23 August 2014
ICAI has come out with the notification regarding the partial applicability of Companies Act 2013. 98 Notified section will be applicable for Nov 2014 exams. The Central Government has notified 98 sections of the Companies Act, 2013 on 12th September, 2013. Accordingly, those 98 notified sections are applicable for November 2014 examinations corresponding to their bifurcation into the Intermediate (IPC) and Final Course(s), i.e. from these 98 sections, 53 sections have been included in the Paper – 2,Business Laws, Ethics and Communication, Intermediate (IPC)Course, and 45 have been included in the Paper- 4, Corporate and Allied Laws, Final Course. For details of notification and supplementary study materials following link may kindly be seen----
http://220.227.161.86/32800bos-announ15mar14.pdf
For remaining sections Companies Act 1956 will apply.
23 August 2014
1. Applicability of Companies Act, 2013 for December 2014 Exam of ICSI
ATTENTION STUDENTS OF FOUNDATION, EXECUTIVE AND PROFESSIONAL PROGRAMMES
Applicability of the Companies Act, 2013 for Examinations from December 2014 onwards It is informed that the provisions of the Companies Act, 2013 and the rules and regulations made thereunder shall be applicable for Examinations from December, 2014 onwards. This means that the question papers of the following subjects of Foundation, Executive and Professional level shall carry questions from the Companies Act, 2013 instead of the Companies Act, 1956:
Foundation Programme
1. Business Environment and Entrepreneurship (Paper 1)
Executive Programme
1. Company Law (Module 1, Paper 1) 2. Company Accounts and Auditing Practices (Module 2, Paper 5) 3. Capital Markets and Securities Laws (Module 2,Paper 6)
Professional Programme
1. Advanced Company Law and Practice (Module 1, Paper 1) 2. Secretarial Audit, Compliance Management and Due Diligence (Module 1, Paper 2) 3. Corporate Restructuring, Valuation and Insolvency (Module 1, Paper 3) 4. Ethics, Governance and Sustainability (Module 2,Paper 6) 5. Drafting, Appearances and Pleadings (Module 3, Paper 8) 6. Capital, Commodity and Money Market (Module 3, Paper 9.2, Elective)
Other subjects at Foundation, Executive, Professional, Elective papers that has reference to Companies Act, 1956 should be read in line with Companies Act, 2013.
Please note that all the provisions of the Companies Act, 2013 may or may not have come into effect on the date of Examination. Nevertheless, question papers will carry question from the Companies Act 2013 only and not the Companies Act, 1956.
Please check ICSI notification in this regard which is available at the link given below:
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