Part I: Company Law
50 Marks (50%)
Directors Core (~20M), Operations & Oppression (~15M), Winding Up & NCLT (~15M).
Part II: Economic Laws
30 Marks (30%)
IBC 2016 (~12M), FEMA 1999 (~12M), and FCRA 2010 (~8M). Linear & scoring.
Part III: Securities Laws
20 Marks (20%)
SEBI Act, LODR, ICDR, SAST, and PIT regulations.
💡 Key Takeaway: Corporate Laws (50M) + Economic Laws (30M) represent 80% of the syllabus with high predictability.
The passing mark is 50% with zero negative marking. Lock in the highest-yield, linear chapters first to secure an easy 40–45 mark baseline.
1
Economic Laws (IBC + FCRA)
Highest scoring density. IBC CIRP timelines and FCRA foreign contribution norms are direct and testable.
2
The Directors Trio
Appointment (Sec 149-172), Remuneration (Sec 196-205), and Board Meetings (Sec 173-195) yield ~20-25 marks.
🎯 Target Outcome: Mastering these 5 chapters guarantees 38–44 marks before attempting Securities Law or Miscellaneous provisions.
ICAI designs case scenarios around numerical exceptions and procedural deadlines. Create a dedicated 1-page summary for:
⏱ Time Limits & Deadlines
Days to file MCA forms (DIR-12, MGT-14), board meeting notice (7 days / shorter notice), and IBC CIRP (180 + 90 days).
💰 Monetary & Turnover Triggers
Net Worth & Turnover thresholds for Audit Committee, NRC, SRC, CSR, and Independent Director mandates.
⚠️ Watch Out: Read case facts carefully for company status (listed, unlisted public, private, or Section 8) as exemptions alter limits completely.