brought modifications in the scope of syllabi of select subjects in CA INTERMEDIATE Course. Few Modifications will be effective from November 2019 and few from May 2020.
Thus, in the November 2019 attempt of CA INTER Exam and henceforth, the syllabus stands modified in certain subjects.
This announcement has been divided in 2 parts -
However, if we analyze the announcement, there has been major deletions as compared to any addition in the syllabus. YEAH! YEAH! YEAH!
At KonceptCA, we have provided a detailed analysis of each & every such modification along with the page numbers of the study material that you can now CUT, CUT, CUT, CUT!
Please refer below such modifications –
Exclusion of topics from the scope of syllabi of select subjects
[To be effective from November, 2019 Examination]
PAPER 2 - Corporate Laws & Other Laws
|Chapter||Section No.||Heading||Page No.||Content|
|Prospectus and Allotment of Securities||24||Power of SEBI to regulate, issue & transfer of securities, etc.||3.5 – 3.6||This section gives power to SEBI to regulate all the aspects related to securities. Not just issue & transfer of securities, matters related to non-payment of dividend is also to be monitored by SEBI.|
|30||Advertisement of Prospectus||3.19||This section prescribes the contents of the advertisement whenever an advertisement of prospectus is published.|
|33||Abridged Prospectus||3.19||A short or edited prospectus in the prescribed manner which accompanies the application form for securities. This is usually added to provide an idea to a prospective investor who is buying the securities for the 1st time & has not been able to go through the complete prospectus. We do not wish to miss any opportunity to guide the investor in the best manner.|
|38||Punishment for Personation for Acquisition, etc of securities.||3.25||This section attracts the severe punishment under section 447 for anyone who –|
|41||Global Depository Receipt||3.26-3.28||This section along with The Companies (Issue of Global Depository Receipts) Rules, 2014 talks about how we can bring money from overseas. Getting the Big International Investment Appetite.|
|Share Capital and Debentures||44||Nature of Shares or Debentures||4.14||This section states that the shares or debentures shall be movable property transferable in the manner provided by the AOA.|
|45||Numbering of Shares||NO AS SUCH||This section states that every share in a company shall be distinguished by its distinctive number.|
|60||Publication of Authorised, Subscribed and Paid up Capital||4.18 – 4.19||This section states that where any notice/ advt or official publication contains authorized capital, it shall also in equally conspicuous characters, contain the subscribed & paid up capital.|
|65||Unlimited Company to Provide for Reserve Share Capital on Conversion into Limited Company||4.25||This section states that an when an unlimited company converts into a limited company, it has to do either or both of the following – |
|72||Power to Nominate||4.35||This section gives the right to a holder of securities to nominate a person to whom his securities shall vest in the event of death of his death.|
|Acceptance of Deposits by Companies||75||Damages for Fraud||5.13||This section provides the repercussion when a company fails to repay the deposit or interest thereon as referred to in section 74.|
If it is proved that it was done with the intent of defrauding, penalty under section 447 would be invoked.
|Registration of Charges||81||Register of Charges to be kept by Registrar||6.6||This section provides the requirement of maintenance of the register of charges by the Registrar which shall keep it in such form & manner as prescribed.|
|85||Company’s register of charges||6.6||This section provides the requirement of register of charges to be maintained by the company in such form & manner as prescribed.|
PAPER 3 - Cost and Management Accounting
|Time Based||Output Based||Combination T/O||Group Bonus Scheme||Incentives for indirect workers|
|- Stright Time Rate||- Stright Piece Rate||- Gantt||- Priestman|
|- Differential Time Rate||- Differential Piece Rate|
|- Emerson||- Nunn-Bush|
|- Point Scheme|
PAPER 6 - Auditing & Assurance
PAPER 8 – Financial Management
Additions/Modifications in the syllabi of select subjects
[to be effective fromMay, 2020 Examination onwards]
|Paper 1: Accounting||Topics shifted from Paper 1 to Paper 5:|
|Paper 4A: Income-tax Law||Computation of AMT included (in relation to section 35AD and 10AA) through Study Guidelines in the topic “Computation of total income and tax liability of individuals”|
|Paper 5: Advanced Accounting||Topics shifted from Paper 1 to Paper 5:|
Topics removed from the syllabus:
|Paper 8A: Financial Management|
As such, we can infer that there has been more deletions & few additions. This in itself provides somewhat relief to the CA INTER Aspirants.
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