanges, membership, Risk Management, Clearing and Settlement System, Commodities Traded on Stock Exchanges Platform-NCDEX, MCX-SX
  • Instruments available for Trading
  • Using commodity exchanges for Hedging, Speculation and Arbitrage

Introduction to Money Market

  • Nature & Deployment of Surplus Funds and Raising of Short-term funds, Characteristics of Money Market
  • Regulatory framework of RBI, FIMMDA (Fixed Income, Money Market and Derivatives Association) and Foreign Exchange Dealers Association of India (FEDAI)
  • Call Money Market-Players, Utility, Money market Instruments: Commercial Paper, Certificates of Deposits, Bills of Exchange, Treasury Bills (T-Bills), Bill Discounting, Factoring, Letter of Credit, Money Market Mutual Funds, Fixed Maturity Plans

ELECTIVE PAPER 3: INSURANCE – LAW AND PRACTICE (100 Marks)

Understanding and Managing Risk

  • Risk Management – Perils – Nature – Risk Analysis – Planning – Control – Mechanism for Transfer of risk – Insurance and Reinsurance

General Principles and Concepts of Insurance

  • Insurable Interest – Indemnity – Uberrimae fidei – Proximate Cause – Subrogation and Contribution – Differentiation Insurance and Guarantee – Insurance and Wager – Disclosure – Moral Hazards

Insurance Contract and Indian Market Conditions

  • Nature of Insurance Contract – Features of Insurance Contract – Types of Insurance – Concept of Intermediaries – Market Players and their Roles – Agents, Brokers, Surveyors & Loss Assessors, Health Third Party Administrators, Certification of Insurance Professionals, Training Organizations.

Regulatory Environment – Specific Legislations

  • Regulation of Insurance Business, Insurance Act, Insurance Regulatory and Development Act, Powers and Functions of IRDA, Relevant Regulations and Guidelines issued by IRDA, Licensing, Audit & Supervision, Investments, Amalgamation and Transfer, Grievance Redressal, Rural and Social Sector obligations, Micro Insurance, Financial inclusion, Product Approval.

Regulatory Environment – General

  • Other Relevant Legislation (Motor Vehicles Act, Marine Insurance Act, Employees State Insurance Act etc.), Consumer Protection, Courts, Tribunals, Insurance Ombudsmen, Arbitration.

International Regulatory Framework

  • International Association of Insurance Supervisors – Future Trends

Life Insurance – Practices, Procedures

  • Application of Principles in Life Insurance Contract — Representation – Assignment and Nomination – Title and Claims – Tax Law Implications – Concept of Trusts in Life Policy – Stamp Duties – Role and Function of Life Insurance Companies.

Life Insurance & Pension Products

  • Life Insurance Products – Proposals, Policy and documentation

General Insurance – Practices and Procedures – Focus Underwriting

  • Application of Principles in General Insurance Contracts – Structure of the Policy – Insurance Documentation – Underwriting and Rating – Disclosure – Terms and Conditions

General Insurance – Practices and Procedures – Focus Claims

  • Claims Procedures – Underinsurance – Condition of Average – Recovery – Salvage.

General Insurance Products

  • Property Insurance (Fire and Engineering)
  • Marine Insurance (Hull and Cargo)
  • Motor Insurance
  • Business Interruption
  • Liability Insurance (Public, Products, Professional, Directors & Officers etc.)
  • Personal Lines (Health, Accident, Travel, Residential Premises etc.)
  • Rural and Agricultural
  • Micro-Insurance
  • Other Miscellaneous lines (Burglary, Bankers’ Risks, Fidelity etc.)

