CA Intermediate Corporate and Other Laws Classes

CA Intermediate Paper 2 — Corporate and Other Laws

Corporate and Other Laws is a 100-mark subjective paper split into two parts: Part I — Company Law (~70 marks) covering the Companies Act 2013, and Part II — Other Laws (~30 marks) covering the Limited Liability Partnership Act, FEMA basics, SEBI Act and SCRA overview, and Insolvency and Bankruptcy Code 2016 at an introductory level.

Companies Act 2013 — The Core of Part I

• Incorporation of Company — MOA, AOA, certificate of incorporation, types of companies
• Share Capital and Debentures — Kinds of share capital, allotment, calls, forfeiture, buyback, ESOPs
• Acceptance of Deposits — Companies Act deposit rules, eligibility, repayment
• Charges — Creation, modification, satisfaction, and register of charges
• Management and Administration — Directors, board composition, meetings, quorum, resolutions, minutes
• Declaration and Payment of Dividend — Statutory provisions, interim vs final dividend, unpaid dividend account
• Accounts and Audit — Books of accounts, financial statements, auditor appointment and removal
• Corporate Social Responsibility — Section 135 CSR provisions, committee requirements, spending obligations
• Inspection, Investigation and Compounding — SFIO, NCLT powers, prosecution provisions

Other Laws — Part II

The Other Laws section (~30 marks) covers LLP Act 2008 (incorporation, partners' rights and duties, winding up), FEMA 1999 (current vs capital account transactions, RBI permissions), the SEBI Act 1992 and SCRA 1956 overview, and IBC 2016 basics (initiation of CIRP, key definitions). These are tested at an awareness level at Inter — much deeper treatment comes at CA Final.

Case-Law Answers Score Better

ICAI's law marking scheme rewards answers that cite relevant case law or judicial decisions, particularly for Companies Act provisions related to directors' duties, oppression, and mismanagement. While you are not required to cite cases at Intermediate level, doing so when you know the case (e.g., citing Salomon v Salomon for separate legal entity) distinguishes your answer and often earns an additional mark per instance.