CS Executive Economic, Commercial and Intellectual Property Laws Classes

CS Executive Paper 6 - Economic, Commercial and Intellectual Property Laws

Syllabus note: under the ICSI New Syllabus 2022 this paper absorbed a full intellectual property law component - trademarks, copyright, patents, designs and geographical indications - alongside the economic and commercial legislation it already carried. Students working from older material frequently miss the IPR section entirely.

Economic, Business and Commercial Laws is a 100-mark paper covering the wide range of commercial legislation that CS professionals encounter in practice beyond the Companies Act. It is breadth-focused — covering 8–10 different statutes — making it the CS Executive paper where systematic chapter-by-chapter preparation is most important.

Economic Laws

• FEMA 1999 (Advanced) — Current account transactions, capital account transactions (Schedule I and II), FDI routes and sectoral caps, External Commercial Borrowings (ECB), Overseas Direct Investment (ODI), RBI compounding, adjudication, and appeals
• Competition Act 2002 — Anti-competitive agreements (Section 3 — horizontal and vertical), abuse of dominant position (Section 4), combination regulations (Section 5–6), CCI procedures, penalties and remedies, amendments under the 2023 Competition (Amendment) Act
• Prevention of Money Laundering Act 2002 — Predicate offences, proceeds of crime, attachment, Enforcement Directorate, reporting obligations of professionals
• Foreign Trade (Development and Regulation) Act 1992 — DGFT powers, import-export licensing, penal provisions

Business and Commercial Laws

• Consumer Protection Act 2019 — Consumer definition, defect vs deficiency, District/State/National Consumer Disputes Redressal Commissions, e-commerce liability, class action complaints
• Right to Information Act 2005 — Obligations of public authorities, exemptions, Central and State Information Commissions, deemed refusal
• Real Estate (Regulation and Development) Act 2016 (RERA) — Developer registration, allottee rights, RERA Authority, penalties
• Insolvency and Bankruptcy Code 2016 — Individual insolvency provisions (Part III), IBBI regulation of insolvency professionals
• Environment Laws — Environment Protection Act 1986, Water Act 1974, Air Act 1981, Environmental Impact Assessment (EIA) — corporate compliance obligations