Ethics and Corporate Governance Framework for Insurance Companies

  • Financial Statements, Protection of Policy holders, Concept of Treating Customers Fairly (TCF), Actuarial and Other Certifications

ELECTIVE PAPER 4: INTELLECTUAL PROPERTY RIGHTS – LAW AND PRACTICE (100 Marks)

Introduction

  • Meaning, Relevance, Business Impact, Protection of Intellectual Property
  • Copyrights, Trademarks, Patents, Designs, Utility Models, Trade Secrets and Geographical Indications
  • Bio-diversity and IPR
  • Competing Rationales for Protection of Intellectual Property Rights
  • Introduction to the leading International Instruments concerning Intellectual Property Rights: the Berne Convention, Universal Copyright Convention, The Paris Convention, Patent Cooperation Treaty, TRIPS, The World Intellectual Property Organization (WIPO) and the UNESCO

Patents

  • Concept of Patent
  • Product / Process Patents & Terminology
  • Duration of Patents- Law and Policy Consideration Elements of Patentability,- Novelty and Non Obviousness (Inventive Steps and Industrial Application, Non- Patentable Subject Matter
  • Procedure for Filing of Patent Application and types of Applications
  • Procedure for Opposition
  • Revocation of Patents
  • Ownership and Maintenance of Patents
  • Assignment and licensing of Patents
  • Working of Patents- Compulsory Licensing
  • Patent Agent- Qualification and Registration Procedure

Patent Databases & Patent Information System

  • Patent Offices in India
  • Importance of Patent Information in Business Development
  • Patent search through Internet, Patent Databases

Preparation of Patent Documents

  • Lab Notebooks/Log Books/Record Books
  • Methods of Invention Disclosures
  • Patent Application and its Contents
  • Reading & Writing of the Patent Document

Process for Examination of Patent Application

  • Publication of Patent Applications
  • Request for Examination
  • Process for Examination & Prosecution
  • Reissue & Reexamination

Patent Infringement

  • Literal Infringement
  • Doctrine of Equivalence and Doctrine of Colorable Variation
  • Contributory Infringement
  • Defenses to Infringement including Experimental Use, Inequitable Conduct, Patent Misuse
  • Legal Aspects (Act, Rules, Procedures)

Recent Developments in Patent System

  • Software and Business Method Patenting in India & other Jurisdiction
  • Patentable Inventions with Special Reference to Biotechnology Products entailing Creation of New Forms of Life

Trademarks

  • The rationale of protection of trademark as (a) an aspect of commercial and (b) of consumer rights
  • Definition and concept of Trademarks
  • Different kinds of marks (brand names, logos, signatures, symbols, well known marks, certification marks and service marks)
  • Non Registrable Trademarks
  • Procedure for Registration of Trademarks
  • Opposition Procedure
  • Assignment/Transmission/Licensing of Trademarks
  • Infringement of Trademarks
  • Passing off Action
  • Offences and Penalties
  • International Conventions- Madrid Protocol
  • Domain Names
  • WIPO Internet Domain Name Process

Copyrights

  • Nature of Copyright
  • Works in which Copyrights subsist
  • Author & Ownership of Copyright
  • Rights Conferred by Copyright
  • Assignment, Transmission, Licensing of Copyrights
  • Infringement of Copyrights
  • Remedies & Actions for Infringement of Copyrights
  • Copyright Societies, Office, Board, Registration of Copyrights & Appeals
  • International Conventions
  • Copyright pertaining to Software/Internet and other Digital media
  • Remedies, especially, possibility of Anton Pillar Injunction Relief in India.

Industrial Designs

  • What is a Registrable Design
  • What is not a Design
  • Novelty & Originality
  • Procedure for Registration of Designs
  • Copyright under Design
  • Assignment, Transmission, Licenses
  • Procedure for Cancellation of Design
  • Infringement
  • Remedies

Geographical Indications

  • Meaning and Nature
  • Who are entitled for registration
  • Conditions & Procedure for Registration
  • Offences and Penalties

Protection of Trade Secrets

Key Business Concerns in Commercialising Intellectual Property Rights

  • Competition and Confidentiality Issues, Antitrust Laws
  • Employee Confidentiality
  • Assignment of Intellectual Property Rights
  • Technology Transfer Agreements
  • Intellectual Property Issues in the Sale of Business
  • Care & Maintenance of Confidential Information
  • Legal Auditing of Intellectual Property
  • Due Diligence of Intellectual Property Rights in a Corporate Transaction

Management and Valuation of Intellectual Property

Recent Trends and Development

ELECTIVE PAPER 5: INTERNATIONAL BUSINESS – LAWS AND PRACTICES (100 Marks)

Introduction

  • International Business – Nature and Scope,
  • Globalization – Meaning, Levels, Merits, Limitations and irreversibility of Globalization
  • Need to go global
  • Internationalisation Decisions (entry modes)
  • SEZ features

International Business Environment

  • Meaning of Environment
  • Dimensions – PEST to STEEPLE
  • Internal Environment and External Environment
  • SWOT Analysis
  • Various approaches to Assess competitiveness including Michael Porter’s 5- Forces Model
  • Global Competitiveness Index

Multi National Enterprises (MNEs) and Foreign Direct Investment (FDI)

  • Meaning and Characteristics
  • Role of MNEs in host economy
  • Trends in Global FDI
  • Trends in FDI with reference to India
  • Issues with MNEs – Taxation, Restrictive Trade Practices, Currency, Jurisdiction and Technology Transfer

Foreign Trade Policy and Procedures

  • Introduction to Foreign Trade Policy
  • Institutional Framework for Export Promotion
  • Export Incentives and Facilities
  • EPZ/FTZ/100% EOUs
  • Quality Control for Exports
  • Export Prospects for Select Products and Services
  • INCO Terms
  • International Commercial Arbitration-Shipment and Post Shipment Finance
  • SEZ-Incentives and Benefits
  • Method of Realizing Export Payments and Ensuring Guaranteed Export Payment
  • Central Excise Clearance Formalities
  • Customs Regulations and Clearance Formalities for Exports & Imports
  • Duty Draw Back Claims Procedure
  • Foreign Trade Financing – Export & Import
  • Foreign Exchange Risk Management
  • International Credit Management
  • Warehousing
  • Instruments of Trade Policy and India’s Trade Policy

International Trade and Regional Economic Integration

  • Theory – Mercantilism, absolute advantage and comparative advantage
  • Trends in Global Trade
  • Trends in India’s Trade
  • Types of Regional Economic Integration – Free Trade Area, Custom Union, Common Market, Economic Union, Monitory Union and Political Union etc.
  • Trading Blocks- ASEAN,SAFTA,SAARC,NAFTA,EU

Institutional Environment

  • Pre WTO Scenario, difference between GATT and WTO
  • Trade Related Institutions – WTO and UNCTAD
  • WTO – Basic Principles, various agreements, Functions and Areas of Operations, Dispute Settlement Mechanism (rules and procedures)
  • IMF, IBRD, ADB
  • Commodity Agreements

Anti-Dumping Duties

  • WTO Provisions on Anti-Dumping-, Anti-Dumping Duties, Procedure and Developments
  • Regulatory Framework for Anti Dumping in India
  • Recent Anti Dumping Cases in India

Subsidies and Countervailing Duties

  • WTO Provisions
  • Administration
  • Procedure and Emerging Trends
  • Regulatory Framework for Subsidies & Countervailing duties in India e. Doha Development Round

Foreign Collaborations and Joint Ventures

  • Foreign Direct Investment Policy, Industrial Policy
  • Kinds of Collaboration and Joint Ventures
  • Drafting of Agreement
  • Restrictive Clauses in the Foreign Collaboration/Joint Venture Agreements
  • International Commercial Arbitration

Strategic Alliances

  • Meaning, Rationale, Types, Trends in Alliances in New Competitive Environment, Strategic Alliance Failures, Managing Strategic Alliances.

Logistics Management

  • Logistics Framework- Concept, Objective and Scope
  • Transportation, Warehousing, Inventory Management, Packing and Unitization, Control and Communication
  • Role of IT in Logistics, Logistics Service Firms and Third Party Logistics

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1 Comment
  1. Ravi teja says

    sir,
    Can we claim group wise exemption.
    For suppose, if we cleared module 1 in old syllabus can we claim module 1 exemption in new syllabus…??

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